A tax on meat could help reduce consumption of animal products, according to the founder of Beyond Meat, the world’s biggest plant-based meat firm. He reckons the money raised from a tax could help developing countries to invest in plant-based protein. Beyond Meat products and other vegan and veggie alternatives are often more expensive than meat products, but Brown says prices will come down as they scale up operations.
HSBC has doubled its profits for the first half of the year, driven by the economic recovery in the UK and Hong Kong. They’re the banking giant’s 2 biggest markets. It’s also lost far less on loans than it expected. Like all banks, it set money aside to cover loans that weren’t repaid - in HSBC’s case $700 million - and ended up not needing it.
A new film and TV studio is slated to be built near London, the first expansion of Sunset Studios outside the US. The £700m project will become one of the biggest studios in the UK and is expected to create 4,500 jobs. Developers are racing to add studio space amid booming demand from broadcasters and streaming platforms - Netflix doubled its UK content budget to $1 billion last year, and others are spending big too.
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