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Former banking lobby chief Jones joins shared branches start-up OneBanks

Former banking lobby chief Jones joins shared branches start-up OneBanks

Business
The former boss of Britain’s most influential financial lobbying group is throwing his weight behind the trial of a service that it wants to become a national solution to the disappearance of thousands of bank branches across Britain.Sky News has learnt that Stephen Jones, who ran UK Finance until last year, has joined OneBanks as its vice-chairman. The start-up, which is piloting a shared branch kiosk in a Co-op store Denny, near Falkirk, Scotland, plans to raise millions of pounds in a Series-A fundraising during the summer, according to insiders.It has already secured capital from backers including Rupert Pennant-Rea, former deputy governor of the Bank of England, and Baroness Bottomley, the former Conservative cabinet minister.OneBanks has been set up to provide an answer to one of the...
Former transport secretary Greening joins On The Beach

Former transport secretary Greening joins On The Beach

Business
On The Beach (OTB), one of Britain's biggest online travel agents, will on Friday appoint Justine Greening, the former Conservative minister, to its board.Sky News has learnt that Ms Greening, who served as transport secretary for a year during the 2010-15 coalition administration, will join the London-listed company as a non-executive director. It will be the former MP's first commercial role since quitting Westminster ahead of the 2019 general election.A source close to OTB's move to appoint her said her extensive network of relationships in political circles was expected to be an asset to a company which has been caught up in the coronavirus maelstrom.OTB, which has seen its shares rebound amid hopes of a return to overseas travel in time for the crucial summer holiday season, has becom...
Liverpool transfer news: Ozan Kabak joins on loan as Ben Davies signs from Preston

Liverpool transfer news: Ozan Kabak joins on loan as Ben Davies signs from Preston

Sports
Liverpool have completed a loan deal for Schalke's Turkey central defender Ozan Kabak.The 20-year-old joins the Reds until the end of the season, with the club also having signed Preston North End's Ben Davies for £2m.Defender Davies, 25, has signed a "long-term" dealexternal-link at Anfield.Marseille's Duje Caleta-Car was also a potential target, with the Reds exploring a number of options in defence because of injuries.Liverpool have an option to buy Kabak for £18m - with add-on clauses - at the end of the season, but do not need to activate it until June. For now, they will pay a £1m loan fee now with the potential for an extra £500,000 based on games played and how they fare in the Champions League.The Reds are missing experienced centre-backs Virgil van Dijk, Joel Matip and Joe Gomez ...

Federal Reserve joins global group focused on fighting climate change

Finance
Federal Reserve Chair Jerome Powell prepares for a House Financial Services Committee hearing on "Oversight of the Treasury Department's and Federal Reserve's Pandemic Response" in the Rayburn House Office Building in Washington, D.C. on Dec. 2, 2020.Jim Lo Scalzo | ReutersThe Federal Reserve has made a move that cements its nod to the risk that climate change could pose to the financial system.In a statement released Tuesday, the central bank said it has formally joined a global peer group that is addressing climate's impact on finance. The Network of Central Banks and Supervisors for Greening the Financial System, as it's called, was formed in 2017 and now has 83 members from around the world. The U.S. already had been an informal participant for more than a year."As we develop our under...
China joins COVAX coronavirus vaccine alliance

China joins COVAX coronavirus vaccine alliance

Health
China is joining the world coronavirus vaccine alliance known as COVAXBy HUIZHONG WU Associated PressOctober 9, 2020, 10:12 AM• 4 min readShare to FacebookShare to TwitterEmail this articleTAIPEI, Taiwan -- China, which has at least four coronavirus vaccine candidates in the last stage of clinical trials, said Friday it is joining the COVID-19 vaccine alliance known as COVAX.The country signed an agreement with Gavi, the co-leader of the alliance, on Thursday, China's foreign ministry said. Initially, China did not agree to join the alliance, missing the deadline to join in September.“We are taking this concrete step to ensure equitable distribution of vaccines, especially to developing countries, and hope more capable countries will also join and support COVAX," ministry spokeswoman Hua C...