Crypto market rocked by FTX near-collapse November 9, 2022 The cryptocurrency market has plunged in value today as it reels from the near-collapse of one of the biggest exchanges, FTX, last night.
Siemens bids £3.5bn for troubled wind unit as it combats Chinese imports November 8, 2022 Siemens Energy has tabled a £3.5bn bid to snap up the remaining third of shares it does not own in its troubled wind energy unit.
FTSE 100 knocked by Beijing’s zero-Covid commitment November 7, 2022 London’s FTSE 100 today was weighed down by market sentiment softening after Chinese authorities committed to strict measures to contain Covid-19 breakouts over the weekend. The capital’s premier index dropped 0.48 per cent higher to 7,299.99 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Britishvolt: We did not enter the EV battery market ‘in a race to the bottom’ November 7, 2022 Beleaguered battery darling Britishvolt has said that comparing the price points for Chinese and British electric vehicle (EV) batteries is like “comparing apples with pears and not a fair reflection”. The firm responded to claims made by an unnamed potential customer, quoted in The Telegraph yesterday, that its lithium-ion batteries were up to a third [...]
Nervous markets scratch their heads over lockdown pain due to confusing China Covid policy November 7, 2022 Despite a big relief rally at the back end of last week, US markets still couldn’t reverse the losses of the previous three days, closing lower for the first time in three weeks, although for European markets it was a somewhat different story. The DAX finished higher for the fifth week in succession, posting its [...]
The West faces copper crisis as China dominates key markets November 7, 2022 The West has fallen behind rivals such as China in the race to secure copper supplies, warns a leading expert.
Cutting edge tech rarely sits still, so why is ESG slowing things down? November 2, 2022 Dr Chris Kacher turns his attention to energy consumption in world economics and what effect ESG is having on progress.
Sunak must bet big on our semiconductor industry – or we’ll lose out to competition November 2, 2022 Rishi Sunak’s in-tray is overflowing with crises: from the cost of living to supporting Ukraine, from settling the UK’s long-running dispute with the EU about Northern Ireland to the fate of his controversial home secretary. But the prime minister also needs to address long-running issues which his predecessors have neglected. Among these is how to [...]
All eyes on the EU as ECB faces ‘nightmare scenario’ of record inflation and need to hike rates again October 31, 2022 Last week was the fourth successive week of gains for equity markets in Europe as well as the US, despite some high-profile earnings misses. It’s been particularly notable that while there were some notable earnings misses, especially in the tech sector, by and large the more traditional areas of the market have performed better. “While [...]
City Moves: Who’s switching jobs in the Square Mile this week? October 27, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. InMotion InMotion Ventures, the venture capital arm of Jaguar Land Rover, has appointed a managing director as part of the firm’s latest innovation strategy. Mike Smeed, who will oversee investment in mobility start-ups, joins from Chery [...]