After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Deliveroo supports Notting Hill Carnival with limited edition patties August 26, 2021 Deliveroo is launching a range of limited edition patties to support the return of the cancelled Notting Hill Carnival in 2022. The delivery giant is teaming up with four of the festival’s ambassadors to roll out patties which are inspired by the Carnival’s history. The themed treats will be available to customers in London and [...]
West watches on as Bank of Korea raises interest rates August 26, 2021 The Bank of Korea is raising interest rates in a shift away from pandemic era monetary policy as the country faces spiralling public debt. The interest rate climbed 25 basis points from a rate of 0.5 per cent to 0.75 per cent following a 10 per cent increase in household debt and a 14.3 per [...]
Bank North bags fresh licence in its bid to localise the future of banking August 25, 2021 Bank North has secured a banking licence from the Bank of England as it looks to target northern cities with regionally focused lenders. The upcoming lender will open in October to small businesses in and around Greater Manchester, with plans to start taking retail deposits next year. The bank’s boss Jonathan Thompson explained that Bank [...]
E-naira: Digitising Nigeria, improving lives, and advancing national infrastructure August 25, 2021 Nigeria is more amazing than the world realises, and the nation deserves far more attention, says Alex Lightman.
Protecting residents, workers, visitors, and businesses in the famous “Square Mile” is the mission for the City of London Police August 24, 2021 The Greater London area is a sprawling metropolis, with a population of more than 14 million. But the City of London itself is just 1.12 square miles with about 8,000 residents. Known as the “Square Mile,” the City is London’s primary business district and a major financial centre that’s home to the Bank of England [...]
Mervyn King: Central banks cannot solve most of society’s problems August 24, 2021 A former governor of the Bank of England has warned that central banks cannot be relied on to solve most of society’s problems. Writing for Bloomberg, Mervyn King said there are “serious challenges to our societies. But the gravity of an issue is not the sole, nor even the most important, criterion for central-bank involvement. [...]
The piggybank: Giving your child a financial head start this tax year August 23, 2021 With eye-watering university fees and spiralling house prices to contend with, you might think you need to be a millionaire to give your child a financial head start in life. Yet investing relatively small amounts of money into a Junior ISA each month could put your child on the path to a more secure future. [...]
PMI: Post-Covid bounce-back slows in August as pingdemic struck August 23, 2021 The UK economy’s post-lockdown boom stalled this month as firms continued to struggle with staff shortages, as a result of the so-called ‘pingdemic’, but strong inflation pressures eased slightly. The IHS Markit/CIPS flash composite PMI dropped for the third consecutive month, sinking to 55.3 from 59.2 in July – its lowest since February- according to the latest [...]
Extinction Rebellion protests cost over £50m August 21, 2021 The cost of policing Extinction Rebellion protests are over £50m, and is expected to rise with more demonstrations planned over the next few weeks, according to reports. The Metropolitan Police’s gold commander for the demonstrations, Rachel Williams, said the figure included the response to two protests in 2019 and one in September last year, when [...]
Pound drops to fresh one-month low against the dollar August 20, 2021 Pound sterling sank to a new one-month low against the dollar today on concerns that the global economic recovery from the Covid crisis is grinding to a halt. The pound lost ground on the greenback, falling 0.19 per cent to $1.3913 during morning trading, a fresh one-month low. It hit an intra-day low of $1.3909. [...]