Citigroup to increase crypto exposure with bitcoin futures trading August 25, 2021 Citigroup, one of the world’s largest currency trading banks, is awaiting regulatory approval to begin trading bitcoin futures. The bank confirmed it is looking to increase its clients’ crypto exposure by trading bitcoin futures contracts on the Chicago Mercantile Exchange (CME), a popular forum for digital asset trading among institutional investors. Futures trading allows investors [...]
OnlyFans u-turns on sexually explicit content ban August 25, 2021 OnlyFans has “suspended” a proposed ban on sexually explicit content after facing backlash from creators and users. In a statement posted on Twitter the company said: “Thank you to everyone for making your voices heard. We have secured assurances necessary to support our diverse creator community and have suspended the planned October 1 policy change. [...]
WeWork attracts workers back to the office with pay as you go desks August 25, 2021 WeWork will allow customers to rent workspaces on a pay as you go basis in a bid to attract employees back to its offices. This week, WeWork launched its OnDemand service at 40 locations across the UK and Ireland, including London, Birmingham, Manchester, Cambridge, Edinburgh and Dublin. Desks can be booked for £45 per day [...]
Crime watch: loan fraud hits three year high August 25, 2021 Criminal financial activity is on the rise with loan fraud rates at their highest level in more than three years according to new data. According to Experian, which analysed data from the National Hunter Fraud Prevention Service, fraud rates are experiencing an “alarming surge.” Loan fraud, the practice of falsifying information on application forms, has [...]
EY handed fine for botched Stagecoach audit August 25, 2021 The Financial Reporting Council (FRC) has landed EY and its Audit Engagement Partner, Mark Harvey with £2.3m in fines. The FRC said that an EY audit of StageCoach, an international travel company, “did not satisfy the audit reporting requirements” for the 2016-2017 financial year. Claudia Mortimore, the Deputy Executive Counsel to the FRC said: “the [...]
Covid protection from two vaccine doses fades after six months August 25, 2021 Protection against Covid offered by two doses of the Pfizer and the AstraZeneca vaccines begins to fade within six months underscoring the need for booster jabs according to UK researchers. Scientists behind the Zoe Covid Study app said that effectiveness of the Pfizer vaccine against infection fell from 88 per cent to 74 per cent five to six [...]
Home working could help older employees retire later August 25, 2021 New ONS data shows that home working could help to boost the economy by upping the age at which older workers retire. According to the Office of National Statistics (ONS) the UK economy is missing out on an estimated £88bn because of a sharp drop off in employment rates as workers approach pension age. In [...]
OnlyFans founder blames banks for ban on sexually explicit content August 25, 2021 Tim Stokely, Founder and Chief Executive of OnlyFans, has name checked ‘unfair’ banks in an explanation of the site’s upcoming pornography ban. Last Thursday, OnlyFans, the site famed for its pornographic content, issued a statement announcing that the platform would ban sexually explicit content from October. Under the new rules any nude content posted on [...]
Just Eat to create 1,500 new jobs in Sunderland August 25, 2021 Just Eat has announced it will create more than 1,500 new customer service jobs in Sunderland as part of a £100m investment in the North East. The British food delivery giant said that recruitment for the roles is underway with 300 positions already filled. The multi-million pound investment will fund a 20,000 square meter workspace [...]
Anglo Pacific publishes lacklustre interim results as CEO steps down August 25, 2021 Anglo Pacific Group, a leading natural resources investment company, has published lacklustre interim results as its CEO announced he would step down. H1 results showed the year had gotten off to a mediocre start with total portfolio income falling by four per cent year on year from $24.10m in 2020 to $23.04m in 2021. The [...]
