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Low-paid women have been hurt most by the recession, and they risk being left behind by the recovery
Breadcrumb Trail Links Economy Kevin Carmichael: The math suggests a disproportionate number of women are on a path to long-term…
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BDC Snapshots: Intra-regional economic integration would boost Maghreb economies
The economic implications of the coronavirus pandemic have raised questions about the prospects for economic integration within the Maghreb, which…
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بالأرقام من مركز بروكنجز الدوحة: التكامل الاقتصادي بين دول المغرب العربي سيعزّز اقتصاداتها
طرحت التداعيات الاقتصادية لجائحة فيروس كورونا المستجدّ أسئلةً حول إمكانات التكامل الاقتصادي ضمن منطقة المغرب العربي حيث تُعتبر معدّلات التبادل…
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Credit Suisse spotted early signs of trouble brewing at Greensill Capital
Credit Suisse Group knew since 2019 that supply-chain finance funds it ran with Greensill Capital were too reliant on a…
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City of London Corporation launches fleet of electric bin lorries
The City of London Corporation will run a full fleet of electric refuse collection vehicles. In a 4 March statement,…
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FCA bans ex-Stifel trader for market abuse
The Financial Conduct Authority has banned a former Stifel Nicolaus Europe market-making trader from regulated activity and fined him £52,500…
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Vaccine rollout helps end dry spell for UK equity fund inflows
Investment funds that invest specifically in UK-listed companies turned a corner in February, with the rapid rollout of Britain’s Covid…
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KPMG UK agrees sale of restructuring business in PE-backed management buyout
KPMG UK has agreed to sell its restructuring unit in a management buyout backed by private equity firm H.I.G. Europe.…
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Budget 2021: Corporation tax will bite most profitable UK companies
Chancellor Rishi Sunak’s move to raise corporation tax to 25% from 19% by 2023 has been greeted with resigned acceptance…
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Budget 2021: Five key takeaways for the City
The Chancellor of the Exchequer Rishi Sunak has delivered his Budget for 2021, announcing a raft of changes to ensure…
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Budget 2021: Sunak urges Bank of England to think ‘creatively’ to boost City post Brexit
Chancellor Rishi Sunak has asked the Bank of England to think “creatively” in ensuring the UK’s financial services industry remains…
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Private payrolls growth well short of expectations for February, ADP says
Private payroll growth disappointed in February despite otherwise encouraging signs of economic growth, according to a report Wednesday from ADP.…
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Economists see first signs in data that vaccine is working
Economists following the high-frequency data on virus infections are seeing initial signs that the vaccine is having positive effects on…
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Financial services firms move £1.3tn out of UK since Brexit vote
Financial services firms have said they have moved £1.3tn from the UK to the EU since the 2016 Brexit referendum. Data…
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Here’s what UK fintech says the Kalifa Review got wrong
On 26 February, the long-awaited Kalifa Review of the UK fintech sector landed to great fanfare. Authored by former Worldpay…
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Regulators monitor Greensill as financier scrambles to sell core parts of business
Pressure mounted on embattled SoftBank Group-backed Greensill Capital as it scrambled to sell core parts of its business and regulators…
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Slow vaccine rollout in Canada expected to be a drag on economic recovery
Breadcrumb Trail Links News Economy ‘We will be looking at a greater number of business closures … the longer the…
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In the Middle East, poverty is down but economic grievance is up. Why?
The political economies of the Arab world present a fascinating but puzzling paradox. On the one hand, the region’s trajectory…
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The record boom in blank-cheque firms could make 2021 the year of the Spac
The boom in special purpose acquisition companies – or Spacs – is set to continue and this year looks on…
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Making the City best for business is more important than trade deals
The dramatic migration of share trading from London to Amsterdam and the foot-dragging by Brussels over granting UK access to…
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Fed policy changes could be coming in response to bond market turmoil, economists say
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott |…
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Amazon Workers’ Union Drive Reaches Far Beyond Alabama
Players from the National Football League were among the first to voice their support. Then came Stacey Abrams, the Democratic…
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FOMO driving billionaire hedge fund boss Daniel Loeb to ‘deep dive’ into cryptos?
Daniel Loeb, chief executive of hedge fund Third Point, said he has been on a “deep dive” into cryptocurrency recently…
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EU plans Covid-19 digital passport in time for summer
The EU will propose Covid-19 passports to facilitate travel within the bloc later this month in time for the summer,…
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Greensill Capital faces possible insolvency after Credit Suisse suspends investment funds
Greensill Capital is headed toward a rapid unraveling after Credit Suisse Group suspended $10bn of investment funds that fuelled the…
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Over 60s to start receiving jabs as Brazil variant hunt continues
Over 60s are now being invited to receive the coronavirus vaccine, health secretary Matt Hancock has said, as a hunt…
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Execs at City watchdog FCA face pay cuts amid fallout from LCF collapse
The City watchdog’s executive committee members face pay and bonus cuts as part of the fallout from the collapse of…
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Klarna valued at $31bn after Swedish fintech raises $1bn from funding round
Swedish payments giant Klarna has closed a fresh $1bn financing round, pushing the company’s valuation up to $31bn ahead of…
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Jane Fraser tasked with refreshing Citigroup
Jane Fraser wants to simplify Citigroup the original megabank. That won’t be easy. On 1 March, Fraser took over as chief executive…
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Credit Suisse explores ways to reduce links to Greensill Capital over Gupta exposure
Credit Suisse Group is looking at ways to reduce ties to Greensill Capital over concerns about the specialty finance firm’s…
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The program that could revitalize both red and blue America
Just one month into his term, President Joe Biden faces challenges on multiple fronts. Quelling the COVID-19 pandemic. Delivering on…
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America’s young people need jobs. The federal government should pay for them.
It’s hard to get a foothold in the labor market when it is crumbling beneath your feet. Young people just…
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Why the Brexit battle over London’s derivatives dominance may drag on for years
The battle for London’s trading and clearing of derivatives is heating up. But it probably won’t be settled any time…
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Hedge funds slash bearish bets in GameStop aftermath: ‘Wow, this could be me’
Investors have pared back their bearish bets a full month after the GameStop frenzy took off, showing the lasting effects…
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Income and Spending Gains Are Latest Sign of Economic Recovery
Personal income was up a remarkable 10 percent in January, the Commerce Department reported on Friday, but the increase was…
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JPMorgan CFO Jennifer Piepszak says investment banking fees could be up 30% on Q1 2020
Investment banking fees at JPMorgan in the first quarter are likely to be up over 30% on the same period…
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St James’s Place to axe 200 jobs after Covid hit to profits
St James’s Place, the UK listed wealth manager, plans to axe 200 jobs following an almost 40% drop in pre-tax…
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We need to do more to attract IPOs to London
Let’s be frank with each other: London’s enduring success as a global financial centre reaches well beyond any of the…
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Linklaters set to become second Magic Circle law firm to elect female senior partner
Linklaters looks likely to become the second Magic Circle law firm to have a woman lead the firm as senior…
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EU regulator to probe zero-commission stock trading: ‘There’s no such thing as a free lunch’
European market officials will analyse the risks of zero-commission stock trading apps such as Robinhood in the wake of the…
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Global travel uncertain, UK’s transport secretary warns, as EU discusses vaccine passports
Travel should be able to resume on 17 May but it is dependent on “lots of factors, many of which…
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Pay slashed for StanChart chief Bill Winters amid missed targets, 40% profit drop
Standard Chartered has announced a dividend and share buyback scheme amid falling profit, along with a cut to the chief executive’s…
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Amid Shortfalls, Biden Signs Executive Order to Bolster Critical Supply Chains
WASHINGTON — Automakers have been forced to halt production because of a lack of computer chips. Health care workers battling…
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Citi’s Leo Arduini: ‘European players are back big time’
Leo Arduini was skiing in Italy last February when he realised just how much of a threat Covid-19 would pose…
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Mandatory gender pay gap reporting to restart from October
Companies will have to resume reporting their gender pay gap reporting from October 2021, the Equality and Human Rights Commission…
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HSBC plans $6bn in Asia investments as profits slump by 34%
HSBC is sticking to cost-cutting measures that will see it strip out 35,000 jobs and will invest up to $6bn…
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HSBC plans 40% office space cut as Covid shifts bank to flexible working
HSBC is cutting its global office space by up to 40%, as the vast remote working programme over the course of the…
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BMO, Scotiabank see economic winds favouring U.S. amid speedier vaccine rollout
Breadcrumb Trail Links News Economy Canada’s recovery may lag its southern neighbour by up to six months Author of the…
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No New Taxes in N.J. as Pandemic Forecast Turns ‘Less Bad’
“Even as we continue to confront the pandemic’s challenges, we cannot — and we will not — sit still,” the…
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Lockdown lift to allow gatherings by Easter, open schools on 8 March
Prime Minister Boris Johnson will set out his roadmap today to ease pandemic restrictions that have been in force for the…
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