Tencent shares fall after Beijing orders end to exclusive music rights deals July 26, 2021 Shares in Tencent have fallen after China ordered the company to end exclusive music licensing agreements with record labels across the world. The move is said to be aimed at tackling the technology giant’s dominance of online streaming in the country. They must cease engaging in any of these deals in the future and any [...]
Credit Suisse settles spying case with former executive banker July 26, 2021 Credit Suisse has reached an out-of-court settlement with its former star banker Iqbal Khan whose explosive allegations of corporate espionage led to the resignation of chief executive Tidjane Thiam, the Swiss bank said on Sunday. “All involved parties have agreed to settle,” said Credit Suisse, according to the Financial Times. “This matter is now closed.” The [...]
Cop26 is our last chance to tackle climate change as extreme weather takes hold July 26, 2021 With less than 100 days to go until the UN Climate Change Conference – also known as COP26 – kicks off in Glasgow, preparations are well underway for the most important summit since that held in Paris back in 2015. Expectations are high, and rightly so. After all, to quote Sir David Attenborough, this is [...]
Covid recovery pays dividends for UK plc July 26, 2021 UK plc has bounced back from the worst of the Covid crisis and is sharing the proceeds with investors, according to new figures released today. Dividends distributed by UK companies surged 51.2 per cent annually to reach £25.7bn in the second quarter of this year, according to the latest UK Dividend Monitor from Link Group. [...]
City back open for business following lifting of lockdown restrictions July 23, 2021 The City of London Corporation’s Deputy Chairman of the Policy and Resources Committee, Chris Hayward, today addressed the Court of Common Council, the City Corporation’s main decision-making body, to outline a range of steps being taken to support recovery across the Square Mile. In the first in-person meeting at Guildhall since virtual sessions were introduced [...]
The difference between privacy DeFi and anonymity is huge July 23, 2021 City AM's Monty Munford unpicks the problems in the difference between privacy and anonymity.
Why we must resurrect the tie from this boorish open-collar culture July 23, 2021 Since the general demise of hats, the most vulnerable, because the most superficially dispensable, piece of a gentleman’s wardrobe is the tie. In politics, we have perhaps David Cameron to blame for pioneering the look of dark suit and open-necked white shirt which may have been a carry-over from his days in public relations. For [...]
If it can happen to Mark Cuban, it can happen to you July 23, 2021 Crypto AM's Jillian Godsil talks to 14 figureheads of cryptocurrency about DeFi and privacy.
Vodafone returns to revenue growth despite pandemic-bruised retail levels July 23, 2021 Vodafone has reported a robust rise in revenue in its first-quarter trading as the company returned to growth in Europe despite not yet operating at pre-pandemic levels. The British telecoms giant pulled in total revenues of €11.1bn (£9.5bn) over the three-month period, up 5.6 per cent on last year. This included a surprise 3.3 per [...]
COVID-19 and the economic impact on UK businesses July 23, 2021 The COVID-19 pandemic has left a lot of business struggling, but how bad is the overall outlook for them? We’ve spoken to Michelle Elliot CA, partner at FRP based in Glasgow, about whether we can expect a tsunami of insolvencies or if UK businesses are coping better than expected. Michelle is a Chartered Accountant and [...]