Calls for UK to match European business support from £4.6bn post-Brexit EU fund July 13, 2021 A new report has called on the government to clarify if it will support British firms if they are affected by an uneven playing field that could be created by a €5.3bn fund subsidising its Brexit-impacted industries. If EU countries decide to use much of the new Brexit Adjustment Reserve funds to subsidise private businesses as [...]
UK still ‘deeply concerned’ over treatment of human rights in Belarus July 13, 2021 The UK has again voiced its concerns over Belarus’ treatment of human rights today, following the hijacking of a Ryanair plane in May. “The United Kingdom remains deeply concerned by the human rights situation in Belarus,” the UK’s ambassador to the United Nations and World Health Organisation in Geneva, Simon Manley, said. “Tightening the laws [...]
Alibaba to launch £186m venture fund for startups in Southern China July 13, 2021 Chinese e-commerce giant Alibaba announced said today it will launch a HK$2bn (£186m) venture fund to support startups in the Greater Bay Area of southern China. Alibaba Hong Kong Entrepreneurs Fund (AEF) will be an anchor investor for the new fund, which will target startups in the region focusing on sustainability, deep tech, health tech, [...]
Global PC shipments lag after pandemic peaked demand July 13, 2021 Worldwide shipments of PCs grew just 4.6 per cent in comparison to the second quarter in 2020, after the pandemic peaked demand, according to research and advisory firm Gartner. The shipments totalled 71.6m units in the second quarter of this year and while the growth appears minor, it remains above pre-pandemic levels. The lagging growth [...]
Credit Suisse’s Swiss compliance head leaves with immediate effect after just four months July 13, 2021 The head of compliance at Credit Suisse’s Swiss unit, Floriana Scarlato, is leaving the bank with immediate effect, even though she had only been in the role since March. Scarlato will be taking up a new role outside the bank and her successor will be announced in due course, the financial giant confirmed. Scarlato is [...]
Biden to warn US companies about risks of operating in Hong Kong July 13, 2021 The US government will this week warn companies of the increasing risks of doing business in Hong Kong as China imposes greater control on the financial hub according to reports. Biden is said to be concerned that US companies would face threats from the Chinese government to gain access to data that foreign companies store [...]
Former DEA informant linked to assassination of Haiti’s president July 13, 2021 One of the Haitian-American men arrested on suspicion of taking part in the assassination of Haiti’s president last week had been an informant to the U.S. Drug Enforcement Administration, a DEA official said last night. Watch the full report.
Cyber attacks spurred by staff working from home, says global financial watchdog July 13, 2021 The surge of cyber attacks on the financial services sector, prompted by staff working from home, are likely to continue, the Financial Stability Board (FSB) says. The FSB, which coordinates financial guidelines for the G20 group of nations, said the pandemic-induced trend of working from home opened up new opportunities for cyber attacks. In their [...]
Barclays hires JPMorgan veteran Peter Ward to head global e-trading team July 13, 2021 Peter Ward, a JPMorgan veteran, has been hired by Barclays to become head of digital strategy and global electronic trading from September. He will be based in New York City. Ward will report directly to the bank’s co-president, C.S. Venkatakrishnan, who led the global markets business after a major reshuffle at the top, according to [...]
Amazon hit by multiple outages around the world July 12, 2021 Amazon was hit by multiple outages from Sunday into Monday, but the company said the problems have now been resolved. Watch the full report.