Global semiconductor crunch steers British car production to over six decade low November 26, 2021 An ongoing semiconductor crunch has caused British car production to slump to its lowest level in over six decades, reveal new figures published today. Vehicle production dropped 40 per cent over the last month as producers contest with an endemic shortage of chips that has snagged the motor sector for over a year. Mike Hawes, [...]
Google commits to play ball with CMA over anti-competitive ‘Sandbox’ November 26, 2021 Google has improved its commitments to the Competition and Markets Authority (CMA) over its ‘Privacy Sandbox’ amid concerns that changes by the tech titan could reduce competition in the digital advertising market. The competition watchdog launched an investigation into alleged anti-competitive behaviour by Google at the start of the year, following proposed changes to its [...]
Three decade high inflation print will force US Fed’s hand, warns Goldman Sachs November 26, 2021 The US Federal Reserve will have to tighten policy much quicker than they want in order to hose-down runaway inflation, a leading Wall Street investment bank said yesterday. Goldman Sachs has bet on the Fed having to double the speed of scaling back its monthly asset purchases from January next year to and hiking interest [...]
Rivian: America’s next top model? November 26, 2021 In 2020, despite a global pandemic making it more difficult for anybody that wanted to grab a beer at the end of a long work-day, Anheuser-Busch – the makers of Budweiser and a whole range of other alcoholic drinks – brought home revenues of a cool $46bn. Listed in New York, its market cap stands [...]
Revealed: London businesses the most profitable in the country November 26, 2021 Businesses in London are leading the nation in profitability with margins of 8.1 per cent according to data from accountancy firm BDO.
Macfarlanes newly qualified lawyers to earn £100k in second boost to salaries this year November 25, 2021 Law firm Macfarlanes has increased base salaries for its newly qualified lawyers to £100,000, up 11 per cent, according to reports. The silver circle firm already boosted wages earlier this summer, and admitted that the raises, which followed an early review of salaries, were an “unusual step,” according to Legal Cheek, which first reported the [...]
Embraer displays world’s most efficient and sustainable single-aisle jet November 25, 2021 Brazil-based aerospace company Embraer has displayed its E195-E2 aircraft, considered the world’s most efficient and sustainable single-aisle plane. After initially showcasing the model at the Dubai Airshow earlier this month, Embraer has showed the aircraft at the Selangor Aviation Show in Malaysia. “The E195-E2 on display shows how a regional jet equipped with the latest [...]
Investors bet on global commodity boom continuing as miners lift London markets November 25, 2021 A rally among travel and industrial stocks lifted London markets yesterday as investors bet on betting on commodity prices still having room to climb. The capital’s premier FTSE 100 index added 0.33 per cent to close at 7,310.37 points, while the mid-cap FTSE 250 group of shares finished 0.49 per cent to 23,279.96 points. International [...]
New ‘really awful’ variant of Covid identified in Botswana November 25, 2021 A new variant of the Coronvairus has reportedly been identified in Botswana sporting an array of mutations which could be vaccine resistant.
Retailers hike prices at fastest pace in three decades as Brits brace for Xmas shopping crunch November 25, 2021 Retailers are hiking prices at the fastest pace in over three decades as Brits rush to scoop up Christmas presents to avoid being left empty handed, reveals fresh research published today. Some 77 per cent of retailers raised prices over the last three months to November, the highest rate since 1990, according to data from [...]