Hedge Funds hit out at London Metal Exchange over ‘conflicts-of-interest’ in nickel price fiasco June 8, 2022 The Managed Funds Association (MFA), a powerful Washington lobby group, has accused the London Metal Exchange (LME) of failing to manage its “conflicts-of-interest,” as the market faces mounting criticism over its decision to halt nickel trading last March. In comments submitted to the LME, the industry body which represents hedge funds with £2.6trn worth of [...]
Ofcom brings stronger protections for UK telephone boxes June 8, 2022 Stronger protections for public call boxes come into force today, despite the fact that 96 per cent of UK adults now own a mobile phone.
Amazon seizes more than three million counterfeit products as ecommerce giant cracks down on fraud June 8, 2022 Amazon has seized more than three million counterfeit products in the last year and referred more than 600 criminals for investigation as the tech firm tries to stamp out fraud. In its latest Brand Protection Report, the ecommerce giant revealed it has invested more than $900m and had more than 12,000 people—including machine learning scientists, software developers, and [...]
Bitcoin dominance increases as largest cryptocurrency outstrips alt coins June 8, 2022 The price of Bitcoin was back above $30k this morning, currently changing hands for around $30,500 after seeing a swift uptick last night.
1 Minute Market Rundown – 8th June 2022 June 8, 2022 | City Talk Trade the ExtremesCrypto Needs to Bounce Soon A generally quiet and rangy day for the markets which taught us little new but served to demonstrate the themes continue. All eyes are focused on the US CPI on Friday and the ECB on Thursday for clues to the relative interest rate paths. There is a little [...]
Video game giant Keywords Studios snaps up Age of Empires developer Forgotten as it eyes global expansion June 8, 2022 Video game provider Keywords Studios has snapped up development studio Forgotten Empires for $32.5m (£25.9m), cementing the firm's position as the 'go to' technical and creative services platform for the global industry.
Another one: Zopa Bank enters buy-now pay-later space June 8, 2022 Digital bank Zopa has entered the highly competitive buy-now pay-later (BNPL) space, following suit of tech giant Apple and on the toes of the likes of Klarna.
Customer demand drives post-lockdown rebound for office giant Workspace June 8, 2022 Workspace Group has revealed customer demand for its services has returned to pre-Covid levels, in a vote of confidence for City working.
Welcome (back) to Ibiza, as the Balearic prepares for its biggest summer yet June 7, 2022 The pandemic hit every tourism-focused economy hard, but few places felt the effects of Covid more starkly than Ibiza, an island that specialises in squeezing lots of hot and sweaty people into enclosed spaces. Two years of closures and uncertainty took their toll – almost half of the island’s GDP comes from tourism and visitor [...]
Online Safety Bill: Government called to water down executive influence on Ofcom June 7, 2022 The government have been urged to water down the powers of the Secretary of State in the Online Safety Bill, suggesting it threatens the legitimacy of the law moving forward.