Sir Clive Sinclair: Inventor behind the home computer and pocket calculator dies September 17, 2021 Inventor Sir Clive Sinclair – the man behind the home computer and the pocket calculator – has died at the age of 81. The computing pioneer passed away at his London home yesterday morning, according to his daughter Belinda Sinclair. Sinclair, known for his ZX models, received a tribute from Tesla and SpaceX boss [...]
A confusing catalogue of crypto curiosities – what a week that was! September 17, 2021 It's been a strange week in the world of crypto, writes Jason Bourne, as we reflect on a catalogue of curiosities.
Slot wars on the cards as Asian regulators threaten retaliation over new EU rules September 17, 2021 The aviation industry could be on the brink of a new trade war after Asian regulators warned they could retaliate over EU plans to force carriers to use 50 per cent of their take-off and landing slots during the winter season. Having frozen slot rules during the pandemic, the bloc in July announced that airlines [...]
El Salvador Court to investigate Bitcoin roll out September 17, 2021 El Salvador’s Court of Accounts will investigate government Bitcoin purchases and crypto ATMs after receiving a complaint from a human rights watchdog. Earlier this month El Salvador became the first country in the world to make Bitcoin legal tender, requiring businesses to accept crypto payments alongside the dollar. The policy, spearheaded by El Salvador’s popular, [...]
JP Morgan’s digital retail bank Chase to launch in UK next week September 17, 2021 JP Morgan will next week launch its new digital-only lender ‘Chase’ in the UK, as it aims to become one of the biggest banks in the country. In its first international expansion through a retail operation in the bank’s 222-year history, JP Morgan will initially offer only current accounts through the new lender Chase, before [...]
FCA: UK listing regime has been ‘slow’ and ‘missed the boat’ September 17, 2021 The City watchdog has labelled the UK’s listing regime as being historically “slow” and missing the boat on attracting fast-growing tech companies. Speaking at an event examining the new listing proposals put forward by the Financial Conduct Authority, Clare Cole, the regulator’s director of market overnight, said London’s listing rules have “often [been] slow and [...]
China: what zero tolerance, supply chain disruption and floods mean for economic growth September 17, 2021 Ongoing disruptions mean that we have lowered our forecast for growth in China this year. Activity lost due to outbreaks of Covid and supply chain bottlenecks will be largely recouped, but the lagged effects of past policy tightening are only just starting to take effect. As a result we continue to expect growth to slow [...]
Largest-ever wealth drop: Chinese e-commerce mogul loses $27bn September 17, 2021 The founder of a Chinese e-commerce platform has reportedly seen his wealth nosedive $27bn this year – the largest wealth drop in the world on record. Colin Huang, who made his wealth through his platform Pinduouo (PDD), has suffered as a result of China’s hawkish regulations on internet and technology firms. The biggest plunge in [...]
Gas price surge forces industrial sites to close September 17, 2021 Two industrial sites that produce a combined 40 per cent of the UK’s fertiliser have been forced to halt operations due to recent record gas prices. The Times reported that CF Industries had shuttered its plants at Billingham in Teesside and Ince in Cheshire as a direct result of the price spikes. The closures came [...]
Next to run Gap’s UK operation in joint venture September 17, 2021 Next will manage Gap’s online business in the UK and Ireland as a franchise partner, after the companies finalised an agreement. The fashion companies announced they will form a joint venture with Next owning 51 per cent and Gap owning 49 per cent. Next will operate Gap’s e-commerce business across the Next Total Platform, host [...]
