Archive for January 2022
The Rapid Rise of Getir
Getir is a Turkish-based delivery app founded in 2015. Recently it has grown rapidly, with the firm’s workforce now consisting of over 30,000 employees worldwide. The service has already launched within the U.S.A. in Boston, Chicago and New York as well as throughout Europe in the U.K., Germany, Italy, France, Spain, Portugal, and the Netherlands.…
Read MoreWhat do the proposed changes to pension scheme caps mean?
On Tuesday 30th November 2021, Rishi Sunak, the Chancellor of the Exchequer, proposed a loosening of the current 0.75% fee cap on Defined Contribution pensions. He is proposing this to direct some of the capital within UK pension funds into growth areas such as venture capital & private equity (VC & PE), whose fees have…
Read MoreLooking for Unicorns? Go to Africa.
Fintech unicorns, a unicorn company is a start-up with a valuation of over 1 billion USD, have doubled this year in Africa which highlight the positive trajectory of the financial technology market. Due to an increased need for virtual banking in the pandemic, fintech firms have become more valuable in Africa and consequently increasing investments…
Read MoreOMICRON – The Past, Present, and Future for India’s Pandemic Ridden Economy
The recently identified Omicron COVID-19 variant has already threatened to intensify supply shortages and inflation, with the OECD’s inflation predictions for 2022 having been amended and revised upwards, making its impending toll on the global economy indisputable. Amongst such impacts, a particular development that will be interesting is the variant’s ramifications for India’s economy. During…
Read MoreThe alarming state of the UK energy market & the lack of clear-cut solutions
Amid rising global demand for gas and energy and a resultant dwindling supply, the UK has been experiencing rising gas prices across recent months. The energy price cap, which sets the maximum price suppliers in the UK can charge customers on a standard tariff, was risen in October 2021, resulting in around 15 million households…
Read MoreUK Build to Rent Sector Booming
4.1 billion GBP from large domestic and international firms flooded into the nascent British build-to-rent sector in 2021 and the industry is predicted to grow further in the coming year. Firms, including Lloyds Bank, are attracted to a product that has proven reliable returns despite the uncertainty of the COVID-19 pandemic. Build-to-rent is a style…
Read MoreThe Rationale Behind China’s Loan Cuts to Africa
In the Triennial Forum of China-Africa Cooperation held in Senegal in November 2021, President Xi of China had indicated that he would reduce investment by a third to $40 billion on infrastructure projects and instead focus on green projects and private investment flows. The reduction in investment is likely due to the increasing inability of…
Read MoreGSK Rejects 50 billion Bid from Unilever
Launching a bid that would create one of the biggest ever transactions involving London-listed businesses, Unilever has proposed multiple offers for the consumer health division of the pharmaceutical giant GlaxoSmithKline (GSK) in recent months. GSK stated that it had received several offers for the business from Unilever, with the latest being a 50 billion GBP…
Read MoreElectricite de France S.A: The Hero Without a Cape
On the 13th of January 2022, the French Government ordered state-owned utility Electricite de France S.A (EDF) to sell more of its cheap nuclear power to smaller competitors to limit the increase of electricity tariffs in France. EDF, a France-based electricity producer, marketer and distributor, is expected to face a 7 billion GBP hit at…
Read MoreIs Sportswashing just as dangerous as Greenwashing?
Jim Ratcliffe, CEO of INEOS, a British multinational petrochemicals company, has bought or become lead sponsor of multiple sports teams, including Mercedes Formula 1, Team INEOS Cycling, Breaking 2, New Zealand Rugby ‘Teams in Black’ and Team INEOS America’s cup. From an outside perspective, a chemicals company dedicating almost 500 million GBP in sports would…
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