Schroders takes majority stake in Asian real estate firm July 1, 2020 Schroders has reached an agreement to acquire a majority stake in Asian real estate investment firm Pamfleet, which currently has $1.1bn in assets under management. The asset manager said the deal strengthened its private assets and real estate capabilities. It comes after the recent acquisition of the German real estate specialist, Blue Asset Management, and [...]
British Land boosted by reopening of retail stores July 1, 2020 Real estate firm British Land has reported strong sales as lockdown restrictions on non-essential retail started to ease earlier this month. The pandemic seems to have had little effect on consumer confidence. In the week commencing 14 June, when restrictions started to ease, British Land reported footfall at its English assets was 64 per cent [...]
Airbus to axe 15,000 jobs as pandemic hammers aviation industry June 30, 2020 Aviation giant Airbus has announced it will shed 15,000 jobs, adding that its future was at stake as the coronavirus crisis continues to batter the aviation industry. Europe’s biggest aerospace group said it would cut around 1,700 posts in the UK, 5,000 in France, 5,100 in Germany, 900 in Spain and 1,300 elsewhere. The company [...]
Furious Theresa May attacks PM’s political choice for national security adviser June 30, 2020 Former Prime Minister Theresa May has lashed out at Boris Johnson and his allies for appointing loyalist Brexit adviser David Frost as the country’s new national security adviser. May said Frost, who is a close ally to the Prime Minister, was a political appointment and undermined the impartial role of national security adviser. Frost was [...]
UK coronavirus death toll nears 55,000 June 30, 2020 The United Kingdom’s coronavirus death toll has hit 54,872, according to a tally of official data that shows the UK is one of the world’s worst hit geographies. England and Wales have now recorded 49,371 coronavirus deaths from the start of the pandemic to 19 June, Office for National Statistics data has showed. England saw 47,127 [...]
Explanation of DeFi staking and the importance of Ethereum 2.0 June 30, 2020 The financial world is changing at a pace never before seen in history. These new instruments are being developed and made available to anyone willing to explore the space and to serve a wide variety of needs. Investment in Decentralised Finance (or DeFi) has spiked to 1.5bn USD in assets locked. These assets are in [...]
Tiktok to transfer data control to UK arm ahead of Brexit June 29, 2020 Tiktok has said it will be moving ownership of its users’ data in Europe to local subsidiaries, in a boost to its British arm as it prepares for new post-Brexit regulations. The social media app’s US parent Tiktok Inc will no longer manage and safeguard data for users based in the UK and the European [...]
Six killed in Pakistan Stock Exchange attack June 29, 2020 Gunmen have attacked the Pakistan Stock Exchange building in the city of Karachi, police said today, with four assailants reportedly killed. The attackers used grenades and guns in their assault, according to local media. Pakistan’s stock exchange in Karachi is in a high security zone and also hosts many private banks’ head offices. “Four attackers [...]
Exclusive: London firms revolt over business rates payments during lockdown June 29, 2020 Tens of thousands of London companies are believed to be mutinying against the taxman by refusing to pay business rates for the three months of the coronavirus lockdown. In light of the pandemic, the government has handed firms in the retail and tourism sectors a year-long holiday on the tax, which is applied to companies’ [...]
Innovation and decentralisation are key June 29, 2020 The financial services industry is held back by rules imposed after the 2008 crash. We need to move forward. To liberate the financial industry, decentralisation is the way ahead. One of the unexpected side effects of of social distancing and the lockdown has been the uncovering of a lot of pain points in the business [...]