After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
DeFi-ing the rules: five opportunities and five risks of decentralised finance June 29, 2022 In the Star Wars universe, the Force is a mystic energy field generated by living beings that binds the galaxy together. The ability to wield the Force gives Jedi Knights their superhuman abilities, making them peacekeepers of the galaxy. But how powerful would the Jedi be if every ‘transaction’ that used the Force had to [...]
London tops global finance hiring league in sign City retains attractiveness after Brexit June 23, 2022 The City’s jobs market has raced ahead of its competitors to top the global hiring league, reveals fresh research published today. London’s banks, brokers, insurers and money managers are looking to more than double their staffing levels, according to a report by recruiter Robert Walters. The hiring drive has been spurred by firms scrambling to [...]
Exclusive: So Energy criticises ringfencing proposals amid deepening industry row June 22, 2022 So Energy has raised concerns over Ofgem's proposals to reform the energy market, and has called on the regulator to be transparent.
Centrica slams Ofgem after regulator hesitates over ringfencing June 20, 2022 Centrica boss Chris O'Shea has reignited calls for the ringfencing of consumer balances, and has urged Ofgem to speed up reforms.
Octopus Energy locks horns with Centrica over market reforms as bidding war for Bulb lights up June 12, 2022 Two of the UK's biggest energy firms remain at loggerheads over key proposals to fix the industry by ringfencing customer balances.
Marine and aviation insurance premiums more double as policyholders feel hit from Ukraine war May 30, 2022 The cost of insuring certain marine and aviation businesses has more than doubled due to rising costs and the risks associated with the war in Ukraine. Global insurance premiums increased 11 per cent in the first quarter 2022, as conflict in Ukraine pushed up insurance costs worldwide, Reuters said. However, insurance costs have soared particularly [...]
Exclusive: Businesses’ troubles mount as late payment of invoices gets worse and worse May 30, 2022 SMEs are suffering as late payment of their invoices has become a bigger issue in the past 12 months. In fact, nearly one in four (24 per cent) SME owners and managers say delays in payment of invoices have got worse in the past year with 5 per cent saying it has become much worse. [...]
AerCap posts $2bn net loss as jets remain stranded in Russia May 17, 2022 AerCap has posted a $2bn net loss in the first three months of 2022 as more than 100 of its jets remain stranded in Russia following the invasion of Ukraine. The world’s largest aircraft lessor said today that after sanctions were imposed on Moscow by the West, 113 of its jets and 11 engines remained [...]
Credit inclusivity must go beyond buy now pay later to cater for those in need of access May 13, 2022 Credit has a huge inclusivity problem in the UK. It’s encouraging to see buy-now-pay-later (BNPL) firms make moves to share their data with credit referencing agencies (CRAs) ahead of regulatory deadlines. However, there’s much more to be done to help millennials improve their credit, and a real risk in advising consumers to increase BNPL usage [...]
Tingo and MICT agree to merge May 12, 2022 African agri-fintech company Tingo and financial services provider MICT have executed a definitive merger agreement to consolidate both operations across the African and Asian markets.