Deloitte to pay Malaysia $80m for role in 1MDB corruption scandal March 3, 2021 Audit giant Deloitte is set to pay $80m to the Malaysian government to settle claims of corruption tied to the auditing of scandal-linked state accounts, the finance ministry has said today. Deloitte’s fee will conclude its role in the corruption saga that involved former Malaysian prime minister Najib Razak who allegedly used the state fund [...]
Flat-pack jabs: New London vaccine hub assembled at former Ikea store January 24, 2021 A former Ikea store has been transformed into a Covid-19 vaccination centre amid a ramping up of jab facilities in the capital. Up to 25 new vaccination sites will start offering Covid jabs this week as the NHS accelerates the biggest immunisation programme in its history. A former Ikea store at the Westfield shopping centre [...]
Ministers to discuss hotel quarantine for UK arrivals January 23, 2021 Travellers returning to the UK could be forced to spend 10 days in quarantine in a hotel under plans being drawn up by the government. Ministers will meet on Monday to discuss tightening rules at UK borders amid fears about new mutant strains of the virus, according to media reports. The hotels would be staffed [...]
Airline, hotel and travel shares slump on summer holiday warnings and UK quarantine rumours January 22, 2021 Shares in airline, hotel and travel companies have sunk today, after UK Government ministers poured cold water on summer holidays being back to normal this year.
Senior Credit Suisse bankers flee to Barclays, Goldman and Citi after Archegos disaster May 19, 2021 About a dozen managing directors at Credit Suisse have recently left the banking giant or are in the process of doing so, with most of them poached by rivals including Barclays, Goldman Sachs and Citibank. Moreover, a range of senior bankers are expected to announce their departure in the coming weeks, with several others also [...]
GameStop trading halted 10 minutes after Wall St opens as stock gears up for volatile day February 25, 2021 Trading of GameStop stock was halted within the first 10 minutes of Wall Street’s opening bell, after the stock rocketed 104 per cent yesterday and a further 83 per cent in after-hours trading. The share price of American videogame retailer GameStop jumped 77 per cent on Wall Street’s open today, after amateur traders again [...]
Boohoo hires retired judge Leveson to oversee supply chain revamp November 26, 2020 Boohoo has appointed retired judge Brian Leveson, who handled the Leveson inquiry, to independently check its drive to improve its supply chain and business practices. In September an independent review found several failings in the online fashion retailer’s supply chain in England, after allegations about working conditions and low pay. The review then set out [...]
Reddit website goes down as Gamestop shares jump February 24, 2021 Reddit, the self-titled “front page of the internet”, crashed last night as shares in amateur trader favourite Gamestop climbed once again. The site, which is accessed by millions of people daily, went down at around 9pm on Wednesday. Shortly afterwards Reddit tweeted that it had identified the issue and its systems had recovered. It came [...]
Nokia could benefit from Huawei saga, says chief executive May 21, 2019 Nokia could benefit from the US crackdown on Huawei as global telecoms firms race to roll out 5G, the company’s chief executive has said. “Perhaps there is long term opportunity but more than that, it’s hard to say at this point,” Rajeev Suri told investors, according to Reuters. Read more: Huawei accuses US of bullying [...]
Nicola Sturgeon refutes claims of misleading Scottish Parliament after giving evidence March 3, 2021 Nicola Sturgeon rejected claims she could have intervened more after giving evidence in Alex Salmond inquiry