China trade slumps for first time since May 2020 on zero-Covid rules November 7, 2022 A combination of strict Covid-19 containment measures hobbling factories and a global economic slowdown have kneecapped China’s trade position, official figures out today revealed. Beijing’s commitment to blanket lockdowns to stop the spread of the virus has disrupted production, forcing down factory output and leaving Chinese exporters with fewer goods to ship abroad. The world’s [...]
North Sea industry set to be dominated by major oil and gas players November 7, 2022 The North Sea will become dominated by oil and gas majors, revealed forecasting specialist Welligence Energy Analytics.
This Week’s Financial Markets November 7, 2022 Looking back to last week, we had a busy week on the calendar. Kicking off the Central Banks was the RBA on Tuesday morning who hiked rates for the 7th consecutive meeting, by 25bps, but sparked some speculation that they could in fact end their hiking cycle earlier than expected. However, with the YoY Trimmed [...]
Government must investigate energy pricing for businesses, urges hospitality body November 7, 2022 The boss of one of the country's leading hospitality bodies has urged the Government to look into energy pricing for commercial businesses.
Jet maker Embraer reaffirms full-year forecast after increased deliveries November 7, 2022 Embraer has reaffirmed its full-year forecast as it increased quarterly deliveries compared with 2021 levels. The Brazilian jet maker said today it shipped 10 commercial aircraft and 23 executive jets in the three months to the end of September – up 10 per cent from last year’s delivery volumes. The company’s order backlog stood at [...]
35 Just Stop Oil activists held over M25 chaos: ‘This isn’t policing protest, it’s a crime operation’ November 7, 2022 35 Just Stop Oil activists have been arrested after breaking a High Court injunction banning them from protest on the M25. Campaigners from the environmental group climbed on to gantries on the motorway, closing it in multiple sections at around 8am this morning. Just Stop Oil said it had launched actions in six locations around [...]
Evelyn Partners assets tumble £4bn amid market volatility November 7, 2022 Wealth manager and financial services group Evelyn Partners reported a slump in its assets to £52bn today as it became the latest money manager to reveal the damage wreaked by market volatility in the third quarter of the year.
Insurance broker Arthur J. Gallagher subpoenaed by US authorities over business with Ecuadorian firms November 7, 2022 US insurance giant Arthur J. Gallagher has become the latest multinational to find itself embroiled in a far-reaching investigation into corruption in Ecuador, after being asked by US authorities to hand over information relating to its business with Ecuadorian state-owned firms. Arthur J. Gallagher received a subpoena from the DoJ’s Foreign Corrupt Practices Act (FCPA) [...]
Facebook owner Meta gears up for mass job cuts November 7, 2022 Things seem to go from bad to worse for Meta, with the Facebook owner gearing up to announce mass layoffs this week. Sources told the Wall Street Journal that thousands of jobs are set to be culled, as the firm fends off the wider tech sell-off and slowing advertising spend. Meta declined to comment on [...]
Crypto market volatility plunges amid widespread accumulation phase November 7, 2022 Data from CryptoCompare shows that the price of Bitcoin moved up slightly over the past week.
