Climate Change & Sustainable Eye Care November 14, 2022 | City Talk The last week has seen world leaders and changemakers from around the world gather in Sharm-El Sheik in Egypt at the annual Conference of the Parties event (COP27). This year, the goal is to build upon what has been discussed and implemented at the conference since its genesis in Rio in 1992. Global Unison Enhancing [...]
The Unsteady Rise & Decline of Poverty and How to Tackle It November 14, 2022 | City Talk One of the largest issues that concern the world is poverty. Someone is described as living in poverty if they survive on less than $1.90 per day. From 2015 to 2018, global poverty continued to decline as it has done for the past 25 years. From 2015 to 2018, the number of those living in [...]
Home working with poor broadband costs UK £60bn per year November 14, 2022 Working from home with a poor broadband connection is costing the UK’s economy £60bn per year, according to a recent research. Figures from software company Actual Experience showed that technical issues with broadband – including delays and call dropouts – have led to an average loss of £1,000 per worker. IT issues created problems especially [...]
Financial Markets Wrap-Up November 11, 2022 | City Talk Well, were at the end of another interesting week of trading. We started the week with some poor Chinese trade data, coupled with a back track on rumours from the previous week that covid restrictions would be loosened which kicked us off with a slightly negative start but the action for the week was never [...]
As GDP contracts again top wonk warns malaise ‘spreading throughout economy’ November 11, 2022 The slowdown in growth is now “spreading throughout the economy”, a top economist has said in wake of this morning’s disappointing GDP figures. The leading wonk at the Institute of Directors warned of major contractions in multiple sectors following news of a 0.2 per cent fall in GDP this quarter, and a 0.6 per cent [...]
Sigh of relief in global markets as China finally relaxes some Covid rules November 11, 2022 With all the bad news that has dominated the airwaves in recent months it was very welcome to see that US CPI rose significantly less than expected in October to its lowest level since January, prompting a huge relief rally in stocks, bonds as well as a sharp selloff in the US dollar. The rally [...]
GDP contracts: Economic growth grinds to a halt as UK reaches ‘dreadful’ recession November 11, 2022 The UK economy contracted by 0.2 per cent between July and September, compared to growth of 0.2 per cent in the previous three months, the Office for National Statistics said this morning. Commenting on the gross domestic product (GDP) figures that showed a 0.2 per cent contraction in the third quarter of the year, ONS [...]
FTSE 100 kicked higher after encouraging US inflation figures November 10, 2022 London’s FTSE 100 today was goosed by US inflation finally showing signs it is markedly slowing down and may have even peaked. The capital’s premier index climbed 1.08 per cent to 7,375.34 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, surged 3.9 per cent [...]
UK economy misses out on 24 per cent growth after financial and Covid-19 crises November 10, 2022 The UK economy would be 24 per cent bigger had the global financial and Covid-19 crises not happened, a Wall Street bank has said. “A series of unfortunate events and policy choices have cut UK potential growth” over the last decade or so, Bank of America said in a note to clients. Since the financial [...]
Markets cheer US inflation slowdown as Nasdaq flies over five per cent November 10, 2022 Global markets have cheered signs that US inflation is falling much faster than experts expected, dialling down pressure on the Federal Reserve to keep hiking interest rates aggressively. Wall Street’s tech-heavy Nasdaq index flew more than five per cent, while the S&P 500 and Dow Jones shot up more than four per cent and nearly [...]
