US Fed chief Powell retires word ‘transitory’ to describe inflation December 1, 2021 US Fed Chief Jerome Powell said inflation would stick around for longer than hoped yesterday as a glut of global data suggested rising prices could slow the global recovery. Powell said yesterday it was time to “retire” the word “transitory” to describe the rapid pace of price hikes currently spiking the world economy. His shift [...]
Moderna CEO casts doubts on vaccine efficacy for Omicron Covid variant: Oil slumps and jittery Asian markets down November 30, 2021 Moderna CEO Stephane Bancel told the FT that existing vaccines would struggle with the Omicron variant and warned it would take months for pharmaceutical companies to manufacture enough jabs at a sufficient scale to make a difference. His tone contrasts with the likes of Pfizer and BioNTech, which had earlier suggested any new vaccine would [...]
Labour claims Boris Johnson’s Peppa Pig CBI speech may stop foreign investment into UK November 29, 2021 Boris Johnson’ bizarre speech to business chiefs at the CBI where he referenced Peppa Pig at length and lost his place for 20 seconds could jeopardise future foreign investment into the UK, shadow chancellor Rachel Reeves has said. Reeves said that “f***k business”, a quote attributed to Johnson several years ago at a private dinner, [...]
Three decade high inflation print will force US Fed’s hand, warns Goldman Sachs November 26, 2021 The US Federal Reserve will have to tighten policy much quicker than they want in order to hose-down runaway inflation, a leading Wall Street investment bank said yesterday. Goldman Sachs has bet on the Fed having to double the speed of scaling back its monthly asset purchases from January next year to and hiking interest [...]
Crypto is a revolution built on economic and social incentives November 23, 2021 Crypto is built on economic and social incentives that make good actors of the mass majority of participants because it is transparent, says Dr Kacher.
Generation Netflix: The weekly release could fall victim to our binge habit November 23, 2021 Much ado about, uh, something, stumbled one of Logan Roy’s goons as he tried to stall for time at the fictional shareholder meeting that would decide the fate of Waystay Royco. The machiavellian drama has been drip fed out to audiences like a doctor administering morphine really, really slowly. In contrast, the likes of Squid [...]
Powell secures Biden nomination to lead US Fed for second term November 22, 2021 US Federal Reserve chair Jerome Powell has today been recommended for a second four-year term to lead the central bank by President Joe Biden ending months of speculation over whether he would remain in the job. Powell has come under intense scrutiny while heading the world’s most influential central bank due to the Fed keeping [...]
Coffee prices soar as poor harvests hurt supply November 22, 2021 Coffee shops which have benefitted from the return of office workers are being hit hard by poor harvests in Brazil.
Udder Breakthrough: European watchdog approves methane-cutting cattle additive November 19, 2021 A new additive that could cut methane emissions from cattle by a third has been approved by the European Food Safety Authority (EFSA).
Mounting Bank of England rate hike speculation weighs on London markets November 16, 2021 Mounting speculation that strong jobs figures will coax the Bank of England into hiking interest rates next month weighed on London markets this morning. The capital’s FTSE 100 index pulled back 0.16 per cent to 7,340.28 points, while the mid-cap FTSE 250 lost 0.10 per cent to dip to 23,598.73 points. Experts are stepping up [...]