Facebook’s Zuckerberg brushes off resignation calls over Definers scandal November 21, 2018 Facebook founder Mark Zuckerberg has fought back against calls for the social media giant to change up its leadership, as requests for resignation letters mount against both him and Facebook operations chief Sheryl Sandberg. Zuckerberg rejected renewed criticism against the company in an interview with CNN late last night, where he took it upon himself to defend [...]
DUP is still propping up Theresa May despite going missing in Budget votes, insists Downing Street November 21, 2018 Downing Street has insisted the DUP is still propping up Theresa May's government despite the party’s MPs voting against the Budget on Monday. A confidence and supply agreement struck after last year's election sees the DUP order its 10 MPs to support the Conservatives in Parliament in exchange for an extra £1billion on public spending in Northern Ireland. [...]
Sadiq Khan raises ‘serious concerns’ over Crossrail’s transparency and governance in letter to spending watchdog November 21, 2018 London mayor Sadiq Khan has said he has "serious concerns" about the "transparency and effectiveness of Crossrail's governance" following the fallout from the delay to the £15.4bn project. In a letter to the National Audit Office (NAO), seen by City A.M., Khan said that while joint sponsors Transport for London (TfL) and the Department for Transport (DfT) [...]
Sugar tax raises £154m but the government warns more must be done November 21, 2018 The sugar tax on soft drinks has raised £153.8m since it came into force in April, the government has said. The levy was rolled out seven months ago to help tackle childhood obesity, with revenue used to fund physical education in primary schools. The figure is less than half the original amount estimated when the tax was [...]
Retail estate landlord New River Reit posts drop in asset value as high street woes worsen November 21, 2018 Real estate giant New River Reit saw the value of its assets dip in the six months to September, in a further sign of the tough challenges facing landlords on the high street. Net assets totalled £864m in September this year, marking more than a three per cent drop from March, while funds from operations [...]
Elon Musk’s Space X to be probed by Nasa after billionaire smoked marijuana in live interview November 21, 2018 Nasa has said it is launching a probe into workplace safety at Space X, prompted by the company's founder Elon Musk smoking marijuana during an interview. The review into Space X as a commercial partner of Nasa, which will also include an investigation at Boeing, comes as both companies prepare to fly astronauts up to the International Space Station. [...]
Amber Rudd: MPs will block a no-deal Brexit and back Prime Minister’s withdrawal agreement November 21, 2018 Amber Rudd, the new work and pensions secretary, has appeared to rule out a no-deal Brexit on the basis that the House of Commons will vote through the draft withdrawal agreement put forward by Prime Minister Theresa May. Speaking on BBC Radio 4’s Today programme, the former home secretary said the house would stop a [...]
Trump backs Saudi Arabia regardless of whether Crown Prince was aware of Khashoggi murder plot November 21, 2018 President Donald Trump has said the US would remain a "steadfast partner" of Saudi Arabia whether or not its leader was aware of the assassination plot of journalist Jamal Khashoggi. Repeating claims from Saudi representatives that the Washington Post journalist was an “enemy of the state”, Trump said the US would stand with the country regardless of whether [...]
Given the upcoming Brexit hurdles, what’s in store for sterling? November 21, 2018 The long-awaited draft withdrawal agreement was unveiled last Wednesday, and for a fleeting moment, it felt like we were finally getting somewhere. News that Theresa May had reached a deal pushed the pound up a notch against the dollar. But, as is often the case with anything Brexit-related, optimism was short-lived. May’s deal was fiercely [...]
Whatever the CIA says, the west could turn a blind eye over Khashoggi’s murder November 21, 2018 The murder of Saudi journalist Jamal Khashoggi has put a strain on political and economic relations between Saudi Arabia and the west. On Sunday, word came that the CIA blamed Saudi Crown Prince Mohammed bin Salman for the murder, with sources close to the agency saying that it had assessed the evidence in detail. The [...]