UK economy: OECD upgrades forecasts but still predicts recession knife-edge June 7, 2023 The UK economy will continue to lag behind other countries in the group of seven (G7) advanced economies this year, despite improved growth projections, new analysis has shown. Only Germany, which fell into a recession over the start of the year and is set to stagnate throughout 2023, will perform worse than the UK. Analysis [...]
There will be winners and losers from AI – but we must embrace it, not shun it June 7, 2023 AI will benefit some people and their jobs while replacing others - like all historic innovations. But if regulated safely, it will prove ground-breaking in many areas, including education, writes Guy Hands
Soaring inflation and recession fears trigger UK dealmaking slowdown June 6, 2023 Mergers and acquisitions in the UK tumbled sharply in the first three months of the year as recession fears and rapid rate hikes spooked dealmakers, official figures have revealed today.
Uncertainty but Optimism for Benelux M&A June 6, 2023 Despite rising inflation, increasing interest rates, the ongoing war in Ukraine, and more, uncertainty remains the biggest issue for M&A dealmaking in the Benelux region in 2023. Nevertheless, the market remains resilient and there are still a lot of opportunities to be had. These were the key conclusions from panellists at a recent event in [...]
The Notebook: Victoria Scholar on stocks, China and Spiderman June 6, 2023 The notebook is a place where interesting people say interesting things. Today, it’s Victoria Scholar, head of investment at Interactive Investor The market mood is picking up with the S&P 500 enjoying its best week since March. The Dow surged over 2% on Friday, its biggest one-day gain since January and the Nasdaq Composite completed [...]
Investment slump amid higher interest rates risks finally sparking UK recession June 6, 2023 A mix of factors are buffeting the UK economy right now. Spending power is being crushed by high inflation eroding family finances. House prices are coming off their heady heights as sellers drop prices to source buyers amid higher mortgage rates. External demand is thinning in response to weak consumer confidence amid a global cost [...]
‘Pandemic years are behind us’: Global airlines’ profits to double to $10bn this year June 5, 2023 The airline industry’s primary trade body has doubled its global profit outlook for the sector this year to nearly $10bn (£8bn), as travel restrictions have all but disappeared and the world returns to international travel after the Covid-19 pandemic. Global airlines are predicted to see total revenues of $803bn (£648bn), according to the International Air [...]
Crypto friendly Xapo Bank integrates with single euro payments area network June 5, 2023 Gibraltar-based Xapo Bank has integrated with the single euro payments area (SEPA) network, allowing movement of funds in Euros (EUR).
Renaisi June 5, 2023 Renaisi help employers build inclusive workforces by restarting the careers of refugee professionals so everyone can thrive. With 25 years’ experience and a unique cross-sector model, Renaisi drives real social change, in partnership with those at the heart of the issue. Did you know? Access talent Shadi is from Iran she arrived in the UK with [...]
Markets continue to be wary as interest rate meeting looms in coming weeks June 5, 2023 Bitcoin is trading just below $27k this morning, with Ethereum following a similar pattern, holding above $1.8k.