Is Bitcoin season here? October 11, 2021 Bitcoin is currently changing hands for just below $57k, within touching distance of recent all-time highs over $64k.
Private equity salaries swell by 52 per cent to £152k as war for talent with banks intensifies October 11, 2021 Private equity firms are prepared to pay junior staff with less than two years experience an average salary of more than £152,000, a jump of 52 per cent compared to two years ago. In 2019, private equity professionals across Europe with only two years in the industry were paid, on average, just under £100,000 in [...]
The UK should ban domestic flights, says advocacy group – CityAM : CityAM October 11, 2021 British advocacy group Campaign for Better Transport is calling on the government to ban some domestic flights to reduce the amount of CO2 emissions produced domestically by aviation. If introduced, the ban would end several short-haul routes such as London to Manchester, London to Edinburgh and Birmingham to Glasgow. Travellers would be offered train tickets [...]
IMF boss fighting for survival over China data rigging: Kristalina Georgieva’s fate to be decided today October 11, 2021 The IMF’s chief may be out of a job at the end of today as the lender’s board held an emergency meeting late last night with managing director Kristalina Georgieva to discuss allegations that, while she was CEO of the World Bank, she pressured staff to change economic data to benefit China. A decision on [...]
Oxford-AstraZeneca vaccine creator to make keynote speech at UK’s Global Investment Summit October 11, 2021 The UK’s pharmaceutical industry is set to take top billing at the UK’s Global Investment Summit next week, with GlaxoSmithKline’s chief executive and one of the creator’s of the Oxford-AstraZeneca vaccine to deliver keynote speeches. GSK chief Dame Emma Walmsley and Oxford University vaccinologist Sarah Gilbert will be alongside World Trade Organisation (WTO) director-general Dr [...]
UK’s big five banks set to pay out £7bn in dividends as their earnings soar October 10, 2021 The UK’s largest banks are preparing to hand out a collective £7bn in dividends this year, on the back of earnings hitting their highest level for the sector since 2008. The £7bn payout would be more than double the £3.3bn handed out in dividends by the UK’s big five in 2020. The UK’s five largest [...]
Boris Johnson off to Spain on holiday as UK stares down energy and cost of living crises October 10, 2021 Boris Johnson and his wife Carrie have jetted off for a week-long holiday in sunny Spain as energy and cost of living crises begin to bite for millions of Brits. The Prime Minister will be in Marbella, which is in the Costa del Sol, until Thursday in a luxury villa with his wife and young [...]
Kwarteng says there are no plans for energy price cap for businesses : CityAM October 10, 2021 Kwasi Kwarteng has suggested he will not be implementing an energy price cap for businesses, despite warnings from the private sector that many manufacturers could go bust without one. The business and energy secretary said he was “talking all the time with industry about what the best way forward is”, but said an energy price [...]
Breakthrough week for historic corporate tax deal: 140 nations including Ireland are on board October 9, 2021 The international community is moving towards sweeping changes to how big multinational companies are taxed to prevent them from stashing profits in offshore havens where they pay little or no tax after 140 countries have agreed to sign the deal. Under the agreement, countries would enact a global minimum corporate tax of 15 per cent [...]
BREAKING: Total power outage in Lebanon with entire country down, may last for several days – CityAM : CityAM October 9, 2021 The electricity grid in Lebanon has reportedly cut off electricity in the entire country as the two main power stations ran out of fuel. The blackout in the country of almost six million is expected to last for several days, a government source told various regional media. The al Zahrani and the Deir Ammar power [...]