Breakdown in social cohesion to put global economy in a vice, warn world’s top business brass January 11, 2022 A breakdown in social cohesion will cause volatility to ripple throughout the world, putting the global economy in a vice. The risk of social upheaval has intensified sharply since the onset of the Covid-19 crisis and now poses a real threat to eroding multilateral cooperation and derailing the global economy, according to a survey of [...]
Debt ridden Evergrande moves Shenzhen head office to cut costs January 11, 2022 Evergrande has opted to move its head office in a bid to save cash as the company seeks to complete building work and repay investors.
Global tech stocks show signs of recovery after sharp sell-off January 11, 2022 Global tech stocks have shown signs of a rebound following a sharp sell-off in recent days.
London markets rebound as retailers lead FTSE 100 higher January 11, 2022 London markets rebounded from a poor day yesterday, led higher by investor sentiment toward retailers strengthening after a strong Christmas trading period. The capital’s premier FTSE 100 index climbed 0.39 per cent to 7,474.07 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the UK economy, added 0.59 per [...]
Turn around: Steep rise in EU nationals refused entry into UK as Brexit controls tighten with Romanians half of all who are stopped at border January 11, 2022 The number of EU nationals who have been prevented from entering the UK has risen by a third, according to new data shared with City A.M. this morning. As the Home Office is stepping up controls, the number of European nationals stopped at the border climbed to 5,266 in the third quarter of last year, [...]
European Parliament President David Sassoli dies aged 65 January 11, 2022 David Sassoli, the president of the European parliament, has died at the age of 65 according to his official spokesperson.
KPMG admits to misleading regulator over Carillion audits January 11, 2022 KPMG has admitted to misleading the regulators during audits of Carillion, an outsourcer which collapsed in 2018. A hearing spearheaded by the Financial Reporting Council (FRC) kicked off yesterday to determine whether KPMG is guilty of forging documents and misleading regulators in relation to audits of Carillion and Regenersis. The accounting giant’s chief executive, Jon [...]
Ovo Energy says sorry after it tells customers to do star jumps and cuddle pets to cut down bills January 11, 2022 Ovo Energy has apologised after it advised customers to do star jumps, cuddle pets and eat porridge to cut down energy bills and stay warm.
Robert Walters revels in rising profits as businesses return to the recruitment market post-lockdown January 11, 2022 Recruitment specialists Robert Walters have reported fourth-quarter profits of £95.1m, after a record December performance.
FTSE: Markets heading for higher open today after NASDAQ recovers from 10-week lows January 11, 2022 Of the six trading days so far of 2022 the Nasdaq 100 has declined for four of them, falling to a 10-week low yesterday and into correction territory in the process, although it was able to finish slightly higher on the day, as buying interest started to come back in. On that score it was [...]