Google launches $2m fund to help bridge funding gap for Black tech founders March 2, 2021 Google For Start Ups launches fund to tackle lack of black talent in tech
Budget 2021: Philip Hammond tells Boris Johnson to ditch big infrastructure projects March 2, 2021 Former chancellor Lord Philip Hammond has told Boris Johnson to ditch his plans for big infrastructure projects in the North, with the UK facing its largest ever Budget deficit. Hammond said today that a better way to enact Johnson’s “levelling up” agenda was for more devolution to regions, while also calling for tax rises and [...]
G20 nations including UK agree to raise IMF funds March 2, 2021 The G20 agrees to inflate IMF funds as a gesture to poorer countries to help them recover from pandemic.
18 energy suppliers pay out £10.4m for overcharging customers March 2, 2021 Ofgem has this morning charged 18 energy suppliers, including British Gas, Shell, and Scottish Power, a combined £10.4m for overcharging their customers. In total, over 1m customers were wrongly charged £7.2m for firms’ failures to correctly protect customers’ tariff prices when they decided to switch supplier or tariff. The watchdog said that most of the [...]
Fresnillo triples profit on back of booming gold and silver prices March 2, 2021 Mexican miner Fresnillo this morning said that its profit tripled in 2020 as booming gold and silver prices offset a slight fall in production. The FTSE 100 firm said that profit before tax jumped to $551.3m (£397.3m) for the last financial year, up from $178.8m in 2019. That’s considerably ahead of analyst predictions of profit [...]
May the forest be with you! Putting a price on nature March 2, 2021 | City Talk Natural resources are often seen as free inputs that any company may use to produce an output. The exploitation cost alone is how firms assess a natural asset’s monetary value. In this way, natural resources tend to be seen as infinite: there is no clear sense of how overexploitation can destroy surrounding ecosystems. Today, many [...]
Hong Kong explores allowing SPAC listings March 2, 2021 Hong Kong is considering allowing SPAC listings as the popularity of blank-cheque vehicles starts to pick up outside the US. Special-acquisition companies (SPACS) are vehicles that raise capital through a public listing with the purpose of acquiring an existing company. They offer private companies a faster and more predictable way to go public and have [...]
UK small businesses donated £6bn in cash and gifts during the Covid pandemic March 2, 2021 UK small businesses donated £18bn during the Covid pandemic
Chancellor urged to keep London economy competitive through tax measures in Budget March 1, 2021 Chancellor urged to keep London economy competitive through tax measures in budget
Elizabeth Warren’s proposed billionaire’s wealth tax would rake in ‘$78bn from just 100 people’ March 1, 2021 US Wealth tax bill aims to reverse economic downturn caused by Covid-19