Unlocking potential: A call to action for Social Mobility May 9, 2024 The macro challenge: worsening global income inequality We have an income inequality crisis and the trend is worsening. Income inequality, that is the unequal distribution of income throughout a population, has become a ubiquitous challenge on a global scale; it is one of the Social Megatrends in the realm of ESG and sustainability. The UK [...]
FTX estate will recover up to $16.3 billion to creditors May 9, 2024 2022 was a traumatic year for the crypto industry. After Terra's implosion in May, the summer saw numerous bankruptcies from seemingly reputable crypto entities due to lacking risk management. Sam Bankman-Fried (SBF) appeared to have a plan to save them all. People heralded him as the "JP Morgan of Crypto" after he made several nine-figure investments to rescue the crypto economy, similar to JP Morgan's early 1900s actions to backstop financial institutions. However, by November 2022, SBF's own companies faced jeopardy. On November 11, 2022, FTX filed for Chapter 11 bankruptcy. Now, almost 18 months later, it seems creditors will be more than compensated.
Private equity and venture capital investment into the UK has crashed since 2021 May 8, 2024 Private equity and venture capital investment into UK businesses fell by over 30 per cent to £20.1bn in 2023, according to a report from the industry body.
Green light given to class-action lawsuit over electricity costs May 7, 2024 Damages sought for consumers are in the hundreds of millions of pounds.
John Cleese: Fawlty Towers goose-stepping scenes will amuse young audiences May 3, 2024 John Cleese discusses Fawlty Towers as it prepares to launch in the West End
Tesco hits Swedish truck manufacturer Scania with legal action May 1, 2024 Tesco has launched a claim against Swedish commercial vehicle manufacturer Scania over alleged monetary losses suffered in the UK
UK sporting bodies join forces to call for action over dirty waters April 30, 2024 Seven UK sporting bodies have joined forces to protect the waters they rely on and campaign for “healthy and nature-rich blue spaces.” The Angling Trust, British Rowing, British Triathlon, GB Outrigger, Paddle UK, Royal Yachting Association (RYA) and Swim England have formed the Clean Water Alliance in response to concerns over sewage pollution in rivers [...]
Meta to face £2.2bn class action after failing to overturn approval April 30, 2024 Meta is set to face £2.2bn over allegations it abuses its dominant market position by imposing unfair terms after the Tribunal threw out its appeal
Royal Mail continues drive to scrap Saturday post after union bends April 30, 2024 Royal Mail's proposals include a slower first-class service and reducing the number of delivery days from six to three.
The UK and the UAE must work together to beat climate change April 29, 2024 With an enabling regulatory environment, a world-class legal system, multifarious global connections and access to incredible talent and skills, the Square Mile is perfectly placed to help the Gulf nations achieve their green ambitions