London dominates hiring hotspots in the UK July 23, 2021 Six of the UK’s top ten hiring hotspots are in London showing that the capital’s jobs market is roaring back to life, according to new research published today. Figures from the Recruitment and Employment Confederation shows Brent has the fastest rate of job posting growth in the UK, rising 3.7 per cent to 4,616 over [...]
US stocks open flat on weak jobless claims July 22, 2021 US stocks opened broadly flat on Thursday morning after fresh data showed the American labour market recovery may be stalling. The blue-chip S&P 500 inched down 0.01 per cent during the open, while the Nasdaq crept up 0.23 per cent. The Dow Jones slipped 0.17 per cent. The lack of movement on the US’ main [...]
ECB holds rates at record low to fuel inflation July 22, 2021 The European Central Bank has kept interest rates at a record low in a bid to stimulate higher price growth to help it reach its two per cent inflation target. The central bank of the 19 nations that share the euro said it intends to keep rates at historic lows for longer than first estimated. [...]
BoE deputy governor moves to quash inflation fears July 22, 2021 The deputy governor of monetary policy at the Bank of England moved to temper fears that the UK economy is facing a period of persistently higher inflation today. In a speech, Ben Broadbent said that he was “not convinced that the current inflation in retail goods prices should in and of itself mean higher inflation [...]
London’s younger workers lead charge back to the office July 22, 2021 Younger workers in London are more eager to get back to the office compared to their older counterparts, according to new figures published today. Research from Workspace shows 77 per cent of workers aged between 18-34 in the capital are looking forward to coming back to the office, compared to half of staff aged 35 [...]
UK government to sell-off more of NatWest stake July 22, 2021 The UK government is set to sell more of its stake in NatWest over the next year. Over the next 12 months, the government plans to sell 15 per cent of its stake in the bank formerly known as Royal Bank of Scotland through a share sale. Read more: NatWest chairman warns City will never [...]
Musk: Tesla to resume accepting Bitcoin as payments July 22, 2021 Tesla is to resume accepting Bitcoin as payments after it finishes checks on the cryptocurrency’s environmental impact, chief executive Elon Musk said yesterday. “I wanted a little bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50 per cent, and that there is a trend [...]
Pingdemic: Government urged to expand self-isolation exemption list July 22, 2021 MPs and industry leaders have called on the government to include supermarket staff, lorry drivers and other essential workers on the self-isolation exemption list to prevent supply chains from buckling under the weight of the “pingdemic”. Shelves across the UK have been depleted this week as a result of workers at each stage of the [...]
US stocks rise on strong quarterly earnings July 21, 2021 US stocks rose during the open on Wednesday after investors were boosted by a string of strong company quarterly earnings. The blue chip S&P 500 rose 0.48 per cent, lifted by gains in cyclical stocks. The tech-heavy Nasdaq added 0.39 per cent, while the Dow Jones was up 0.69 per cent. Yields on 10-year US [...]
Spending watchdog chief calls for fiscal policy to be more nimble July 21, 2021 The head of the government’s spending watchdog has called for fiscal policy to be more “nimble”. Richard Hughes, chairman of the Office for Budget Responsibility, told the Treasury select committee today that policy “needs to be more alive to factors that might drive interest rates higher.” Read more: Covid: Government borrowing falls in June Hughes [...]