Nine messages to the world on crypto February 25, 2021 Zumo CEO Nick Jones gives his take on why we need crypto, and debunks some of the myths that could be holding up progress.
EU hosts virtual summit on vaccine supply as scepticism blights Astrazeneca uptake February 25, 2021 EU leaders will host a virtual summit this afternoon over its immunisation programme, as supply issues and false suspicions over the Astrazeneca jab continue to hamper vaccine uptake. Countries across the continent are facing growing anger over the sluggish progress of the EU’s vaccine rollout, as the bloc continues to lag behind Britain. European leaders [...]
Soho House mulls $3bn New York listing amid IPO boom February 25, 2021 Private members’ club Soho House is the latest company reportedly mulling a New York listing with a valuation of up to $3bn. Soho House, which operates 27 clubs around the world, first considered a Wall Street listing in 2018. This time round the company has hired JP Morgan and Morgan Stanley and is looking to [...]
O2’s £31bn Virgin Media merger ‘will help UK pandemic recovery’, says CEO February 25, 2021 O2’s proposed £31bn tie-up with Virgin Media will accelerate investment in telecoms infrastructure and bolster the UK’s post-pandemic recovery, the mobile network’s boss has said. The mega-merger, agreed last year by O2 owner Telefonica and Virgin Media parent Liberty Global, is facing an in-depth probe by regulators amid concerns it could harm competition. But O2 [...]
More than a dozen companies exit $11bn Nord Stream 2 project to avoid US sanctions February 24, 2021 Baker Hughes Co, AXA group and 16 other companies have stopped working on Russia’s Nord Stream 2 natural gas pipeline to avoid US sanctions, according to multiple media reports this evening. Russian energy company Gazprom and its partners are in the process of building an $11bn pipeline that will supply natural gas from Russia directly [...]
Venture capitalism not politics was the brains behind Britain’s vaccine success February 24, 2021 The largely unsung hero – and perhaps the unlearnt lesson – of Britain’s vaccine success is venture capitalist turned government adviser Kate Bingham and how other venture capitalists like her can create the agile, entrepreneurial policies that ‘Global Britain’ needs. It was not politics as usual that allowed Britain to have the fastest vaccine rollout [...]
Reddit website goes down as Gamestop shares jump February 24, 2021 Reddit, the self-titled “front page of the internet”, crashed last night as shares in amateur trader favourite Gamestop climbed once again. The site, which is accessed by millions of people daily, went down at around 9pm on Wednesday. Shortly afterwards Reddit tweeted that it had identified the issue and its systems had recovered. It came [...]
What is the Global Travel Taskforce and what can we expect from its report? February 23, 2021 Possibly the most widely cheered of the announcements in yesterday’s roadmap out of lockdown was the suggestion that international travel could begin again on 17 May. Although Boris Johnson cautioned that this would be subject to a number of conditions, airlines, travel firms, and holidaymakers alike rejoiced at the prospect of a full summer holiday [...]
Is technology a new asset class? February 23, 2021 With Covid-19 accelerating digitalisation, the question facing many companies is no longer whether technology is important, but just how important? What percentage of their time should a bank or retailer’s top executives spend thinking about technology? How much investment should a company make in tech? What weighting should institutional and retail investors give the sector? [...]
Exclusive: beIN Sports takes legal action against Fenerbahce over Turkish club’s ‘beFAIR’ campaign February 22, 2021 Broadcaster beIN Sports is taking legal action against Fenerbahce over the Turkish club’s high-profile campaign against the network. beIN is suing Fenerbahce for breach of intellectual property after they displayed “beFAIR” branding on the team’s apparel and pitchside advertising displays. Fenerbahce and their president Ali Koc have adopted “beFAIR” as the slogan for a public [...]