Railway strikes in the UK have halted services throughout July and Augst 2022.
Sony, owners and creators of the gaming sensation PlayStation, have been hit with a lawsuit with a possible £5 billion pay out.
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The UK government has once again extended its trade sanctions with Russia.
The UK underwent a record-breaking heatwave in July with another hitting the country in August.
The UK has blocked a Chinese company from purchasing intellectual property from the University of Manchester using its powers under the National Security and Investment Act.
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In the wake of the coronavirus pandemic, oil companies around the world have been buffeted by decreased demand and mounting debt. As OPEC forecasts a 6.4 million barrel per day downtick in the global demand for oil, the route out of the crisis for oil producers appears to be a treacherous one.
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Gazprom have stated that they will sue Germany over the decision not to exempt their gas pipeline from EU competition standards under the EU Third Energy Package. The EU package prohibits energy monopolies and the supplier of gas from also owning the pipeline. This is intended to improve the functioning of the internal energy market and resolve certain structural problems.
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In 2016 two lawsuits were filed against singer/songwriter Ed Sheeran claiming copyright infringement on Marvin Gaye’s “Let’s Get It On” by Ed Townsend’s heirs (co-writer), and a company called Structured Asset Sale who hold shares in the song’s copyright. Both claimed Sheeran lifted a number of musical elements from their song and placed them in his 2014 release “Thinking Out Loud”.
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SpaceX is the first private company to launch humans into orbit. Bob Behnken and Doug Hurley were the first to fly in the SpaceX Dragon Capsule on top of the Company's Falcon 9 rocket. The delayed launch on May 30th at 3.22 pm has provided the country a 'morale boost' since the past few months of unrest, the financial times reported.
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Lufthansa has accepted the €9billion bailout deal, as the latest EU’s approval on State aid after those to major European airlines such as Air France and SAS Scandinavian. Meanwhile, Ryanair CEO O'Leary has filed complaints to the EU about these discriminatory government support against competition rules.
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KPMG, one of the Big 4 accounting firms has been facing heat during the past few weeks over allegations of being negligent on the Carillion group’s accounts. The claim has been brought forward by liquidators working for the United Kingdoms (“UK”) Government, making this is the first time that such a claim has been made in this country.
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China has announced to the World that it would impose a national security law on Hong Kong. From the outset, this legislation is a threat to Hong Kong's liberties. At LawMiracle, we believe that such forceful implementation will affect the territory's attractiveness as a business and economic powerhouse.
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The cash flow of SME’S is frequently depleting due to disruptions in supply chains and sales while managing fixed recurring costs. At LawMiracle, we believe the use of digital complementary currency (CC) seems likely to be one of the few viable ways the SME’s can offset the impact of COVID-19.
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The economic activity in the United Kingdom and all over the world has declined drastically amid the global health emergency caused by coronavirus. Andrew Bailey, the Bank of England (BOE) governor, has stated that there would be a V-shaped recovery of the economy as Britain would bounce back faster than from the 2008 global financial crisis.
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The COVID-19 outbreak is affecting 210 countries and territories around the world and two international conveyances. The pandemic has resulted in a global economic shock as the world’s largest economies are divided by trade disputes. There has been a dramatic fall in global stock prices and bond yields. The disruption in the economy is likely to result in a recession, which will potentially result in a currency war between the countries.
