Johnson says inflation is a ‘price worth paying’ to defend Ukrainian freedom June 27, 2022 Boris Johnson has today said soaring inflation linked to sanctions on Russia are a “price worth paying” as he compared Vladimir Putin’s regime to the Nazis. The Prime Minister told journalists during today’s G7 summit in Germany that the economic effects of not helping Ukraine would be worse than what the UK is currently facing. [...]
G7 pledges to cap Russian oil as West ramps up sanctions on Kremlin June 27, 2022 The Group of Seven is preparing to cap Russian oil as part of a fresh package of sanctions in response to Russia's invasion of Ukraine.
Hedge funds short Tether after Terra crash June 27, 2022 Hedge funds have Tether in their crosshairs as they keep betting against the stablecoin following TerraUSD’s collapse last month. Larger numbers of traditional hedge funds are shorting Tether, the world’s biggest stablecoin, through major crypto brokerage Genesis Global Trading Inc., the Wall Street Journal said. “There has been a real spike in the interest from [...]
‘We are engulfed in a crisis of epic proportions,’ CBA chair Jo Sidhu tells Old Bailey picket June 27, 2022 Criminal barristers on Monday picketed outside of London’s Old Bailey court as part of a strike over legal aid fees. Hundreds of barristers, solicitors, and other supporters turned up at the picket line outside of the UK’s most famous court, in demanding a 25 per cent increase in legal aid fees. The strike comes as [...]
Lethal mix of inflation and interest rates cause value of IPOs to nosedive by staggering 90 per cent June 27, 2022 Businesses have endured challenging times recently, largely caused by external world events. Because of this, investor appetite has decreased for IPOs. In fact, rising inflation and interest rates have caused the value of initial public offerings in the US and Europe to fall by a staggering 90 per cent this year. Despite these obstacles 157 [...]
Bitcoin price holding above $20k, but its dominance over crypto market is falling June 27, 2022 The price of Bitcoin was around $21,400 this morning, roughly flat over the past 24 hours and up three per cent since this time last week.
Graduates set to enter UK’s strongest job market in years as starting salaries soar June 27, 2022 Graduates are set to enter the strongest job market Britain has seen in years, on the back of surging graduate salaries and a major increase in the number of graduate jobs. Graduate salaries are up seven per cent compared to a year ago, while the number of graduate job vacancies is up 59 per cent [...]
Croydon Tramlink staff to strike tomorrow and Wednesday in TfL dispute over pay June 27, 2022 The ASLEF union said this morning that its members on the Croydon Tramlink will strike on tomorrow and Wednesday this week in a dispute over pay. “With the RPI rate of inflation running at over 11 per cent, FirstGroup, the company which operates Tramlink on behalf of Transport for London, has offered tram drivers just [...]
London’s FTSE 100 kicks off week strongly amid rebounding risk appetite June 27, 2022 Investors kicked off the week with strong risk appetite, boosting London’s top indexes. The capital’s premier FTSE 100 index climbed 0.89 per cent to 7,272.79 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 1.23 per cent to reach 19,359.73 points. The bullish start [...]
Exclusive: Brits’ patience with Bank of England and Bailey wears thin amid historic inflation crunch June 27, 2022 Brits’ patience with the Bank of England is wearing thin amid the worst inflation crunch in recent history, exclusive figures obtained by City A.M. reveal. Some 44 per cent of households are unhappy with Threadneedle Street’s performance over the last year which has seen inflation soar from 2.1 per cent in May 2021 to a [...]