After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
FTSE 100 opens higher after US and Asian markets rise February 11, 2020 The FTSE 100 index has opened higher this morning, taking its cue from positive performances from US and Asian markets as investors shrug off coronavirus fears, despite the death toll from the outbreak passing 1,000. Britain’s blue-chip index climbed as much as 1.02 per cent after the open on Tuesday, following positive impetus from Monday’s [...]
Two in five UK workers living payday to payday, says survey February 11, 2020 Two out of five UK employees are living payday to payday, a new survey has found, with women and younger workers more likely to be financially stressed. The figures, from insurance firm Willis Towers Watson (WTW), suggest that workers feel increasingly financially vulnerable even as unemployment has hit record lows. Last week, the Joseph Rowntree [...]
Consumer spending bounces in January but high street woes continue February 11, 2020 Brits ramped up their spending in January after a thrifty December, according to new data, in the latest sign that the UK economy may have bounced back at the start of 2020. Consumer spending grew 3.9 per cent in January, data from payment provider Barclaycard showed today, up from the one per cent growth witnessed [...]
Coronavirus dents Eurozone investor confidence February 10, 2020 Eurozone investor morale fell for the first time in four months in February, a closely-watched survey has shown, as fears rise about the economic impact of the coronavirus outbreak. Sentix’s Eurozone investor sentiment index fell to 5.2 this month from 7.6 in January. Analysts had predicted a fall to 4.1. Sentix managing director Manfred Huebner [...]
Italian industrial production plunges as malaise continues February 10, 2020 Italy’s industrial output plunged at its fastest rate in almost two years in December, data has shown, in a worrying sign for the Eurozone economy. Production fell 2.7 per cent month on month, the biggest fall since January 2018 and far below the 0.5 per cent predicted by analysts in a Reuters poll. The data [...]
Wind turbines: UK must double 2010s spend to hit energy target February 10, 2020 The UK government will need to spend £48bn on installing new wind turbines, double what it spend last decade, if it is to reach its target of 40 gigawatts of offshore wind power by 2030. According to renewable energy analysts Aurora, in order to fulfil the goal, 260 wind turbines will have to be installed [...]
FTSE 100 drops as coronavirus declared a ‘serious’ UK health threat February 10, 2020 The FTSE 100 edged down this morning as continued concern over the coronavirus outbreak knocked investor confidence around the world. London’s blue-chip index fell 0.2 per cent in early trading, landing at 7450p, as the UK declared the virus a serious and imminent threat to public health. The outbreak has now killed 908 people around [...]
Business confidence rises across manufacturing and services sectors February 10, 2020 Business confidence rose across the manufacturing and services sector for the first time in 18 months during January. Accountancy firm BDO’s optimism index increased for a third consecutive month in January. The index, which weights macroeconomic data from the UK’s main business surveys, now stands at 95.84, slightly above the 95 mark which indicates growth. [...]
London Metal Exchange under pressure to investigate nickel market February 9, 2020 The centre of metal trading in the City is under pressure to investigate the nickel market after it was hit by a supply shock late last year. Stockpiles of the commodity plunged late last year while prices hit a four-year high after Indonesia, the world’s largest nickel producer, brought forward a ban on exports. Organisations [...]
Top economist Sir Charlie Bean warns UK productivity crisis threatens capitalism February 8, 2020 The threat of Brexit to the economy is “small beer” compared to the UK’s decade-long productivity crisis, which could undermine consent for British capitalism, one of the country’s top economists has warned. In an interview with City A.M., former Bank of England deputy governor Sir Charlie Bean said the failure of productivity to meaningfully grow [...]