PayPal launches cryptocurrency services for UK customers August 23, 2021 Online payments giant PayPal has announced its UK customers will be able to buy, sell and hold cryptocurrencies using its platform. In an update being rolled out this week customers will be able to acquire a selection of four crypto currencies – Bitcoin, Ethereum, Litecoin and Bitcoin Cash – using their Paypal accounts. Users will [...]
Three quarters of UK professional investors to increase crypto exposure : CityAM August 23, 2021 A survey has found that the UK is one of the most attractive markets for hedge fund managers focussed on crypto and digital asset funds. The research, commissioned by Europe’s largest digital asset management fund, Nickel Digital, found that 74 per cent of UK institutional investors and wealth managers plan to increase their exposure to [...]
Currys PC World launches flexible mobile plan amid brand overhaul August 23, 2021 Currys PC World is looking to win over customers with a focus on flexibility as it launches a new mobile offering amid a major brand overhaul by owner Dixons Carphone. The retailer today unveiled a new mobile offer allowing customers to build their own package of handsets, data and minutes, as well as bundling together [...]
PMI: Post-Covid bounce-back slows in August as pingdemic struck August 23, 2021 The UK economy’s post-lockdown boom stalled this month as firms continued to struggle with staff shortages, as a result of the so-called ‘pingdemic’, but strong inflation pressures eased slightly. The IHS Markit/CIPS flash composite PMI dropped for the third consecutive month, sinking to 55.3 from 59.2 in July – its lowest since February- according to the latest [...]
Workers of the world unite! How the post-pandemic recovery is increasing the bargaining power of labour August 23, 2021 More than 114 million people lost their jobs over 2020, according to the International Labor Organization. Even more saw their working hours and wages cut. The worst affected industries were accommodation and food services where global employment declined by over 20%, followed by retail. These sectors were particularly hard hit by lockdowns, forced closures and plummeting tourism. Women and younger workers were badly affected. You could be [...]
Households with gas boilers could be taxed for the higher-carbon option August 23, 2021 UK households with gas boilers could be taxed for the high-carbon option, a strategy review has suggested, as the government races to meet its net-zero target. In a bid to transition households towards low-carbon solutions, the Heat and Building Strategy is looking like it will conclude that gas users could face higher bills and charges. [...]
China tightens scrutiny over accounting firms in fight against forgery August 23, 2021 China’s leadership has set new rules to strengthen supervision of accounting firms in a fight against financial forgery, vowing “zero tolerance” toward misconduct. China’ State Council said accounting firms have not fully played their role as “gatekeepers” of capital markets, which have often witnessed cases of financial forgery and inaccurate accounting information. The authorities will [...]
BBC set to tap Jess Brammar as news chief despite ‘bias’ row August 23, 2021 The BBC is poised to appoint Jess Brammar as its new head of news despite an online backlash against so-called ‘left-wing’ views. Brammar, former editor-in-chief of Huffpost UK and previously deputy editor of Newsnight, is expected to be appointed to a new role overseeing the broadcaster’s news output. It comes despite criticisms that the news [...]
Flying high: Former RBS and RSA boss Stephen Hester to be next Easyjet chairman August 23, 2021 City heavyweight Stephen Hester, who led RBS and insurer RSA, has been named the next chairman of budget airline Easyjet. Easyjet this morning named Hester as its director and chair designate. Hester will join the Board as a non-executive director on 1 September and then he will succeed John Barton as the airline’s chair on [...]
Channel 4 launches real-time digital ad bidding amid privatisation threat August 23, 2021 Channel 4 is rolling out technology that will allow advertisers to bid for ad space on its streaming service in real time as the state-owned broadcaster battles the threat of privatisation. The Gogglebox broadcaster has launched a new platform that enables ad space to be auctioned in milliseconds across All 4’s 14,500 hours of programming. [...]
