G7 states pumped $42bn more into oil and gas than renewables last year, analysis finds June 2, 2021 Countries within the G7 have channelled $189bn into oil, coal and gas in the last year, despite promises of a green recovery, new analysis has revealed today. Ahead of the UK hosted G7 summit in Cornwall next week, the analysis has also shown that between January 2020 and March 2021, the UK, US, Canada, Italy, [...]
Wizz Air crashes to €576m annual loss as it waits for Covid recovery June 2, 2021 Wizz Air crashes to €576m annual loss as it waits for Covid recovery
Shark bait: Elon Musk tweet sends Baby Shark shares soaring June 2, 2021 Shares in a major investor in the company behind Baby Shark soared today after Elon Musk took to Twitter to say the viral kids’ song “crushes all”. Samsung Publishing saw its shares climb as much as 10 per cent following the tweet to their highest level in more than a month. The South Korean company [...]
Zoom boss says home working is here to stay as app hikes forecasts June 2, 2021 The shift to home working will be a permanent change to working habits, the boss of Zoom has said, as his company hiked its forecasts for the full year. “Work is no longer a place, it’s a space where Zoom serves to empower your teams to connect and bring their best ideas to life,” said [...]
Save the quintessential British pub by lowering beer duty, MPs urge June 2, 2021 A cross-parliamentary group of MPs has urged the government to reduce tax burdens on pubs and brewers, to help them get back on their feet after a particularly difficult year for hospitality. The All-Party Parliamentary Beer Group (APPBG), which is made up 16 MPs from various parties, has urged the government to consider lowering duty, [...]
Food could be about to get more expensive after more muted price falls in May June 2, 2021 Prices in shops fell again in May, as bargain hunters benefitted from lower prices, however price rises could be on the cards in the near future, the BRC has warned. Shop prices fell 0.6 per cent year-on-year last month, marking the slowest rate of price declined since February 2020. On average, in the last six [...]
Longer lockdown based on hypotheticals would come with serious economic costs June 2, 2021 The penny is finally beginning to drop. The health service’s focus on giving absolute priority to the treatment of Covid-19 generates costs and problems on a massive scale. Chris Hopson, chief executive of NHS Providers, has warned of the huge pressures on the NHS from the backlog of non-Covid cases. Many of these are life-threatening [...]
British farmers should stop fearing a UK-Australia trade deal and learn to take competition in their stride June 2, 2021 Britain is on the cusp of a trade deal with Australia, set to be finalised by early June. Concerns from farmers, however, have dominated the discourse amid fears over what an influx of cheaper imports could mean for them. It is vital the deal is not derailed and watered down in the face of these [...]
Audit reform – Two minds are better than one June 2, 2021 The UK might not have won Eurovision 2021, indeed it suffered the humiliation of scoring nil points, but it has certainly led the current race on audit and wider corporate governance reform. The Department of Business, Energy and Industrial Strategy (BEIS) issued its consultation ‘Restoring trust in audit and corporate governance’ in March with a [...]
Starmer says end of restrictions will let him ‘open up’ to the public in Piers Morgan interview June 1, 2021 Sir Keir Starmer has claimed that the end of Covid restrictions will allow him to “open up” and show his true self to the electorate, after claims he is too stiff and robotic in public. When answering questions on his low personal popularity ratings, the Labour leader told ITV in an hour-long interview tonight to [...]
