September Surge: Bus journeys at post-Covid high as return to office gathers pace September 8, 2021 The Tube saw more than a million ‘taps’ this morning and bus use topped Monday’s record post-Covid high as the return to the office continued apace. Tube taps were up more than 20 per cent on last week before 8am, and 25 per cent up on last week between 8 and 9am. And bus use [...]
London calling: Landlords raring to return to 2019 rents as tenants battle for places September 8, 2021 Londoners looking for a new place to rent are struggling against a competitive market as the number of available properties has dropped by 58 per cent. While there are less properties available on the market for renters compared to August 2020, there has been a 55 per cent boost in the number of tenants searching, [...]
Did the IMF ruin El Salvador’s Bitcoin party? The president seems to think so September 8, 2021 Bitcoin suddenly found itself below $47,000 after a dramatic dip which El Salvador's president appears to blame the IMF for.
Cabinet reshuffle rumours swirl around Westminster September 8, 2021 Rumours continue to swirl that Boris Johnson will oversee a cabinet reshuffle tomorrow, despite Number 10’s comments that there are “no plans” for one. The Prime Minister has cleared his diary tomorrow, after a quick House of Commons vote today on the government’s National Insurance and dividends tax increases. The Times reports today that Johnson [...]
The SEC to sue Coinbase over proposed lending product September 8, 2021 The US Securities and Exchange Commission has notified Coinbase, the country’s most popular crypto exchange, of its intention to sue. The SEC has served Coinbase with a Wells notice, an official document alerting a company to the start of court proceedings, over its plans to launch the Lend programme. Lend is marketed as a high interest [...]
Case dropped against ex-Alibaba manager accused of sexual assault September 7, 2021 Prosecutors have dropped their case against a former Alibaba Group holding manager accused of sexual assault by a colleague. The manager, surnamed Wang, was investigated after a female subordinate published a viral account of being sexually assaulted and raped during a business trip. The female victim was ignored when she raised the assault with her [...]
Happy Bitcoin Day! Thousands pledge support as crypto becomes legal tender in El Salvador September 7, 2021 All eyes on El Salvador and the crypto markets today as president Nayib Bukele declares the cryptocurrency legal tender.
Retail sales growth slowed in August amid recovery warnings September 7, 2021 Retail sales growth has started to slow as shoppers’ pent-up enthusiasm has softened this summer. Total sales increased by 3 per cent in August, below the three month average growth of 6.9 per cent. Clothing retailers reported strong performances as Brits looked to stock up their post-lockdown wardrobes with outfits for weddings and returning to [...]
Dominic Raab’s House of Commons aide raises concerns about vaccine passports September 6, 2021 Dominic Raab’s parliamentary assistant has today raised concerns over the government’s plan to introduce mandatory vaccine passports for large events. Tory MP Joy Morrissey, the parliamentary private secretary for the Foreign Office, has broken with the government’s stance and tweeted she was “very concerned at the idea of vaccine passports generally, but in particular the [...]
Bitcoin looks to hold ground above $50,000 as battle begins for $51k September 6, 2021 Movement is starting to ripple across the boards today after Bitcoin was beginning to fail to match the expectation of many who were predicting a surge in price last week.