Tesla rival Lucid Motors gears up for $24bn stock market float February 23, 2021 A luxury electric vehicle maker looking to challenge the dominance of Elon Musk’s Tesla is set to go public in a blank cheque deal that will value it at $24bn (£17bn). California-based Lucid Motors has agreed to merge with Churchill Capital IV, a special purpose acquisition company (Spac) set up by former Citigroup banker Michael [...]
PayPal to allow US customers to use cryptocurrencies in online shopping March 30, 2021 PayPal is set to allow its US customers to use their cryptocurrency assets to pay online, a move that may signal a shift towards digital currencies for online shopping. Formally announcing the move later today, PayPal will allow customers to convert bitcoin, ether, bitcoin cash and litecoin into fiat currencies at checkouts, the company told [...]
The year in charts: From the FTSE to Zoom’s share price December 31, 2020 2020 has been quite the ride. So, to cap it off, we worked with our friends at Flourish to look at *quite* how wild it was… Global stock markets have had an odd year – from optimism to collapse to guarded positivity for the future. Here’s how the FTSE 100 fared. Currency markets were all [...]
Watch Elon Musk’s Space X Starhopper rocket hit new heights on Texas hover test August 28, 2019 Elon Musk’s Space X took another small step – or giant hop – on the entrepreneur’s mission to colonise Mars yesterday, as a prototype of its next generation Starhopper rocket reached its highest altitude yet on a hover test. The next generation rocket slowly climbed to 150m above Space X’s test site in Texas before [...]
Using AI-powered spacecraft is the only way to clean up space March 17, 2021 In 1978 NASA scientist Donald J. Kessler proposed a theoretical scenario in which the density of objects in low Earth orbit due to space pollution becomes high enough that collisions between objects starts to cause a chain reaction whereby each collision generates more space debris, which then increases the likelihood of further collisions. One implication [...]
Microsoft sees continued demand for cloud services April 27, 2021 It was another stellar quarter for Microsoft as it continued to benefit from the pandemic-induced shift to the cloud. The tech heavyweight beat Wall Street expectations for quarterly revenue, rising 19 per cent to $41.7bn in the three months to March just ahead of analysts’ estimates of $41.03bn. Last quarter Microsoft reported a 17 per [...]
Payments group Wise mulls direct London listing March 19, 2021 Payments company Wise, formerly known as Transferwise, is reportedly looking to list in London without selling new shares to investors. Upheld as one of the UK’s most successful startups, having reached unicorn status in 2015, Wise has long been considered a candidate for an IPO. The fintech, which was most recently valued by private investors [...]
UN chief calls for wealth tax on rich who profited during the pandemic April 12, 2021 The head of the United Nations has urged governments to impose a “solidarity or wealth tax” on rich people who profited during the coronavirus pandemic. UN secretary-general Antonio Guterres said the new tax scheme would help slash extreme inequality. “We must make sure funds go where they are needed most. Latest reports indicate that there [...]
Kanye West, Jeff Bezos and Bill Gates tipped to be next big names in Bitcoin April 9, 2021 Rapper Kanye West has been tipped as the next celebrity to invest heavily into Bitcoin, with one odds maker putting Kim Kardashian’s ex-husband at 2/1 to buy at least $100m of the cryptocurrency.
Elizabeth Warren’s proposed billionaire’s wealth tax would rake in ‘$78bn from just 100 people’ March 1, 2021 US Wealth tax bill aims to reverse economic downturn caused by Covid-19