UK and US spy chiefs ‘working ceaselessly’ for Gaza ceasefire September 7, 2024 British and American spy chiefs have said they are together “working ceaselessly” for a ceasefire and hostage deal in Gaza, in a rare public statement. MI6 chief Sir Richard Moore and CIA director Bill Burns said the agencies have “exploited our intelligence channels to push hard for restraint and de-escalation” in the Middle East. In [...]
Genus: Animal genetics firm begins recovery after gruelling year September 5, 2024 Animal genetics specialist Genus has shown early signs of stabilising after a gruelling year during which its share price tumbled by 20 per cent. Shares in the London-listed firm nose-dived in 18 per cent in a week in February after it reported collapses in the pork price and its bovine volumes in China, one of [...]
Prudential hopes sluggish first half won’t stand in the way of ambitious targets August 28, 2024 The firm reported that new business profit fell three per cent in Hong Kong compared to last year, when there was strong growth in the wake of the pandemic.
BHP: World’s largest miner reports profit slump due to ‘uneven’ China recovery August 27, 2024 "In the near term, we expect volatility in global commodity markets," BHP said.
Shein uncovers child labour in its supply chain August 23, 2024 Fast fashion giant Shein has admitted it found two cases of child labour in its supply chain last year in a revelation that will likely fuel concerns in the City ahead of potential blockbuster float on the London Stock Exchange.
Chinese carmaker Geely injects £120m into London black cab maker August 4, 2024 The cash is being used to produce a new electric car platform to underpin one of LEVC's new electric taxi models.
Heineken shares drop on near-£750m China impairment charge July 29, 2024 Heineken has taken a €874m (737m) impairment charge on its investment in China’s largest brewer, leading it into the red and causing shares to drop by seven per cent in early trades. The impairment charge led to a first-half net loss of €95m (£80m) for the brewer, down from profit of €1.1bn (£930m) in the [...]
Why doesn’t the UK government run its own venture capital funds, like China? July 24, 2024 With how essential venture capital is to the UK economy, why isn't the government running its own VC funds?
China’s Q2 GDP below expectations, fuels calls for ongoing stimulus July 15, 2024 China's economy expanded by 4.7 per cent in the second quarter of the year compared to the same period last year.
China’s CPI inflation at three-month low in June, spurring economic stimulus talks July 10, 2024 China's consumer price inflation slowed to a three-month low in June, while producer prices remained in deflationary territory.