World is staring down the barrel of new high inflation era, BIS warns June 26, 2022 The world risks being flung into a new era of persistently high inflation that will tip the global economy into a drawn out recession, one of the world’s top economic institutions has warned. Rampant price rises triggered by a series of economic shocks that have no “historical parallels” could become the norm, the Bank for [...]
Low-quality gas could be used to ease energy crisis June 25, 2022 Lower quality gas could be flowing through Britain's pipelines this winter, with the Government scrambling to secure energy supplies.
It’s time to stop obsessing with the price of Bitcoin and look to the future June 24, 2022 The future is being built and it’s being built by some of the most passionate and focussed people you’ll ever meet, says Jason Deane.
Shares in defence supplier Ultra soar as Kwarteng hints of £2.6bn takeover approval June 24, 2022 The £2.6bn takeover of UK defence supplier Ultra Electronics by private equity-owned Cobham is reportedly set to receive a green light from the government. Business secretary Kwasi Kwarteng announced on Thursday that he is “minded to accept undertakings offered”, despite national security concerns. The move seemingly sparked the interest of investors, as Ultra’s share soared [...]
City of London to ignite UK space boom, says science minister June 24, 2022 Britain’s space boom could be supercharged by the City of London’s expertise and financial muscle, the minister responsible told City A.M. yesterday. While the global space economy has spent the last 40 to 50 years recovering from a Cold War hangover, “We’re now in the hockey stick of a huge commercial space boom,” science, research and innovation [...]
Europe braces for winter of discontent as Germany moves one step closer to energy rationing June 23, 2022 Fears of supply shortages across Europe have escalated as Germany moved one step closer to energy rationing amid escalating tensions with the Kremlin.
Nike confirms complete exit from Russia June 23, 2022 Sports brand giant Nike has formally exited Russia due to the ongoing war in Ukraine, three months after suspending operations. The US company, famous for its tick logo, said the delay in quitting completely was because it was “responsibly” scaling down its operations, in order to protect employees. This comes after Nike, which sponsors athletes [...]
UK economy spiralling toward ‘troubling’ recession and even higher inflation June 23, 2022 The UK economy is hurtling towards a “troubling” slump that will see it tip into recession and suffer from rampant inflation, reveals a closely watched survey published today. Consumers are responding to the worst cost of living crunch in a generation by cooling spending, while businesses are grappling with flatlining demand, according to S&P Global’s [...]
Oil prices slump as recession fears rise June 23, 2022 Oil prices continued to decline this morning across both major benchmarks, weighed down by the growing risk of a recession.
Downing raises over £50m to boost investment plans June 23, 2022 Investment group Downing has announced it has raised over £50m for its renewables trust from its funding round earlier this month.