Coinweb launches Ethereum integration to unify world’s biggest blockchains March 24, 2022 Layer-2 blockchain interoperability protocol Coinweb today added the Ethereum underlying chain to its expandable blockchain infrastructure.
Home buyers face stamp duty of up to 881 per cent higher after Covid-inspired tax holiday March 24, 2022 Since the pandemic-inspired stamp duty holiday came to an end, the amount of SD the average homebuyer in England is now required to pay is 84 per cent higher than it was before the tax break was introduced, and some areas have seen this cost increase by as much as 881 per cent, according to [...]
Hong Kong to soon ‘open up to world’ just as Singapore eases its own restrictions March 24, 2022 Hong Kong is looking likely to “open up to the rest of the world” once its latest Covid-19 wave fades, before the lights of Singapore grow too tempting for corporate expats. Hong Kong leader Carrie Lam said she is “very optimistic” the financial hub will soon pull off pandemic restrictions which have blanketed the city [...]
£5bn investment turnover for central London office market since start of 2022 March 23, 2022 Central London’s office market has marked £5bn investment turnover since the start of the year, as confidence in the category returns. Property advisors Knight Frank have revealed a 300 per cent increase in comparison to the first quarter of 2021 when there were transactions worth £1.2bn. There are £5.8bn worth of central London office deals [...]
Bored Apes NFT creator sets sights on metaverse after $450m capital raise March 23, 2022 Yuga Labs, the company behind the Bored Ape Yacht Club, said it has secured $450m (£341m) of funding with plans to launch a metaverse.
NFTs: Are they legally laced up, or is the shoe on the other foot? March 23, 2022 Reed Smith partner Danielle Garno walks us through Nike's recent legal complaint over NFTs from online marketplace StockX.
Average UK house price stands at £274k, a £24k annual increase March 23, 2022 The average UK house price hit £274,000 in January, a £24,000 uplift compared to the year prior. Average house prices increased 9.6 per cent over the year to January, a dip from 10 per cent in December 2021, according to the latest official statistics. London continues to be the region with the lowest annual growth [...]
What’s behind market volatility in China? March 23, 2022 It’s been a rollercoaster week for Chinese stock markets. We explain why and get the views of Schroders’ experts Robin Parbrook, Maggie Zheng and David Rees. In the last week, equity markets in mainland China and Hong Kong Special Administrative Region have experienced a rout, and a subsequent rally in the past two days. At [...]
China and Dubai cash in on roomier Russian market amid Western boycott March 22, 2022 As the West bail out of Russia over its invasion of neighbouring Ukraine, China and Dubai are seemingly cashing in on the roomier market. China’s top envoy in Moscow has urged Chinese business leaders to “fill the void” in the Russian market, Bloomberg first reported, after a growing tally of businesses and government’s have boycott [...]
Home transactions up with market for pricey properties booming compared to pre-Covid levels March 22, 2022 Property transactions hit 96,250 last month, with big spenders buying more than before the pandemic. Transactions were up 15 per cent in February, compared to 83,450 in January, according to HMRC’s latest data on home transactions. Total sales for the first two months of the year stand at 179,900, some 18 per cent lower than [...]