Political/General News
- Market
$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…
Read More » - Market
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…
Read More » - Market
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…
Read More » - Finance
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…
Read More » - Finance
BA owner calls for digital vaccine passports to kickstart travel, boost ailing industry
The International Airlines Group, which owns British Airways, has called on the government to introduce digital Covid-19 vaccine passports so…
Read More » - Finance
EU to roll out digital vaccine passports to restart travel within the bloc
Leaders of the European Union have agreed that a “digital vaccination certificate” is necessary to allow travel within the bloc.…
Read More » - Market
$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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Market
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…
Read More » - Market
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…
Read More » - Finance
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…
Read More » - Finance
‘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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Market
Positive news on COVID vaccines weighs against concerns over new variants
The COVID-19 vaccine developed by Pfizer Inc. and German partner BioNTech SE has proved to be as effective in the…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Market
Dow ends shy of 32,000 milestone, books record as Powell testimony awakes bulls on Wall Street
The Dow Jones Industrial Average on Wednesday closed at a record, just shy of the 32,000 milestone, after Federal Reserve…
Read More » - Market
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…
Read More » - Market
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…
Read More » - Finance
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…
Read More » - Market
New home sales rise as buyers remain hamstrung by the lack of property listings
The numbers: Sales of newly built homes occurred at a seasonally-adjusted annual rate of 923,000 in January, the U.S. Census Bureau reported…
Read More » - Finance
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…
Read More » - Market
J&J’s COVID-19 vaccine nears authorization as FDA says it has no ‘specific safety concerns’
The Food and Drug Administration said that Johnson & Johnson’s single-dose COVID-19 vaccine candidate has no unexpected safety concerns, in…
Read More » - Market
These are the stocks helping to tank the high-flying ARK Innovation ETF over the past week
(Updates story with closing prices for Feb. 23.) The Ark Innovation ETF has been a top performer. But there are…
Read More » - Finance
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…
Read More » - Market
Billionaire philanthropy is a ‘PR scam,’ says CEO who raised his workers’ minimum pay to $70,000
He’s not buying what America’s billionaires are selling. The CEO known for increasing his employees’ base annual pay to $70,000…
Read More » - Finance
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…
Read More » - Finance
Roadmap to lift UK’s third lockdown: Here’s the timeline plus what you can and can’t do
Prime Minister Boris Johnson has set out plans to “cautiously but irreversibly” lift the UK out of its third national lockdown,…
Read More » - Market
U.S. death toll atop 500,433 as Biden calls for unity, face masks and vaccination ‘when it’s your turn’
Just one day after the U.S. recorded half a million deaths from the coronavirus-borne illness COVID-19, the death toll hit…
Read More » - Finance
Working from home set to continue until June under lockdown exit roadmap
Mass working from home will continue until June at the least under a roadmap to exit lockdown laid out by…
Read More » - Finance
‘A necessity, not a token’ – What it’s like to be LGBTQ+ in fintech and the City
As the City tries to become more diverse, companies are considering who to turn to for answers. In 2021, diversity…
Read More » - Finance
Signal sees ‘record pace’ of new users as WhatsApp goes ahead with controversial privacy update
New users are flocking to the encrypted messaging app Signal “at a record pace”, as WhatsApp pushes forward with a controversial…
Read More » - Market
Worldwide chip shortage expected to last into next year, and that’s good news for semiconductor stocks
A global shortage of semiconductors has pushed chip stocks to record highs, and analysts expect that chips will continue to…
Read More » - Finance
Billionaire fund manager Alan Howard takes stake in British bitcoin startup
Billionaire hedge fund mogul Alan Howard and a selection of current and former Goldman Sachs partners are among the backers…
Read More » - Finance
Coronavirus cases in London drop to 1 in 125 positive tests in mid-February
One in 125 people in London tested positive for Covid-19 on 12 February, the Office for National Statistics estimated in…
Read More » - Market
Facebook will restore news stories in Australia after government agrees to amend bill
Facebook Inc. will restore links to news articles in Australia, five days after blocking news from its platform in response…
Read More » - Finance
Invesco tops ‘dog funds’ list for sixth time
Invesco has topped a twice-yearly list of worst-performing investment funds for the sixth time running, with almost a dozen of…
Read More » - Market
U.S. COVID deaths top 500,000 as experts look to FDA meeting on J&J’s one-dose vaccine
The U.S. surpassed half a million deaths from the coronavirus-borne illness COVID-19 on Monday, as experts braced for a Food…
Read More » - Finance
UK to review Covid certificates in a move towards reopening venues
The UK government will conduct a review into the potential role of Covid-status certification in helping venues reopen safely as…
Read More » - Finance
City of London to halt the removal of slavery-era statue
The removal of a statue depicting a former London lord mayor from the 18th century has been halted, after a…
Read More »
