Scottish fintech Paysend closes £8.5m series B round July 26, 2019 Fintech firm Paysend has today announced the close of an £8.5m funding round, led by GVA Capital and a crowdfunding campaign on Seedrs. Silicon Valley-based GVA invested £3.95m in the round, while Revolut and Paypal-backers Plug and Play and Digital Space Ventures led the funding on Seedrs. More than 900 investors joined the crowdfunding effort, [...]
‘Vaccines are working’ against new Covid variants, says Jonathan Van-Tam February 24, 2021 “Vaccines are working” against the Kent Covid variant and will likely reduce the risk of severe disease from new mutations, the deputy chief medical officer has said. Jonathan Van-Tam said the B117 strain of coronavirus first identified in Kent now accounts for around 95 per cent of all Covid cases in the UK. Speaking to [...]
For the continued growth of esports, local and accessible venues are key March 9, 2021 In the summer of 2020, a monumental deal for the wider esports space was announced, and whilst it made some noise in financial, esports and gaming circles, it went by largely without much fanfare. The acquisition of Belong by GAME by esports infrastructure company Vindex, and the associated news that the US-based firm plans to [...]
EDF to shut Hunterston nuclear plant in January 2022 August 27, 2020 EDF today announced that the Hunterston B nuclear power station in Scotland would begin decommissioning in January 2022 at the latest. The plant, which began generating electricity in 1976, provides enough power to run 1.7m homes. It had been expected that the plant would continue to operate until March 2023, but EDF said it had [...]
Ukraine war day four: Russian Army enters country’s second-largest city as fighting continues February 27, 2022 Russian troops have entered Ukraine’s second-largest city of Kharkiv and fighting is under way in the streets, Ukrainian authorities have said. Oleh Sinehubov, head of the Kharkiv regional administration, said Ukrainian forces are fighting Russian troops in the city and asked civilians not to leave their homes. Russian troops approached Kharkiv, which is located about [...]
Cabinet Reshuffle: The ins and outs in Boris Johnson’s Cabinet September 16, 2021 Prime Minister Boris Johnson has reshuffled his top team, bringing a raft of new faces into his Cabinet. Most of the big moves were made on Wednesday afternoon, with junior ministerial appointments continuing Thursday. But who is in and who is out? The Ins Liz Truss – Foreign Secretary The South West Norfolk MP has [...]
‘Robots will take our jobs’: Eigen boss Lewis Liu on the future of the City worker January 26, 2021 It’s very rare a chief executive will say their work will lead to mass job cuts, not least one of an artificial intelligence firm. But Eigen Technologies’ Lewis Liu is not like your everyday boss. He is surprisingly frank in an industry that does an impressive job of spinning mass job cuts. “I’m not going [...]
Wall Street edges higher as FTSE 100 falls flat despite recovery hopes May 21, 2021 Wall Street opened higher this afternoon as investors turned their attention to key business surveys at the end of a volatile week of trading. The Dow Jones rose 0.11 per cent on open and the S&P 500 gained 0.23 per cent, while the tech-heavy Nasdaq pushed 0.59 per cent higher. It came after the London’s [...]
City fintech Curve picks up $55m series B funding round July 16, 2019 London fintech firm Curve has today closed a $55m (£43.9m) series B funding round, led by Gauss Ventures. New investors Creditease and IDC Ventures also came on board. The round was similarly supported by existing investors, such as Seedcamp, Speedinvest and the venture capital arms of Santander and Investec. Curve consolidates multiple bank accounts and [...]
South Africa Covid variant could cut Pfizer vaccine protection by two-thirds February 18, 2021 The South African variant of coronavirus could cut antibody protection from the Pfizer/Biontech vaccine by two-thirds, the drugs companies have announced. Laboratory studies by Pfizer/Biontech and scientists at the University of Texas Medical Branch said the vaccine still worked against the new mutation — also known as 501YV2. However, they cautioned that the jab produced only [...]