Curve launches NFT auction in bid to raise cash for London theatres March 26, 2021 Fintech Curve has joined the NFT bandwagon and launched an auction in a bid to raise cash for London’s theatres that have been left devastated by the pandemic. Non-fungible tokens are cryptocurrency takens which certify the ownership of a unique digital file using blockchain. They have become a way for creatives to raise cash during [...]
Are US stimulus cheques really going into Bitcoin? March 26, 2021 Persistent reports keep suggesting that Americans are keen to plough their $1,400 stimulus cheques into Bitcoin - but is that really the case?
Virgin Atlantic launches two ‘vaccine passport’ trials March 26, 2021 Virgin Atlantic today said that it would launch two parallel digital health certificate – or “vaccine passport” – trials as more carriers turn their attention to restarting international travel. The Sir Richard Branson-founded airline said it would trial global aviation body IATA’s smartphone app on trips from the UK to Barbados from 16 April. It [...]
Travel influencers get a bad rep – but don’t judge too soon March 26, 2021 What’s your first thought when you hear the word ‘influencers’? If it’s anything like many members of the general public, it’s not too positive. Just the mere mention of ‘influencer’ evokes eye rolls, tuts and head shakes. Of course, the recent news stories haven’t helped. Hordes of influencers have been flocking to far-flung places like [...]
Volkswagen to seek damages from former chairman over dieselgate March 26, 2021 Volkswagen today announced that it would seek damages from its former chairman Professor Marin Winterkorn, as well as former Audi chair Rupert Stadler, over its diesel emissions scandal. The crisis, which exploded when the firm admitted in 2015 it had rigged emissions tests in the US, has cost the car giant €32bn (£27.4bn) in fines [...]
Tencent-backed mutual aid site to be axed under China’s fintech crackdown March 26, 2021 Tencent-backed Waterdrop has become the latest subject of China’s fintech crackdown today as it confirmed its online mutual aid platform will shut down at the end of the month. The crowdfunding company provides customers with a basic health plan covering critical illnesses, where its 80m users share the risk of becoming ill and covering the [...]
Covid-19, a year on: What we’ve learnt about teen gambling and video games March 26, 2021 In this series, City A.M. looks back at the last year of the pandemic and Covid restrictions and takes stock of its impact on industries and issues at the heart of British society. Read more: Read the full Covid-19, a year on series here. Every time you pick-up a smart device, you’re entering a multi-billion-dollar war zone, [...]
EP: 49 Doncaster, Newbury, Hong Kong & Dubai March 26, 2021 Trainer Richard Hughes joins us as our guest today as we look forward to the start of the new flat racing season at Doncaster where the Lincoln Handicap, run over the straight mile, is the feature race City A.M. racing editor Bill Esdaile previews this weekend’s global action in the UK and the Dubai World [...]
MPs launch inquiry into power of social media influencers March 26, 2021 MPs have launched an inquiry into the power of influencers amid concerns about a lack of regulation over how social media stars promote products online. Influencers have been gaining prominence in recent years thanks to the continued growth of social media use and the popularity of hit reality shows such as Love Island. But they [...]
Suez Canal: crisis drags on as shipping rates surge March 26, 2021 Seven tankers were diverted away from the Suez Canal on Friday after traffic was suspended through the waterway where a large container ship has been stuck since Tuesday. Read more: Suez Canal: Rescue mission to recover ‘beached whale’ ship could take weeks Three of the tankers are being diverted towards the longer route around the [...]
