‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Democrats advance Biden’s $1.9 trillion Covid-19 relief package March 6, 2021 Democrats forged ahead with President Joe Biden’s $1.9trn coronavirus relief plan early on Saturday, holding back Republican attempts to modify the package. With Republicans united in opposition, Democrats who narrowly control the chamber must keep all 50 of their members on board in order to pass the package, as they hope to do this weekend. [...]
Review: How socialism became the failed idea that never dies March 6, 2021 German writer and economist Rainer Zettleman looks at a new book on the enduring – and illogical – appeal of socialism Why have socialist ideas once again developed such a strong appeal, even though every single socialist experiment over the past 100 years has failed? British economist Kristian Niemietz provides an answer in his book Socialism: The Failed Idea That Never Dies. He cites over two dozen socialist [...]
Saturday Read: Investors are fleeing Myanmar as coup grows more deadly March 6, 2021 The world’s largest sovereign wealth fund, the Norwegian central bank, has put Japanese Kirin Holdings on a watch list for possible exclusion due to its ties to Myanmar’s military, in light of the recent coup and ongoing unrest in the country. The Japanese beverage group Kirin has a partnership and $1.7bn controlling stake in Myanmar [...]
Apple’s new privacy features may finally trigger a more transparent tech ecosystem March 6, 2021 A new feature in Apple’s operating system has received relatively little attention in the wider media recently, yet it is set to kick start a new era of transparency in the tech industry and hopefully instil more respect for consumer and enterprise privacy. With the launch of iOS 14, Apple introduced a privacy information section [...]
Hancock firm on NHS one per cent pay rise despite nurse and union pressure March 5, 2021 Matt Hancock rejects opposition to one per cent pay rise despite union hostility towards the decision
FTSE 100 ends week lower as fears over US bond yields and housing market grow March 5, 2021 FTSE 100 ends week lower as fears over US bond yields and housing market grow
Pound sterling falls back to near $1.38 on US jobs data surprise March 5, 2021 Pound Sterling rises tempered by strong US economic figures
London Stock Exchange shares tumble on Refinitiv merger costs March 5, 2021 Shares in the London Stock Exchange Group (LSEG) tumbled today after the company revealed its $27bn mega-merger with Refinitiv will cost more than expected and lead to job cuts. The stock market operator said it expected capital expenditure to hit £850m this year, with £150m of associated operating costs. This marked an increase in the [...]
Anti-virus mogul John McAfee charged over crypto fraud March 5, 2021 Controversial anti-virus software mogul John McAfee has been indicted in New York on charges of fraud and money laundering linked to two fraudulent cryptocurrency schemes. The tech millionaire and his bodyguard Jimmy Gale Watson Jr were charged in Manhattan federal court over schemes that promoted the digital currencies to investors. The pair exploited McAfee’s large [...]
Share of Brits working from the office rises to pre-lockdown level, as remote working appeal fades March 5, 2021 Share of Brits working from the office rises to pre-lockdown level
