London beats Euro rivals to retain tech investment crown (yes, despite Brexit) January 12, 2023 London sailed past European rivals to retain its crown as the top destination for tech investment last year as nearly $20bn was pumped into the capital’s start-ups, new data has revealed.
Global cost-of-living crisis risks ‘dire consequences’ for planet as firms ditch climate concerns January 11, 2023 The global cost-of-living crisis threatens to railroad efforts to combat climate change, “potentially leading to dire planetary and societal consequences,” the World Economic Forum (WEF) warned today. Soaring energy and food prices are forcing governments and private businesses to turn to cheaper, often dirtier resources to produce goods and services. As a result, “the risks [...]
What’s the best way to make up for the metals supply shortfall? Look down. January 11, 2023 It’s been a rough couple of years for metal producers. Sky-high demand, factory closures, and supply chain disruption have resulted in a shortfall in supply. A quick post-Covid bounce back in demand should’ve resulted in producers scaling production back up to meet demand. However… Inflation has taken hold of every industry worldwide: the cost of [...]
The pandemic’s lasting impact is huge… How can the little idea of recycling help? January 11, 2023 The pandemic’s lasting impact is huge… How can the little idea of recycling help? For the past 2 years, it’s been one thing after another: Covid lockdowns, more Covid lockdowns, Russia invading Ukraine, and a few more Covid lockdowns (looking at you China). Therefore, it comes as no surprise the global economy continues to take [...]
The Cost of Living Crisis Is Not Just Local, It’s Global. We Need a Global Mindset to Tackle It. January 11, 2023 The cost of living crisis is being felt by everyone – people on the breadline are now in poverty, those once well-off are now counting their coppers. This might be the picture for most in developed countries, however developing markets have largely been unaffected by Covid and inflation linked to the Russian conflict. With only [...]
Now that you’re asking where your supplies come from, we should talk. January 11, 2023 As the world faces a shortfall of both energy supplies and critical metals, difficult decisions are being made to meet the growing supply gaps without risking new dependencies on unsustainable producers or compromised geopolitical actors. Quite a problem for some; particularly for a range of European countries and firms in light of the Russian invasion [...]
Long-awaited report delivers damning verdict on LME nickel chaos January 10, 2023 The LME failed to police large positions on the nickel market and did not have sufficient volatility controls, according to a new report.
Gold rallies to eight-month highs amid hopes of lower Fed interest rate hikes January 10, 2023 Gold prices have stayed firm in today's trading - with the precious metal peaking at $1,880 per ounce this morning.
City banks’ risk management systems criticised by Bank of England January 10, 2023 The Prudential Regulation Authority (PRA) today criticised City banks’ approach to risk management despite “regular messaging” on the issue. In a letter sent to bank executives in the City, the Bank of England’s regulatory arm set out its priorities for the New Year. Top of the list for regulators was financial resilience, in particular “deficiencies [...]
Goldman Sachs warns EU risks clean energy exodus as US lures investment January 10, 2023 Europe risks an exodus of clean energy investment to the US, unless it brings in its own inflation strategy, warns Goldman Sachs.