Team GB start Tokyo 2020 Olympics with a win as women’s footballers beat Chile – but favourites USA suffer shock defeat July 21, 2021 Team GB have made a winning start to the Tokyo 2020 Olympics after their women’s football team beat Chile 2-0. In a major shock elsewhere in the competition, world champions the USA lost their opening match 3-0 to Sweden. While the Games officially get underway on Friday, some events in Japan started today. Ellen White [...]
Online shopping frenzy to drive Royal Mail parcel volumes beyond pre-Covid levels July 21, 2021 Royal Mail has seen early signs that domestic parcel volumes are re-basing at a higher level than pre-pandemic as consumers continue to be gripped by an online shopping frenzy. Domestic parcel volumes have swelled by more than a third in comparison with pre-Covid levels, in the three months to June 2021. But compared with levels [...]
Spending watchdog chief calls for fiscal policy to be more nimble July 21, 2021 The head of the government’s spending watchdog has called for fiscal policy to be more “nimble”. Richard Hughes, chairman of the Office for Budget Responsibility, told the Treasury select committee today that policy “needs to be more alive to factors that might drive interest rates higher.” Read more: Covid: Government borrowing falls in June Hughes [...]
Next ups full-year forecasts as heatwave spurs Brits to summer shop July 21, 2021 British retailer Next is upping its full-year financial forecasts as consumers have flocked to stores in recent weeks to get their hands on clothing fit for the UK’s heatwave. The rosy outlook stoked confidence in investors as its shares rocketed in its early trading and held up highs of 8.2 per cent in the afternoon, [...]
Keir Starmer self-isolating after child tests positive July 21, 2021 Keir Starmer is the latest politician to go into self-isolation after one of his children has tested positive for coronavirus at lunchtime. “In line with the rules, Keir and his family will now be self-isolating,” announced a spokesperson for the Labour leader. “Keir was already doing daily tests and tested negative this morning. He will [...]
Space-tech: Billionaire Bezos’ flight to space to draw in starry-eyed investors July 21, 2021 Following Amazon boss Jeff Bezos’ 10-minute venture into space yesterday, space-tech investment may be set to rocket, space-fund boss Mark Boggett has said. Just last week Boggett’s space investment firm Seraphim Space listed on the London Stock Exchange after rallying £178.4m from starry-eyed investors in mid-July. “Branson, Musk and Bezos initially cracked open the [...]
‘Catastrophic’ backlog at driving license agency due to staff being put at risk July 21, 2021 A series of “catastrophic” decisions made at driving license agency the DVLA has led to 1.4m-long processing backlog, MPs heard today. Mark Serwotka, general secretary of the Public and Commercial Services Union (PCS), said that the decisions had also put DVLA workers at risk. He said that there had been 643 Covid cases at the [...]
Become your own bank: Crypto and self-sovereignty July 21, 2021 Financial experts with Zumo explain the concept of self-sovereignty and how to be your own bank.
NatWest chairman warns City will never return to pre-Covid state July 21, 2021 The chairman of one of the UK’s largest banks and former director of the London School of Economics has warned that the City will never return to its pre-Covid state. Sir Howard Davies, chairman of NatWest, said the days of thousands of workers flowing into the City for 8am – 6pm working days “are gone” [...]
Daimler warns chip shortage will wipe out first half sales boost July 21, 2021 Mercedes owner Daimler today warned that the global shortage of semiconductor chips would wipe out its impressive first half performance. In a statement announcing today’s second quarter results, the car giant said that sales would now be flat on 2020, rather than up as previously forecast. The German firm added that the supply crisis would [...]
