DeFi Bursts onto the Finance Scene – What is it and why does it matter? February 4, 2021 DeFi was around in 2017 and was niche with a few people experimenting in 2019. Some had heard of it, but few people even understood what it was and its ramifications. The second half of 2020 was marked by a DeFi boom, and the total value locked in DeFi contracts surged 40x to $24 billion [...]
Unlocking the global economy whilst meeting green commitments is entirely doable February 4, 2021 The pause in economic activity brought about by Covid-19 has accelerated social and economic trends that were already underway, such as remote working, but it has also seen massive support to reconfiguring the world in a greener and leaner model when productivity levels accelerate again. If anything, this pandemic is largely a consequence of a [...]
How to host the perfect evening this Valentine’s day February 4, 2021 This will be the first year in over a decade I won’t be working in a restaurant this Valentine’s day. For hospitality professionals it’s the most dreaded day in the calendar for so many reasons – it’s the first busy day of the year, restaurant owners cram in as many tables of two as possible. [...]
Freshfields to take on students from racially diverse and poorer backgrounds February 4, 2021 Magic circle law firm Freshfields will take on hundreds of students from lower socio-economic and racially diverse backgrounds, in a push to promote social mobility and racial equality in professional careers. For the next three years Freshfields will take on 100 students per year, aged 16 – 17, as part of a UK-wide programme to [...]
Four in five UK nightclubs will collapse within a month, industry warns February 4, 2021 The UK clubbing scene is on the brink of “extinction” with the vast majority of venues unlikely to survive past the end of the month without government support, the industry has warned. A damning report released by the Night Time Industries Association (NTIA) today laid bare the devastating impact of the pandemic on British nightclubs, [...]
Revenue and profit fall at BT as coronavirus continues to hit telecoms giant February 4, 2021 Revenue at BT was down to £16bn in the first nine months of the financial year, a seven per cent drop that the telecoms giant put primarily down to coronavirus. Profit at BT for the nine months to 31 December fell by 17 per cent, to just under £1.6bn. Investors hung up on the company [...]
Scottish rocket company to clean up space debris from 2023 February 4, 2021 The UK could become a world leader in tackling space debris after successful trials of a ‘space tug’ align with a new UN space initiative, the Scottish rocket company behind the development said today. Skyrora said that its orbit transfer vehicle, part of its Skyrora XL rocket, could clear debris, reposition satellites and remove redundant [...]
David Beckham-backed cannabis firm on course to become LSE’s first CBD listing February 4, 2021 UK-based Cellular Goods is seeking a listing on the London Stock Exchange, which would make them the LSE’s first pure-play CBD business
Best of travel: Why the US Navy sank its own ship off the Cayman Islands February 4, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. This week we revisit Adal Hay-Nicholls’ diving trip to the Cayman Islands to discover the truth behind a legendary wreck. Read more: Jaguar XF P300 review: revitalised luxury at a surprisingly low price ••• The sound of whirring [...]
Bank of England holds rates, and would need half a year for negative rates February 4, 2021 The Bank of England (BoE) has today left interest rates on hold at 0.1 per cent and its bond-buying programme at £895bn. The BoE’s Monetary Policy Committee (MPC) voted unanimously to keep rates at record-low levels. It also confirmed that it would take six months for banks to get ready for negative interest rates should [...]
