Google CEO criticises antitrust regulation December 23, 2020 Google's chief executive officer, Sundar Pichai warns that "regulation can get it wrong" in an interview with the Financial Times.
Advertising watchdog bans Klarna Instagram ads December 23, 2020 The advertising watchdog has banned several Klarna shopping adverts that appeared on Instagram and encouraged consumers to use Klarna to shop and ‘boost their mood’. The Advertising Standards Agency (ASA) has banned Klarna’s Instagram campaign from appearing again, and warned the influencers involved to not “irresponsibly” encourage the use of Klarna’s deferred payment service. The [...]
Major League Cricket: Silicon Valley and Bollywood’s grand plan to make America fall in love with T20 December 23, 2020 People don’t tend to associate the game of cricket with the United States. The world’s second most popular sport has an estimated global following of 2.5bn, yet has struggled to attract an audience in the US, where American football, baseball, and basketball dominate the live sport broadcasting schedule. But a group of investors that includes [...]
Covid-19: R Rate creeps up to 1.4 in London according to new study December 23, 2020 A new study suggests the so-called R Rate for Covid-19 in the capital has crept up to 1.4. An R Rate more than 1 means the number of those with the virus is growing. The study, compiled by ZOE and the Covid Symptom Study app, suggests that the worst affected boroughs in London are Havering [...]
Octopus Energy expands into Japan with Tokyo Gas partnership December 23, 2020 Octopus Energy has partnered with Tokyo gas in a move that establishes Octopus’s presence in Asia. The agreement will see Octopus Energy and Tokyo Gas launch the Octopus Energy brand in Japan, operated by TG Octopus Energy. Tokyo will act as a launchpad for Octopus’s expansion across the region. Octopus Energy in Japan will provide [...]
FTSE slips this morning amidst a host of global worries December 23, 2020 The FTSE 100 has slipped a little this morning, with the index down 0.15 per cent 45 minutes into trading. A brief recovery from a lower open has dissipated. A lack of progress on a Brexit deal, ongoing fears about the new mutant strain of Covid-19 and President Trump gave reason to trouble traders on [...]
BoE’s Chief Wonk: Inflation spike could undermine recovery December 23, 2020 The Bank of England’s Chief Economist Andy Haldane has said that a “laser focus” is needed on inflation amid unprecedented public debt and fiscal stimulus. Haldane fears that markets would only forgive a brief period in which inflation tops the Bank’s 2 per cent target, with any entrenchment seeing yields rise and increasing the cost [...]
Musk claims Apple once snubbed talks to buy Tesla December 23, 2020 Elon Musk has claimed Apple chief executive Tim Cook snubbed talks to buy Tesla back in 2017, when it was going through its “darkest days”. The tech billionaire said he reached out to the iPhone manufacturer in 2017, but CEO Tim Cook refused to take the meeting. Yesterday Musk tweeted: “During the darkest days of [...]
Brains pubs saved as Marston’s sign deal to operate Welsh outlets December 23, 2020 Pub group Marston’s will operate 156 Brains pubs in Wales, saving the Cardiff-based brand amid Covid-19 difficulties. A statement this morning from Brains’ chairman John Rhys said the decision had not been taken “lightly” but that the deal would secure 1300 jobs. Read more: November redundancies fall to lowest level since lockdown 1 The 141 [...]
Property developer British Land agrees £401m sale of West End offices December 23, 2020 British Land has agreed the £401m sale of a 75 per cent stake in three buildings in the West End to Allianz Real Estate. The portfolio includes three buildings; 10 Portman Square, Marble Arch House and York House, all of which are in Marylebone. As a result of the sale British Land will form a [...]
