London’s reputation as one of the world’s major tech hubs is in jeopardy as a result of the coronavirus pandemic. At the start of the last decade, a cluster of start-ups began to form around East London’s Old Street roundabout (technically a gyratory system), leading the area to be nicknamed “Silicon Roundabout.” Then-British Prime Minister David […] Read more
Soft commodities such as coffee, sugar and cocoa have broadly rallied over the past few weeks, steadying after a period of sharp volatility at the height of the coronavirus crisis. Coffee futures for December delivery trading on New York’s Intercontinental Exchange (ICE) are up almost 15% so far this quarter, having begun a steep incline […] Read more
The Japanese yen and Swiss franc remain relatively safe bets, Morgan Stanley said Tuesday, but the investment bank picked the U.S. dollar as the best safe-haven currency in what’s left of turbulent 2020. The greenback fell to a 27-month low on Tuesday against a basket of its peers, where the dollar index reached 92.477 — a level not seen since […] Read more
Amazon is being investigated by German authorities for allegedly abusing its market position during the coronavirus pandemic. The investigation, being led by the German Federal Cartel Office, is looking at Amazon’s relationship with third-party sellers on its platform. It began around April and comes after the Cartel Office received a number of complaints. A spokesperson […] Read more
British financial technology firm Revolut said its losses more than tripled in 2019, despite a surge in revenues and customer numbers. The London-based start-up, which offers banking and trading services through an app, posted a total loss of £106.5 million ($139.6 million) for the year ending December 31, up from £32.9 million in 2018. That […] Read more
Investors are dismissing the risk of an inflation spike. Morgan Stanley says that could be a mistake
There is one big difference between the current coronavirus-led economic downturn and the 2008 global financial crisis and it could drive up consumer prices in a way that most investors are not expecting, according to analysts at Morgan Stanley. Advanced economies have grappled with subdued inflation over the last decade. This means a gradual increase in prices, […] Read more
The euro zone’s business activity rebounded in July, according to preliminary data, as strict coronavirus lockdowns were further eased and more people returned to work. In June, the region had already shown signs of a recovery with flash PMIs (Purchasing Managers’ Index) hitting 47.5 — up from 31.9 in May. A reading below 50 indicates an economic contraction. However, the […] Read more
Britain is set to phase out Huawei equipment from its 5G mobile networks this year, the U.K. press reported over the weekend. If so, it marks a major U-turn in the government’s position on the Chinese telecommunications giant. The government is drawing up plans to strip Huawei gear from Britain’s next-generation networks by the end […] Read more
Increased uncertainty in the jobs market, caused by the economic downturn from the coronavirus pandemic, makes re-entering education to boost your employment opportunities all the more appealing. Masters of Business Administration (MBAs) are known the world over for improving the employability and potential salary of graduates. And executive MBAs, which are predominantly studied on a […] Read more
U.S. policymakers could “change the world” by devaluing the dollar, one analyst has claimed. Speaking to“Squawk Box Europe” on Monday, independent macro advisor Hugh Hendry said quantitative easing programs — where central banks buy assets like government bonds to inject liquidity into the economy — were not working. Instead of targeting bonds as a form […] Read more
