Bitcoin stands to benefit from US elections October 23, 2020 Opinions are mixed over how the US elections and other significant developments will affect Bitcoin, but one thing is for certain – we’re in for a bumpy ride over the next couple weeks. Back in 2016, the vast majority of political commentators and news outlets predicted a high probability of a Clinton victory. However, as [...]
Ant Group gets final approval for world’s biggest stock market float October 21, 2020 China’s Ant Group today won the final nod from regulators for its $35bn (£26.6bn) initial public offering, clearing the way for what could be the largest-ever stock market debut. The fintech giant, which is backed by Chinese ecommerce group Alibaba, today won approval from the country’s top securities watchdog for its registration in Shanghai. Ant [...]
China’s economy grew 4.9 per cent in third quarter October 19, 2020 China’s economy expanded 4.9 per cent year-on-year in the third quarter, missing expectations but storming ahead of other nations still suffering the economic fallout from the pandemic. Chinese GDP continued its recovery between July and September, marking a second consecutive quarter of growth following a 3.2 per cent hike in the second quarter. The return [...]
French buyers top London prime property purchases as Chinese investment slips October 19, 2020 French buyers have jumped to the top of the rankings for property purchases in prime central London as international investors cash in on the weak pound. Property purchasers from France made up the largest group of buyers for prime spots in the capital in the first nine months of the year accounting for 11 per [...]
UK biotech secures record £1bn investment in third quarter October 12, 2020 The UK biotech industry has enjoyed a boom during the pandemic raising a record £1bn in the third quarter alone. Latest figures from the Bioindustry Association and Clarivate representing the UK’s biotech and life sciences sector show the scale of fundraising accelerated between June and August. While companies involved in developing vaccines or treatments have [...]
Tiktok crashes across UK, Europe, Middle East and Australia October 12, 2020 Tiktok has crashed across the UK, Europe, Australia, and parts of the Middle East, with thousands of users reporting problems connecting to the video platform
Exclusive: Lord Mandelson urges UK to block ‘short-sighted’ Arm takeover October 9, 2020 Lord Peter Mandelson has called on the UK to block the planned $40bn takeover of British chipmaker Arm by Nvidia, describing the deal as “short-sighted” and “completely anti-competitive”. The former business secretary told City A.M. that the acquisition was a “direct threat to our security of supply and sovereignty in the UK and Europe”. US [...]
ETFs are out of focus for most traders October 9, 2020 Investors, avert your eyes. This is for the traders amongst us. For years, if you wanted to trade an opinion on a particular industry, sector, or geography, your vehicle of choice was exchange-traded funds, or ETFs. They are transparent, relatively cheap, and allow high-level opinions to be traded in a single product. But, they’re not [...]
Huawei: ‘Clear evidence’ of collusion with Beijing, MPs warn October 8, 2020 There is “clear evidence of collusion” between Chinese tech giant Huawei and authorities in Beijing, top MPs have warned. In a report published today parliament’s defence committee claimed Huawei was “closely linked” to the Chinese state and the Communist Party. It also cited concerns about Huawei’s receipt of state subsidies and Chinese intelligence laws that [...]
Beyond Imagination: What’s next for the scandal-hit British chipmaker? October 7, 2020 Imagination Technologies this week confirmed the appointment of telecoms veteran Simon Beresford-Wylie as its next chief executive, marking a new chapter for the British chipmaker. The Hertfordshire-based tech firm has been no stranger to scandal in recent months, with MPs lashing out at the company’s ties to a major investor linked to the Chinese state. [...]