EU to investigate Nvidia’s $54bn purchase of Arm – CityAM : CityAM August 27, 2021 Brussels is preparing to open an investigation into Nvidia’s acquisition of Arm as a result of competition concerns. Nvidia plans to notify the EU of its intention to purchase Cambridge-based technology company Arm in the first week of September. Two sources with detailed information of the process told the Financial Times that when Nvidia officially [...]
Exclusive: As workplace confidence in bosses tumbles, external consultants thrive August 26, 2021 In a time of tremendous ambiguity, the Covid-19 pandemic has forced business leaders to act urgently in moments of crisis as they have to make decisions in a heartbeat since circumstances and regulation keep on changing. Yet, with new data from the London Business School estimating that Covid-19 has left around 16m jobs in a precarious position, it is far from certain that business [...]
Azores and Canada added to green travel list, Thailand demoted to red list – CityAM : CityAM August 26, 2021 The Azores, Canada and Denmark have been added to the government’s green travel list, while Thailand and Montenegro have been shifted to the red list, the Department for Transport confirmed today. Switzerland has also been added to the green travel list. Finland, Liechtenstein and Lithuania were also added. Also Read: Travel traffic light update: Which [...]
End of the road: Soho’s al fresco festival to end in September August 26, 2021 It has been one of the few positives to come out of the Covid-19 pandemic, but as the virus recedes it appears so will Soho’s al fresco revival. Westminster City Council has informed businesses that traffic will be re-introduced to Soho’s streets at the end of September, bringing to an end the weekend and evening [...]
Simon Nixon tells Seek Ventures to ramp up Bitcoin investment August 26, 2021 Simon Nixon – the brains behind MoneySupermarket.com – has given the green light for his venture capital firm to rapidly escalate its interests in crypto assets.
Rally flags, but fundamentals still look strong August 26, 2021 The crypto market is down again this morning after an impressive rally that’s seen Bitcoin gain around 70 per cent in a month.
Kabul airport chaos: Waiting Afghans say water costs $40 August 26, 2021 Afghans gathered near Kabul airport said yesterday that they faced miserable conditions as thousands wait to flee the country. Watch the full report.
Barclays invests £294m to expand India operations – CityAM : CityAM August 26, 2021 Barclays has announced plans to invest more than 30bn rupees (£293.9m) in its India unit to expand operations. The infusion of capital will enable Barclays, which has operated in the Asia Pacific region for 50 years, to grow its Corporate and Investment Banking and Private Clients businesses. Barclays offers financing, advisory and risk management services [...]
Britain and it’s allies must not use the IMF’s new special drawing rights to heap more debt on poor countries – CityAM : CityAM August 26, 2021 In 2008, the IMF created Special Drawing Rights (SDRs) – an international reserve asset used to supplement member countries’ official reserves – in response to the global financial crisis. This week it has done so again with a new target in mind: coronavirus. The IMF estimates ending the pandemic could inject $9tn into the global [...]
Judges announced for next month’s Crypto AM Awards 2021 August 25, 2021 Introducing the judges for September's Crypto AM Awards 2021.