We have a moral duty to share our data August 27, 2021 The majority of consumers would be happy to share their data with companies if it improved their experience, according to a recent survey. However, reality seems to suggest otherwise. The health service launched a data sharing initiative, NHS Digital, in June this year. It would allow personal, but anonymised data, from doctors’ patient records to [...]
Tech crackdown: China proposes banning local sensitive data firms from US IPOs August 27, 2021 China has turned its attention to the US stock market amid its tech sector crackdown, according to reports, by suggesting new rules that ban sensitive data firms from listing. The new rules target internet companies, but the China Securities Regulatory Commission, its local market watchdog, has said that those in the pharmaceutical industry, are still [...]
Barclays invests £294m to expand India operations August 26, 2021 Barclays has announced plans to invest more than 30bn rupees (£293.9m) in its India unit to expand operations. The infusion of capital will enable Barclays, which has operated in the Asia Pacific region for 50 years, to grow its Corporate and Investment Banking and Private Clients businesses. Barclays offers financing, advisory and risk management services [...]
Barclays invests £294m to expand India operations – CityAM : CityAM August 26, 2021 Barclays has announced plans to invest more than 30bn rupees (£293.9m) in its India unit to expand operations. The infusion of capital will enable Barclays, which has operated in the Asia Pacific region for 50 years, to grow its Corporate and Investment Banking and Private Clients businesses. Barclays offers financing, advisory and risk management services [...]
Delta Air Lines to impose $200 monthly levy on unvaccinated staff August 25, 2021 Delta Air Lines will charge employees an extra $200 a month for their corporate healthcare plan if they refuse to take a Covid vaccine, it announced today. The airline’s chief, Ed Bastian, said the additional cost was necessary to insure against the financial risks of being responsible for unvaccinated staff. Bastian pointed to the $50,000 [...]
Global corporate profits expected to fall eight per cent after record quarter August 25, 2021 Global corporate profits are set to fall for the first time in 18 months after a record second quarter, as a rise in the Delta variant has increased labour costs while squeezing supply chains, according to calculations by Reuters. Although huge stimulus packages helped to underpin economic recoveries while the easing of pandemic restrictions resulted [...]
Judges announced for next month’s Crypto AM Awards 2021 August 25, 2021 Introducing the judges for September's Crypto AM Awards 2021.
OnlyFans u-turns on sexually explicit content ban August 25, 2021 OnlyFans has “suspended” a proposed ban on sexually explicit content after facing backlash from creators and users. In a statement posted on Twitter the company said: “Thank you to everyone for making your voices heard. We have secured assurances necessary to support our diverse creator community and have suspended the planned October 1 policy change. [...]
Pinduoduo shoot up 22 per cent after donating £1bn to Chinese agriculture sector August 25, 2021 Chinese e-commerce group Pinduoduo said it would donate RMB 10bn (£1.12bn) in future earnings to contribute to the development of agriculture as part of the country’s “common prosperity” vision. Shares for the Nasdaq-listed company were up 22 per cent following the announcement of the programme. Pinduoduo reported its first-ever quarterly profits as a public company [...]
Augean ditches Morgan Stanley Infrastructure for new £341m buyout deal August 25, 2021 A consortium of investment managers Ancala Partners and Fiera Infrastructure have swooped in on waste management firm Augean, raising the prospect of a bidding war for the AIM-listed company. In a statement this morning Augean said that it had agreed to the two firms’ 325p per share, £341m buyout offer, having earlier this month approved [...]