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Markets & Economics

  • Oil prices enjoy healthy gains amid easing concerns over Omicron variant

    December 10, 2021

    Oil prices continue to recover from last month’s steep dive with markets increasingly less fearful of the emerging Omicron variant.

  • Octopus Energy reaches $5bn valuation with new investment partnership

    December 10, 2021

    Octopus has received a $300m boost from CPP Investments in a new partnership deal, with the energy giant now worth $5bn.

  • Macron calls for stronger EU defence ties and border controls

    December 9, 2021

    French President Macron has called for Europe to strengthen defence cooperation and border control as France prepares for EU presidency.

  • Britain battles worst ever bird flu outbreak with 500,000 animals culled

    December 9, 2021

    Britain is in the grips of its worst ever avian flu outbreak a minister has said with 500,000 animals culled so far.

  • Italy slaps Amazon with €1.1bn fine for abusing market dominance

    December 9, 2021

    Italy’s competitions watchdog has slapped Amazon with a €1.13bn (£965m) fine for harming rival e-commerce logistics services.

  • Travel stocks lead London markets lower as investors digest Plan B damage

    December 9, 2021

    Travel stocks led London markets lower yesterday as investors took flight from the sector after the UK government launched tougher Covid-19 restrictions this week. The capital’s premier FTSE 100 index dipped 0.22 per cent to close at 7,321.26 points, reversing some of this week’s gains. The mid-cap FTSE 250, which is more aligned to the [...]

  • Stansted owner calls to rescind restrictions as losses mount

    December 9, 2021

    Stansted airport’s owner the Manchester Airports Group (MAG) has called on the UK Government to rescind the latest travel restrictions as the company continues to struggle because of the pandemic. In the six months ended 30 September, the group – which owns Manchester, Stansted and East Midlands airports – reported a £75.7m loss before interest [...]

  • HS2 signs £2bn deal to create the UK’s fastest trains

    December 9, 2021

    HS2 has signed a £2bn contract with manufacturers Hitachi and Alstom in a bid to produce the fastest trains ever seen in Britian.

  • Inflation to lift off to five per cent as cost living crisis bites Brits

    December 9, 2021

    Inflation will hit heights not seen since the aftermath of the financial crisis, led higher by swelling household energy bills and rising prices for second-hand cars, according to City analysts. The cost of living will rise to five per cent in October, jumping from 4.2 per cent in the previous month, according to Capital Economics. [...]

  • Austria introduces fines up to €3600 for the unvaccinated

    December 9, 2021

    Austria’s government has reportedly said it will impose criminal fines as high as €3600 on citizens who refuses to get vaccinated.

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