TfL to soon launch Hammersmith ferry service while famous bridge is closed February 23, 2021 A temporary ferry service will soon operate in west London to shuttle pedestrians and cyclists across the Thames alongside the closed Hammersmith Bridge. Transport for London (TfL) announced today that it had received bids from City Cruises and Uber Boats by Thames Clippers to run the shuttle service, after receiving government funding. The new ferry [...]
The Future of DeFi February 23, 2021 DeFi exploded onto the scene in 2020 as the value locked in decentralized platforms climbed into the billions. Yield farming, flash loans, and automated market makers (AMMs) were a few of the hottest topics over the last year. But what does the future of DeFi hold? And will the next round of innovations take advantage [...]
Crypto market pressure valve vents? Major correction for crypto, while flash crash on Kraken sees ETH fall to $700 February 23, 2021 Crypto at a Glance It may have been a weekend of landmark moments and celebration, but this week has unfortunately kicked off with Bitcoin setting the wrong kind of records. The leading cryptocurrency yesterday traded within a record-setting $10,877 range – plummeting from its all-time highs above $58,000 set over the weekend. This marks the first [...]
Expecting football to make Twitter and Facebook stop social media abuse is like asking your six-year-old to tackle Cristiano Ronaldo February 23, 2021 The English football community has finally had enough of the rampant racial abuse and bullying its players suffer on social media. Police are investigating and thePremeir League and other bodies have made an unprecedented direct plea to Mark Zuckerberg and Jack Dorsey. Of course, these issues on social media don’t just impact football players or [...]
Brits rush to book holidays in hopes of end to travel restrictions February 23, 2021 Brits rushed to book holidays overnight after Boris Johnson yesterday raised the prospect of international travel restarting in time for the long summer break. According to the government’s roadmap for ending lockdown, international travel could start on 17 May at the very earliest. The announcement triggered a surge in bookings, with budget carrier Easyjet reporting [...]
Mike Ashley’s Frasers Group to take £100m hit on lockdown restrictions February 23, 2021 Frasers Group, the retail empire owned by Sports Direct founder Mike Ashley, announced this morning that it expects to take a £100m hit due to lockdown restrictions. The retailer, which also owns House of Fraser and Jack Wills, said the length of the current lockdown, potential changes to consumer behaviour and the risk of future [...]
Hong Kong media tycoon denied bail in landmark security law case February 23, 2021 A Hong Kong court denied media tycoon Jimmy Lai bail on Tuesday due to the risk of him committing further offences. The case is being closely watched as it shows how Hong Kong’s independent judiciary resolves conflicts between the security law drafted in Beijing. Guilty until proven innocent New legislation puts the duty on the [...]
Crypto selloff sends Bitcoin tumbling below $50,000 February 23, 2021 Bitcoin tumbled this morning as investors ditched cryptocurrencies amid nervousness over sky-high valuations. Bitcoin suffered its biggest daily drop in a month to fall as low as $45,000 before recovering to just over $48,500. Ethereum is also down more than 18 per cent to $1,512. It follows Monday’s crash which saw Bitcoin plunge from $58,000 [...]
Phoenix Group buys Standard Life name February 23, 2021 Standard Life Aberdeen has sold the historic Standard Life name to insurance group Phoenix for an undisclosed sum. The firms have agreed Phoenix will buy the Standard Life name over the course of the year, in what both parties claim is a “simplification” of the partnership. Employees who work on the Standard Life brand are [...]
HSBC results: Shift to Asia, office space slashed, dividend returns February 23, 2021 HSBC today said it plans to nearly halve its office space globally as part of a radical overhaul that will see the lender shift its focus to Asia. The bank will pump roughly $6bn (£4.3bn) into the region over the next five years, focusing mainly on its wealth management business in greater China as well [...]
