Virus variants threaten global recovery, G20 warns
An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world’s 20 largest economies warned on Saturday.
S&P 500, Nasdaq post record closing highs after Fed minutes
U.S. stocks ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.
London fintech funding soars in first half of the year
Fintech companies based in London raised more funding from venture capital investors in the first six months of 2021 than in any other year, demonstrating the British capital’s resilience as a hub for digital financial services post-Brexit.
U.S. industry groups, lawmakers press White House to lift travel restrictions
A coalition of 24 industry organizations urged the White House to lift coronavirus restrictions that bar much of the world from traveling to the United States but a White House official told Reuters late on Wednesday reopening will need more discussion.
Yellen’s next test: Persuading G20 that U.S. Congress will not block tax deal
U.S. Treasury Secretary Janet Yellen was able to help corral 130 countries to agree to a major revamp of international corporate taxation, but showing them she can bring a deeply divided U.S. Congress on board may prove equally challenging.
eCom Scotland offers help to the UK’s training-starved Pharmacies
The digital learning and assessment specialist, eCom Scotland, is offering help to the UK’s 12,000 or so retail pharmacies – in particular, to help meet pharmacists’ need for education and training on digital technologies. This need was revealed via recent surveys of early career pharmacy professionals, including students, with most respondents (87.3%) saying that they lacked education and training in the area of clinical informatics.
Quickening U.S. recovery puts Fed taper discussion in focus
More clues on just when and how the U.S. Federal Reserve may begin to cut its pandemic-induced bond-buying spree are likely to emerge on Wednesday when the central bank publishes minutes of last month’s pivotal meeting.
Fed pivot, inflation boost emerging market interest rate hikes in June
Emerging markets saw more interest rate hikes in June as a hawkish pivot from the U.S. Federal Reserve amplified inflationary pressures in a number of developing economies.
Didi cybersecurity probe blindsides shareholders days after debut
Chinese regulators have gained a reputation for aggressive action, but even hardened investors were shocked by the announcement of a probe into ride-hailing firm Didi (DIDI.N) just two days after its $4.4 billion New York stock market debut.
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.
