US gives green light to start talks on removing tariffs on British steel and aluminium that were imposed by Trump January 20, 2022 The Biden administration has agreed to start talks seeking to remove the tariffs on British steel and aluminium imposed by former president Donald Trump. International Trade Secretary Anne-Marie Trevelyan said she had held a “productive discussion” with US commerce secretary Gina Raimondo on Wednesday. She said that they desire a “resolution as soon as possible [...]
Rising costs seep into every sector of UK economy January 20, 2022 Every sector of the British economy is suffering from swelling costs in a sign that inflation will trend much higher in the coming months, reveals a fresh study published today. Higher wages, compounded by soaring energy and raw material costs, are severely eroding firms margins, according to research carried out by high street lender Lloyds. [...]
Crypto mining under fire as EU regulator sounds alarm January 19, 2022 The vice-chair of Europe's securities and markets authority has said that proof-of-work crypto mining should be banned.
City’s top economists toast end of plan B Covid-19 curbs January 19, 2022 The City’s top economists today toasted the government’s decision to scrap plan B Covid-19 curbs, hailing the move as a sign that Britain’s economy is getting back to being fully operational. Hope was ignited among experts that the influence Covid-19 and accompanying restrictions on daily life has exerted on the health of the British economy [...]
BoE Governor challenges Westminster dismissal of Britcoin January 19, 2022 The governor of the Bank of England has accused a Westminster committee of dismissing key arguments for the introduction of Britcoin.
London markets shrug off near 30-year high inflation print January 19, 2022 London markets shrugged off an alarming near 30-year high inflation print yesterday, held higher by mining stocks surging. The capital’s premier FTSE 100 index closed up 0.35 per cent at 7,589.66 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, added 0.01 per cent to reach [...]
Sony faces biggest share fall since financial crisis following Microsoft’s £55bn bid for Call of Duty maker January 19, 2022 Japanese tech giant Sony experienced its biggest one-day share drop since the global financial crisis on the Tokyo market, following Microsoft’s $75bn (£55bn) bid for Call of Duty maker Activision Blizzard.
Gas prices drop amid milder weather and LNG boost January 19, 2022 Gas prices have slumped despite seemingly favourable geopolitical trends amid milder weather and an LNG boost to formerly flagging supplies.
Oil rally drums up expectations with analysts forecasting $100 prices January 19, 2022 OANDA's senior analyst Craig Erlam has told City A.M. oil prices could reach $100 per barrel during the first quarter this year.
Bank of England target never been further out of reach as inflation accelerates to 30-year high January 19, 2022 The Bank of England has never been further away from its legal inflation target, revealed official figures released today. Spiralling inflation has heaped further criticism on the Bank’s decision to keep rates at record lows while UK inflation was taking off after the country emerged from the most onerous Covid-19 restrictions. The cost of living [...]