French regulator fines Google €220m over advertising practices June 7, 2021 Google has agreed to pay €220m to settle a French investigation over its abuse of power in online advertising. The French Competition Authority said Google has been unfairly sending business to its advertising server and its online advertising auction house, at an unfair advantage to its rivals. It came after a complaint lodged by Rupert [...]
Social distancing in pubs, home working and face masks likely to continue after 21 June June 4, 2021 The Government is reportedly revising its roadmap out of lockdown, with plans to keep restrictions in place in pubs and restaurants amid concerns over new coronavirus variants. Social distancing in hospitality venues, working from home and masks on public transport could all remain in place after the so-called “Freedom Day” on 21 June, senior government [...]
Donald Trump banned from Facebook for at least two years June 4, 2021 Former US President Donald Trump has been banned from Facebook until at least 2023 after months of debate. The social media company’s independent oversight board upheld Trump’s decision last month, which was enforced in the wake of the Capitol riots over concerns his posts were inciting violence. However the board ruled the decision was “not [...]
G7 nations ‘one millimetre away’ from agreement on global tax deal June 4, 2021 The G7 nations are close to agreeing a historic global taxation deal after finance ministers met for the first time today. Finance ministers from the countries met for the first time since the start of the pandemic with plans to close the net on large corporates which do not pay their fair share of tax [...]
These are the 30 hottest black-led companies according to Google’s startup team June 3, 2021 With less than 0.25 per cent of VC funding going to black-led startups there is a serious disparity in the startup ecosystem. Just 38 black founders received VC funding in the past year despite there being a surge in activity during the pandemic. Now Google wants to try and plug that gap by investing $2m [...]
Former Wise employees to launch commission-free investment app after $1.5m round June 3, 2021 Two early Wise employees are capitalising on the rising demand for commission-free investment apps and have today announced a $1.5m pre-seed round for their own app. Lightyear, founded by Martin Sokk and Mikhel Aamer, claims to blend multi-currency accounts with unlimited access to markets without hidden fees or charges. It has today launched its waiting [...]
Prosus snaps up Stack Overflow in $1.8bn edtech deal June 2, 2021 Prosus has bought Stack Overflow, an online community for software developers, in a $1.8bn deal as it seeks to capitalise on the demand for online learning. Prosus is one of Europe’s most valuable tech companies and investors and is the largest shareholder in Chinese tech giant Tencent. It is its first acquisition in the edtech [...]
Exclusive: Europe’s first travel ETF to list in London this month June 2, 2021 Europe’s first travel and leisure ETF will launch in London later this month, as the industry starts to bounce back from the devastating impact of the pandemic. The Airlines, Hotels and Cruise Lines UCITS ETF will list on the London Stock Exchange in June and will be passported for sale across Europe, City A.M. can [...]
Bank of England Governor Andrew Bailey doubles down on climate plans June 1, 2021 The Bank of England Governor has doubled down on promises to carry out policies to help the UK shift to a net zero economy, but warned it was not regulators’ role to enforce change. Central banks have started to outline plans to help steer the path for economies and financial systems as they transition to [...]
Bank of England carefully monitoring rising house prices, says Cunliffe June 1, 2021 The Bank of England is carefully monitoring the rise in house prices which has been largely fuelled by the extension of the stamp duty holiday. A year ago activity in the housing market collapsed in the wake of the first lockdown with transactions dipping to a record low of 42,000 in April 2020. Since then [...]
