businessfast

Real Estate

Vonovia/German property: stately pile of debt needs underpinning

Financial instability means rate rises may now be slower and gentler than expected. Indebted businesses are feeling the strain, nevertheless. Consider Germany’s Vonovia. The residential landlord loaded up on debt to buy rival Deutsche Wohnen in 2021. Recent full-year results...

Bitcoin

MicroStrategy buys another $150 million worth of Bitcoin

MicroStrategy founder Michael Saylor announced the company had repaid the $205 million loan at a 22% discount. The company also bought 6,455 bitcoins worth $150 million. Saylor’s company currently holds more than 138,900 bitcoins. MicroStrategy, the world’s largest corporate holder...

ICO News

New ICO Guidance on Children's Data – Lexology

The Information Commissioner’s Office (the “ICO”) in the UK has released guidance for video game companies setting out the steps companies can take to comply with the Age Appropriate Design Code (the “Code”). The guidance is also useful for the...

Politics

SNP to announce new leader today

The Scottish National party is preparing to announce later on Monday which candidate has won the bitterly contested battle to be Scotland’s next first minister.With voting now closed, Humza Yousaf, the frontrunner, said he wanted to greatly increase taxes on...

legal

Firms urged not to abandon SQE failures

Law firms have been urged to keep faith with aspiring solicitors even if they fail the new qualifying test on their first attempt. The Solicitors Regulation Authority revealed earlier this month that the pass rate for SQE1 was 53% across...

Finance

First Citizens to buy Silicon Valley Bank, FDIC says

© Reuters. FILE PHOTO: First Citizens BancShares logo is seen in this illustration taken March 19, 2023. REUTERS/Dado Ruvic/Illustration By Anirban Sen and Renju Jose (Reuters) - A buyer for Silicon Valley Bank's deposits and loans helped cast an uneasy...

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