Cost of living crisis to throttle UK economic growth, IMF warns April 19, 2022 A historic cost of living crunch that is being stoked by Russia’s invasion of Ukraine and strict lockdowns in China will disrupt Britain’s road to recovery, fresh forecasts published today by the world’s economic watchdog revealed. UK households are set to slash spending in response to rampant inflation eroding their living standards rapidly, choking growth [...]
Ashes to rise to the top for Lui ahead of Sixty’s Champions Day showdown April 19, 2022 FRANCIS Lui faces an all-important week, and the 63-year-old trainer will be hoping that any success at Happy Valley can act as a springboard for stable superstar Golden Sixty, as he seeks to defend his Champions Mile crown against heir apparent California Spangle on Champions Day at Sha Tin on Sunday. Lui has consistently fired [...]
Purton can maintain championship lead in battle of the Big Two April 19, 2022 JOCKEY Zac Purton can be relied upon to maintain his narrow advantage over arch-rival Joao Moreira in the race for the Jockeys’ Championship when a nine-race programme gets underway at Happy Valley today. A winning treble at Sha Tin last Saturday saw Purton leap to the top of the table by one winner over Moreira, [...]
Oil prices plummet as demand dips and inflation runs rampant April 19, 2022 Oil prices dropped amid growing expectations of reduced demand, with the IMF cutting its economic growth forecasts.
The City View: Michael Hewson on Germany’s Russian energy oversights and Merkel’s legacy April 19, 2022 Today Andy Silvester talks to Michael Hewson, Chief Markets Analyst at CMC Markets. They go through the latest IMF forecasts, which included downgrades and the worst growth forecast in the G7 for the UK; Germany’s exposure to energy price fluctuations, the mounting pressure to reduce its dependency on Russian oil and gas, and Angela Merkel’s [...]
Crypto mining could help Russia evade sanctions, IMF warns April 19, 2022 Crypto mining could enable sanctioned Russians evade punitive restrictions researchers from the International Monetary Fund said.
Hasbro warns of price hikes on the horizon as demand for Dungeons & Dragons soars April 19, 2022 Toy maker Hasbro has warned it will have to hike prices even more to offset other rising costs. The Action Man maker said it was anticipating a potential revenue hit of some $100m this year after it suspended toy shipments to Russia. Hasbro said it would hike prices mid-year and was trying to mitigate supply [...]
Twitter for sale? Private equity giant Apollo joins bid for social media firm April 19, 2022 Private equity powerhouse Apollo is participating in a bid for Twitter as the hostile takeover by Elon Musk lingers on.
Deliveroo bosses face prison sentences following worker status abuse April 19, 2022 Two former Deliveroo bosses were handed suspended one-year prison sentences by a French court this morning after abusing the freelance status of riders working for the takeaway delivery firm. They were also fined €30,000, with the company receiving the maximum penalty of €375,000. A Deliveroo spokesperson said that whilst it “categorically rejects this judgement”, they [...]
Elizabeth line to cut journey times in half April 19, 2022 Elizabeth line services are expected to connect the whole of London east to west, cutting journey times in more than half. Set to open in the next few weeks, the first chunk of the line, from Abbey Wood to Paddington, will see services between Abbey Wood to Paddington take 29 minutes instead of 55, while [...]
