After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Lockdown propels technological revolution for small businesses June 30, 2020 Small businesses in the UK achieved three years of innovation in just three months during lockdown, new research has found, as the coronavirus crisis spurred British business to adopt unprecedented changes to survive. More than a third of businesses in the UK have changed or are changing their operating model to adapt to new consumer [...]
Boris Johnson to ‘build, build, build’ UK back from coronavirus slump June 30, 2020 Boris Johnson will today pledge £5bn in fast-tracked infrastructure investment as he promises to “build, build, build” the UK’s economy out of the coronavirus crisis. Drawing inspiration from US president Franklin Delano Roosevelt’s “new deal” after the great depression of the 1930s, the Prime Minister will seek to create jobs and drive investment through a [...]
Future Fund bailout scheme for startups extended to firms moved abroad June 30, 2020 Britain is to expand a coronavirus bail-out scheme for startups to include those that had previously been blocked after moving overseas to tap foreign investors. In a roll-out to be announced by chancellor Rishi Sunak today, the government will have stakes in dozens of UK startups through its Future Fund scheme. The programme, initially announced [...]
UK mortgage approvals plunge to record low as coronavirus hammers economy June 29, 2020 UK mortgage approvals fell further to hit a record low in May as the coronavirus pandemic continued to hit the housing market, according to the latest Bank of England figures. Some 9,300 new loans for houses were approved last month, down from April’s 15,900. Economists polled by Bloomberg had been expecting 25,000 approvals for May. [...]
UK debt office plans record bond sales to help struggling economy recover June 29, 2020 The UK will sell a record amount of government debt this year, testing the level of demand for gilts as Britain grapples with the economic fallout from the coronavirus pandemic. The UK’s Debt Management Office (DMO) this morning announced plans to sell a further £50bn of bonds by the end of August, bringing its issuance [...]
Boris Johnson prepares spending splurge for ‘thunderclap’ economic downturn June 28, 2020 Boris Johnson has pledged to spend tens of billions of pounds on a raft of infrastructure projects and jobs programmes to help the UK economy bounce back from the coronavirus crisis. Johnson said he would “double down” on his election commitment to “level up” the country and would fast track a swathe of infrastructure projects. [...]
Virgin Atlantic seeks up to £900m in rescue bid after coronavirus turbulence June 28, 2020 Embattled airline Virgin Atlantic is looking to raise up to £900m in a last-ditch rescue bid days after it said it was unlikely to secure a government bailout. The carrier, founded by Sir Richard Branson in 1984, has beefed up its original £750m cash call amid forecasts for an extended recovery period for the aviation [...]
Markets live: FTSE 100 gains on Sunak’s hints of additional fiscal stimulus June 26, 2020 The FTSE 100 clawed back some of the week’s losses as investors took comfort in Rishi Sunak’s hints at potential additional stimulus. The blue-chip index opened 1.07 per cent higher before climbing to trade up 1.5 per cent by 1.50pm. However, the FTSE 100 is on track for a two per cent loss across the [...]
Rishi Sunak says government bailouts are a ‘last resort’ June 26, 2020 Rishi Sunak has said that government bailouts are not an “attractive long term feature of the economy” as companies grapple with the impact of coronavirus. Speaking to Bloomberg TV, the Chancellor said the government is the last resort and the bar is “exceptionally high” for company bailouts. He noted: “This is not my money. It’s [...]
Google reveals coronavirus support package for UK businesses June 26, 2020 Google has today launched a number of pledges to support British small businesses during the pandemic, as part of a bid to help companies stay open through boosting online performance. The tech firm said it has set a goal of helping 1m businesses by the end of 2021, particularly focusing on those which rely on [...]