NFTs could be the inclusive solution to the modern problem of digital ownership November 5, 2021 Though first conceived in 2015, the year when non-fungible tokens (NFTs) truly became a mainstay of the tech zeitgeist is 2021. Rarely a week passes by without major news of the latest star to invest on an eye-watering sale. September closed with news that the viral meme “Side Eyeing Chloe” sold for $75,000. Photoshop recently [...]
How finance can help forge a cleaner future for all November 5, 2021 This article first appeared in ICAS’ CA magazine. Finance can help forge a cleaner future for all, and the contribution of accountants will prove essential, says James Alexander, CEO of the UK Sustainable Investment and Finance Association Earlier this year, the UK Sustainable Investment and Finance Association (UKSIF) celebrated its 30th birthday by publishing its policy [...]
Back to basics: Why Tesla is not like Google and Apple, and it will never be November 5, 2021 Tesla’s market value broke the $1tn mark on 25th October, turning the car-maker into the sixth company to join that exclusive club together with Alphabet, Amazon, Apple, Microsoft and briefly Facebook. But it is so easy to get caught up in the hype that we sometimes forget basic economics. Many commentaries have been outlining “Tesla’s [...]
BEIS committee calls for sector deal to protect steel industry November 5, 2021 The government must establish a new steel sector deal to ensure the UK industry remains competitive, says the business, energy and industrial strategy (BEIS) committee. In its latest report, the committee argues it could resolve long-running issues in the sector such as high energy prices and barriers to supplying steel for major public projects. The deal could [...]
Mayor of New York reveals he will be paid in Bitcoin November 4, 2021 Soon-to-be Mayor of New York, Eric Adams, has declared he will be paid in Bitcoin when he takes office on January 1.
Airbnb reaps rewards of domestic travel boom with record sales November 4, 2021 Airbnb snagged record sales and earnings in its third quarter, beating analyst forecasts and signalling the domestic holiday boom seen in several countries amid pandemic restrictions. Revenue surged 67 per cent to $2.2bn, climbing past analyst estimates of $2.07bn, according to Bloomberg. The holiday rental platform secured $834m in net income in the period, soaring [...]
Uber marks first-ever adjusted profit, swinging from last year’s $625m loss November 4, 2021 Ride hailing giant Uber has posted its first-ever adjusted profits in its last quarter, swinging from an eyewatering $625m loss just a year ago. The $8m profit marks a turning point from both its ride hailing and food delivery divisions. Consumers have begun travelling in greater numbers again, after a more than a year of [...]
Editorial: Bank marched markets up the hill – it can’t be angry they were disappointed they were told to go back November 4, 2021 Bank of England governors have a recent history of not always delivering it comes to guidance. Famously, former Bank chief Mark Carney was labelled an “unreliable boyfriend” for routinely failing to deliver on his words. Current boss Andrew Bailey seems to be eyeing up Carney’s crown after the Bank yesterday decided to hold rates at [...]
Wimbledon looks to stay top of tennis tree with Wimbledon Park development November 4, 2021 THIS is the benefit of having plenty of pairs of shoes in the office,” says Justin Smith as he bounds off up a muddy pathway through Wimbledon Park Golf Club. I, staring at my recently polished City loafers, am less enthusiastic in my stroll, but one gets the sense matching the tiggerish Justin’s enthusiasm on [...]
Independent MP Claudia Webbe given 10-week suspended jail sentence for harassment November 4, 2021 Independent MP Claudia Webbe has been handed a 10-week suspended jail sentence and 200 hours of community service, after being found guilty of harassment. Webbe – who was formerly a Labour MP – was accused of harassing Michelle Merritt through a series of phone calls and text messages between 2018 and 2020. The Leicester East [...]
