After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
London’s fintech scene could be a winner from the Covid crisis January 13, 2021 We all know the Covid-19 pandemic has been, and for too many remains, a devastating time. It’s easy to be pessimistic, too, even as vaccine rollout speeds up. Life will not go back to ‘normal’ quickly – the events of the last ten months will have profound repercussions for health services, businesses, debt and fiscal [...]
Formula One postpones Australian GP, China uncertain January 12, 2021 By Alan Baldwin LONDON (Reuters) – Formula One postponed the Australian Grand Prix from March to November, with Bahrain opening the season and China’s race left hanging, as COVID-19 forced the sport to rewrite the 2021 calendar on Tuesday. Italy’s Imola circuit was added to the record 23-round schedule as the second race on April [...]
Smart politicians will be looking to cities as a springboard for greatness January 12, 2021 For much of the second half of the 20th century, powerful city politics was dying. As the great industrial centres went into decline, so too did their once-proud corporations and mayors. County boroughs like Liverpool, Manchester, Birmingham and Leeds were gathered together in 1972 and melded into metropolitan counties like “Merseyside” or “West Midlands”, and [...]
Ousted Credit Suisse boss Tidjane Thiam to launch ‘blank cheque’ venture January 11, 2021 Former Credit Suisse chief executive Tidjane Thiam is said to be launching a so-called blank cheque firm, a year after he was ousted following a lurid spy scandal. Thiam is raising $250m (£185m) for a special purpose acquisition vehicle that will invest in financial services businesses across the globe. JP Morgan Chase is helping to [...]
Rishi Sunak warns UK economy will ‘get worse before it gets better’ January 11, 2021 The UK’s economy is set to “get worse before it gets better”, Rishi Sunak has today warned. The chancellor told MPs this afternoon that the country’s latest lockdown has scuppered any economic recovery from last year and that the new restrictions will “have a significant impact on the economy”. The Office for Budget Responsibility (OBR) [...]
We travel to Europe’s first psychedelic mushroom retreat January 11, 2021 Lockdown has scuppered even the best laid plans. Far from going on holiday somewhere exotic, or embarking on an adventure of self discovery, we’re stuck in a country where walking in the park with a flask of tea may get you arrested. So as we dream of better times and sunnier climes, we’re starting a [...]
Crypto Market Briefly Surpasses $1 Trillion as Adoption Keeps Growing January 11, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved up from around $30,000 at the start of the week to hit a new all-time high near $42,000 before enduring a steep correction. BTC is now trading close to $36,000. Ether (ETH), the second-largest cryptocurrency by market capitalization, moved from $780 to $1,300, a value close [...]
Democrat sweep to open fiscal floodgates and boost growth January 11, 2021 Democrats have completed a sweep of Congress following the double victory in the state of Georgia’s run-off election. The disturbing scenes of protestors storming Capitol Hill last night may have soured the victory, but nonetheless the Democrat party now have control of the Senate and the House of Representatives for the first time since 2009. [...]
The City is stepping up to offer mental health support January 11, 2021 The start of 2021 brings hope that this year will be a more positive one but there is no denying that the next few months will be tough as we deal with the national lockdown brought in by the Government to control the spread of COVID-19. So many of us are already feeling isolated and [...]
Easyjet secures $2bn loan as coronavirus pain goes on January 11, 2021 Easyjet has today secured a new $1.9bn (£1.4bn) five year loan as it takes further steps to bolster its finances amid the coronavirus pandemic. In a statement, the carrier said that the loan would “significantly extend and improve easyJet’s debt maturity profile and strengthen easyJet’s balance sheet by increasing the level of available liquidity”. The [...]