Dow hits record high as Biden’s $1.9 trillion Covid stimulus bill gets final approval March 10, 2021 The blue-chip Dow Jones hit a new record high tonight as President Joe Biden’s $1.9 trillion (£1.4 trillion) Covid-19 stimulus bill received final approval in the House of Representatives. The bourse jumped 1.5 per cent over the course of trading to hit 32,297.81 after inflation fears subsided today. In addition, the S&P 500 also ground [...]
Human remains found in search for Sarah Everard March 10, 2021 Police searching for the missing Sarah Everard have found what appear to be human remains, Metropolitan Police commissioner Cressida Dick has said. Officers are not yet able to confirm the identity of the remains, she added. Police made the discovery in a bunch of woodland in Kent, Dick said, in a statement issued from Scotland [...]
Goldman Sachs plans to scrap virtual internships in drive to end remote working March 10, 2021 Goldman Sachs told incoming summer analysts this year’s internship will be in-person, breaking with the majority of its investment bank rivals that plan to keep their internships virtually. The move, first reported by Financial News, will apply to internships globally. David Solomon, the chief executive of Goldman Sachs, recently called working from home an “aberration”. [...]
‘Unacceptable’ Heathrow queues risk UK’s economic recovery, airport says March 10, 2021 Heathrow’s chief operating officer has today said that the length of delays currently facing travellers at the UK’s biggest airport were “unacceptable”. Speaking to MPs at the Home Affairs Select Committee today, Emma Gilthorpe said that some people were having to queue for three to six hours to pass through border control. And she warned [...]
Brits ‘to boost UK GDP by £16bn in post-lockdown spending’ as excess savings balloon to £160bn March 10, 2021 Brits to boost UK GDP by £16bn in post-lockdown spending as excess savings balloons to £160bn
London Metal Exchange to take steps to improve electronic pricing during ring closure March 10, 2021 The London Metal Exchange today said it would change its electronic closing price system to make it more efficient while its iconic trading ring remains shut. The bourse said the move was separate to plans to consult on closing the ring as part of moves to modernise its trading system. Plans to improve the market’s [...]
Blaming Covid-19 goes out of fashion at Prada as luxury designer boasts of sales recovery March 10, 2021 Prada has posted a positive operating profit at the end of the year after seeing a full recovery of sales thanks to explosive growth in its e-commerce operation.
Branson backs New York-listed SPAC aiming to raise $500m March 10, 2021 No stranger to the Spac phenomenon taking equity markets by storm, Richard Branson is backing another New York-listed blank-cheque vehicle. Virgin Group Acquisition Corp III is looking to raise as much as $500m through a public listing, according to a regulatory filing published on Tuesday. Founded by Branson the company will be led by Josh [...]
GameStop shares tumble just as meme stock passes $300 March 10, 2021 Shares in GameStop have tumbled back to $242, after rising to more than $300 per share earlier today, nearing their all-time high. The latest GameStop rally is said to be based on company fundamentals and speculation that small investors will pour their stimulus packages into markets. After a strong few days the stock has dropped [...]
Best of travel: Living La Dolce Vita in Puglia in a Fiat 500 March 10, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. Today we revisit Adam Hay-Nicholls’ drive through Puglia in a retro Fiat 500. ••• I’m touring the heel of Italy in a car with no seatbelts and ropes for doors. Puglia is home to the mainland’s best [...]
