Ikea to buy back used furniture to resell as second hand October 13, 2020 Ikea has launched a scheme to buy back used flatpack furniture to be resold in stores as second hand. The Swedish firm announced this morning that the “Buy Back” initiative is part of its plan to “become a fully circular and climate positive business by 2030”. Customers will be given vouchers to spend in Ikea [...]
UK tech visa applications hit record high despite Covid-19 October 13, 2020 The number of applications for the UK’s Tech Nation visa rose to its highest level on record last month as the thriving sector shrugged off the impact of coronavirus. Applications for the visa, which grants employees and founders in the tech sector the right to work in the UK for up to five years, hit [...]
Sadiq Khan says new London Covid restrictions this week are ‘inevitable’ October 13, 2020 Sadiq Khan has said new Covid restrictions in London are now “inevitable” just a day after the capital was put into the lowest risk category by the government. Khan said today that all the vital indicators show London is certain to be put into the tier two category within days, meaning the capital would be [...]
IMF: Covid cases and support cutbacks threaten global recovery October 13, 2020 The global economic recovery is under threat from the resurgence of coronavirus and governments withdrawing economic support too early, the International Monetary Fund (IMF) has warned. IMF chief economist Gita Gopinath said the crisis is “far from over” and will “likely leave scars”. She said the global economy’s total loss of output would could amount [...]
Global airlines get nearly £100bn in state aid and bailout funding October 13, 2020 Easyjet last week became the latest airline to indicate that it may need more money from the state to deal with the financial hammering it has taken at the hands of coronavirus. Around the world, governments have already splashed out a whopping £98.7bn on airlines, a figure that could jump by another $25bn (£19.3bn) if [...]
The Porsche 911 Turbo is still the ultimate City supercar October 13, 2020 We drive the ballistic Porsche 911 Turbo S Cabriolet: a supercar that's happy in the city, but excels beyond the M25.
Hackney Council hit by ‘serious’ cyber attack October 13, 2020 Hackney Council has been hit by a major cyber attack that is affecting many of its services and IT services. The council has called in experts from the National Cyber Security Centre, as well as the Ministry of Housing and local government to investigate the incident. It is unclear which services have been affected, and [...]
DEBATE: Is the government right to be encouraging artists and dancers to retrain in tech? October 13, 2020 Is the government right to be encouraging artists and dancers to retrain in tech? Leon Emirali, an entrepreneur and adviser, says YES. At some point soon, we will be left with no choice but to face up to the uncomfortable truths of this pandemic. Covid-19 is re-writing the economic rules we’ve played by for so [...]
The DeFi Bubble and the Next Bitcoin Boom October 13, 2020 Programmers have found a way to replace the core service offerings of Wall Street and an army of corporate lawyers with 800 lines of smart contract code. The “De” in DeFi stands for “decentralized,” meaning there are no intermediaries in the process. Despite the raw and unpolished user interface, billions in assets flow through new [...]
Property platform Onthemarket hails surge in potential buyers after lockdown October 13, 2020 Property platform Onthemarket toasted a surge in potential buyers following the lifting of lockdown restrictions earlier this year. Onthemarket said consumer engagement has been very strong after the government eased restrictions on the UK housing market in May, and it had delivered record leads to advertisers. The company said its “new and exclusive” property listings [...]
