Coinbase lands fresh valuation at over $8bn October 30, 2018 Cryptocurrency exchange Coinbase today revealed it had raised an additional $300m (£236m) of investment in a series E round led by Tiger Global Management. The move takes the company’s valuation to over $8bn, at a significant leap from its last valuation of $1.6bn last summer. The round was supported by Y Combinator Continuity, Wellington Management, Andreessen [...]
‘The Nothing of Tesla’: Elon Musk deletes his Tesla job titles after being stripped of chairmanship October 30, 2018 Tesla founder Elon Musk had deleted his job titles at the car giant just to “see what would happen”. The stunt, announced on Twitter, comes after Musk recently agreed to step down as chairman of the electric car manufacturer to prevent further action from a US regulator. He announced: “Deleted my Tesla titles last week to see what [...]
Police intercept another suspicious package sent to CNN as suspect set to appear in court October 29, 2018 A third suspicious package sent to CNN in a week was intercepted in Atlanta today. The package was identical to the others allegedly sent by pipe bomb suspect Cesar Sayoc, the news agency reported. "There is no imminent danger to the CNN Center,” CNN president Jeff Zucker told staff in a memo, according to CNN. [...]
Going it alone: Tech giants to be hit by UK digital services tax October 29, 2018 Technology giants operating in the UK will be served with a narrowly-targeted digital services tax, chancellor Philip Hammond announced today. With consultations to occur before the tax goes live in April 2020, the chancellor said the move is to ensure "the UK continues to be the best place in the world to start and scale [...]
Chancellor Philip Hammond to announce £1.5bn boost to struggling UK high streets October 27, 2018 The Chancellor Philip Hammond is set to unveil a £1.5bn boost to the UK's struggling high streets in his Budget on Monday. In his speech Hammond is expected to announce £900m of immediate business rates relief on top of a £650m fund to “transform” high streets up and down the country. Around 500,000 small retailers [...]
Suspect arrested after pipe bombs addressed to Democratic senator and former intelligence chief intercepted October 26, 2018 A suspect has been arrested in connection with the pipe bomb campaign against prominent critics of US President Donald Trump. Federal authorities arrested a man in Florida, US officials say. The arrest comes hours after two further home made bombs addressed to former US intelligence head James Clapper and Democratic senator Cory Booker were intercepted [...]
CEO quits Allied Irish Bank as concerns are raised about Ireland’s banker salary cap October 26, 2018 The chief executive of Irish state-owned bank Allied Irish Bank (AIB), Bernard Byrne, will step down as chief executive in 2019 amid industry concerns about a salary cap on bankers. News of Byrne's departure comes only weeks after chief financial officer Mark Bourke said that he would be leaving the company early next year. It is [...]
Potential bomb sent to Robert de Niro a day after explosives found in Obama and Clinton’s mail October 25, 2018 New York Police are investigating a suspicious package at a restaurant owned by actor Robert De Niro. A spokesperson for the police told CNN the package had been sent to 375 Greenwich Street, in the Tribeca neighbourhood of Lower Manhattan. Police sent a bomb squad to the scene after the package was reported at around [...]
Lloyds Banking Group beats profit expectations in third quarter October 25, 2018 Lloyds Banking Group announced pre-tax profit of £1.8bn in the third quarter today, beating analyst expectations of £1.7bn. In the three months to 30 September revenue rose to £4.686bn from £4.62bn during the same quarter last year, while profit before tax dipped seven per cent to £1.8bn. Read more: Lloyds and Schroders sign £80bn joint [...]
Norwegian trader default drags on Nasdaq profits October 24, 2018 Exchanges operator Nasdaq posted a 4.1 per cent third quarter loss as it absorbed an $8m (£6.2m) loss sparked by the collapse of a Norwegian trader. The New York-headquartered trading exchange, which is the largest conduit for physical energy market futures in the Nordic region, was hit when Einar Aas, a private trader, defaulted after his [...]