Foreign investors pile $1.25bn into Indian delivery startup Swiggy July 20, 2021 Indian food delivery startup Swiggy has rallied $1.25bn in its latest fundraiser, as foreign investors pile into the country’s exploding tech-based startup scene. The latest funding round, led by Japanese SoftBank’s Vision Fund 2 and tech investor Prosus, has driven Swiggy’s valuation to hit an eyewatering $5.5bn, according to TechCrunch. The US’ Goldman Sachs and Qatar [...]
Government to ease lorry driver qualification requirements to tackle shortage July 20, 2021 Ministers have today proposed easing driver qualification requirements in order to ease the current shortage of lorry drivers, which has left supermarket shelves empty around the country. Retailers are battling an estimated shortfall of around 100,000 hauliers as a result of Brexit and the coronavirus pandemic. In a letter to the logistics sector today, the [...]
Fair regulation would prove to be a bullish thing for cryptocurrency July 20, 2021 Whether inside or outside the Metaverse, when you steal from the rich and give to the poor, the economy collapses, argues Dr Chris Kacher.
Nasdaq set to spin out market for pre-IPO shares in deal with banks July 20, 2021 The exchange operator announced a new joint venture with SVB Financial Group (SVB), Citi, Goldman Sachs, and Morgan Stanley that will allow investors to trade in stocks of private businesses. As part of the spin out of its exchange for private businesses, Nasdaq Private market will become a standalone, independent company and receive investments from [...]
Ministers urged to include online adverts in new safety bill July 20, 2021 The government has been urged to include paid-for online adverts in its new online safety bill amid concerns the pandemic has led to a “devastating” surge in scams. Ministers have outlined plans to hold tech companies liable for harmful material posted to their platforms, with the new laws set to be presented to pre-legislative scrutiny. [...]
British warships are traversing the world to the South China sea as the UK strengthens its foreign policy July 20, 2021 The expedition to the South China sea by the Royal Navy’s Carrier Strike Group (CSG) is the largest display of British maritime power in a generation. The group, led by the HMS Queen Elizabeth, is complete with combat jets, two destroyers, two frigates, two replenishment vessels and a nuclear attack submarine. They are supported by HNLMS [...]
China reports highest jump in new Covid cases since January July 20, 2021 China recorded the highest daily tally of new Covid cases since January amid a surge in imported infections in Yunnan province sharing the border with Myanmar. Chinese health officials reported 65 new confirmed cases on Monday, more than double a day earlier. That was the most number of daily new cases since 30 January, when [...]
Pingdemic: 1 in 5 NHS Covid app users have turned contact tracing off July 20, 2021 1 in 5 NHS Covid app users currently have their Bluetooth or contact tracing turned off on their phones, as more than half a million people were “pinged” into isolation last week. As the Delta variant rips through the UK and most restrictions lift, a third of Brits using the NHS app have admitted to [...]
Travers bumps junior lawyer salaries to near six figures as bidding war heats up July 20, 2021 London law firm Travers Smith has upped newly qualified lawyers’ salaries to a base rate of £90,000. Travers becomes the latest firm to join the race for talented junior lawyers, matching their competitor Macfarlanes. Their city rival raised rates by 6 per cent to £90,000 earlier this summer. However, Travers added that recently qualified juniors [...]
High Court rules in favour of government’s traffic light travel system July 20, 2021 The High Court has ruled that the government’s traffic light system for travel was not unlawful, in yet another blow for the aviation sector. A collection of the UK’s biggest airlines and airports, including BA owner IAG, Easyjet, Ryanair, and Manchester Airport Group, had challenged the transparency of the system. As a result of the [...]
