Before the Bell: Janet Yellen faces US lawmakers today January 19, 2021 A lacklustre trading session for Europe in the absence of US markets yesterday saw European equities finish the day rather mixed with the FTSE100 finishing the day on the back foot, while German and French markets finished the day modestly higher. Michael Hewson, chief market analyst at CMC Markets UK, told City A.M. this morning [...]
Prime Minister Boris Johnson scraps ALL travel corridors for UK arrivals January 15, 2021 All travel corridors with the UK will be suspended for the next four weeks, the Prime Minister has announced, as ministers scramble to prevent new mutations entering the country. Speaking at today’s Downing Street press conference, Boris Johnson said all countries will be removed from the quarantine-free travel list from 4am on Monday morning. Travellers [...]
Before the Bell: Details of Biden’s $1.9 trillion stimulus package January 15, 2021 Overnight, US President-elect Joe Biden revealed a stimulus package of $1.9 trillion. Ahead of the announcement there was speculation the package would be in the region of $1.3 trillion to $2 trillion. “It was at the upper end of estimates,” David Madden, market analyst at CMC Markets UK, tells City A.M. this morning. The programme [...]
London missing out on ‘fair share’ of vaccine January 14, 2021 London is missing out on its “fair share” of the vaccine, Sadiq Khan has said, as he urged ministers to reassess the formula for distributing doses across the UK. The mayor of London has written an urgent letter to vaccines tsar Nadhim Zahawi calling on him to scale up vaccine supply to meet different population [...]
Post-Brexit delays are ‘teething problems’, says minister January 14, 2021 Environmental secretary George Eustice told the House of Commons earlier today that post-Brexit customs delays, currently heavily impacting Scottish fishing exports, are only “teething problems”. Scottish First Minister Nicola Sturgeon called the backlog “shameful” on Twitter last night, in a push for compensation for Scottish fishermen. Eustice said that the government will ‘remain open’ to [...]
Johnson dismisses referendum talk despite polling January 14, 2021 Over half of Scots would vote in favour of Scottish independence if a referendum were to be held tomorrow, according to an opinion poll published today. According to the poll by Savanta ComRes, 57 per cent of Scots said they would vote in favour of independence, as opposed to 43 per cent who would vote [...]
London Tories: Council tax hike is a result of Mayor’s mistakes January 14, 2021 Londoners are struggling. Businesses are closed. Our city’s streets are empty. And yet, it’s during the worst recession for 300 years, that Sadiq Khan has chosen to ask Londoners to pay for his mistakes. Khan’s whopping council tax rise couldn’t have come at a worse time. The Mayor wants to paint himself as the saviour [...]
Donald Trump becomes first US president to be impeached twice January 13, 2021 Donald Trump has become the first US president in history to be impeached twice. A majority of the US House of Representatives tonight voted to impeach Trump, formally charging him with inciting an insurrection. Following hours of debate in Congress, Democrats secured enough votes to push through the impeachment. The final tally was 232 votes [...]
Trump riots: Which Wall Street banks and tech titans have paused political donations? January 13, 2021 The violent riots at the Capitol last week have cast a shadow over American democracy and raised questions over US President Donald Trump’s fitness to hold office. But the shocking insurrection, in which five people died, has also sent shockwaves through the business world. A host of US companies, including Wall Street banks and Silicon [...]
Airbnb cancels all Washington bookings during Biden inauguration January 13, 2021 Airbnb is cancelling all reservations in the Washington DC area during the week of Joe Biden’s inauguration amid concerns about further violence. The holiday rental site said all existing reservations will be cancelled, including those made on its Hotel Tonight subsidiary, and any new bookings will be blocked. Airbnb said guests and hosts will be [...]