Amazon becomes world’s largest corporate buyer of renewable energy December 10, 2020 Amazon has announced 26 new utility-scale wind and solar energy projects, making it the largest-ever corporate purchaser of renewable energy.
Confidence in the City of London remains strong, with planning applications up in November December 10, 2020 The number of planning applications for the City of London have exceeded pre-pandemic levels, showing investor confidence in the district.
Tube usage bounces back to October levels as Londoners dash for shops December 10, 2020 Tube and bus usage jumped back to pre-second lockdown levels last week as Londoners rushed back to shops, pubs, and restaurants after a month of restrictions. On 4 December, there were 1.56m journeys made on the London Underground, and 3.6m trips made by bus, data from TfL shows. That’s roughly a third higher than the [...]
Manufacturers set for £24bn boost from surge in direct-to-consumer sales December 10, 2020 Manufacturers could see a £24bn boost in direct-to-consumer sales over the next three years as shoppers increasingly look to bypass traditional sales channels. According to new data from Barclays Corporate Banking, the direct-to-consumer segment could grow in value to £120bn, up from £96bn this year. The growth is down to more and more customers opting [...]
City of London launches gift card to boost spending at Square Mile businesses December 9, 2020 A new gift card for the City of London has been launched to make up for lost spending time during the pandemic.
Cryptosplosive demand December 9, 2020 Technological and Technical Convergence Technology stands at a major global tipping point. Numerous industries are converging due to blockchain which serves as the backbone to the whole cryptospace. At hand is the emergence of convergence in money, gaming, social networks, legal, supply chains, and intellectual property. Bitcoin is the base layer protocol which is the [...]
Rio Tinto should pay reparations for sacred cave destruction, inquiry finds December 9, 2020 Mining giant Rio Tinto should pay reparations to indigenous Australians for the destruction of two sacred caves, an inquiry into the incident has found. The FTSE 100 company has been the subject of fierce criticism since it decided to destroy the 46,000-year old Jukkan Gorge site in Western Australia in order to expand an iron [...]
Bitcoin sets a new all-time high and Ethereum starts its journey to ETH 2.0 December 8, 2020 Last week was one of the most exciting weeks in 2020 for the crypto community, with an abundance of bullish news for Bitcoin and the achievement of a huge milestone for the Ethereum Foundation. Bitcoin’s new all-time high is $19,911, and this price was reached at 11:00 UTC on December 1, according to data by [...]
Tory mayoral candidate calls for Night Tube and Waterloo & City line to open December 7, 2020 Tory mayoral candidate Shaun Bailey is urging Sadiq Khan to reopen the entire London Underground network, including the Night Tube and City & Waterloo line. Bailey also called for all Transport for London (TfL) staff to be given a free flu jab this winter. TfL closed the City & Waterloo line – which is a [...]
High profile retailer failures will ‘once again shine spotlight on auditors’ December 3, 2020 A possible avalanche of corporate failures could once again shine the spotlight on auditors, according to Menzies partner James Hadfield. The partner said he could foresee more failures coming, and believed it likely auditors would become a talking point in the process. The high street is having a particularly tough time at the moment, with [...]