Airbnb boss banks on long-term shift to remote working May 26, 2021 Airbnb is “not just a travel company anymore”, boss Brian Chesky has said, as he threw his weight behind a long-term shift to home working. The rental booking chief has unveiled a string of changes to the platform aimed at capitalising on new travel habits in the post-pandemic age. Chesky said Covid-19 had sparked the [...]
BoE policymaker urges regulators to probe $10bn Archegos collapse May 26, 2021 A Bank of England’s policymaker has urged that financial regulators today should have a cross-border inquiry into how the collapse of US investment fund Archegos cost banks more than $10bn. Anil Kashyap, a BoE financial policy committee member, also warned that new European Union bank capital rules could have “tragic” outcomes if abused. Archegos collapse [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 26, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Johnson & Johnson hires EU consumer health director US pharmaceutical giant Johnson & Johnson has hired a new London-based area managing director for consumer health in northern Europe. Charmaine England, who [...]
Cummings: Boris Johnson called Covid-19 a ‘scare story’ and ‘the new swine flu’ May 26, 2021 Cummings: Boris Johnson called Covid-19 a 'scare story' and 'new swine flu'
Paysend raises $125m Series B round as it eyes further global expansion May 26, 2021 Global payments platform Paysend has secured a $125m Series B round to help further fund its global expansion plans. Paysend, which launched four years ago, allows customers and businesses to send money online from anywhere in the world in any currency. It boasts more than 3.7m customers in over 60 countries since its launch. “Our [...]
London and south east now accounts for £4 in £10 of total UK economy May 26, 2021 London accounts for almost a quarter of the UK’s total economic activity, according to new figures from the Office of National Statistics. The capital accounted for 22.7 per cent of total UK Gross Domestic Product in 2019, and 23.8 per cent of total Gross Value Added. Read more: Beyond Pret sandwich sales, how do we [...]
Bitcoin back over $40,000 as recovery continues May 26, 2021 The recovery in the crypto markets continues today, with Bitcoin again trading at more than $40,000.
Top UK civil servant wanted to run Covid ‘chicken pox parties’ in March 2020 May 26, 2021 Dominic Cummings has apologised for the UK’s slow response to the Covid-19 pandemic, while saying Boris Johnson did not take the virus seriously even in February 2020. He said “senior officials and advisers such as me fell disastrously short” of expected standards during February and March of 2020 and that thousands died “unnecessarily”. Johnson’s former [...]
Value of UK house sales to jump 46 per cent this year but London lags behind May 26, 2021 The total value of houses sold in the UK is set to reach £461bn this year, a 46 per cent jump on 2020, according to new data. Property website Zoopla predicts that the current housing market boom is likely to surge to its busiest rate for 14 years. The forecast comes after data last week [...]
Directors’ case studies on their wider section 172 responsibilities May 26, 2021 ICAS has published a collection of case studies to support the application of directors’ section 172 duties. Our publication consists of real-life case studies that have been gathered from a wide range of CAs in their capacity as board members in both private and listed companies. They outline the judgements board members applied and how different [...]
