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Evening Standard
The wrong time for a windfall tax on big oil
Business
Sky News
Roman Abramovich sanctioned by UK government amid crackdown on Russian oligarchs
Roman Abramovich has been sanctioned by the UK government as part of attempts to crackdown on wealthy Russians with assets in the country.The Chelsea Football Club owner is one of seven more Russian oligarchs who have had sanctions placed on them by ministers on Thursday in response to Russia’s invasion of Ukraine.A government document announcing …
Business
Sky News
Borrow billions more or leave households to face biggest squeeze in decades, Sunak told
Rishi Sunak must choose to either borrow billions more or allow households to suffer an income squeeze that could be the worst since the 1970s, a leading think-tank has warned.The Institute for Fiscal Studies said the likely impact of the Ukraine crisis on inflation and public finances may force the chancellor to act when he …
Business
Euro News
Everything you need to know about Joe Biden’s crypto and digital dollar executive order
Business
Business Weekly
AI, Driverless Cars and Liability: Who takes the blame?
Although self-driving features seem to be commonplace in new cars (e.g. park-assist, lane assist, accident prediction), it seems that businesses are keen to use artificial intelligence to push the boundaries of what is possible to create not just technology which assists consumers with driving but actually takes over the responsibility of driving, writes Samantha Woodley, …
Business
Sky News
Pepsi penetrated the Iron Curtain five decades ago – but has now joined the exodus from Russia
With Heineken and L’Oreal announcing the effective closure of their Russian operations today, the number of Western companies shunning the country continues to grow.Unilever – the Magnum, Domestos and Dove consumer goods titan – has also called a halt on exports to the country. The announcements in Europe came on the back of last night’s …
Business
Sky News
Huawei UK directors quit over stance on Russian invasion
The two British board members of Huawei’s UK subsidiary are to resign over the Chinese telecoms giant’s refusal to condemn Russia’s invasion of Ukraine.Sky News has learnt that Sir Andrew Cahn and Sir Ken Olisa notified the company on Wednesday that they intend to step down from their positions as non-executive directors. City sources said …
Business
Euro News
Bitcoin jumps in value after leaked US Treasury statement calms fears of a crypto clampdown
Business
Sky News
Starmer calls for government U-turn on support for household energy bills as price hike set to bite
Boris Johnson has announced he will set out an Energy Independence Plan in the “course of the next few days” as April price hike looms.At Prime Minister’s Questions, Mr Johnson said his government “need to meet the long term impact of the energy price spike”. The announcement came as the prime minister was pressed by …
Business
Business Live
Ultra marathon runner’s business buys sports nutrition retailer
A Dorset business founded by a former international ultra marathon runner has acquired a sports nutrition retailer for an undisclosed sum. XMiles UK specialises in products and accessories for endurance sports and was established in 2015 by athlete Anthony Clark, who represented England and Great Britain in competitions around the world. The business has now …
Business
Sky News
Technology companies to be forced to tackle scam online ads
Social media platforms and search engines are to be forced to tackle fraudulent advertisements, according to the government.The duty will be included in an updated version of the Online Safety Bill which Sky News understands may arrive as early as next week. It follows criticisms of a previous draft of the law covering harmful user-generated …
Business
Business Live
Development Bank of Wales announce new director of its tech venture investments team
The Development Bank of Wales has appointed a new director to head up its technology venture investments (TVI) division. Duncan Gray takes over Simon Thelwall-Jones who led the team from 2019 to December 2021. Mr Gray was previously deputy fund manager (strategic portfolio) within the TVI team. He is replaced by Mark Bowman who has …

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