London (CNN Business) British taxpayers now officially hold shares in a company that throws sex parties. A government loan provided to Killing Kittens to help it through the pandemic has converted into an equity stake in the company, the British Business Bank confirmed on Tuesday. Killing Kittens, which organizes women-led adult parties in cities including London and New York, secured the investment in 2020 from the UK government's Future Fund, which was designed to help startups survive the coronavirus pandemic. The company was founded by Emma Sayle in 2005, and organizes members-only parties in exclusive venues where "established gender stereotypes" are challenged, according to its website . It recorded a 330% increase in traffic to its website during coronavirus lockdowns, and now calls itself "the fastest-growing adult social network." At one point, the pandemic forced the company to move all its events and workshops online, accelerating … [Read more...] about The UK government has taken a stake in a sex party startup
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FDA Advisory Panel Endorses Omicron-Specific Covid Boosters—Here’s When You Should Get Your Next Shot
Share to Twitter Share to Linkedin Topline An advisory panel to the Food and Drug Administration on Tuesday recommended the agency push to field new Covid-19 booster shots targeting the highly contagious omicron variant, a move some hope will offer a boost in the fight against the rapidly evolving coronavirus—but the most vulnerable populations shouldn’t wait till the fall to get an updated shot, experts say. Key Facts The FDA advisory committee voted 19 to 2 to recommend a switchover to new booster shots for Omicron, though several steps remain before updated shots will become available, including FDA emergency use authorization. And the Centers for Disease Control recommends adults ages 50 years and older, as well as those 12 years and older who are immunocompromised, receive a second booster that’s available now—and not wait for the Omicron-specific boosters this fall. But not everyone needs to rush to get a second shot of the … [Read more...] about FDA Advisory Panel Endorses Omicron-Specific Covid Boosters—Here’s When You Should Get Your Next Shot
Three pandemics – The worrying long-term effects of Covid-19
THE Covid-19 pandemic “marathon” is not over, even if we wish it to be. Many seem to have a relaxed outlook already, with a drop in mask usage and increased unprotected social gatherings. We have lost all momentum to fix indoor ventilation significantly and vaccination of young children has sadly faltered. Communication by health authorities has been limited to current emerging data and science on our Covid-19 risks. While we work to restart the economy, restore our children’s education loss and support those who have lost jobs or are having food security issues, we must remain mindful of the situation. I would like to briefly summarise current understanding from research and data on Covid-19 and highlight the three pandemics that are occurring. Note: I have not referenced many studies in this letter to facilitate reading. But the comments made are all based on current available data from reliable sources. First pandemic: Covid-19 The Covid-19 pandemic continues to evolve. … [Read more...] about Three pandemics – The worrying long-term effects of Covid-19
What the Business Cycle is Telling us About a Recession
If you're looking for capitulation in 2022, it's in the bond market. And that tells you that investors' confidence in the global economy is very low. Inside the stock market, it's all about defense. Defensive stocks, which include big healthcare companies and dividend-paying value stocks, have been driving the gains. An index of global defensive stocks put together by Goldman Sachs, which is heavy in healthcare giants, has climbed to more than an 18-month high relative to the MSCI AC World Index. Inside the U.S., the defensive ETF ticker DEF has been outperforming the Spider ETF SPY all last week and all year. For market watchers, this feels a whole lot like a recession trade. While investors in the capital markets are battening the hatches for a recession, money in the private markets is also drying up. The value of venture capital deals in the U.S. dropped more than 25% in the second quarter to just $1 trillion, according to Dealogic . M&A activity in the United States … [Read more...] about What the Business Cycle is Telling us About a Recession
REPORT: Crane Drops Tank With Poisonous Gas, At Least 13 Dead And Hundreds Injured
A crane operating in the port of Aqaba, Jordan, dropped a tank holding poisonous chlorine gas, killing and injuring several people Monday. A senior health official said the deadly chlorine gas explosion killed at least 13 people and injured 250, reported Sky News. General Security Directorate spokesman, Amer Al Sartawi, said the crane dropped the tank during transportation, releasing the chlorine gas, according to The National News. (RELATED: Russian Hackers May Have Blown Up A Massive Natural Gas Facility In Texas: REPORT) Footage of the incident posted to Twitter shows a crane unloading the tank off the ship. The crane loses its grip, causing it to drop to the ground and explode in a sea of yellow gas. The footage also shows some port workers running away. The deadly chlorine gas explosion forced shipping to stop in Aqaba — Jordan’s only port — and authorities evacuated nearby beaches, The National News reported. Crane drops tank with poisonous gas in … [Read more...] about REPORT: Crane Drops Tank With Poisonous Gas, At Least 13 Dead And Hundreds Injured
Singapore’s US$40 billion mega-port takes aim at shipping chaos
- A + A (June 29): As the world’s economies struggle to untangle unprecedented congestion in global supply chains, one of the world’s busiest ports is backing an ambitious modernization plan to provide solutions. Singapore is forging ahead with a US$40 billion project to build the world’s biggest automated port by 2040 — one that will double the existing space and feature drones and driverless vehicles. The city state started operations at two new berths last year, and construction work is continuing on the next phase. It’s becoming more urgent for ports to add capacity and speed as the pandemic has changed the nature of global supply chains. The just-in-time system for shipping has broken down as exporters in Asia face obstacles getting goods transported to customers in the US and Europe, and the situation has only worsened this year with Covid lockdowns in China and the war in Ukraine. Ports are the most visible choke points in the US$22 trillion arena for … [Read more...] about Singapore’s US$40 billion mega-port takes aim at shipping chaos
Former football players purchase land in Sports Metaverse
The returns are expected to continue to grow as Grayscale Research predicts annual revenues for the metaverse at $1 trillion, with $400 billion for gaming worlds alone (Representative Image: Shutterstock) With investments in virtual real estate in the metaverse having grown exponentially, former English football players Shaun Wright Phillips and Jordan Stewart have purchased land in the Sports Metaverse, a digital world devoted entirely to sports. Shaun Wright Philips will use his land for events and to display his NFTs, or non-fungible tokens, which are financial securities consisting of digital data. “I’m excited to be involved in the Sports Metaverse. This is the new frontier when it comes to sports. The metaverse and owning a piece of it is about interaction and co-creation – watching live sports with friends all around the world, hanging out with friends, and buying and selling NFTs are some of the things I’m looking forward to doing here,” Philips said. In the … [Read more...] about Former football players purchase land in Sports Metaverse
Recruiting The Best – Transparency Trumps Theatrics
Share to Twitter Share to Linkedin Across all levels and industries, recruiting the best talent remains a challenge in the current market. Tempting new employees while retaining your existing staff and keeping staffing levels high is ever-challenging. At the start of the pandemic, the quick reduction in workforce demand laid bare the fundamentals of the company and employee relationship. The subsequent quick market flip for talent put the power of choice very much at the heart of the employee. With the dynamic of the working environment changing and prospective hires being able to choose when and how they work, companies suddenly had to review every aspect of their business to compete - from mentorship and facetime policies to compensation and benefits - all these softer aspects of work have been turned on their head. Many companies are now trying different tactics to attract new talent with limited success. The most obvious of these are to increase starting … [Read more...] about Recruiting The Best – Transparency Trumps Theatrics