Russia launches criminal probe into two allies of Kremlin critic Navalny August 10, 2021 Russian authorities have launched a criminal investigation into two top allies of Kremlin critic Alexei Navalny, for raising money for his political network – which has been labelled extremist. Allies Leonid Volkov and Ivan Zhdanov, who have already been exiled from the country, are at the centre of the investigation which was opened after a [...]
Three quarters of UK adults receive both vaccine doses August 10, 2021 Three quarters of UK adults have now been double jabbed, with an estimated 60,000 deaths prevented due to the success of the rollout. New data from Public Health England (PHE) shows COVID-19 vaccines are highly effective against hospitalisation from the Delta (B.1.617.2) variant, the dominant strain of coronavirus in the UK. The Pfizer-BioNTech vaccine is [...]
Global chip crisis boosts Arm sales amid Nvidia takeover row August 10, 2021 A global chip shortage has helped drive a surge in sales at British semiconductor giant Arm ahead of its planned $40bn (£29bn) takeover by US rival Nvidia. Cambridge-based Arm reported a 57 per cent rise in total net sales to $675m in the three months to the end of June thanks to increases in both [...]
Why you should break out the tweed for the Glorious Twelfth August 10, 2021 In Britain, 12 August – AKA the Glorious Twelfth – is the first day of the season for red grouse. This is not just tradition but law: read the Game Act 1831 for further details. It is a day of great excitement and activity on our vast grouse moors, so big they account for nearly [...]
Abrdn bags AI wealth management firm in first acquisition post-revamp August 10, 2021 Abrdn has snapped up AI wealth management firm Exo for a not-yet-disclosed price, as the revamped investment company makes headway on its three-year plan. The deal, expected to be completed in the final quarter of this year, will allow abrdn to offer wealth management via an app. The investment group’s fee based revenue lifted by [...]
Real Madrid to sue La Liga and CVC chiefs over €2.7bn deal August 10, 2021 Real Madrid is suing bosses at La Liga and CVC Capital Partners over a €2.7bn (£2.3bn) deal that will see the private equity firm take a 10 per cent stake in Spain’s top-flight league. The football club said it will take civil and criminal action against La Liga president Javier Tebas and CVC chief Javier [...]
Flutter Entertainment doubles revenue, sending shares rising 8.8 per cent August 10, 2021 Revenue at sports gaming group Flutter Entertainment has rocketed 99 per cent in the past six months, scoring double the cash it recorded in the first half of 2020. The upbeat results sent shares jumping 8.85 per cent to a total share price of 14,085.00. The sports entertainment group, which owns Paddy Power and Betfair, [...]
Hong Kong leader backs to adopt China anti-sanctions law August 10, 2021 Hong Kong chief executive Carrie Lam said today she supports implementing China’s anti-foreign sanctions law in the city through local legislation. At her weekly press conference, Lam said she supports Beijing’s law to be listed in the annex of Hong Kong’s mini-constitution known as the Basic Law. “We will do its utmost to fulfil its [...]
Home working win: HR software firm Gusto hits $10bn valuation and mulls IPO August 10, 2021 HR software firm Gusto has hit a $10bn valuation following its latest funding round, amid work-from-home measures in which it thrived. The company secured $175m in a funding round in recent weeks, its CEO Josh Reeves told Forbes, after bagging $200m in capital last year. The capital rally was led by T. Rowe Price and [...]
Messi to join PSG on two-year deal worth £25m a year August 10, 2021 Lionel Messi has agreed to join Paris Saint Germain on a two-year contract. The deal is subject to a medical and has the option to be extended to a third year. Messi, 34, left Barcelona after over two decades of service at the Catalonian giants due to the club failing to comply with La Liga [...]
