Traditional Finance Leverage CeFi Infrastructure for DeFi Profit April 1, 2022 The relationship between traditional finance and the crypto markets had previously been upheld by a few banks allowing customers to use their fiat to convert into cryptocurrency in the safe knowledge that they could cash out at any time. The number of retail banks letting their customers use their accounts with crypto exchanges has become smaller at a time [...]
What cost of living crisis? MPs give themselves a pay rise of nearly 3 per cent to £84,144 April 1, 2022 MPs’ salaries rise to £84,144 from today, up by 2.7 per cent, after the Independent Parliamentary Standards Authority (IPSA) announced last month that their pay would go up for the first time in two years. But it comes on the same day that the biggest jump in domestic energy bills in living memory has come [...]
Euro zone inflation hits record 7.5 per cent as slowing growth puts pressure on ECB April 1, 2022 Inflation in the Euro zone soared to almost four times the European Central Bank’s target, registering at a record 7.5 per cent last month. European countries faced the prospect of slowing growth and rising costs, with the war in Ukraine continuing to put renewed pressure on gas and energy prices. The EU’s package of sanctions [...]
Growth in UK manufacturing sector plummets to 13-month lows April 1, 2022 Growth in the UK’s manufacturing sector has plunged to its lowest levels in more than a year, due to the impacts of soaring inflation, supply shortages, and the war in Ukraine. The rate of expansion in the UK’s manufacturing sector has dropped to its lowest levels in 13 months, according to S&P Global’s Purchasing Managers [...]
Peel Hunt revenue surpasses expectations despite market slowdown amid war in Ukraine April 1, 2022 Investment bank Peel Hunt has traded ahead of analyst expectations despite a slowdown in activity after Russia’s invasion of Ukraine. Its execution and trading business marked a strong end to the year while its investment banking division marked record revenues. Revenue for the full year is anticipated to stand at around £131m, the City firm [...]
UK economy flirting with recession amid escalating inflation April 1, 2022 Escalating inflation is threatening to throw the UK economy into dangerously close recession territory, reveals two closely watched surveys. Businesses are struggling under the weight of swelling costs triggered by soaring energy bills, prompting them to launch the quickest price hike cycle on record, according to the British Chambers of Commerce (BCC). Around two in [...]
Global dealmaking plunges amid shocks of war in Ukraine April 1, 2022 Worldwide dealmaking has plunged in the first quarter of this year after the invasion of Ukraine sent shockwaves through global financial markets.
Egg farmers: Supermarkets must raise prices by 40p to avert sector crisis March 31, 2022 Egg farmers have called on supermarkets to up the price of a dozen eggs by 40p as producers face cost pressures. Many free range egg farmers are bleeding cash on every egg laid by one of their hens, according to the British Free Range Egg Producers Association (BFREPA). Shoppers in the UK were unable to [...]
UK economy grows faster than first thought but contraction looms March 31, 2022 The UK economy grew faster than first thought at the end of last year, but experts warn the tightening cost of living squeeze could plunge the country into a recession. In the three months to December, the economy grew 1.3 per cent, higher than first estimated by the Office for National Statistics, according to final [...]
Bitcoin levels off after eight days of upward movement March 31, 2022 The price of Bitcoin today is, essentially, unmoved after another largely flat day, continuing to hover at just above the $47k mark.