After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Markets bet on Bank of England hiking spree in 2022 December 23, 2021 Traders are ramping up bets on the Bank of England going a hiking spree this coming year. The Bank will look through economic risks posed by the Omicron variant of coronavirus and lift rates above one per cent by the end of 2022, the first time that level has been breached since 2009 in the [...]
David Cameron: ‘Boris has always been able to get away with things’ December 23, 2021 Former prime minister David Cameron has said that Boris Johnson can often get away with things that others cannot, following a string of restriction-breaking and Tory sleaze allegations. The pair have moved in similar circles for some time, first meeting at the Bullingdon Club as young men, a private all-male dining club for Oxford University students. Cameron, [...]
Omicron: Risk of hospitalisation two-thirds lower, Scotland study suggests December 22, 2021 Early data from Scotland suggests Omicron is less likely to result in hospitalisations compared to Delta , says the University of Edinburgh.
West End calls for ‘tangible relief’ as footfall hit by Omicron messaging December 22, 2021 Footfall was down 27 per cent on 2019 levels in the West End yesterday, despite the crucial build up to Christmas. Although footfall was up 10 per cent compared with the previous week, businesses have struggled to see the Christmas shopping momentum they anticipated this year. The West End has been hit by messaging to [...]
Met refers itself to watchdog over Downing Street Christmas party scandal December 22, 2021 The Metropolitan Police has referred itself to a watchdog for police over how it handled an alleged Christmas party in Downing Street last year during Covid restrictions, according to reports. Baroness Jones, a member of the Green Party, submitted a complaint over the Met’s refusal to investigate reports of an unlawful Christmas gathering at No.10 [...]
Cash-stripped SoftBank turns to Apollo-led group for $4bn loan December 21, 2021 Japanese conglomerate SoftBank is turning to a group of investors led by private equity giant Apollo Global Management for a $4bn loan as it scrambles to recover its cash on hand after a series of portfolio setbacks. A group including Apollo, SoftBank’s insurance affiliate Athene Holding, and other investors including financial institutions, mutual funds and [...]
Boris Johnson rules out any further restrictions before Christmas December 21, 2021 The Prime Minister has confirmed that the government will not introduce any further Covid restrictions in England before Christmas, but cautioned that the situation remains “finely balanced” thereafter. In a video posted on Twitter from Downing Street, Boris Johnson delivered a message ensuring “people can go ahead with their Christmas plans” and said that the [...]
London markets whipsaw on Omicron curbs uncertainty December 21, 2021 A whipsawing in the likelihood of fresh restrictions to curb the spread of Omicron being imposed in England is generating wild swings on London markets. The capital’s premier FTSE 100 index closed 1.38 per cent higher today to reach 7,297.41 points, while the mid-cap FTSE 250 index, which is more aligned to the health of [...]
Omicron delivers ‘chilling’ blow to UK retail sales December 21, 2021 UK retail sales have slowed to a crawl driven by the emergence of Omicron chilling consumer confidence, according to new research published today. Retail sales growth slowed over the last year, rising eight per cent annually in December, down sharply from 39 per cent in November, according to the Confederation of British Industry (CBI). Brits [...]
Nike revenue hit as Covid factory closures bite but brand ‘increasingly confident’ December 21, 2021 Nike narrowly beat earnings expectations in its quarterly earnings report, after reporting pandemic-related supply chain challenges. In its earnings report for the second quarter, the footwear giant posted just a one per cent increase in revenue from a year before. It put this down to supply chain issues, including “lower levels of available inventory” because [...]