A sea of tranquillity for crypto markets, but are stormy waters ahead? June 7, 2021 The talk of the crypto town continues to be whether the big Bitcoin bull run is over, but those looking for decisive evidence either way this weekend will have been sorely disappointed.
Bezos Lightyear: Amazon founder set for space June 7, 2021 Amazon founder Jeff Bezos will join the winner of a competition on Blue Origin’s first human spaceflight, with 20 July the target launchdate. Writing on Instagram, the world’s richest man said that he and his brother Mark would join the winner of an auction on New Shepard’s first suborbital sightseeing trip. Bidding for the final [...]
City A.M. TV: A Market Snapshot June 7, 2021 US non-farm payrolls once again demonstrated their ability to move markets.
Inflation could reach three per cent this year, says Janet Yellen June 7, 2021 The US Treasury Secretary has said inflation could reach as high as three per cent this year as the economy rebounds from the worst of the pandemic. “We have in recent months seen some inflation, and we — at least on a year-over-year basis — will continue, I believe through the rest of the year, [...]
London’s launch of e-scooters in the Square Mile to be postponed until July June 7, 2021 The launch of London’s e-scooter rental trial today is set to be delayed across the Square Mile as the City Corporation has postponed its involvement until July. The City Corporation, the local authority for the Square Mile, said it would not be joining the scheme until 5 July, apparently due to administrative setbacks rather than [...]
‘Stablecoin’ payments must be regulated like banks, says Bank of England June 7, 2021 The Bank of England has said payments made with ‘stablecoin’ should be regulated in the same way as payments made by banks if they become widely used. Stablecoins are a type of cryptocurrency usually pegged to a traditional currency and thus are intended to avoid the volatility usually associated with crypto. “The prospect of stablecoins [...]
Warm weather and half-term tempts shoppers back to the high street June 7, 2021 The number of shoppers in retail destinations rose by 11.6 per cent last week, with a combination of warm weather, a bank holiday and half-term tempting punters back to the high street. The number of shoppers on the high street rose by 17.4 per cent last week, according to the latest data from Springboard, while [...]
Walmart backed Indian e-commerce site Flipkart looks to raise $3bn ahead of IPO June 7, 2021 Indian e-commerce giant Flipkart, which is controlled by Walmart, is looking to raise $3bn from SoftBank and other investors as the e-commerce market swells. Targeting a valuation of an eyewatering £40bn, Flipkart will also rally several sovereign wealth funds, Bloomberg first reported. According to one of the sources involved in the private discussions, who opted [...]
Ascot partners up with insurance broker Howden June 7, 2021 Howden has partnered up with Royal Ascot as the insurance broker solidifies its relationship with the sport of King’s. The deal includes extensive on-course advertising for the festival, and will last for five years. This year’s Royal Ascot will be part of the Government’s trial events programme, with attendees able to eschew some of the [...]
Number of Uber UK rides back to pre-pandemic levels June 7, 2021 Uber this morning said that the number of rides booked by UK users has now returned to pre-pandemic levels. The ride-hailing app said that the loosening of restrictions on hospitality venues had been the main driving force behind the return of demand. Most of the trips currently being taken are in the evening, Uber added, [...]
