SoftBank-backed Indian Uber rival Ola tables plans for $1bn IPO August 31, 2021 Indian Uber rival Ola is reportedly sitting on plans to raise up to $1bn through an initial public offering (IPO), joining a long line of high-ranking floats in the country. Currently finalising banks to advise on the fund-raise, Softbank-backed Ola is in talks with Bank of America and JP Morgan, three people familiar with the [...]
Hong Kong plans risk management rules to prevent Archegos-like scandals August 31, 2021 Hong Kong’s market regulator is reportedly developing a track exposure mechanism to dangerously concentrated stocks to prevent financial debacles like the Archegos collapse. The project will use centralised trade databases to identify excessive risk-taking by banks and investment funds trading derivatives in the city, reported Financial Times. The Hong Kong Monetary Authority and the Securities [...]
Zero carbon ‘plans before bans’ for HGVs, auto industry urges government August 31, 2021 The UK auto industry has called on ministers to work alongside manufacturers to develop net zero technologies for the decarbonisation of heavy goods vehicles (HGVs). At the moment, just 0.2 per cent of the trucks and lorries on British roads use alternative fuel sources, data from the Society for Motor Manufacturers and Traders (SMMT) showed [...]
Retail footfall up over bank holiday thanks to staycation shopping August 31, 2021 Footfall across all retail destinations rose an average of 8.2 per cent over the August bank holiday as shoppers made the most of the long weekend. Historic towns enjoyed a flux of day trip and staycation shoppers with footfall up 20.1 per cent over the long weekend while coastal towns saw footfall up 19.8 per [...]
London property: The gothic castle on sale in Belsize Park for £17.5m August 31, 2021 Complete with a swimming pool, champagne lounge and wine tasting room- this historic home is truly fit for a king. Hunter’s Lodge is a Grade-II listed Georgian Mansion located off Belsize Lane in Belsize Park, built in 1812 in a Gothic-revival style. The building has turrets and battlements, making it perfect for anyone with dreams [...]
Western allies cannot allow China to fraternise with the Taliban August 31, 2021 The swift demise of Afghanistan has dominated every headline. Twenty years of aid, support and work towards political stability wiped out in a mere nine days. This will only spell the start of the atrocities — the return of female oppression and a crack down on all who aided Western countries are already reemerging. As [...]
UK global talent visa applications surge during lockdown August 31, 2021 Applications for the UK’s tech visas increased by almost 30 per cent during lockdowns and the pandemic, as the UK continues to attract global talent, according to industry body data. Applications for the Global Talent Visa between April 2020 to March 2021 increased by 28 per cent compared to the same period the previous year, [...]
Airbnb cracks down on party bookings with new technology August 31, 2021 Airbnb is taking further action to prevent loud parties by introducing measures to block certain reservations. The rental holiday platform said it wants to prioritise efforts to prevent disruptive parties before they start. New ‘high risk reservation’ technology will help the platform block potentially problematic bookings by considering factors including the date and duration of [...]
Prosus to pay $4.7bn for rival Indian payments firm in largest buyout yet August 31, 2021 European technology giant Prosus has reportedly put forward $4.7bn for its largest ever deal, to buy Indian payments platform BillDesk, in yet another foreign investment in the country’s blossoming tech sector. BillDesk currently competes with Prosus’s payments firm PayU in India which means the deal will open up a fair portion of the growing payments [...]
Ryanair to create 500 new London jobs in winter expansion August 31, 2021 Ryanair will create more than 500 new jobs across its London airports this winter as the budget airline looks to take advantage of the recovery from the Covid-19 pandemic. The carrier will launch a combined 14 new routes over the season from Stansted, Luton, and Gatwick to a number of European destinations. Chief executive Michael [...]
