US inflation nears 40-year high, as Omicron fears set in December 10, 2021 US inflation is poised for a nearly 40-year high, with analysts forecasting a jump to 6.8 per cent compared with this time last year. Though investors still await more data from the US Bureau of Labor Statistics, which will release its consumer price index later today. The fresh inflation heights could add more coal to [...]
Oil prices enjoy healthy gains amid easing concerns over Omicron variant December 10, 2021 Oil prices continue to recover from last month’s steep dive with markets increasingly less fearful of the emerging Omicron variant.
Omicron hit to economy: New Covid restrictions may cost businesses £4bn in December December 9, 2021 The UK economy should brace itself for a £4 bn a month hit and see taxpayers foot the bill for more emergency support as new Covid restrictions to clamp down on the spread of the Omicron variant come into force, a think tank has warned. The right-wing Institute of Economic Affairs (IEA) said Plan B [...]
South Africa upbeat as battle of the Covid mutations rages: Omicron deaths still zero despite new coronavirus variant spreading twice as fast as deadly Delta December 8, 2021 Scientists and policy makers in South Africa and across the region are cautiously optimistic that the rapidly spreading Omicron variant is not going to cause a bloodbath as, so far, no deaths have been linked to the new Covid mutation. Despite a record number of new infections – more than 40,000 people tested positive in [...]
Outlook 2022: Global economy December 7, 2021 | City Talk 2022 is set to be another good year for growth, albeit the recovery is likely to remain unbalanced. Anticipated withdrawal of emergency levels of support will play important role in shaping outlook. Risks include higher-than-expected inflation and weaker growth. The emergence of the Omicron Covid variant has reminded us of the uncertainties which remain around [...]
Sigh of relief in South Africa as Omicron variant appears to be ‘super mild‘ mutation with Covid death rate not jumping December 6, 2021 The WHO and Coronavirus experts are increasingly convinced the new Omicron variant is ‘super mild’ and has, so far, not led to a jump in Covid death rates anywhere in Southern Africa. The WHO is calling this morning for countries to drop travel restrictions and end the mass hysteria, and instead be cautiously optimistic as [...]
Will autonomous vehicles succeed in revolutionising travel? December 6, 2021 | City Talk Investors have a bird’s-eye view of the driverless revolution happening before their eyes Recently, Cruise, the autonomous vehicle subsidiary of General Motors, announced that they plan to have one million or more autonomous vehicles in their fleet by 2030. In late September 2020, the research arm of Toyota Motor Corporation, Woven Planet, acquired Renovo, an automotive operating system software [...]
Stellantis sounds the alarm for job cuts and lower quality vehicles following electric transition December 1, 2021 Volkswagen is looking to strike new partnerships to boost electric vehicle capacity in a market defined by volatility amid pandemic turbulence.
What are bull and bear markets? December 1, 2021 | City Talk TLDR Bull market 👍 Bear market 👎 The terms “bull” and “bear” can be used to describe the behaviour and condition of financial markets or individual assets, reflecting substantial trends of 20% either upwards or downwards respectively, typically over a sustained period of time. They are also terms that reflect the sentiment of investors. Investors being [...]
Ofgem offers suppliers pathway to recouping costs after taking on new customers December 1, 2021 Energy firms that rescued stranded customers from fallen suppliers since September can now submit claims for incurred costs.