Rishi Sunak Summer Statement: All the Chancellor’s spending pledges July 8, 2020 Chancellor Rishi Sunak today announced a raft of measures in his Summer Statement in a bid to help the UK economy recover from the worst effects of coronavirus. The Treasury boss revealed massive public spending to bolster the UK economy in what people are calling his mini-Budget. While he did not extend the government’s furlough [...]
Ethereum miners’ revenue surges as monthly ETH transaction volumes surpass $24 billion September 8, 2020 This week CryptoCompare data shows the price of Bitcoin (BTC) tested the $12,000 mark but couldn’t break that level, seeing a subsequent correction down to the $10,150 mark where it currently stands. Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week around $420 and moved up to $480 before BTC’s failure to break [...]
London Stock Exchange boss appointed as new FCA chief June 22, 2020 Chancellor Rishi Sunak has today appointed Nikhil Rathi, the current chief executive of the London Stock Exchange, as the permanent boss of the Financial Conduct Authority. Rathi will replace Christopher Woolard, who was serving as the FCA’s interim chief executive following former boss Andrew Bailey’s move to become governor of the Bank of England. The [...]
Wimbledon tennis championships cancelled over coronavirus April 1, 2020 The Wimbledon tennis championships were cancelled for the first time since World War Two today as the coronavirus pandemic wiped another blue-riband sports event off the calendar. While the decision had looked inevitable for some time, since the virtual shutdown of world sport and the postponement of the Tokyo Olympics, Wimbledon had been one of [...]
Interiors: Why country houses are inspiring autumn’s best-dressed homes October 18, 2019 Neutral, minimalist design has been the name of the interiors game for several seasons. And it’s easy to see why: it’s tasteful, fuss-free and appeals to almost everyone. The problem is, it’s not much fun – which is why it’s heartening to hear that the trends tipped for autumn are a bit more colourful. Charlotte [...]
Virgin Atlantic CEO takes 20 per cent pay cut on coronavirus fears March 4, 2020 Virgin Atlantic chief executive Shai Weiss will take a 20 per cent pay cut between April and June as the world’s airlines continue to be battered by the coronavirus outbreak. The rest of the executive team have agreed to a 15 per cent decrease as the Sir Richard Branson-backed airline battles the slump in demand [...]
Online fashion retailer Sosandar beats expectations as sales soar January 20, 2020 Online fashion brand Sosandar said it expects full-year sales to beat market expectations following soaring growth at the end of last year, avoiding the gloom affecting many high street retailers. The Aim-listed retailer said investment in customer acquisition drove revenue up 136 per cent to £3.8m in the three months to 31 December, exceeding the [...]
Sajid Javid issues PM a warning over fiscal rules and urges him to ‘balance the books’ February 26, 2020 Former chancellor Sajid Javid has issued a warning to the government not to allow spending to get out of hand, telling Boris Johnson and Rishi Sunak the country’s fiscal rules are “critical”. Speaking in the Commons for the first time since he quit during the reshuffle, in the unusual move of giving a personal statement [...]
RBS’ digital banking chief to step down in coming months January 21, 2020 The chief executive of Bo, RBS’ digital banking platform, is one of a number of executives who will leave the company in the coming months as part of a reshuffle under new boss Alison Rose. Mark Bailie, who was considered a potential challenger to Rose before her appointment in the autumn, will step down just [...]
Google boss calls for temporary ban on facial recognition technology January 20, 2020 Google chief executive Sundar Pichai has lent his support to a proposed temporary EU ban on facial recognition technology, over concerns it could be misused. “I think it is important that governments and regulations tackle it sooner rather than later and gives a framework for it,” said Pichai at a conference in Brussels today. The [...]