Wage growth soars: What does it mean for the pensions triple lock? August 17, 2021 UK wage growth flew over the last quarter, indicating that the labour market recovered sharply from the worst effects of the Covid crisis as restrictions eased between April and June. However, what will this mean for the state pension triple lock? Under the policy, the state pension rises by whichever is highest out of inflation, [...]
Binance US appoints interim leadership after CEO’s abrupt exit August 17, 2021 Binance US, the American division of the world’s largest crypto exchange, has given a longstanding employee the top job after the former CEO’s abrupt exit. Earlier this month, Brian Brooks resigned from his role as CEO after just three and a half months. In a tweet Brooks, who was formerly the Chief Legal Officer for [...]
New Zealand to enter strict lockdown after single Covid-19 case detected – CityAM : CityAM August 17, 2021 New Zealand is set to enter its highest level of lockdown tonight after detecting a single case of Covid-19 in Auckland, Prime Minister Jacinda Ardern has confirmed. A 58-year-old man has been found to have the virus – the first coronavirus case within New Zealand’s borders for 170 days. The strict restrictions comes amid concerns [...]
Travers Smith moving London HQ next door to Deloitte and Goldman Sachs August 17, 2021 Law firm Travers Smith will relocate its City of London headquarters in 2025 and neighbour Goldman Sachs and Deloitte offices. Its new headquarters will be based at Stonecutter Court, a 13-storey office in Farringdon which is a short distance from its current location on Snow Hill in the same area. The silver circle firm signed a [...]
Glencore invests in Britishvolt’s electric battery gigafactory plans August 17, 2021 Mining giant Glencore is investing in the battery start-up Britishvolt and its construction of a gigafactory to support the UK’s car industry transition to electrical vehicles. As part of the partnership, Glencore will also supply cobalt, one of the key raw materials used in electric batteries, the Financial Times reported. As the biggest producer of [...]
Binance US appoints interim leadership after CEO’s abrupt exit – CityAM : CityAM August 17, 2021 Binance US, the American division of the world’s largest crypto exchange, has given a longstanding employee the top job after the former CEO’s abrupt exit. Earlier this month, Brian Brooks resigned from his role as CEO after just three and a half months. In a tweet Brooks, who was formerly the Chief Legal Officer for [...]
Space Race: Jeff Bezos sues Nasa over Elon Musk deal August 17, 2021 The space race is heating up as Jeff Bezos’ firm Blue Origin sues Nasa over its decision to award a lunar lander contract to Elon Musk’s SpaceX. Bezos has filed a lawsuit in federal court which challenges NASA’s decision to award a $2.9bn (£2.1bn) contract to SpaceX which will see the company build a spacecraft [...]
Fintech firm Plus500 announce strong half-year results as industry swells August 17, 2021 Plus500, a global fintech company, has announced strong half-year results after the acquisitions of rivals Cunningham and CTS. The group has seen its revenue swell from where it was in H2 in 2020. It had fallen from $564.2m to $308.3m over the course of 2020, but has since rebounded to $346.2m. The pattern is much [...]
UK unemployment rate shrinks faster than expected to 4.7 per cent August 17, 2021 The UK jobless rate shrank faster than expected over the last quarter as employers hired workers rapidly to cope with soaring demand triggered by the lifting of Covid restrictions, according to official figures published today. Latest data from the Office for National Statistics shows the unemployment rate dipped 0.2 per cent over the last quarter [...]
UK government launches hydrogen roadmap in bid to reach net zero August 17, 2021 The UK government has launched the country’s first ever roadmap to develop a low carbon hydrogen sector as part of its plan to reach net zero. The government announced today it will inject millions into subsidies to incentivise manufacturers to ramp up hydrogen production. As part of the plan, the government will provide £105m in [...]
