Sandbox tokens lift seven per cent as PwC enters the metaverse December 23, 2021 SAND tokens are trading up 7.33 per cent today after consulting firm PwC Hong Kong snapped up a spot in the Sandbox metaverse.
US jobless claims hold below pre-pandemic levels as consumer spending jumps December 23, 2021 The number of Americans claiming unemployment benefits stayed below pre-pandemic levels in a sign the US economy is holding up well in the face of raging Covid-19 cases, reveal new figures published today. Weekly jobless claims were unchanged at 205,000, the US Labor Department said. Unemployment benefit claims tend to rise over the winter period. [...]
Market outlook for 2022 December 23, 2021 | City Talk With 2021 is ending a relatively volatile fashion compared to the calm that prevailed throughout most of the year, is this a recognition of the issues that lie ahead in 2022? Inflation The ‘great reopening’ of the global economy of 2021 prompted a bout of inflation of a magnitude not seen for decades. A spiral [...]
AstraZeneca vaccine booster effective against Omicron variant, suggests Oxford University study December 23, 2021 A booster jab of the AstraZeneca vaccine is effective against the rapidly-spreading Omicron variant, according to Oxford University.
Dan Loeb labels activist investors a ‘stain’ as Third Point chair quits December 23, 2021 Dan Loeb, the boss of a New York hedge fund, called activist investors targeting his London-listed investment vehicle a "stain" on the city.
Tube line closed until end of the year amid Covid related staff shortages December 23, 2021 London's transport chiefs have been forced to close a tube line until the end of the year amid Covid-19 related driver shortages.
Energy groups push for government action as power prices reach record highs December 23, 2021 Energy UK is the latest industry voice calling for government support as the energy sector struggles with record wholesale gas prices.
Lockdowns a blessing in disguise for the City and Canary Wharf: Strict travel restrictions slowed Brexit exodus of bankers December 23, 2021 Three lockdowns in England made relocations for bankers in the City and Canary Wharf impossible, thereby significantly slowing an exodus of finance professionals post-Brexit. Closed borders and harsh travel restrictions imposed on the general public earlier this year led to banks postponing the relocation of some of its professionals, according to professional services firm EY. [...]
End of year rush sees value of FCA fines increase fourfold to £618m. highest level in six years December 23, 2021 An end of year surge in fines has seen the value of FCA fines increase fourfold to £618m this year, up from £156m last year, the highest value of fines in six years, according to new data shared with City A.M. this morning. The increase in fines in 2021 was dominated by four blockbuster fines [...]
Intel apologises for telling suppliers to avoid Xinjiang amid backlash December 23, 2021 Intel has apologised for telling its suppliers to avoid sourcing goods from Xinjiang over forced labour concerns after facing backlash in China.