After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Ex-chancellor Philip Hammond accused of lobbying the Treasury by watchdog September 2, 2021 A parliamentary committee has judged that former chancellor Phillip Hammond, breached lobbying rules. The Advisory Committee on Business Appointments (ACOBA) claims that by contacting a senior Treasury secretary on behalf of a bank he works for Lord Hammond broke committee guidance. Hammond defended the action in a letter to committee chair Lord Eric Pickles. He [...]
Huw Pill succeeds Andy Haldane as Bank of England’s chief economist September 1, 2021 The Bank of England has appointed Huw Pill as its new chief economist, ending a prolonged search for Andy Haldane’s successor, it announced today. Pill joins the Bank of England from Harvard Business School, where he has been a senior lecturer since 2018. Prior to teaching, he was Goldman Sachs’ chief European economist and has [...]
Britons save £7bn in July amid covid money worries September 1, 2021 Britons saved £7bn in July as concerns over Covid-19 and the pingdemic prompted people to hide away their cash. The jump in savings caused total funds deposited in bank accounts since the since the start of the pandemic to rise to almost £230bn, according to the Bank of England. A spokesperson for Hargreaves Lansdown, the [...]
Traffic chaos: Extinction Rebellion occupy London Bridge and BoE sites August 31, 2021 Traffic in the heart of London has ground to a halt as Extinction Rebellion (XR) activists stage occupations of key roads during the ninth consecutive day of protests. Helicopters could be heard overhead as Police blocked off London Bridge, the site of an Extinction Rebellion occupation where activists have glued themselves to a bus blocking [...]
Stamp duty taper triggers dip in mortgage approvals August 31, 2021 Mortgage approvals declined over the last month as the tapering of the stamp duty holiday deterred Brits from pushing ahead with homepurchases, according to official data published today. Data from the Bank of England shows there were 75,152 mortgage approvals in July, the first full month after the stamp duty taper, down from 80,272 in [...]
Calls for four more bank holidays on last national break before Christmas August 30, 2021 Union leaders are calling on the Government to create four new public holidays as workers enjoy the last national break before Christmas. The TUC said the eight bank holidays a year that workers in England and Wales are entitled to is much less than other countries. Workers in Scotland have 11 public holidays this year, [...]
Extinction Rebellion target the City, with Guildhall and StanChart doused in paint August 27, 2021 In the group’s fifth consecutive day of action Extinction Rebellion (XR) activists have vandalised Guildhall and the headquarteres of Standard Chartered. In a video shared on Twitter police could be seen clashing with protestors as the green rabble rousers painted red streaks and pressed handprints onto the bank’s main entrance. Activists also targeted the Guildhall. [...]
Digital Rupee: Trial confirmed as worldwide interest in digital currency grows August 27, 2021 The Reserve Bank of India has announced the start of trials for an electronic rupee amid growing international interest in digital currency. Yesterday, central bank governor Shaktikanta Das confirmed that trials could begin as early as December. “I think by the end of the year, we should be able to – we would be in [...]
Primark’s Oxford Street and Wood Green changing rooms to turn into pop-up Covid jab clinics this weekend August 27, 2021 Primark changing rooms at two London stores will become vaccination clinics this bank holiday weekend. Shoppers can turn up without an appointment and get a first or second dose of the Pfizer coronavirus vaccine, NHS England said. The popular clothing chain store has partnered with the NHS, Haringey Council and Westminster City Council to host [...]
Has Covid actually mattered to financial markets? August 27, 2021 The Covid-19 pandemic has clearly affected our daily lives and the well-being of the global economy. But the impact on financial markets has been less straightforward. Firstly, equities appear to have looked through the economic consequences of the virus. Last year, the Covid-19 crisis triggered one of the deepest recessions in history which saw global [...]