Oil prices wane as US races to secure deal over debt ceiling May 30, 2023 Both major oil benchmarks dipped this morning as fears over the sustainability of the US debt ceiling made investors more cautious.
Stars come out for Universal Peace Gala in Beverly Hills May 25, 2023 Tibetan Lama Shyalpa Tenzin Rinpoche left his mark on Beverly Hills with a star-studded global gathering promoting peace.
Analysis: Do Ford and Volkswagen stand a chance in battle for China’s electric market? May 25, 2023 Some of the world’s biggest carmakers have announced big plans to bolster their electric vehicle (EV) segments in China this year. Japanese carmaker Toyota announced major plans earlier this month to accelerate its EV push in China, on the back of a profit boost caused by an ease in the global chip shortage. Volkswagen, which has [...]
FTSE 100 close: NatWest lifts after government stake sale as Burberry and JD Sports bump London index May 22, 2023 London’s FTSE 100 started what will be a quiet week in decent style today, driven higher by investors piling into Britain’s largest retailers. The capital’s premier index jumped 0.21 per cent to 7,773.49 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged lower to [...]
FTSE 100 close: BT and Burberry slump to bottom of London index as easyJet regains ground May 18, 2023 London’s FTSE 100 kicked higher this today, driven by retailers offsetting a sharp sell off in BT shares after it said it will shed 55,000 workers over the next decade. The capital’s premier index jumped 0.25 per cent to 7,742.29 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
Why the network state is the next logical evolution to current forms of governance: Part 2… May 18, 2023 Dr Chris Kacher with his second instalment of 'The Network Web3/Blockchain/Money State' as he hails decentralisation.
Aston Martin share price soars after Chinese car giant Geely doubles stake to 17 per cent May 18, 2023 Aston Martin shares soared by more than 12 per cent this morning after Chinese automotive group Geely said it will increase its shareholding to 17 per cent with an investment of £234m. The investment will see Geely almost double its stake in the marque, becoming its third biggest shareholder, just behind Lawrence Stroll’s Yew Tree [...]
Let’s be honest, China won’t beat the West as it ignores the problems on its home turf May 18, 2023 The absence of free speech and political accountability has an economic impact in China. Beijing will stay important, but it won't surpass the West, getting older before it gets richer, writes Matthew Lesh
China soft data signals economic recovery running out of steam May 16, 2023 China’s April industrial output and retail sales growth undershot forecasts, suggesting the economy lost momentum at the beginning of the second quarter and intensifying pressure on policymakers to shore up a wobbly post-Covid-19 recovery. Tuesday’s batch of data, which also showed a further decline in property investment, adds to concerns about the outlook for the [...]
FTSE 100 close: Vodafone tumbles more than seven per cent after announcing 11,000 job cuts May 16, 2023 London’s FTSE 100 gave up gains today as fresh data yielded tentative signs that the UK workforce is rebalancing and telecoms giant Vodafone tumbled quickly. The capital’s premier index fell 0.34 per cent to 7,751.07 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was [...]