EU to investigate Nvidia’s $54bn purchase of Arm August 27, 2021 Brussels is preparing to open an investigation into Nvidia’s acquisition of Arm as a result of competition concerns. Nvidia plans to notify the EU of its intention to purchase Cambridge-based technology company Arm in the first week of September. Two sources with detailed information of the process told the Financial Times that when Nvidia officially [...]
13 US troops and 72 Afghans killed in Kabul airport attack August 27, 2021 US President Joe Biden has promised to “hunt down” the Islamic State terrorists responsible for a deadly attack which claimed the lives of 13 US troops. Over 90 people have been confirmed dead after suicide bombers detonated two explosions outside Kabul Airport yesterday evening amongst crowds of people who were trying to evacuate from the [...]
Over 2m people receive less than £100 per week from state pensions August 26, 2021 More than 2m Brits receive less than £100 per week from state pension payments it has been revealed. Data analysed by Hargreaves Lansdown showed that millions of British pensioners are paid under the full state pension rate, which stands at £179.60 per week for those who retired after April 2016 and £137.60 per week for [...]
London based start up to employ 500 Afghan refugees August 26, 2021 Cera, a London based start up, has announced an initiative to recruit, train and employ 500 Afghan refugees. The company, which provides healthcare visits in homes across the UK, will be working with local councils and the government to train arrivals from Afghanistan as professional carers. The scheme is part of the government’s resettlement programme [...]
eToro crypto income jumps 2,245 per cent in a year August 26, 2021 The social investment platform, eToro, earned $264m from crypto trading commissions in Q2 2021, up from $11.26m the previous year. Commissions from crypto trading accounted for 73 per cent of a total $362m which the platform earned through trading fees. In the second quarter of 2020 crypto asset trades accounted for just 7 per cent. [...]
Deliveroo supports Notting Hill Carnival with limited edition patties August 26, 2021 Deliveroo is launching a range of limited edition patties to support the return of the cancelled Notting Hill Carnival in 2022. The delivery giant is teaming up with four of the festival’s ambassadors to roll out patties which are inspired by the Carnival’s history. The themed treats will be available to customers in London and [...]
M&S shares jump to 18 month high following revised price targets August 26, 2021 Marks & Spencer (M&S) shares are at their highest level in almost eighteen months after the company revised its profit targets upwards. In a statement released last week M&S said that they were expecting annual adjusted profit before tax to exceed the upper end of previous guidance predicting £300-350m. Share prices rallied in response to [...]
West watches on as Bank of Korea raises interest rates August 26, 2021 The Bank of Korea is raising interest rates in a shift away from pandemic era monetary policy as the country faces spiralling public debt. The interest rate climbed 25 basis points from a rate of 0.5 per cent to 0.75 per cent following a 10 per cent increase in household debt and a 14.3 per [...]
Staff shortages leave consumer facing businesses pessimistic about recovery August 26, 2021 Consumer facing businesses, such as bars and restaurants, have a pessimistic outlook about their economic recovery, according to a CBI survey. In the three months to August, optimism about the general business situation fell from +47 per cent in the previous quarter to -17 per cent despite an uptick in sales volume. The biggest concerns [...]
Barclays invests £294m to expand India operations August 26, 2021 Barclays has announced plans to invest more than 30bn rupees (£293.9m) in its India unit to expand operations. The infusion of capital will enable Barclays, which has operated in the Asia Pacific region for 50 years, to grow its Corporate and Investment Banking and Private Clients businesses. Barclays offers financing, advisory and risk management services [...]
