Reeves says Labour still committed to post-Brexit equivalence for the City November 16, 2021 Labour is still committed to getting a post-Brexit equivalence deal for the UK’s financial services sector if elected, shadow chancellor Rachel Reeves has said. Reeves told TheCityUK’s national conference today that, if elected, Labour will “fix some of the holes in the patchwork Brexit deal with the EU”. The UK’s financial services sector has not [...]
Shoppers set to spend £33bn across major supermarkets in festive period November 16, 2021 Trips to UK supermarkets have shot up as Brits prepare to shop both online and in-store for Christmas. In-store visits to supermarkets swelled 6.5 per cent in the last four weeks ending 6 November. This represents 28m more visits compared with the same period last year, according to data from NielsenIQ. The online share of [...]
The US’ largest grantmaker receives $274m in crypto donations November 16, 2021 As the world’s top digital assets flirt with new all time highs charities are receiving multi million dollar donations in crypto. Fidelity Charitable, the US’ largest grantmaker, has received more than $274m (£203m) in cryptocurrency contributions so far this year — nearly quadruple its prior record of $69m in 2017 according to a company spokesperson. [...]
Billionaire Richard Branson sells off another $300m stake in Virgin Galactic November 16, 2021 British billionaire Richard Branson has sold off a further $300m worth of stock in his space venture Virgin Galactic, taking the total offloaded this year to some $600m. The unlocked capital is reportedly set to be pumped into Branson’s travel and leisure businesses, after emergency pandemic restrictions bruised profits. Shares sank more than four per [...]
Cazoo acquires Spanish car marketplace in €30m deal November 16, 2021 London-based online car retailer Cazoo has acquired Spanish car subscription marketplace Swipcar in a €30m deal, following the decision to expand more into the European market. “Swipcar has built a market-leading car subscription marketplace in Spain adding hundreds of new customers every month,” Alex Chesterman, Cazoo’s founder and chief executive said. “This deal will enable [...]
Trevor Steven: England have mojo back as World Cup countdown begins November 16, 2021 As we’ve come to expect from Gareth Southgate’s England, they completed a very comfortable qualifying campaign for the Qatar 2022 World Cup with a flourish this week. While Monday’s 10-0 walkover in San Marino grabbed the headlines, a better benchmark of their performance came in Friday’s 5-0 win against Albania. England have got their mojo [...]
Crude moves: End of oil rally may be in sight with US ramping up production November 16, 2021 Soaring oil prices could be reduced by a global rebound in supplies, the International Energy Agency (IEA) said yesterday. In its November oil report, the organisation argued “the tide might be turning” in the market as supplies catch up with demand. The IEA now expects oil production to increase by 1.5m barrels per day over [...]
Volatile supply will remain for the rest of the year, warns Hamburg port November 16, 2021 Germany’s largest port, Hamburg, has warned that – despite a 2.9 per cent hike in sea cargo registered in the first nine months of 2021 – global supply chain issues are here to stay, at least until the end of the year. Compared to the same time last year, the port – which is Europe’s [...]
Climate scientists reject Science Museum feature after Shell sponsorship November 16, 2021 Pollution experts refuse to let Science Museum feature work over its links to Shell and willingness to be associated with oil giants.
Russia hits back at US accusations that it put astronauts at risk with ‘reckless’ missile trial November 16, 2021 Russia has hit back at US accusations that it put astronauts at risk with its “reckless” anti-satellite missile trial, which saw crew onboard the International Space Station (ISS) shelter from orbiting debris. Crew were directed to close some hatches to keep safe. Roscosmos, Russia’s state space agency, said that it was monitoring the debris situation [...]
