London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
New frontier: UK renews outdated space policies as giants seek commercial travel July 29, 2021 The UK is set to start regulating commercial space travel from today, as an increasing number of companies look to capitalise on the race to the stars. Before appointing its first-ever space travel regulator, the UK Civil Aviation Authority (UK CAA), the global legal framework surrounding commercial space travel appeared a relic of the Cold [...]
Inmarsat takes on Elon Musk and Oneweb with satellite network launch July 29, 2021 British satellite giant Inmarsat is launching a new network of satellites to offer global broadband and 5G services, joining an escalating space race alongside rivals Elon Musk and Oneweb. The project, dubbed Orchestra, will bring together the company’s existing geosynchronous satellites (Geo) with low-earth orbit satellites (Leo) and land-based 5G services to create a single [...]
Fabric Ventures announces $130m million fund to invest in digital assets and decentralisation July 29, 2021 Fabric Ventures, a venture manager that backs ‘open economy’ founders across the globe, today announced Europe’s biggest fund of its type, valued at $130 million, which includes $30 million from the European Investment Fund (EIF).
‘Open economy’ backers Fabric Ventures announces $130m fund July 29, 2021 A venture manager that backs ‘open economy’ founders, has today announced a new 2021 fund worth $130m (£93m) – the biggest of its type in Europe. The fund is backed by $30m from the European Investment Fund (EIF) and its partners include Niklas Zennstrom’s venture firm Atomico, Mike Novogratz’s Galaxy Digital, DCG and the founders [...]
Why whisky and walking makes for a wonderful weekend July 29, 2021 Whisky conjures images of smouldering log fires or grand old houses in the Scottish highlands. But two London-based whisky enthusiasts hope to make new associations, including leafy green parks and trendy shopping neighbourhoods. Karen Taylor and Matt Chambers, the founders of the Whisky For Everyone blog, have launched North London Whisky Club walking tours, with three events [...]
Astrazeneca mulls offloading Covid vaccines unit even as total revenues soar above $15bn July 29, 2021 UK-listed Covid vaccine maker Astrazeneca today admitted it’s considering offloading its vaccines unit even as it cheered a 23 per cent revenue rise to $15.5bn for the first half of 2021 – boosted in part by orders for the preventative measure. A senior executive confirmed to Reuters that it is reviewing the future of the [...]
Mastercard profits jump more than a third as easing Covid restrictions boost spending July 29, 2021 Mastercard beat expectations and posted a 36 per cent rise in profits in the second quarter, buoyed by an overall increase in spending as vaccine rollouts accelerated, lockdowns lifted and travel picked up. Adjusted net income rose 36 per cent to $1.9bn from $1.4bn in the same period last year. Corresponding earnings per share reached [...]
Proof-of-stake gives us a real opportunity for change July 29, 2021 Pete Hill of Cudos - a sponsor of the Crypto AM 3rd birthday and summer unlocking party - explains why now is the time to embrace blockchain.
US economic growth falls short of expectations July 29, 2021 The US economy is rebounding sharply from the damage inflicted on it by the Covid crisis, but output growth is falling well below analysts’ expectations, new figures released today reveal. The Commerce Department estimated the US economy grew at an annualised rate of 6.5 per cent in the second quarter of this year, driven by [...]
Westminster Holocaust memorial approved by government July 29, 2021 The government has approved the Westminster Holocaust memorial after years of wrangling and disagreements over its design and placement. Housing minister Christopher Pincher announced today that the plans had been approved by the Ministry of Housing, Communities and Local Government (MHCLG) after approval powers were taken away from Westminster Council last year. The memorial will [...]
