Apollo Global joins battle for Britain’s Morrisons
The $8.7 billion bid battle for Britain’s fourth largest supermarket group Morrisons (MRW.L) ratcheted up on Monday when a third private equity group, Apollo Global Management, entered the fray.
World shares cling near record highs
World stocks clung close to record highs on Monday as worries about the Delta variant of COVID-19 offset positive sentiment from surging euro zone business activity and a welcome U.S. jobs report.
Britain sets out vision for post-Brexit financial services
Britain’s finance minister set out his vision for financial services on Thursday, saying Brexit was a unique opportunity to tailor rules while maintaining high regulatory standards and open markets.
UK wins financial services carve-out from new global tax rules – FT
Britain is set to secure an exemption for financial services from a new global tax system which was agreed by the Group of Seven economies to squeeze more money out of multinationals like Google, the Financial Times said on Wednesday.
What inflation? Pandemic leaves emerging Asia’s consumer recovery behind
Asia’s once fast-growing economies are struggling with weak domestic demand that is keeping a lid on inflation in contrast to some developed markets, heightening the chance many central banks will forgo interest rate hikes this year.
UK government set for leading role in insuring live entertainment
The British government is expected to announce an insurance scheme in the coming weeks for live events, including festivals, theatre and sports, to allow them to go ahead despite the pandemic, insurance industry sources said.
Pandemic boom drives UK house prices up by most since 2004
British house prices jumped by the most in more than 16 years this month, soaring by 13.4% from June 2020, and demand is expected to stay strong while a coronavirus emergency tax break remains in place, mortgage lender Nationwide said.
Ether sees record outflows in last week of June -CoinShares
Ether investment products and funds posted record outflows in the last week of June, bearing the brunt of negative sentiment on cryptocurrencies, according to data on Monday from digital asset manager CoinShares.
Crypto firms drop British registration bids amid scrutiny
A growing number of crypto asset firms are abandoning attempts to register with Britain’s financial regulator as global scrutiny of the rapidly-growing sector intensifies.
Bitcoin shrugs off UK crackdown on major crypto exchange Binance
Bitcoin on Monday shrugged off a move by Britain’s financial watchdog to target the major Binance exchange, in the latest sign of regulatory pressure on the emerging cryptocurrency sector.
