Luxembourg wine: Time to discover Europe’s forgotten sparkle July 2, 2021 We should be thinking more about Luxembourg wine. Wine production in the Grand Duchy has been in gentle decline since the late 1990s but the country that’s even smaller than Andorra is not giving up. The fifth generation of leading producer Bernard-Massard is celebrating its centenary this year and has launched a Chardonnay Pinot Noir [...]
US stocks reach record high after strong jobs report July 2, 2021 US stocks hit a record high on Friday after the Labour Department posted better than expected jobs figures. The blue chip S&P 500 gained 0.31 per cent, up to 4,333, while the tech-heavy Nasdaq added 0.43 per cent to hit 14,585, both record highs. US businesses embarked on a hiring spree last month as the [...]
Merkel: Double jabbed Brits will be able to visit Germany without quarantine in ‘foreseeable future’ July 2, 2021 Angela Merkel has today said British holidaymakers will be able to travel without quarantine to Germany in the “foreseeable future”, after previously indicating the opposite. Merkel said after a bilateral meeting with Boris Johnson today that recent “protective measures” at the German border were put in place when little was known about the Delta variant. [...]
US labour market roars back to life as firms hire 850,000 workers in June July 2, 2021 US businesses embarked on a hiring spree in June, with the American economy adding 850,000 jobs, new figures published today reveal. The sharp rise builds on May’s 583,000 increase, triggered by companies seeking to boost output to cope with surging demand. The gains in hiring blew away predictions by experts. Economists polled by Reuters had [...]
Ryanair traffic balloons to 5.3m in June as the green list calls travellers July 2, 2021 Ryanair’s traffic numbers have surged since the green list got the go-ahead, ballooning from 0.4m in June last year to 5.3m this month. There was also a clear traffic jump from May to June, climbing from 1.8m to over 5m just a month later. The pandemic and its restrictions have suppressed flight and passenger numbers [...]
Wizz Air passenger numbers triple in a year as the industry eyes recovery July 2, 2021 Wizz Air carried around 1.5m passengers this month, a welcomed change from the some 500,000 it ferried in June last year. The Hungarian airline is set to open a sixth Italian base in Naples, which offers passengers 18 new international and domestic routes, as the industry eyes recovery. Wizz Air has also confirmed two new [...]
Pound falls below $1.37 as US labour market rebounds sharply July 2, 2021 Pound sterling dipped below $1.37 today as the currency continued to fall against its American counterpart. Despite breaking the threshold, the pound was up slightly against the greenback in afternoon trading. The fall comes as strong US payrolls data published today indicates the American economic rebound from the pandemic is gathering real pace. Businesses hired [...]
Let’s take a look at the world of crypto exchanges July 2, 2021 Alex Lightman delves into the world of crypto exchanges, explains how they work and the role they play in our use of cryptocurrency.
Glencore ‘in talks’ with GFG over refinancing aluminium business July 2, 2021 Sanjeev Gupta’s GFG Alliance is reportedly in talks with commodities giant Glencore over refinancing debt at its European aluminium business Alvance. The metals tycoon is scrambling to refinance his business after the collapse of main lender Greensill in March. The FT reported that Glencore and GFG were in discussions over refinancing $500m of debt at [...]
Dele Alli-backed esports firm Excel raises £17m from City investors July 2, 2021 Excel, a British esports franchise endorsed by Tottenham Hotspur footballer Dele Alli, has secured millions of pounds in funding from some of the City’s biggest investors. The rapidly growing gaming organisation, which competes in the League of Legends and Fortnite divisions, today announced a £17m funding round. JRJ Group, which bought a minority stake in [...]
