Oil prices: Why black gold could spike on flagging OPEC supply levels March 13, 2023 Oil prices will be supported by the combination of strong demand this year and flagging OPEC production levels, Investec predicts.
FTSE 100 close: Silicon Valley Bank collapse drags London index into red despite HSBC sale March 13, 2023 London’s FTSE 100 was dragged down into a global market sell off today driven by fears over how far the effects of the collapse of tech-focused Silicon Valley Bank could ricochet through the financial system. The capital’s premier index slid more than two per cent to close at 7,548.64 points, while the domestically-focused mid-cap FTSE [...]
London: West End and Knightsbridge urge Hunt to relax Sunday trading laws to bring in £350m extra March 13, 2023 The West End and Knightsbridge have urged the chancellor to relax Sunday trading restrictions and help them rake in an estimated £350m a year. The duo have submitted a joint proposal to Jeremy Hunt ahead of this week’s budget, urging the government to relax Sunday trading laws within the popular London districts in an effort [...]
Ukraine war: Top UN officials host Russian envoys in bid to extend grain export deal March 13, 2023 Senior UN officials have hosted Russian envoys in Geneva in a bid to extend an export agreement amid Moscow’s invasion of Ukraine and to prevent a potential new spike in world food prices. Despite being at war, Ukraine and Russia struck a deal last July that allows Ukraine – one of the world’s key breadbaskets [...]
The Dart: Luton Council defends expensive ticket for new light rail dubbed UK’s most expensive line March 13, 2023 Luton Council has defended the cost to passengers of its new light rail shuttle service, amid claims it is the UK’s most expensive line. The Dart (direct air-rail transit) will launch commercial services between the Bedfordshire airport and Luton Airport Parkway – its nearest mainline railway station – in the coming weeks. One-way fares will [...]
First floating offshore wind farm approved off Welsh coast March 13, 2023 Consent for a floating offshore wind farm has been granted off the Pembrokeshire coast, the Welsh government has announced.
Leading stablecoins lose their peg and DEXs register record high volume after $42 billion SVB bank run March 13, 2023 Francisco Memoria of CryptoCompare walks us through the news narratives that have driven the ups and downs of Bitcoin over the last week.
Explainer: Sunak has a difficult balance to strike on China March 13, 2023 Rishi Sunak was in the United States today to unveil his new AUKUS submarine deal with US President Joe Biden and Australian PM Anthony Albanese. The deal aims to increase defence capabilities in the Indo-Pacific and by its own nature, amp up its defence against China. But the AUKUS alliance isn’t the one China is [...]
“Project Yeti”: Inside the scramble to save Silicon Valley Bank UK March 13, 2023 “It’s going down to the wire.” That was the view of Coadec CEO Dom Hallas at 11pm on Sunday evening after hours of meetings had failed to produce a deal on the future of Silicon Valley Bank – with the tech industry warning it would be an existential threat to thousands of firms across the [...]
<strong>SNP leadership ballot opens as Forbes, Yousaf and Regan vie to replace Sturgeon</strong> March 13, 2023 Voting in the SNP leadership election to choose Nicola Sturgeon’s replacement has opened as the race gathers pace. Candidates Kate Forbes, Humza Yousaf and Ash Regan are running to become Scotland’s next first minister, following Sturgeon’s shock resignation last month. Scottish National Party (SNP) members will choose between the finance secretary, health secretary and ex-communities [...]
