Crypto markets gearing up for institutional money June 2, 2020 Prime brokers are the key to institutional adoption of cryptocurrencies and digital assets – but are they ready for prime time? Current estimates place the number of crypto hedge funds in the hundreds, and recent research from PwC revealed that assets managed by these funds doubled in the last year alone. With more and more [...]
Why global cities can still thrive despite Covid-19’s impact June 1, 2020 The most connected part of global cities could be of even greater value despite an increase in remote working. The Covid-19 pandemic has accelerated our digital future with remote working set to become the norm for many people. But although fewer people will be travelling into cities each day to work in the knowledge economy, [...]
Facebook and Snapchat condemn racism in US as protests continue June 1, 2020 Tech giants Facebook and Snapchat have joined a growing roster of companies to have condemned racism in the United States as protests over the death of George Floyd in police custody entered their sixth day. Last week the unarmed Floyd was killed in Minneapolis when a white police officer knelt on his neck for nine [...]
Unlocking the office could have legal implications for employers June 1, 2020 After ten weeks or so of lockdown, restrictions are beginning to ease and employers and employees alike are beginning to contemplate what this so-called “new normal” will look like. Employees are going to have mixed reactions and each sector and business will have their own needs so there will be no standard approach that suits all. There [...]
Softbank Vision Fund boss doubles pay despite hefty loss May 29, 2020 Softbank has more than doubled the pay of its Vision Fund boss Rajeev Misra even as the mammoth tech fund dragged the Japanese company to a record loss last year. Misra pocketed 1.6bn yen (£12m) in total compensation for the year to March, more than twice as much as he earned in the previous 12 [...]
Listed legal business DWF ousts chief executive amid covid-19 crisis May 29, 2020 Listed legal business DWF today announced it was ousting its longstanding chief executive in favour of its chair to help steer it through the coronavirus pandemic. Chief executive Andrew Leaitherland is stepping down from DWF “with immediate effect” to be replaced by chair Sir Nigel Knowles who was previously chief executive of legal giant DLA [...]
Shadow chancellor backs long-term UK coronavirus jobs programme May 28, 2020 Shadow chancellor Anneliese Dodds has pushed for the government to back a UK-wide post-coronavirus jobs programme to deal with expected high unemployment. In an interview with City A.M. Dodds said that the government needed to place a greater emphasis on “upskilling and redeployment” in its response to Covid-19 and should look to Gordon Brown’s Future [...]
UK hiring plummets as Covid-19 crisis hits low-income workers May 28, 2020 UK job vacancies crashed almost 60 per cent this month as the coronavirus pandemic sparked the country’s fastest rise in unemployment since 1947, new data has revealed. Live job vacancies have dropped from 820,000 at the beginning of April to just 373,000 in May as fears of a protracted economic downturn grow. The figures, released [...]
Theatre needs its own ‘Project Restage’ May 28, 2020 Sian Hansen is Chief Operating Officer of C|T Group and sits on the board of the Almeida Theatre in Islington There is nothing to match the communal experience of watching a live performance in a renowned venue. It drives culture and brings society together whether that be live sport, music or theatre. At this time [...]
Regus owner IWG targets £315m fundraise to drive expansion after coronavirus May 27, 2020 Office space giant IWG is aiming to raise £315m through a share offering as it eyes expansion opportunities as rival firms struggle during the coronavirus pandemic. IWG, which owns Regus, said “the current environment is presenting an increased number of attractive…opportunities to accelerate the growth and development of the business”. The office provider said sales [...]