After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Uber is merging its China business with arch rival Didi Chuxing August 1, 2016 Ride-hailing app Uber is merging its Chinese operations with its biggest rival in the region, Didi Chuxing, signalling an end to a long-standing and expensive rivalry. Didi has confirmed earlier reports of a deal between the two, saying it will acquire Uber's China assets. In return, Uber will take a 17.7 per cent stake in Didi, while Uber China's shareholders [...]
Nearly half of young people to use lifetime Isa to save for retirement August 1, 2016 Nearly half of younger Britons will use a the lifetime Isa to save for retirement instead of taking out a pension plan a survey outlined today. A YouGov poll said that 44 per cent of Britons between the age of 18 and 39 would favour using the government’s new lifetime Isa in order to put [...]
City Moves for 1 August 2016 | Who’s switching jobs August 1, 2016 Independent Oil and Gas Independent Oil and Gas has appointed David Peattie as chairman. David has 35 years’ industry experience and was most recently the CEO of Fairfield Energy, an oil & gas company owned by a syndicate of North American and European private equity investors, led by Riverstone and Warburg Pincus. David began his [...]
Britons spend 10 per cent of their salary on their holiday, but are less willing to splash out on insurance August 1, 2016 Holidays are becoming a serious investment. British tourists splash the cash on their trips, spending 10 per cent of their annual salaries on average, according to research from Nationwide FlexPlus. One in 10 will splurge even more, spending anything between 20 and 30 per cent of their yearly income on their sojourns in the UK or [...]
Brexit brings dark clouds to financial services, but there are some patches of sunshine ahead August 1, 2016 June's Brexit vote may bring doom and gloom to the economy and, by extension, the financial services sector, according to research out today. EY's ITEM Club outlook for financial services has predicted lending to businesses will fall by nearly two per cent in 2017 and a further one per cent in 2018, thanks to a bleaker economic outlook following 23 [...]
China’s Ant Financial is testing out blockchain technology July 31, 2016 Ant Financial, the Chinese fintech giant spun off from Alibaba, is testing out blockchain technology for the first time to build a more transparent process for donating money. The group's charity platform, Ant Love, will use blockchain technology to track donations to one project being funded via the site. “We are trying to bring small and [...]
Now the pensions watchdog is taking a closer look at the rest of Green’s empire July 31, 2016 Sir Philip Green may have a fresh set of questions to answer, as the pensions watchdog has launched a probe into the Arcadia Group. The Pensions Regulator (TPR) is already looking at whether it can demand Green foots the bill for the blackhole in the BHS pension scheme. Now, The Sunday Times has reported TPR is investigating [...]
You’re probably not earning that “graduate premium” you were told about July 31, 2016 Young people entering higher education to boost their future earnings are in for a shock, according to new research, which claims the idea of an earnings premium for graduates has become a myth. “Any politician or policy-maker who dangles the carrot of an average lifetime earnings premium should be challenged for gross mis-selling," said co-founder [...]
Anthony Martial’s Manchester United squad number dispute demonstrates why footballers still need clearer social media guidance July 30, 2016 Athletes making headlines via social media has become something of a regular occurrence these days. Recently Anthony Martial found himself the subject of countless articles and Tweets after unfollowing the official Manchester United account on Twitter in apparent protest at being stripped of the No9 shirt — handed to new arrival Zlatan Ibrahimovic — and given [...]
Odd couple? Axa and Alibaba team up to sell insurance online July 29, 2016 There are some things that are just meant to be together. Salt and pepper. Jelly and ice cream. French insurance giant Axa and Chinese e-commerce platform Alibaba. The two companies announced today that they have plans to team up, alongside with Alibaba-affiliate Ant Financial Services, to distribute AXA's insurance products and services through Alibaba's global sales platforms. The new financial services [...]