Crypto crash to get worse with deeper price drops as a multibillion-dollar hedge fund struggles to survive June 15, 2022 The price of leading cryptocurrencies continued to plummet today, with industry experts warning that the “crypto winter” could last for years. Bitcoin dropped about 3.87 per cent per cent today to $21,392.46 trade at $, while Ether fell 3.73% per cent to $1162.52. Bitcoin is now down near 70 per cent from it’s all-time high of [...]
Royal Mail boss says prices are ‘under review’ as firm faces union battle June 15, 2022 The boss of Royal Mail has said he will keep costs “under review” as the firm struggles to balance the cost of living crunch with rising union action. Speaking to Sky News earlier today, Simon Thompson explained that his team was “not immune” to the cost of living crunch, acknowledging the Communication Workers’ Union (CWU) threats of [...]
EP: 140 Royal Ascot – Friday June 15, 2022 The Coronation Cup for fillies and the Commonwealth Cup for sprinters are the two Group 1 feature races on Friday at Royal Ascot. Today we are joined by classic winning trainer George Boughey who runs Cachet in the Coronation and Alice Haynes who sends her 2-year-old filly Lady Bullet to the Albany Stakes. City AM [...]
Tinkering did for England in the Nations League but no need for a culture war over Southgate June 15, 2022 It is as well that Gareth Southgate has always seemed acutely aware of the thin ice on which England managers exist, given the reaction that greeted Tuesday’s defeat to Hungary. The shock 4-0 loss, England’s heaviest in a home fixture for more 90 years, prompted boos from the Molineux crowd and, laughably, even the odd [...]
Revolve brings a buzzy brasserie to bustling Broadgate Circle June 15, 2022 Imagine Magaluf but populated entirely by people who work in finance – that’s Broadgate Circle on a balmy summer evening. It’s a mad, sweaty cauldron full of pink-faced men drinking lager and gently glistening in the heat. Take a step back from the epicentre and you’ll find a second, slightly elevated circle of bars and [...]
Bill Gates says he’s not involved in crypto or NFTs, mocks them for being based on “greater fool theory” June 15, 2022 Bill Gates is sceptical of cryptocurrencies and non fungible tokens (NFTs), blasting them for being based on “greater fool theory”. Speaking to TechCrunch on Tuesday, Microsoft’s billionaire ex-CEO said he’s not involved in crypto or NFTs, saying they were “100% based on a sort of greater fool theory, where someone is going to pay more [...]
Russian man arrested at Gatwick Airport on suspicion of spying for the Kremlin June 15, 2022 A Russian man in his 40s has been arrested at Gatwick airport on suspicion of spying for the Kremlin. Counterterrorism police with Scotland Yard made the swoop reportedly as the suspect was trying to get on a plane and leave the country, according to The Sun. The Met Police said in a statement to City [...]
Bitcoin holds above $20k ahead of US inflation meeting June 15, 2022 Bitcoin is currently changing hands for just above the $21k level, down another five per cent over the past 24 hours.
Q&A: Are we heading towards a commodity super-cycle? June 15, 2022 | City Talk Commodities have achieved strong price gains recently, prompting speculation that we could be in the early stages of a so-called super-cycle; a sustained period of growing demand exceeding supply. Global commodity prices have moved higher in the past few months, partly due to geopolitical issues such as Russia’s invasion of Ukraine. A mismatch of demand [...]
Prize fighter Eldarov to give his rivals a royal beating in the Queen’s Vase June 14, 2022 Prize fighter Eldarov to give his rivals a royal beating in the Queen’s Vase STRADIVARIUS won the 2017 renewal of the Queen’s Vase (3.05pm) before going on to become one of the greatest stayers of all time. It is highly unlikely there is a horse of his calibre in today’s field, but it looks [...]