Binance CEO calls for fundamental crypto rights November 17, 2021 Binance, the world’s largest crypto exchange by trade volume, has published a list of “fundamental crypto rights” as it faces increased regulatory pressure. Binance’s chief executive Changpeng Zhao, who goes by the name ‘CZ’, is signalling his support for greater crypto regulation with the publication of a list of guidelines which he hopes will underpin [...]
Barclays faces top investor backlash over Staley exit package November 17, 2021 Barclays is facing a backlash from top shareholders over former chief Jes Staley’s exit package. Investors have voiced their distaste privately at the £2.4m in pay given to Staley after he quit his role as chief executive of the British bank to contest the findings of a probe into whether he inaccurately described his relationship [...]
Retailers to lose £5.6bn due to supply chain nightmares November 17, 2021 Retailers are set to lose £5.6bn after reporting heavy losses due to supply chain disruption. According to Coupa Software’s survey of around 600 supply chain leaders at retailers across Europe, retailers anticipate losses of up to 20 per cent. Supply chain issues have been blamed, with UK retailers estimating an average loss of 5.7 per [...]
Energy storage developer eyes £350m valuation in London IPO November 17, 2021 Electrical energy storage developer Superdielectrics is set to list in London in the coming weeks, in hopes of boosting its valuation to £350m. The company is also intending to raise £20m in the December float, to help develop tech to build “environmentally benign” electrical energy storage devices for the sustainable energy and transport system push. “We [...]
Cudos and Tingo join forces to unleash potential of $90 million in passive income November 17, 2021 Mobile fintech pioneers Tingo and blockchain oracle network Cudos have just announced a massive partnership as a mission to tackle poverty through monetising mobile phone applications.
CMA to open EV charging competition on motorways November 17, 2021 The UK Competition and Markets Authority (CMA) is set to open up a competition for electric vehicle charging on motorways. Citing the necessity for drivers to have “a greater choice of chargepoints where they need them”, the CMA has set established for competing firms to offer legally-binding assurances, also known as commitments. For its part, [...]
‘Mish-conduct’: Johnson hammers Starmer over previous paid legal work November 17, 2021 Boris Johnson has tried to put Sir Keir Starmer front and centre of Westminster’s sleaze scandal as he called the Labour leader out for previous legal work he has done while sitting in parliament. Johnson repeatedly hectored Starmer in Prime Minister’s Questions (PMQs) today over £25,000 of legal work he did at the end of [...]
China’s Baidu pulls in near $5bn revenue as AI turnover surges November 17, 2021 Internet services giant Baidu pulled in nearly $5bn in revenue in its latest quarter, climbing past analyst forecasts, despite China’s ongoing technology crackdown. Revenue jumped 13 per cent year on year to $4.95bn, while it secured $358m in operating income in the three months to September 30. The Beijing-headquartered company expects to pull in around [...]
UK advertising watchdog probes crypto meme coin Floki’s marketing ‘assault’ on London transport November 17, 2021 The Advertising Standards Authority (ASA) has bowed to calls for an investigation into an ad campaign for a digital token named after Elon Musk’s new dog, Floki, after hundreds of adverts for the cryptocurrency appeared across the capital’s transport network. A spokesperson for the ASA told City AM that the watchdog is currently investigating the [...]
PMQs: Keir Starmer finally gets his leader’s feet under the table with Northern rail letdown and sleaze spat November 17, 2021 Keir Starmer has finally figured out he is, in fact, leader of the Labour party as he takes on Boris Johnson over rail let downs and sleaze allegations
