Bitcoin rises to $50k again as Wall Street drops amid inflation fears October 5, 2021 Bitcoin - the leading cryptocurrency - is currently trading at around $50,200, up almost six per cent over the past 24 hours.
Exclusive: Pandemic has exposed lack of data literacy amid growing digital skills gap October 5, 2021 Throughout the coronavirus pandemic, key decisions have been made hastily and without the use of data, according to a new survey among thousands of key decision makers across the UK. which was shared exclusively with City A.M. The study shows widespread concerns about data skills despite the vast majority of C-suite executives (75 per cent) [...]
Sinic Holdings becomes latest firm to get caught up in Evergrande’s downward spiral October 5, 2021 Sinic Holdings has become the latest firm to be caught up in the downward spiral set off by Evergrande, the Chinese behemoth considered too big to fail by market analysts. Fitch ratings downgraded Sinic today after it defaulted on its debt interest payment. The firm is uncertain to honour a $246m bond repayment due later [...]
Debenhams launches marketplace powered by the firm behind Boohoo’s site – CityAM : CityAM October 5, 2021 Debenhams has launched a new online marketplace, powered by the same firm behind Boohoo’s website. It comes after Debenhams, once a historic high street staple in the UK, ended up another casualty of the pandemic that drove shoppers to the digital sphere. Also Read: Boohoo to bolster Debenhams stores and e-commerce sites in the Middle [...]
Sinic Holdings becomes latest firm to get caught up in Evergrande’s downward spiral – CityAM : CityAM October 5, 2021 Sinic Holdings has become the latest firm to be caught up in the downward spiral set off by Evergrande, the Chinese behemoth considered too big to fail by market analysts. Fitch ratings downgraded Sinic today after it defaulted on its debt interest payment. The firm is uncertain to honour a $246m bond repayment due later [...]
What’s next for food delivery following the junk food ad ban? October 5, 2021 It’s been a confusing 12 months for UK food advertisers. First, there was the proposed ban on junk food TV advertising before the 9pm watershed. Then there was the announcement of more sweeping measures to obliterate online junk food advertising in the UK. Just a few months later, relief swept the food and drink industry [...]
Facebook shaken after its longest downtime in years with billions of users impacted October 5, 2021 Social media platform Facebook has come back up after suffering a six hours long outage crippling its nearly 3bn users globally. The technical glitch affected Whatsapp and Instagram too, both owned by Facebook. According to Downdetector, a portal that keeps track of major service outages, this was the longest lasting downtime reported by Facebook since [...]
Bitcoin could still hit $100,000 by the end of 2021 – and here’s why… October 5, 2021 I’m confident that, if the current momentum in prices continues, we could see the Bitcoin price hit to-date unknown highs of $100,000, writes Nigel Green
City insider Helena Morrissey urges investors to dump China stocks – CityAM : CityAM October 5, 2021 City insider Baroness Helena Morrissey has called on investors to ditch their stakes in Chinese companies due to the accusations of human rights abuses in the country. Morrissey, a chair for AJ Bell, also criticised HSBC and the City of London Corporation for their stance on China, as the bank alongside Standard Chartered, had last [...]
Michael Gove vows to enact ‘real change’ on a local level to fulfil levelling up agenda – CityAM : CityAM October 4, 2021 Michael Gove, the newly appointed Housing Secretary, attempted to finally add flesh to the bones of the levelling up agenda at Conservative Party Conference yesterday. In his keynote speech in Manchester, Gove, the head of the freshly renamed department for Levelling up, Housing and Communities vowed to provide “real change” for downtrodden regions of the [...]