Articles by fiat-lux

8th July 2020

Deutsche Bank will pay a fine of $150 million to settle costs associated with Epstein operations

Deutsche Bank has admitted it made a “critical mistake” taking on the registered sex offender Jeffrey Epstein as a client, and agreed to pay a $150m fine to settle New York charges over its dealings with the late disgraced financier and two other [...]

8th July 2020

Thanks to the new cure for cystic fibrosis, I can plan a future that I thought I would never live to see

It’s been 15 weeks since I went into isolation to shield from Covid-19 – having cystic fibrosis (CF) put me in the high-risk category. I had expected this year to be a write-off but, after a devastating four months, 2020 may finally be looking [...]

7th July 2020

Hong Kong police gain wide powers under new security law

Hong Kong police have been granted sweeping new powers, including the ability to conduct raids without a warrant and secretly monitor suspects, after controversial security laws were imposed on the city by the Chinese central [...]

7th July 2020

Giant flywheel project in Scotland could help to stabilize the energy grid’s

A giant flywheel in north-east Scotland could soon help to prevent blackouts across Britain by mimicking the effect of a power station but without using fossil [...]

7th July 2020

Pret a Manger to close 30 stores and leave more than 1,000 people unemployed

Pret a Manger is to permanently close 30 branches and could cut at least 1,000 jobs after suffering “significant operating losses” as a result of the Covid-19 [...]

6th July 2020

From dusted-off bikes to electric dreams: Pandemic quickens improvements in sustainability

The queues were “absolutely crazy”, says Gavin Hudson, the owner of the cycle repair startup Butternut Bikes. As lockdown descended he began fixing old bikes in the parking lot of a Methodist church in north London, before moving his services to a furloughed pub in Crouch End. However, the surge in demand for [...]

6th July 2020

Former UN expert condemns Spain’s “completely inadequate” social protection system

The coronavirus pandemic has revealed the “utterly inadequate” state of Spain’s social protection system, according to a former UN poverty expert who is calling on the government to ensure its actions on basic rights “live up to the [...]

6th July 2020

This pandemic has revealed the futility of an orthodox economy

Even before the pandemic came along, the world economy faced a set of deepening crises: a climate emergency, extreme inequality and huge disruption to the world of work, with robots and AI systems replacing [...]

4th July 2020

Andrzej Duda plans to ban adoption by same-sex couples in a constitutional amendment

Poland’s president, Andrzej Duda, who is running for re-election in the conservative, Catholic EU member, said on Saturday that he wanted the constitution to explicitly forbid the adoption of children by same-sex [...]

4th July 2020

Luton Airport will fire up to 250 people

Luton Airport is to make up to 250 staff redundant in the latest jobs cull in the aviation sector. The airport, London’s fourth largest, has started consultations with unions to sack almost 30% of its workforce, forecasting a 70% drop in passenger numbers this year because of the coronavirus [...]

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