The chief of US software company Snowflake cashed in $344m worth of shares in the company this week, taking his total sales in 2021 to more than $600m and capping a spate of selling by leaders of high-flying software companies. The sales by Frank Slootman, who was not a founder of the database software company…
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Palantir, a data analytics firm best known for its ties to the defence and national security communities, plans to shift its entire UK data processing operation from the US, ahead of what experts are calling a global “regulatory tsunami” affecting cross-border data flows. By the end of 2022, Palantir will offer UK clients, including NHS…
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The International Energy Agency has called for strong and immediate actions from governments to tackle emissions from coal, as it predicted the amount of electricity generated from burning the fossil fuel would hit a record high this year. In its annual coal report, the Paris-based group said global power generation from coal was set to…
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Chinese technology companies fell on Friday after being targeted by US investment blacklists and as hawkish signals on monetary policy from the US Federal Reserve and other central banks hit growth stocks around the world. Hong Kong’s Hang Seng Tech index lost as much as 2.7 per cent in morning trading. Travel booking website Trip.com…
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Zopa pulls out of peer to peer lending. Lessons everyone in lending should learn Great article by Matthew Lynn in the Sunday Telegraph business section. While this is ostensibly about the withdrawal of Zopa from the peer-to peer funding market, it contains wider truths about lending in general. Matthew has been around the block a…
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Fintechs and ‘neobanks’ take on the establishment; how South Africa’s lenders rode out first Covid storm; Moroccan banks target francophone west Africa; oil price shocks test resilience of Nigerian banks; and refugees in Kenya learn to bank on their future
Residents of America’s biggest cities are struggling to book vaccine appointments because of the rising wave of the Omicron variant and a rush in demand for booster shots before Christmas. Walgreens, one of the country’s biggest pharmacy chains by number of pharmacists, says it is seeing record levels of demand, while those looking to book…
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Seven months after his landmark victory against Royal Dutch Shell, Roger Cox has never been busier. Little known outside his native Netherlands, Cox is probably the world’s most successful climate litigator. His win against Shell in May, when a judge in The Hague ordered the Anglo-Dutch energy supermajor to cut its carbon emissions by 45…
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The chief executive of Tether ran a company that faced a string of lawsuits in China over unpaid bills and fines for late tax payments before he helped launch the contentious stablecoin now at the heart of the crypto industry. As crypto has moved from finance’s fringes to its mainstream, investors have increasingly relied on…
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When the Green Party entered a coalition government with the Austrian People’s party in 2020, reforming tax and benefits to the advantage of green, sustainable businesses was a centrepiece of the administration’s agenda. The country hoped to push its credentials as a top European hub for green enterprise, while putting Austria on a path towards…
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