All The Latest News From Around The World

H&M Suffers Quarterly Losses and Responds to Boycott Problems in China

H&M Suffers Quarterly Losses and Responds to Boycott Problems in China

By Tea | March 31, 2021

The fashion giant Hennes & Mauritz (H&M) slipped into a red zone last quarter due to COVID-related forced closures of its stores. H&M announced on Wednesday that the aggressive restrictions brought on by the second wave of the pandemic lead to financial repercussions and losses for the company. The company was forced to temporarily close…

How the Suez Canal Blockage Impacted the World

How the Suez Canal Blockage Impacted the World

By Tea | March 30, 2021

The 400-meter-long Taiwan-based container ship blocking the Suez Canal was refloated on Monday, according to a tweet by a maritime services company, Inchcape. The MV EVER GIVEN was fully re-floated and straight in SC Passage at 14:50 lt. 29/03/2021. The vessel is heading to the Great Bitter Lakes for further checking and investigation. Next the…

Trump's Social Media Network will “Redefine the Game”

Trump’s Social Media Network will “Redefine the Game”

By Tea | March 26, 2021

One of this week’s highlights was Jason Miller’s announcement that Donald Trump would be returning to social media, but this time on his own network. Once the spokesman for the former POTUS, he elaborated that this network will be “the hottest ticket on social media” and that it will redefine the game. Being relevant is…

Corporations Are Interested In Bitcoin: Is This a Blessing or a Curse?

Corporations Are Interested In Bitcoin (BTC): Is This a Blessing or a Curse?

By Nicholas Price | March 24, 2021

Despite the growing interest in investing in Bitcoin (BTC) from large corporations and institutions, US Treasury Secretary Janet Yellen recently criticized the volatility of the cryptocurrency, a shortcoming that has already been condemned by many crypto skeptics.   “I don’t think that bitcoin… is widely used as a transaction mechanism,” Yellen told CNBC, “To the…

Brexit and the E.U – Will a Conclusion Ever Come?

Brexit and the E.U – Will a Conclusion Ever Come?

By Nicole | March 19, 2021

The European Union and the United Kingdom have had a long journey towards reaching some sort of agreement when it comes to co-operation, and it seems the end is finally nearing. There may be a conclusion that could give the firms in the City of London access to the single market.   A common framework would…

UK and EU Market Alignment Remains on the Back Burner Post-Brexit

UK and EU Market Alignment Remains on the Back Burner Post-Brexit

By Nicole | March 16, 2021

Market alignment has been a source of contention post-Brexit and continues to be the subject of ongoing debate. The UK is planning to rework its financial rulebook to prevent its capital from losing its position as a global financial center. In turn, this undermines the possibility of a deal with the European Union, negating the…

Biden Signs $1.9tn COVID-19 Relief Bill

Biden Signs $1.9tn COVID-19 Relief Bill

By Nicole | March 12, 2021

Since the global financial crisis in 2009, spectators have often commented on the fact that monetary policy is the only winning operation in sight. For almost a decade now, central bankers have sought out unconventional ways to stimulate the economy while governments focused on repairing their own balance sheets. Though this is soon to come to an…

Deliveroo Picks London for IPO

Deliveroo Picks London for IPO

By Nicole | March 5, 2021

The online food delivery company, backed by Amazon, announced this week its plans to list on the London Stock Exchange. Deliveroo was founded by William Shu and Greg Orlowski in 2013. The idea for the company was birthed out of Shu’s frustrations over lack of options for lunch while he was working as a bank…

Oil Prices: OPEC Production Cuts, Middle Eastern Tensions, Stimulus

Oil Prices: OPEC Production Cuts, Middle Eastern Tensions, Stimulus

By Nicholas Price | February 15, 2021

Biden’s COVID-19 Stimulus, OPEC Production Cuts and Middle Eastern Tensions Cause Oil Prices To Surge On Monday 15th February 2021, oil prices soared. U.S. West Texas Intermediate (WTI) futures reached their highest levels since January 2020, currently trading at $60.95.  WTI crude futures gained 1.5%, to $60.33 a barrel (86 cents). Brent crude increased by 66 cents,…

BTC Surges As Tesla Announces $1.5 Billion Investment In The Coin

BTC Surges As Tesla Announces $1.5 Billion Investment In The Coin

By Nicholas Price | February 8, 2021

Bitcoin hit a new all-time on the 8th of January 2021; this surge doubled the previous all-time high of approximately $19,000 from just three years ago. This past weekend, the world’s first cryptocurrency reminded us that it has no plans to slow down its growth any time soon. Today, the coin surpassed its most recent…