British banks in Hong Kong have traded away their principles September 30, 2021 Hong Kong has been a crucial economic gateway between East and West for decades. As one of the biggest markets in the world, the city has punched well above its weight on the international business stage. With recent political and social upheaval and repression, however, that reputation is changing. Despite a shift in the global [...]
US markets slide on tech companies despite 3 year high for oil September 27, 2021 In the US both the S&P 500 and the Nasdaq indexes took a tumble from their previous close prices as technology companies spearheaded losses. The S&P 500 was down 0.28 per cent at the open despite a standout performance by energy stocks on the back of surging oil prices. Occidental Petroleum Corp jumped by 7.86 [...]
Priti Patel’s encryption war is a master key for surveillance September 24, 2021 Priti Patel has put encryption in her sights. The Home Secretary has backed a campaign to prevent Facebook rolling out end-to-end encryption across its many platforms, accusing secure messaging sites of harbouring pedofiles. Patel wants a back door to privacy. This month, the Home Office launched a new fund to combat child sexual abuse material [...]
Priti Patel’s encryption war is a master key for surveillance – CityAM : CityAM September 24, 2021 Priti Patel has put encryption in her sights. The Home Secretary has backed a campaign to prevent Facebook rolling out end-to-end encryption across its many platforms, accusing secure messaging sites of harbouring pedofiles. Patel wants a back door to privacy. This month, the Home Office launched a new fund to combat child sexual abuse material [...]
Goldman Sachs exec who led consumer banking push due to exit September 23, 2021 A Goldman Sachs executive at the forefront of the company’s push into consumer banking is due to exit in October. Harit Talwar was the first employee of Marcus, the bank’s consumer lending business which now has 8m customers, $100bn (£72.8bn) in deposits and boasts partnerships with brands including Apple, Amazon, Walmart and General Motors. In [...]
All EU devices to use a common charger port in major setback for Apple September 23, 2021 In a major setback for Apple the European Commission has issued a directive calling for all EU mobile phones, tablets and headphones to use the same charger. The European Union executive said the move will bring environmental benefits as well as saving European citizens an estimated €250m (£214m) each year. The directive will mandate the [...]
New Lotus Emira First Edition to cost £75,995 September 23, 2021 Lotus has confirmed prices for the launch-spec Emira V6 First Edition, a 'fully loaded' version of its new-era sports car.
Wise launches cross-currency investment feature for UK customers September 21, 2021 British fintech giant Wise has entered the retail investing space with its new feature “Assets”, which allows UK account holders to invest in stocks across 54 currencies. As of today, individuals and businesses holding Wise accounts will be able to hold their money as stocks and use Assets to invest in BlackRock’s iShares World Equity [...]
Revolut is taking on Robinhood with the launch of commission-free retail trading in US September 21, 2021 Revolut, the UK’s most valuable fintech, is targeting the booming retail trading market with the launch of commission-free stock trading for US customers. The $33bn fintech’s “Revolut Securities” arm has today been approved as a licensed broker-dealer in the the US, which will enable it to launch commission-free stock trading to its stateside customers in [...]
Apple’s new iPhone 13: Faster chips, sharper cameras and 5G September 15, 2021 Apple unveiled the iPhone 13 and a new iPad mini last night, expanding 5G connectivity and showing off faster chips and sharper cameras without raising the phone’s price. To encourage trade-ins, participating wireless carriers are offering incentives that could make a new phone free. Watch the full report.