What does the pound’s slump mean for the UK and its consumers?:
theguardian.com/business/2022/sep/26/what-does-pound-slump-mean-for-uk-and-its-consumers
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| Last Updated | Sep 26 22 |
| Total Articles | 5 |
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UK bond prices collapse after sterling hits record low: British government bond prices collapsed on Monday, pushing yields to their highest in over a decade ...
reuters.com/markets/europe/uk-bond-prices-collapse-after-sterling-hits-record-low-2022-09-26/
Bank of England may be forced to hold emergency meeting due to falling pound, experts warn
inews.co.uk/inews-lifestyle/money/saving-and-banking/bank-of-england-may-be-forced-to-hold-emergency-meeting-due-to-falling-pound-experts-warn-1877950
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UK bond prices collapse after sterling hits record low: British government bond prices collapsed on Monday, pushing yields to their highest in over a decade ...
reuters.com/markets/europe/uk-bond-prices-collapse-after-sterling-hits-record-low-2022-09-26/
Bank of England may be forced to hold emergency meeting due to falling pound, experts warn
inews.co.uk/inews-lifestyle/money/saving-and-banking/bank-of-england-may-be-forced-to-hold-emergency-meeting-due-to-falling-pound-experts-warn-1877950
US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Two horses seen galloping on the loose through central London: ITV News crews filmed two horses - who appeared to be on the loose - on Wednesday.
itv.com/news/london/2024-04-24/two-horses-seen-galloping-on-the-loose-through-central-london
Quick Glance: London Chaos: Military Horses Run Wild
- Five military horses bolted during an exercise near Buckingham Palace, causing chaos in central London streets.
- The horses were spooked by noise from a construction site, threw off their riders, and collided with vehicles.
- Three injured soldiers were hospitalized, but none of the injuries were life-threatening.
- The horses were captured shortly after and taken back to the barracks for medical tests.
Kensington Palace releases photo to celebrate Prince Louis' sixth birthday: The photo was taken by his mother, Kate, in the days running up to the prince's ...
itv.com/news/2024-04-22/prince-louis-celebrates-sixth-birthday
Quick Glance: Celebration of Prince Louis' Sixth Birthday by Kensington Palace
- A recent photo of Prince Louis, captured by The Princess of Wales in Windsor, has been posted on Kensington Palace's social media to commemorate his sixth birthday.
- In honor of his sixth birthday, events are being organized for William and Kate's youngest child to partake in.
- The released photo marks the first image of the children since the contentious Mother's Day picture altered by Kate.
- Following the Easter break, Prince Louis resumes classes at Lambrook School in Berkshire alongside his siblings.
Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...
ft.com/content/14e6a4d4-8be7-46cf-bb51-8445b0e85dc1
Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago
- The leftist administration of Luiz Inácio Lula da Silva wants more flexibility on budget surplus goals
- Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy
- Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product
- Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula
Tesla share takes off in double digits: This is how Elon Musk can convince the stock market
boerse-online.de/nachrichten/aktien/tesla-aktie-hebt-zweistellig-ab-damit-kann-elon-musk-die-boerse-ueberzeugen-20355987.html
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
- Tesla lowers prices in Germany to increase inventory and sales.
- Elon Musk addresses price complaints and emphasizes the need for flexible pricing.
- Buyers of Tesla vehicles during expensive phases may face depreciation.
- Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
BOE Official Warns Climate Change Shocks May Need Rates Response - Bloomberg: A Bank of England official warned that climate change may trigger large price ...
bloomberg.com/news/articles/2024-04-25/boe-official-warns-climate-change-shocks-may-need-rates-response
UK businesses to suffer if TikTok banned in the US: UK businesses using TikTok say they could see a significant drop in sales if the app is banned in the US.
bbc.com/news/articles/c3gl5qly48qo
Quick Glance: What Lies Ahead for TikTok in the US?
- The US Senate has unanimously approved a bill that could potentially lead to the banning of TikTok within nine months, unless its Chinese owner, ByteDance, withdraws from the video-sharing app due to concerns about national security threats.
- President Joe Biden has confirmed his intention to sign the legislation on Wednesday.
- ByteDance acquired the well-known karaoke app Musical.ly and rebranded it as TikTok back in 2017. It has become one of the fastest-growing applications in the United States, boasting 150 million monthly subscribers.
Prince Harry confirms he is now a US resident: Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is ...
apnews.com/article/prince-harry-us-resident-meghan-5bad226e20fede037b5ce836cb1e6a60
Quick Glance: Prince Harry Officially Residing in U.S.
- Prince Harry and his wife Meghan have considered California home, and now his official residency in the U.S. has been documented in a corporate filing.
- The document was filed at Britain’s corporate registrar, Companies House, to update the official residency of the British royal for business records of Travalyst Limited.
- There had been little official confirmation of Harry’s residency status until this week, with an entry indicating a change of residency to June 29, 2023, the day the couple left Frogmore Cottage, their British home.
- It is unclear what type of U.S. visa or residency permit Harry holds, despite efforts by conservative activists in the U.S. to ascertain them, including an ongoing lawsuit.
UK businesses to suffer if TikTok banned in the US: UK businesses using TikTok say they could see a significant drop in sales if the app is banned in the US.
bbc.com/news/articles/c3gl5qly48qo
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
US passes Ukraine and Israel aid package after months of infighting: President Biden will sign into law a package of military aid worth $95 billion for America’s ...
thetimes.co.uk/article/senate-passes-95-billion-military-aid-package-after-months-of-infighting-5j9zvn770
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Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
Who was St George? The irony behind England's patron saint: Today (23 April) marks St George’s Day – a day to celebrate the Christian martyr who became the ...
indy100.com/news/who-was-st-george
Michael O’Leary says he’d ‘happily’ offer UK deportation flights to Rwanda: The Ryanair boss said he would ‘quote for the business’ from the UK government if it ...
businesspost.ie/article/michael-oleary-says-hed-happily-offer-uk-deportation-flights-to-rwanda/
Paid articlePaid UK Boosts Borrowing to Cover Deficit, Curbing Tax Cut Hopes: The UK boosted its borrowing plans after the government’s budget shortfall overshot forecasts ...
bloomberg.com/news/articles/2024-04-23/uk-budget-deficit-overshoots-in-setback-for-hunt-s-tax-cut-plans
Paid articlePaid Alphabet to pay its first dividend after strong quarterly revenue: Google parent company’s shares jump after earnings report
ft.com/content/23b4b384-5971-4f91-a9c9-8a779d10b6bc
Paid articlePaid BOE Warns of Risks With Private Asset Values Shrouded in Secrecy: The Bank of England is concerned about the ways that private equity giants value their holdings ...
bloomberg.com/news/articles/2024-04-22/boe-warns-of-risks-with-private-asset-values-shrouded-in-secrecy
Captain Tom Moore’s daughter puts his home up for sale for £2.25m: The listing comes less than three months after the demolition of an unauthorised spa pool ...
inews.co.uk/news/captain-tom-moore-family-home-sale-millions-3023742
Bitcoin and other cryptocurrencies before the next crash? Massive sales could be coming soon
boerse-online.de/nachrichten/rohstoffe/bitcoin-und-andere-kryptowaehrungen-vor-dem-naechsten-absturz-massive-verkaeufe-koennten-bald-anstehen-20356138.html
Post-Brexit Food Checks Will Be ‘Light-Touch,’ UK Minister Says: The UK will enforce “light-touch” post-Brexit checks on food and plant products beginning later ...
bloomberg.com/news/articles/2024-04-23/post-brexit-food-checks-will-be-light-touch-uk-minister-says
Britain to raise defence spending to 2.5% of GDP by 2030: Rishi Sunak is expected to say he will increase the UK military budget every year ...
thetimes.co.uk/article/rishi-sunak-defence-spending-uk-2030-xxgfwtvf7
Paid articlePaidQuick Glance: Increase in UK defence spending by 2030
- Prime Minister Rishi Sunak commits to raising spending to 2.5% of GDP, putting the defence industry on a 'war footing'.
- Sunak emphasized the need for deeper stockpiles of munitions and quicker replenishment due to the events in the Ukraine conflict.
- The planned increase in defence spending would require significant financial reshuffling, partly through announced measures to reduce the size of the civil service.
- Shortly after announcing the pledge to send weapons worth 500 million pounds to Ukraine, this commitment followed.
Meta share collapses sharply: This is now making investors very worried: Meta share falls 12.5% after quarterly figures, disappointed with outlook and cost ...
boerse-online.de/nachrichten/aktien/meta-aktie-bricht-deftig-ein-das-macht-anlegern-jetzt-grosse-sorgen-20356089.html
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Micron secures $13bn in US support to expand chipmaking capacity: Idaho-based memory chipmaker is latest beneficiary of funding from 2022 Chips Act
ft.com/content/084c5cce-3734-4c28-8cab-ee1ecaa7e402
Britain unveils its next-gen main battle tank: Rheinmetall BAE Systems Land (RBSL) has rolled out Europe’s most advanced tank, the latest Challenger 3 prototype ...
defence-blog.com/britain-unveils-its-next-gen-main-battle-tank/
Asia Hawks on Alert After Indonesia Shock Rate Hike to Defend Rupiah (IDR USD): Investors are looking for the next policy domino to fall in Asia amid an ...
bloomberg.com/news/articles/2024-04-25/asia-s-hawks-get-put-on-alert-after-indonesia-s-shock-rate-hike
Three arrested over Channel migrant deaths: The men were arrested on suspicion of facilitating illegal immigration and of entering the UK illegally, police said.
bbc.com/news/uk-68890850
Rebel Wilson book published in the UK with Sacha Baron Cohen text redacted: Some sections of the UK edition of the book, released on Thursday, have been redacted ...
bbc.com/news/articles/cgrwn4gg7xgo
Quick Glance: Rebel Wilson's Memoir Published in UK with Redacted Passages
- The UK edition of Australian actor Rebel Wilson's memoir will be published with redacted passages concerning her experience on set with Sacha Baron Cohen.
- HarperCollins mentioned that they have blacked out part of a page in the UK edition along with other small sections for legal reasons.
- Rebel Wilson's memoir, Rebel Rising, is set to be released in the UK this week following its earlier release in the US.
- Baron Cohen's representatives rejected the allegations of bad behavior on set and applauded the removal of Wilson's defamatory claims from the UK edition of the book.
Bank of England’s Mann Warns World Fragmentation Means More Inflation Shocks: Bank of England policymaker Catherine Mann said the fragmenting global economy will ...
bloomberg.com/news/articles/2024-04-19/boe-s-mann-warns-world-fragmentation-means-more-inflation-shocks
Paid articlePaid Honda to Spend $11 Billion on Electric Vehicle Strategy in Canada: Honda Motor Co. will spend C$15 billion ($11 billion) to build out its electric-vehicle supply ...
bloomberg.com/news/articles/2024-04-25/honda-to-spend-11-billion-on-electric-vehicle-strategy-in-canada
How Wind Power Is Taking Over the UK Power Grid: The UK’s power grid is off to its greenest start ever this year.
bloomberg.com/news/articles/2024-04-25/how-wind-power-is-taking-over-the-uk-power-grid
Violence breaks out at St George's Day event in central London: The Metropolitan Police released footage showing a group of men - some draped in St George's ...
news.sky.com/story/violence-breaks-out-at-st-georges-day-event-in-central-london-13121301
UK Regulator Plans to Broaden Scope of ESG Investing Regulations: The UK’s Financial Conduct Authority is planning to expand the scope of its ESG investment ...
bloomberg.com/news/articles/2024-04-23/uk-regulator-plans-to-broaden-scope-of-esg-investing-regulations
Bully dog found beheaded and burnt near child's playground in London: A Bully dog was discovered beheaded, cut into pieces and burnt at a park in Tottenham ...
metro.co.uk/2024/04/25/bully-dog-found-beheaded-burnt-near-childs-playground-london-20718940/
Commodity prices could keep inflation high, warns World Bank: Sharp falls in commodities are unlikely to continue, says lender, making it harder for central ...
ft.com/content/769c8c79-312a-49d9-9451-a91e1b4a6faf
Almost Half of UK Tax Collectors Miss Target to Work in Office: Almost half of Britain’s tax collectors are failing to meet the government department’s ...
bloomberg.com/news/articles/2024-04-24/almost-half-of-uk-tax-collectors-miss-target-to-work-in-office
Paid articlePaid StanChart Tells Clients Craving Oil, Copper to Beware Inflation: Some Standard Chartered Plc clients are increasingly favoring tangible assets like copper and ...
bloomberg.com/news/articles/2024-04-24/stanchart-tells-clients-craving-oil-copper-to-beware-inflation
Two horses which bolted through central London in a 'serious condition'
news.sky.com/story/two-horses-which-bolted-through-central-london-in-a-serious-condition-13122508
Rishi Sunak Enters Rwanda Migration Plan Endgame With UK Tories Fearing Failure: As Rishi Sunak’s flagship migration policy enters its endgame next week ...
bloomberg.com/news/articles/2024-04-20/rishi-sunak-enters-rwanda-migration-plan-endgame-with-uk-tories-fearing-failure
Paid articlePaid UK grocery inflation falls to 30-month low: Grocery price growth eases to 3.2% in four weeks to mid-April as retailers focus on special offers
ft.com/content/da639524-3d28-42de-b494-57be5af69628
Paid articlePaid Boris Johnson breached rules by not disclosing links with hedge fund: Whitehall watchdog accuses former UK prime minister of being ‘evasive’ around tie to Merlyn ...
ft.com/content/ece2996d-10dd-44c0-a62f-94f774f10977
Paid articlePaid Got any questions for our Head of Investigations @pmorganbentley ?
He'll be responding to people at 5pm on @Reddit Show more
Quick Glance: Innovative Advertising Strategies on Reddit
- Reddit recently introduced an innovative ad format aimed at selling products to Reddit users.
- Through Reddit's Dynamic Product Ads, users are automatically shown ads based on their previous interactions with products on the advertiser's website or on Reddit.
- In a blog post, Reddit emphasized its clear focus on ad sales and the natural commercial aspect of the Reddit community.
- The introduction of Dynamic Product Ads is a step in Reddit's strategy to expand its advertising business and drive growth.
Spotify hits record quarterly profit as it enters ‘new phase’: Pioneer of music streaming kicks off more mature era for its business after years of freer ...
ft.com/content/b6353fb2-a149-46ae-bb12-901e65d2c445
UK Economists Say Markets Betting Wrong on Interest Rate Cuts: The Bank of England has found itself caught in the middle of a trans-Atlantic divide over who will ...
bloomberg.com/news/articles/2024-04-22/uk-economists-say-markets-betting-wrong-on-interest-rate-cuts
UK police charge two men with spying for China
reut.rs/4aHN4XD
Quick Glance: Charges Filed Against UK Ex-Parliamentary Researcher for 'China Espionage'
- London's Metropolitan Police has accused two men, researcher Christopher Cash and Christopher Berry, of violating the Official Secrets Act.
- The charges coincided with the announcement of the arrest of three German nationals suspected of spying for China and accessing secret maritime technology by German investigators.
- The British duo is alleged to have transmitted 'articles, notes, documents or information' to a foreign state between 2021 and the previous year.
- In September, the Met Police disclosed the arrest of a man in his twenties on espionage suspicions. The Sunday Times revealed his parliamentary researcher identity.
Yen Approaches Intervention Point as BOJ Meeting Starts: Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to ...
bloomberg.com/news/articles/2024-04-25/yen-inches-closer-to-intervention-point-as-boj-meeting-starts
Paid articlePaid ‘I’ll be happy on the UK state pension in Italy, a glass of wine is just £2.50’: Linda Winter sold her £250,000 property in Plymouth and bought a 15th-century ...
inews.co.uk/news/world/happy-uk-state-pension-italy-3015869
Nestlé hit by slowing frozen pizza sales in North America: US consumers’ changing habits in response to high prices takes toll on demand
ft.com/content/410bc0da-f2b0-4836-b114-e59921f8b41d
MEPs call to seize Russia’s hundreds of billions in frozen assets: Lawmakers want to see more support for Ukraine as US and UK counterparts advance.
euronews.com/my-europe/2024/04/23/meps-call-to-seize-russias-hundreds-of-billions-in-frozen-assets
Quick Glance: State Customs Service: Polish Protesters Cease Border Blockade
- The blockade by Polish protesters at the Yahodyn-Dorohusk border crossing on the Polish-Ukrainian border was lifted by Ukraine's State Customs Service on April 22.
- Traffic flow in both directions was restored as of 1:40 p.m.
- As per Valentyna Chernysh, a representative of the customs office in Volyn Oblast, there were 400 trucks queued on the Polish side of the border, with an additional 140 in a digital queue.
- Despite a reduction in border blockades, the State Customs Service indicated on April 17 that Polish protesters intended to block the Korczowa-Krakovets border crossing for a two-day period.
Lawsuit accuses Grindr of illegally sharing users' HIV status: LGBTQ+ dating app's maker previously denied selling sensitive user data
theregister.com/2024/04/22/class_action_suit_data_protection_uk_grindr/
Quick Glance: Lawsuit Alleges Grindr's Unauthorized HIV Status Disclosure
- A group of 670 individuals have joined a class action lawsuit against LGBTQ+ dating app Grindr in the UK seeking damages for the alleged unauthorized disclosure of HIV status and other sensitive data to third parties.
- The lawsuit claims that Grindr violated UK data protection laws by sharing user data without consent, particularly data disclosed before April 3, 2018, and between May 25, 2018, and April 7, 2020.
- Researchers from SINTEF in 2018 published information indicating that Grindr was sharing user data, including HIV status, with analytics companies, sparking intense criticism and prompting changes to the company's privacy policy.
- Grindr was fined 65 million Norwegian kroner for violating GDPR consent rules, leading to further legal issues in the US.
Frank Field, Labour MP and peer, dies aged 81: Former minister revealed last year that prostate cancer had spread to his jaw
thetimes.co.uk/article/frank-field-dies-dead-labour-mp-3q5dsl0nt
Paid articlePaidQuick Glance: Farewell to Frank Field: A Life Dedicated to Social Justice
- The former Labour minister and advocate for poverty alleviation, Frank Field, has passed away at the age of 81.
- Throughout his career in Westminster, Lord Field championed social causes such as child poverty and modern slavery for over four decades.
- Field succumbed to a long battle with cancer in a care home in London. He advocated for a 2021 bill on assisted dying in England and Wales.
- His family emphasized that Field will be mourned by admirers in the political realm, but most of all missed by those fortunate enough to have experienced his laughter and friendship.
US, UK, Japan Propose Additional World Bank Funds to Boost Lending: Eleven rich countries including Japan, the UK and US proposed providing the World Bank with ...
bloomberg.com/news/articles/2024-04-19/rich-nations-propose-11-billion-for-world-bank-to-boost-lending
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Kate Garraway goes 'missing' from Good Morning Britain as she's replaced: Good Morning Britain viewers were left puzzled today as Kate Garraway failed to appear ...
mirror.co.uk/tv/tv-news/kate-garraway-goes-missing-itv-32666715
Liz Truss refuses to apologise for sparking mortgage rate rise - but admits one failing as PM
news.sky.com/story/liz-truss-refuses-to-apologise-for-sparking-mortgage-rate-rise-but-admits-one-failing-as-pm-13119635
England and Scotland: Two million Brits report Long Covid symptoms: Since the start of the corona pandemic, the number of long-term sick people in Great Britain ...
spiegel.de/ausland/long-covid-in-grossbritannien-zwei-millionen-menschen-berichten-von-symptomen-a-f3d06eb6-553d-4f32-be34-d39194c4128e
Google can’t quit third-party cookies—delays shut down for a third time: Google says UK regulator testing means the advertising tech will last until 2025.
arstechnica.com/gadgets/2024/04/google-delays-third-party-cookie-death-again-now-scheduled-for-2025/
Quick Glance: Alphabet Revenue Surges Amid AI Boost and Staff Turmoil
- Alphabet's revenue rises due to artificial intelligence integration in products like Google Docs and Cloud services. The company exceeds investor expectations and issues its first dividend.
- Google recorded $80.5 billion in revenue for the first quarter of 2024 with earnings of $1.89 per share, marking a 15% year-over-year increase. Internal and external turmoil have impacted Google despite its financial success.
- Despite internal issues and protests, Google's parent company, Alphabet, continues to thrive in the stock market, reaching all-time highs and grappling with legal challenges such as an ongoing antitrust trial.
- Google faces various legal challenges, including lawsuits from European media companies and backlash over contracts with the Israeli government. Recent layoffs and internal restructuring reflect the company's response to ongoing controversies and protests.
UK insurers told to keep motor charges 'reasonable' after backlash: The Association of British Insurers (ABI) told its members on Thursday to keep monthly ...
reuters.com/world/uk/uk-insurers-told-keep-motor-charges-reasonable-after-backlash-2024-04-24/
Make Shopping Fun Again: Julian Harris: Grocery shopping — you either love it or hate it.
bloomberg.com/news/newsletters/2024-04-25/make-shopping-fun-again-julian-harris
BOE Chief Economist Huw Pill Says He’s Cautious on Interest Rate Cuts: Bank of England Chief Economist Huw Pill said he’s erring on the side of caution in ...
bloomberg.com/news/articles/2024-04-23/boe-chief-economist-says-uk-is-getting-closer-to-rate-cuts
Nvidia is also there: Will these 2 AI stocks actually crash by up to 65% soon?: On Friday, AI stocks like Nvidia suffered a severe setback on the stock exchanges ...
boerse-online.de/nachrichten/aktien/auch-nvidia-ist-dabei-stuerzen-diese-2-ki-aktien-tatsaechlich-bald-um-bis-zu-65-ab-20355935.html
Man and woman charged over £1000 dine and dash theft: Ann McDonagh, 39, and Bernard McDonagh, from Port Talbot in Wales, have been charged with five counts of ...
metro.co.uk/2024/04/24/two-people-charged-dine-dash-spree-wales-20709589/
UK Is Falling Behind US in the Race for AI, BOE’s Haskel Says: The US is leading the UK on AI investments, raising concerns about a widening productivity gap ...
bloomberg.com/news/articles/2024-04-18/uk-is-falling-behind-us-in-the-race-for-ai-boe-s-haskel-says
Freezing nights to come before Arctic air moves away from UK over weekend: The Met Office said temperatures in parts of northern England and Scotland could ...
itv.com/news/2024-04-24/freezing-nights-to-come-before-arctic-air-moves-away-from-uk-over-weekend
Prince Harry 'furious and in tears' over Frogmore Cottage eviction: King Charles requested that he give up the keys to the cottage on Windsor Great Park ...
metro.co.uk/2024/04/21/prince-harry-furious-tears-frogmore-cottage-eviction-20687185/
AFC Joins $20 Billion Morocco-to-UK Subsea Power Export Project: Africa Finance Corp. will join a group of companies developing a project to produce solar and ...
bloomberg.com/news/articles/2024-04-22/afc-joins-20-billion-morocco-to-uk-subsea-power-export-project
Lloyds profits fall as interest rate benefits wane: Competition in savings and mortgage markets and rate cut expectations weigh on margins
ft.com/content/4086d32f-142c-411e-8f48-139957fcdde6
What are the new post-Brexit border controls starting on April 30?: On April 30, the second phase of Britain's new post-Brexit border controls for food imports ...
reuters.com/world/europe/what-are-new-post-brexit-border-controls-starting-april-30-2024-04-22/
UK inflation falls less than expected to 3.2% in March: Rate continues to drop but economists had forecast a decline to 3.1%
ft.com/content/f70f52d1-87ac-42f9-a0c3-be3e5e88d711
Paid articlePaidQuick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
BOE Official Warns of ‘Bumpy’ Last Mile in Inflation Fight: Bank of England policy maker Megan Greene said developed economies including the UK face a “bumpy ...
bloomberg.com/news/articles/2024-04-17/boe-official-warns-of-bumpy-last-mile-in-inflation-fight
Paid articlePaid UK car output falls in March as EV-transition gears up, says industry body: Britain's car production fell 27.1% year-on-year in March as manufacturers wound down ...
reuters.com/business/autos-transportation/uk-car-output-falls-march-ev-transition-gears-up-says-industry-body-2024-04-24/
As Biden, Sunak pledge more cruise missiles for Ukraine, Germany’s Scholz adamant on Taurus refusal
politico.eu/article/joe-biden-rishi-sunak-olaf-scholz-ukraine-taurus-missiles/
Fintech firm Revolut plans to hire 1,500 staff by end of year: British fintech company Revolut has added nearly 2,000 employees since the start of 2024 and plans ...
reuters.com/business/finance/fintech-firm-revolut-plans-hire-1500-staff-by-end-year-2024-04-24/
The UK Stock Market is Shrinking. Here's How to Save It.: Endless outflows need to be stopped — Charles Hall of broker Peel Hunt explains how and why.
bloomberg.com/news/newsletters/2024-04-19/the-uk-stock-market-is-shrinking-here-s-how-to-save-it
LIVE: Britain's Rishi Sunak visits military base in Poland: Reuters Live on X (Twitter)
twitter.com/i/broadcasts/1MYxNoqYLebKw
Bitcoin Holds Steady After ‘Halving’ Concludes: Bitcoin price falls slightly after the fourth ‘halving’ event concludes.
barrons.com/articles/bitcoin-ethereum-price-crypto-markets-today-6266eba3
Paid articlePaid China’s ageing tech workers hit by ‘curse of 35’: Discrimination against older employees particularly apparent in sector where executives openly state preference ...
ft.com/content/5cf306ad-3a39-4357-b7b3-1d2644bb13a7
Handbags and China demand boost sales at Hermès : Maker of Birkin bags beats expectations with strong demand for leather goods and jewellery as it defies luxury ...
ft.com/content/75033288-8e69-42e1-b4cf-5457a9c129a9
Europe's bank earnings to offer interest rate reality check: Investors should get a clearer picture this week of whether higher interest rates are still boosting ...
reuters.com/business/finance/europes-bank-earnings-offer-interest-rate-reality-check-2024-04-22/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Girl, 9, ‘kidnapped’ outside Harrods in London as man arrested: A man has been arrested on suspicion of kidnapping after a girl, nine, was 'snatched' ...
metro.co.uk/2024/04/23/girl-9-kidnapped-outside-harrods-london-man-arrested-20703791/
Rishi Sunak Goes to Warsaw: The Readout With Aibhe Rea: Hi there, I’m Ailbhe Rea, a Bloomberg UK Associate Editor based in Westminster. Hope you enjoy today’s ...
bloomberg.com/news/newsletters/2024-04-23/rishi-sunak-goes-to-warsaw-the-readout-with-aibhe-rea
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