Bitcoin falls below $20,000 as it moves towards biggest quarterly drop since 2011 June 30, 2022 Bitcoin plunged below $20,000 today as it hurtles towards its biggest quarterly drop in more than a decade. The world’s biggest cryptocurrency plummeted 4.35% to about $19,160 and is down 58% in the second quarter of 2022. It tumbled around 68% in the third quarter of 2011 during its very early stages when its price [...]
Barclays fights cost of living crisis with £1,200 pay rise for 35,000 employees June 30, 2022 Barclays is giving 35,000 of its UK-based staff a £1,200 pay rise to tackle the cost of living. The banking giant will provide this salary increase to customer-facing, branch, and junior support workers from 1 August. “Barclays will continue to monitor the economic situation globally and consider our approach to pay in each country in [...]
Post Office Horizon Scandal: Wronged postmasters offered £19.5m interim compensation June 30, 2022 Post Office Horizon scandal victims have been given an extra £19.5m in compensation, bringing the total payout to around £30m.
Coinbase ramps up European expansion after laying off employees June 30, 2022 Coinbase is seeking licenses in European countries and stepping up its presence in the continent after cutting almost a fifth of its staff. The US-based crypto exchange is looking to set up operations in countries like France, Italy, and Switzerland. It already has active operations in the UK, Ireland, and Germany. The move comes just [...]
EU consumer groups come after Google for account sign-up settings in GDPR row June 30, 2022 A European coalition has come after Google for harvesting user data via account sign-ins and undermining General Data Protection Regulation (GDPR).
UK set to cut food tariffs to ease cost of living pressures June 30, 2022 The UK is set to cut tariffs on imported food in a bid to ease the cost of living crisis, Boris Johnson has said. The Prime Minister said products the UK does not produce – like oranges, rice, olives and bananas – could see price cuts in the coming months by slashing tariffs on foreign [...]
AXA UK Chairman Scott Wheway steps down with Mark Pain appointed June 30, 2022 AXA UK plc announced that Chairman of the Board Scott Wheway is stepping down today. Non-Executive Director Mark Pain will serve as Chairman from tomorrow. Wheway was appointed as Chairman in December 2017 while Pain was appointed to the Board in December 2018. He is Chairman of the Risk Committee and Senior Independent Director Wheway said [...]
Bitcoin price drops for fourth day straight June 30, 2022 The price of Bitcoin has slipped below $20k again this morning, having fallen for a fourth straight day to around $19,100.
Bitcoin price to start recovery after final ‘washout’ of crypto winter, says Fundstrat June 30, 2022 Bitcoin could face one more crash before its price recovers. A final ‘washout’ could send the price of the biggest cryptocurrency plummeting to $13,000 before it starts to go up, analysis by financial research firm Fundstrat found. Bitcoin is currently trading around $20,000. “Most short-term technicals point to an above-average chance of a final ‘washout’-style [...]
‘Practically treacherous’: Ex F1 boss Bernie Ecclestone lambasted for saying he’d ‘still take a bullet for Putin’ June 30, 2022 Formula 1’s Bernie Ecclestone has defended Russia’s president Vladimir Putin, saying despite the war in Ukraine: “I’d still take a bullet for him.” The controversial former motorsport boss, 91, made his remarks on Good Morning Britain, when asked, “do you still regard him as a friend, do you still stand by that feeling towards him?” [...]