Afghanistan: World Bank freezes funding after Taliban takeover August 25, 2021 The World Bank has halted funding for projects in Afghanistan after the country’s fall to Taliban control. The Washington-based financial institution cited concerns over Afghanistan’s future development prospects in the wake of drastic leadership change, particularly for the nation’s women. The halt on aid disbursements is set to continue while the bank assesses how the [...]
Clipper Logistics revenue up thanks to lockdown shopping returns August 25, 2021 Retail logistics firm Clipper has reported group revenue up by 39.1 per cent as e-commerce sales continue to grow. The Leeds-based company reported group revenue up from from £500.7m to £696.2m, in its results for the year ended 30 April 2021. The firm acquired new contracts in the period including with Revolution Beauty, H&M and [...]
Deloitte mandates vaccinations for staff in US offices August 25, 2021 Auditing giant Deloitte has told staff coming into its US offices from October, that they must be vaccinated against Covid-19, according to reports. Chief executive officer of Deloitte US, Joe Ucuzoglu, told staff in an email that from 11 October they would be required to reveal their vaccination status on a secure company website, according [...]
Augean ditches Morgan Stanley Infrastructure for new £341m buyout deal August 25, 2021 A consortium of investment managers Ancala Partners and Fiera Infrastructure have swooped in on waste management firm Augean, raising the prospect of a bidding war for the AIM-listed company. In a statement this morning Augean said that it had agreed to the two firms’ 325p per share, £341m buyout offer, having earlier this month approved [...]
Bank North bags fresh licence in its bid to localise the future of banking August 25, 2021 Bank North has secured a banking licence from the Bank of England as it looks to target northern cities with regionally focused lenders. The upcoming lender will open in October to small businesses in and around Greater Manchester, with plans to start taking retail deposits next year. The bank’s boss Jonathan Thompson explained that Bank [...]
OnlyFans founder blames banks for ban on sexually explicit content August 25, 2021 Tim Stokely, Founder and Chief Executive of OnlyFans, has name checked ‘unfair’ banks in an explanation of the site’s upcoming pornography ban. Last Thursday, OnlyFans, the site famed for its pornographic content, issued a statement announcing that the platform would ban sexually explicit content from October. Under the new rules any nude content posted on [...]
Relx snaps up Leeds software firm TruNarrative in £130m deal August 25, 2021 Relx has snapped up Leeds-based software group TruNarrative as the FTSE media giant continues to beef up its business through a string of acquisitions. TruNarrative, which was founded in 2016 and offers software that helps customers reduce risk and financial crime, will merge with the company’s LexisNexis Risk Solutions division. The company did not disclose [...]
Just Eat to create 1,500 new jobs in Sunderland August 25, 2021 Just Eat has announced it will create more than 1,500 new customer service jobs in Sunderland as part of a £100m investment in the North East. The British food delivery giant said that recruitment for the roles is underway with 300 positions already filled. The multi-million pound investment will fund a 20,000 square meter workspace [...]
E-naira: Digitising Nigeria, improving lives, and advancing national infrastructure August 25, 2021 Nigeria is more amazing than the world realises, and the nation deserves far more attention, says Alex Lightman.
Self-catered accommodation prices soar after pandemic August 25, 2021 Self-catered accommodation in the UK is now on average 40 per cent more expensive than in summer 2019. Analysis from consumer group Which? and BBC Panorama, found holidaymakers were paying an average of £300 more per week in August compared to the last summer before the pandemic. The average cost of one night of self-catered [...]
