Brazil’s Buffett-backed Nubank eyes $55bn valuation ahead of US IPO August 26, 2021 Brazil’s digital bank Nubank is reportedly eyeing a $55.4bn valuation ahead of its initial public offering (IPO), as Brazilians look beyond traditional lenders. If Brazil’s most prominent digital bank is listed at a market cap greater than its largest tradition bank Itau Unibanco, Nubank would shoot up the ranks towards international high flyers like the [...]
Afghanistan: G7 leaders prepare for emergency meeting as evacuation deadline looms August 24, 2021 G7 leaders are under pressure to present a united front at an emergency meeting this afternoon on the crisis in Afghanistan. Leaders of the UK, US, Canada, France, Italy, Germany and Japan are to discuss how to coordinate their response to the crisis. The online talks chaired by UK Prime Minister Boris Johnson will also [...]
JP Morgan boss Jamie Dimon plans first UK visit since Covid hit August 23, 2021 JP Morgan chief executive Jamie Dimon will visit London next month for the first time since the coronavirus outbreak. The trip could result in fresh momentum for workers to return to the City as the banker has advocated for office-working. The Wall Street banking boss will meet clients and staff after an initial scheduled trip [...]
Treasury refuses to bankroll Michael Gove’s single government login proposal August 21, 2021 Michael Gove’s plan to give every adult a single login for online interactions with the government, could be stalled by a funding dispute with the Treasury, according to reports. The Cabinet Office’s proposed plan, dubbed “one login for Government”, would result in people logging into a single online interface to conduct a host of activities [...]
Elon Musk says Tesla is developing humanoid robot that can ‘eliminate dangerous and boring tasks’ August 20, 2021 Elon Musk has said Tesla is aiming to launch the prototype of a humanoid robot called “Tesla Bot” next year. Musk added that the robot would “eliminate dangerous, repetitive, boring tasks.” Watch the full report.
Watch: Elon Musk’s satellites beam internet into Chilean boy’s life August 20, 2021 A school in the small remote fishing hamlet of Sotomo, Chile, is the beneficiary of a pilot internet program run by Starlink, a division of Elon Musk’s SpaceX. Watch the full report.
Mayor Khan pushes ahead with controversial Thames tunnel plans August 18, 2021 Mayor Sadiq Khan is pushing ahead with construction plans for the East End’s fourth and most controversial road river crossing. Construction of the £2bn Silvertown tunnel is well-underway and set for completion in 2025. The tolled road tunnel will span between the Royal Docks precinct and Greenwich peninsula, falling within the Ultra Low Emissions Zone [...]
Six children and one parent injured after Tesla collides with pedestrians in British public school car park August 17, 2021 Six school children and a parent have been taken to hospital after they were hit by a Tesla car in the school car park of Ardingly College in West Sussex. One of the children was reportedly flown to hospital with serious injuries after the incident involving a blue Tesla Inc Model 3 car, during a [...]
Nicola Sturgeon’s sister arrested and charged over ‘domestic incident’ August 16, 2021 Gillian Sturgeon, the sister of Scottish First Minister Nicola Sturgeon has been arrested and charged over an alleged domestic incident. Gillian Sturgeon, 46, was arrested on Wednesday over an alleged incident at a house in Kilwinning, North Ayrshire, on 7 August. The mother-of-two has been released on an undertaking to appear at Kilmarnock Sheriff Court [...]
Elon Musk sets sights on October opening for new Tesla Berlin factory August 13, 2021 Tesla hopes to make the first cars at its new gigafactory near Berlin in October or soon afterwards, boss Elon Musk has said. The electric car giant has pushed back its planned opening of the plant to late 2021, blaming German bureaucratic hurdles. The £5bn project has also come under fire from locals due to [...]