Bolt doubles valuation to €4bn as investors pour into on-demand grocery push August 2, 2021 Estonian ride-hailing startup Bolt announced on Monday it had closed a fresh €600m (£512m) funding round, increasing its valuation to more than €4bn (£3.4bn). The latest funds raised from investors will be funnelled into its new 15-minute grocery delivery service, Bolt Market, as the startup seeks to capitalise on the fast-growing market. Bolt said it [...]
Adam Peaty announces short break from swimming to protect mental health following Tokyo 2020 Olympics success August 2, 2021 British swimming superstar Adam Peaty is to take a month-long break from the sport to protect his mental health following his success at the Tokyo 2020 Olympics. Peaty won two gold medals and one silver at the Games as he retained his 100m breaststroke title. His move comes after US gymnast Simone Biles and England [...]
Sky News Australia Suspended from YouTube Over Covid-19 Coverage August 2, 2021 Sky News Australia has been banned from posting new videos or livestreams on YouTube as a result of Covid-19 coverage which the platform says breached misinformation guidelines. The week-long strike was issued on Thursday after a review of Sky News Australia’s channel alleged that it hosted content which denied the existence of Covid-19 and encouraged [...]
Hong Kong singer Anthony Wong arrested over election rally performance August 2, 2021 Hong Kong’s anti-corruption watchdog has arrested Cantonpop singer Anthony Wong Yiu-ming and former lawmaker Au Nok-hin for breaching electoral law by singing at a pro-democracy campaign rally three years ago. Wong, 59, and Au, 34, are both charged with engaging in corrupt conduct by providing entertainment to induce others to vote at the Legislative Council [...]
What does China’s stock market meltdown mean for investors? August 2, 2021 Chinese markets have hit headlines again in recent weeks. Geopolitical tensions surrounding trade remain, but market behavior and performance – particularly in the tech sector – has also come to the fore. We asked Tom Wilson, Schroders’ Head of Emerging Market Equities, what’s causing the upset. The Chinese government seems to be cracking down on [...]
Westminster becomes newest borough to join London’s e-scooter trials August 2, 2021 E-scooters will be rolling out across the West End after Westminster Council and TfL agreed to extend a trial of the new transport tech into the hear of the capital. Westminster has now joined Ealing, Hammersmith & Fulham, Richmond, Kensington & Chelsea, Canary Wharf and Southwark in the trial. The use of privately owned e-scooters [...]
Bitcoin winning streak comes to end as Ethereum takes lead August 2, 2021 Crypto at a Glance Bitcoin’s longest winning streak in eight years came to a halt on Saturday, though the world’s largest cryptocurrency still enjoyed a relatively leisurely weekend changing hands for more than $42k – the highest the price has been since mid-May. The Bitcoin price climbed every day for ten days in a row, [...]
Government to pump £5bn into speedier internet to accelerate Covid recovery August 2, 2021 The government is pumping £5bn into speeding up internet access to those in rural parts of the UK, in a bid to accelerate the country’s Covid-19 recovery. Millions stand to benefit from the government’s Project Gigabit fund, which seeks to upgrade digital infrastructure in hard-to-reach areas. The fund also looks to “fire up” high-growth sectors [...]
Heineken Doubles Profits Amid Easing Lockdown Restrictions August 2, 2021 Heineken, Europe’s largest beer manufacturer, has doubled its earnings for the first half of the year. Operating profit increased by 109.3 per cent reaching 1.63 billion euros (£1.39 billion). The results far exceeded the average expectation of a company-run poll of analysts predicting profits of 1.22 billion euros. Dolf van den Brink, Heineken’s CEO and [...]
Pandemic fuels fresh business creation as entrepreneurs spy ‘unique’ opening August 2, 2021 The pandemic has been the core reason for some 26 per cent of new businesses opening this year, with most owners confident in turning a profit their first 12 months. The Covid-19 crisis has provided a ‘unique’ opportunity for entrepreneurs, according to new research from fintech firm Tide. With 65 per cent of fresh business [...]
