Federal Reserve to press on with third 75 basis point hike after inflation overshoot September 13, 2022 The US Federal Reserve is set to hike the world’s most important interest rate by another historic amount to tame sticky inflation, Wall Street warned today. A hotter than expected inflation reading published today prompted a wave of economists to bet on the Fed lifting US borrowing costs 75 basis points for the third time [...]
Sam Torrance: Effortless Shane Lowry was star turn in perfect advert for European golf September 12, 2022 We saw the best of what European golf and the DP World Tour stand for at the PGA Championship on Sunday, but all the plaudits have to go to Shane Lowry. I was fortunate to be at Wentworth, where Lowry put on one of the finest exhibitions of golf that I have seen in a [...]
Meet the duo explaining the ‘dismal science’ 10 points at a time September 12, 2022 People think economics is boring. It’s all about finance. It’s all about money, they say. It’s tough to argue with them given the subject’s nicknamed the “dismal science”. But, two secondary school teachers are on a mission to change people’s minds about that. Peter Clift (Pete) and Gavin Simpson (Gav) and are the hosts of [...]
Shane Lowry wins PGA Championship after seeing off Rory McIlroy and Jon Rahm September 11, 2022 Shane Lowry declared himself “the happiest man in the world” after winning a curtailed PGA Championship at Wentworth on Sunday, and it’s probably safe to assume that DP World Tour chiefs were delighted with the outcome too. Lowry’s first title since hoisting the Claret Jug at Royal Portrush three years ago was a personal triumph [...]
Hospitality bosses slam government’s ‘drip fed support’ on mounting energy bills September 8, 2022 Hospitality leaders have said the government’s freshly announced energy bill support is a drop in the ocean compared to the mounting costs facing the sector. Prime Minister Liz Truss has revealed a six month scheme to support businesses, offering equivalent support as for households. The scheme will be reviewed in three months to see if [...]
Web3 will co-exist with centralised aggregators like Facebook, Twitter, YouTube et al September 8, 2022 Dr Chris Kacher explains how he believes Web3 will allow property to smoothly transition across centralised platforms.
Pound sinks to lowest level against US dollar since 1985 September 7, 2022 The pound today sunk to its lowest level against the US dollar since 1985, driven by investors sweating over the health of the UK economy and a borrowing splurge. Sterling fell to $1.1406 briefly today, marking another dismal milestone for the currency. The last time the pound fell that low was when Margaret Thatcher was [...]
Tasting rare 16-year-old beef at Meatopia food festival September 7, 2022 Thick wafts of smoke cover me in the sweet smell of resin and meat. The translucent shapes of the fumes drift skywards from more than a dozen barbecue grills. I’m at Meatopia on the top floor of Regency-era warehouse Tobacco Dock, a fitting name for the sight I see around me. Halfway along the top [...]
Weekend Read: As the Pound crashes to record low, what can be done to halt Sterling’s freefall? September 4, 2022 City A.M. reported yesterday that the pound is on course to plunge to a record low against the US dollar, largely driven by the UK tumbling into a tough recession. Sterling is expected to drop to $1.05 by the middle of next year, but could fall close to parity with the greenback, according to consultancy [...]
Pound on crash course to record low against US dollar September 1, 2022 The pound is on course to plunge to a record low against the US dollar driven by the UK tumbling into a tough recession, City economists warned today. Sterling will drop to $1.05 by the middle of next year, but could fall close to parity with the greenback, according to consultancy Capital Economics. The downbeat [...]