Gig economy workers to nab 20 per cent of financial services jobs February 22, 2021 Gig economy workers will soon make up between 15 and 20 per cent of the workforce at financial services firms, up from the current five per cent of workers. In the next three to five years so-called ‘gig workers’ will become increasingly common at financial services firms, more than half (52%) of financial services firms [...]
Alphabet-backed health insurance startup Oscar aims to raise more than $1bn in upcoming IPO February 22, 2021 Oscar Health Insurance is planning on raising more than $1 billion in its IPO.
EU ministers agree to sanction Russian officials responsible for Navalny imprisonment February 22, 2021 The EU agreed this evening to sanction Russian officials directly responsible for jailing opposition leader Alexei Navalny in Russia, according to German foreign minister Heiko Mass. Today’s agreement came after France, Germany, Poland and the Baltic countries had urged the bloc to confront the Kremlin. Mass told reporters that “the EU will not be silent. [...]
Supreme Court allows release of Trump’s tax returns to prosecutor February 22, 2021 The US Supreme Court has paved the way for a New York City prosecutor to obtain Donald Trump’s tax returns, in a major setback for the former President. The documents will be subject to grand jury secrecy rules that restrict their public release. The documents form part of a criminal investigation into Trump, who has [...]
Spotify takes on Amazon and Apple by launching in 85 new markets February 22, 2021 Spotify said today it plans to launch in 85 new markets, nearly doubling its market presence and making the service available to more than a billion people worldwide. Spotify’s entry in new countries across Asia, Africa and Latin America significantly increases the gap with its closest rivals, Apple Music and Amazon Music. After the announcement [...]
Roadmap: Hospitality industry faces financial ruin as sector remains shut until April February 22, 2021 The hospitality industry has reacted with fury as the Prime Minister plans to allow pubs and restaurants to serve outdoors only and not until 12 April. Currently, only 40 per cent of businesses in hospitality have outdoor spaces, meaning most will still face restrictions after April. In response to today’s announcement, UK Hospitality Chief Kate [...]
Sterling rises to a three-year high February 22, 2021 Sterling rose to a three-year high against the dollar today as investors bet on the UK’s vaccination success bringing about a speedy economic recovery. Sterling achieved $1.4073 against the dollar this afternoon. It reached its highest levels since April 2018 when it broke the $1.40 barrier on Friday and has risen 2.9 per cent against [...]
Johnson: ‘The crocus of hope is poking through the frost’ February 22, 2021 “The crocus of hope is poking through the frost,” said Prime Minister Boris Johnson today in an address to the nation on the gradual easing of the national lockdown. Earlier today Johnson announced all Covid restrictions could be lifted by 21 June under the Prime Minister’s roadmap for exiting lockdown. “Spring is one its way [...]
Exclusive: Half of businesses suffered a cyber-attack in last 12 months February 22, 2021 Just over half (51%) of businesses in the UK have suffered a cyber-attack in the last 12 months, an issue becoming more prevalent with so many people working from home. Research by the Chartered Institute of Internal Auditors (CIIA), which quizzed nearly 200 businesses of all sizes and across various sectors, found the biggest barrier [...]
Banksy’s balloon girl and Kate Moss photo up for grabs at London art sale February 22, 2021 A print of Banky’s ‘Girl With Balloon’ and a photograph of supermodel Kate Moss are among the top attractions at a London art sale this week, celebrating 70 years of British art. The auction, which will take place on Thursday 25, will also feature boots designed by Damien Hirst and photos of The Who and [...]
