US businesses team up to oppose Biden’s tax rise proposals May 25, 2021 Business groups in the US have formed a coalition to oppose tax increase proposals by the Biden administration. The US government has proposed a global minimum corporation tax rate, as well as increasing tax payments in the US in order to pay for infrastructure projects. The tax proposals “could not come at a worse time”, [...]
FTSE 100 rebounds from five-week low while Wall Street extends recovery May 14, 2021 London’s FTSE 100 rebounded this afternoon as heavyweight financials stocks lifted the index after hitting a five-week low yesterday. The blue-chip index rose one per cent during afternoon trading, with software firm Sage adding 3.4 per cent after forecasting a year of growth towards the top end of its range. Read more: IPO: London commodities [...]
The City is the global gateway for financial flows post-Brexit, says Africa’s rising finance star May 13, 2021 With the focus of Brexit being on the relationship between the UK and EU, some in the City and beyond argue that not enough attention is given to the international impact of Brexit, specifically on Africa. With the removal of European market caps, there has been an increase in trade between the UK and Africa, [...]
Rishi Sunak: Wealthy will be spared from post-pandemic tax raid May 5, 2021 Wealthy families will escape a post-pandemic tax raid earmarked to boost the economy, Rishi Sunak has suggested, as the chancellor praised Britain’s already “very progressive tax system”. Sunak said yesterday that he is “cautiously optimistic” about an upswing in economic growth, as Brits prepare to spare pent-up cash alongside the relaxing of lockdown restrictions. Speaking [...]
Facebook to announce this week if it will permanently dump Trump May 3, 2021 Facebook will shortly decide on whether to uphold Donald Trump’s indefinite suspension from Facebook and Instagram after he was banned from the platforms earlier this year. Facebook’s independent oversight board will make a decision on May 5 whether to uphold the ban on the former US president on a permanent basis. In the first move [...]
Warren Buffett’s Berkshire bounds back from worst of pandemic May 1, 2021 Warren Buffett’s Berkshire Hathaway has said its results are rebounding from the worst effects of the Covid-19 pandemic, and that it has extended its aggressive stock repurchases with $6.6bn of new buybacks. First-quarter results suggest that the Omaha, Nebraska-based conglomerate that owns dozens of businesses, is through the worst effects of the pandemic, including the [...]
Crypto markets undergo brief correction after Bloomberg reports that Biden plans to double capital gains taxes for the rich April 26, 2021 Cryptocurrency markets undergo brief correction after Bloomberg reports that Biden plans to double capital gains taxes for the rich.
London stocks end the week lower despite strong economic data April 23, 2021 London’s blue-chip stocks were little changed on Friday but finished the week lower as growing concerns over a surge in global coronavirus cases eclipsed optimism from recent data pointing to a rapid UK economic rebound. The exporter-heavy index ended the session flat, with a fall in heavyweight energy shares and large dollar earning companies including [...]
Time to buy the dip, or have the crypto markets got further to fall? April 23, 2021 More than $400 billion has now been wiped off the cryptocurrency market over the last seven days – almost 20 per cent of its total value.
Why the going is about to get tougher for investing in climate change April 23, 2021 2020 was an extraordinary year for climate change action. Public opinion, governments, businesses and financial markets all had major shifts in their appreciation of the urgent need to address the climate crisis. More investment, research and development, and international collaboration will now come together to enable a faster transition to a net zero economy. While [...]