Taiwanese iPhone maker confirms over £670m stake in ailing Chinese chip firm July 15, 2022 Taiwanese iPhone manufacturer Foxconn has confirmed today it has bought a considerable stake in China’s top chip maker Tsinghua Unigroup, after media speculation earlier in the week. Foxconn, also known as Hon Hai Precision Industry, said it had bought a 17.8 per cent stake in the beleaguered chip firm, in an investment it added is [...]
Revolut hits 20 million users as app toasts seventh anniversary July 15, 2022 Financial app Revolut has just surpassed 20 million retail customers worldwide, and is now processing 250 million transactions a month.
The theories behind a crypto cycle all add up to some number crunching July 14, 2022 Crypto AM meets Globe Derivative Exchange CEO James West - a man who likes to play the numbers game with trends.
Taiwanese iPhone maker snaps up stake in China’s top chip firm amid geopolitical storm July 13, 2022 Taiwanese iPhone manufacturer Foxconn has reportedly bought a stake in China’s top chip maker, amid escalating geopolitical tensions between both nations. The deal, which will require approval from Taiwan’s investment commission, forms part of an effort to increase its chip shareholdings in recent months after demand soared during the pandemic. It comes as state-backed Tsinghua [...]
UKH Hacker Young sanctioned after Laura Ashley audits July 13, 2022 UKH Hacker Young has been “severely reprimanded” and slapped with a £350,000 fine by the accounting watchdog over its audit of Laura Ashley. The Financial Reporting Council has imposed serious sanctions on the firm for its audit of the fashion retailer for the 2018 and 2018 financial years. The retailer, which had 155 UK stores [...]
Tim Westwood scandal blows up as another 10 women come forward and accuse BBC DJ of sexual misconduct July 13, 2022 It was revealed this afternoon that another 10 women have come forward and claim they are victims of sexual misconduct by DJ Tim Westwood, with one alleging he had sex with her when she was 14. The teenager, who uses the pseudonym Esther, said Westwood, now 64, was in his 40s when they had sex [...]
Fruity futures: A guide to buying wine en primeur July 13, 2022 Buying ‘En Primeur’ means purchasing a wine before it is even bottled, let alone released – it is, in essence, a futures market. Originating in Bordeaux but now a concept found across the globe, one purchases the wine upfront, with the duty and VAT payable on arrival. The mutually beneficial element to this is that [...]
777 Partners vice president: ‘We want BBL to be next best rival to NBA’ July 13, 2022 Investment firm 777 Partners is determined to make the British Basketball League (BBL) the second biggest domestic league in the sport, behind the NBA. Since the US company’s acquisition of 45 per cent in the BBL last year, the league has seen record crowds and will have its first team – the London Lions, who [...]
Tax cuts won’t cut it; the new Tory leader must bring about innovation July 13, 2022 As I write, every candidate vying to be the next Conservative Party leader – with the exception of Rishi Sunak – has promised major tax cuts. In many ways this is welcome, as taxes can deter investment and increase the cost of living. During a time where families are struggling to make ends meet and [...]
Hewitson and Whyte can Star at the Valley once again July 12, 2022 UNDOUBTEDLY one of the highlights of the Happy Valley season has been the blossoming partnership of former South African champion jockey Lyle Hewitson and trainer Douglas Whyte. Whyte took Hewitson under his wing shortly after the young pilot returned to action following a horrific injury, which sidelined him for over five weeks, after a fall [...]