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.
Zog Energy collapses amid deepening winter energy crisis December 1, 2021 Zog Energy ceased trading today, marking another dark chapter for the struggling industry, with four million customers now affected by the crisis.
Omicron: what it means for markets November 30, 2021 | City Talk Mark Ainsworth, Head of Data Insights: The new Covid-19 variant B.1.1.529, or Omicron, that was identified last week in southern Africa has officially been classed a “variant of concern” by the World Health Organization. Covid-19 infections had already been on the rise in a number of countries, notably in Europe. This is due to colder [...]
Moderna CEO casts doubts on vaccine efficacy for Omicron Covid variant: Oil slumps and jittery Asian markets down November 30, 2021 Moderna CEO Stephane Bancel told the FT that existing vaccines would struggle with the Omicron variant and warned it would take months for pharmaceutical companies to manufacture enough jabs at a sufficient scale to make a difference. His tone contrasts with the likes of Pfizer and BioNTech, which had earlier suggested any new vaccine would [...]
Exclusive: Third of law firms consider going public in search of funds for expansion November 30, 2021 Around a third of law firms are contemplating listing on the stock market in the next year to fund growth plans, according to new research shared exclusively with City A.M. The findings underpin a growing trend among law firms to explore alternative financing models beyond traditional partnerships. Gateley was the first law firm to float [...]
Oil prices rebound from massive drop despite discovery of Covid-19 variant November 29, 2021 Oil prices showed some signs of recovery on Monday after massive drops last week of over ten per cent on both major benchmarks.