Ferrari dodges questions over CEO succession as profit slows February 2, 2021 Ferrari gave no indication on Tuesday of who it was lining up to replace Louis Camilleri as chief executive as analysts said the luxury carmaker appeared to be touching the brakes on its profit outlook. Italy’s ‘Cavallino Rampante’, or ‘Prancing Horse’, forecast that its adjusted core earnings would be between 1.45 billion euros ($1.7 billion) and [...]
Pfizer profit forecast gets a shot in the arm from successful Covid-19 vaccine February 2, 2021 Pfizer has increased its profit forecast on the Covid-19 vaccine, although sales are below expectations
Myanmar military seizes power, detains elected leader Aung San Suu Kyi February 2, 2021 (Reuters) – Myanmar’s military seized power on Monday in a coup against the democratically elected government of Nobel laureate Aung San Suu Kyi, who was detained along with other leaders of her party in early morning raids. Western nations condemned the sudden turn of events, which derailed years of efforts to establish democracy in the [...]
Report calls on Government and FCA to ‘consider consequences’ for BoE boss Andrew Bailey over LCF collapse February 1, 2021 The Treasury and Financial Conduct Authority (FCA) must consider what action to take against Bank of England Governor Andrew Bailey and two officials over their handling of LCF, the author of a report about the collapsed fund told MPs today.
Doner kebab top of the list for convicted Libor-rigger Tom Hayes after he’s freed from jail January 29, 2021 Doner kebab top of the list for convicted Libor-rigger Tom Hayes after he's freed from jail
Covid-19 pummels US economy in 2020; performance weakest in 74 years January 28, 2021 The U.S. economy contracted at its sharpest pace since World War Two in 2020 as the Covid-19 pandemic depressed consumer spending and business investment, pushing millions of Americans out of work and into poverty. The Commerce Department’s snapshot of fourth-quarter gross domestic product on Thursday also showed the recovery from the pandemic losing steam as the year wound down amid a resurgence [...]
Barclays boss Jes Staley: working from home ‘not sustainable’ as collaboration and culture take a hit January 26, 2021 Barclays boss Jes Staley says working from home 'not sustainable' as collaboration and culture take a hit
Martha Stewart’s got the munchies: Lifestyle guru selling CBD oil treats for pets January 26, 2021 Lifestyle guru Martha Stewart today launched a line of cannabis-infused oil drops and soft-baked chews for dogs
Italy Prime Minister Giuseppe Conte to resign tomorrow, as his coalition crumbles January 25, 2021 Italian Prime Minister Giuseppe Conte will hand in his resignation to the head of state tomorrow morning after a cabinet meeting to inform his ministers, Conte’s office said. The prime minister, who has been in office since June 2018, hopes President Sergio Mattarella will give him a mandate to form a new government with broader backing in parliament, [...]
Oil price slips on growing Covid-19 restrictions in China January 22, 2021 Oil prices fell today, weighed down by a build in US crude inventories and worries that new pandemic restrictions in China will curb fuel demand in the world's biggest oil importer
