Amigo issues fresh warning over future despite profit rise August 27, 2021 Embattled subprime lender Amigo has issued yet another warning over its future despite a fifteen-fold rise in profit this quarter. First quarter pre-tax profit at the firm jumped from £1.4m to £15m, it revealed this morning, a performance finance chief Mike Corcoran labelled “better than expected”. It comes days after Amigo revealed it had made a £283.6m [...]
British Airways mulling new short-haul carrier at Gatwick August 27, 2021 British Airways is mulling the creation of a new short-haul subsidiary operating out of Gatwick, the airline confirmed today. The IAG-owned carrier was forced to move its short-haul services from the Crawley airport to London Heathrow when the pandemic struck last year. It was one of a number of airlines to close or suspend its [...]
EU to investigate Nvidia’s $54bn purchase of Arm August 27, 2021 Brussels is preparing to open an investigation into Nvidia’s acquisition of Arm as a result of competition concerns. Nvidia plans to notify the EU of its intention to purchase Cambridge-based technology company Arm in the first week of September. Two sources with detailed information of the process told the Financial Times that when Nvidia officially [...]
Apple CEO Tim Cook receives $750m payout August 27, 2021 Apple chief executive Tim Cook has sold shares in the technology company for more than $750m (£550m). The CEO sold most of his five million shares in the firm, according to a company filing with the US Securities and Exchange Commission (SEC) watchdog. The payout was part of a deal he agreed to when he [...]
13 US troops and 72 Afghans killed in Kabul airport attack August 27, 2021 US President Joe Biden has promised to “hunt down” the Islamic State terrorists responsible for a deadly attack which claimed the lives of 13 US troops. Over 90 people have been confirmed dead after suicide bombers detonated two explosions outside Kabul Airport yesterday evening amongst crowds of people who were trying to evacuate from the [...]
Microsoft warns of intruder risk in Azure cloud database August 27, 2021 Thousands of Microsoft cloud computing customers could have reportedly been hit by a breach, as it warned intruders could have the ability to read, change or delete their main databases. The weak spot is in Microsoft Azure’s Cosmos DB database, according to Reuters. Which was revealed when security company Wiz found it could open keys [...]
High street loses 83 per cent of department stores in five years August 27, 2021 The UK high street has lost 83 per cent of its main department stores in the five years following the collapse of the BHS group. More than two-thirds of these shops remain unoccupied as shoppers have switched to online stores, commercial property information provider CoStar Group found. Some 237 big stores that were once occupied [...]
EU to investigate Nvidia’s $54bn purchase of Arm – CityAM : CityAM August 27, 2021 Brussels is preparing to open an investigation into Nvidia’s acquisition of Arm as a result of competition concerns. Nvidia plans to notify the EU of its intention to purchase Cambridge-based technology company Arm in the first week of September. Two sources with detailed information of the process told the Financial Times that when Nvidia officially [...]
A viral discussion on bin collections proves the case for digital democracy August 27, 2021 Around midnight on Wednesday night, British Twitter erupted, united over a single issue: bin collections. It all started with a “Twitter Space” – a public audio forum where anyone can join as a listener and up to 13 people can speak at once. What started out as an ironic experiment culminated in around 1,600 people joining in [...]
Azores and Canada added to green travel list, Thailand demoted to red list August 26, 2021 The Azores, Canada and Denmark have been added to the government’s green travel list, while Thailand and Montenegro have been shifted to the red list, the Department for Transport confirmed today. Switzerland has also been added to the green travel list. Finland, Liechtenstein and Lithuania were also added. The changes will come into effect at [...]
