Scottish independence: UK minister says Scots could have a second referendum if backed by 60 per cent August 27, 2021 Scots could have a second independence referendum if polling consistently shows support for one at 60 per cent, according to the UK’s Scotland secretary. In the first time a minister has hinted at what the bar could be for a fresh vote, Alister Jack told Politico: “If you consistently saw 60 percent of the population [...]
Vietnam’s coffee exports impinged by virus restrictions August 27, 2021 As workers ready themselves for early commutes once again, they may be left waiting longer for their morning coffee than expected. Coffee supplies across the world have been hit by tough travel restrictions imposed in Vietnam as the country battles increasing rates of the Delta Covid variant. Exporters in the second-biggest grower are facing difficulties [...]
UK’s inaugural green gilts to carry 2033 maturity August 27, 2021 The UK’s first green gilts, which are due to launch next month will have a maturity date of 31 July 2033, the Debt Management Office (DMO) announced this morning. The sale of the new gilts, the proceeds of which will go towards funding environmental projects, will take place in the week of 20 September. The [...]
Has Covid actually mattered to financial markets? August 27, 2021 The Covid-19 pandemic has clearly affected our daily lives and the well-being of the global economy. But the impact on financial markets has been less straightforward. Firstly, equities appear to have looked through the economic consequences of the virus. Last year, the Covid-19 crisis triggered one of the deepest recessions in history which saw global [...]
Tech crackdown: China proposes banning local sensitive data firms from US IPOs August 27, 2021 China has turned its attention to the US stock market amid its tech sector crackdown, according to reports, by suggesting new rules that ban sensitive data firms from listing. The new rules target internet companies, but the China Securities Regulatory Commission, its local market watchdog, has said that those in the pharmaceutical industry, are still [...]
Contactless limit to rise to £100 from October – CityAM : CityAM August 27, 2021 The limit for spending on contactless cards will reportedly rise from £45 to £100 on October 15. In March, Rishi Sunak confirmed that the payment limit would be raised in order to boost businesses as the UK recovers from the Covid-19 pandemic. UK Finance, an industry body which represents banks, today confirmed that the changes [...]
US’s John Kerry pressures China to stop financing coal August 27, 2021 The US’s climate envoy John Kerry will press Chinese leaders to declare a moratorium on funding coal-fired projects. Kerry plans to visit China next week to request that Beijing formally halts funding for coal based projects as part of plans to reduce global emissions. So far this year, Beijing has not offered any financing to [...]
Amigo issues fresh warning over future despite profit rise August 27, 2021 Embattled subprime lender Amigo has issued yet another warning over its future despite a fifteen-fold rise in profit this quarter. First quarter pre-tax profit at the firm jumped from £1.4m to £15m, it revealed this morning, a performance finance chief Mike Corcoran labelled “better than expected”. It comes days after Amigo revealed it had made a £283.6m [...]
British Airways mulling new short-haul carrier at Gatwick August 27, 2021 British Airways is mulling the creation of a new short-haul subsidiary operating out of Gatwick, the airline confirmed today. The IAG-owned carrier was forced to move its short-haul services from the Crawley airport to London Heathrow when the pandemic struck last year. It was one of a number of airlines to close or suspend its [...]
EU to investigate Nvidia’s $54bn purchase of Arm August 27, 2021 Brussels is preparing to open an investigation into Nvidia’s acquisition of Arm as a result of competition concerns. Nvidia plans to notify the EU of its intention to purchase Cambridge-based technology company Arm in the first week of September. Two sources with detailed information of the process told the Financial Times that when Nvidia officially [...]
