Wall Street investors largely view higher interest rates as the biggest threat to derail the rally in stocks, according to a new CNBC survey. As a part of CNBC’s Quarterly Report, we polled more than 100 chief investment officers, equity strategists, portfolio managers and CNBC contributors who manage money about where they stood on the […]
Coal, oil and gas firms have received $3.8tn in finance since the Paris climate deal in 2015 The world’s biggest 60 banks have provided $3.8tn of financing for fossil fuel companies since the Paris climate deal in 2015, according to a report by a coalition of NGOs. Despite the Covid-19 pandemic cutting energy use, overall […]
BRUSSELS is banking on Britain not hitting back if it opts to impose an export ban on vaccines to the UK, a former Treasury adviser has said. However, Mujtaba Rahman, now managing director, Europe at the Eurasia Group political consultancy, warned the EU would be making a “miscalculation” which risked triggering a full-blown trade war […]
More than half of UK employers intend to recruit staff in the next three months, according to new research. The human resources body, the CIPD, said it was the first positive signs of employment prospects it had seen in a year. About 56% of 2,000 firms surveyed planned to hire in the first three months […]
Firms planning to expand despite being hit by Brexit port delays and falling orders due to Covid Optimism across the services sector improved for the fourth consecutive month in February to its highest level since 2006, reflecting hopes that the Covid-19 vaccine rollout will lead to a strong economic rebound. The IHS Markit survey found that […]
Women now make up one in three boardroom roles at 350 top UK firms after review achieves target The number of female directors at FTSE-100 firms has increased by 50% in the last five years, and women now hold more than a third of roles in the boardrooms of Britain’s top 350 companies, according to […]
Statisticians say they have seen no evidence Brexit-related custom fees and transport costs had pushed up consumer prices. UK inflation rose last month pushed by higher food prices and less discounting on household goods, official figures show. The Consumer Prices Index (CPI) increased to 0.7% in January from 0.6% in December, according to the Office […]
The UK financial services industry should focus on competing with the US and Asia rather than the EU. That’s the view of the boss of Barclays for the City after Brexit. Jes Staley told the BBC that although jobs that would have been created here have been moved to the EU, Brexit gives one of […]
NEW YORK (Reuters) -Oil prices rose to their highest levels since February on Wednesday after Saudi Arabia announced a big voluntary production cut and on a steep fall in U.S. crude inventories. Futures contracts pared gains in thin post-settlement trade after protesters stormed the U.S. Capitol building in an attempt to thwart the certification of […]
By Alex Story Sometimes the world moves in an unexpected direction. When it does, there isn’t much an individual can do about it. Indeed, 2020 will be remembered as the defining year of the 21st century. For many, the year started with resolutions, few of which lasted much beyond their pronouncements. However, soon, everything changed. Having […]