Fizzy mixer brand Fever-Tree sees European revenues surge as holiday spots bolster stocks July 20, 2021 Fever-Tree has seen its European revenues surge outside of the UK as hospitality destinations bolstered stock in anticipation of summer holiday goers. However, ongoing travel confusion and ‘Freedom Day’ fears may have knocked investors faith – as it saw its shares plummet 7.10 per cent this afternoon, dragging its total share price to 2,276. The [...]
China calls US, UK cyber attack allegations ‘groundless and irresponsible’ July 20, 2021 China has denied US-led accusations of orchestrating a global cyber hacking campaign against tech giants including Microsoft. The US and a coalition of allies, including the UK, EU, Australia, Canada, Japan, New Zealand and Nato, on Monday accused China behind the “systematic cyber sabotage”, including a major hacking of Microsoft earlier this year. China hit [...]
‘Severe consequences’: Israel warns Unilever against Ben & Jerry’s West Bank boycott July 20, 2021 Israel has warned consumer goods giant Unilever of “severe consequences” if its subsidiary Ben & Jerry’s upholds its decision to boycott the West Bank. Vermont-based ice cream company Ben & Jerry’s said it plans to stop selling ice cream in Israeli-occupied territories yesterday. However, Israel’s prime minister Naftali Bennett urged the US to invoke anti-boycott [...]
Foreign investors pile $1.25bn into Indian delivery startup Swiggy July 20, 2021 Indian food delivery startup Swiggy has rallied $1.25bn in its latest fundraiser, as foreign investors pile into the country’s exploding tech-based startup scene. The latest funding round, led by Japanese SoftBank’s Vision Fund 2 and tech investor Prosus, has driven Swiggy’s valuation to hit an eyewatering $5.5bn, according to TechCrunch. The US’ Goldman Sachs and Qatar [...]
China reports highest jump in new Covid cases since January July 20, 2021 China recorded the highest daily tally of new Covid cases since January amid a surge in imported infections in Yunnan province sharing the border with Myanmar. Chinese health officials reported 65 new confirmed cases on Monday, more than double a day earlier. That was the most number of daily new cases since 30 January, when [...]
Regulation and investors’ demands push fund managers towards ESG July 20, 2021 Regulatory imperatives and investor demand are driving an increased focus on environmental, social and corporate governance (ESG) principles, according to a PwC report published today. The study found that three-quarters of the fund managers questioned – holding £15.5 trillion in assets – are being influenced by investors and policymakers to drive sustainability outcomes. Regulation 76 [...]
Hong Kong leader brushes off fears of exodus from the territory July 20, 2021 Hong Kong chief executive Carrie Lam on Tuesday brushed off the recent scenes at the city’s airport packed with thousands of Hongkongers leaving for Britain. The city’s leader said emigration is a personal choice, and her government held no official position on the phenomenon. “Every now and then in the history of Hong Kong, there [...]
Swiss bank UBS hits highest profits in over five years across all regions July 20, 2021 Swiss bank UBS posted net profits north of $2bn today, as handling assets for the ultra-wealthy proves to be a money-maker for world’s largest wealth manager. Net profits saw a 63 per cent jump in the second-quarter, which exceeded analyst forecasts by more than half a billion dollars. “The momentum is on our side. We [...]
Katie Hopkins deported from Australia over controversial quarantine behaviour July 19, 2021 British right-wing commentator Katie Hopkins will be deported from Australia for bragging about her plans to disobey hotel quarantine measures. On Friday, she joked about opening the door “naked with no face mask” to workers delivering her meals in an Instagram Live recorded from her Sydney hotel room. The post has since been deleted. Ms [...]
Hong Kong’s parliament expected to pass controversial ‘anti-doxxing’ law July 19, 2021 A new law proposed by Hong Kong’s government would give the city’s privacy watchdog the power to request malicious sharing of individuals’ information be removed from websites, even if the content is hosted outside Hong Kong. Hong Kong authorities revealed details of the bill on Friday, effectively criminalising doxxing activities – disclosing personal information without [...]