CMA green light: £28bn AstraZeneca and Alexion deal to close late July July 14, 2021 The UK competition watchdog has cleared vaccine maker AstraZeneca’s £28bn bid for rival Alexion, which has been confirmed to close on 21 July. First announced in December last year, the deal is intended to bolster AstraZeneca’s immunology capabilities by adding Alexion’s technology platforms. European Union regulators gave the deal the green light last week. Despite [...]
Powell: US inflation likely to run hot in coming months July 14, 2021 US inflation is likely to continue to run hot in the coming months, according to the Chairman of the Federal Reserve. US Federal Reserve Chair Jay Powell said in remarks prepared for the US House of Representatives Financial Services Committee that price rises “will likely remain elevated in coming months”, but will “moderate”. Read more: [...]
Creating a future of access to financial tools for everyone with MELD July 14, 2021 Crypto AM's James Bowater discusses MELD with chairman Ken Olling and CEO Hai Nguyen Quang.
Opec+ end deadlock over oil supply policy, says source July 14, 2021 The United Arab Emirates and Saudi Arabia have ended an impasse over Opec+ oil supply policy, sources said today. A deal was reached after the UAE’s baseline was increased to 3.65 million barrels per day from April 2022, the date when the current pact had been scheduled to end. The news was first reported by [...]
Sam Torrance’s Open Championship preview 2021: I’d love to see Lee Westwood emulate best mate Darren Clarke at Royal St George’s July 14, 2021 It’s the Open Championship this week: one of the best tournaments you’ll ever play, with history that is second to none. I have so many great memories of The Open, from scaling a lamppost on the last fairway of the Old Course at St Andrews, aged 10, to watch “Champagne” Tony Lema win the Claret [...]
Why more people are seeking residency abroad post-Covid July 14, 2021 It’s hard to take much in the way of positivity from the past 15 months or so, yet the circumstances thrust upon us have changed behaviours – or at least restrictions have accelerated such change. Amongst these is a compelling increase in the number of individuals seeking residency or citizenship in non-native countries. Yes, this [...]
Citigroup profits smash estimates as bank unlocks loan loss reserves July 14, 2021 US bank Citigroup smashed analysts’ estimates for second-quarter profits as the sharp American economic rebound allowed the bank to unlock a deluge of loan loss reserves. Net income surged to $6.19bn in the second quarter of this year, up sharply from $1.06bn in the same period last year. The banking giant’s profits were lifted by [...]
Loki Episode 6 review – thrilling conclusion to Marvel series July 14, 2021 *** WARNING: this contains spoilers for all episodes of Loki on Disney+ *** It’s the finale of Loki, the most mysterious and captivating of Disney+’s MCU shows. Last week saw a lot of running around, meeting new characters, and revelations about the TVA. For the final episode there are fewer set pieces, but an awful [...]
Bank of America revenue slides as rock-bottom rates squeeze income July 14, 2021 Revenues at Bank of America slid four per cent in the second quarter of this year, driven by rock bottom interest rates to ease the economic fallout from Covid eating in the banking giant’s net interest income. Overall revenue, net of interest expense, fell to $21.5bn, much lower than analysts’ estimates of $21.8bn. Read more: [...]
EU to ban petrol car sales by 2035 and slash aviation fuel tax exemption in massive climate push July 14, 2021 The EU today unveiled a huge package of climate-based reforms including an effective ban on the sale of new petrol and diesel vehicles from 2035. Under the proposals, the European Commission said it was targeting a 100 per cent reduction in emissions from cars by the middle of the next decade. In order to push [...]
