This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis…
Read more
AstraZeneca has signed its first for-profit deals for its Covid-19 vaccine, moving away from the completely non-profit model that it used during the pandemic. The Anglo-Swedish drugmaker is now expecting the vaccine will move to “modest profitability” as new orders are received. The shot, developed with the University of Oxford, will remain non-profit for developing…
Read more
Toshiba is expecting offers for a number of its most attractive businesses from private equity and strategic buyers even before it begins a process to split itself into three new companies. The likely flow of offers, which people close to the Japanese conglomerate expect to begin before the end of December, follows Friday’s announcement of…
Read more
The payment by rich countries to developing countries to help them fund their adjustment to climate change is proving to be a major sticking point at the COP26 summit. Funding has been a fraught issue from the outset of the two-week negotiations, when rich countries admitted that they had missed a $100bn-a-year promise that was…
Read more
The great challenger bank experiment has failed Good Saturday morning reading from Ben Marlow but definitely not for the faint hearted. He takes the view that banking is really all about scale and as evidence presents the proposed takeover of Metro Bank by Carlyle as a step in the road to, perhaps, create a scaleable…
Read more
Health complications stemming from childbirth drain at least $32.3 million from the U.S. economy, according to a new study. Maternal mental health disorder accounted for the biggest share of both medical and societal costs like loss of economic output at $18.1 billion over a six-year span, according to new research from Mathematica and the Commonwealth…
Read more
Rivian, the US electric vehicle maker, went public this week with a valuation of $86bn and a compelling story. “For as long as I can remember, I’ve been obsessed with cars,” its 38-year-old founder, RJ Scaringe, confessed in its IPO prospectus. “I had hoods under my bed, windshields in my closet and engine parts on…
Read more
British venture capitalist Ian Osborne has brought in Nextdoor co-founder Nirav Tolia as executive chair of his investment group Hedosophia as it prepares for a fresh push into the US tech market next year. Tolia joins the tech-focused investor following the flotation of Nextdoor, where he was chief executive until 2019. The company’s shares surged…
Read more
Playtech: luck of the draw A potential £3bn bid battle for gambling software group Playtech has drawn the attention of one of Hong Kong’s most venturesome investors. Paul Suen Cho Hung, a Chinese-born businessman best known for floating Birmingham City Football Club in Hong Kong, has swept the London market to build a 3.66 per…
Read more
Toshiba’s board is poised to rule out pursuing a deal to take the whole company private and is preparing to reveal an alternative plan to split the business in three that some investors say they may reject, according to people familiar with the matter. A $20bn offer for the conglomerate by UK private equity group…
Read more