Boris Johnson has sown dangerous ambiguity over Covid rules with mixed messaging for Freedom Day July 14, 2021 Sixty years ago, Daniel Ellsberg, as a graduate student at Harvard, wrote a now-seminal paper on behavioural economics. The conclusions of “Risk, ambiguity and the Savage axioms” pose a fundamental challenge to the conventional economic model of rational choice, as well as the Government’s current Covid strategy. Despite its seemingly esoteric nature, an experiment carried [...]
Podcast: CIO of PwC Canada on how the Big Four firm adapted to the COVID-19 pandemic July 14, 2021 Craig Brice CA, Chief Information Officer at PwC Canada, joins Indy from Toronto to discuss how the Big Four firm adapted to the COVID-19 pandemic, the lasting effects the pandemic will have on technology and his predictions for key trends in emerging tech. Listen now on Spotify, Apple podcast, Soundcloud or the ICAS website. Craig started his career as a [...]
Workplace gender parity pushed back four years by Covid-19 pandemic July 14, 2021 UK workplaces are failing to make progress in gender diversity, with the Covid-19 pandemic pushing representation in executive positions back by four years. Diversity consultancy The Pipeline said career prospects for women were “desolate” in its annual assessment of gender diversity in FTSE 350 companies. The predicted year for gender parity in the UK was [...]
Go-Ahead to make all buses and trains net zero by 2035 July 14, 2021 Go Ahead Group will run all 5000 of its buses and all of its trains on electric or hydrogen power by 2035, the firm announced this morning. Under the new plan, the FTSE 250 firm will cut emissions from its operations 75 per cent by 2035, and to net zero by 2045, five years ahead [...]
History tells us there will be buy signals for Bitcoin investors July 13, 2021 Mixing it the metaverse, Dr Chris Kacher reassures investors that history dictates there will be visable buy signals.
UK lenders urged to maintain support for businesses and households July 13, 2021 The watchdog of Britain’s financial system urged the UK’s largest lenders to maintain support for businesses and households today. The Financial Policy Committee said in a report published on Tuesday that it “continues to judge that it is in the collective interest of banks to support viable, productive businesses, rather than to seek to defend [...]
Brexit: EU unlikely to throw doors open to UK financial services, says Bailey July 13, 2021 Andrew Bailey, Governor of the Bank of England, said on Tuesday he does not expect the EU to open the doors to UK financial services exports following Brexit. “On equivalence, I think it’s fair to say that nothing really has moved forwards” Bailey told a news conference today. Brussels has yet to decide whether rules governing the [...]
Cloud computing providers pose risk to financial stability – BoE July 13, 2021 Cloud computing providers could become a threat to financial stability and regulators need to crackdown on them to strengthen banks’ resiliency, the Bank of England warned on Tuesday. The Bank said some cloud computing providers can be secretive and could disrupt the normal functioning of the UK financial system. Read more: British SMEs exposed to [...]
US stocks jump despite surging inflation July 13, 2021 US stocks jumped on Tuesday morning despite data released today showing inflation in America rose at its fastest pace for 13 years. The blue-chip S&P 500 and the Nasdaq both hit record highs during the morning open, rising 0.12 per cent and 0.44 per cent respectively. Growth stocks helped to lift the indexes as they [...]
Land Sec eyes £500m hotels disposal July 13, 2021 Land Securities, the largest commercial property developer in the UK, is gearing up to offload £500m of hotel assets from its portfolio. Several of the hotels that the firm could sell are in London, including its Hammersmith Novotel branch, which is valued above £50m. The preparations were first reported by React News. A Land Securities spokesman said: [...]
