After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Cryptocurrency slump tempered by trend of ‘buy the dip!’ November 17, 2021 Bitcoin continues to hover around the $60k mark, down two per cent over the past 24 hours at time of writing and 10 per cent over the past seven days.
UK government opens national security probe into Nvidia’s $54bn Arm deal November 16, 2021 The UK government has launched a a full-blown national security investigation into Nvidia’s planned takeover of British chip designer Arm, introducing another obstacle in the way of the $54bn deal. Digital and culture secretary Nadine Dorries has ordered a “phase 2” investigation into whether the deal operates against public interest, thus instructing the UK competition [...]
How have crypto market moves affected consumer behaviour online? November 14, 2021 Ed Lavery explains how crypto market moves have affected consumer behaviour online.
UK government set to launch national security probe into Nvidia’s $54bn takeover of ARM November 14, 2021 Ministers are lining up a full-blown national security investigation into Nvidia’s planned $54bn takeover of British chip designer ARM, after months of negotiations between regulators and the US chip company. The investigation is likely to be announced on Tuesday week, after digital and culture secretary Nadine Dorries orders a “phase 2” probe into Nvidia’s acquisition [...]
US-China rhetoric won’t solve our climate woes if Beijing stays hooked on coal November 12, 2021 In a move reminiscent of the Obama era, the US and China announced a joint agreement on climate change, taking Cop26 attendees by surprise. This commitment to cooperation comes laden with symbolism in a backdrop of wider, intractable tensions in the US-China relationship. But signs of concrete plans remain mysterious. The joint declaration made between [...]
Global luxury market on track to beat pre-Covid sales this year – but Europe lags behind November 11, 2021 The global luxury goods sector is set for a powerful rebound and will outperform pre-pandemic levels this year, but Europe lags behind in the absence of tourists’ purses, consultancy Bain has said. Global sales of personal luxury goods – which include fashion, cosmetics, perfumes, watches, handbags and jewellery – are set to reach €283bn (£242bn) this [...]
Mandarin Oriental lifted by return of international travel November 11, 2021 Mandarin Oriental has reported its first underlying profit since 2019 as the easing of international travel restrictions boosted its financials. The luxury hotel group reported net debt of $568m (£425m) at the close of the period, but insisted the company remains in a “strong financial position” with $162m available in cash reserves and $296 allocated [...]
Nine Elms: Luxury residential tower in Thames City struggles to find buyers November 11, 2021 A residential tower at the centre of the Thames City development in Nine Elms has reportedly struggled to find buyers for its luxury apartments. The skyscraper has sold less than one in 15 homes in its first year of marketing, The Telegraph first reported. The developers have since pointed out to City A.M. that only [...]
British brands to miss out on Chinese shopping occasion Singles Day November 11, 2021 British brands are set to lose out on the Chinese shopping occasion Singles Day today as consumers opt for local brands instead. More than a third of Chinese shoppers said they would buy fewer products from British brands this year compared to last year. Consultancy AlixPartners, who organised the survey of over 2,000 Chinese consumers, [...]
Investors must buckle up as inflation-triggered volatility is set to shake markets, warns City insider November 10, 2021 Investors must avoid complacency and buckle up as inflation-triggered volatility is set to shake markets until the end of 2021, an asset management veteran warns today. The warning from Nigel Green, chief executive and founder of deVere Group, a large asset management and fintech firm, comes as Chinese stocks plummeted to almost their lowest level in [...]