Russia-Ukraine war to wipe $1.5 trillion off global economy May 11, 2022 Russia’s invasion of Ukraine will wipe $1.5 trillion off the global economy this year, reveals new analysis released today. Soaring energy and food prices triggered by concerns about supply security as Moscow continues its assault on Ukraine will deliver a heavy blow to global economic activity, according to the National Institute of Economic and Social [...]
US Federal Reserve achieving soft landing will be challenging but doable May 10, 2022 Hiking interest rates to tame a 40-year high inflation spike without throwing the US economy off course will be difficult, but doable, a top stateside rate setter said today. “The ongoing pandemic and war in Ukraine bring a tremendous amount of complexity and uncertainty” to the trajectory of prices, John Williams, president of the New [...]
Happy inspirational people making a difference for global pharma May 10, 2022 | Sponsored Inspiration can be found in many unusual places. For the founders of Branding Science that might just have been in the bottom of a glass. The company which has just won a Queen’s Award for international trade was born in 2002 in a Yorkshire pub close to the M1. Over a few foaming ales, Peter [...]
Tower Cold Chain runs hot after Covid booster May 10, 2022 | Sponsored It is 22 years since this multi-award-winning company’s founder John Pring filed his first patent for a reusable container to transport temperature sensitive pharmaceuticals, life-science, and biotech products, and 20 years since the first products were launched. Much has happened in those two decades: a name change from Kryotrans to Tower Cold Chain, a lot [...]
Nasco UK Ltd is no stranger to an award and certainly no stranger to the Queen’s Awards. May 10, 2022 | Sponsored Their winning of this year’s award for international trade is the fifth time Nasco has been recognised by the crown in this category, the previous four coming consecutively between 2013 and 2016. On top of that Nasco won Sunday Times Fast Track awards in 2013 and 2014 as one of the fastest growing private companies [...]
1 Minute Market Rundown – 10th May 2022 May 10, 2022 | City Talk Trade the ExtremesCrypto Under PressureUSD Hits New 2 Decade High Yesterday really was more of the same – another risk rout. Equities sold off, yields flew, gold lower – further deleveraging going through the markets. Overnight, we have seen dip buyers emerge helping to stop the rot…for now. There seemed to be only two things [...]
Brits cut back on pints and petrol amid tightening cost of living grip May 10, 2022 Brits are cutting back on pints and are driving less in response to the tightening cost of living grip, reveals fresh figures published today. Purchases in pubs, bars and clubs slowed last month, but were still nearly 40 per cent higher last month compared to April 2019, according to Barclaycard, which oversees around half of [...]
Concoction of risks trigger global sell off to kick start week May 9, 2022 A ratcheting up in anxieties over the possibility of the global economy hurtling toward a sharp slowdown wiped billions off the value of the world’s top companies today. London’s FTSE 100 index plunged 2.32 per cent to points, while the domestically-focused mid-cap FTSE 250 index tumbled 2.59 per cent. Investors ditched London stocks on the [...]
Jacob Rees-Mogg: Sure, the cost of living crisis is ‘difficult’ but the government cannot just spend its way out it May 9, 2022 Senior Tory Jacob Rees-Mogg said hard-pressed households are facing a “difficult” future as inflation rises but he warned the Government cannot spend its way out of the problem. The Brexit Opportunities Minister said increasing public spending to mitigate the impacts of the rising cost of living risked adding to inflation, pushing prices higher. The squeeze [...]
Wings over the world as Blackbird flies high with unique technology May 9, 2022 | Sponsored It might be said that it was only a matter of time before London-based Blackbird plc won a Queen’s Award for Enterprise. Afterall it is a company that the world seems increasingly to need and as a consequence is growing rapidly, especially overseas, particularly in America. In the last year Blackbird has won a raft [...]