Covid recovery: IMF predicts UK economy to grow fastest of all G7 nations July 27, 2021 The UK economy is set to recover much faster than expected from the Covid crisis as a resurgence in consumer spending and the success of the vaccine rollout boosted official forecasts. According to the International Monetary Fund’s latest World Economic Outlook report, the UK economy will expand seven per cent this year, a sharp increase [...]
Converted: London Jehovah’s Witnesses HQ to start new life as film studio July 27, 2021 The former headquarters of the UK Jehovah’s Witnesses in north London will be given a fresh start as a film and TV hub in a bid to tap into surging demand for studio space. Flexible workspace firm Purpose has snapped up the 200,000 square feet site in Mill Hill and plans to transform it into [...]
Return to pub trumps return to work for Brits in first week since Freedom Day July 27, 2021 Freedom Day’s easing of restrictions on 19 July sparked a return to drinking holes and restaurants for more Brits last week than it did a return to the office, according to new data tracking average footfall. Overall hospitality footfall in the UK now stands at 80 per cent of pre-Covid levels, and the lifting of [...]
House prices to surge another £50,000 over next five years July 27, 2021 House prices are expected to surge another £50,000 over the next five years, further reducing affordability in the UK property market, according to new forecasts published today. Estate agent Savills predicts house prices will jump nine per cent this year, driven by the extended stamp duty holiday and prospective buyers rushing to purchase larger homes [...]
Big Tech earnings: What to expect this week as tech titans report July 27, 2021 Wall Street is gearing up for a slew of Big Tech earnings this week with Apple, Amazon, Facebook, Google and Microsoft all set to deliver figures for their latest quarter. Twitter and Snap kicked off proceedings by smashing expectations last week, raising hopes that a post-pandemic advertising rebound will boost other platforms. Tesla also shrugged [...]
EP: 75 Glorious Goodwood – Wednesday & Thursday July 27, 2021 Trainer Jim Bolger joins us for an exclusive interview on today’s podcast as Poetic Flare looks to keep his amazing winning season on track in the million pound Sussex Stakes on Wednesday at glorious Goodwood. We also preview Thursday’s card with Lady Bowthorpe’s trainer William Jarvis who discusses her chances of victory in the Group [...]
China’s industrial profit slows as material prices soar July 27, 2021 China’s industrial firms have seen their profits slow in recent months, as raw material prices put pressure on factories. Recovery post-coronavirus in the industry has seen weaknesses in higher materials prices and hits to global supply chains. Year-on-year profit for Chinese industrial firms climbed 20 per cent in June to 791.8bn yuan (£88.5bn), according to [...]
Tony Abbott predicts UK will block Chinese purchase of Welsh chip factory July 27, 2021 Former Australian Prime Minister Tony Abbott has predicted that the UK will block the takeover of the country’s largest chip manufacturer by a Chinese-owned firm. Abbott, who is also on the UK’s Board of Trade, told a virtual event today that the sale would be blocked if it happened in Australia and that Boris Johnson [...]
Elon Musk’s Twitter antics pushes Tesla’s $23m loss in Bitcoin assets July 27, 2021 Tesla’s lofty revenue, which surpassed analyst expectations today, has been offset by a $23m loss over Bitcoin which pushed the electric carmaker to dial back its investments. Elon Musk’s carmaker did not buy or sell any digital assets in its second quarter, as it dialled back investments after purchasing some $1.5bn in Bitcoin in the [...]
Former PM calls Australia’s vaccine rollout a ‘colossal failure’ July 27, 2021 Former Australian Prime Minister Malcolm Turnbull has criticised the Australian government’s vaccine rollout as “the biggest failure of public administration” he can recall to date. Speaking to the BBC, Turnbull said the Australian government failed to secure enough Covid-19 vaccinations: “It was a colossal failure, and the problem is you can’t wind the clock back [...]
