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Airbnb files preliminary paperwork for public stock offering

Airbnb files preliminary paperwork for public stock offering

Technology
Airbnb has filed preliminary paperwork for selling stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing businessBy DEE-ANN DURBIN AP Business WriterAugust 19, 2020, 10:12 PM3 min readShare to FacebookShare to TwitterEmail this article Airbnb on Wednesday filed preliminary paperwork for selling stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing business. The San Francisco-based company said it submitted a draft registration statement to the Securities and Exchange Commission. It kept details in the statement confidential. Airbnb said the number of shares in the company it plans to sell and their price hasn’t yet been determined. The timing of the IPO also hasn’t been set. Airbnb, which was fo...
Tories and Labour not offering ‘credible’ spending plans – IFS

Tories and Labour not offering ‘credible’ spending plans – IFS

Business
Both the Conservatives and Labour have failed to put forward a "properly credible prospectus" for their spending plans, a leading economic think tank has said.The Institute for Fiscal Studies said it was "highly likely" a Tory government would end up spending more than planned, while it cast doubt on Labour's promise to "ramp up" investment levels by £55bn a year. Chancellor Sajid Javid said the assessment showed a Labour government would mean "taxes for the many, not the few" and declared: "We know that our numbers add up." Image: The IFS said it was 'highly likely' a Labour government would have to introduce further tax rises Labour's shadow chancellor John McDonnell said: "The IFS assessment of Labour's plans is that we are too amb...
Amazon Alexa offering NHS health advice

Amazon Alexa offering NHS health advice

Technology
People will be able to get expert health advice using Amazon Alexa devices, under a partnership with the NHS, the government has announced. From this week, the voice-assisted technology is automatically searching the official NHS website when UK users ask for health-related advice.The government in England said it could reduce demand on the NHS.Privacy campaigners have raised data protection concerns but Amazon say all information will be kept confidential.The partnership was first announced last year and now talks are under way with other companies, including Microsoft, to set up similar arrangements.Previously the device provided health information based on a variety of popular responses.The use of voice search is on the increase and is seen as particul...
Nasdaq Dubai launches Saudi futures in bid to diversify investor offering

Nasdaq Dubai launches Saudi futures in bid to diversify investor offering

Finance
The Nasdaq Dubai on Wednesday launched futures trading on shares of 12 Saudi Arabian companies, its first single stock futures outside of the United Arab Emirates. The move aims to diversify financial offerings to regional and international investors, allowing them to both invest in and trade Saudi companies on the Emirati exchange. The companies now available for futures trading on the Dubai exchange comprise a market capitalization of 794 billion Saudi riyals ($ 212 billion) and cover sectors including real estate, mining, banks, industrial materials and petrochemicals. "This is a very good opportunity for investors out of ...