After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
UK unemployment rate shrinks faster than expected to 4.7 per cent August 17, 2021 The UK jobless rate shrank faster than expected over the last quarter as employers hired workers rapidly to cope with soaring demand triggered by the lifting of Covid restrictions, according to official figures published today. Latest data from the Office for National Statistics shows the unemployment rate dipped 0.2 per cent over the last quarter [...]
UK GDP soars in second quarter as Covid unlocking turbo-charges economy : CityAM August 12, 2021 The burst in consumer spending triggered by the gradual lifting of Covid prevention measures in April and May boosted the UK economy in the second quarter, according to fresh official data released today. Figures from the Office for National Statistics reveal the UK economy grew 4.8 per cent in the second quarter of this year, [...]
UK GDP up 4.8 per cent in second quarter : CityAM August 12, 2021 The UK economy grew at a rate of 4.8 per cent in the second quarter, data from the ONS said today, as the bounce back from the coronavirus pandemic continues. As a result, GDP is now 4.4 per cent below where it was in the last quarter of 2019, before Covid-19 struck. Also Read: PwC [...]
UK lobbying regulator investigating Philip Hammond August 11, 2021 Former chancellor Philip Hammond is being probed by the UK’s lobbying regulator, after contacting a Treasury official on behalf of a bank he was working for. The Office of the Registrar of Consultant Lobbyists is investigating whether Hammond should have disclosed his contact with senior Treasury mandarin Charles Roxburgh in July 2020. Hammond was contacting [...]
US inflation comes in hotter than expected in July August 11, 2021 US inflation come in higher than expectations in July and is still running above historic levels, according to official figures released today. US inflation hit 5.4 per cent annually in July, the same rate recorded in June, according to the US Bureau of Labor Statistics. Monthly inflation cooled to 0.5 per cent from 0.9 per [...]
Why you should break out the tweed for the Glorious Twelfth August 10, 2021 In Britain, 12 August – AKA the Glorious Twelfth – is the first day of the season for red grouse. This is not just tradition but law: read the Game Act 1831 for further details. It is a day of great excitement and activity on our vast grouse moors, so big they account for nearly [...]
David Cameron was paid £7.2m by Greensill Capital before collapse August 9, 2021 David Cameron was paid a total of £7.2m over a number of years by failed supply chain finance firm Greensill Capital before it went bust in March. Documents, uncovered by the BBC Panorama, have revealed this included £3.3m he received after selling his Greensill share options in 2019. Cameron has said in the past that [...]
London needs to work with cities around the country for economic recovery August 9, 2021 As Lord Mayor, I would normally have visited more than 20 countries over the course of the year, to promote partnership with the UK’s world-leading enterprises – mainly financial and professional services – and showcase our unique cultural offer. Since the start of the pandemic I have replaced these with over 2,500 video calls. It [...]
Weekend Read: We may be about to find out what shape the recovery takes August 7, 2021 Since the first cases of Covid-19 began to disrupt the global economy, economists have not been shy of predictions. V-shaped, L-shaped, even hockey-stick recoveries have all been on the table. We may be about to find out who was right. While output growth and economic activity are still historically strong, in developed economies, those indicators [...]
Private equity needs to start speaking up for itself – it could be the key to ‘levelling up’ August 6, 2021 Private equity’s reputation is once again in the spotlight. With the supermarket Morrisons in the industry’s crosshairs, the public memory is reminded of previous scandals involving other household names. The multi-billion-pound bidding war for a major employer, headquartered in the north of England, has understandably attracted the interest of ministers and opposition politicians sensitive to [...]