Oil rally drums up expectations with analysts forecasting $100 prices January 19, 2022 OANDA's senior analyst Craig Erlam has told City A.M. oil prices could reach $100 per barrel during the first quarter this year.
Bank of England target never been further out of reach as inflation accelerates to 30-year high January 19, 2022 The Bank of England has never been further away from its legal inflation target, revealed official figures released today. Spiralling inflation has heaped further criticism on the Bank’s decision to keep rates at record lows while UK inflation was taking off after the country emerged from the most onerous Covid-19 restrictions. The cost of living [...]
New laws proposed to strengthen UK’s fight against cyber crime January 19, 2022 New laws are needed to drive up security standards in outsourced IT services used by almost all UK businesses, the government has said this afternoon.
Growing 5G panic prompts more airlines to cancel flights to US January 19, 2022 Several airlines including Lufthansa and British Airways (BA) have either cancelled or rescheduled their flights to the US as a result of concerns over today’s roll out of 5G services across the country. In addition to cancelling a flight from Frankfurt to New York, the German carrier and its subsidiary Austrian Airlines swapped aircraft, with [...]
Telecom Italia shares slide as it edges further away from KKR’s £9bn takeover bid January 19, 2022 Telecom Italia shares have fallen for a second day straight today following an internal meeting to revamp the former phone monopoly, signalling that the takeover by the US fund KKR remains up in the air .
Singapore crypto ATMs shut down amid regulatory clampdown January 19, 2022 Crypto ATMs in Singapore are being closed down as the city-state moves to curb digital asset advertising and public access.
Ford gains $8.2bn from Rivian investment January 19, 2022 Automotive giant Ford has made an $8.2bn gain from its investment into California electric truck maker and Tesla rival Rivian, following its November market debut. Reporting its fourth quarter results in early February, the Detroit car maker has also announced it would reclassify a $900m non-cash gain from the investment as a special item. As [...]
Shop staff fear abuse and Covid infection after government ‘flip-flopping’ on mask policy January 19, 2022 Retail workers have called on the government to reconsider its plans to scrap the requirement for shoppers to wear face masks. Prime Minister Boris Johnson announced the end of England’s plan B Covid restrictions yesterday. Mandatory mask rules will be scrapped next Wednesday. Retail trade union the Union of Shop, Distributive and Allied Workers (Usdaw) [...]
Chip industry revenue tops $500bn for the first time amid roaring demand January 19, 2022 Revenue in the global chip industry soared 25 per cent last year, exceeding an eyewatering $500bn for the first time on record, according to new data. A combination of strong demand amid a short supply and the inflation of raw material costs has pushed up the average selling price for semiconductors, Stamford-based research services company [...]
Blockchain in emerging economies is one of the world’s most exciting markets January 19, 2022 Crypto AM columnist Dr Jane Thomason details why the world of blockchain in emerging economies is so important.
