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Economy News

European Central Bank: Rates are likely to be frozen

Jonathan Hobbs October 26, 2021

In spite of inflation in the eurozone, the European Central Bank (ECB) is expected to maintain its key interest rate. As of the 25th (local time), the Financial Times (FT) reported that ECB President Christine Lagarde is expected to discuss the eurozone’s inflation outlook and the timing

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Barclays bank: Quadrupled profit for nine months

Jonathan Hobbs October 21, 2021

British bank Barclays has quadrupled its net profit and group share in the first nine months of the year. The institution had an “unprecedented” third quarter, thanks to a strengthening economy. The bank also sees “positive trends in the U.K. and U.S. in consumer spending and payment volumes after the lifting” of health restrictions and […]

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Intel cancels $100 billion semiconductor plant in the UK

Jonathan Hobbs October 7, 2021

Intel is excluding the U.K. from its expansion plans in Europe due to the country’s decision to leave the EU. Pat Gelsinger, Intel’s CEO, said that the $77 billion hardware giant considered building a chip factory in the U.K. That was before the country made the decision to leave the European Union. The UK launched […]

Commodities Economy News

Brent crude oil rises above $80 per barrel

Jonathan Hobbs September 28, 2021

On Tuesday, Brent crude oil prices spiked in Asia on heightened expectations of rising demand. Supply concerns also contribute to the rise as the world slowly recovers from the pandemic. Brent crude oil rose 0.9 percent in morning Asian trade to $80.24. This is its highest level since October 2018. Similarly, WTI gained 0.9 percent […]

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Pfizer and Moderna sales to soar with booster shots

Jonathan Hobbs September 26, 2021

Pfizer and Moderna stand to make tens of billions of dollars in profits from booster shots if the recall of the Covid-19 vaccine is extended. As a result of these recalls, Moderna is expected to generate an additional $13 billion in net profit next year, and Pfizer forecasts an additional $7 billion. While the FDA […]

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As Fed Meeting Comes to Close, EU Futures Rise

Billy Houghton September 22, 2021

As Fed meeting comes to close, EU futures rise Wednesday. Also, in front of a Federal Reserve conference. At 2:05 AM ET, the DAX futures agreement in Germany traded 0.6percent greater. Meanwhile CAC 40 futures in France climbed 0.4% also the FTSE 100 futures agreement into the U.K. rose 0.6percent. Asian shares happen battered of […]

Commodities Economy

Gas prices exacerbate shortages in the UK

Michelle D. Madsen September 18, 2021

The Johnson administration holds emergency meetings with representatives of the food and energy industries, regarding gas prices. Harold Macmillan, the Conservative Prime Minister of the United Kingdom from 1957 to 1963,’s response is now part of any government’s instruction manual. When asked what was the greatest challenge for a political leader, he said

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Philip Morris acquires majority stake in Vectura

Jonathan Hobbs September 16, 2021

Earlier this week, Philip Morris announced it had acquired nearly 75% of Vectura, a British manufacturer of medical inhalers, in a contested stock market transaction. While Vectura’s inhalers are intended to treat smoking-related diseases, this acquisition raises the ire of associations and health professionals in the United Kingdom. Philip Morris International said

Commodities Economy News

Europe stops wind power, energy prices soar

Jonathan Hobbs September 14, 2021

A report in the Wall Street Journal (WSJ) on February 13th (local time) noted that energy prices in Europe had been trending upwards, but they had spiked again after the North Sea wind farm stopped running. Since the winds in the North Sea have calmed in recent weeks, offshore wind farms have almost stopped operating, […]

Forex News Shares

Easyjet rejects takeover bid, capital increase underway

Jonathan Hobbs September 9, 2021

EasyJet announced Thursday that it had recently turned down an unsolicited takeover bid, as well as announcing a 1.2 billion pound ($1.6 billion) capital increase. Additionally, the company has obtained a new revolving credit facility from banks for $400 million. Easyjet said in a statement that the preliminary offer had “fundamentally undervalued” the company,

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European Central Bank: Rates are likely to be frozen

Barclays bank: Quadrupled profit for nine months

Brent crude oil rises above $80 per barrel

Pfizer and Moderna sales to soar with booster shots

As Fed Meeting Comes to Close, EU Futures Rise

Gas prices exacerbate shortages in the UK

Philip Morris acquires majority stake in Vectura

Europe stops wind power, energy prices soar

Easyjet rejects takeover bid, capital increase underway

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