After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Barclays chair quits in boardroom shakeup December 18, 2020 Barclays UK chair Sir Ian Cheshire will step down at the start of next year, in a sudden departure after three years at the helm. In a statement, the company said: “With regret, Sir Ian has informed the group that he is unable to accommodate the increased time commitment and duration required to see through [...]
Corporate philotimy: The big new concept in responsible capitalism December 18, 2020 Capitalism — like most isms — has many faces. In the eighteenth century, it produced the military-political piracy of the East India Company, and in the twenty-first, the philanthropy of the $47bn Bill and Melinda Gates Foundation. It has the capacity for profoundly significant choices. Economies are capitalist if they are dominated by private capital [...]
City A.M. recognises work of 2020’s Business Heroes December 17, 2020 The business world has never seen its foundations shaken as they have been throughout 2020. Lockdown has been a huge challenge for both companies and their staff, with vast swathes of the population first placed on furlough and then grappling with the technological and social difficulties of working from home. City A.M. has certainly not [...]
Bank of England holds rates and says vaccines ‘reduce risks’ to economy December 17, 2020 The Bank of England has left interest rates on hold at 0.1 per cent and its bond-buying programme at £895bn, saying the arrival of vaccines is likely to boost the economy next year but warning new restrictions will weigh on growth in the winter. It comes after the Bank expanded its quantitative easing programme by [...]
Asda ramps up partnerships strategy with Accessorize and Decathlon trials December 17, 2020 High street chains Accessorize and Decathlon have launched trials with Asda to sell products in supermarket stores, as retailers seek to adapt to new consumer shopping trends that have formed during the pandemic. Fashion and jewellery brand Accessorize will sell its products in an Asda West Midlands store as part of a “test and learn” [...]
Exclusive: 33,000 suspicious activity reports filed as Covid fuels fraud December 17, 2020 Some 33,000 suspicious activity reports (SARs) linked to the Covid-19 pandemic have been filed this year, suggesting government schemes designed to help people and businesses through the pandemic are open to abuse. SARs are filed by professionals working in a regulated sector, typically bankers, lawyers and accountants, and alert law enforcement to potential instances of [...]
Breaking the barrier December 17, 2020 Monkey of the back Bitcoin finally pierced its way through the key $20,000 level and more important for the longevity of the uptrend, the break did not result in an aggressive trigger of stops. Instead, the break was well managed and steady. The subsequent price action was equally steady, even if somewhat one directional and [...]
Combining technology with human ingenuity can level the workplace inclusion gap December 17, 2020 The pandemic has affected every person on the planet. It is one of those rare things that we all have in common, although each of us will have experienced it in a different way. One thing is certain: whatever may have been said at the start, Covid-19 has not been a great leveller. From age [...]
Boohoo exits 64 Leicester factories over code of conduct breaches following supplier scandal December 16, 2020 Boohoo terminated relationships with more than 60 Leicester suppliers following an investigation into working conditions at garment factories in the city. The fast fashion firm has exited 64 factories following a scandal that found some clothing suppliers in the city were paying workers less than minimum wage. Boohoo’s director of responsible sourcing and product operations [...]
Working capital for the capital: an interview with Lloyds Bank Commercial Banking’s SME London regional director, Paul Evans December 16, 2020 BBLS. CBILS. Furlough. Lockdown. ‘You’re on mute…’. Just some of the acronyms, words and expressions that have dominated 2020. “A very unusual year in every context” is how Paul Evans, Lloyds Bank Commercial Banking’s long-serving SME (small and medium-sized enterprise) London regional director, reflects on an unprecedented 12 months. Evans has been with Lloyds Bank [...]