EU considers crackdown on short-selling following GameStop saga February 25, 2021 Ugo Bassi, director of Financial Markets in the European Commission’s DG FISMA (Financial services), said today the EU may consider tweaking disclosure rules for short selling to create more transparency. During a meeting of the European Parliament’s committee on economic and monetary affairs, he said he could envisage the possibility of lowering the 0.5 per cent [...]
More woe for Boeing as new $6.6m fine compounds jet repair bill February 25, 2021 Boeing faces a fresh fine from US regulators, a payment it will have to make as it shells out cash on repairing its 787 Dreamliner jets. The new $6.6m fine is part of an expected settlement with US regulators over quality and safety-oversight lapses going back years – a setback that comes as Boeing wrestles [...]
Twitter mulling subscription services and tipping features February 25, 2021 Twitter mulls over introducing new subscription features to provide monetary incentives to influencers
Alexei Navalny: Destination unknown as Putin makes opponent disappear February 25, 2021 Russian opposition politician Alexei Navalny has been moved to an undisclosed detention centre outside Moscow, his lawyer and a member of a rights organisation said this evening. One of his lawyers, Vadim Kobzev, said on Twitter that Navalny was transferred to a prison camp but it was not clear which one or where. Navalny, a [...]
Lady Gaga offers $500,000 reward for stolen dogs, ‘no questions asked’ February 25, 2021 Lady Gaga is offering a $500,000 reward for the return of her two French bulldogs after they were stolen on Wednesday in a night raid in which her dog walker was shot. Lady Gaga’s dog walker Ryan Fischer took the singer’s three pets out for a walk in West Hollywood around 10pm where he was [...]
United States may boycott 2022 Winter Olympics in Beijing February 25, 2021 The White House has not made a final decision on whether the US will participate in the Winter Olympics in Beijing, a decision that could see the United States boycott the games in 2022. “There hasn’t been a final decision made on that and of course we would look for guidance from the U.S. Olympic [...]
Cathie Wood: Low rates and quantitative easing drive interest in Bitcoin February 25, 2021 Cathie Wood, the well-known U.S. investor and founder of Ark Investment Management, said today that Bitcoin is in its “early days” given its diverse use cases. However, Wood emphasised Bitcoin’s potential as a hedge in a global economy of low rates and quantitative easing. “The dollar is down which is normally a positive cue for [...]
Ireland’s Aer Lingus appoints IAG Cargo head as new CEO February 25, 2021 Aer Lingus secures IAG Cargo head as it's new CEO after fighting for survival during the pandemic
Vanguard and BlackRock uncovered as largest investors in coal industry February 25, 2021 The US mutual fund company Vanguard has been named the world’s largest institutional investor in the coal industry, with holdings of almost $86 bn, according to research carried out by Rainforest Action Network, Urgewald and 28 other NGO partners. The investor is closely followed by BlackRock, which has invested over $84bn in the coal industry [...]
Moderna expects $18.4bn in Covid-19 vaccine sales this year February 25, 2021 US based Moderna is expecting $18.4bn in sales after vaccine deals are successful with countries
