After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Cardano hard fork ‘Mary’ proudly announced while the Saylor Musk saga keeps on turning February 25, 2021 Bitcoin markets appear to settle but Elon Musk continues to make mischief with his tweets about Doge coin.
DeFi: Unlocking liquidity for consumers & institutions February 25, 2021 Decentralised Finance (called ‘DeFi’ for short) refers to the distributed applications or financial ‘protocols’ that are built on a public blockchain and are community governed rather than controlled by a centralised entity or intermediary. One way to think of it is as a system of open source “money legos” or components that can be assembled [...]
Aston Martin careers to £320m loss as car sales fall a third February 25, 2021 Iconic sports car brand Aston Martin fell to a £322m operating loss in 2020, the firm said this morning, as coronavirus restrictions saw car sales fall a third. In line with this fall, total retail sales slipped 32 per cent, from 6,150 last year to 4,150 this year. Despite the fall in sales, however, shares [...]
Tory rebels prepare to block proposed corporation tax hike February 25, 2021 Conservative rebels are preparing to unite with Labour MPs to block a proposed hike in corporation tax from 19 per cent to 25 per cent, according to reports. Chancellor Rishi Sunak has laid down plans to introduce a “pathway” for hiking corporation tax over the next few months, as he prepares to announce his spring [...]
City lobby calls for technology boost for financial services sector in Budget February 25, 2021 The UK’s major financial services lobby group has urged Rishi Sunak to speed up the country’s rollout of full fibre broadband in next week’s Budget to ensure the City’s tech infrastructure does not fall behind other major finance centres. TheCityUK said the “existing speed and availability of key infrastructure in the UK, such as broadband, [...]
German accounting watchdog head to step down in wake of Wirecard scandal February 24, 2021 The head of Germany’s accounting watchdog in stepping down, after coming under fire for failing to spot wrongdoing ahead of the collapse of the payments company Wirecard. The agency, formally known as the Financial Reporting Enforcement Panel (FREP), said in a statement on Wednesday that President Edgar Ernst is leaving his post at his own [...]
Best of travel: Why Panama is Latin America’s hot holiday destination February 24, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. Today we revisit Alex Dymoke’s trip to Panama to see if it really is all hats and canals. ••• In Britain, Panama is famous for two things: the canal and canoe man. Back in 2002, John Darwin [...]
New report: Greater understanding of financial and professional services essential to boost SME exports February 24, 2021 A new report by EY and the City of London Corporation published today sets out how that financial and professional services (FPS) sector facilitates businesses of all sizes and across all sectors in the UK to trade internationally – and steps needed to deliver a more holistic approach to UK trade policy. The report – ‘The City of [...]
Easyjet set to raise up to €1.2bn from bond sale February 24, 2021 Easyjet is set to raise €1 – €1.2bn from a seven-year bond sale taking place today, according to a memo seen by Reuters. The issue comes within days of the UK laying out its roadmap for the return of international travel, which prompted a huge jump in ticket bookings for the carrier. According to the [...]
Let’s celebrate the number of women on FTSE boards, but smaller companies will face regulatory hurdles if they don’t step up February 24, 2021 It is worth taking a moment to celebrate that the number of women on FTSE 350 boards has jumped by 50 per cent over the last five years, according to the Hampton-Alexander review published yesterday. But we must not take our foot off the pedal, the work is far from done. Another recent report from [...]