Britain facing severe unemployment crisis
Despite fewer redundancies in the UK last month, economists warn unemployment is on course to rise. Around 650,000 people lost their jobs between March and June but the pace of decline slowed in June,...
Hong Kong bankers heading to UK to dodge Chinese law
[caption id="attachment_612445" align="alignleft" width="152"] Andy Jalil[/caption] With the Chinese government having imposed a controversial national security law in Hong Kong to crackdown on...
IMF warns of $12 trillion hit to economy from virus
[caption id="attachment_614466" align="alignleft" width="225"] Andy Jalil[/caption] The coronavirus pandemic will trigger the biggest hit to global growth since the Great Depression and cost the...
Bank of England boosts stimulus, holds rates
[caption id="attachment_614466" align="alignleft" width="147"] Andy Jalil[/caption] The Bank of England (BoE) will expand its bond-buying programme by £100bn to help steer the UK economy through the...
UK property prices at 10-year low
[caption id="attachment_614466" align="alignleft" width="166"] Andy Jalil[/caption] A gauge of UK house prices hit its lowest level in a decade in May, but signalled confidence ahead as the country...
BoE tells banks to prepare for a no-deal Brexit
[caption id="attachment_591058" align="alignleft" width="120"] Andy Jalil[/caption] Bank of England (BoE) Governor Andrew Bailey has told UK banks to ramp up their preparations for a no-deal Brexit...
Global trade set to plunge steeply: WTO
[caption id="attachment_591058" align="alignleft" width="120"] Andy Jalil[/caption] The World Trade Organisation’s gauge of the health of global trade fell to 87.6, it's lowest reading since the...
Impact of coronavirus on Britain’s retail sector
Even before the full effect of this deadly virus is known – and that’s still a long while away – it has already made a severe impact on UK’s retail sector, among various others. Shops on...
Impact of coronavirus will slash bankers’ jobs
Numerous investment bankers in the financial district of London are set to lose their jobs amid a slump in dealmaking caused by the coronavirus outbreak. Senior bankers predict that dealmaking fees...
Bank investors welcome ECB and BoE response to crisis
Analysts and investors in Europe’s fragile banking sector are quietly optimistic with the efforts by the Bank of England (BoE) and the European Central Bank (ECB) to limit the economic damage of the...
Bank investors welcome ECB and BoE response to virus crisis
World economy fear as virus threatens supply chains
The growth-damping effects of the coronavirus threatens to ripple around the globe transformed by the escalation seen in China. Chinese consumption and production power growth from Asia to North...
Chelsea put four past Everton
London, March 9 - In fine goal-scoring form, Chelsea put four past Everton to register their biggest win of the season so far in the Premier league. While praising his team’s performance, Chelsea...
Virus grounds bankers and threatens dealmaking
The global spread of coronavirus is threatening to put a halt to any recovery in European dealmaking this year by grounding jet-setting investment bankers in the City of London. Global stocks suffered...
City take League Cup for 8th time
Wembley, March 2 - There was yet another trophy for Manchester City’s silverware cabinet with the League Cup final going their way in a 2-1 win over Aston Villa. Goals from Sergio Aguero and Rodrigo...
FCA focuses on cybercrime as attacks rise on UK firms
In its yearly industry risk assessment, titled Sector Views published last week, the Financial Conduct Authority (FCA) revealed a 7 per cent rise in the number of technology outages and cyberattacks...
Aubameyang helps Arsenal overcome spirited Everton
LONDON, FEB 24 - Arsenal have maintained their unbeaten start to 2020 with a spirited 3-2 victory over Everton in which their captain Pierre-Emerick Aubameyang led from the front with two superb...
Bonuses slump in UK banking sector as revenues fall
There was a time when bonuses and myriad benefits in the banking industry were the envy of the rest of Britain’s financial sector. But times have changed and the emphasis is more on cost-cutting...
EU must avoid a ‘punch up’ over trade deal with UK
Neither the European Union nor the United Kingdom can afford to be too aggressive in their forthcoming trade negotiations. They will need each other’s cooperation bearing in mind that the EU is the...
Arsenal hit top gear in second half
Arsenal’s new manager Mikel Arteta’s strategy for his team finally got under way with his players putting on a performance that he has been demanding from them. It was Arsenal’s seventh Premier...