Political/General News
- Finance
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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Vernon Jordan, activist and former Clinton adviser, has died at 85
ATLANTA (AP) — Vernon Jordan, who rose from humble beginnings in the segregated South to become a champion of civil…
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Neera Tanden is out as Biden’s OMB nominee
The White House will withdraw the nomination of Neera Tanden for director of the Office of Management and Budget, in…
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Lyft sees best week for rides since pandemic began, stock rises sharply
In the best sign yet of a recovery in ride hailing, Lyft Inc. said Tuesday that it saw its largest…
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Dr. Seuss is not canceled — but six of his books are being shelved over racist images
Dr. Seuss hasn’t aged well. The late Theodor Seuss Geisel, aka Dr. Seuss, was born 117 years ago this Tuesday.…
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City hedge fund manager’s suicide indicative of wider sector Covid stress
A hedge fund manager who took his own life last year was experiencing high stress amid a tough time for…
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25 stocks of companies backed by rapid earnings growth as the economy reopens
With the pace of new COVID-19 cases slowing, many investors expect economic growth to accelerate over the course of 2021.…
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‘Before Covid, WFH was seen as a day at the golf course’: How the pandemic changed the City forever
On a cold, wet morning on 5 March 2020 around 100 equity research analysts were ushered down a fire escape…
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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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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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Almost a quarter of companies will be net zero by 2030, say Fidelity analysts
Analysts working at investment giant Fidelity International, the $706bn asset manager, predict almost a quarter of all the companies they…
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Covid-19 is causing a ‘shecession’ as pandemic impacts gender equality at work
The pandemic is causing a “shecession”, as progress for women in work falls back to 2017 levels, a PwC report…
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Hyatt Hotels condemns ‘abhorrent’ hate symbols and ‘disrespectful’ CPAC guests following conservative conference
Looks like Hyatt might have reservations about hosting the Conservative Political Action Conference in the future. Hyatt Hotels Corp. H,…
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WSJ News Exclusive | Oil Trade Group Is Poised to Endorse Carbon Pricing
WASHINGTON—The oil industry’s top lobbying group is preparing to endorse setting a price on carbon emissions in what would be…
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Zoom earnings roared to nearly $1 billion in 2020, and the stock is rising again
Zoom Video Communications Inc.’s rip-roaring ride resumed its meteoric trajectory Monday, with shares jumping as the company detailed the results…
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Stressed about saving for retirement? Focus on your ‘bottom line’
The cost of living is high — for some more than others — but a few changes in spending can…
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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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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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Six cases of Brazil variant detected in the UK: Here’s what you need to know
The UK’s health officials are desperately trying to locate an individual who was infected with a strand of the coronavirus…
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Dow climbs over 500 points to start March as 10-year Treasury yield retreats
U.S. stock-market benchmarks rose to kick off trade in March, with some strategists attributing the enthusiasm to a cool-down in…
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China Got Its Economy Growing Again, but a Shortfall in Babies Will Be Harder to Fix
China may have blunted the pandemic’s impact on its economy, but a shortfall in babies is clouding its growth horizon.…
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$1.9 trillion coronavirus aid package set to clear House late tonight
House Democrats hope to clear President Joe Biden’s $1.9 trillion economic package late Friday and send it on to the…
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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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This CPAC ‘golden calf’ Trump statue is spurring backlash of Biblical proportions
This is pure Twitter gold. The 2021 Conservative Political Action Conference (CPAC) kicked off in Orlando this week with someone…
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Consumer sentiment improves slightly in late February, but Americans still have big doubts about the economy
The numbers: Americans are still unsure how rapidly the U.S. economy will recover from the pandemic and restore millions of…
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Kalifa Review: All you need to know about the UK’s 106-page fintech report
Greater government oversight, hand-holding by regulators and a £1bn growth capital fund must be considered at pace if the UK…
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London’s left behind as England’s 15 least vaccinated areas located in the capital
The 15 areas in England to have vaccinated the lowest proportion of adults so far are all in London. The…
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Covid has ravaged the UK’s finances — can Chancellor Rishi Sunak fix this?
Balancing the UK’s fiscal policies over the next year will be an unforgettable challenge for Chancellor Rishi Sunak. The keeper…
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Biden orders airstrikes against Iran-backed militia in Syria
WASHINGTON — The United States launched airstrikes in Syria on Thursday, targeting facilities near the Iraqi border used by Iranian-backed…
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$15 minimum wage won’t make it into Biden’s $1.9 trillion COVID relief package — but lawmakers have other options
Democratic lawmakers pushing to increase the federal minimum wage to $15 an hour were elated when President Joe Biden included…
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Airbnb lost nearly $4 billion during holiday quarter, but still held up better than online travel rivals
Airbnb Inc., the online-lodging booking platform that executed one of the largest initial public offerings of 2020 despite operating in…
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Why the Bank of England needs a monetary framework review to keep policy at the frontier
The Bank of England has built an enviable reputation as a central bank at the forefront of modern policymaking. This…
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‘We would have to resist very firmly’: BoE’s Bailey braces for €84tn Brexit battle for London’s derivatives crown
The Bank of England governor Andrew Bailey issued a warning about how the Brexit battle for London’s financial crown could…
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Vanguard, BlackRock singled out for $170bn coal exposure
Vanguard and BlackRock, the world’s two largest asset managers, have been singled out for having the highest exposure to the…
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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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Chuka Umunna calls out UK investment body over ethnic diversity push
The Investment Association has been called out for a lack of ethnic diversity on its board, after itself urging some…
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Jefferies backtracks on staff jab plan after memo demanded ‘verification of vaccination’
US investment bank Jefferies has backtracked on a policy that would have required all of its staff to receive a…
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Atom Bank sets sights on IPO by 2023 amid £40m fundraising
British challenger Atom Bank has said it plans to go public within the financial year 2022-23 as it nears profitability…
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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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Goldman Sachs boss David Solomon slams WFH as an ‘aberration’
Goldman Sachs chief executive David Solomon has sent the clearest message yet to homebound traders and investment bankers — don’t…
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AXA takes €1.5bn hit from Covid-19 claims
Insurance giant AXA took a €1.5bn hit due to claims as a result of the global pandemic that took hold…
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UK investors ratchet up pressure on companies over ethnic diversity
The UK’s fund management lobby group will turn up the heat on companies in the coming months over ethnic diversity in…
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JPMorgan and Sutton Trust launch $4.8m bursary fund for low-income students
US investment bank JPMorgan Chase and the Sutton Trust have launched a £4.8m bursary fund for university students to improve…
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This stock fund may be for you if you want to sleep well at night and still make money
Just about every financial adviser recommends that individual investors avoid timing the stock market. That advice can go in one…
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The new USPS trucks are delivering strong reactions — here are some first-class responses
These new mail trucks don’t have everyone’s stamp of approval. The U.S. Postal Service (USPS) has rolled out a preview…
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Dow up over 400 points to carve out fresh record in 2nd day of Powell testimony
The Dow Jones Industrial Average on Wednesday afternoon surged to an intraday record and stocks erased early losses, as Federal…
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Global COVID cases fall for a sixth straight week as hopes for J&J vaccine are bolstered by FDA data
The U.S. Food and Drug Administration said Wednesday the vaccine developed by Johnson & Johnson appears safe in inoculating against…
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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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