Lucrative for luxury: Metaverse could untap $50bn for brands by 2030 November 16, 2021 Opening the door to the Metaverse to meet the growing digital demand for luxury goods will present brands with a $50bn revenue opportunity within the decade, according to a new analysis by Morgan Stanley. In projections that are slightly difficult to compute right now, considering revenue streams for digital mediums for luxury brands are currently [...]
Revealed: £1.7bn worth of Covid-related contracts went to 47 Tory-referred companies November 16, 2021 A leaked list today shows that dozens of firms were given contracts worth a total of £1.7bn after being referred by Tory party insiders, even though the Government has insisted fast-tracked offers to supply PPE went through the same due diligence as any other route. The list shows that former health secretary Matt Hancock referred [...]
City of London gives green light for new office tower as confidence in the Square Mile returns November 16, 2021 The City of London Corporation this afternoon approved plans for a new 24-storey office tower on Houndsditch in the Eastern Cluster, the Square Mile’s seventh tall building to be approved so far this year. The City’s Planning and Transportation Committee backed Brockton Everlast’s scheme, designed by architects AHMM, which will provide roughly 56,500 sq m [...]
UK government opens national security probe into Nvidia’s $54bn Arm deal November 16, 2021 The UK government has launched a a full-blown national security investigation into Nvidia’s planned takeover of British chip designer Arm, introducing another obstacle in the way of the $54bn deal. Digital and culture secretary Nadine Dorries has ordered a “phase 2” investigation into whether the deal operates against public interest, thus instructing the UK competition [...]
Pathways to progression through socio-economic inclusion November 16, 2021 DiverCity® Podcast · Pathways to Progression through Socio-Economic Inclusion Reshaping the makeup of corporate leadership will help instil a culture of progression Socio-economic diversity seems to garner little specific attention as an element of corporate strategy, with the makeup of financial institutions rarely reflecting the wider public. Yasmine Chinwala, OBE, is a partner at capital [...]
Tulipshare: the revolutionary activist investment platform November 16, 2021 Becoming an activist investor has never been easier. Founded by Antoine Argouges, Tulipshare is an online investment platform which uses shareholder activism to create change within large corporations. Our platform allows you to invest in companies, for as little as £1. We keep you updated throughout your investment process and give regular updates on the [...]
Historic pharma precedent: Pfizer agrees to share its Covid-19 pill secrets with dozens of companies around the world November 16, 2021 Pfizer’s new Covid-19 pill could be made available to more than half of the world’s population after the pharmaceutical giant signed a deal with a UN-backed group to allow other manufacturers to make its experimental pill. In a statement, Pfizer said it will grant a licence for the antiviral pill to the Geneva-based Medicines Patent [...]
Post-Brexit payments space is ‘breeding ground for financial crime as Wild West culture’ looms, warns rising City star November 16, 2021 After the UK left the European Union, a range of payment providers reported so-called IBAN discrimination as a number of companies across Europe began to refuse Euro account bank details if they contained the country code ‘GB’. As a result of Brexit, sending a payment to Eurozone countries resulted in additional charges. Whilst the fee is [...]
Just keep moving November 16, 2021 [Re: Uber’s model was rife with flaws but the gig economy deserves saving, yesterday] The piece in support of Uber is fair enough, but it ignores the fact that a lot of Uber traffic came from tempting people off of public transport. In doing so, it added to the problem of climate change and congestion, [...]
Nearly $500bn ‘lost to tax abuse’ by companies and elites in 2021 November 16, 2021 Countries have lost $483bn to tax abuse by multinationals and ultra-wealthy individuals, with the UK singled out as the world’s greatest enabler of global corporate tax abuse, according to a new report. The State of Tax Justice 2021 report found that the UK was responsible for nearly 40 per cent of the total losses this [...]