Revolut expands business offering with digital payments service December 4, 2020 Challenger bank Revolut is bolstering its business offering as it moves into merchant acquiring allowing businesses to accept online card payments. Revolut’s chief executive Nik Storonsky announced, at this year’s Web Summit, that its business segment had launched an acquiring solution, which will allow businesses in 13 European countries to accept card payments online directly [...]
Screenshot: Can social media win the anti-vax war? December 4, 2020 A weekly column from City A.M. bringing you all the biggest stories and trends in technology, media and telecoms This week **Media Moment of the Week: A very British scandal **Social media gears up for the vaccine information war **How data dominates financial markets Media Moment of the Week It was quite possibly the most [...]
Successful Indian Premier League 2020 underlines that competition remains king December 3, 2020 Cricket’s Indian Premier League ended with the Mumbai Indians beating the Delhi Capitals in a rather one-sided and lacklustre final last month. Yet while the showpiece event failed to deliver, it couldn’t take the gloss off a remarkably successful tournament in the UAE. Uday Shankar, president of Disney Asia Pacific, which owns broadcaster Star Sports, [...]
Premier League agrees £250m bailout package to help EFL clubs survive pandemic December 3, 2020 The Premier League has agreed a £250m bailout for struggling clubs outside the top division. The aid package for the English Football League (EFL) includes £50m in grants for teams in Leagues One and Two. A further £200m in interest-free loans will be made available to clubs in the Championship. The long-awaited deal to mitigate [...]
The Future is Decentralized: 5 Reasons Why DeFi’s Cool-down Will Be Short Lived December 3, 2020 DeFi was once the hottest crypto trend of 2020, but the sector’s recent slowdown has some wondering whether the boom times are over. While Bitcoin’s taken the spotlight for now, crypto enthusiasts take heed: it would be unwise to count DeFi out. The decentralized finance (DeFi) sector started out as a relatively niche market before [...]
DEBATE: Should museums and galleries consider auctioning off items to stay afloat? December 3, 2020 Anita Choudhrie, philanthropist and founder of Stellar International Art Foundation, says YES UK museums have long been reticent about deaccessioning. Ethical codes for British museums and galleries state that items should be retained within the public domain, but that in exceptional circumstances sales can occur, provided that proceeds are used to benefit the collection. No [...]
Nicola Sturgeon is no Mother Christmas December 3, 2020 If there is one political certainty I would bet my house on, it’s that when politicians are in serious trouble they will suddenly make a major announcement to push the damaging story off the news agenda. There is no better exponent of this trait than the media operation of Nicola Sturgeon and her Scottish government, [...]
Pfizer vaccine: Matt Hancock green-lights 800,000 doses for rollout next week December 2, 2020 The NHS will start vaccinating the most vulnerable next week, after 800,000 doses of the Pfizer vaccine passed batch testing this morning, the health secretary has said. Announcing the UK’s approval of the Pfizer/Biontech vaccine in the Commons this morning, Matt Hancock said: “I can confirm that batch testing has been completed this morning for [...]
Boris Johnson faces Tory rebellion in today’s Covid restrictions vote December 1, 2020 Up to 100 Tory backbenchers could vote against the government’s new Covid restrictions regime in what may be the largest party revolt against Boris Johnson’s government so far. Dozens of Tory MPs have said they will today vote against the new regionalised Covid restrictions, after the government’s analysis of the new system, released yesterday, was [...]
Booming December 1, 2020 Record Highs Bitcoin maximalists proved the world wrong was the general tone of conversations across social media channels as the bulls were seen parading their price target calls in the wake of Bitcoin finally printing a new record high on Monday. The fact that many financial institutions, investors and economists, have remained sceptical of the [...]