Wizz Air replaces ops chief after he told team to list pilots for redundancy who ’caused grief’ April 8, 2021 Wizz Air has replaced its flight operations chief after he was recorded telling his team to draw up a redundancy list of pilots who were often sick or “caused grief” while sparing cheaper contract crew. In a letter to staff dated April 4, seen by Reuters, Wizz said its head of flight operations Darwin Triggs [...]
Markets: Indexes in London and New York push further into record territory April 8, 2021 FTSE roars to highest levels since February 2020 as Wall St inches up
US outlines new global plan to tax tech titans April 8, 2021 The US has put forward a new plan on global corporate taxes in an effort to resolve disagreements over upcoming tech tax reforms. President Joe Biden’s administration has submitted proposals that would see tech giants and other large multinational corporations pay higher taxes in countries in which they operate, regardless of their physical presence in [...]
Tom Brady throws game-changing pass into the NFT world April 8, 2021 Record-breaking Super Bowl champion Tom Brady is the latest celebrity to throw his hat into the NFT ring.
Genius Brewing, makers of healthy lager, to enter Dragons’ Den April 8, 2021 An innovative craft beer company producing a health-focused, light craft lager is set to go before the panel in tonight’s episode of Dragons’ Den. Jason Clarke and Charlie Craig, founders of Genius Brewing will take their 3% ABV, 79 calorie lager into the Den in the hopes of gaining backing for their ‘smart drinking’ company. [...]
UK launches new competition watchdog for Big Tech crackdown April 7, 2021 Tech giants such as Facebook and Google are facing a tougher regulatory regime in the UK after a new watchdog aimed at curbing their power launched today. The Digital Markets Unit (DMU) will be charged with setting up new rules to give consumers more control over their data, promote online competition and crack down on [...]
LG exits smartphone market after steady losses April 6, 2021 Korean electronics company LG will leave the smartphone market in July after it failed to match growing competition from China. Once the third-largest mobile phone manufacturer in the world in 2013, LG struggled with the transition to touchscreen smartphones which made its exit inevitable. Despite arriving early to the smartphone party, introducing a touchscreen device [...]
Screenshot: Will London ever be ready for tech IPOs? April 2, 2021 This week **Media Moment of the Week: Volkswagen’s awkward U-turn **Will London ever be ready for tech IPOs? **Amazon goes bonkers for bots Media Moment of the Week: Volkswagen’s awkward U-turn There are few things as grating as the forced joviality of April Fool’s Day and it should, in this writer’s opinion, be cancelled. That [...]
Moelis gives young bankers a $10,000 allowance to ‘improve mental health’ April 1, 2021 Young investment bankers working at Moelis & Co will receive a $10,000 payment in a bid to improve their mental health after a gruelling year. The boutique investment bank told employees from analyst level up to executive directors would receive a $5,000 payment followed by $2,5000 instalments to be spent on health and lifestyle. Moelis [...]
VCs fail to add value beyond funding, early stage founders say April 1, 2021 The past year has seen VC investment go through the roof as firms look to capitalise on increased demand for tech, but founders are unhappy with what firms are offering beyond funding. Forward Partners’ More than Money report published today will make uncomfortable reading for the VC community. VCs may well have splashed the cash [...]