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Cobalt risk to electric cars

The general adoption of electric cars face a further problem in accessing cobalt, it was disclosed in June 2019. To meet the UK government 2035 target fof 2.3 million electric cars would require the UK to import 15,600 tonnes of cobalt. The whole of Europe currently imports 19,800 tonnes. More than 60% of the world's cobalt comes from the Democratic Republic of Congo (DRC). where production ...
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One black friend

Advertisers have been warned about "one black friend" advertising. This is where advertisements feature one black person. This leads to charges of tokenism. Only 28% of BME group believe they are fairly represented in advertising. [19.06]
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Tax battle blamed for stage fright

In June 2019, the actor Robert Glenister said he froze with stage fright in 2017 because of a tax demand. He was appearing in a West End production of Glengarry Glen Ross. He had been ordered to pay £150,000. After he lost a case and appeal about providing his services through a personal services company (PSC). Glenister also revealed to the theatre website The Stage that he is taking medica...
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Welsh MP unseated

Chris Davies became the second MP to be removed by a constituency petition. Davies was the Conservative MP for Brecon and Radnorshire in Wales. In March 2019, Davies was convicted of issuing a fake invoice in relation to photographs taken for the 2015 election. This was the first prosecution under Parliamentary Standards Act 2009. This automatically triggered a recall petition. If at least 1...
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Terrorist parents convicted

The parents of Jack Letts, known as Jihadi Jack, were convicted on 21 June 2019 of funding terrorism. They sent money to their son Jack Letts who went to Syria and joined the terrorist group Islamic State or ISL. They said they sent him money, as any loving parent would, to help get their son out of Syria. His parents knew he had converted to Islam. They believed he had travelled to the Middle ...
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Bank of Scotland fined £45 million

Bank of Scotland was fined £45.5 million on 21 June 2019 for failing to alert authorities to indications of a major fraud. This led to six people being imprisoned. The Financial Conduct Authority said that the bank knew that Lynden Scourfield, head of the bank's impaired assets team in 2007, was sanctioning lending beyond his authority, but failed to act properly. Bank of Scotland became par...
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Renewables exceed fossil fuels

In the first five months of 2019, more electricity was generated from non-fossil fuels than from fossil fuels. This is the first time this happened since power stations were established in the 19th century. In this period, non-fossil flues were 6% imports, 18% nuclear and 24% renewables. Fossil fuels were 3% imports, 3% coal and 41% gas. In a decade, coal has fallen from 30% to 3%. Wind p...
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Barclays head cleared

On 21 June 2019, John Varley, former chief executive of Barclays Bank, was acquitted on charges of conspiracy to commit fraud. Three other defendants in the case face a retrial. The Serious Fraud Office accused them of secretly paying £322 million to secure investment from Qatar during the financial crisis of 2008. [19.06]
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Neil Woodford’s fund

On 3 June 2019, stock picker Neil Woodford took the unusual step of banning investors from removing cash from his £4 billion Woodford Equity Income Fund. No date has been given as to when funds will be released. He had received hundreds of requests for withdrawals in recent months. This includes withdrawals of £560 million in four weeks, as investors start to panic. Woodford said he intended...
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Romance fraudsters

Romance fraud uses dating websites to con people out of at least £50,000 last year according to Action Fraud. Typically the fraudster lets the relationship develop before asking for money for sick relative or to travel. Most male phoneys said they were 50. Common false occupations were soldier or engineer. Female phoneys said they were 30, and were carers or students. Many of the fraudsters ...
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