Behind-the-story: Nazanin’s liberation from Iran after six long years March 17, 2022 Yesterday, Nazanin Zaghari-Ratcliffe was finally allowed to return to the UK and reunite with her family after almost six years of detention in Iran. Zaghari-Ratcliffe was on holiday in Iran visiting her parents when she was arrested for “plotting against the government.” Another British-Iranian, Anoosheh Ashoori, was also released after being arrested in 2017. Both [...]
Netflix eyeing new fees to prevent password sharing March 17, 2022 Netflix is exploring technology that will halt users sharing their passwords with others. While the streaming giant’s terms and conditions do prohibit users who do not live together sharing the same account, users can currently simply share a password to an account. Now, the company said it will start testing allowing subscribers to pay a [...]
The Rise of Digital Securities March 17, 2022 In 2021 the modern economic landscape is already beginning to shift. The growth of cryptocurrencies and decentralised finance (DeFi) has been a part of the discussion for years, but the reality of how it will impact securities trading is finally being realised. An increasing number of securities are now digitised in a variety of sectors, [...]
How Blockchain Can Take the Finance Industry Beyond APIs March 17, 2022 Have you got an API for that? In the developing world of fintech, many platforms are based around Application Programming Interfaces (APIs). These APIs are essential for offering one’s services to clients who wish to consume machine to machine rather than through your website. They have become the next big thing after delivering your services [...]
Can NFTs Increase Efficiency in Trade Finance? March 17, 2022 Synopsis: How the traditional processes of trade finance can be streamlined through the use of NFTs. From original works of art to providing proof of ownership to almost any physical asset imaginable, non-fungible tokens (NFTs) are fast emerging from their niche in the crypto sector to find a visible and important position in the global [...]
Rail franchise Govia slapped with £23.5m fine over HS1 scandal March 17, 2022 The government has slapped rail franchise Govia with a £23.5m fine over a breach of an agreement relating to High Speed One. The penalty notice for the company – run by the Go-Ahead Group (65 per cent) and Keolis (35 per cent) – was issued to the operating firm London & South Eastern Railway Limited [...]
‘Financial institutions are losing patience’ with Hong Kong, admits Lam March 17, 2022 Hong Kong’s leader has admitted today that the city’s controversial ‘Zero-Covid’ restrictions are blocking out businesses and wearing down its residents. Carrie Lam has since been forced to reconsider the financial hub’s tough Covid-19 restrictions, while case numbers remain high – but are thought to have peaked. “The time has come” to review the measures, [...]
Ones to watch: UK home to nearly a quarter of Europe’s prospective unicorns March 17, 2022 The UK is home to nearly a quarter of Europe’s prospective unicorns for this year, according to research shared exclusively with City A.M. today. Firms such as Hammersmith-based moving company AnyVan, verification software firm Onfido and apprenticeships group Multiverse have been marked as ‘ones to watch’ by investment firm GP Bullhound and Viva Technology. Outside [...]
Shoppers spend less at Ocado after offices reopen and Covid measures ease March 17, 2022 Ocado customers are spending less through the online grocery delivery service as pandemic habits return to normal. In an eight week trading update, Ocado said its average basket size came in at £124, 15 per cent lower than last year. This was reflective of changing shopper behaviours as customers return to physical supermarkets and offices. [...]
Ceres flies flag for green hydrogen with increasing revenue in 2021 March 17, 2022 Ceres Power Holdings, which produces fuel cell and electrochemical technology, experienced a 44 per cent increase in revenue last year, in part thanks to a £179m fundraising campaign to support green energy. The firm benefited from handing out major contracts, registering a £250m in cash and investments, up from £110m in 2020. Its successful fundraiser [...]
