Hong Kong News
Nonpartisan, Noncommercial, unconstrained.
Friday, Sep 24, 2021
Real, Diverse, Unbiased.
Add Your News
Energy crisis, labour shortages and supply chain issues hitting the UK - here's what we're short of and the industries under threat
From "cancelled" Christmas dinners to numerous energy suppliers collapsing and items missing from supermarket shelves, many industry experts claim Britain is in crisis.
Energy crisis 'a worry' for UK car sector as it eyes shift to electric
An industry body expresses concerns for the competitiveness of the UK's auto manufacturing sector as it faces damage from multiple challenges including the rising cost of energy.
Bank of England ramps up inflation forecast again but takes no action to help cool prices
The Bank cuts its expectations for UK growth and sees a greater risk to inflation from next spring as increased energy costs filter through.
Look past the headlines and Bank of England's governor seems ready to flex his eyebrows
The Bank of England has announced that it's leaving interest rates and its quantitative easing programme unchanged. In practical terms, the Bank has done nothing to counter inflation. But that could soon change, says Ed Conway.
Why are UK businesses being hit by shortages at the moment?
This summer, the economy has been hit by several factors including labour shortages, new immigration rules, and the lingering effects of the pandemic.
Apple opposes European Union directive for all mobile phones to have universal charger
The bloc predicted the proposed law for a common charger port for all electronic devices could help save EU consumers €250m (£214m) a year.
British Airways scraps plans to reintroduce short-haul flights from Gatwick post-COVID
The carrier says it was "disappointed" about not securing a deal with pilots' union Balpa, which would enable it to form a short-haul subsidiary at the West Sussex airport.
Christmas tree shortage and price warning as sellers hit by labour and supply chain issues
Post-Brexit regulations and a stretched labour market could lead to shortages - since one-tenth of real Christmas trees sold in the UK are imported.
Ministers preparing for 'worst-case scenario' of persistently high gas costs beyond 'short spike'
Speaking to Kay Burley on Sky News, business minister Paul Scully says high wholesale gas costs are placing "pressure" on the energy price cap.
Energy crisis: What do you do if your energy supplier goes bust - and which companies have already folded?
Wholesale prices for gas have surged 250% since January, with a number of smaller firms entering insolvency - here is what to do if your energy firms goes bust.
PayPal Allows UK Clients to Buy, Hold, Sell Cryptocurrencies
International payment gateway PayPal announced on Friday that its UK clients can now purchase, hold and sell cryptocurrencies.
China to Sell Over 7 Million Barrels of State Reserve Crude Oil in First-Ever Auction
Beijing's intention to sell its crude oil was unveiled earlier in September by the National Food and Strategic Reserves Administration, but without providing any details on the time or the amount of barrels to be sold.
India to Tax Cryptocurrency Trades, Modi Cabinet to Take Up Bill Soon: Report
The Indian government is expected to consider a bill prohibiting all private cryptocurrencies and allowing an official digital currency to be issued by the Reserve Bank of India (RBI) very soon, as the latter had flagged serious concerns...
Nord Stream 2 Pipeline Construction Fully Completed
The Nord Stream 2 pipeline, a joint venture between Russia’s Gazprom and five European partners, aims to carry Russian natural gas to Germany across the Baltic Sea.
Wall Street Falls as Pandemic-Era Low in US Jobless Claims Triggers Fed's Taper Fears
US stocks fell broadly for a fourth day in a row on Thursday after another Federal Reserve official advocated this week for a prompt taper of the central bank’s long-running economic stimulus.
Bill Gates' Investment Company Agrees to Buy Controlling Share of Four Seasons Hotels
Cascade Investment, an investment and holding company controlled by Microsoft founder and philanthropist Bill Gates, has agreed to purchase a controlling stake in the Four Seasons hotels chain, according to a statement released by the ho...
EU, US Push For 'Working Together' to Counter Threat of Being 'Overtaken' by Autocracies
Leaders from across Europe and other countries gathered at the Tallinn Digital Summit to discuss the implementation of digital technologies, cybersecurity investments, and more effective digital government services.
As El Salvador Makes Cryptocurrency Legal Tender is It the Beginning of the End for Dollar Hegemony?
The idea of cryptocurrency was first conceived in the 1980s but it was not until 2009 that the first open-sourced software, Bitcoin, was released. There are now dozens of blockchains but they have until not been regarded as legal tender.
Iraq Inks $27 Billion Investment Deal With TotalEnergies - Baghdad
The Iraqi government and French oil and gas company TotalEnergies have signed a $27 billion investment deal to develop the country's oil and gas fields, the office of Iraqi Prime Minister Mustafa Kadhimi said on Sunday.
UBS Warns Investors Against Hopes of ‘Reset’ in US-China Relations Under Biden
US-China relations soured under the administration of president Donald Trump, marred by escalating trade tensions and tit-for-tat sanctions. Since the present president, Joe Biden, was sworn in, political and business stakeholders have s...
Hong Kong News
Add Your News