Eurozone GDP contracts as it slips into double-dip recession territory April 30, 2021 The Eurozone economy shrank by 0.6 per cent in the first three months of the year as it slid back into recession following persistent Covid lockdowns. The European Union’s statistics office Eurostat said GDP in the 19 countries sharing the euro contracted by 1.8 per cent year-on-year. This put the single currency area in a [...]
Bank of Ireland sees strong first quarter as capital rises and costs drop April 30, 2021 The Bank of Ireland has reported a strong income for the first quarter of this year today, noting limited impacts on customer loans from longer lockdowns in the Irish market. Ireland’s largest bank by assets enjoyed a stable net interest income throughout its multiple lockdowns, exceeding initial forecasts, as its capital levels rose and its [...]
EY hands £1,100 pandemic ‘thank you’ bonus to non-partners April 30, 2021 EY will hand out payments of around £1,100 to non-partners next month as a thank you for the work carried out during the Covid-19 pandemic. Some 17,000 UK staff will receive the one-off payment, which is in addition to EY’s normal salary review and bonus that take place in October. EY is the second of [...]
Sterling slips against US dollar as cautious investors await BoE meeting April 30, 2021 The pound stumbled against the dollar today as traders remained cautious ahead of the Bank of England’s policy meeting next week. Sterling was down 0.2 per cent at $1.392, while holding its ground versus the euro. It brings yesterday’s nine-day high to an end, which followed a slump in the dollar after the Fed waved [...]
City regulator proposes easing suspension rule for listed SPACs April 30, 2021 The financial watchdog is consulting on a raft of changes to UK SPAC listings, including the rules around SPAC trading suspension when the vehicle identifies an acquisition target. Following a surge of SPAC or “blank check” company listings on Wall Street and more recently in Europe, London is keen not to be left behind. The Financial Conduct [...]
India hit by vaccine shortage a day before it widened its jabs drive April 30, 2021 India has been hit by a Covid-19 vaccines shortage a day before it had planned to widen its nationwide inoculation programme, authorities said today. It comes as the world’s second-most populous country saw another daily record in new cases, reporting 386,452 infections in the last 24 hours. However, medical experts and journalists have warned that [...]
Using blockchain to overcome the challenge of universal connectivity April 30, 2021 Blockchain technology can be used to leapfrog formal institutions on the way to financial empowerment.
GTO Engineering reveals new Ferrari-inspired, £1.5m Squalo sports car April 30, 2021 Classic Ferrari specialist GTO Engineering has revealed images of its bespoke sub-1,000kg supercar, inspired by the 250 GT SWB.
How strong might the UK’s post-Covid economic recovery be? April 30, 2021 It has been a tough start to the year for the UK. As lockdown restrictions continue to slowly ease, we examine the progress made in tackling the Covid-19 pandemic, and whether hopes for a strong economic recovery are well founded. Vaccines offered hope, speedy inoculation will solidify the recovery A year on from the start [...]
Screenshot: Will GB News’ traditional TV bet pay off? April 30, 2021 This week **Media Moment of the Week: Blair’s hair mare **Will GB News’ traditional TV bet pay off? **BT puts sport on the sideline Media Moment of the Week: Blair’s hair mare With allegations of sleaze, rows over John Lewis and Kevin Keegan-esque outbursts, it’s fair to say that all the attention has been on [...]
