Zomato heading for unicorn status as IPO set to swell valuation July 14, 2021 Indian food delivery app Zomato has gone public as it is heading for a $1.2bn in an initial public offering (IPO). Institutional investors raised $562.3m, as they bid for 35 times more shares than allotted ahead of the much-anticipated offering. The public share sale for Zomato opened today and will close on Friday. Founded in [...]
Every UK job has the potential to be green, government-backed taskforce says July 14, 2021 Every job in the UK has the potential to be green, according to an independent report today, as long as the right investment is unlocked. The Green Jobs Taskforce, which wrote the report and is backed by the UK government, has been set up to build the workforce needed for prime minister Boris Johnson’s ‘green [...]
South Africa rocked by violence as Jacob Zuma riots claim 72 lives July 14, 2021 The death toll in South Africa has risen to 72 following protests against the arrest and detention of former president Jacob Zuma. Several looters, who set alight a number of shopping centres, clashed with police in several cities last night. In Durban, a baby was filmed being thrown off a building due a fire. The [...]
McDonald’s to offer childcare and tuition amid hiring push July 14, 2021 McDonald’s will be offering tuition payments and higher hourly wages as well as childcare support in an attempt to attract workers due to many of its restaurants struggling to employ staff in the US. Since the pandemic, the fast food giant has let staff members go in order to save running costs, but is now [...]
Holiday hotspots Majorca and Ibiza ‘set to go back on amber list’ July 14, 2021 Holiday hotspots Majorca, Menorca, and Ibiza are reportedly set to be put back on the UK’s travel “amber list” after a surge in Covid-19 cases. It has been just three weeks since the Balearic Islands were added to the quarantine-free “green list”, prompting a surge in holiday bookings. It is understood that ministers will update [...]
BT sets sights on Elon Musk’s SpaceX after Oneweb satellite deal July 14, 2021 BT is eyeing up a deal with Elon Musk’s SpaceX as the telecoms giant looks to adopt satellite technology to roll out the UK’s next-generation broadband network. The blue-chip group has already inked an agreement with British firm Oneweb to explore how satellites could be used to beam internet services to rural areas that are [...]
Bridgepoint sets London IPO of up to £2.9bn July 14, 2021 Private equity firm Bridgepoint’s London IPO could value the company at as much as £2.9bn, in the first major UK listing for the industry in decades. The buyout group, which has around €27.4bn of assets under management across equity and debt funds, is looking to raise up to £789m when it lists on the London [...]
Why China’s stunning vaccine surge could be good news for the world July 14, 2021 Not only is the rapid roll-out of Covid-19 vaccinations in China good news for the domestic economy, but it could also potentially see a sharp increase in exports of treatments to other emerging markets (EM). That would help those EM that have so far lagged behind in the vaccination race. And the geopolitical dynamics could [...]
China’s crackdown on crypto continues as more mining projects shut down July 14, 2021 The cryptocurrency industry in China was further hit today as Anhui province said it would close all crypto mining operations due to energy consumption concerns. The province in east China will shut down the energy-intensive projects as part of a package of changes to address a power supply shortage. Cryptocurrency prices continued to drop overnight, [...]
Collective raises £6m with Silicon Valley NFX, amid growing demands for gig worker benefits July 14, 2021 Collection Benefits, a UK insurance tech startup, have raised £6m in a round led by a Silicon Valley venture fund, as the demand for insurance and benefits in the gig economy continues. The year-old insurance provider also announced the appointment of Pete Flint OBE, the co-founder of Lastminute.com and a general partner at NFX, as [...]
