Hong Kong wealth fund suffers staggering losses as city economy falters May 3, 2022 Hong Kong’s wealth fund has suffered staggering losses in the first few months of this year, as the financial hub’s economy falters. The city’s GDP shrank four per cent in the first quarter of 2022, according to estimates published by Hong Kong’s census and statistics department on Tuesday. While the Exchange Fund, managed by the [...]
April was a shower, but the Bitcoin forecast for May is looking brighter May 3, 2022 Bitcoin, the largest cryptocurrency by market cap, continues to change hands for around $38,500 – roughly flat over the past three days.
‘Huffy liver sausage’: Ukraine’s envoy in Germany hits out at ‘unstatesmanlike’ Chancellor Sholz over refusal to visit Kyiv May 3, 2022 Germany’s chancellor has been accused of being a “huffy liver sausage” by Ukraine’s ambassador in Berlin, after the world leader refused to visit Kyiv. Olaf Sholz was criticised by the Ukrainian diplomat as relations between the two countries continue to sour – with disagreements over arms, oil and relations with Russia. The chancellor, who took [...]
CMA to allow Morrisons owner to sell 87 petrol stations to complete £7bn deal May 3, 2022 The UK’s competition watchdog has said it is poised to give a green light to the owner of Morrisons over selling dozens of petrol stations. The Competition and Markets Authority (CMA) has been probing Clayton, Dubilier & Rice’s £7bn takeover of the supermarket and previously raised competition concerns. The New York private equity firm also [...]
British factories lift prices at record pace as Ukraine war and China lockdowns send costs soaring May 3, 2022 Severe supply chain disruption caused by Beijing persisting with its zero-Covid tolerance policy and Russia’s war with Ukraine has sent British factories’ costs soaring at the quickest pace on record, reveals a closely watched survey released today. Shortages of raw materials and key components used by UK manufacturers due to normal trade flows being choked [...]
1 Minute Market Rundown – 3rd May 2022 May 3, 2022 Equities Hold InCrypto Consolidates April ended as much of the year has been with risk firmly on the backfoot. It has been the worst start for the S&P since at least 1993. Crypto didn’t have the best month either with both BTC and ETH down over 16% for the month. The driving force has been [...]
Employment tribunals linked to conditions such as autism, ADHD, dyslexia, and dyspraxia up by a third May 3, 2022 The number of employment tribunals relating to conditions such as autism, ADHD, dyslexia, and dyspraxia is up by a third in the last year. Increased awareness about ‘neurodiversity’ has led to an increase in diagnosis, and workers challenging employers on dismissals and conditions. Employment law firm Fox said autism diagnoses are up 787 per cent [...]
European Defense M&A: Ready to take off? May 3, 2022 European NATO members have often been criticized by the US for failing to meet their defense expenditure levels. But with the recent Ukraine conflict, is that all set to change? And how will this impact dense M&A in Europe? Under NATO guidelines, members are mandated to spend 2% of their annual economic output on defense. [...]
Letters: Cheap food costs us all May 3, 2022 [Re: Small businesses suffer unprecedented cost assault in sign of more economic woes, Monday 25] Amidst reports of swelling costs eating away at small businesses’ margins, agriculture has been particularly hard hit. Cheap food comes at a high price to the farming industry and now more than ever, farmers require the right kind of support [...]
Cut The Commute With These Remote Working Roles May 3, 2022 It may have taken a little bit of time for some of us to come around to the idea of remote and hybrid working, but the majority of office workers have seen the benefits by now. 77% of remote workers say they’re more productive when working from home and additionally, we tend to enjoy a [...]
