HGV driver shortages showing signs of recovery, logistics group says December 6, 2021 HGV driver shortages are now showing small signs of recovery, according to British trade body Logistics UK. In a report published today, Logistics UK outlined the rate at which people are leaving the industry has slowed down, with the percentage of HGV drivers leaving the workforce going from 23.4 per cent in the second quarter [...]
Tech giants Alphabet, Meta and Amazon control half of ads outside China December 6, 2021 New data has revealed just how heavily Alphabet's Google, Meta and Amazon dominate advertising.
Lagarde orders redesign to create ‘more relatable’ euro banknotes December 6, 2021 Christine Lagarde, the president of Europe's central bank, has ordered a refresh of euro banknotes to make them "more relatable."
Oil sorted? Prices show partial signs of recovery amid reports of mild Omicron variant December 6, 2021 Oil partially recovered on Monday, climbing towards $72 a barrel with reports of Omicron being milder than first feared.
Top Bank of England rate setter warns inflation will breach five per cent soon December 6, 2021 A top rate setter at the Bank of England has today warned inflation will soar far above the Old Lady’s target and breach five per cent. Ben Broadbent, a deputy governor at the Bank, said in a speech in Leeds “in the spring of next year… [inflation] will probably climb comfortably through five per cent, [...]
Israeli maritime firm Windward floats on LSE after raising £34.5m December 6, 2021 Israeli maritime intelligence firm Windward announced today its admission to trade on the LSE’s AIM market. After raising £34.5m from investors such as Hargreave Hale, the company floated with a market cap of £126.5m, placing shares at 155p. “Today marks the next step in the growth of Windward and I am grateful for all the [...]
Babcock gains new Five Eyes partner with Australian communications deal December 6, 2021 Babcock International (Babcock) has been chosen by the Australian Government to upgrade its defence capabilities.
UK car sales grow but industry warns troubles are not over December 6, 2021 After four months of consecutive decline, new car registrations showed signs of recovery, going up 1.7 per cent in November compared with the same time last year. According to data from the Society of Motor Manufacturers and Traders (SMMT), 115,706 cars were registered last month, with electric vehicles becoming the main drivers beyond the demand. [...]
China central bank slashes reserve requirement to boost struggling businesses December 6, 2021 China’s central bank has slashed the amount of money the country’s lenders need to hold in reserves. The move to loosen the reserve regime by the People’s Bank of China (PBOC) is being seen as a bid to stimulate the country’s economy by incentivising banks to lend. The required reserve ratio (RRR) has been cut [...]
EV patents rise as net zero deadline drives fossil fuels down December 6, 2021 The number of electric vehicle (EV) patents has gone up all across the world, while fossil fuel ones have registered a rapid decrease in the last five years – a sign that manufacturers are taking seriously the decision made by governments to phase out the sale of new fossil fuel cars from 2030. Data from [...]