Five years in the making: the hard fork to end all hard forks July 29, 2020 Ever since entering the blockchain space, with a view to building my own project Vaureum, I have been searching out best of breed partners to work with. It was in November 2017 when an associate with a number of patents under his belt said to me ‘if you are looking to do anything in the [...]
The City View: Surrey cricket chief Richard Gould July 29, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy Silvester is joined by Richard Gould, chief executive of Surrey County Cricket Club. Richard talks about the business of sport, the trial events at the Kia Oval and the future of cricket as it looks to attract new audiences. Andy also looks at Barclays results and Jes [...]
Big Tech vs Congress live: Facebook, Google, Apple and Amazon face Washington grilling July 29, 2020 Welcome to City A.M.’s Big Tech vs Congress live blog. Please refresh this page for live updates. Big Tech faces its day of reckoning today as the world’s four biggest tech moguls appear before the US Congress in Washington to face a grilling over their companies’ size and power. Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, [...]
Richard Moore named as new MI6 spy chief July 29, 2020 Former diplomat and ambassador Richard Moore has been hired as the next boss of the UK’s Secret Intelligence Service (SIS), also known as MI6. Moore has worked in the past as the UK’s ambassador to Turkey, the Deputy National Security Adviser in the Cabinet Office and is currently the Foreign Office’s political director. He also [...]
Prime house price growth slows to lowest rate in 11 years July 29, 2020 House price growth in global prime residential markets slowed to the lowest rate in 11 years in June as the coronavirus pandemic took its toll. The Knight Frank prime global cities index increased 0.9 per cent in the year to June, down from 2.3 per cent in March. It is the slowest rate of growth [...]
Rolls-Royce reportedly mulling £1.5bn rights issue to counter aviation slump July 29, 2020 Engine maker Rolls-Royce is reportedly considering a share issue to raise up to £1.5bn after the slump in aviation due to the coronavirus pandemic left a large dent in its financial position. Earlier this month the engineer, which makes engines for the Boeing 787 and Airbus 350 planes, reported cash outflows today of £3bn for [...]
Markets live: FTSE 100 rises as investors eye Fed decision July 29, 2020 The FTSE 100 hung on to gains and US stocks rose as investors eyed potential stimulus from the US Congress and Federal Reserve and a torrent of earnings reports delivered mixed results. London’s blue-chip index rose 0.1 per cent to 6,135 points. The FTSE 250 of smaller firms fell 0.1 per cent, however. Read more: [...]
Wiley apologises for ‘generalising’ Jewish people in antisemitic tweets July 29, 2020 Disgraced rapper Wiley has apologised for “generalising” Jewish people after a string of offensive tweets, but has refused to acknowledge his comments were antisemitic. The British rapper went on a two-day Twitter tirade starting on Friday, calling Jewish people “cowards and snakes”, asserting they controlled the justice system and compared the Jewish community to the [...]
Mike Ashley’s Game offloads UK e-sports arena network July 29, 2020 Game Digital is selling off its Belong Gaming e-sports arena network to US startup Vindex, following the forced closure of its locations during the coronavirus pandemic. New York-based Vindex intends to immediately begin rolling out new locations across the US, with Game Digital’s chief executive Martyn Gibbs to join the firm as Belong’s new boss. [...]
Pizza Hut hires advisers to explore insolvency agreement July 29, 2020 Casual dining chain Pizza Hut has reportedly hired advisers to explore a potential insolvency agreement, which could involve significant job cuts. Pizza Hut Restaurants has hired restructuring firm Alvarez & Marsal to weigh up a company voluntary arrangement (CVA), Sky News reported. A final decision has not yet been taken but an insolvency agreement is [...]
