Eurozone economic growth outstrips forecasts July 30, 2021 The Eurozone economy is recovering much faster from the Covid crisis than experts’ forecasts as the vaccine rollout and the reopening of the services industry boosts consumer spending, shows new figures published today. The Eurozone economy grew two per cent in the second quarter of this year compared to the same period last year, according [...]
Microsoft in talks to back pandemic bruised Indian hotel chain Oyo July 30, 2021 Microsoft is in late-stage talks to invest in Indian budget hotel chain Oyo, according to reports, after a bruising 18 months for the business. The backing would value the startup at around $9bn, sources said, although the investment figure is not yet known. The deal may close as soon as Friday, one source said. The [...]
More IPO leaders called Steve than female led ones July 30, 2021 Female founded IPOs have accounted for 3.6 per cent of all IPOs since 2016, according to new research. The data, which reviewed the last five years of IPO activity, showed that out of the 276 companies that went public on the London Stock Exchange between 2016 and 2020 – just ten were led by a female CEO or founder. [...]
The Suicide Squad review: DC antiheroes get film they deserve July 30, 2021 If there’s one group that deserves a second chance, it’s Suicide Squad. David Ayer’s 2016 original had a lot of promise but became a lesson in studio interference, held back by a nervous Warner Bros who made their own edit that was poorly received. This week’s The Suicide Squad also had a turbulent path to [...]
BA owner IAG dives to fresh €2bn loss July 30, 2021 British Airways owner IAG today plunged to a €2bn (£1.7bn) half year loss as continued travel restrictions continue to batter the airlines group. In the second quarter, the FTSE blue chip said that its airlines flew at a combined capacity of 21.9 per cent. For the coming period, it expects this to rise to 45 [...]
GMB calls for clarity over Sizewell C funding July 30, 2021 The energy workers union has today called on the government to end the uncertainty over the future of Sizewell C nuclear plant after reports emerged that ministers were looking to end China’s involvement in the project. GMB union said that if the government were to do so, it should lay out alternative funding arrangements for [...]
Q&A: How global cities could benefit from green dividends July 30, 2021 One of the biggest challenges facing the real estate sector is how to cut its greenhouse gas (GHG) emissions and become more sustainable and energy efficient. The sector has one of the highest carbon footprints of any sector. It currently accounts for 30% of global annual GHG emissions and consumes around 40% of the world’s [...]
Deliveroo set to pull out of Spain following gig economy law changes July 30, 2021 Deliveroo is set to shut down its operations in Spain, months after the government announced changes to the legal status of gig economy workers. The British company, which listed in London earlier this year, said it would consult on pulling out of the market due to the high levels of investment needed and uncertainty over [...]
Hong Kong: First person charged under national security law sentenced to nine years July 30, 2021 The first person to be charged under Hong Kong’s national security law has been sentenced to nine years in prison. Tong Ying-Kit was arrested following a pro-democracy protest in the city last July in which he rode a motorbike into three police officers flying a flag with the phrase “Liberate Hong Kong, revolution of our [...]
Mishcon de Reya and ex partner face prosecution by solicitors regulator over sports clients money July 30, 2021 Mishcon de Reya and its former head of sport are being prosecuted by a legal regulator for how the prestigious city law firm handled money for some of its sports clients. Both Elizabeth Ellen, who stepped down as a partner at Mishcon to set up a sports consultancy last year, and the law firm would [...]
