European Commission gives the green light on data adequacy agreement with UK February 19, 2021 The European Commission has said the UK’s data protection laws are in line with the EU’s, paving the way for a long-term adequacy decision. Article 44 of GDPR prohibits the transfer of personal data from the EU/EEA to recipients in jurisdictions outside the bloc, unless specific conditions are met. One of the conditions is an [...]
Bitcoin boom delivers cryptocurrency $1 trillion market cap February 19, 2021 Bitcoin has for the first time hit a market cap of $1 trillion, following a month that saw the cryptocurrency rocket more than 60 per cent in value. The world’s most popular cryptocurrency is now worth nearly $54,000 at the time of writing, a new all-time high. Bitcoin’s gains have been fueled by signs it [...]
Elon Musk risking the wrath of US authorities with Bitcoin tweets February 19, 2021 Tesla boss Elon Musk is sailing close to the wind with his mischievous Bitcoin tweets and could end up falling foul of the law, experts say.
Lloyds and HSBC: What to expect in next week’s earnings February 19, 2021 This week Barclays and Natwest announced a return to dividend payments but laid bare the extent of the pandemic on earnings. Barclays reported a 30 per cent drop in pre-tax profit to £3.1bn for 2020, while Natwest reported a pre-tax loss of £351m for the year. Next week it will be Lloyds and HSBC’s turn [...]
Best of travel: Conquest, casinos and copious wine in Georgia February 19, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. Today we revisit Noo Saro-Wiwa’s journey to Georgia, Europe’s most surprising destination. ••• It has been said that Georgians ‘think with European minds and feel with Asian hearts’. Their nation, clamped between Russia and Turkey, is neither [...]
Online car retailer Cazoo making plans to go public – report February 19, 2021 Used car retail platform Cazoo is reportedly making plans to go public at a valuation of £5bn. Sky News reported that the start-up, which was only founded just two years ago, was mulling either a London listing or a merger with a New York-listed “blank cheque” firm, or SPAC. Boss Alex Chesterman, founder of LoveFilm [...]
How China is lighting up the spirits world at home and abroad February 19, 2021 The spirits market in China is flourishing. With income among Chinese consumers rising, more Western spirits are now getting into China than are coming out. But the decades-long popularity of dark spirits among the Chinese middle classes are starting to bear fruit in the form of premium spirits now being imported into the UK. Changyu [...]
Time Out boss: Tech giants have destroyed internet freedom February 19, 2021 The unbridled power of tech giants such as Google and Facebook has destroyed the concept of freedom on the internet, the chief executive of Time Out has said. In an interview with City A.M., Julio Bruno said that while tech companies had given us “a lot of good things”, they now exerted too much control [...]
WandaVision episode 7 review – huge twist revealed! February 19, 2021 *** WARNING: This review contains spoilers for all current episodes of Disney+’s WandaVision. *** Welcome back to WandaVision, or this week, just Wanda. The episode takes the form of the 2010s sitcom Modern Family, with Wanda delivering monologues to camera in the confessional style of the hit show. The plot of the episode follows three [...]
Frost replaces Gove with “more assertive stance” on EU February 19, 2021 PM Boris Johnson replaced Michael Gove as EU relations minister with Lord David Frost, chief negotiator of last year’s Brexit deal, on Wednesday. Downing Street said Frost would have a seat in cabinet and take over all responsibility for dealings with Brussels. The newly-appointed EU relations ministers wants to take a more “hardline” stance on [...]
