May bank holiday traffic: 17 million car journeys in ‘busiest weekend’ since 2016 April 25, 2023 Traffic levels are set to soar, with this weekend set to be the busiest since 2016, according to research conducted by the RAC and transport analytics firm Inrix. Over 17 million journeys will take place over the long weekend, beating the 14.6 million predicted for the King’s coronation, as Brits opt to watch the event [...]
Bitcoin could top £80,000 by next year, Standard Chartered says April 24, 2023 Bitcoin could surge to $100,000 by the end of next year as central bankers ease interest rates and a so-called “crypto winter” thaws, according to analysts Standard Chartered.
Human governance in the metaverse: Part One April 24, 2023 In part one of his examination of human governance in the metaverse, Dr Chris Kacher looks at 'the network state'.
Why central bank moves are pushing more people back to crypto April 24, 2023 The people in charge of the banks appear to have forgotten that inflation is a lagging indicator, says Temple Melville.
Sunak accused of ‘dither’ on decision to sack deputy PM Raab over bullying report April 21, 2023 Dominic Raab is determined to battle on as Rishi Sunak ponders whether to sack the Deputy Prime Minister after receiving a report into whether he bullied officials. After being accused of “dither”, the Prime Minister was taking a second day to determine whether he will kick Mr Raab out of his Cabinet as he reviews [...]
‘We need a new rulebook’ because ‘times have completely changed’, Blackrock’s Wei Li says April 20, 2023 The global economy has entered a “new regime” as a series of major changes transform the global economy, Blackrock’s global chief investment strategist said. Speaking at TheCityUK’s international conference, Wei Li said “the times have completely changed and we need a new playbook.” Li suggested the global economy is being affected by a series of [...]
Mark Kleinman: The CBI’s arrogance has been breathtaking April 20, 2023 The CBI has failed to manage a crisis of its own making, says Sky News' Mark Kleinman in his fortnightly column
Smaller US banks still at risk from deposit outflows as investors spread their cash April 19, 2023 Smaller US lenders have so far faced a torrid earnings season as many have seen an exodus of deposits as their larger rivals rake in profits from higher interest rates. Over the course of the week a series of smaller banks have seen deposits drop. On Monday, Charles Schwab, State Street and M&T reported that [...]
Inflation sliding and tough Bank of England means the pound will see better days April 18, 2023 “Hope is not a strategy,” Jordan Rochester, a wonk at Japanese investment bank Nomura, said last September, referring to politicians’ attempts to revive the pound after it plummeted to its lowest level ever against the US dollar following Liz Truss’s tax cutting mini budget. A lot has changed since then. Chancellor Jeremy Hunt raised taxes [...]
Artificial intelligence is transforming our music, starting with Kanye West April 18, 2023 Kanye West has never sung Hey There Delilah, yet there's his cover of the song online. It's been made using AI, and it's exemplary of how the technology is rocking the music industry, writes Elena Siniscalco