Telegram boss Pavel Durov charged: What next for social media moguls like Musk and Zuckerberg? August 29, 2024 Like his recent collection of topless Instagram photos, Pavel Durov, the founder of Telegram, is probably feeling slightly exposed right now under the scrutiny of global powers. He has just been charged by French authorities for allegedly allowing criminal activity to flourish on his platform. Durov has avoided jail time for now, out on a [...]
How much could a UK bank windfall tax raise? August 29, 2024 The banking sector is considered an easy target for an energy-style windfall tax, with lenders enjoying record profits on the back of interest rate hikes from the Bank of England last year.
Tallest skyscraper outside London approved August 29, 2024 Plans to build the tallest skyscraper outside London have been approved by leaders in Manchester. Standing at 71 storeys and 213 metres tall, the skyscraper will surpass the height of the previous record holder outside London – Manchester’s Deansgate Square South Tower – which is 201 metres high. However the new skyscraper, which is to [...]
Starmer’s illiberal smoking restrictions are just the start August 29, 2024 Freedom cannot be entirely indexed to smoking, but an administration’s approach to tackling it says a lot about how they plan to govern, says Joseph Dinnage Imagine you and your colleagues have just finished a day of graft on the trading floor and you’re all looking to relax. What to do? You all rightly decide [...]
Angel fund backed by former Credit Suisse CEO and Bridgerton star raises over £8m August 29, 2024 An angel fund backed by the former CEO of Credit Suisse and Bridgerton actress Charithra Chandran has raised $10.9m (£8.3m) in its first close. The Arāya Super Angel Fund, run by Arāya Ventures, is set to invest in up to 60 pre-seed and seed stage founders over the next four years in health tech, fintech, [...]
Uber partners with Wayve to offer self-driving rides August 29, 2024 Uber has already announced tie-ups with self-driving group's Waymo and Cruise this year as it pushes into the nascent autonomous vehicle market.
Regulator set to postpone UK bank capital reforms until at least January 2026 August 29, 2024 The UK’s main banking regulator is reportedly planning to delay the latest series of bank capital reforms as it monitors how the rules are developing in the US. The Bank of England’s Prudential Regulation Authority (PRA) is set to delay its entire Basel 3.1 package until at least January 2026, with an official announcement expected in the [...]
London hotel occupancy rates return to pre-Covid levels but services inflation fears fueled August 29, 2024 London hotels enjoyed another strong month in July as occupancy rates finally ticked back up to peak occupancy levels seen in summer 2019, but it’s not all rosy for the industry. London occupancy reached 89.3 per cent, up on 84.6 per cent last year and back to peak occupancy levels seen in July 2019. Despite [...]
Signs of ‘recovery and stability’ surface for Britain’s SMEs August 29, 2024 Signs of 'recovery and stability' for Britain's small and medium-sized enterprises (SMEs) have surfaced amid an increase in broker optimism.
Stake in Lewis Hamilton’s non-alcoholic spirit Almave bought by Pernod Ricard August 29, 2024 A stake in Lewis Hamilton’s non-alcoholic tequila alternative has been snapped up by spirits giant Pernod Ricard. Pernod Ricard did not disclose the size of its investment in the brand but did confirm that it was a minority stake. Seven-time Formula One world champion Lewis Hamilton co-founded the brand, alongside drinks incubator business Casa Lumbre [...]