BoE’s Bailey and co are gloomiest central bank forecasters in history, according to Goldman Sachs August 8, 2022 “No central bank has ever published as negative an economic forecast” as the Bank of England did last week, according to a top Wall Street bank. Governor Andrew Bailey and co’s prediction that the UK will tip into the longest recession since the financial crisis at the end of this year is the gloomiest of [...]
Mazars discriminated against XTX Markets’ Russian owner, lawsuit says August 8, 2022 London trading company XTX Markets is suing accountancy firm Mazars over claims it discriminated against its founder, Alexander Gerko, by refusing to work with the firm due to Gerko’s Russian citizenship. The algorithmic trading firm filed its case against Mazars over the accounting firm’s refusal to provide payroll services to its subsidiary, XTX Markets Technologies, [...]
France waives environmental rules to ensure nuclear power plants run over winter August 8, 2022 France has temporarily lifted environmental rules to ensure five of its nuclear power plants can stay running ahead of a challenging winter.
Severing EU-China ties would cost Germany six times as much as Brexit August 8, 2022 Severing ties between the European Union and China would cost Germany six times as much as Brexit, reveals a new study published today. The country’s automotive industry, among the biggest contributors to Germany’s top line GDP, would shrink nearly nine per cent if the EU cut trade links with Beijing, according to the IFO Institute. [...]
Government accused of ‘messy’ decision making in £63m Newport Wafer sale August 8, 2022 British and Welsh government have been accused of being a “mess” in deciding on the sale of the UK’s largest chipmaker, Newport Wafer Fab. Both governments missed the chance to halt the £63m sale of Newport Wafer to Chinese-owned Nexperia in 2021. The National Security and Investment law, introduced in January, sought to give minister [...]
Hargreaves Lansdown shares jump after profits beat gloomy estimates August 8, 2022 Shares in Hargreaves Lansdown surged nearly 10 per cent today after the retail investment platform beat analyst estimates last week with pre-tax profits of £269.2m.
Japan intends to keep stake in Russian oil and gas project despite Western exodus August 8, 2022 Japan will keep hold of its stake in an oil and gas project in Russia, despite Western energy giants abandoning projects in the country.
Meta and BlackRock dive deeper into crypto as Voyager receives approval to return cash August 8, 2022 Data from CryptoCompare shows that the price of Bitcoin started last week around the $23,000 mark and moved sideways throughout most of it.
UK drafting plans to ‘significantly’ boost overseas recruits in NHS August 8, 2022 The UK government is drafting plans to “significantly” boost the number of overseas staff in the NHS to avert a winter crisis, according to the health secretary today. In a bid to combat worsening delays in the NHS, health secretary Steve Barclay told the Telegraph: “I have been working at pace over recent weeks to [...]
Maersk warns about logistics disruption if Felixstowe strike goes ahead August 8, 2022 The strike at the Port of Felixstowe could lead to significant disruption, Maersk said. In a notice published today, the shipping giant warned customers to expect “significant operational delays,” urging them to have contingency plans ready. “Our teams continue working hard on planning appropriate contingencies and expect to share concrete details and actions we are [...]
