Cop26 chief Alok Sharma: World on the brink of climate ‘catastrophe’ August 8, 2021 The world will soon face “catastrophe” from climate change if urgent action is not taken, according to Cop26 chief Alok Sharma. Sharma, who is managing preparations for the Glasgow climate summit, said the he world “can’t afford” to wait another two years to take serious action. The government wants to use the UN summit to [...]
Boris Johnson reportedly threatens to demote Rishi Sunak August 8, 2021 Boris Johnson reportedly threatened to demote Rishi Sunak earlier this week in a fiery Downing Street meeting. Johnson was said by officials in attendance to be “apoplectic” about the leaking of a letter from Sunak that criticised the Prime Minister’s borders policy. Johnson is said to have only found out about the letter from last [...]
Investors turn to overlooked data sources to assess firms’ ESG credentials August 8, 2021 A lack of publicly available information on companies’ ESG credentials is prompting investors to turn to overlooked sources to acquire data, new research shared exclusively with City A.M. reveals. Read more: Regulation and investors’ demands push fund managers towards ESG Figures from MBH Corporation shows 89 per cent of UK based professional investors think employee [...]
NHS waiting list could top 13 million, says IFS August 8, 2021 IFS modelling has confirmed Sajid Javid’s stark warning that the number of people on the NHS waiting list could reach 13 million. Last month the Health and Social Care Secretary quoted “shocking” government data which estimated waiting lists could more than double in a matter of months. Today, analysis published by the IFS reiterated that [...]
‘Professor lockdown’ rules out future Covid lockdowns in the UK August 7, 2021 “Professor lockdown” has indicated future Covid lockdowns are unlikely to be needed to curb the spread of the virus in the UK. Speaking to The Times, Neil Ferguson said: “I think it’s unlikely we will need a new lockdown or even social distancing measures of the type we’ve had so far.” Read more: Johnson will [...]
Berkshire Hathaway profits surge on global economic rebound August 7, 2021 Warren Buffett’s Berkshire Hathaway posted a bumper crop of results on Saturday driven by the resurgence in economic activity around the world after the Covid-induced slump boosting many businesses’ bottom lines that are owned by the billionaire. Operating profits jumped 21 per cent to £6.69bn in the second quarter of this year compared with the [...]
Tokyo 2020 Olympics: Daley wins bronze to cement himself in British history as gold rush continues August 7, 2021 Tom Daley won bronze in the men’s 10m platform at Tokyo 2020 to become the first British diver to claim four Olympic medals. Read more: Tokyo 2020 Olympics: Women’s 4x100m relay team break British record as Asher-Smith returns to track Daley secured his second medal of the games after winning gold last week in the [...]
Johnson will not self-isolate despite staffer’s positive Covid test August 7, 2021 Boris Johnson will not self-isolate despite a member of his staff testing positive for Covid during a trip to Scotland, Downing Street said. According to No 10, the visit complied with Covid guidelines and the prime minister did not come into close contact with the positive case. Read more: Dominic Cummings claims Boris Johnson offered [...]
The Analyst: Is Netflix going to be able to swim up-stream? August 7, 2021 In the middle of another summer results season, the outlook for many media and tech companies – like many other sectors – is generally positive. But bucking that trend is behemoth Netflix, where net subscriber additions – the bread and butter of the business, after all – missed analyst expectations by around a quarter of [...]
Weekend Read: We may be about to find out what shape the recovery takes August 7, 2021 Since the first cases of Covid-19 began to disrupt the global economy, economists have not been shy of predictions. V-shaped, L-shaped, even hockey-stick recoveries have all been on the table. We may be about to find out who was right. While output growth and economic activity are still historically strong, in developed economies, those indicators [...]
