TikTok’s rocket revenue slows down as China tightens grip on big tech January 20, 2022 TikTok's momentous ascent may be slowing as insiders reveal that revenue grew by 70 per cent year-on-year to around $58bn in 2021, down from its 100 per cent growth rate in 2020.
The world in 2022: a map to global politics January 19, 2022 In 2022 the fault lines of global politics will be tested again. City A.M. and the British Foreign Policy Group chart the year ahead. If the pandemic taught us anything, it is the deep ramifications that one country’s domestic politics have globally. From the future of the French President to continual Chinese aggression, here we [...]
Remembering the birth of the the metaverse January 18, 2022 Dr Chris Kacher looks back on the foundation days of the metaverse - a time when he was known as Damien the Dreaded and Redrum.
Oil prices climb to seven-year highs with OPEC bullish amid tightening supplies January 18, 2022 Oil prices rose to seven-year highs today, with both major benchmarks rallying amid tightening supplies and festering geopolitical tensions.
‘Stakeholder capitalism is not woke’ says BlackRock boss January 18, 2022 The boss of the world’s biggest asset manager BlackRock has called on businesses to deliver purpose as well as profit.
The ESG regulation race is on January 18, 2022 If you are struggling to keep up with all the ESG regulation that is emerging around the world, you are not alone. The volume of new rules may feel overwhelming or even intimidating. It helps to remember what they try to do: making sure that the investments we need to get our economies to a [...]
Davos: Xi says China’s ‘common prosperity’ drive is not egalitarianism January 17, 2022 Xi Jinping has declared China’s “common prosperity” agenda, which has seen a government crackdown on wealthy firms, is not about pursuing egalitarianism. The Chinese President also called for a change to the current “Cold War mentality” in light of the growing conflict between China and the US. Beijing’s common prosperity drive is aimed at narrowing [...]
Venture capitalists pump £74bn into China, despite regulatory storm January 12, 2022 China’s regulatory storm has not deterred business, nor investors, after venture capitalists pumped more than £74bn into the country last year, new data has revealed. The VC market looks ‘surprisingly upbeat’, after investment swelled nearly 48.9 per cent year-on-year, according to GlobalData. Meanwhile, deal volumes jumped nearly 32 per cent to 4,302 last year, up [...]
Nickel prices rise to 10-year highs as car giants embrace electric vehicles January 12, 2022 Nickel prices surged to decade-highs on Wednesday, as car giants scramble to secure supplies for electric vehicle batteries as the market booms.
Top Chinese economist suggests £230bn plan to boost shrinking population January 11, 2022 A top Chinese economist has advised the central bank to print around £230bn worth of extra cash a year over the next decade, in a bid to incentivise the population to have more children. The capital would be used to subsidise housing costs, as well as build more childcare facilities, chief economist at SooChow Securities [...]