Before the bell: Quiet start for Europe as all eyes are on US data November 25, 2020 It was another bullish day for global stock markets yesterday as sentiment was lifted by the vaccine hopes as well as the prospect of President Trump departing from his role in January in a calm and measured manner. The update on Monday from AstraZeneca-Oxford University that its potential Covid-19 vaccine has made great progress in [...]
Investor sentiment in City upbeat as Trump hints at orderly transfer of power November 24, 2020 Despite the lacklustre start to this week’s trading, investor sentiment in the City and beyond is certainly becoming much less pessimistic. This renewed push appears to have come about as a result of overnight events in the US, where Joe Biden is starting the transition process to a new US administration next year. “President Trump [...]
Trumped: President gives green light for peaceful transition of power to Joe Biden November 24, 2020 After weeks of pushback, President Donald Trump’s administration last night cleared the ground for President-elect Joe Biden to enter the White House. The Repuplican has repeatedly claimed widespread voter fraud since the 3 November presidential election, but failed to muster up any evidence. His administration has instead filed legal challenges to vote counts across the [...]
Biden set to pick former US Fed chair Janet Yellen as his Treasury Secretary November 23, 2020 Joe Biden set to pick former US Fed chair Janet Yellen as next Treasury Secretary, succeeding Steve Mnuchin's role
Majority of vulnerable Brits to receive Covid vaccine by Easter, says Johnson November 23, 2020 The majority of vulnerable Brits should have received a vaccine against coronavirus by Easter, Boris Johnson tonight said. Speaking in a press conference after today’s announcement of a new, tougher system of restrictions for the winter, the Prime Minister hailed the prospect of a number of working vaccines. “With a favourable wind we should be [...]
Twitter to hand over @Potus account to Joe Biden on 20 January November 21, 2020 Twitter will hand over the official account of the US president to the Joe Biden administration on 20 January, the company said today. The @Potus account is the president’s official account, and is separate from the personal account used to tweet by Donald Trump to tweet. “Twitter is actively preparing to support the transition of [...]
MPs demand answers from Rishi Sunak on PPE procurement November 20, 2020 MPs have demanded an explanation from chancellor Rishi Sunak on the government’s awarding of contracts to procure personal protective equipment (PPE) during the pandemic, following a damning report from the UK’s accounts watchdog. At least £18bn-worth of PPE contracts signed by the government showed “a lack of transparency” and were missing essential paperwork, the National [...]
Mike Ashley’s Frasers Group increases stake in luxury brand Mulberry November 19, 2020 Mike Ashley’s Frasers Group has increased its stake in Mulberry, sending the luxury handbag firm’s share price up more than eight per cent this morning. Frasers Group, which was formerly known as Sports Direct, has upped its stake in the designer brand to 36.82 per cent. The group, which also owns House of Fraser, Jack [...]
Boris Johnson tests negative for coronavirus November 17, 2020 Boris Johnson has tested negative for coronavirus after taking a rapid Covid-19 test, the Prime Minister’s spokesperson has confirmed. Johnson will continue to self-isolate at Number 10 despite not having the virus and claiming he was “bursting with antibodies”, after being told to do so by NHS Test and Trace. The PM on Sunday announced [...]
Biden the bullet: US President-elect unveils $7 trillion coronavirus recovery package November 16, 2020 US President-elect Joe Biden has unveiled details of his $7 trillion coronavirus recovery package, as the Democrat lays the groundwork for America to “Build Back Better” from the worst Covid death toll in the world. Biden today announced his administration would invest $300bn in “the most critical competitive new industries and technology” to help the [...]