US stocks reach record highs as jobs market recovery gathers pace August 6, 2021 Wall Street opened higher on Friday to reach record highs after fresh data showed the US labour market is recovering from Covid at a faster pace than first thought. The S&P 500 and Dow Jones both hit record highs in morning trading on Friday. The former rose 0.08 per cent and the latter was up [...]
Wizz Air chief Váradi signs on for five more years after £100m bonus plan approved August 6, 2021 Wizz Air chief executive Joszef Váradi has today signed a new five-year contract with the Hungarian airline, a week after his whopping new bonus plan was approved by shareholders. With the exception of the bonus plan, which could see him take home a maximum of £100m, the other terms of Váradi’s deal remain the same. [...]
Businesses seek cover amid wave of discrimination lawsuits August 6, 2021 UK and US insurers are being flooded with requests for cover from businesses amid rising numbers of covid related discrimination lawsuits, it has been reported. According to Reuters, there have been 2,950 Covid-19 related employment lawsuits in the United States since the start of the pandemic, with health and safety, remote working and workplace discrimination [...]
Aussie rugby sevens team to undergo alcohol counselling after Tokyo bender August 6, 2021 Australia’s Olympic rugby sevens team will have to undergo alcohol counselling after a string of booze-fuelled incidents in Tokyo. After several days of partying, things came to a head on the team’s flight back from Japan, for which the squad received an official complaint from Japan Airlines. According to reports, the team spent the 10 [...]
Festival insurance scheme ‘too little, too late’ for organisers of summer events August 6, 2021 Festival organisers have lamented after the government’s announcement of an insurance scheme comes “too little, too late” against a summer of cancelled events. The Treasury said costs associated with the cancellation of festivals, conferences and other live events due to Covid restrictions will be covered almost entirely by the government under a new £750m scheme. [...]
Tullett says GFI deal due within six weeks August 6, 2021 Tullet Prebon, the interdealer broker, yesterday said that it expects a planned merger with US rival GFI to be completed within six weeks, as it reported a 41 per cent growth in interim net profits, helped by volatile markets. Terry Smith, Tullett’s chief executive, said the company was focusing on the merger – which could [...]
Zola review – Twitter thread movie adaptation is full of suspense August 6, 2021 ‘Based on a true story’ is a common concept for movies, but how about ‘based on a Twitter thread’? In 2015, A’Ziah “Zola” King tweeted “Y’all wanna hear a story about why me & this bitch here fell out???????? It’s kind of long but full of suspense.” The subsequent thread become a viral sensation, described [...]
US jobs market recovery smashes expectations in July August 6, 2021 The US jobs market rebound is defying expectations and surging at a much faster pace than first thought, according to fresh data published today. The US economy added 943,000 jobs in July, helping to push down the unemployment rate 0.5 per cent to 5.4 per cent, the US Bureau of Labour Statistics said on Friday. [...]
BAE Systems wins £135m contract to upgrade Typhoon weapons systems August 6, 2021 BAE Systems has secured a new £135m contract to develop the Typhoon fighter jet weapons systems, it was announced today. The investment will support 100 high-skilled manufacturing jobs in the north-west of the UK. The FTSE 100 defence giant was awarded the contract by Eurofighter, the consortium behind the fighter jet. It is the most [...]
Oil prices on track to register worst week since March August 6, 2021 Oil prices are on track to register their worst week in five months despite clawing back losses on Friday. International benchmarks WTI and Brent Crude rose 1.1 per cent and 1.14 per cent to reach $69.87 and $72.13 respectively. Read more: Oil prices plummet after Opec+ end deadlock Traders have been spooked by the rapid [...]
