Starbucks follows McDonald’s and announces formal end of ‘brand presence’ in Russia May 23, 2022 Starbucks has formally quit Russia due to the war in Ukraine saying it no longer has a “brand presence” in the country. The coffee giant announced the suspension of all its operations in early March, including the shipments of all its products there. It has roughly 2,000 employees in the country. This comes after many [...]
Why we still like Asian tech stocks May 23, 2022 Asian semiconductor and IT stocks have had a difficult few months, but we see the sector as a long-term winner. Market trends in Asia this year have tended to see consumer, internet, semiconductor and technology stocks come under pressure. Internet stocks face ongoing regulatory uncertainties, while consumer companies face a profit margin squeeze amid cost [...]
Safe as houses? The inflation-busting benefits of investing in property May 23, 2022 Real estate assets can generate significant returns for investors, with cash flows keeping up with (and in some cases exceeding) inflation levels. Although residential property can be a sound investment, it is also one of life’s essentials. Everyone needs somewhere to live. It is this basic human necessity that is the reason why housing is [...]
EA talks mergers with NBCUniversal as 30-year FIFA partnership faces final whistle May 23, 2022 Electronic Arts was reportedly in negotiations with NBCUniversal over a potential merger, just months before it announced the end of its three-decade partnership with FIFA.
ECB’s Lagarde butters up markets for first rate hike in over a decade May 23, 2022 The European Central Bank (ECB) will hike interest rates for the first time in over a decade in July, its chief signalled today. President Christine Lagarde in a blog post on the central bank’s website said the committee of rate setters will take borrowing costs out of negative territory by September. The ECB has trailed [...]
Landlords being pushed to innovate by ‘Instagrammable’ build-to-rent schemes with furnishing and socialising space May 23, 2022 Landlords are being pushed in to more innovation and providing better furnished homes because of modern renters. Younger people are looking for professionally managed properties to live in, as part of a build-to-rent (BTR) schemes, which are created specifically for the purpose of renting. The majority of people renting are still doing so through landlords [...]
Uber offers discounts up to 50 per cent to celebrate opening of Elizabeth line May 23, 2022 Uber has announced it will offer discounted fares to celebrate tomorrow’s opening of the long-awaited Elizabeth line. Running for the first 500 trips on a first come first served basis, the ELIZABETHLINE promotional code will cover trips to Elizabeth line stations, including Paddington, Tottenham Court Road and Canary Wharf. “The Tube is an iconic part [...]
Jubilee Weekend: Cruise the Thames to toast her Maj May 23, 2022 One is not quite on the royal yacht – but I’ve certainly found my sort of gin palace as I board our hire boat to cruise the River Thames. To mark the start of the Queen’s Platinum Jubilee celebrations, I’ve joined a party on an eight-berth vessel to steer from Chertsey to Windsor, Her Majesty’s [...]
Germany open to EU ban on Russian oil imports that excludes Hungary May 23, 2022 Germany's Economy Minister has revealed his country could support an oil ban on Russian imports that excludes Hungary.
Nearly half of Brits are exclusively back in the office May 23, 2022 Nearly half of Brits are now working exclusively in the office, as the work from home buzz seems to fade for many.
