FTSE pushes higher as City awaits Monday’s reopening July 16, 2021 London’s markets rose this morning as the City geared up for Monday’s loosening of coronavirus restrictions and the unlocking of the rest of the economy. Both the FTSE 100 and mid-cap sibling the FTSE 250 are up 0.4 per cent so far today, pushed higher by a raft of heavyweight stocks. Although energy group DCC [...]
Ireland holds position against global corporate tax deal July 16, 2021 Ireland said it is pushing to keep its lower tax rates, denying a report that the country would abandon its 12.5 per cent rate for the proposed global rate of 15 per cent. The country’s finance minister, Paschal Donohoe, told RTE yesterday he was “committed” to maintaining his country’s low tax rate as it has [...]
Ripple gains upper hand as judge slaps down SEC’s bid to remove ex director from court case July 16, 2021 The Securities and Exchange Commission has failed to have its former director scratched from proceedings, handing Ripple’s lawyers a distinct advantage as the drawn-out court case drags on.
Valhalla! Aston Martin’s 950hp ‘road racer’ revealed July 16, 2021 The 217mph Valhalla is a new kind of Aston Martin: mid-engined, hybrid and utterly exotic. We’re among the first to see it at Silverstone.
Goldman Sachs boss champions post-Brexit London and expects 70 per cent of staff back in office July 16, 2021 Goldman Sachs boss Richard Gnodde said the company was as committed to its London head office as ever, buoyed by his belief that the UK capital will remain dominant as a world-leading financial centre post-Brexit. “For us we’ve been very clear, the centre of gravity for our workforce is our buildings, and in London it [...]
Small shops face £1.7bn debt, says report by ex-boss of Iceland July 16, 2021 Small shops are struggling under £1.7bn debt, the former retail chief of Iceland, has warned. Independent businesses’ borrowing increased fourfold during the pandemic, according to the report. While the money borrowed has allowed small shops to survive, the task of paying back the loans still looms over them, said Bill Grimsey, the author of the [...]
Screenshot: Will a streaming overhaul tidy up the UK’s messy music sector? July 16, 2021 This week: **Media Moment of the Week: ‘Oh fiddlesticks’ **Could a streaming crackdown tidy up Britain’s messy music sector? Media Moment of the Week: ‘Oh fiddlesticks’ In a situation you wouldn’t have thought possible in 2021, the BBC somehow found a man in Nottingham on Monday morning who still didn’t know the result of the [...]
India’s tech startup scene takes off as Paytm files for $2.2bn IPO July 16, 2021 Indian fintech startup Paytm has tabled plans to raise up to $2.2bn in an initial public offering, as the pandemic has stoked India’s digital economy. The Alibaba, Berkshire Hathaway, and SoftBank-backed firm said it will issue new shares worth $1.1bn and an offer for sale worth another $1.1bn. The startup, which competes with Google Pay [...]
Intel ‘in talks’ to but chipmaker Global Foundries for $30bn July 16, 2021 Intel is reportedly in talks to buy semiconductor chipmaker Global Foundries for $30bn (£21.7bn), amid the continuing global shortage of the chips. The Wall Street Journal reported that the US tech giant was circling the New York-based firm, which is owned by the Mubadala Investment Company. But Global Foundries said that it was not in [...]
Boeing ordered to check 9,000 737s for switch failures July 16, 2021 The Federal Aviation Administration (FAA) last night told operators of Boeing’s 737 airplanes to carry out checks of the plane’s cabin altitude pressure switches in the latest setback for the aerospace giant. The new directive, which comes just days after the agency found a fault in undelivered 787 Dreamliners, affects some 9,000 planes worldwide. It [...]
