Interactive Investor prepares for initial public offering August 20, 2021 Interactive Investor (II), the online retail investment platform, is lining up bankers as it mulls an Initial Public Offering that could value it at £2bn. Britain’s second largest DIY investment fund this week invited investment banks to pitch for a role on a London floatation, a source told Sky News. Unlike many investment funds, II [...]
Cinema box office sales at half of pre-pandemic levels August 20, 2021 Cinema sales have been slashed in half compared to pre-pandemic levels despite the easing of lockdown restrictions a month ago. According to Comscore’s Box Office tracker, £65.7m was spent at the cinema in the four weeks after lockdown released on July 19. Cinema-goers paid £129m over the same period in 2019. The weekend after lockdown [...]
Binance to restrict access to services until users complete identity checks August 20, 2021 Binance, the world’s largest crypto exchange by trade volume, has today introduced new security checks as it seeks to placate regulators. Binance is upping its Know Your Customer (KYC) requirements for new and existing customers and has announced that everyone must complete ‘Intermediate Verification’ in order to access services. Existing users will have their permissions [...]
BHP fires 48 workers over sexual harassment and assault at Australian mines August 20, 2021 Mining giant BHP has fired 48 workers in 2 years amid a spate of sexual harassment and assault allegations. In July, the Australian government launched an inquiry into the problem of sexual harassment in the country’s mining industry. Large mining companies tend to use Fly In Fly Out (FIFO) accommodation, a set up which blurs [...]
OnlyFans to ban sexually explicit content from October August 20, 2021 OnlyFans, the subscription site famed for its pornographic content, has announced it will block sexually explicit photos and videos. The ban will come into effect on October 01 from which time any nude content posted on the website will have to comply with OnlyFans guidelines. In a statement the company said: “In order to ensure [...]
Phone call Raab delegated to junior minister in Afghan crisis was not made August 20, 2021 A key phone call to Afghanistan’s foreign minister was delegated by Dominic Raab to a junior minister and subsequently not made. The Foreign Secretary is facing calls to quit over his handling of the crisis in Afghanistan after he was seen relaxing on a beach in Crete as the Taliban marched on Kabul. On Friday, [...]
CMA watchdog warns ARM sale raises ‘serious competition concerns’ August 20, 2021 The Competition and Markets Authority (CMA) has said that NVIDIA’s purchase of Arm raises serious competition concerns. The report, which has been sent to Oliver Dowden, the Secretary of State for Digital, said an “in-depth investigation” into the $40bn deal between Arm and NVIDIA is warranted. The CMA highlighted that NVIDIA and Arm are both [...]
Amazon plans to open department stores in US August 19, 2021 Amazon plans to open department stores in the U.S. allowing the trillion dollar tech company to expand its physical presence in retail. The company’s flagship retail stores are expected to be located in Ohio and California, an insider told The Wall Street Journal. The new spaces will offer customers access to household goods, clothing and [...]
Campaigners call on Apple to abandon surveillance plans August 19, 2021 An international coalition of more than 90 civil rights and policy groups is calling on Apple to scrap plans to surveil its US customers’ photos. Earlier this month, Apple announced plans to search people’s devices for child sex abuse material (CASM) using new “NeuralHash” technology to perform on device checks. The automated system will alert [...]
British man to be deported from Singapore over face mask rule break August 19, 2021 A British man faces deportation from Singapore after being jailed for refusing to wear a face mask. Benjamin Glynn, a 40-year-old man for Yorkshire, was convicted on Wednesday and sentenced to six weeks jail time. He has been released a day later due to time served while he was in detention which included two weeks [...]