Category: Business

Over the last year, the worldwide web has started to look less worldwide. Europe is floating regulation that could impose temporary bans on US tech companies that violate its laws. The United States was on the verge of banning TikTok and WeChat, though the new Biden administration is rethinking that move. India, which did ban […]

It is targeting wealth management and commercial banking to drive “double-digit growth” and has singled out Asian markets such as Singapore, China and Hong Kong. The strategy update came as HSBC reported a 34% drop in profits for 2020 partly due to the impact from Covid-19. The UK-based bank already generates the bulk of its […]

The app allows users to join and participate in pop-up public or private audio chatrooms, promising that conversations are not recorded and have to be experienced live. But US cyber-security researchers tweeted that a user had found a way to stream audio to another website. Clubhouse confirmed the spill to Bloomberg, saying it banned the […]

The Prime Minister has clearly learned the lesson of over-promising to business, then having to disappoint. With the success of the vaccine rollout at his back, he was able to start springing some positive surprises. Hairdressers and gyms who were expecting to be shut till May, can open from 12 April, along with non-essential retail. […]

Huawei has unveiled a revamped foldable smartphone, which it says has a much smaller internal gap when closed than that of its main rival Samsung. The Mate X2 marks a major redesign for the Chinese firm. When shut, the large display is now hidden inside the device rather than exposed over its exterior, as was […]

For American music mogul Jay-Z, who has boasted of having a “million ways to make money” it looks like it may now be “on to the next one”. French luxury giant LVMH has purchased a 50% stake in his Armand de Brignac champagne brand, known to fans of his music by its “Ace of Spades” […]

About 1,000 EU finance firms are eyeing up opening offices in the UK for the first time, according to financial consultancy Bovill. A Freedom of Information (FOI) request by the firm found that 1,500 money managers, payment firms and insurers have applied for permission to continue operating in the UK after Brexit. Around two-thirds had […]