Fedex to ditch Hong Kong base over strict Covid quarantine rules November 17, 2021 Fedex has announced plans to relocate pilots based in Hong Kong overseas as a result of the territory’s tough Covid rules. The move undermines Hong Kong’s position as a global logistics hub and reflects the longevity of its stringent quarantine measures. “As the global business environment continues to evolve and with the pandemic requirements in [...]
Apple to sell spare parts so iPhone users can complete repairs from home November 17, 2021 Apple has announced plans to sell iPhone parts to the general public so that they can carry out their own repairs from home. At first the scheme will be rolled out to US iPhone 12 and iPhone 13 holders with the company confirming it has plans to expand the scheme to some Mac products and [...]
Soho House adds record number of sign ups to the waitlist November 17, 2021 The Membership Collective Group, which owns Soho House, saw its membership grow by 16,663 in the third quarter to stand at 144,503. As global lockdown restrictions lifted around the world this Summer applicants signed up to join the private members club in record numbers. The brand’s Houses, which are frequented by Victoria Beckham, Nicole Kidman and [...]
The Analyst: Disney becomes the mouse that squeaked November 17, 2021 Ian Whittaker has been a City analyst for more than two decades, and what he doesn’t know about media, advertising and the creative services industry isn’t worth knowing. Here’s his latest monthly column for City A.M. Disney’s shares fell over 7 per cent the day after it published poorly received full year results (Disney’s financial [...]
Binance CEO calls for fundamental crypto rights November 17, 2021 Binance, the world’s largest crypto exchange by trade volume, has published a list of “fundamental crypto rights” as it faces increased regulatory pressure. Binance’s chief executive Changpeng Zhao, who goes by the name ‘CZ’, is signalling his support for greater crypto regulation with the publication of a list of guidelines which he hopes will underpin [...]
David Cameron resigns from Afiniti role after founder accused of sexual assault November 17, 2021 Former prime minister David Cameron has quit as chairman of the advisory board to the Afiniti software company after its multi-millionaire founder was accused of sexual harassment and assault. Afinit founder Zia Chishti is alleged to have left a 23-year-old employee with injuries after sex on a work trip to Brazil in 2017. The US [...]
FCA pushes back on union recognition demands November 17, 2021 The Financial Conduct Authority (FCA) has pushed back on union demands to give official recognition to Unite the Union as the representative of staff at the watchdog. The new Unite general secretary Sharon Graham wrote to the regulator’s CEO Nikhil Rathi ten days ago, alleging that “staff at the Financial Conduct Authority are flooding to [...]
Millions more Brits in debt as debt pile owed to HMRC balloons to £42bn November 17, 2021 Around 2.4m more taxpayers are in debt to HM Revenue and Customs (HMRC) as tax debt is at more than double its pre-pandemic levels, according to a spending watchdog. In fact, tax debt ballooned by £26bn between January 2020 and September of this year. Staffing levels at HMRC are unlikely to be enough to manage [...]
Miramax sues Quentin Tarantino as studio tries to stop Pulp Fiction NFT auction November 17, 2021 Director Quentin Tarantino has been sued by Miramax over the director’s plans to create and auction off a series of NFTs based on Pulp Fiction. The entertainment company alleges that Tarantino’s planned offerings violate the copyrights it holds to the director’s 1994 film, according to the lawsuit filed in federal court in Los Angeles. Tarantino [...]
Bear Grylls, Robbie Williams and Holly Willoughby join consumer guru Martin Lewis in fight against scam adverts November 17, 2021 Prime Minister Boris Johnson is urged this morning to include paid scam adverts in the upcoming Online Safety Bill. The call comes from a range of celebrities, including Robbie Williams (pictured above), Bear Grylls and Holly Willoughby, who have signed a joint letter led by Martin Lewis. The consumer guru has long campaigned against bogus [...]