Oil set for second week of losses as investors await Chinese rebound in demand February 3, 2023 Oil is on course for a second straight week of losses, with investors hoping for clearer signs of fuel demand recovering in China.
More Covid restrictions lifted: China and Hong Kong scrap need for PCR test to travel between authorities February 3, 2023 Travel between Hong Kong and China will no longer require Covid PCR tests or be limited, authorities have announced. Hong Kong’s tourism industry has suffered since 2019 after months of political strife that at times turned into violent clashes between protesters and police, as well as harsh entry restrictions implemented during the pandemic. “From Monday, [...]
Apple’s first reported revenue drop in four years adds to tech woes with Google also reporting a decline in sales February 3, 2023 Apple posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone . The company’s sales of $117bn (£96bn) between October and December period were down five per cent on the same quarter the previous year, a deeper downturn than analysts had projected. [...]
UK faces ongoing recruitment crisis with more childcare and training needed – British Chambers of Commerce February 3, 2023 The Government is being urged to help firms recruit workers after research showed employers are facing huge problems attracting staff. Four out of five of 5,600 businesses surveyed by the British Chambers of Commerce (BCC) said they had problems recruiting workers in recent months. Hospitality firms were most likely to face challenges when recruiting, followed [...]
UK risks exodus of semiconductor firms without an industry strategy, MPs warn February 3, 2023 The government risks endangering the semiconductor industry unless it urgently publishes a strategy for the sector, warned a body of MPs.
London’s litigation financiers primed to profit on global downturn, Therium chief says February 3, 2023 London’s litigation funders are in a prime position to capitalise on the global economic downturn, the founder of one the UK’s top lawsuit financiers told City A.M. The economic slump threatens to stretch in-house legal budgets and drive an uptick in legal battles, Therium founder Neil Purslow said, which could force companies and litigants turn [...]
Three years on from Brexit, it’s time for the UK and the EU to find a way to get along February 3, 2023 Three years on from Brexit, and the UK and Europe are still arguing over the Northern Ireland Protocol and failing to build up any goodwill. This will damage both sides in a fragile economy instead of building up our financial links, writes Nicolas Mackel.
The big boys of the housing sector can’t be the only developers we rely on February 3, 2023 New housing policy from Westminster has been pretty much non-existent, but the market itself can enable more new homes to be built by looking outside of the top developers, writes Phil Hooper.
We need to fill the gap left by the demise of Tech Nation and quickly February 3, 2023 Tech Nation was a body with the explicit mission of driving tech investment and talent into the UK, but the government has pulled funding only days after saying they want the UK to be the next ’Silicon Valley’, writes Nigel Vaz.
Can AI replace the skill of a journalist? February 2, 2023 In-depth look into the rise of AI language bots like ChatGPT and addressing the question of whether or not AI can replace journalism.
