Bitcoin is paving the way for El Salvador to be a real economic powerhouse October 7, 2022 Jason Deane finds out - at first hand - how countries like El Salvador may genuinely end up showing us the way forward.
UK jobs market finally flashes cool down signals as hiring slows October 7, 2022 The UK jobs market is finally flashing slowdown signals after running hot for months after the worst of the Covid-19 crisis, a closely watched survey published today reveals. Firms are moderating hiring campaigns in response to concerns over the UK’s weakening economy and a shortage of workers. Britain is on course for a recession as [...]
EXCLUSIVE: Starmer sounds alarm on house price ‘shocks’ as mortgage rates rise October 6, 2022 Sir Keir Starmer has warned about potential housing price “shocks” across the UK in the wake of dramatic mortgage rate rises. The Labour leader today told City A.M. there’s “no market confidence” in the government and that “we are going to see these shocks in mortgages and housing as a direct result of it”. Starmer [...]
Cryptocurrency prices hold their nerve as all eyes turn on the Fed’s next move October 6, 2022 The price of Bitcoin has grown roughly 4.5% in the last week, while Ethereum has followed in its tracks with upward movement of 3%.
Sirius Real Estate wraps up £150m debt refinancing one-year early October 6, 2022 Sirius Real Estate has wrapped up a refinancing of a €170m (£148m) debt facility with commercial real estate financier Berlin Hyp AG. The London-listed company, which operates industrial parks and flexible workspaces in Germany and the UK, completed the refinancing around one year in prior to the facility’s due date. Refinancing means a borrower has [...]
As financial headwinds give listed firms the jitters, going public still matters October 6, 2022 Investment banks, advisors and shareholders all love companies being listed on the stock exchanges. Bankers make high fees on corporate activity, lawyers and accountants charge more to listed companies and shareholders secure access to a broader range of companies, with more secure governance than most private companies. For them, the incentives are clear. But the [...]
Outrageous raging inflation, and the distortion of CPI October 5, 2022 This week, Dr Chris Kacher pours scorn on CPI while speculating on what might happen if quantitive easing is introduced again.
Liz Truss’s Tory Conference speech: The PM’s claims and statements fact-checked October 5, 2022 At the Conservative Party conference earlier today, Prime Minister Liz Truss gave her keynote speech, talking about her upbringing, the economic climate, and healthcare. Full Fact offered to fact check the different claims and statements for City A.M. “I stand here today as the first Prime Minister of our country to have gone to a [...]
Truss vows to defeat ‘enemies of enterprise’ as PM gets heckled by Greenpeace October 5, 2022 Liz Truss has vowed to defeat the “enemies of enterprise” and said her three biggest priorities are “growth, growth, growth” in her Tory conference speech, after being heckled by Greenpeace protesters. The Prime Minister launched a strong defence of her government’s recent mini-Budget, saying that “cutting taxes is the right thing to do morally and [...]
Tesco: Shoppers ‘watching every penny to make ends meet’ October 5, 2022 Tesco has warned of “tough times” as Brits are “watching every penny to make ends meet” this winter. The grocery giant reported a slimmer profit for the first half, after customer behaviour has normalised after lockdown and the supermarket has invested in keeping its prices competitive for shoppers. The country’s largest supermarket posted a £413m [...]