Apple to become the world’s first $3tn company following reports of China secret deal December 7, 2021 Apple could become the world’s first company to reach $3tn, following reports of a $275bn deal struck with China. At today’s market opening, the company’s shares went up to $169.06, peaking at $171.05 – a 3.5 per cent increase compared with yesterday’s closing price of $165.29. Apple’s valuation consequently increased to $2.80tn, putting it in [...]
Beijing steps in as Evergrande collapse becomes imminent December 7, 2021 For months Chinese property giant Evergrande has been collapsing in slow motion. Now state officials have stepped in.
Musk calls for the US government to scrap EV subsidies December 7, 2021 Celebrity entrepreneur Elon Musk has called out a proposed $2tn (£1.5tn) spending package to support electric vehicles as unnecessary.
Informa shares surge on planned £1bn payout to investors December 7, 2021 Informa surges jumped as much as 6.9 per cent today after a fresh growth strategy the promise of a bumper payout cheered investors.
Gibraltar to integrate blockchain into government systems December 7, 2021 The government of Gibraltar has today announced plans to use blockchain technology to help with the delivery of public services.
Drone industry to face “cliff edge threat” without government support, expert warns December 7, 2021 The UK drone industry is on the verge of facing a “cliff edge threat”, following the expiration of the EU’s accreditation scheme in December 2022. According to Robert Garbett, a leading advisor on drone technology and chief executive of consultancy firm Drone Major, the UK Government needs to speed up post-Brexit drone accreditation. UK manufacturers [...]
Exclusive: Deal-making to surge due to ‘perfect storm of returning optimism, loosening restrictions and undervalued firms’ December 7, 2021 The market for mergers, acquisitions and other deals has, in the past two years, weathered periods of quiet during lockdowns and periods of boom as the economy reopened and optimism returned. This high demand looks set to continue well into 2022 with a new survey indicating that 90 per cent of dealmakers expect stronger activity [...]
British Airways slashes 2,000 flights until end of March December 7, 2021 British Airways (BA) has reportedly slashed around 2,000 flights, removing them from its schedules until the end of March. The flights were cancelled between 26 November and 3 December, but appear to be unrelated to the UK Government’s decision to re-introduce mandatory pre-departure and day 2 PCR tests, aviation news site Simple Flying reported. According [...]
Zopa pulls out of P2P consumer lending as it blames cowboy firms for ‘damaging customer trust’ December 7, 2021 Peer-to-peer giant Zopa has started to inform customers it is closing down its P2P consumer investment division, transferring its loan portfolio to its relatively new bank unit. In an email to customers, Natasha Wear, peer-to-peer CEO at Zopa, wrote that “after 16 years of peer-to-peer consumer investments at Zopa, we’ve taken the difficult decision to [...]
Outlook 2022: Global economy December 7, 2021 | City Talk 2022 is set to be another good year for growth, albeit the recovery is likely to remain unbalanced. Anticipated withdrawal of emergency levels of support will play important role in shaping outlook. Risks include higher-than-expected inflation and weaker growth. The emergence of the Omicron Covid variant has reminded us of the uncertainties which remain around [...]