Cathie Wood: Low rates and quantitative easing drive interest in Bitcoin February 25, 2021 Cathie Wood, the well-known U.S. investor and founder of Ark Investment Management, said today that Bitcoin is in its “early days” given its diverse use cases. However, Wood emphasised Bitcoin’s potential as a hedge in a global economy of low rates and quantitative easing. “The dollar is down which is normally a positive cue for [...]
Tesla temporarily freezes production at California assembly plant February 25, 2021 Tesla, Elon Musk’s electric vehicle company, has told workers it will temporarily freeze parts of production at its assembly plant in California. Workers on a Model 3 production line in the California-based Fremont factory were told their line would be down from Monday until 7 March, according to Bloomberg. Impacted staff expected to take holiday [...]
UK-EU meeting on Northern Ireland fails to produce breakthrough February 24, 2021 Frustrations all around as Arlene Foster's talks with the EU end with no breakthrough over trade issues
More than a dozen companies exit $11bn Nord Stream 2 project to avoid US sanctions February 24, 2021 Baker Hughes Co, AXA group and 16 other companies have stopped working on Russia’s Nord Stream 2 natural gas pipeline to avoid US sanctions, according to multiple media reports this evening. Russian energy company Gazprom and its partners are in the process of building an $11bn pipeline that will supply natural gas from Russia directly [...]
French actor Gerard Depardieu charged with rape: AFP February 23, 2021 French actor Gerard Depardieu is under Judicial supervision after being charged with rape in December 2020
Alex Salmond will not appear before MSPs tomorrow following redacted deposition February 23, 2021 Alex Salmond will not give evidence tomorrow to MSPs who currently investigate how the Scottish government handled complaints against the former Scottish first minister. Initially scheduled to testify tomorrow, Salmond’s decision comes after parliament withdrew and then republished a redacted version of one of the politician’s depositions to the inquiry. Salmond’s lawyers described the parliament’s [...]
Tiger Woods rushed to hospital following car crash, currently in surgery February 23, 2021 Golfer Tiger Woods was rushed to hospital today after sustaining multiple leg injuries in a car crash. Woods is currently in surgery, his agent told Golf Digest, having sustained extensive leg injuries. The crash took place in Los Angeles. According to statement from the Los Angeles Country Sheriff’s Department, the crash took place at around [...]
Elon’s Bitcoin bet hands Jeff Bezos back title of world’s richest person February 23, 2021 Elon Musk is now merely the second richest person alive, after the eccentric entrepreneur’s Tesla ploughed $1.5bn dollars into Bitcoin, which has plummeted in value in recent days. Tesla’s share price has fallen around 25 per cent from its peak, amid sell-off of high-flying technology stocks. Tesla’s fall was compounded still by the fall in [...]
Shaun Bailey: Mayor’s £70m Good Growth Fund created only 109 jobs since 2017 February 23, 2021 Mayor Sadiq Khan faces criticism from Shaun Bailey over Good Growth Fund which has only produced 109 jobs
Mike Ashley’s Frasers Group to take £100m hit on lockdown restrictions February 23, 2021 Frasers Group, the retail empire owned by Sports Direct founder Mike Ashley, announced this morning that it expects to take a £100m hit due to lockdown restrictions. The retailer, which also owns House of Fraser and Jack Wills, said the length of the current lockdown, potential changes to consumer behaviour and the risk of future [...]