Whistleblower says safety is cost centre for Facebook October 25, 2021 Frances Haugen, a former product manager on Facebook's civic misinformation team, appeared before the Joint Committee this afternoon, discussing plans to regulate social media companies.
Net zero shift: Fintech’s urge government to offer discounted green loans to SMEs October 25, 2021 The government has been called on to offer discounted green loans to small and medium sized enterprises (SMEs) as they grapple with the net zero transition. A group of fintech’s led by finance marketplace Funding Options and lender Swishfund has spearheaded the call, as SMEs fall behind in the race to net zero – with [...]
City watchdog beefs up fund rules to prevent future Woodford-style collapses October 25, 2021 The City watchdog has launched a fresh investment fund structure to give investors safer exposure to long-term, more illiquid assets. Long-term asset funds (LTAF) are a brand new type of investment vehicle launched by the Financial Conduct Authority (FCA). They are intended to address liquidity mismatches between a fund’s assets and its possible redemptions, an [...]
What we can expect from Facebook’s Q3 results October 25, 2021 The social media giant Facebook will beat the consensus estimates for revenues and earnings, despite ongoing controversy, if you believe the tech analysts. In the first half of the year, Facebook saw growth of both daily active users, as well as online advertising. This is a trend that many expect to continue when the company [...]
Tesla shares soar as Hertz places estimated $4.4bn order for 100,000 EVs October 25, 2021 Tesla has scored its largest ever electric vehicle order with Hertz requesting 100,000 cars as part of plans to electrify its rental fleet. Tesla’s share price has jumped by 4.53 per cent today and touched a new all time high of $970.84 on the back of the news. In a shakeup for the car rental [...]
UK banks still stung by largest tax raid even if bank surcharge is slashed October 25, 2021 London will sting banks with the largest tax raid out of all of the world’s leading finance hubs even if the Chancellor slashes the bank surcharge at this week’s budget. UK based banks will still be hit by a 46.5 per cent levy in 2024 even if Chancellor Rishi Sunak cuts the bank surcharge to [...]
Heathrow to become hub for eVTOLs after deal with Vertical October 25, 2021 Electric vertical take-off and landing (eVTOL) vehicles could be flying from Heathrow within the next few years. Aerospace and technology company Vertical has announced a collaboration with the London hub to explore how aerial taxis could fly people from the airport to the City in around 12 minutes and at the cost of a taxi. [...]
Shiba Inu coin price tumbles as Elon Musk admits he does not own any October 25, 2021 Shiba Inu coin looked like it was on course for the moon this week until a shock revelation by Elon Musk brought it crashing back down to Earth. Celebrity entrepreneur Elon Musk has confirmed that he does not own any SHIB causing its price to tumble by -11.4 per cent from its all time high of [...]
HSBC online banking hit by an outage, impacting business customers October 25, 2021 HSBC’s online banking has been down this morning, according to reports, which primarily impacted the bank’s business customers. Service complaints spiked at around 9:30am this morning, according to DownDetecter, with more than 60 per cent of the complaints regarding HSBC’s online banking. The issue had largely been resolved by around 11:30am, with reports of the [...]
World will ‘never forgive’ leaders for not making hard choices to save planet, says Lord Deben October 25, 2021 The world will “never forgive” leaders for not making the hard choices needed to save the planet from the climate crisis at COP26, chairman of the UK’s Climate Change Committee has said. “We know that we face total destruction and we know how to prevent it, isn’t that a wonderful challenge,” Lord Deben, also known [...]
