SAP to invest €250m in the UK over the next five years July 19, 2021 SAP said it will invest a quarter of a billion euros in the UK through a UK-based cloud service and new offices, in an announcement today. The company will launch its UK Data Cloud service, establish new offices in London and Manchester and invest further in young talent through its internship programme. It’s new offices [...]
Space Jam: A New Legacy review – a messy Warner Bros advert July 19, 2021 You might think cinematic crossovers are a modern invention, but 25 years ago two icons of entertainment met on the big screen. At the peak of his popularity, Michael Jordan starred in Space Jam, his one and only film role, opposite Bugs Bunny and The Looney Tunes. The film was a box office hit, and [...]
Exclusive: Two City lawyers on a mission to make their fintech the ‘Amazon of Islamic finance’ July 19, 2021 Islamic Finance Guru (IFG), a UK-based Islamic finance platform, has closed an investment round led by Outward venture capital, as the market for Islamic fintech grows. The UK-based startup has raised £3m from Outward VC and B&Y Venture Partners. The news come just a week after the Boubyan Bank Group announced that the world’s first [...]
Africa, an overlooked continent for global investment is becoming a burgeoning Fintech leader July 17, 2021 “But do people in Africa actually play video games?” That’s a question I am often asked when talking about my business, by bemused venture capitalists and startup founders alike, anywhere from London to Hong Kong, New York to Silicon Valley. That one question exposes a persistent attitude towards Africa; that the continent is decades behind [...]
Burberry stock drops as CEO departure spooks investors July 16, 2021 Shares sank 5.5 per cent in luxury fashion brand Burberry today, dragging its total share price to 1,955 as investors seemed uncertain about the company’s direction following its CEO’s exit. The brand pulled in £479m in revenue over the past three months despite over ten per cent of its stores remaining closed due to Covid [...]
Government launches summer jobs site to stave off UK labour shortages July 16, 2021 The government has launched a summer jobs site in a bid to stave off labour shortages that have hit UK businesses across most sectors. The collision of the pandemic and Brexit has driven workforce shortages across construction, retail, hospitality and transport. The lorry driver shortage has also pushed production delays across other sectors, as supermarkets [...]
Decentralisation is taking over the centre of everything July 16, 2021 Decentralisation, among many other things, is going to save the world, says Crypto AM columnist Monty Munford.
Al fresco dining to become a High Street fixture while takeaway pints are extended for a year July 16, 2021 Al fresco dining is set to become a fixture of the high street and takeaway pints will continue for another year as part of a Government strategy to help England’s pubs, bars and restaurants recover from the pandemic. Pavement licences are to be extended and made permanent to allow more customers to eat outside under [...]
India’s tech startup scene takes off as Paytm files for $2.2bn IPO July 16, 2021 Indian fintech startup Paytm has tabled plans to raise up to $2.2bn in an initial public offering, as the pandemic has stoked India’s digital economy. The Alibaba, Berkshire Hathaway, and SoftBank-backed firm said it will issue new shares worth $1.1bn and an offer for sale worth another $1.1bn. The startup, which competes with Google Pay [...]
Government unveils new ‘hospitality strategy’ to boost sector post-Covid July 16, 2021 The UK’s hospitality businesses are set to receive increased support through the government’s vocational training programmes in a bid to boost the sector post-Covid. The new “hospitality strategy” will also see the government work with the British Business Bank and other lenders to “support access to finance for hospitality firms so they can invest in [...]