by EFSD | Dec 15, 2021 | Economic News
Although not much of UK households’ wealth is currently held in assets such as Bitcoin, they are becoming more mainstream, said deputy Bank governor Sir Jon Cunliffe. If their value fell sharply, it could have a knock-on effect, he said. The Bank needed to be...
by EFSD | Nov 7, 2021 | Economic News
Global food prices have hit the highest level in over a decade after rising by more than 30% in the last year, the United Nations Food and Agriculture Organization (FAO) says. The agency’s figures highlighted the soaring cost of cereals and vegetable oils around...
by EFSD | Jul 13, 2021 | Economic News
Virgin Galactic has said it may sell up to $500m of shares after completing a successful space trip on Sunday. In a filing, the company says it plans to use cash raised to develop its spaceship fleet and infrastructure. On Sunday, Sir Richard Branson, Virgin...
by EFSD | Jul 12, 2021 | Economic News
G20 finance ministers have backed an “historic” plan which will see multinational companies pay their “fair share” of tax around the world. The plan to battle tax avoidance puts in place a minimum global corporate tax rate of 15%. It is likely...
by EFSD | Jul 6, 2021 | Economic News
Egypt will release the container ship that blocked the Suez Canal in March, after it agreed a compensation deal with the vessel’s owners and insurers. The two sides said the Ever Given would be allowed on Wednesday to leave the Great Bitter Lake, the...
by EFSD | Jul 5, 2021 | Economic News
June jobs growth is expected to outpace May and more Americans rejoined the workforce, even as companies continued to struggle to find employees to hire. Economists expect nonfarm payrolls grew by 706,000 jobs in June and the unemployment rate fell to 5.6% from 5.8%,...
