Egypt agrees to release Ever Given ship that blocked Suez Canal in March July 5, 2021 Egypt and the insurers of the Ever Given – the ship that blocked the Suez Canal earlier this year – have reached an agreement, which will allow the container to leave the country. The blockage, back in March, disrupted global trade as the 400m long ship prevented hundreds of ships from passing the 193km water [...]
Active Bitcoin addresses plunge as regulators eye crypto July 5, 2021 CryptoCompare data shows the price of Bitcoin (BTC) is still moving between the $30,000 and $40,000 range, although this week its volatility dropped significantly.
Bank of England to cut staff air travel amid green push July 5, 2021 The Bank of England is considering permanently cutting staff air travel as part of efforts to ramp up its climate change targets and “practise what we preach”. Sarah Breeden, the Bank’s executive director for financial stability and risk and lead on climate change issues, said the Bank was having an “active debate” over how to [...]
Greensill Capital: The financial scandal that just won’t go away July 5, 2021 On Friday, it was announced that Credit Suisse will pay out a further $750m to backers of its Greensill-linked supply chain finance funds. Thus far, the lender has clawed back $6.1bn of the $10bn of its funding supported by collapsed supply chain finance firm Greensill Capital, up $200m on its previous update. The news follows, [...]
Make sure your health is fully covered while travelling July 5, 2021 Wherever you’re travelling this year, whether abroad or closer to home in the UK, make sure any health and medical eventualities are covered by sorting out your travel insurance as soon as you book your trip. Asda Money’s travel insurance offers a variety of options. Choose from UK, single trip or annual multi-trip, with three [...]
Let’s take a look at the world of crypto exchanges July 2, 2021 Alex Lightman delves into the world of crypto exchanges, explains how they work and the role they play in our use of cryptocurrency.
City leaders are constantly proposing ‘green initiatives’ but is the Square Mile really doing everything it can for climate change? July 2, 2021 During London Climate Action Week, a series of sustainability initiatives are capturing airtime. The City of London’s ‘Climate Action Strategy’ aims to make the Square Mile net-zero in its carbon emissions by 2040. A group of law firms has adopted a ‘greener litigation pledge’. And financial services, which form the backbone of the City, are keen to [...]
Nexo platform launches full integration of Cardano July 1, 2021 The Nexo digital assets platform has initiated the integration of Cardano's native ADA to its full suite of financial services.
FTSE 100 set to reverse trend of monthly gains June 30, 2021 London’s FTSE 100 dropped on Wednesday afternoon as the index looks set to reverse a trend of successive monthly gains. The capital’s premier-index was down 0.49 per cent in the afternoon session. The index has risen every month since February, but it looks likely to end that run in June. The fall comes as the [...]
The wurst is over: UK and EU strike ‘sausage war’ truce June 30, 2021 The UK has today agreed a three month grace period for the export of chilled meats to Northern Ireland with the EU as the two sides reached a truce in the so-called “sausage war”. The extension means that Northern Ireland consumers will be able to continue buying chilled meat products from Great Britain until 30 [...]