UK court blocks Julian Assange US extradition on espionage charges January 4, 2021 Wikileaks founder Julian Assange cannot be extradited to the US to face espionage charges, a UK court has ruled. Assange faces 17 charges of espionage and computer fraud in the US and could be sentenced to as many as 175 years behind bars. In a landmark decision at the Old Bailey this morning, district judge [...]
UK court to rule on Julian Assange extradition case January 4, 2021 Wikileaks founder Julian Assange will today find out whether he will be extradited to the US to face espionage charges in a landmark press freedom case. Assange faces 17 charges of espionage and computer fraud in the US and could be sentenced to as many as 175 years behind bars. His fate will be decided [...]
Gut instinct and social media drives young people to risky investment decisions, warns FCA March 23, 2021 The financial watchdog has warned that young people are increasingly engaging with risky investments like foreign exchange and cryptocurrency, despite not having the capacity for loss if the investment goes wrong. The Financial Conduct Authority’s (FCA) research found nearly two-thirds (59%) of young investors claimed that a significant investment loss would have a fundamental impact [...]
Redesigning the global financial infrastructure for the digital-age August 6, 2021 Since the ‘DeFi Summer’ of 2020, the DeFi market has grown by 40 times, with the Total Value Locked currently standing at $61B. Stablecoins, one of the major pillars of DeFi, almost quadrupled in the first half of 2021 to $112 billion. Novum Insights’ latest report Decentralized Finance: Re-designing the global financial infrastructure for the [...]
Elon Musk risking the wrath of US authorities with Bitcoin tweets February 19, 2021 Tesla boss Elon Musk is sailing close to the wind with his mischievous Bitcoin tweets and could end up falling foul of the law, experts say.
Easyjet boss: We can ‘take advantage’ of European rivals who got state bailouts January 28, 2021 Easyjet’s chief executive has said not getting government bailouts like continental rivals during Covid-19 could benefit the budget carrier as it seeks to grow in Europe. Unlike in many European countries, the UK government has not propped up the country’s airlines despite multiple calls to do so. But Johan Lundgren said the restrictions imposed on [...]
Bitcoin gets the jitters as Elon Musk’s curious meddling continues May 16, 2021 Fresh from his sudden announcement that Tesla would no longer accept Bitcoin (BTC) owing to environmental concerns, Elon Musk again put the boot in with a series of messages and arguments over cryptocurrency.
AstraZeneca gets vaccine boost as sales jump to nearly $26bn February 11, 2021 Product sales at AstraZeneca jumped 10 per cent in 2020, up to nearly $26bn, in a year that made the at pharmaceutical company a household name. Total revenue at the business stood at $2.6bn, up nine per cent from 2019. Globally, new medicines represented 52 per cent of total revenue for the year. AstraZeneca’s share [...]
Rapid build-up of tankers and laden vessels at blocked Suez Canal as alternatives are limited March 25, 2021 Overnight on Tuesday, the container Ship Ever Given ran aground in the southern part of the Suez Canal, a rare event in the history of the waterway. The potential for a rapid build-up of liquid and gas tankers in the region is marked with multiple laden vessels now indicating major delays for their Suez transit. As of this morning [...]
Robert Jenrick says decision to save developer £40m was ‘perfectly fair’ July 22, 2020 Housing secretary Robert Jenrick has defended his controversial decision to approve a 1500-home housing development a day before taxes would have cost the developer £40m as “perfectly fair”. The housing secretary has come under fire for alleged links with the developer, and Tory donor, Richard Desmond, with Labour calling the saga an example of “cash [...]