Author: Press Room

Former Labor minister Graham Richardson says the Albanese government’s plan to introduce a gas price cap is a “suck it and see proposition”. “I think over the course of next few months, the government will have a look and see how it has gone. And if it needs a tweak, it will get a tweak,” he told Sky News Australia. Source: Sky News

We’ll be bringing you the very latest updates, pictures and video on this breaking news storyThe National Grid has triggered its back-up power plan amid fears energy suppliers could run out, taking the nation off the grid. We’ll be bringing you the very latest updates, pictures and video on this breaking news story. Please check back regularly for updates on this developing story HERE . Get email updates on the day’s biggest stories straight to your inbox by signing up for our newsletters . Get all the big headlines, pictures, analysis, opinion and video on the stories that matter to…

US tech group Microsoft is to take a 4 per cent stake in London Stock Exchange as part of a 10-year strategic partnership to improve the exchange’s data and analytics.As part of the deal, Microsoft will provide LSEG with data analytics and cloud infrastructure products using its Azure, AI and Teams platforms, according to a statement on Monday.“With the Microsoft Cloud and its AI capabilities, the deal significantly advances LSEG’s strategy of building an efficient and scalable platform for its data and analytics business to deliver next-generation services . . . through improved workflow and greater flexibility,” the statement said.The stock exchange said the…

South Korean prosecutors believe that Do Kwon, the failed entrepreneur behind the $40bn implosion of the terraUSD and luna tokens, is hiding in Serbia, as they intensify their months-long global manhunt for the disgraced crypto king.They are seeking to co-operate with Serbian authorities to locate and detain him, according to the Seoul Southern District Prosecutors’ Office investigating the collapse of Kwon’s cryptocurrency operator Terraform Labs.Kwon has been charged with fraud and breaches of capital markets law in his home country after the collapse of his terraUSD and luna coins in May.Prosecutors said in October he had transited to an unknown…

Microsoft logo seen at their building in Redmond, Washington.Toby Scott | SOPA Images | LightRocket | Getty ImagesLONDON — U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange Group and took a near 4% stake in the U.K. bourse operator.The partnership involves next-generation data and analytics, as well as cloud computing products, according to a statement by the LSEG. It includes a new data infrastructure for the London exchange and analytics and modelling solutions with Microsoft Azure, AI, and Microsoft Teams.LSEG’s shares were up 4% in Europe on Monday.”This strategic partnership is a significant…

On December 12, Bitcoin broke through the upward channel at $17,000, allowing for more selling on the downside. Similarly, Ethereum has followed suit, emerging from an ascending triangle pattern on the downside to close below the $1,260 support level.Major cryptocurrencies were trading in the green early on December 12 as the global cryptocurrency market cap fell 1.07% to $846.24 billion on the previous day. Over the last 24 hours, the total crypto market volume increased 14.17% to $27.09 billion.Let’s take a look at the top 24-hour altcoin gainers and losers.Top Altcoin Gainers and LosersStacks (STX), Toncoin (TON), and Trust Wallet…

Two teenagers killed in Andahuaylas as police clashed with protesters who tried to storm the southern city’s airport, authorities say.At least two people have been killed in Peru after police clashed with protesters calling for new elections and the release of detained former President Pedro Castillo. The deaths on Sunday came as protests against Castillo’s impeachment and arrest expanded across Peru, most notably in northern and Andean towns. Castillo, a former school teacher and union leader, was removed from his post by legislators on Wednesday after he sought to dissolve Congress ahead of an impeachment vote. The former president was…

Freezing weather in northern Europe is causing severe travel disruption in some countries including the UK, with several London airports forced to close their runways and cancel many flights on Sunday night and into Monday morning.At Heathrow, the capital’s largest airport, departure boards showed several flights cancelled to European destinations on Monday morning, the day after more than 50 flights were cancelled due to fog.Stansted airport, north of London, tweeted on Monday morning that it “remains fully open and operational”, having said on Sunday night that its runway was “temporarily closed whilst we undertake snow clearing”.However, it appealed to passengers to…

Gareth Southgate is “conflicted” about his future as England manager. The 52-year-old said in the aftermath of the Three Lions’ 2-1 loss to France at the quarter-final stage of the World Cup that he needed a bit of time before deciding on his future as England boss. Southgate will – as with prior tournaments – review the World Cup with the FA in the coming weeks, but he has shrouded his future in doubt with his latest comments. World CupBeckham hails Kane as ‘true leader’ for stepping up to take second penalty13 HOURS AGO“I’ve found large parts of the last…

Dan Davies is a managing director at Frontline Analysts, and the author of Lying for Money, and co-author of The Brompton.Every publication of financial statistics ought to have the same picture on the cover — Goya’s “The Sleep Of Reason Produces Monsters”. It would help to deter the tidy-minded truth seekers who are reliably driven mad by the crazy world of financial accounting. People, for example, like Harvey Jones of the Daily Express, who reacted to the recent BIS Quarterly Review article on off-balance sheet FX forwards by concluding that “the world faces financial meltdown, with losses potentially exceeding the…