Tag: News

Aug 11

Four new directors for Bank of England board

The government is set to appoint four new non-executive directors to the internal court of the Bank of England, which acts as its supervisory board. The new blood comes amid a period of intense scrutiny of the central bank’s decisions and mandate. Last week it revised its inflation forecasts and predicted a prolonged recession — […]
Aug 9

Lord Hammond to join £1bn Fintech Growth Fund

Former Chancellor Lord Philip Hammond has been appointed to the advisory board of the provisionally named Fintech Growth fund, a £1bn venture to invest in financial technology startups, according to reports. Sources told Sky News on Monday that Lord Hammond, who served as chancellor under former Prime Minister Theresa May from 2016 to 2019, would […]
Aug 9

UK urged to come up with microchip strategy

Intel has called on the government to lay out a strategy for the semiconductor industry and not miss out on inward investment. The giant American chip company is spending €33 billion in mainland Europe on semiconductor research and manufacturing, with support from the European Union, but has no such plans for the UK. Western countries […]
Aug 8

Charities go door to door to capitalise on home working

A growing number of charities are sending fundraisers door to door to capitalise on the rise in people working from home. Sign-ups for direct debit donations are expected to double pre-pandemic numbers this year, according to the Chartered Institute of Fundraising. VSO (Voluntary Service Overseas) and Oxfam are among the high-profile charities to have relaunched […]
Aug 8

Musk urged to build Tesla factory in Teeside

The world’s richest man Elon Musk has been urged to construct a Tesla plant in North East England, after the electric vehicle giant revealed ambitions to build a dozen new factories worldwide. Ben Houchen, the Conservative Mayor for Tees Valley, wrote to Mr Musk on Friday calling on the Tesla billionaire to build a plant […]
Aug 8

Crypto firms spend £1.9bn on sports sponsorships

Crypto companies have spent $2.4bn (£1.9bn) globally over the last year and a half on sports sponsorships as they splurge on marketing. Major crypto firms have signed deals with big athletes, sporting franchises, and leagues as they seek to rival the marketing prowess of non-crypto brands, according to Bloomberg. Crypto exchange Binance has signed with […]