Yuga Labs apologises after Bored Ape land grab overwhelms Ethereum May 3, 2022 The crypto startup behind Bored Ape Yacht Club NFTs has apologised after its sale of "metaverse land" overwhelmed the Ethereum network.
Hilton marks ‘better than expected’ performance as travel demand returns May 3, 2022 Hotel operator Hilton has reaped the rewards of an international travel resurgence, posting an adjusted EBITDA of $448m for the first quarter. Demand dipped earlier in the year as a surge in Omicron Covid cases prevented many from travelling abroad. However, the easing of Covid restrictions has seen demand for travel flooding back. Hilton Worldwide Holdings [...]
Amazon will cover travel costs for employees wanting an abortion, as US Supreme Court ponders overturning Roe v Wade May 3, 2022 Tech giant Amazon will cover travel costs for abortions amid controversy over proposed changes to the law in the US. The company will expand its coverage to employees to support them in having the procedure, as a leaked document claimed the US Supreme Court is going to overturn the historic Roe v Wade ruling, legalising [...]
Competition watchdog raises concerns over London Stock Exchange Group’s Quantile takeover May 3, 2022 The UK’s competition watchdog has raised concerns today that the London Stock Exchange Group’s takeover of transaction risk firm Quantile could damage competition in the sector.
Ofgem investigates suppliers over direct debit payments May 3, 2022 Household energy suppliers are under fresh scrutiny from Ofgem amid concerns customers are facing unfair hikes in direct debit demands.
Pfizer revenue explodes as it battles accusations of pandemic profiteering May 3, 2022 Pfizer’s first quarter revenue have exploded in comparison with last year, setting in stone that it has avoided the much-feared Covid-19 cliff edge. The natural decline of Covid-19 had spooked investors. However, the US pharmaceutical giant recorded $25.7bn (£20.4bn) in revenue in the first few months of the year. The figure represents a 77 per [...]
Coinbase chief predicts one billion people will use crypto within a decade May 3, 2022 Crypto adoption is on track to rapidly accelerate in the next decade according to the chief executive of digital asset exchange Coinbase.
Russia avoids first foreign debt default since Bolshevik revolution May 3, 2022 Russia has avoided its first default on foreign debt since the Bolshevik revolution after it paid creditors in dollars, it was revealed today. Holders of Russian eurobonds confirmed they had received payments after the Kremlin rolled back on its decision not to meet debt obligations last Friday. The payment comes before a 4 May grace [...]
Boardroom Diversity supported by eToro May 3, 2022 eToro, the social investing network, has launched a new FemaleLeadership Smart Portfolio which features US publicly quoted companies with diversity at boardroom level, especially featuring women in positions of board members. eToro’s Deputy CEO and Global Chief Operating Officer (COO), Dr. Hedva Ber, says: “Female leadership and boardroom diversity have proven advantages, not just for [...]
‘I made the decision that I would face prison’ – jailed solicitor Sophie Khan tells all in exclusive interview with City A.M. May 3, 2022 At the start of this year, human rights lawyer Sophie Khan was jailed, after refusing to hand over documents to the independent watchdog that regulates solicitors. A High Court judge sentenced the solicitor to six months in prison, for refusing to comply with two separate court orders calling on her to give over clients’ files. [...]
