Elon Musk’s Twitter antics pushes Tesla’s $23m loss in Bitcoin assets July 27, 2021 Tesla’s lofty revenue, which surpassed analyst expectations today, has been offset by a $23m loss over Bitcoin which pushed the electric carmaker to dial back its investments. Elon Musk’s carmaker did not buy or sell any digital assets in its second quarter, as it dialled back investments after purchasing some $1.5bn in Bitcoin in the [...]
Tesla shifts gear with $11.9bn revenue despite Bitcoin investment losses July 27, 2021 Elon Musk’s electric carmaker Tesla has edged past analyst forecasts with an $11.9bn revenue in its second-quarter trading, up 98 per cent year on year. Tesla also pulled in $1.1bn in net profits in the 12 weeks to 26 July, the first time it has topped $1bn in a single quarter. While the revenues are [...]
`Your network is your net worth´: seven tips to propel your career July 27, 2021 | City Talk My thought leadership speaking tours to the Middle East and Europe were postponed. To convince the organizers to host their events online, I went on a shopping spree and bought all kinds of audio and video equipment just before the first lockdown in Singapore. It wasn’t just me. Everyone, from students to senior professionals, needed [...]
Criminal Commission consider report alleging Tom Hayes was wrongfully convicted for Libor rigging July 26, 2021 An academic paper that claims Tom Hayes was wrongfully convicted for rigging Libor interest rates is under review by the Criminal Cases Review Commission (CCRC). It’s the latest development in an ongoing inquiry by the CCRC – the body responsible for investigating suspected miscarriages of justice – into the former trader’s case. The CCRC confirmed [...]
Ofcom targets Musk’s SpaceX and Oneweb with satellite rule revamp July 26, 2021 Ofcom has outlined proposals for tighter rules on the satellite broadband sector in a move that would impact Elon Musk’s SpaceX and British rival Oneweb. Space X and Oneweb are racing to launch constellations of low-orbit satellites that will provide high-speed broadband services to remote rural locations worldwide. While the systems can bring faster speeds [...]
S4 Capital snaps up Salesforce specialist Destined July 26, 2021 S4 Capital has snapped up a marketing firm specialising in Salesforce as Sir Martin Sorrell’s ad firm targets further expansion in the aftermath of the pandemic. The London-listed company said it will merge with Australia-based Destined with its data division Mightyhive in a bid to bolster its presence in Asia Pacific. Destined, which is a [...]
Health secretary Sajid Javid makes ‘full recovery’ from Covid July 24, 2021 Sajid Javid today said he had made a “full recovery” after testing positive for coronavirus a week ago. In a tweet the health secretary said he had recovered from the virus and encouraged Brits to get their jabs. “Symptoms were very mild, thanks to amazing vaccines,” he wrote. “Please — if you haven’t yet — [...]
Tory poll lead collapses amid tax hike revolt July 24, 2021 The Conservative Party’s lead in the polls has slumped to its lowest in more than six months as Prime Minister Boris Johnson braces for a revolt over tax rises. The Tory margin over Labour has fallen from 13 percentage points to just four, according to a Yougov survey conducted this week for the Times. The [...]
Screenshot: Have Bezos and Branson ushered in a new era of space tourism? July 23, 2021 This week **Media Moment of the Week: Badger, mushroom, snake **Have Bezos and Branson ushered in a space tourism boom? **No more chill for Netflix Media Moment of the Week: Badger, mushroom, snake Want to feel old? The iconic animated badger video (you know the one) is now almost 18 years old. Aside from lamenting [...]
EY Parthenon brings on former government advisor Mats Persson as partner July 22, 2021 EY has announced the appointment of Mats Persson, a former chief of staff to Sajid Javid, as a partner in its strategy and transactions business. Persson had already been acting as an independent advisor over the last year, designing strategies for transport and energy companies, the auditing giant said in a statement published last week. [...]