European Central Bank could be forced into 75 basis point hike to tame record inflation August 31, 2022 The European Central Bank could be forced to hike interest rates by a historic 75 basis points next week to tame the largest inflation surge on record, economists bet today. The monetary authority governing the 19 countries using the euro may have to respond strongly or risk elevated prices being embedded into the bloc’s economy [...]
Open champion Cameron Smith joins LIV Golf Series August 30, 2022 This year’s Open golf champion Cameron Smith has joined the Saudi Arabia-backed LIV Golf Invitational Series. The 29-year-old Australian who won at St Andrews this year will take part in the fourth event of the Greg Norman-backed league. Chilean Joaquin Niemann, Harold Varner III, Cameron Trimngale, Marc Leishman and Anirban Lahiri will also take part [...]
Chancellor Zahawi on US trip in effort to bang the drum for London finance August 30, 2022 Chancellor Nadhim Zahawi will embark on a US trip this week in an attempt to bang the drum for Britain’s post-Brexit financial future. Zahawi will visit the New York Stock Exchange and meet with senior global bank representatives with “the aim of setting the highest possible standard for global financial services co-operation between the two [...]
Fear is being weaponised against the good intentions of cryptocurrency August 29, 2022 Dr Chris Kacher explores how sowing the seeds of fear, uncertainty and doubt in different fields have a knock-on effect for cryptocurrency.
Sam Torrance: Rory McIlroy has never been better – and there’s much more to come August 29, 2022 Rory McIlroy’s FedEx Cup victory, clinched at the Tour Championship on Sunday, was the Northern Irishman at his very best. To bogey the first hole but still card a 66 that was enough to pip overnight leader and world No1 Scottie Scheffler was nothing short of magnificent. McIlroy himself remarked how proud he felt at [...]
Crypto market rocked by Fed chair’s hawkish speech, and total market cap drops below $1 trillion August 29, 2022 It was a rocky weekend for the digital asset space as the price of Bitcoin dipped below $20,000 for the first time since July.
London’s FTSE 100 struggles for direction ahead of Jackson Hole August 25, 2022 London’s FTSE 100 struggled for direction today driven by investors seemingly holding positions until central bankers signal at Jackson Hole how firm they will be with taming inflation. The capital’s premier index added 0.11 per cent to reach 7,479.74 per cent, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
World’s central banking elite gather in Jackson Hole amid darkening inflation clouds August 25, 2022 The world’s central banking elite are convening at the US Jackson Hole resort today with a bleak inflation backdrop looming over the annual event for the first time in decades. Chiefs of the US Federal Reserve and the Bank of England will deliver remarks that will be closely watched by investors for clues on how [...]
London’s FTSE 100 edges lower ahead of Jackson Hole August 24, 2022 London’s FTSE 100 edged lower today driven by investors fretting over how stern central bankers will be with tackling inflation. The capital’s premier index dropped 0.22 per cent to 7,471.51 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, inched down 0.01 per cent to [...]
The Gardener’s Cottage and The Lookout are the perfect restaurants for the last weekend of the Fringe August 24, 2022 The Edinburgh Festival is coming to an end but thousands of Londoners are set to descend upon the city for its final weekend. And while you come for the comedy, cabaret, magic, theatre and various other barely definable acts, it’s always worth booking a decent restaurant or two before you arrive. Let me introduce you [...]