Gatwick unveils plans for permanent second runway despite Covid hit August 25, 2021 Gatwick Airport has today unveiled its full plans to add a second permanent runway despite the current shortage of passenger numbers due to the coronavirus pandemic. Under the scheme, which was first announced back in 2018, the Crawley airport’s northern runway, which is currently used in emergencies and as a taxiway, will be modified for [...]
Japan’s top medical advisor slams Olympics chief Bach over return to Tokyo August 25, 2021 Japan’s top Covid-19 advisor has blasted International Olympic Committee (IOC) chief Thomas Bach for returning to Tokyo to attend the opening ceremony of the Paralympics. Bach’s visit comes as the country continues expanding emergency curbs to contain the pandemic. Shigeru Omi, chairman of a government subcommittee on the coronavirus response, criticised the decision at a [...]
Pinduoduo shoot up 22 per cent after donating £1bn to Chinese agriculture sector August 25, 2021 Chinese e-commerce group Pinduoduo said it would donate RMB 10bn (£1.12bn) in future earnings to contribute to the development of agriculture as part of the country’s “common prosperity” vision. Shares for the Nasdaq-listed company were up 22 per cent following the announcement of the programme. Pinduoduo reported its first-ever quarterly profits as a public company [...]
City Pages Review: The legacy of Donald Trump and Vladimir Putin’s bizarre bond August 25, 2021 Since the curtains came down on 2019, many of us have spent more time inside our homes than we had ever imagined. The pandemic has thrown up political and social change rarely seen in peacetime, but living through and talking about Covid has consumed incredible amounts of oxygen, often to the exclusion of other worthy [...]
Competition watchdog blasts PCR test firms over consumer law breaches August 25, 2021 The UK competition watchdog has warned of a potential crackdown on PCR Covid test providers amid concerns they may be breaking consumer law. In an open letter the Competition and Markets Authority (CMA) raised concerns about a number of harmful practices in the sector. These included advertising up-front prices for PCR tests that do not [...]
EY handed fine for botched Stagecoach audit August 25, 2021 The Financial Reporting Council (FRC) has landed EY and its Audit Engagement Partner, Mark Harvey with £2.3m in fines. The FRC said that an EY audit of StageCoach, an international travel company, “did not satisfy the audit reporting requirements” for the 2016-2017 financial year. Claudia Mortimore, the Deputy Executive Counsel to the FRC said: “the [...]
Klarna hits 20m US users as it eyes stock market listing August 25, 2021 Payments firm Klarna has reported a leap in US transactions via its platform in the second quarter, ahead of an expected stock market debut. The Swedish “buy now, pay later” company said its number of users in the US grew by three million to 20 million and it would continue to eye new markets. “With [...]
As DeFi gathers momentum, how will regulators protect investors? – CityAM : CityAM August 25, 2021 Decentralised (DeFi) Exchanges continue to gain a growing number of users as the level of trading and wide selection of assets and services they offer expands. The total value of assets in DeFi is now over $84billion compared to only $1.8 billion in June 2021. So, what is driving this expansion of DeFi? DeFi enables owners [...]
Covid protection from two vaccine doses fades after six months August 25, 2021 Protection against Covid offered by two doses of the Pfizer and the AstraZeneca vaccines begins to fade within six months underscoring the need for booster jabs according to UK researchers. Scientists behind the Zoe Covid Study app said that effectiveness of the Pfizer vaccine against infection fell from 88 per cent to 74 per cent five to six [...]
Ever wondered what life is really like at eClerx? We got the inside scoop August 25, 2021 eClerx was founded in 2000 by Anjan Malik and PD Mundhra with the goal of transitioning, managing and transforming complex business processes. Following successful careers in investment banking, Anjan and PD, graduates of University of Pennsylvania’s Wharton School of Business, jointly identified significant opportunities for providing innovative services and solutions to large global companies undergoing [...]
