After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Over two-fifths of Hong Kong migrants plan to start business in the UK July 19, 2021 The UK could be set for an entrepreneurial boost from an unlikely source – with almost half of wealthy Hongkongers coming to the UK set to start their own businesses. According to UKHK.org, a charity supporting Hongkongers in the UK, a new survey of Hongkongers found more than half (52.1 per cent) have or intend [...]
HSBC reopens all branches and offices in England from today July 19, 2021 HSBC said this morning it has reopened all of its bank branches and offices in England today as the government lifts the remainder of Covid-19 restrictions. HSBC will also increase its building capacity to around 50 per cent of staff over the next few months. “I know many colleagues will be hugely excited to get [...]
Opec+ reach deal to ramp up oil production July 19, 2021 The alliance of oil producing countries have reached an agreement to ramp up oil supply. Opec+ will increase oil production by 400,000 barrels a day in a move expected to dampen soaring oil prices. As part of the deal, the group will reverse an existing cut of 5.8m barrels per day by September next year. [...]
Euro 2020: Pubs and restaurants reap rewards of England’s success July 16, 2021 Euro 2020 provided a windfall for pubs and restaurants as the country reached for pints whilst watching England reach their first final since 1966, new research released today shows. Latest spending data from Lloyds Bank shows spending in pubs and restaurants surged during Europe’s flagship men’s international football tournament, rising 52 per cent compared to [...]
‘Stable-coins’: Japan to join race to regulate digital currency July 16, 2021 Japan is gearing up its efforts to regulate digital currencies internationally, according to reports, as other economic powers race to push out their own, ‘more stable’, tech-based currency. It is a sign that the Japanese government, alongside other G7 states, fear that the growing popularity of digital currency could rattle current financial systems beyond repair, [...]
Lords: Bank of England has become “addicted” to quantitative easing July 16, 2021 An influential House of Lords committee has warned the Bank of England has become “addicted” to quantitative easing over recent years amid spiralling numbers. In a report penned by authors including former Bank Governor Mervyn King, the peers warned the Bank was not transparent enough around its decision-making and that the perception the Bank had [...]
Lenders set to increase interest-free periods on credit cards July 15, 2021 Households could be offered longer interest-free periods on credit cards over the summer, according to a survey of lenders. Banks and building societies also anticipate that mortgage availability to households will rise, according to the survey published by the Bank of England. The Bank’s Credit Conditions Survey is carried out every quarter to help it [...]
Mounting inflation could trigger early end to BoE’s bond buying July 15, 2021 An external member of the Bank of England’s monetary policy committee has warned that surging inflation could prompt the central bank to end its bond buying programme early. Michael Saunders said in a speech on Thursday: “if activity and inflation indicators remain in line with recent trends… options might include curtailing the current asset purchase [...]
Inflation to soar to four per cent, warns BoE deputy governor July 15, 2021 The deputy governor of the Bank of England has warned that inflation could soar as high as four per cent, double the Bank’s target. Sir Dave Ramsden said in a speech on Wednesday that he “wouldn’t be surprised to see the whole inflation rate potentially rising as high as four per cent for a period [...]
UK banks expect a rush of defaults in coming months July 15, 2021 UK banks expect defaults to rise over the coming months as households struggle to service debt taken on to cope with the financial pressures of the Covid crisis, new figures released today reveal. According to the Bank of England’s latest Credit Conditions Survey, banks expect default rates on unsecured lending – or credit card lending [...]