Apple and Samsung smartphone screen supplier expands Vietnamese production capacity January 11, 2023 Chinese technology group BOE, which supplies both Apple and Samsung, is preparing to build two new factories in Vietnam. The smart display company plans to invest up to £330m ($400m) in its expansion, according to Reuters. It wants to rent up to 100 hectares of land in the northern region, 80 per cent of which will [...]
Can British bullishness tackle one of the globe’s biggest climate problems? January 11, 2023 | Sponsored It’s not a myth. Climate change is here and it’s happening — it’s not just happening in David Attenborough documentaries. The effects of climate change are measured and proven — ice caps melting, rainy seasons are getting shorter, vegetation is drying out and dying, more cloud cover, record heat temperatures, the weather is becoming more [...]
NatWest helps firms and customers concerned with ‘cutting back on food and groceries’ January 11, 2023 NatWest has announced new measures to help squeezed businesses and customers in debt after noticed people are cutting back on food and fuel amid decades-high inflation. The banking giant, which was majority owned by the UK Government until last March, said it was extending the repayment period for customers who have missed several payments on [...]
Investing in emerging markets is like sex: For good or bad depends on your position. January 11, 2023 | Sponsored It’s not a bandwagon, Africa’s emerging market is a hotbed for foreign investors; 75% of total investment in 2021 was made by foreign investors. Across all investors, Africa received a significant injection of cash: a grand total of $5.2bn was invested across 604 companies, 4 startups of which are now worth over $1bn. West Africa [...]
Now that you’re asking where your supplies come from, we should talk. January 11, 2023 | Sponsored As the world faces a shortfall of both energy supplies and critical metals, difficult decisions are being made to meet the growing supply gaps without risking new dependencies on unsustainable producers or compromised geopolitical actors. Quite a problem for some; particularly for a range of European countries and firms in light of the Russian invasion [...]
Darktrace shares down over 10 per cent after firm cuts revenue forecast January 11, 2023 British cyber-security company Darktrace cut its full-year revenue forecast on Wednesday after prospective customers turned more reluctant to run product trials due to the worsening economic environment. The company, which listed in April 2021, said it now expected its constant currency annual recurring revenue (ARR) to increase by between 29.0 per cent and 31.5 per [...]
Cash-strapped Credit Suisse considers halving its bonus pool following £1.7bn loss January 11, 2023 Credit Suisse is considering cutting its bonus pool by 50 per cent as the embattled investment bank seeks to cut costs, Bloomberg has reported. The Swiss asset manager faced a challenging 2022 when its share price sunk 67 per cent. In the nine months to September 2022, Credit Suisse swung to a pretax loss of [...]
Golden Globes audience shocked by Tom Cruise Scientology joke January 11, 2023 The Golden Globes took place last night in Los Angeles, the second biggest awards show night in Hollywood, and in many ways the annual pre-cursor to the Oscars. Ricky Gervais is no longer on hosting duties, but he may as well have been given how shocking things got. At one point, host Jerrod Carmichael did [...]
Bitcoin continues to gain ground as crypto markets look to establish stability January 11, 2023 The price of Bitcoin is up by 1% over 24 hours at $17,440 this morning while Ethereum is changing hands for $1,335 - a modest rise of 0.49%.
UK Treasury under fire for delays to buy-now pay-later regulations January 11, 2023 The Treasury has come under fire from a Tory peer today after more delays to the rollout of buy-now pay-later regulation, amid concerns fintechs have been left in limbo and shoppers are landing themselves in unmanageable piles of debt. Buy-now pay-later (BNPL) firms like Klarna, Clearpay and Laybuy, which allow shoppers to defer and split [...]