Universal Music Group’s shares leapt more than a third in their stock market debut on Tuesday as investors bet a boom in music streaming still has a long way to run. The world’s biggest music label, which represents musicians and song catalogs from Billie Eilish to The Rolling Stones and Bob Dylan, saw its market…
UK Factories Struggle to Meet Demand Amid Supply Chain Crisis: Survey
UK factories have seen order books swell to a record high this month but output growth slowed sharply as they struggled to meet demand amid the supply chain crisis, according to a survey. The latest industrial trends survey by the CBI business body revealed manufacturers reported order books at their strongest level since records began…
National Express in Talks for All-Share Takeover of Stagecoach
LONDON—British transport company National Express is in talks to acquire rival operator Stagecoach Group in an all-share deal, offering scope for cost savings and underpinning their recovery from COVID-19. The tie-up, which would value Stagecoach at about 445 million pounds ($609 million), comes as government support to help the companies get through the pandemic is…
UK Job Vacancies Driven by Low-Paid Roles, IFS Says
September 21, 2021
admin
Business & EconomyEconomiesInstitute for Fiscal Studiesjob vacanciesOffice for National StatisticsUKWorld
0 Comment
Recent data showing high job vacancies in the UK is being entirely driven by low-paid occupations, according to research. The Institute for Fiscal Studies (IFS) think tank said around a quarter of the workforce is seeing job vacancies in occupations relevant to them at least 10 percent below pre-pandemic levels. The IFS said this means…
Evergrande Chairman Gives Pep Talk Despite Global Fears Over Default
The chairman of Evergrande Group showcased his faith in the company to get out of its “darkest moment” as soon as possible. The company will fulfill its promise to deliver under-construction projects to home buyers, Chairman Hui Ka Yan said in a letter to employees on the day of China’s Mid-Autumn festival. Evergrande announced on…
Inflation to Rise Faster Than Previously Projected: OECD
Consumer prices in the United States and most other leading economies will rise faster than previously anticipated and will settle above pre-pandemic levels, the OECD said in its newest economic outlook, while urging central banks to set out clear strategies for managing inflationary pressures. The headline rate of consumer price inflation is projected at 3.7…
JPMorgan Predicts Weak Jobs Recovery as Fed Officials Mull Policy Moves Around Stimulus
A JPMorgan model for forecasting job creation in the U.S. economy predicts another weak number for September, on the back of a reduction in consumer spending in sectors like travel and leisure. The predictive model, created by the bank’s quantitative research team, projects September’s nonfarm payrolls number to come in at 333,000. While that would be…
Regulators Not up to Speed on Banks’ Digital Marketplaces, EU Watchdog Says
September 21, 2021
admin
applebanksBusiness & EconomyCitiCompaniesdigitalEconomiesEUEuropeGoogleMarketplacesMedia & Big TechregulatorsTechTech NewswatchdogWorld
0 Comment
LONDON—Regulators have little understanding of risks from banks creating digital marketplaces with tech companies and a framework is needed to spot potential contagion if things go wrong, the European Union’s banking watchdog said on Tuesday. The European Banking Authority’s warning is the latest sign that financial regulators are starting to pay more attention to Big…
UK Government Rules out Bailout for ‘Badly Run’ Energy Firms
The British government has said it has no intention to bail out energy firms that are struggling amid rising wholesale gas prices. Wholesale gas prices have increased by 250 percent since January, with a 70 percent rise since August alone, leading to the demise of some smaller energy firms. Business Secretary Kwasi Kwarteng said on…
Germany Warns of Lost US Trust Over Australia Deal as France Wins EU Support
September 21, 2021
admin
AustraliaBusiness & EconomyCompaniesdealEconomieseconomyEUEuropeFranceGermanyInvestmentsupporttrustUKUSWorld
0 Comment
BRUSSELS—Germany joined France on Tuesday in berating the United States for negotiating a security pact in secret with Australia and Britain that cost Paris a lucrative defence deal, while the EU’s top official said such behaviour was unacceptable. In a concrete signal of the bloc’s outrage, EU ambassadors postponed preparations for an inaugural trade and…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta