Tiananmen vigil organiser in Hong Kong awaits final vote to disband August 24, 2021 A group called The Hong Kong Alliance in Support of Patriotic Democratic Movements of China, which organised an annual Tiananmen vigil in the city, has reportedly decided to disband. The group’s standing committee held a special meeting yesterday and decided to disband the embattled organisation amid political pressure, reported South China Morning Post. The disbandment [...]
Michael Saylor’s MicroStrategy now holds a staggering 109,000 Bitcoin August 24, 2021 MicroStrategy – the world’s first PLC to hold Bitcoin – has added to its crypto-heavy balance sheet with the purchase of a further 3,907 Bitcoin.
Santander US to snap up remaining stake in consumer unit for $2.5bn August 24, 2021 Santander’s US division is set to buy the minority stake in its American consumer unit for $2.5bn. Snapping up the remaining 20 per cent of the business, the deal values the entire Santander Consumer US unit at $12.7bn, the bank said in a statement. Santander offered some $41.5 per share – a 6.4 per [...]
HS2 to support 4,000 more jobs than first forecast August 24, 2021 The building of the controversial HS2 rail link will support 4,000 more jobs than previously expected, the government has today said. According to a new report from the body behind the project, HS2 will now support 34,000 jobs in total. Of the new roles, Phase 2a – linking the West Midlands to Crewe – will [...]
BlackRock backed crypto mining company sees record Q2 results August 24, 2021 Nasdaq-listed Riot Blockchain saw mining revenue surge to $31.5m in Q2 of 2021, up 1,540 per cent compared to the same period last year. Shareholders, including asset management giant BlackRock which has a 6.6 per cent stake in the company, were treated to record net income of $19.3m or $0.22 per share. The results made [...]
Afghanistan crisis: Taliban to block Afghans from heading to Kabul airport August 24, 2021 The Taliban has warned it will block Afghans from heading to Kabul airport in a bid to escape the country, according to reports. A Taliban spokesperson said Afghans should not go to the capital’s airport or try to leave Afghanistan. Zabihullah Mujahid, the miliant group’s spokesperson, told a press conference that the Taliban are not [...]
London property managing platform Plentific bags $100m in fresh funding August 24, 2021 London-based Plentific, which operates a property management platform, has pulled in $100m (£72.8m) in its latest funding round. The Series C fundraiser, led by fresh investors Highland Europe and Brookfield Technology Partners, is set to finance its expansion plans across the US and the rest of the world. Investors old and new piled into the [...]
Mervyn King: Central banks cannot solve most of society’s problems August 24, 2021 A former governor of the Bank of England has warned that central banks cannot be relied on to solve most of society’s problems. Writing for Bloomberg, Mervyn King said there are “serious challenges to our societies. But the gravity of an issue is not the sole, nor even the most important, criterion for central-bank involvement. [...]
IHG announces new luxury hotel collection Vignette August 24, 2021 IHG Hotels & Resorts has announced its new luxury and lifestyle brand Vignette Collection. The Holiday Inn owner hopes the Vignette brand will attract more than 100 hotels across the world over the next ten years. It marks the sixth addition to IHG’s portfolio in the past four years with other luxury and lifestyle brands [...]
London property managing platform Plentific bags $100m in fresh funding – CityAM : CityAM August 24, 2021 London-based Plentific, which operates a property management platform, has pulled in $100m (£72.8m) in its latest funding round. The Series C fundraiser, led by fresh investors Highland Europe and Brookfield Technology Partners, is set to finance its expansion plans across the US and the rest of the world. Investors old and new piled into the [...]
