The City View: Musk on cusp of Twitter buy, and global markets down April 25, 2022 Today Andy Silvester talks to Jack Barnett, City A.M.’s Economics and Markets reporter. They go through the global market dip and why China’s zero-Covid lockdowns are concerning investors; bank earnings for Q1; and new ONS data showing that 9 in 10 households have recorded an uptick in their cost of living. And in the news, [...]
Pandemic drives 15-fold rise in online scams, say UK cyber spooks May 10, 2021 UK spooks took down more online scams last year than in the previous three years combined as the Covid-19 pandemic fuelled an increase in cyber crime. Experts oversaw a huge 15-fold increase in the number of scams removed from the internet, the National Cyber Security Centre (NCSC) said today. It comes as unscrupulous hackers tried [...]
Markets: Wall Street slips from record levels April 19, 2021 Major U.S. stock indexes fell from record levels on Monday as investors sought cues from first-quarter earnings reports to justify the rich valuation of equities. Tesla was the biggest drag on the S&P 500 and the Nasdaq, with the electric-car maker down three per cent after a Tesla vehicle, which was believed to be operating [...]
Panic reflation, oil plunge and Bitcoin-led chip shortage March 19, 2021 Market sentiment is mixed this Friday morning. The Powell boost did not last long on the US equities which returned to the reflation setup. Investors sold tech stocks aggressively, sending Nasdaq 3 per cent lower during Thursday’s trading session. The S&P500 shed 1.48 per cent, as Dow Jones (-0.46 per cent) remained somehow resilient to [...]
Oil prices tumble on higher Opec output and slower Korean growth September 3, 2019 Oil prices tumbled today as more symptoms emerged showing the impact of US President Donald Trump’s trade war with China. Brent crude dropped as much as two per cent in the mid afternoon, and was selling for $57.45 per barrel at the time of writing. Read more: New York Times drops sponsorship of London oil [...]
Ramsbury Estate beats Russia and the US to win top vodka prize April 20, 2021 North-east Wiltshire had just been crowned the UK’s vodka capital, and one of the best vodka-making regions in the world. Ramsbury Estate, at Aldbourne near Marlborough, won Spirit of the Year, Vodka Of the Year and a gold medal at last week’s prestigious London Spirits Competition. “It was international recognition for our cosmopolitan team,” says [...]
Crypto markets slip into the red as Ukraine crisis shows no signs of resolution March 7, 2022 The price of Bitcoin is currently down three per cent over the past 24 hours and changing hands for around $38,100.
Russian pipeline Nord Stream 2 gets final approval October 30, 2019 The controversial Russian oil pipeline Nord Stream 2 has been approved by Denmark, removing the last obstacle in the way of the project’s completion. The Danish permit, which has been pending since April 2017, was the last needed for the 1230km pipeline from Russia to Germany to be completed. Read more: European politicians blast Gazprom [...]
Sessions Arts Club review: A restaurant worthy of all the hype January 14, 2022 Every now and then, sometimes once or twice a year, sometimes less, a place opens that combines all the right elements in just the right order to create the rare alchemy that we call the “it” restaurant. Gloria did it with its maximalist Italian amore della vita, as did Gymkhana with its studiously crafted modern [...]
Oil prices fall on fears of production boost amid surge in Covid-19 cases October 26, 2020 Global oil prices dropped sharply this morning amid fears of a ramp in production even as governments implement more stringent restrictions to cope with a surge in coronavirus cases. Worldwide standard Brent crude shed 2.4 per cent to fall to $40.76, while American benchmark West Texas Intermediate dropped 2.6 per cent to stand at $38.78. [...]