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ECB confronts shifting markets as economy stalls
LONDON: European Central Bank (ECB) officials will set policy this week against a backdrop of investors betting on a global upturn even as the eurozone remains mired in pandemic lockdowns and painfully slow vaccinations.
Arsenal post losses of 47.8 million pounds as COVID-19 hits revenues
(Reuters) - Arsenal have reported a loss of 47.8 million pounds ($65.97 million) in the last financial year as the COVID-19 pandemic disrupted schedules and forced games to be played in empty stadiums, the Premier League club said on Friday.
The future of money is digital, but is it bitcoin?
THE idea that much of today’s cash use will shift to digital tokens is neither faddish nor outlandish, as long as you don’t start equating the future of money with bitcoin.
Insight - Vaccine rollout a shot in the arm for soaring sterling
STERLING looks set to extend its rally beyond US$1.40, thanks to the pace of Britain’s Covid-19 vaccine rollout and signs that investors are flocking back to assets out of favour during years of Brexit turmoil.
HSBC bets on Asian wealth in revised strategy
HONG KONG/LONDON: HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in Asia after the Covid-19 shock saw its annual profits drop sharply.
ANALYSIS-Vaccine rollout a shot in the arm for soaring sterling
LONDON: Sterling looks set to extend its rally beyond US$1.40, thanks to the pace of Britain's COVID-19 vaccine rollout and signs that investors are flocking back to assets out of favour during years of Brexit turmoil.
Global dividend payouts seen to revive in 2021
LONDON: Global dividend payments could rebound by as much as 5% this year, a new report estimated, after the coronavirus caused the biggest slump in payouts since the financial crisis more than a decade ago.
Former Bank of England Governor Carney joins board of digital payments firm Stripe
MARK Carney, former head of the UK and Canadian central banks, has joined the board of U.S. digital payments company Stripe Inc, days after the company was reported to be planning a primary funding round valuing it at over $100 billion.
UK faces up to economic scars beyond Covid-19
LONDON: More than 10% of the United Kingdom’s workforce is out of a job and struggling to tap government benefits, exposing economic scars set to remain long after the coronavirus fades.
Brexit causing supply problems for small UK manufacturers
LONDON: New post-Brexit trade restrictions have pushed up the cost of parts and raw materials for two thirds of small British manufacturers surveyed last month, and a majority reported some level of disruption.
