Brits head back to the high street as roadmap out of lockdown boosts shopper numbers March 1, 2021 The number of shoppers on the high street jumped last week, as Brits learned the details of the Prime Minister's roadmap out of lockdown.
Credit Suisse halts redemptions on $10bn Greensill-linked funds March 1, 2021 Credit Suisse has suspended redemptions and subscriptions on a range of investments linked to the Softbank-backed finance firm Greensill Capital. Greensill Capital is the brainchild of former Citigroup and Morgan Stanley financier Lex Greensill and it employs former PM David Cameron as an adviser. Greensill specialises in supply-chain finance where businesses borrow money to pay [...]
Darktrace appoints former BT boss to board ahead of £4bn float March 1, 2021 Darktrace has appointed former BT chief executive Sir Peter Bonfield to its board ahead of a potential stock market float that could value the cybersecurity giant at £4bn. Bonfield has more than five decades of experience in the tech sector, including a six-year tenure as boss of the blue-chip telecoms giant. He currently serves as [...]
Shamima Begum made her choice and shouldn’t be given a path back to UK March 1, 2021 It is not often that a British court decision makes the news for the right reasons. So used are we to judgements that fly in the face of what appears obvious to any non-legal mind, that when the opposite happens it is often met with incredulity. Yet last week, the UK Supreme Court astonished many [...]
Citi report says Bitcoin could be the future of finance March 1, 2021 Investment bank Citi has suggested Bitcoin could become the currency of choice for international trade if it overcomes its "tipping point".
Best of travel: The foodie revolution hits the Maldives March 1, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. Today we revisit Melissa York’s trip to The Maldives. ••• A friend once told me, in total bafflement, about a couple who left their honeymoon in The Maldives early. They were bored, she said, in the midst [...]
Unemployment claims in London airport communities rise at double the national rate March 1, 2021 The number of people claiming unemployment benefits rose at double the national rate in communities around London’s biggest airports in 2020. The coronavirus pandemic has decimated the travel industry, leading to airlines and airports slashing thousands of jobs to stay afloat. In Hayes and Harlington, Heathrow’s local constituency, the number of people claiming benefits rose [...]
Sterling loses early gains as new mutations dent vaccine optimism March 1, 2021 Sterling failed to hold onto early gains on Monday, as concerns over cases of a new Brazil coronavirus variant dented hopes that the UK’s swift vaccine rollout will usher a speedy economic recovery. The pound soared as high as $1.3999 in Asian trading, after retreating from a three-year high on Friday amid inflation concerns. In [...]
Nvidia resists UK jobs guarantee after $40bn Arm takeover March 1, 2021 British chipmaker Arm is facing uncertainty over its future headcount as Nvidia resists a guarantee on jobs following its planned $40bn (£29bn) takeover. California-based Nvidia is in talks with the government over potential commitments linked to the mammoth merger, including maintaining Arm’s headquarters in Cambridge. The company has pledged to keep the chip giant in [...]
Brexit: Labour calls for ‘more ambitious’ UK-EU financial services talks March 1, 2021 Shadow chancellor Anneliese Dodds has called for the UK to be “more ambitious” in its post-Brexit talks with the EU on future financial services regulation. Dodds said today that the government “seems to be trying to manage expectations down” about the Memorandum of Understanding talks and that getting equivalence from the EU should be the [...]
