Campaigners slam Aviva’s ‘ambiguous’ net zero commitment March 1, 2021 Climate campaigners have questioned Aviva’s net zero commitment claiming the insurance giant will continue to invest in fossil fuels. This morning Aviva announced it planned to shrink its carbon footprint to net zero by 2040. The firm said it had written to the biggest carbon emitters in its portfolio urging them to sign up to [...]
Labour’s Anneliese Dodds hints at support for online sales tax on tech giants March 1, 2021 Shadow chancellor Anneliese Dodds has called for the government to level the taxation playing field between digital and bricks and mortar retail in a potential call for new online taxes. Dodds said at a pre-Budget address on Bloomberg that there was a “big gulf on how businesses based in bricks and businesses based on clicks [...]
Klarna’s valuation soars to $31bn after $1bn funding round March 1, 2021 Klarna has secured a $1bn fundraising round bringing the valuation of the buy now pay later firm to $31bn. The four times oversubscribed round makes Klarna the highest-valued European private fintech after a surge in online shopping during the pandemic. It comes amid speculation that the Swedish payments firm will go public with chief executive [...]
Tech platforms must be more transparent over news, says Reach boss March 1, 2021 Tech giants such as Facebook and Google must be more transparent over how they use news content, the boss of publishing group Reach has said. The social media companies have been embroiled in controversy surrounding their control over online media after Facebook blocked access to news in Australia. Jim Mullen, who leads the publisher behind [...]
Want to boost UK exports? Help ignored service providers March 1, 2021 As the UK economy seeks to recover from the twin disruptions of the COVID-19 pandemic and a new trading relationship with Europe – making sure that we have a robust return of UK trade flows will be a crucial element of this. There are easy wins that the Government and Department for International Trade can secure. Ensuring [...]
Hong Kong’s Rosewood eyes $400m SPAC listing amid flurry of deals in Asia March 1, 2021 Hong Kong-based luxury Rosewood Hotel group has filed for a special purpose acquisition company (SPAC) listing that could raise around $400m, two sources close to matter have disclosed. The luxury hotel group, with close familial ties to property developer New World Development (NWD) has recruited Credit Suisse and UBS to arrange the US SPAC listing, [...]
Joe Biden’s new Energy Secretary gives us a taste for his plans for a Green New World March 1, 2021 Most people don’t spend their weekdays glued to C-SPAN and coverage of the United States Senate and its committees. Last week, however, the energy and natural resources committee conducted a confirmation hearing for President Biden’s nominee for secretary of energy, Jennifer Granholm. The committee approved Granholm’s nomination, which was then confirmed 65-34 by the whole [...]
Cardano bucks trend in otherwise gloomy market as ADA reaches its all time high over the weekend March 1, 2021 Cardano's ADA shines brightly as Bitcoin and other cryptocurrencies have their lights dimmed in a gloomy-looking market.
UK consumer credit slumped in January as lockdown took hold March 1, 2021 Consumer borrowing in January fell at its fastest pace since May last year as the country returned to lockdown, Bank of England data showed on Monday. Unsecured lending to consumers tumbled by £2.4bn, the biggest drop since last May’s £4.5bn hit. This takes the year-on-year fall to 8.9 per cent, the biggest decline since monthly [...]
Shares in new Norwegian carrier Flyr soar in debut trade March 1, 2021 Shares in new Norwegian airline Flyr rose nearly 30 per cent today in a promising market debut for the recently-launched firm. The newcomer, which plans to complete its maiden flight by mid-2021, is launching into a market that has been seriously disrupted by the Covid-19 pandemic. It will focus on domestic flights in its home [...]
