Bill Bernstein is widely known among professional investors as one of the best writers and thinkers in the industry. Two of his books, Deep Risk and The Investor’s Manifesto, belong in any conversation about the most important investment books ever written. Bernstein doesn’t appear on TV nor does he do much public speaking. So this […]
Archives for April 2020
Zomato, Swiggy see 70% drop in orders amid lockdown
Illustration: Rahul Awasthi Online food delivery orders for Zomato and Swiggy have dropped 70% in the last 10 days to under 1 million a day, as customers step back and top restaurants shut shop amid a lockdown induced by the Covid-19 virus outbreak, said investors, companies and restaurants to ET. “From a steady state of […]
Startup executives launch Covidmaps to help users find essentials nearby
A clutch of top executives from startups have built a web-based app CovidMaps to help find information about stores in one’s neighbourhood to buy essentials. CovidMaps.in, a volunteer-led nonprofit project, lists details around when a store is open, what items are available and how much, safety precautions being observed, crowding, wait times to help people […]
Editor’s Comment: Time to reform FSCS levy is now
The Coronavirus outbreak has brought many changes with many of us working from home, in all its glorious awkwardness, and adjusting to new and strange work patterns. I’ve noticed ‘out of office’ messages have disappeared, which is one small benefit – literally everyone is in. One thing that has not changed is the growing […]
In coronavirus fight, oft-criticized Facebook data aids U.S. cities, states
Infectious disease researchers are using Facebook mobile location data to provide daily updates to U.S. cities and states evaluating the effectiveness of social distancing orders aimed at slowing the novel coronavirus. The COVID-19 Mobility Data Network, a group of 40 health researchers from universities including Harvard, Princeton and Johns Hopkins, said that since mid-March its […]
FCA warns over Smith & Williamson clone scam
The FCA issued a warning today about scammers using a ‘clone’ of leading tax adviser and wealth manager Smith & Williamson to cheat investors. Fraudsters are using some details of the real firm to front a cloned business being used to try and convince people that they worked for a “genuine, authorised firm.” The bogus […]
3 in 4 can cope with temporary drop in income
Three quarters of households in Britain have sufficient financial assets to cover a 25% fall in income for three months. Households with a self-employed head of the household were more likely to have a savings buffer, according to new ‘financial resilience’ data from ONS. The ONS released the figures in its first weekly ‘rapid’ stats […]
Rusal, Glencore agree aluminium deal worth up to $16.3 billion
MOSCOW (Reuters) – Russia’s Rusal has approved a new long-term aluminium supply contract with Glencore worth up to $16.3 billion, it said in a Hong-Kong regulatory statement on Friday. Swiss trader and metals producer Glencore has long been one of the main clients of Hong Kong-listed Rusal, the world’s largest aluminium producer outside China. Glencore […]
Large retailers urge government to expand list of essential items
Large-format retailers, both online and offline, have once again approached the government to include items such as cooking utensils, small home appliances, electronics and other accessories in its list of essential goods that should be allowed to be sold during the ongoing lockdown. In a meeting yesterday with the government’s empowered group for supply chain […]
Google releases location data to show if coronavirus lockdowns working in 131 countries
Alphabet‘s Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein in the spread of the novel coronavirus. Google’s analysis of location data from billions of users’ phones is the largest public dataset available to help health authorities […]