Biden asks Democrats for support over $1.75tn spending framework – CityAM : CityAM October 28, 2021 US President Joe Biden has announced he had secured a $1.75tn spending framework to invest in the economy and climate change. Biden expressed his confidence in the plan, saying it could win the backing of all Democrats and pass the Senate, Reuters reported. “Today I’m pleased to announce after months of tough and thoughtful negotiations, [...]
Shell hits back as activist Loeb calls for breakup October 28, 2021 Under-fire energy giant Shell yesterday shot down suggestions from US hedgie Daniel Loeb’s Third Point that it should split up its divisions. CEO Ben van Beurden warned the activist intervention could derail the FTSE major’s climate transition plans. His defensive move follows Third Point acquiring a $750m majority stake in the company, while pension fund [...]
All countries to be removed from red list confirms Shapps October 28, 2021 Transport secretary Grant Shapps has confirmed that all remaining countries on the UK Government’s red travel list will be removed from 1 November at 4am, putting an end to quarantine hotels. The list – which was amended on 7 October – included Colombia, the Dominican Republic, Ecuador, Haiti, Panama, Peru and Venezuela. “We can also [...]
Bank of England mulls regulatory shake up to manage climate risks October 28, 2021 The Bank of England has taken a step closer to imposing stricter rules on banks to ensure they step up their preparedness for climate change. The Old Lady’s Prudential Regulation Authority (PRA) said today it is mulling a shake up of capital buffer structures to manage the potential risks of global warming. It will publish [...]
Marvel’s big budget Eternals is a missed opportunity October 28, 2021 After a farewell to Black Widow, and a triumphant debut for Shang-Chi, Phase 4 of the Marvel Cinematic Universe forges ahead with Eternals. The MCU’s trickiest proposition yet has the task of introducing a new team and a new world to the established order. At least with Nomadland’s Chloe Zhao behind the camera, this new [...]
Ryanair to refund passengers after public mishaps October 28, 2021 Ryanair has announced it will start refunding customers of cancelled flights within five working days. Part of a company campaign to improve its image, the measure was set after the Dublin-based carrier held its first customer panel meeting in September, when customers all over Europe met with senior management to provide recommendations on customer service. [...]
Budget 2021: Government freezes Isa allowances as inflation comes down the track October 28, 2021 Isa and Junior Isa spending limits will be frozen at their current levels until at least 2023 under the Treasury’s Autumn budget plans, in a move that could hit investors with tax and harm savers if inflation begins to multiply further down the line. Chancellor Rishi Sunak outlined the annual payment limit for adult Isas [...]
China avoids big climate commitments ahead of COP26 conference October 28, 2021 China will aim to hit peak greenhouse gas emissions by 2030. The world’s biggest energy emitter has relesed its climate change blueprint ahead of the COP26 climate summit in Glasgow. In 2019, the country was repsonsible for 27 per cent of greenhouse gas emissions, according to research from the Rhodium Group. Its new roadmap includes [...]
Top Dog: Shiba Inu takes on Dogecoin after it cracks top 10 October 28, 2021 Shiba Inu coin has blasted its way into the top ten crypto currencies with a market cap of $40bn, briefly surpassing rival meme-coin Dogecoin. Shiba Inu’s price has exploded this year, up by 83m per cent in the past 12 months and 147 per cent just this week to make it the world’s tenth largest [...]
Budget 2021: Sunak puts low tax conservatism to the sword October 28, 2021 Chancellor Rishi Sunak will heap extra financial pain on households across the UK as he puts low tax conservatism to the sword. Sunak’s wave of spending will lay the groundwork for a permanently more punitive tax regime that will intensify the cost living crisis, leaving Brits “worse off in the short term”, the Institute for [...]
