IEA warns OPEC+ cuts risk pushing global markets into recession October 13, 2022 OPEC+'s decision to cut oil production risks driving up prices and pushing global markets into recession, warned the IEA.
Lloyds and Aon team up to build customer resilience to Ukraine conflict October 13, 2022 The insurance industry must help customers build resiliencethe Russian invasion Ukraine, according to new research from Lloyd’s and Aon.
EasyJet expects to book £545m in the final quarter with ‘record bounce back’ October 13, 2022 Bosses at EasyJet are expecting to book between £525m and £545m in earnings for final quarter, as the budget airline continues its post-lockdown recovery. The earnings before interest and tax, marks a “record bounce back” for the carrier, CEO Johan Lundgren said in a statement this morning. It means the company will breakeven this year. [...]
Putin up tensions: Russian President blames West for supply crisis October 12, 2022 Putin has pointed the finger at the West for Europe's energy crisis, despite a Kremlin-backed supply squeeze.
Gazprom chief: Europe is still at risk of gas shortages this winter October 12, 2022 Europe should watch out for a cold freeze this winter and supply shortages, warned the head of Gazprom.
US vs China superpower rivalry helps drive cryptocurrency markets October 12, 2022 Crypto AM columnist Nigel Green examines the evergreen niggle between the US and China, and what impact it has on cryptocurrency.
Truss to label China an official ‘threat’ to the UK for the first time October 12, 2022 Liz Truss is set to label China as a threat to the UK for the first time in a major shift in the government’s diplomatic position. Last year’s Integrated Review of foreign and defence policy under Boris Johnson said Russia was an “acute and direct threat”, but that China was only a “systemic competitor”. The [...]
The analyst: Why now’s the time to invest in advertising, not run from it October 12, 2022 Ian Whittaker is a City analyst, and the current City A.M. Analyst of the Year. Shaky seems to be the best word for the start of results season on Wall Street – at least, compared to the generally positive message we received at the last quarterly go-around. Companies such as Carnival and FedEx – seen [...]
Explainer-in-brief: Putin’s desperate bid to look tough escalates violence October 12, 2022 Moscow is running out of ammunition, and its military forces are exhausted. This assessment was provided yesterday by GCHQ chief Sir Jeremy Fleming – the man in charge of the intelligence agency. His comments came after the appalling bombing that shook Kyiv on Monday. Putin described it as retaliation following the bombing of the Kerch [...]
UK economy on recession cliff edge as GDP unexpectedly shrinks October 12, 2022 The UK is staring over a recession cliff edge, caused by soaring inflation and rising interest rates, that will be lengthened by turmoil in financial markets, official figures published today revealed. The economy unexpectedly shrank 0.3 per cent over the month to August, according to the Office for National Statistics (ONS). Economists had expected gross [...]