Former F1 boss weighs in on £3bn bidding war for Playtech November 17, 2021 Former formula one team-owner, Eddie Jordan, is reportedly part of a consortium entering the contest to snap up a London listed gambling software company. A firm founded by Jordan is working with a US investor, believed to be Centerbridge Partners, on financing an offer for Playtech, Sky News first reported. A source told Sky News [...]
Geordie Greig to step down as Daily Mail editor amid leadership reshuffle November 17, 2021 Geordie Greig is leaving his job as editor of Mail Newspapers after ten years in the role. Ted Verity has been appointed as his replacement, a position that will include overall responsibility of the Daily Mail and The Mail on Sunday of which he has been editor for the last three years. It comes a [...]
Fedex to ditch Hong Kong base over strict Covid quarantine rules November 17, 2021 Fedex has announced plans to relocate pilots based in Hong Kong overseas as a result of the territory’s tough Covid rules. The move undermines Hong Kong’s position as a global logistics hub and reflects the longevity of its stringent quarantine measures. “As the global business environment continues to evolve and with the pandemic requirements in [...]
Apple to sell spare parts so iPhone users can complete repairs from home November 17, 2021 Apple has announced plans to sell iPhone parts to the general public so that they can carry out their own repairs from home. At first the scheme will be rolled out to US iPhone 12 and iPhone 13 holders with the company confirming it has plans to expand the scheme to some Mac products and [...]
Soho House adds record number of sign ups to the waitlist November 17, 2021 The Membership Collective Group, which owns Soho House, saw its membership grow by 16,663 in the third quarter to stand at 144,503. As global lockdown restrictions lifted around the world this Summer applicants signed up to join the private members club in record numbers. The brand’s Houses, which are frequented by Victoria Beckham, Nicole Kidman and [...]
Binance CEO calls for fundamental crypto rights November 17, 2021 Binance, the world’s largest crypto exchange by trade volume, has published a list of “fundamental crypto rights” as it faces increased regulatory pressure. Binance’s chief executive Changpeng Zhao, who goes by the name ‘CZ’, is signalling his support for greater crypto regulation with the publication of a list of guidelines which he hopes will underpin [...]
CBDCs or stablecoins? Experts debate the future of digital payments November 17, 2021 Even the experts are divided over what the future of the global digital payments system will look like. At the Digital Asset Summit in London this week a panel of representatives from Credit Suisse, crypto exchange BitStamp, Fireblocks and FIS shared their views on the road ahead for the digital payments. While all agreed that [...]
Blockchain start up Starkware valued at $2bn in latest funding round November 16, 2021 An Israeli start up that provides scalable blockchain technology for apps has secured $50m (£37m) in a Series C round led by Sequoia Capital. Starkware aims to solve the scaling issues faced by legacy blockchains in the crypto space by allowing companies to build apps on top of an ultra-fast chain capable of processing a [...]
Prince Andrew’s £1.5m loan reportedly paid off by conservative party donor November 16, 2021 One of the conservative party’s top donors reportedly transferred £1.5m to Prince Andrew days after he borrowed a similar amount from a Luxembourg bank. David Rowland sent the money to a London account at Banque Havilland SA in December 2017 which was held by Prince Andrew, Bloomberg News first reported. The wire transfer came from a company [...]
Spotify and Snapchat among apps hit by network outages November 16, 2021 Social media sites and internet services including Snapchat, Spotify, Discord and Amazon have reported network downtime this evening. Google Cloud, which provides web hosting services, emerged as the culprit for site outages across the internet and while most sites are back online the company’s status page is still registering an outage to networking services. Amid [...]