FTSE 100 today: London shares poised for quiet start amid lingering concerns over US rates, Middle East tensions April 18, 2024 The US stock market was volatile, with Wall Street notching its first four-day losing streak since the start of the year. Asia stocks were mixed, while oil and gold prices surged due to Middle East tensions. Australia's March employment data disappointed, with all eyes now on Netflix earnings for further insight.
Traders bet on Thames Water crisis contagion as firm races to agree survival plan April 17, 2024 Traders at major hedge funds are betting against the assets of British water companies amid fears over their levels of debt highlighted by the crisis engulfing Thames Water.
PwC Hong Kong denies claims about China Evergrande audits in anonymous letter April 16, 2024 PwC Hong Kong has denied claims set out in an anonymous letter circulating on Chinese social media about its audit work for property developer China Evergrande Group.
Hong Kong could become Asia’s crypto hub with Bitcoin and Ethereum ETFs April 16, 2024 After the weekend's volatility due to the increasing conflict in the Middle East, crypto saw some positive news coming from Hong Kong yesterday. Bitcoin and Ethereum spot exchange traded fund (ETF) applicants in Hong Kong posted on social media that authorities had approved their applications. The region will be the first in Asia to offer spot ETFs. Is this the beginning of Hong Kong’s crypto dominance?
Musk to cut 14,000 jobs at Tesla, saying ‘it must be done’ April 15, 2024 Tesla boss Elon Musk said: “There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry."
Samsung steals smartphone crown from Apple as Chinese rivals Huawei, Oppo and Xiaomi eat into market April 15, 2024 Apple's iPhone sales sagged 10 per cent in the first three months of 2024, while Samsung shipments also fell, but only by 0.7 per cent.
The Notebook: Carbon bounty hunting, the economics of ageing and a cancelled recession April 15, 2024 Kokou Agbo Bloua, SocGen's global head of economics, takes the Notebook pen to talk carbon bounty hunting and the economics of ageing.
FTSE 100 today: London markets brace for lower start amid Middle East geopolitical turmoil April 15, 2024 Asian stocks fell amidst Middle East tensions post Iran's attack on Israel, while gold rose as a safe haven. Oil and Bitcoin saw declines. Investors are watching UK CPI, US retail sales, and earnings from Goldman Sachs, Bank of America, Blackstone, American Express, and Netflix.
Dr Martens sues Temu over use of trademark on Google search April 14, 2024 Dr Martens filed the legal action against Temu filed at the High Court last week over alleged trademark infringements.
Wingstop: How a fast food chain targeted at Gen Z is transforming London’s hospitality scene April 13, 2024 Owners of a fast food chain targeted at social media obsessed Gen Z, have said they plan to open up to 100 stores over the next five years, in a boost for Britain's ailing hospitality market