How farmers with better data could help prevent future food shortages March 6, 2023 Farmers need access to better data to predict fertiliser prices to ensure the UK's food security, argues the NFU.
The financial crisis lurking in the shadows: Why regulators must now turn their attention to shadow banking March 6, 2023 Some would argue that predicting the next financial crisis is a near impossible task. But Nobel-prize winning economist Douglas Diamond said in October last year: “The last [financial crisis] started in the banks, it stayed in the banks. This one’s going to start in the shadow banks and the companies.” Shadow banking encompasses a variety [...]
We must strengthen our ties with the US, so London and New York can grow together March 6, 2023 We now have a golden opportunity to make our economic and political relationship with the United States stronger. As two leading financial centres, we benefit if we grow together, writes Chris Hayward
Energy bills support expected to stay at £2,500 after Hunt U-turn March 3, 2023 Jeremy Hunt is expected to extend support for household energy bills by an extra three months beyond April, a fresh government U-turn.
London Metal Exchange faces FCA ‘enforcement’ investigation after £3.3bn nickel crisis March 3, 2023 The FCA announced plans to begin an "enforcement" investigation into London Metal Exchange response to last year's nickel crisis.
The resilience of Ukraine’s businesses proves we still understand too little about geopolitical risk March 3, 2023 Contrary to what many believed, Ukraine's businesses are strong in the face of war. They prove geopolitical risk affecting supply chains is more complex than it can look like, writes Chonchol Gupta
IEA: Global energy-related CO2 emissions rose to record highs in 2022 March 2, 2023 Global energy-related emissions of carbon dioxide hit a record high last year, the International Energy Agency (IEA) revealed today.
Inflation in Europe rises to record high, raising spectre of steep ECB interest rate hikes March 2, 2023 European inflation is running at record levels, piling pressure on the European Central Bank (ECB) to keep hiking interest rates aggressively this year. The rate of core price increases bumped to a record 5.6 per cent last month, up from 5.3 per cent and up to the highest level since records began in 1999, according [...]
Lloyd’s of London member Beazley’s profits plummet 48 per cent as interest rate hikes dent portfolio March 2, 2023 Shares in specialist insurer Beazley today fell almost nine per cent after the firm told investors its profits had plummeted in 2022 due to a sharp drop in income from its investment portfolio. The insurer said its overall pre-tax profits fell 48 per cent in the year ending in December 2022 to $191m, as rising [...]
Onshore wind reforms will fail to revive collapsed industry, renewable body warns March 1, 2023 Government proposals to revive onshore wind will do nothing to remove the current de-facto ban, argued Renewable UK.