UK government set for leading role in insuring live entertainment
The British government is expected to announce an insurance scheme in the coming weeks for live events, including festivals, theatre and sports, to allow them to go ahead despite the pandemic, insurance industry sources said.
Housing prices are rising at a faster rate than they have in the preceding 17 years
According to Nationwide chief economist Robert Gardner, housing values remain “close to a record high” in relation to normal incomes, which “makes it even difficult” for first-time buyers to find their dream home. House prices in the United Kingdom grew 13.4% year over year, according to Nationwide. In a BBC interview, he discussed how the […]
Bank stocks set Dow for higher open ahead of consumer confidence data
The blue-chip Dow index was set to open higher on Tuesday, as shares of big U.S. banks rose, while investors looked to consumer confidence data against the backdrop of rising inflation and a spike in COVID-19 cases across Asia.
EXCLUSIVE SoftBank leads new funding round in Gympass, valuing startup at $2.2 bln
Gympass, which makes gym memberships more accessible for corporate employees, has raised $220 million in a funding round led by existing investor SoftBank Group Corp (9984.T), more than doubling the startup’s valuation to $2.2 billion.
EXCLUSIVE TP ICAP to launch crypto trading platform with Fidelity, Standard Chartered
TP ICAP (TCAPI.L), the world’s biggest interdealer broker, is launching a cryptocurrency trading platform with Fidelity Investments and Standard Chartered’s digital assets custody unit, the consortium said on Tuesday.
Tencent-backed Linklogis, Sunway to jointly seek Malaysia digital bank licence-sources
Malaysian conglomerate Sunway Bhd (SWAY.KL) has teamed up with Tencent-backed Chinese fintech firm Linklogis Inc (9959.HK) and Bangkok Bank PCL (BBL.BK) to apply for a Malaysian digital bank licence, two sources with knowledge of the matter said.
Analysis: When do electric vehicles become cleaner than gasoline cars?
You glide silently out of the Tesla (TSLA.O) showroom in your sleek new electric Model 3, satisfied you’re looking great and doing your bit for the planet.
Musk set to tout Starlink progress as cost, demand hurdles linger
Don Joyce, a Nokia director working from home at a remote lake cottage in Canada, recently abandoned his painfully slow phone-line internet in favor of satellite broadband service Starlink, offered by Elon Musk’s SpaceX.
More changes from Orcel’s shake-up of UniCredit due in coming weeks -sources
MILAN, June 29 (Reuters) – UniCredit (CRDI.MI) is set for further senior management changes in the coming weeks as part of new CEO Andrea Orcel’s reorganisation of Italy’s second biggest bank, two people close to the matter said. In May, less than a month after taking the job, Orcel announced an overhaul of top management, streamlining a […]
Growth stock comeback fuels Cathie Wood’s ARK funds
A more than 10% surge in growth stocks since the start of the quarter is fueling a comeback in star stock picker Cathie Wood’s ARK funds, which posted some of the worst declines among all U.S. equity funds over the first three months of the year.
