Bank of England successfully kicks off QT with over subscribed £750m bond sale November 1, 2022 The Bank of England today successfully sold hundreds of millions pounds of government debt in the first stage of winding down stimulus that has propped up the economy in the aftermath of the financial crisis and during the pandemic. Some £750m bonds ran off the Bank’s balance sheet today, with the auction heavily over subscribed [...]
UK in Recession: an Overview of What Could Happen & How You Can Take Advantage November 1, 2022 Recently, the Bank of England has issued a warning about a slowdown in economic growth towards the end of 2022, with similar worries persisting into 2023. Overall, the upcoming emergence of a recession has been fuelled by a mix of several detrimental dynamics for the UK. Uncovering the Dynamics that Lead to Recession The United [...]
The impact of higher interest rates on markets. What is ahead for the crypto market? November 1, 2022 Higher interest rates generally mean a lower appetite for high-risk/high-return assets such as cryptocurrencies, hence we’ve seen the crypto market decline in recent months. With the stock market also reacting badly to recent rate hike and the crypto market becoming increasingly correlated to stocks, crypto could be in for a continued bearish year because of [...]
UK’s court system must adapt to digital age in the interests of open justice, MPs say November 1, 2022 The UK’s court system must adapt to the new digital age to ensure the British public have access to reliable, high-quality information, MPs have said. In a new report, the House of Commons Justice Committee calls for court documents to be made available for free, as it argues the decline of court reporting could cause [...]
Boris Johnson to address crypto conference in Singapore next month November 1, 2022 Boris Johnson will address a crypto conference in Singapore next month while Parliament is still sitting. The former Prime Minister will address the International Symposium on Blockchain Advancement, as the keynote speaker. Johnson will be joined by vice-president from 2001-09 Dick Cheney, but it’s not clear how much Johnson will get paid. The MP for [...]
Net-zero bus maker Wrightbus bags £26m gov-backed funding to expand into EU and Asia November 1, 2022 Bus maker Wrightbus has bagged £26m in government-backed funding to expand its operations into Europe and South-East Asia. Under the agreement’s terms, the UK Export Finance will indemnify an £18m Green Trade loan as well as an £8m Green Bank guarantee provided by Barclays. “It’s fantastic to see Great British companies like Wrightbus take full [...]
He’s got the X-Factor! Presenter Dermot O’Leary awarded Freedom of the City of London November 1, 2022 Dermot O’Leary has been honoured with the freedom of the City of London, inspired by his charity work and Irish heritage. The radio host and personality was recognised for his patronage with the London Irish Centre, saying he was “genuinely honoured” to get the accolade. Former X-Factor presenter who currently presents a BBC Radio 2 [...]
City watchdog charges five men over ‘all or nothing’ investment fraud November 1, 2022 Five men, who allegedly defrauded investors of £1.2m via an “all or nothing” investment scheme, have been charged by the UK’s financial watchdog. The five men, who are accused of using investors’ money to fund their luxury lifestyles, convinced UK investors to put their cash into high-risk binary options, which have been banned for retail [...]
OPEC: Oil demand will not peak anytime soon despite IEA forecasts November 1, 2022 OPEC has raised its forecasts for world oil demand over the medium and long term in its annual outlook despite IEA forecasts.
Pfizer Covid-19 revenue halves but CEO remains bright on outlook November 1, 2022 While Pfizer’s Covid-19 revenue is declining, the pharmaceutical giant has raised its outlook for the whole year after pocketing a collective revenue of $22.6bn (£19.6bn) in the past few months. The Big Pharma firm had the revenue from its Covid-19 vaccine Comirnaty plunge by 65 per cent to $4.4bn (£3.8bn) in the third quarter. However, [...]
