Bank of England will ‘have to act’ to curb inflation October 17, 2021 Bank of England Governor Andrew Bailey has signaled that the Bank of England is gearing up to increase interest rates. The central bank is considering raising interest rates for the first time since the onset of the coronavirus crisis due to increasing inflation risks. He believes the surge in energy prices raises the risk of [...]
Netflix’s famed Squid Game set to rake in around $900m October 17, 2021 Netflix’s famed Squid Game is reportedly set to generate around $900m in value for the company, despite costing just $21.4m to make. The spend came in far less than some of Netflix’s other big shows, costing around $2.4m per episode, Bloomberg first reported, which has resulted in a huge margin for profit. Other successful shows, [...]
Russia will look to ‘rescue’ UK in energy crisis October 17, 2021 Russia will try to “come to the rescue” of the UK amid rapidly rising energy costs, says the country’s ambassador Andrei Kelin. He told Andrew Marr that that if there is an “opportunity” to help the UK, then the country will “do what we can to alleviate difficult conditions which are now being created with [...]
Chasm widens between Sunak and Johnson on cost of net zero October 17, 2021 A leaked government document has revealed a widening chasm between Prime Minister Boris Johnson and Chancellor Rishi Sunak over the economic impact of the UK reaching net zero by 2050. Despite Johnson preparing to put the UK at the forefront of global efforts to fight climate change as host of Cop26 climate summit next month, [...]
Bitcoin all-time high coming soon, analysts agree October 17, 2021 The majority of some of the industry’s most respected crypto analysts agree that a new all-time high for Bitcoin is highly likely in the coming days. Bitcoin bludgeoned its way through the psychological barrier of $60,000 on Friday on whispers that the US Securities and Exchange Commission might be on the cusp of granting approval [...]
City bosses warn FCA over listings reform that would ‘undermine’ London market October 17, 2021 Proposed restrictions on the number of smaller companies listed on the London stock exchange as part of the FCA’s shake up of the market could “undermine” the City’s competitiveness rather than improve it, a group of City figures has warned. An increase to the minimum market capitalisation for companies to list on the main stock [...]
Airlift 240m Covid-19 vaccines says Gordon Brown after COVAX scheme misses target October 17, 2021 Former prime minister Gordon Brown has urged that 240m Covid-19 vaccines being distributed to countries in the global south could save 100,000 lives. It follows the global COVAX scheme, a World Health Organisation (WHO) programme designed so wealthier countries can donate vaccine doses to states less able to bulk buy, missed its target, according to [...]
Former BA boss slams Heathrow’s ‘outrageous’ £100 price hikes October 17, 2021 Former British Airways boss Willie Walsh has criticised Heathrow’s plans to hike landing fees by 90 percent. The move could cost families travelling through Heathrow nearly £100 more for their flights. Walsh called the proposals ‘outrageous’. He said, “Heathrow must understand that gouging its customers is not the road to recovery, for itself, the airlines, [...]
Putin could miss COP26 climate conference October 17, 2021 Vladimir Putin has not decided whether to attend the upcoming COP26 climate conference in Glasgow later this month. Russian ambassador to the UK, Andrei Kelin, told Andrew Marr that a decision on the president’s trip has “not been taken yet”. This follows Wednesday’s comments from the Russian premier that he might avoid the conference due [...]
Stratford’s Westfield shopping centre evacuated after fire breaks out October 17, 2021 Westfield shopping centre in Stratford has been evacuated after a fire broke out in one of its stores. Police and around 60 firefighters arrived on the scene this morning, who have since controlled the blaze. While helicopters were reported to fly above the building. A Metropolitan Police spokesperson tweeted: “We are supporting LondonFire with evacuation [...]
