Unimed Procurement Services making a difference in global medical procurement May 3, 2022 | Sponsored Shameet Thakkar is on a mission, a humanitarian mission, and since setting up his company nothing has stopped his drive nor blunted his zeal – not even a global health pandemic. He set up Unimed Procurement Services (Unimed) to “make a difference” in acting as a trustworthy and reliable procurement agent for international aid, charities [...]
Russia avoids first foreign debt default since Bolshevik revolution May 3, 2022 Russia has avoided its first default on foreign debt since the Bolshevik revolution after it paid creditors in dollars, it was revealed today. Holders of Russian eurobonds confirmed they had received payments after the Kremlin rolled back on its decision not to meet debt obligations last Friday. The payment comes before a 4 May grace [...]
The arc of success powering Africa May 3, 2022 | Sponsored When ARC Power brought electricity to the Rwandan village of Rutobotobo in 2019, there were just 207 houses. Fast forward to today and Rutobotobo’s size has more than trebled with people having been attracted by reliable, cheap power and to a place where they can now successfully raise a family and start a business. As [...]
Hong Kong wealth fund suffers staggering losses as city economy falters May 3, 2022 Hong Kong’s wealth fund has suffered staggering losses in the first few months of this year, as the financial hub’s economy falters. The city’s GDP shrank four per cent in the first quarter of 2022, according to estimates published by Hong Kong’s census and statistics department on Tuesday. While the Exchange Fund, managed by the [...]
British factories lift prices at record pace as Ukraine war and China lockdowns send costs soaring May 3, 2022 Severe supply chain disruption caused by Beijing persisting with its zero-Covid tolerance policy and Russia’s war with Ukraine has sent British factories’ costs soaring at the quickest pace on record, reveals a closely watched survey released today. Shortages of raw materials and key components used by UK manufacturers due to normal trade flows being choked [...]
1 Minute Market Rundown – 3rd May 2022 May 3, 2022 | City Talk Equities Hold InCrypto Consolidates April ended as much of the year has been with risk firmly on the backfoot. It has been the worst start for the S&P since at least 1993. Crypto didn’t have the best month either with both BTC and ETH down over 16% for the month. The driving force has been [...]
Poor start of the month for global markets: April weakness rolls into May with China lockdowns not helping May 3, 2022 Asia markets got off to a poor start to the month yesterday, as did markets in Europe after the latest China PMIs showed that economic activity in April fell back by more than expected. Much was made of the slowdown in China manufacturing to 47.4 from 49.5, however non-manufacturing saw an even bigger fall, plunging [...]
Jefferies offers stipends to allow staff to adopt or go through surrogacy May 3, 2022 Investment bank Jefferies has upped the stakes in the war for talent by offering a stipend of around £20,000 to staff looking to adopt or to go through the surrogacy process. The firm said in an internal memo that it was “enhancing our wellness benefits” with the stipends, which would be available to all staff. [...]
Exclusive: Londoners absorb heaviest national insurance hike hit May 3, 2022 Londoners have suffered the worst blow to their finances in the UK in the first month the national insurance hike has been in effect, reveals exclusive research shared with City A.M. today. Workers in the capital have absorbed a near £300m blow to their budgets from higher national insurance bills, the biggest jump in the [...]
Investors brace for more US Federal Reserve and Bank of England rate hikes May 3, 2022 Traders in the City and Wall Street are this week bracing for their respective central banks to push on with more rate hikes in response to a historic inflation crunch on either side of the pond. The US Federal Reserve and Bank of England announce their next interest rate decision tomorrow and Thursday respectively. Both [...]