Zoom launches events platform as it targets virtual conferences May 19, 2021 Zoom is launching a new platform dedicated to events as the video calling app looks to target the virtual conference market. Zoom Events, which will be available this summer, combines the functions of the company’s meetings, chat and video webinar services into one one place. It will allow event organisers to produce ticketed, live events [...]
Inter Milan close to €275m bailout by private equity firm Oaktree May 19, 2021 Inter Milan is said to be closing in on a €275m (£237m) bailout by US private equity firm Oaktree Capital to shore up its finances following the collapse of the European Super League. As part of the deal, Oaktree would take a 30 per cent stake in the Italian football team and provide a much-needed [...]
UK tech industry grows tenfold in last decade as London leads Europe May 19, 2021 The UK tech industry has expanded tenfold over the last 10 years as London continues to close the gap on Silicon Valley. Between 2010 and 2020 the number of British unicorns — private tech firms valued at more than $1bn — grew from eight to 81, while the number of companies nearing unicorn status also [...]
Biden charges up $174bn electric vehicle plan in Michigan speech May 18, 2021 US President Joe Biden today called for government grants for new battery production facilities as he made the case for his $174bn (£123bn) electric vehicle plan today. During a speech at a Ford electric vehicle plant in Michigan, Biden vowed to “set a new pace” for the technology and reverse what he described as the [...]
Deutsche Bank taps US general counsel to lead white collar crime unit May 18, 2021 Deutsche Bank has tapped its US general counsel to become global head of anti-financial crime and group anti-money laundering officer, the lender said today. In a memo to employees seen by Reuters, the German banking giant said Joe Salama would head up its efforts to crack down on white collar crime. Deutsche Bank has come [...]
James Ibori: UK returns £4.2m of jailed politician’s stolen assets to Nigeria May 18, 2021 The British government has handed back around £4.2m in assets stolen by a former Nigerian governor to his home country. James Ibori, who was governor of the oil-rich Delta State from 1999 to 2007, was convicted at Southwark Crown Court in 2012 on 10 counts of fraud and money laundering. He was sentenced to 13 [...]
Robinhood poised to publish IPO filings ‘as soon as next week’ May 18, 2021 Trading platform Robinhood is reportedly preparing to publish filings for its initial public offering as soon as next week as it gears up to go public next month. The commission-free app, which saw its popularity surge following a retail trading frenzy during the pandemic, is targeting late June for its float, Bloomberg reported. The filings [...]
Stream team: How Discovery and Warner Media plan to take on Netflix May 18, 2021 It was a plot hatched in the utmost secrecy. After striking up a rapport over their shared interest in golf, Discovery chief executive David Zaslov and AT&T boss John Stankey devised a plan to merge their media assets, shaking up the world of streaming in the process. Following a few whirlwind months of negotiations, which [...]
London e-scooter trial to launch in the City next month May 18, 2021 London’s trial of rental e-scooters will begin next month, it has been confirmed, with the City and Canary Wharf among the first areas to test the transport system. The financial hubs have been tapped alongside a core group of boroughs to take part in the trial, which will begin on Monday 7 June. More areas [...]
Harley-Davidson shares drive up to three-year high on trade truce May 17, 2021 Shares in Harley-Davidson revved up to a three-year high today after the EU suspended an increase in retaliatory tariffs on its motorbikes as part of a trade truce with the US. The EU had threatened to double tariffs on Harley’s bikes, American-made whiskey and power boats to 50 per cent from next month in retaliation [...]
