Gyms are back: Peloton slims down bike prices for second time in a year August 27, 2021 Fitness machine maker Peloton is set to trim down the price of its bikes, as people trade in DIY home gyms for the real deal. Bikes will be some 20 per cent less expensive from this week onwards, across all its markets in the US, UK, Canada, Australia and Germany at $1,495 each. The company’s [...]
DWS rejects greenwashing allegations after probes launched in US and Germany August 27, 2021 German asset manager DWS has rebuffed claims that it misled clients by overstating its sustainable investing activities, after the news of probes by US and German regulators into the allegations sent shares plummeting. Shares in the €859bn group plunged by as much as 14.2 per cent yesterday, after reports emerged that the German regulator BaFin [...]
Business lunch bookings are booming and the City is leading the charge August 27, 2021 Working lunches have bounced back after more office workers returned to the City following Freedom Day, according to new data. Reservation platform TheFork UK has revealed a 26 per cent jump in lunchtime bookings following ‘Freedom Day’, or 19 July, when the government dropped its work from home message and the final lockdown rules and [...]
Air Partner shares climb as super-rich private jet bookings soar August 27, 2021 Shares in private jet hire firm Air Partner climbed 5.1 per cent this morning after the firm said that US bookings in the first half of the year were above pre-pandemic levels. Such has been the rise in bookings, the firm has been able to offset the decline in business travel, which remains in the [...]
The Hut Group billionaire Moulding loaned £151m from local council August 27, 2021 The billionaire owner behind The Hut Group (THG) has been lent £151m by Warrington council, after it secured a £4.5bn stock market listing last year. THG’s Matt Moulding was given access to a £200m loan facility by the Cheshire local council in October for Icon 3 Holdco, a company he indirectly controls. In one of [...]
China targets internet algorithms that risk public order or ‘encourage addiction’ August 27, 2021 China has proposed a ban on algorithms that “encourage addiction or high consumption”, or risk national security or public order, in another round of its regulatory crackdown. In draft guidelines published by the Cyberspace Administration of China (CAC) today, algorithm providers with “social mobilisation capabilities”, or algorithms with large public influence, should first apply through [...]
Seven million unemployed Brits not looking for work because they do not want a job August 27, 2021 Around seven million people in the UK who are unemployed are not looking for work because they do not want a job, according to official figures. Data from the Office for National Statistics shows of the 13m Brits who are not looking for work, over half said they were doing so because they did not [...]
Credit Suisse moves forward with six-figure junior banker salaries August 27, 2021 Credit Suisse has hiked salaries for first year analysts to $100,000 following other big banks increasing pay for juniors. The Wall Street bank has become the last major investment bank to offer six-figure entry level salaries to bankers. Analysts within Credit Suisse’s investment banking and capital markets unit were reportedly told the bank would pay [...]
Digital Rupee: Trial confirmed as worldwide interest in digital currency grows August 27, 2021 The Reserve Bank of India has announced the start of trials for an electronic rupee amid growing international interest in digital currency. Yesterday, central bank governor Shaktikanta Das confirmed that trials could begin as early as December. “I think by the end of the year, we should be able to – we would be in [...]
Barclays targets $3.8bn Gap-branded US credit card portfolio August 27, 2021 Barclays’ US division will buy a $3.8bn credit card portfolio in a co-branding deal with retailer Gap, in a bid to up its market share in the US. Four months after initially reaching an agreement with the clothing giant to partner and create co-branded credit cards for Gap customers, the bank has announced it will [...]
