Concoction of risks trigger global sell off to kick start week May 9, 2022 A ratcheting up in anxieties over the possibility of the global economy hurtling toward a sharp slowdown wiped billions off the value of the world’s top companies today. London’s FTSE 100 index plunged 2.32 per cent to points, while the domestically-focused mid-cap FTSE 250 index tumbled 2.59 per cent. Investors ditched London stocks on the [...]
Crypto clampdown: the FCA finally gets its act together April 7, 2022 Martin Lovick of ACA Group praises the FCA for its robust approach to paving the way for crypto regulation.
Iran suspends Saudi Arabia talks while US deal hits Russian roadblock March 13, 2022 Iran has paused talks with Saudi Arabia while Russian demands have curtailed its attempts to revive former arrangements with the US.
Gold smashes $2000 barrier as investors rush for steady ground March 7, 2022 Gold prices surged to their highest level since August 2020 today as investors rushed for steady ground amid another day of global market turmoil.
‘I knew I wouldn’t be loved’: The FCA’s ESG chief talks ruffling feathers in the fight against greenwashing April 27, 2023 ESG has become the City’s favourite acronym over the past three years and almost every boss and investment manager has scrambled to plant their flag on the standards as closely as they possibly can. But those claims and labels don’t always stand up to scrutiny. Greenwashing is running rampant. Clean and green claims are being [...]
Britain must build a green economy to ‘eliminate Russian fuel from our energy mix once and for all’ April 4, 2022 Britain must build its green economy to “eliminate Russian fuel from our energy mix once and for all”, the International Trade Secretary is to argue today. Speaking during a visit to Norway, Anne-Marie Trevelyan will say the UK must first use its relationships with “reliable energy partners” to “meet our needs, protect our supply chains, [...]
Bitcoin retraces slightly as market consolidates February 9, 2023 At $22,700, Bitcoin is trading lower by 2% over the last 24 hours, while Ethereum is in the red by 2.3% at $1,633 this morning.
UK to narrowly avoid recession but cost of living crisis will leave families £4,000 worse off February 8, 2023 The UK is poised to narrowly avoid a recession but the cost of living crisis will still leave average Brits £4,000 worse off this year, fresh forecasts out today reveal. Britain’s economy is set to squeeze out 0.2 per cent of GDP growth in 2023, meaning it will just about swerve a technical reversal, two [...]
Russian ‘dumb bomb’ attack kills dozens of civilians in Ukrainian city of Chernihiv March 9, 2022 A Russian airstrike that reportedly killed 47 civilians in the northern Ukrainian city of Chernihiv may constitute a war crime, human rights group Amnesty International said today following an investigation into the attack. At approximately 12.15pm on Thursday 3 March, a small public square formed by Chernihiv’s Viacheslava Chornovola and Kruhova streets was hit by multiple [...]
As government debt jumps to fund defence spending, our economy will pay the price March 9, 2022 Sanctions will clearly hit the Russian economy very hard. But economic prospects for the West are not exactly rosy. Twice in the 1970s and again in the early 90s, there were rapid spikes in oil prices; each instance was followed by economic recessions. The deep recession following 2008 was, of course, due to financial causes [...]