ECONOMIC NEWS
Stock futures mixed ahead of final January session
Stock futures were mixed in early morning trading on Monday as investors braced for the final trading day in what could be the worst month for the S&P 500 since March 2020.
Bank of England warns on crypto-currency risks
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.
Global food prices hit fresh 10-year high, UN says
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.
Virgin Galactic may sell $500m of shares after space success
Virgin Galactic has said it may sell up to $500m of shares after completing a successful space trip on Sunday.
G20 finance ministers back deal to tax companies
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 ready to...
Ever Given: Egypt agrees deal to release ship that blocked Suez Canal
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.
Job growth likely will look stronger in June report as companies scramble to find workers
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.
Retailers face the challenge of last-mile delivery as online shopping grows
Consumers are flocking online to shop as people seek to avoid crowds due to the pandemic, but getting the goods into the hands of the buyer can be challenging.
Key inflation indicator posts biggest year-over-year gain in nearly three decades
A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May from a year ago, the fastest increase since the early 1990s, the Commerce Department reported Friday.
Africrypt brothers deny involvement in Bitcoin ‘heist’
A lawyer for two brothers who founded a South African Bitcoin investment firm has told the BBC they categorically deny any involvement in a “heist”.
Toshiba: Scandal-hit chairman ousted by investors
Osamu Nagayama’s ousting comes after the company was found to have colluded with the government to suppress the interests of foreign investors.
EIT Digital – leading digital skills innovation and entrepreneurial education
Willem Jonker, CEO of EIT Digital, talks about the lack of digital skills in Europe and how this challenge can be overcome.