Blindness in Ghana October 27, 2022 Ghana, like many nations, has a clear divide between those who are wealthy and those who live in poverty. Many Ghanaians live in conditions where they do not have access to healthcare or the resources to assist them out of the cycle of poverty. The lack of accessibility to healthcare can often push those suffering [...]
Icelandair remains ‘cautiously optimistic’ about next year as it plans moderate growth October 27, 2022 Icelandic legacy carrier Icelandair remains “cautiously optimistic” about the next year, as it plans some moderate growth despite the current inflationary headwinds. “We are in a very good position,” chief executive Bogi Nils Bogason told City A.M. today. “We can be more flexible and focused depending on how our economies are developing. “[However] people are [...]
Realistic interest rates will save us, and we have a sub-Prime Minister to thank for it October 27, 2022 This time last week, Monty Munford was enjoying a bit of lunch in Westminster when all manner of hell kicked off around him.
Andrew Griffith reappointed as City minister by Sunak October 27, 2022 Andrew Griffith has today been reappointed as City minister as a part of Rishi Sunak’s latest tranche of frontbench appointments. Griffith, a close Boris Johnson ally, retains the portfolio as a part of his role as economic secretary to the Treasury – a junior ministerial role in the department. The former Sky executive had been [...]
Fed pivot hopes fade after US economy returns to strong growth October 27, 2022 The US economy has surprisingly shaken off a series of steep rate rises, indicating the Federal Reserve’s campaign to tame historic high inflation is not over yet, new figures out today reveal. Gross domestic product (GDP) across the pond climbed 2.6 per cent last quarter, swinging from a 0.6 per cent contraction in the three [...]
Sacked Tory chair: Suella Braverman had ‘multiple breaches of ministerial code’ October 27, 2022 The sacked Conservative Party chair Jake Berry has claimed Suella Braverman was forced to quit over “multiple breaches”, including one relating to national security. The deposed head of the party under Liz Truss made his comments during an appearance on Piers Morgan Uncensored, days after Nadhim Zahawi took over his job. This comes after Suella [...]
Clear skies ahead for Lufthansa, as carrier expects strong demand to stay October 27, 2022 Lufthansa anticipates demand to remain strong in the months ahead, with capacity expected at 80 per cent of pre-Covid levels in the fourth quarter despite inflationary pressures. According to chief executive Carsten Spohr, people will continue to splash cash on tickets after two years of not being allowed to travel due to the Covid pandemic. [...]
ECB fires second successive jumbo rate hike in push to end Europe’s cheap money addiction October 27, 2022 The European Central Bank (ECB) today fired its second jumbo rate hike in a row in another sign that it is putting years of ultra-cheap money to the sword. The central bank that oversees the financial system of the 19 countries using the euro lifted borrowing costs 75 basis points to 1.5 per cent as [...]
Aviva and Hargreaves Lansdown call on regulators to prioritise net-zero October 27, 2022 A group of top finance firms including Hargreaves Lansdown and Aviva Investors have called on financial watchdogs make net-zero a central objective if the UK is to avert the worst economic damage of climate change.
Budweiser owner hikes guidance after raking in higher-than-anticipated beer sales October 27, 2022 Brewing giant AB InBev has lifted its yearly earnings guidance after posting higher than anticipated earnings, with punters’ thirst for beer not waning despite high inflation levels. Raising a glass to its best quarterly performance this year, on a volume basis, the Budweiser maker elevated its 2022 guidance. EBITDA is now anticipated to rise between [...]
