Pensioners face biggest loss in spending power for nearly 50 years February 12, 2022 British pensioners will suffer the greatest loss in spending power since in nearly 50 years, following Sunak's decision to halt the triple lock.
Best of this week in our opinion pages: from community-based solutions for fighting terrorism to the Bank of England’s dilemmas February 12, 2022 As talks of a definitive lifting of Covid-19 restrictions intensify, workers are coming back to their offices in flocks, bringing liveliness back into the Square Mile. Richard Kauntze wrote about an often overlooked aspect of the City’s inner workings: the unofficial economy of gossip. The City has long thrived on whispered tittle-tattle, which plays a [...]
What a week it’s been for cryptocurrency February 11, 2022 Jason Deane rounds up a remarkably eventful week in the world of global economics and cryptocurrency.
Can Volkswagen catch Tesla in the electric vehicle race? February 11, 2022 Tesla raised some eyebrows last month as it unveiled an 87% year-on-year rise in vehicle deliveries to over 936,000. In terms of battery electric vehicles (BEVs), this puts it some distance ahead of its European rivals, including Volkswagen AG with less than a half of Tesla’s deliveries (452,900). There are three main reasons for Tesla’s [...]
Gold prices remain resilient amid rising inflation and spiking yields February 11, 2022 Gold prices have stabilised above $1,800 per ounce amid rising inflation and 10-year US treasury yields spiking above two per cent.
Oil settles around $90 amid looming expectations of US interest rate hikes February 11, 2022 Oil prices are hovering at around $90 per barrel on both major benchmarks amid concerns over aggressive US interest rate hikes.
Travel stocks continue ascent as London markets post mixed open February 10, 2022 Travel stocks continued their ascent today in a positive day for London markets. The capital’s premier FTSE 100 index closed 0.38 per cent higher at 7,672.40 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 0.11 per cent to finish at 22,207.75 points. Airline stocks [...]
Stateside inflation climbs to four decade high dialling up pressure on US Fed to go further and faster February 10, 2022 Stateside inflation is running at its hottest rate since the early 1980s, piling even more pressure on the US Federal Reserve to launch a stauncher and faster rate hike cycle. Prices in the US are 7.5 per cent higher than they were a year ago in January, according to fresh figures published today by the [...]
Higher interest rates and rebounding loan demand to boost UK banks February 10, 2022 A higher interest rate environment and a rebound in loan demand is set to boost Britain’s biggest lenders. UK banks’ net interest margins will widen on the Bank of England and the world’s biggest central banks launching a rate hike cycle this year to tame inflation, analysts are betting. Final quarter earnings for UK banks [...]
Heathrow 2.0: Airport freshens up sustainability strategy with new goals February 10, 2022 Heathrow airport has freshened up its sustainability strategy and expanded its goals. Under the ‘Heathrow 2.0: Connecting people and the planet’ strategy, the London hub has pledged to build back better and greener, tackling environmental as well as social challenges. Building on the airport’s previous sustainability strategy, the programme will aim to deliver a 15 [...]