Microsoft announces its own metaverse November 2, 2021 Microsoft has said that in the first half of next year, users of its Teams collaboration software would be able to appear as avatars in video meetings, signalling a shift to the metaverse.
The next memestock? Avis shares rocket 218 per cent in a single day November 2, 2021 Shares in car rental giant Avis are surging this afternoon after positive earnings data, leading some to compare the jump to those of memestocks Gamestop and AMC. Its stock price is currently trading up 81.5 per cent to $316, after paring some early gains. Avis shares were rallying as much as 218 per cent immediately [...]
Four more suppliers collapse as UK energy crisis shows no signs of improving November 2, 2021 Four more energy suppliers are set to stop trading from today due to UK’s energy crisis, which brings the total of collapsed firms to 18. Omni Energy, MA Energy, Zebra Power, and Ampoweruk leave some 23,700 domestic and non-domestic customers awaiting a new supplier, which will be appointed by industry regulator Ofgem. It follows fellow [...]
FCA: Wild west crypto market provides is hotbed for money laundering November 2, 2021 The wild west crypto market poses a real risk to the strength of the UK financial system by allowing fraudsters to conduct widespread money laundering and financial crime. That’s the warning shot from the City watchdog’s digital tsar, who slammed cryptocurrencies for often harming and exploiting consumers. Jessica Rusu, chief data, information and intelligence officer [...]
Business travel to reach two thirds of pre-pandemic levels by 2022 – CityAM : CityAM November 2, 2021 Business travel spending is expected to rise by more than a quarter, reaching two thirds of pre-pandemic levels by 2022. According to a report made by the World Travel and Tourism Council (WTTC) and McKinsey, this year’s 26 per cent rise in global travel spending will increase in 2022, going up by 34 per cent. [...]
Johnson apologises to Israeli minister who was unable to access COP26 in wheelchair November 2, 2021 Prime minister Boris Johnson has apologised to an Israeli minister who was unable to access COP26 in her wheelchair, and had to return to her hotel 50 miles away. Johnson said he was sorry for the “confusion” when he met minister Karine Elharrar with Israel’s prime minister Naftali Bennett. Elharrar, who has muscular dystrophy, told [...]
Cop26: Major economies sign deal to promote emerging green technologies November 2, 2021 The world’s ten largest economies have today signed up to a commitment to work with businesses to encourage tens of billions of pounds of investment into emerging green technology. The deal, signed at Cop26 by the 40 countries that make up 70 per cent of the globe’s economic activity, will see “countries and businesses … [...]
Pfizer enjoys 130 per cent revenue boost as Covid-19 vaccine roll out continues November 2, 2021 Pharmaceutical giant and vaccine maker Pfizer has enjoyed a more than 130 per cent revenue boost in its third quarter, as the global vaccine drive continues. Pfizer pulled in a revenue of $24.1bn in its third quarter, up from $10.27bn in the same period last year. While revenue for its vaccine branch Comirnaty came in [...]
Shipping delays will continue into next year, Maersk warns November 2, 2021 The supply chain crisis will extend into next year, Maersk has warned today while the the world’s largest container shipping group sees profits rise. A shortfall in the number of truck drivers, particularly in Britain and the US, has stopped hundreds of container vessels from being able to deliver goods around the world, the group [...]
Cop26: Boris Johnson calls for end to ‘great chainsaw massacre’ in wake of deforestation deal November 2, 2021 Boris Johnson has called for an end to the “great chainsaw massacre” in the wake of a landmark deal signed yesterday by world leaders to reverse deforestation. Johnson said at the United Nations’ Cop26 climate summit today that the deal is “not just a vital win in the struggle to contain global temperature increases, it [...]
