Recessionary threads begin to weave through present economic landscape March 29, 2022 This week, Bank of England governor Andrew Bailey warned this year’s energy shock will be bigger than any seen during the 1970s. The ripple effects on consumers from soaring energy bills has sparked a wave of economists to slash this year’s growth forecasts on concerns spending will be knocked by a steep fall in living [...]
Women and money making: What’s your business model? March 29, 2022 | City Talk What do women around the world think is the most important component to their personal business model? Last year, I interviewed 53 accomplished women for my research paper “Smart Women: How Do They Make Money?” released on 8 March 2022. In celebration of International Women’s Day 2022, I thought I’d share some examples of how women [...]
Why agriculture holds the key to tackling water waste March 29, 2022 | City Talk Water is a precious resource. Ensuring we have enough water for a growing global population in a time of climate change is one of the most important challenges of our time. But in our view it’s impossible to talk about water without also talking about food. Agriculture uses 65% of the world’s fresh water, but [...]
Brits splash on the plastic to uphold spending amid cost of living squeeze March 29, 2022 Brits are scrambling to take on debt to maintain spending amid one of the tightest cost of living crises in a generation, new figures released today reveal. Soaring prices and weak pay growth are making it tougher for households to maintain their existing lifestyles, strengthening incentives to use credit cards to plug budget gaps. Data [...]
1 Minute Market Rundown – 29th March 2022 March 29, 2022 | City Talk Russia – UkraineAre we back in 2021?Crypto consolidates You’d be forgiven for thinking you had woken up in early 2021 when looking at some US stocks this morning. AMC up 50%, GameStop up 25% and Bed Bath and Beyond up 17%. Meme stocks seem to be en vogue once again but we will try not [...]
Asda launches new and larger value range and kills off Smart Price in race to kickstart stalling growth March 29, 2022 Supermarket giant Asda, which was bought by the Issa brothers and backers TDR Capital last year, said this afternoon it will axe its Smart Price range and replace it with new Just Essentials by Asda products. In fact, Asda is launching a new and larger value range, amid the cost of living crisis, as the [...]
Seeds of progress in Russia-Ukraine peace talks partly offset China slowdown fears in City March 28, 2022 Seeds of progress in peace talks between Russia and Ukraine were enough to partially offset concerns about a looming slowdown in the Chinese economy in the City yesterday. The capital’s premier FTSE 100 index edged down 0.14 per cent to 7,473.14 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the [...]
Russia-Ukraine war has made it nearly impossible for BoE to forecast UK economy, warns governor Bailey March 28, 2022 Uncertainty about how the Russia-Ukraine war will develop has made it nearly impossible for the Bank of England to chart the trajectory of the UK economy, the Bank’s governor warned today. A lack of information on the Kremlin’s next moves in their assault on Ukraine has made it harder to forecast the direction of the [...]
No we will not pay for Russian energy in roubles, say united G7 as leading economies reject Putin demand March 28, 2022 Germany’s energy minister disclosed today that G7 countries have agreed not to give in to Moscow’s demand to pay for energy imports from Russia in roubles. Robert Habeck told reporters that “all G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts.” Habeck said that “payment in rouble [...]
‘Putin, come and meet me’ says Zelensky as Russia’s foreign minister Lavrov agrees the two presidents can meet March 28, 2022 Russian foreign minister, Sergey Lavrov, said today that his president, Vladimir Putin, and the president of Ukraine could meet. “The meeting is necessary once we have clarity regarding solutions on all key issues,” Lavrov said in an interview with Serbian media. His comments followed interviews by Ukraine’s president Zelensky, who said earlier today: “Ukraine must [...]