CNG Fuels to offer first carbon neutral fuels for HGVs November 7, 2019 This morning CNG Fuels, the UK’s leading supplier of renewable biomethane, announced plans to become the first supplier of carbon neutral fuels for heavy goods vehicles (HGVs). The supplier plans to use manure to produce carbon neutral biomethane which will undercut diesel prices up to 45 per cent by 2021. Read more: MPs demand parliament’s [...]
Parties’ spending pledges under scrutiny on day of missed Budget November 6, 2019 Boris Johnson’s plans to increase public spending and cut taxes leave “very little scope” for meeting the Conservatives’ pledge to reduce the national debt, the Institute for Fiscal Studies (IFS) has said. Read more: UK public spending to hit 1970s levels after election, think tank says In a warning to both the Tories and Labour, [...]
Founder Masayoshi Son calls Softbank’s staggering loss ‘a mess’ November 6, 2019 Softbank founder Masayoshi Son has called the Japanese company’s disappointing results “a mess” and admitted a “problem” with his judgement, after the tech investment giant swung to an operating loss for the first time in 14 years. The group reported a $6.4bn quarterly loss this morning, driven by soured bets on tech prospects including Wework [...]
Why the Bank of England should keep interest rates on hold November 6, 2019 The Bank of England must leave interest rates on hold tomorrow and resist the urge to tinker until Britain’s economy is out of the General Election and Brexit fog, City A.M.’s panel of expert economists has said. Read more: Sajid Javid delays appointment of new Bank of England governor Much has changed in British politics [...]
Oil prices drop back after three day surge November 6, 2019 After three days of growth oil prices dropped this morning, as US crude stocks nearly tripled against analyst expectations. Inventories rose by 4.3m barrels last week to 440.5m barrels, far higher than forecasts of a 1.5m barrel increase. Read more: OPEC chief optimistic for 2020 as oil price rises one per cent An easing in [...]
No-deal Brexit remains biggest risk to European growth, IMF warns November 6, 2019 A no-deal Brexit remains the biggest threat to the economies of Europe, the International Monetary Fund (IMF) has warned, and could further damage already very weak growth. Read more: IMF warns 2019 global growth will fall to lowest since financial crisis The words of caution from the IMF come as Britain gears up for a [...]
What happens to high yield bonds in times of market stress? November 6, 2019 | City Talk The current macroeconomic backdrop is creating challenges for investors. Global growth is slower and inflation is benign. Meanwhile, central banks appear to be returning to more accommodative policies and geopolitical tensions have increased. Downturns in the business cycle, often caused by adverse economic conditions, can lead to a number of trends that are negative for [...]
Hope for German economy as factory orders beat predictions November 6, 2019 German industrial orders picked up by more than expected in September, official data has shown, providing a glimmer of home for the country’s weak economy. Read more: Eurozone ‘remains close to stagnation’ amid manufacturing slump Europe’s biggest economy has had a torrid 2019, thanks in large part to a slump in global demand hurting its [...]
Eurozone ‘remains close to stagnation’ amid manufacturing slump November 6, 2019 The Eurozone remains close to stagnation, according to a fresh set of gloomy manufacturing figures released this morning. The bloc’s rate of growth was among the weakest seen in the past six-and-a-half years during October, underlining fears of a slowdown in some of Europe’s biggest economies. Read more: UK economy to hit decade-low even with [...]
The Berlin Wall is not just a piece of history – the manner of its crumbling contains lessons for the present November 6, 2019 Thirty years ago this Saturday, on 9 November 1989, one of the greatest symbols of oppression the world has ever known began to be dismantled. The Berlin Wall had stood since 1961, built by its East German masters to encircle Allied-controlled West Berlin. But it was much more than simply a barricade. It became the [...]