Crypto markets still slipping under pressure from worsening inflation April 12, 2022 The price of Bitcoin has since returned above $40k, but it’s still down around five per cent over the past 24 hours and 15 per cent over the week.
1 Minute Market Rundown – 12th April 2022 April 12, 2022 | City Talk Russia – UkraineNew Week, Same StoryCrypto SofterUS CPI in Focus It may be a new week but it certainly feels like the same story. Following FED member Brainard’s hawkish comments last week, markets continue to reprice in an incredibly hawkish FED. The current landscape seems quite straightforward: yields higher, risk markets lower and the USD [...]
Sky launches discount broadband following Ofcom pressure April 12, 2022 Sky is the one of the latest broadband providers to launch a discounted rates for low-income customers, following ongoing pressure from Ofcom.
Nokia exits Russian market following Ericsson’s lead April 12, 2022 Nokia has announced it will be going one step further than its rival Ericsson and will fully pull out of the Russian market.
Letters: Oh Lords, grant us privacy April 12, 2022 [Re: House of Lords report into facial recognition, March 31] The House of Lords’ new report on “New Technologies and the application of the law” addresses the privacy concerns on the use of live facial recognition (LFR). This comes as no surprise given the continual backlash against the software, which has the potential to infringe [...]
Chief of PageGroup recruitment firm reveals plans to step down after 16 years at the helm April 12, 2022 The chief executive of PageGroup recruitment firm has revealed plans to to step down after 16 years at the helm. The announcement was made after the company had record results in the first quarter of the year, with almost £260m in gross profit, up more than 40 per cent on 2021. Making the announcement about [...]
Silicon Valley forced to become copycats as TikTok set to triple ad revenue to £8.4bn April 11, 2022 Chinese powerhouse TikTok is on track to dwarf its US rivals this year, with advertising revenue set to triple to more than $11bn (£8.4bn)
The City View: Sluggish UK economic growth, and Heathrow flying high April 11, 2022 Today Andy Silvester talks to City A.M.’s Economics and Markets reporter Jack Barnett. They go through lacklustre UK economic growth figures and why the cost-of-living crisis will hinder said growth; the latest inflation figures; the global economic recovery; and economic uncertainty to come. Andy also goes through the news: Heathrow has marked its highest number [...]
‘Cosmic’ borrowing costs stop Russian bond sales as debt teeters on brink of default April 11, 2022 “Cosmic” borrowing costs have forced Russia to stop bond sales for the rest of the year, as its debt teeters on the brink of defaulting. Sanctions on the Kremlin continued to bite, as its finance minister revealed drastic action this week. This comes after Western sanctions forced it to pay bondholders in roubles, despite it [...]
City watchdog will not oppose Amigo rescue plans in boost for firm’s survival April 11, 2022 The City watchdog has announced it will not oppose new rescue plans for beleaguered sub-prime lender Amigo Loans, after it blocked a proposed compensation scheme for customers last year.