El Salvador approves law allowing bitcoin as legal tender
El Salvador’s congress at midnight on Tuesday approved a proposal from President Nayib Bukele for a law to classify bitcoin as legal tender, making the Central American nation the first in the world to do so. A majority of lawmakers voted in favor of the initiative to create a law Continue Reading
UK house prices rise by most since 2014 – Halifax
British house prices in May were 9.5% higher than a year earlier, their biggest annual increase since June 2014, adding to signs of a boom in the property market, figures from mortgage lender Halifax showed on Monday. Britain’s housing market has seen a sharp rise in sales and prices over Continue Reading
Hard to know how much UK will get from G7 tax deal, Sunak says
British finance minister Rishi Sunak said it was hard to estimate how much a new agreement by the Group of Seven rich nations on a minimum corporate tax would raise because further talks were required at the G20. Asked if he had an estimate of how much the agreement could Continue Reading
£600m sustainable aviation fuel plant set to create hundreds of jobs
£600m sustainable aviation fuel plant set to create hundreds of jobs | MTDMFG
Market Chatter: UK Treasury May Remove Limits on Bonuses for London Bankers
The UK Treasury is reportedly looking to do away with the limits on bonuses for bankers set by the European Union as it looks to remain competitive following Brexit, City AM reported Thursday. The government looking to move away from regulatory laws set up by the EU, which limited bonuses Continue Reading
Bitcoin is ‘economic side show’ and poor hedge against stocks – JP Morgan
Bitcoin is an “economic side show” and a poor hedge against a decline in equity prices, analysts at JP Morgan said in a sobering assessment that could undercut the cryptocurrency’s rise to record highs. Current prices are well above JP Morgan’s estimates of fair value and the mainstream adoption of Continue Reading
UK builder Bellway sees robust demand for new homes
(Reuters) – Homebuilder Bellway Plc on Tuesday forecast a surge in the number of homes it will deliver in its current fiscal year after record first-half volumes, while its forward sales jumped by nearly a third to 500 million pounds ($689.05 million)on strong demand. Demand for homes rebounded in mid-2020 after Continue Reading
Oil’s rally, fueled by vaccine progress, is running out of steam
The oil market has rallied almost 40% in the last two months, pushing benchmarks to nine-month highs, in a euphoric response to progress on COVID-19 vaccines that has investors thinking the end of the coronavirus pandemic is in sight. Reality struck back on Monday, however, with a selloff driven by Continue Reading
Norwegian Air Lives to Fly Another Day
Norwegian Air Shuttle (OL:NORR) lives to fly another day. The beleaguered discount airline’s shareholders have overwhelmingly backed a restructuring plan proposed by management that will allow it to keep flying for the immediate future, and maybe hang on until better days return next year. Earlier this month, management had presented a Continue Reading
UK extends COVID furlough programme until end of April
British finance minister Rishi Sunak announced on Thursday that he would extend a job support programme by another month until the end of April, and that businesses would be able to get new COVID loans until the end of March. The news came after Sunak said he would set out Continue Reading