Stock Exchanges in Nigeria and Ghana aim to deepen West African capital markets May 26, 2020 | City Talk CFA Institute has examined Africa’s 10 largest capital markets in a major report compiled by Heidi Raubenheimer, CFA, our senior director for journal publications. Here we highlight key developments in the West African states of Nigeria and Ghana. Download the full report here. LSEG partnership boosts confidence in Nigerian exchange The economy of Nigeria – the [...]
Trading the covid commodities contango May 26, 2020 | Sponsored In the last 12 years, the oil market has thrice collapsed and twice recovered. But this latest downturn, driven by a covid-tainted drop in demand and a Russo-Saudi price war, has analysts scratching their heads. Can the market rebound from this? The price of US oil turned negative for the first time in history last [...]
Volkswagen defeated in German ‘dieselgate’ case May 26, 2020 Volkswagen was yesterday defeated in a key German court case claiming compensation for drivers mis-sold vehicles by the car giant as part of the emissions rigging scandal. The ruling by Germany’s highest court for civil disputes, which will allow owners to return vehicles for a partial refund of the purchase price, serves as a template [...]
Easyjet finance chief resigns after surviving Stelios coup May 26, 2020 Easyjet chief financial officer Andrew Findlay has resigned from the company just days after surviving an attempted clear-out of the company’s management by founder Sir Stelios Haji-Ioannou. Findlay, who joined the budget airline as finance chief in 2015, will leave the company in May 2021 in line with his contractual obligations. “Although I have given [...]
Lufthansa secures €9bn bailout from German government May 26, 2020 Lufthansa was last night saved from collapse after securing a €9bn (£8bn) rescue deal from the German government. The bailout, which is the largest German corporate rescue since the start of the coronavirus crisis, will see the government take a 20 per cent stake in the airline, which it intends to sell by the end [...]
Coronavirus: New York Stock Exchange trading floors reopen May 26, 2020 The New York Stock Exchange (NYSE) will today reopen its trading floors following a two-month closure caused by the coronavirus outbreak. In March the bourse announced it would close its trading floor and move to electronic trading for the first time in its history after one employee and a trader tested positive for Covid-19. In [...]
Closing the backdoor to EU dumping May 25, 2020 Full sovereignty is fundamental to the UK’s success in the post-Brexit future. For it to be achieved a number of loose ends left by the Brexit withdrawal process must be tied up. This should now be a priority for the future trade deal, so the UK can ensure UK citizens and businesses can compete fairly [...]
Boris Johnson sets out plans for shops and markets to reopen May 25, 2020 The Prime Minister has set out plans for the second phase of easing lockdown restrictions from next week, which includes opening non-essential shops from 15 June. Boris Johnson said there will be a formal assessment of easing the coronavirus lockdown restrictions on Thursday as part of the legal review. However, he has revealed plans to [...]
UK coronavirus death toll rises by 121 to 36,914 May 25, 2020 A further 121 people in the UK have died with coronavirus, bringing the total to 36,914. The increase in deaths is the second-lowest 24-hour increase since March, and includes deaths in hospitals, care homes and the wider community. Although UK coronavirus deaths and cases are declining, there is usually a lag in the figures reported [...]
Dominic Cummings: ‘I don’t regret what I did’ May 25, 2020 Dominic Cummings has said he does not regret breaking lockdown measures and has defended his trip to his parents’ house in Durham. Cummings has been under fire since a joint investigation by the Mirror and the Guardian revealed he, his wife and young son had travelled to his parents’ house in Durham in late March, [...]