Trump tie-making firm enters race for Arcadia assets January 10, 2021 A US clothing firm with links to the Trump family has emerged as a bidder for the pieces of Sir Philip Green’s Arcadia retail empire. The Telegraph reported that G-III Apparel had become the latest company to throw its hat into the ring for brands such as Topshop and Dorothy Perkins. The New York company [...]
Twitter permanently suspends Donald Trump’s account to prevent incitement of violence January 9, 2021 Twitter has permanently suspended Donald Trump’s account, citing the risk of further incitement of violence following the storming of the US Capitol on Wednesday. The US President has repeatedly used the platform to declare that the outcome of the 3 November election was fraudulent and to share other conspiracy theories. Trump also urged his supporters [...]
Alok Sharma to depart as business secretary as part of mini-reshuffle January 8, 2021 Alok Sharma will leave his role as business secretary to lead the Government's handling of the COP26 climate summit later this year
Trump won’t attend Biden inauguration this month January 8, 2021 Donald Trump will not attend the inauguration of his successor Joe Biden later this month, he has confirmed. The US President confirmed the news via Twitter this afternoon. He said: “To all of those who have asked, I will not be going to the inauguration on January 20th.” Vice President Mike Pence is expected to [...]
Biden names national security official to oversee global health security January 8, 2021 President-elect Joe Biden plans to add a senior national security official to oversee global health security. This government position was cut by the Trump administration in 2018, two years prior to the beginning of the Covid-19 pandemic. Biden’s transition team in a statement released today said it would hire former White House national security official [...]
Sadiq Khan to boost share of London council tax by nearly 10 per cent January 8, 2021 Sadiq Khan today announced that his share of council tax will increase by nearly 10 per cent from April in order to keep funding public transport services. Under the proposals, the average bill for Band D will increase by £2.63 a month – £31.59 over the whole year. Of the increase, £15 will go towards [...]
‘Major incident’ declared as London hospitals on verge of being overwhelmed January 8, 2021 The mayor of London has declared a “major incident” as London hospitals are on the brink of being overwhelmed with coronavirus patients. “The situation in London is now critical with the spread of the virus out of control,” Sadiq Khan said in a statement. “The number of cases in London has increased rapidly with more [...]
Blackstone secures Bill Gates support in bidding war for Signature Aviation January 8, 2021 The Blackstone Group has the support of a big-name backer – Bill Gates- the largest shareholder in Signature Aviation, strengthening the firms bid to buy the private-jet servicing company. The support comes in opposition to rival bidder Carlyle and strengthens Blackstone’s $4.29bn (£3.16bn) offer alongside Gates’ Cascade Investment. Blackstone and Cascade, which own a near [...]
Before the Bell: Equities and copper are on a roll January 8, 2021 Equity markets in Europe and the US enjoyed rallies yesterday as traders bought stocks on the back of the view that the future Biden administration will be keen to use stimulus packages to support the economy. In late December, lawmakers signed off on a $900bn relief package but in October, Nancy Pelosi, of the Democrats, [...]
Elon Musk overtakes Jeff Bezos to become world’s richest person January 7, 2021 Tesla's share price has driven Elon Musk's net worth even higher to topple Amazon boss Jeff Bezos from the top spot of world's richest person
