Elon Musk in the Clubhouse, not the Dogehouse! February 1, 2021 Crypto at a Glance If you caught last week’s episode of ‘The Markets do the Funniest Things’, you’ll undoubtedly have been on the edge of your seat waiting to see how it all turns out this week. But let’s start with a quick recap. Friday’s cliffhanger saw GameStop back up and running on Robinhood and [...]
EU pushes for new technology tax on internet giants Facebook, Amazon and Google October 10, 2018 The EU is pushing for a new tax on technology giants such as Facebook, Amazon and Google that it claims could raise £4.4bn a year across Europe. Seven months ago, the European Commission published proposals for a three per cent tax on the revenues of multi-national internet companies with global revenues above £660m a year. [...]
Johanna Kyrklund: the FOMO market is over – so, what’s next? April 12, 2021 Maybe lockdown has made me more middle aged and boring. I’m just not as interested in trendy stuff any more, both in my personal life (I opted for a VW ID3, not a Tesla, after all) and now in investing. But in today’s markets a more boring approach – favouring diversification and judiciousness over more [...]
Advertising recession ‘highly probable’ as coronavirus hits key media owners March 30, 2020 An advertising recession in the first half of 2020 is now highly probable as brands slash spending due to the coronavirus outbreak, according to a new report. Industry body Warc today warned that the advertising industry was all but certain to follow the wider global economy and fall into a recession sparked by the pandemic. [...]
Delivery Hero takes a bite out of Asian market with $4bn Woowa deal December 13, 2019 Delivery Hero has agreed a $4bn (£3bn) deal to purchase South Korea’s biggest food delivery app and form a joint venture, driving up competition in the rapidly-growing Asian market. The Berlin-based group today signed a deal to take over Woowa Brothers, the startup behind the Baedal Minjok app – more commonly known as Baemin. Read [...]
Amazon ramps up UK investment with commitment to over 1,000 new jobs October 19, 2018 E-commerce giant Amazon is set to further cement its commitment to the UK, after it revealed plans tonight for a new research centre in Manchester and expansion in Edinburgh and Cambridge which will create over 1,000 new highly-skilled jobs in the country in 2019. Labelled by the firm as “Silicon Valley jobs in Britain”, the [...]
US stocks slip back as consumer confidence plunges April 28, 2020 Wall Street stocks reversed course in morning trading after a survey showed US consumer confidence plunged in April and drugmaker Merck dragged down health equities. The S&P 500 was marginally lower three hours into trading. The Nasdaq was down 0.7 per cent but the Dow Jones was up 0.2 per cent European markets finished the [...]
Before the Bell: Investors look to the Fed and zoom in on Apple and Facebook January 27, 2021 Markets in Europe look set to continue to be driven by the prospect of further restrictions being imposed by governments concerned about seeing further increases in coronavirus cases, from speculation about a third lockdown in France, which could come by the weekend, to the prospect of further restrictions here in the UK in the form [...]
Timing a Token Launch September 11, 2020 It’s March 2020. Countries across Asia are closed for travel and movement. Italy has come under the global spotlight because of its strict and indefinite lockdown period. Spain isn’t far behind. The world is becoming alert to a new, deadly virus and supermarkets are being overrun by panic buyers. Economists are predicting a formidable depression [...]
France vows to hit back at US tariffs as luxury stocks fall December 3, 2019 The European Union will hit back at “unacceptable” US tariff threats against French products, finance minister Bruno Le Maire has warned. Shares in luxury French retailers took a hit this morning after the US issued new tariff threats in retaliation against the country’s new tech tax. Read more: US to slap France with tariffs over [...]