Explorer DECODED
Latest edition: 23 May 2024
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Spotlight
Online car retailer Cazoo files for administration in UK
British online used car retailer Cazoo Group will appoint administrators, it said in a regulatory filing this week, as it starts a voluntary liquidation process.
Latest news
FCA name and shame enforcement proposals challenged
Last year, the Financial Conduct Authority appointed new joint heads of enforcement and market oversight: FCA veteran Therese Chambers and Steve Smart from the National Crime Agency. According to the FCA, both appointees would play ‘a vital role’ in expanding its enforcement and market oversight leadership team as part of the agency’s three-year strategy to reduce the growth of financial crime.
Explainer: does Microsoft's Recall pose a security risk?
Ahead of its annual developer conference, Build, Microsoft released a range of AI PCs and new AI services powered by its Copilot assistant. However, one of the most controversial features, Recall, is now the target of a potential investigation by the UK data watchdog.
Analysis: gold prices hit all-time high as Iran's president dies
Gold prices reached $2,348.5 per troy ounce following President Raisi’s death and news of Saudi King Salman’s illness.
OMV warns Gazprom may suspend gas supply to Austria
Austrian oil and gas company OMV has announced the potential suspension of its gas supply from Gazprom, linked to a foreign court's decision.
NormanMax, Apollo launch parametric insurance Syndicate 3939
US-based NormanMax Insurance Holdings, in collaboration with integrated insurance company Apollo, has launched Syndicate 3939, which will focus on natural catastrophe parametric reinsurance solutions.
Construction underway on 67-unit affordable housing in Menands
Construction has commenced on a 67-unit affordable housing development at 35 Broadway in the village of Menands, New York, US.
Baltic States propose 2.5% Nato defence spending target, ACDC
The meeting of Baltic States Defence Ministers contained discussions for further strengthening regional cooperation with the joint procurement of naval vessels, and armaments for the Baltic defence line.
US planning China EV import tariff hikes from 1 August
The US Government is still planning large increases to import tariffs on an array of China-made products including electric vehicles and major components. The federal ‘Office of the US Trade Representative’ (USTR) has set a date of 1 August for implementation of the new rates.
Biogen enters deal to acquire HI-Bio for $1.8bn
Biogen will bolster its pipeline with felzartamab, a promising immunology asset, through the acquisition.
Bakkavor snaps up Moorish houmous brand
UK-headquartered fresh prepared foods manufacturer Bakkavour has acquired local houmous dips brand Moorish.
In our previous edition
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