Wizz Air plots Gatwick growth despite Covid-19 quarantine rollercoaster August 25, 2020 The boss of Wizz Air remains committed to more flights from London's Gatwick airport
Linklaters tells lawyers they can spend half their time at home permanently August 25, 2020 Magic circle law firm Linklaters today said its lawyers could spend up to half their time out of the office on a permanent basis. The London-headquartered firm, which has more than 2,000 lawyers worldwide, said the new policy was based on its experience during the coronavirus pandemic. The majority of Linklaters lawyers are still working [...]
Co-operative Bank to cut 350 jobs and close 18 branches after Covid hit August 25, 2020 The Co-operative Bank will lay off around 350 employees and shutter 18 branches as it struggles to deal with the economic fallout from the coronavirus pandemic, it said today. The lender said that record-low interest rates put in place to try to spur the economy had squeezed its income. “We are very sorry to announce [...]
KFC drops Finger Lickin’ Good slogan amid coronavirus pandemic August 25, 2020 Fast food giant KFC has scrapped its “Finger Lickin’ Good” slogan during the coronavirus pandemic. The fried chicken chain will temporarily remove the 64-year-old slogan from its advertising, saying it “doesn’t feel quite right” during the Covid-19 era of hand washing and social distancing. The move comes after KFC pulled a series of adverts featuring customers [...]
Virtual live music business Melody VR buys Napster in $70m deal August 25, 2020 Virtual live music business Melody VR said today it has bought music streaming business Napster in a $70m (£53.8m) deal. Melody VR, which launched in 2018, uses virtual reality technology to allow music fans to experience gigs from artists such as Post Malone, Chainsmokers (pictured), Lewis Capaldi, Blake Shelton, Wiz Khalifa, Kelly Clarkson, Niall Horan, [...]
British Business Bank issues 75,000th startup loan August 25, 2020 The British Business Bank has issued its 75,000th loan under its Start Up Loans programme, marking more than £623m invested in small business across the UK since its launch in 2012. The number of loans for small firms has risen sharply since the start of the pandemic. Between May and July a total of £31.9m [...]
Software giant Aveva buys OSIsoft in $5bn mega-merger August 25, 2020 Industrial software giant Aveva today said it has agreed to acquire US tech firm OSIsoft in a $5bn (£3.8bn) deal. Aveva said the tie-up would bring together the two companies’ “complementary product offerings” in industrial software and data management. The FTSE-listed firm said it will fund the takeover through a combination of rights issues and [...]
Protocol Improvements to Realize the Potential of DeFi August 25, 2020 As decentralized finance, aka “DeFi”, emerges as a blockchain killer app with burgeoning demand, hopeful yield farmers, cross ecosystem liquidity, and a massive inflow of capital, we would all be wise to heed lessons of the past — centralization of financial systems occurs alongside a massive battle over who can front run who. Whether the [...]
Bitcoin Is Here To Stay August 25, 2020 At a time of economic uncertainty, I’m certain about one thing: Bitcoin is here to stay. How can I be so confident? In its short life, Bitcoin has already been counted out numerous times. There is even a website that tracks each of its obituaries. However, each time it has come back stronger, and most [...]
