German digital bank N26 backed by Tencent and Peter Thiel launches in the UK October 4, 2018 A German digital bank backed by Tencent, Li Ka-shing and Peter Thiel will launch in the UK today with the aim of taking on the big high street banks and adding to the fierce competition among British app-only banks. N26, which already counts 1.5m customers across 17 European countries, has started rolling out its banking [...]
Crypto trading volumes plummeted in June, but Altcoins are moving up July 14, 2020 This week the price of Bitcoin (BTC) started trading around $9,200 and quickly moved up to $9,450. A potential rally was rejected close to $9,500 and BTC’s price then moved back down to $9,150, but it has since recovered back to $9,300. Ether (ETH), the second-largest cryptocurrency by market capitalization, had a similar price performance [...]
Burberry raises full year guidance after sales rise January 22, 2020 Designer brand Burberry this morning raised its guidance for the year after a quarter in which the luxury brand saw revenue rise three per cent. Revenue in the third quarter hit £719m, up from £711m twelve months ago, as the firm’s focus on the far eastern market looked to be paying off. In response Burberry [...]
Will new all-time-high and a huge milestone spark even more interest in Bitcoin? February 17, 2021 Bitcoin sets yet another ATH sweeping through the psychological $50k level. Do all roads now lead to $200k? Crypto at a glance Well, it finally happened. After a weekend of casual flirting and premature announcements (it was Valentine’s Day, after all), Bitcoin finally and definitively broke through that all-important $50,000 landmark price and is currently [...]
Tiktok accused of secretly sending US user data to China December 3, 2019 Chinese social media platform Tiktok has been accused of transferring “vast quantities” of user data to China, despite its assurances that all data was stored in the US. A class-action lawsuit filed in California said Tiktok “clandestinely has vacuumed up and transferred to servers in China vast quantities of private and personally-identifiable user data”. Read [...]
Asian markets sink further as Hong Kong protests escalate November 14, 2019 Asian markets have closed lower as anti-government protests continued to paralyse Hong Kong, with escalating violence forcing schools and universities to close and disrupting transport systems in the financial hub. Police fired tear gas at protesters blockading the entrance to a major tunnel linking Hong Kong island to the northern part of the city, while [...]
Nintendo switches it up in profit loss July 30, 2019 Japanese video game manufacturer Nintendo has announced a 10 per cent decline in its quarterly profit. The decline comes amid a troubling period for Nintendo’s older consoles, with the Kyoto-based company aware of the declining sales of the Nintendo 3DS, whose hardware and software sales have fallen almost 50 per cent year-on-year. Nintendo’s net revenue [...]
The four “M”s: why the 21st century belongs to Asia November 18, 2020 For a look into the future of the global economy, and where the power is shifting, consider technology developments in both China and India., In a mere decade, China’s e-commerce market has grown from less than 1% of global sales, into the world’s largest market in 2016, representing more than 40% of transactions by value. [...]
Hiro Capital launches with €100m fund as it sets sights on gaming boom October 14, 2019 A team of gaming entrepreneurs has set up a brand new venture capital firm to pump €100m (£87.6m) into the booming games and esports industries. Hiro Capital launched today with the aim of targeting what it describes as a funding gap in the market, splitting its investments between creative games studios and industry technology. Read [...]
UK music industry brings £5bn to economy thanks to boom in live shows November 20, 2019 The UK music industry contributed £5.2bn to the economy last year, boosted by sell-out live performances by hit acts such as Stormzy, Ed Sheeran and Dua Lipa. The live music sector contributed £1.1bn of this sum, up 10 per cent on the previous year, according to figures published today by industry body UK Music. Read [...]