API3 and Open Bank Project team up for decade-long blockchain venture April 20, 2021 Developer AP13 has entered into a 10-year development partnership with Open Bank Project to connect more than 400 banking and open banking APIs directly to blockchains.
Hammerson collects less than half its rent even as restrictions ease April 20, 2021 Hammerson has received less than half of rent due in the second quarter even as lockdown restrictions ease and footfall returns to pre-pandemic levels. At group level just 40 per cent of Q2 rent has been received, with the UK collecting 48 per cent, France 23 per cent and Ireland 34 per cent. An aggregate [...]
Young people hit disproportionately by Covid jobs crisis April 20, 2021 Those aged under 35 disproportionately lost their jobs as a result of the coronavirus pandemic, as sectors like hospitality and retail were hit particularly hard by the crisis. In the year to March, nearly 635,000 under-35s saw payroll job losses in the UK, making up 80 per cent of the total payroll jobs lost during [...]
European Super League: Boris Johnson to meet officials amid football row April 20, 2021 Prime Minister Boris Johnson will today host a meeting of football officials and fan representatives to discuss England’s response to the planned European Super League. Furious fans held demonstrations yesterday following the announcement that the Premier League’s six biggest clubs will join the new breakaway competition. The plans have also sparked a backlash among rival [...]
The Green Party candidate to succeed Angela Merkel as Chancellor could control a fiercely left-wing German Government April 20, 2021 For the first time in the history of the Federal Republic of Germany, the Green Party has nominated a candidate in the race to be Chancellor and succeed Angela Merkel. This morning, the party announced 40-year-old Annalena Baerbock to stand in the September 27 election. After Merkel’s Christian Democrats, the Greens are polling in second [...]
SocGen: UK fintech is at a post-Brexit crossroads and must forge global links to retain its position April 20, 2021 The UK’s position as global fintech leader is facing a pivotal moment as it confronts the dual challenges of fending off competition in a post-Brexit world and capitalising on Covid accelerated digital adoption opportunities across the globe. The UK has had a proud history of leading the way in financial innovation, from its global reputation [...]
New standards for equal opportunities could pave way for a better working future April 20, 2021 Firms across the world have been attempting to codify their efforts on equal opportunities, and a new set of global standards may do just that. Christiane Bisanzio writes why her firm has signed up. Last week, the World Economic Forum released its eagerly awaited report into the impact of the Covid-19 pandemic on gender pay. [...]
Music Magpie secures new funding ahead of £208m stock market float April 20, 2021 Tech resale site Music Magpie today said it has secured £20m in fresh funding, just days after confirming plans for an initial public offering in London. The online retailer, which allows consumers to exchange old devices such as phones and game consoles to cash, has inked the deal with Silicon Valley Bank’s (SVB) UK branch. [...]
United Airlines dives to $2.4bn loss as fuel prices soar April 19, 2021 United Airlines plunged to a $2.4bn adjusted loss for the first quarter of the year, dragged down by a plunge in passenger number and climbing fuel costs. The Chicago-based carrier said that aviation fuel costs rose nearly 30 per cent over the three month period, to $1.70 per gallon. At the same time, the airline [...]
Sterling rises to highest levels for a month April 19, 2021 The pound rose to its highest levels against the dollar for a month as the UK’s recovery from the Covid-19 downturn continues. Sterling was up 1.1 per cent at $1.39 as of 9:00pm, the highest it has traded against the greenback since mid-March. Against the Euro, it was 0.7 per cent higher at €0.86. The [...]
