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. [...]
Billionaires’ wealth swells to record $10.2 trillion during pandemic October 7, 2020 The world’s billionaires got a whole lot richer during the pandemic, seeing their collective fortunes rocket to a record height of $10.2 trillion (£7.9 trillion) in the height of the coronavirus crisis. The super-rich cashed in on lockdown shopping trends and a V-shaped economic rebound to boost their wealth more than a quarter from April [...]
Raab: China and Russia ‘took advantage’ of Covid to break international law October 6, 2020 China and Russia have used the Covid pandemic to carry out cyber attacks and clamp down on human rights, according to foreign secretary Dominic Raab. Raab said today that the “usual suspects” of Iran, Russia and China have tried to “take advantage of the crisis”, with Beijing’s Hong Kong clamp down used as an example. [...]
5G rollout across Britain set to create 5,000 jobs October 5, 2020 Telecoms firms have pledged to create 5,000 new UK jobs through the rollout of 5G technology across Britain, marking a rare bright spot on the bleak jobs horizon during the pandemic. Liberty Global, which owns Virgin Media, and O2’s Spanish owner Telefonica, have announced plans to create 4,000 jobs and 1,000 apprenticeship roles in the [...]