Tesla is hiring someone to defend Elon Musk on social media January 20, 2021 Elon Musk’s indiscretions on social media have moved stock markets, led to a high-publicised defamation lawsuit and landed him a $20m fine. But it seems the blunt billionaire is now going on the defensive, hiring someone to fend off attacks by Twitter trolls. A job advert posted by Tesla, Musk’s booming electric car maker, said [...]
Aviation industry launches fresh plea for government support January 20, 2021 The UK’s aviation industry has come together in a fresh plea for extra government support for the struggling industry. Representatives from the country’s biggest trade bodies have called for a aviation and aerospace recovery plan including short-term financial relief for airports and airlines. Measures include the extension of a suspension of business rates to aviation [...]
Ethereum breaks $1,400 for first time since January 2018 January 20, 2021 Crypto at a Glance It was a landmark day for Ethereum yesterday, with a number of outlets calling a new all-time high as the price broke $1,400 for the first time since January 2018. There were still many that didn’t call it, however. This is because different outlets calculate the all-time high differently, including, notably, [...]
Volkswagen T-Roc R review: the hot hatch reaches a new height January 20, 2021 The Volkswagen T-Roc R combines the style of an SUV with the speed of a hot hatchback. Does that make it the perfect modern performance car?
BA owner IAG slashes purchase price for Air Europa in half January 20, 2021 British Airways owner IAG has slashed the price of its purchase of Air Europa in half, the airlines group announced this morning. IAG will now pay €500m for the budget carrier, down from the €1m agreed in November 2019. After the coronavirus pandemic struck, decimating the airline industry, IAG pushed to reduce the price of [...]
British chipmaker IQE pulls in record revenue amid bumper demand January 20, 2021 British chipmaker IQE secured a record revenue performance last year amid soaring global demand for its technology. The London-listed firm, which makes components for chips used in Apple products, said full-year revenue would come in at roughly £178m. This is in line with its previous guidance of at least £170m and marks year-on-year growth of [...]
Online sales soar as Dixons Carphone covers wounds of festive store closures January 20, 2021 British retailer Dixons Carphone has seen sales rocket during Christmas as online growth of 121 per cent balanced out store closures. Like-for-like electrical sales increased 11 per cent over the festive period as shares rose by 2.8 per cent, the group announced on Wednesday. Dixons Carphone, who trade as Currys PC World and Carphone Warehouse [...]
S4 Capital steps up a gear with automotive acquisition January 20, 2021 S4 Capital has snapped up a production studio specialising in the automotive industry as its aggressive expansion plans show no signs of slowing down. Sir Martin Sorrell’s advertising firm today said Germany-based Staud Studios would merge with its Media Monks content division. The move cements S4’s presence in Germany, which is Europe’s second largest advertising [...]
British lawyer pulls out of high-profile Hong Kong case following ‘pressure’ from UK January 20, 2021 A British prosecutor set to lead the case against media mogul Jimmy Lai and several pro-democracy activists has withdrawn after ‘pressure’ from the UK, Hong Kong’s Department of Justice said this morning. Hired by the Hong Kong government, David Perry QC indicated that “the trial should proceed without him”, the Department of Justice said in [...]
Office provider IWG takes further £160m hit on coronavirus crisis January 20, 2021 The impact of the coronavirus pandemic is expected to be prolonged for IWG, with the business forced to make further provision for up to £160m for network rationalisation. The office landlord announced in a market update this morning it was taking “further prudent actions” to reduce costs for the business, as it expected its recovery [...]
