Traditional Finance Leverage CeFi Infrastructure for DeFi Profit April 1, 2022 | City Talk The relationship between traditional finance and the crypto markets had previously been upheld by a few banks allowing customers to use their fiat to convert into cryptocurrency in the safe knowledge that they could cash out at any time. The number of retail banks letting their customers use their accounts with crypto exchanges has become smaller at a time [...]
EU launches first ever WTO challenge against UK after Brexit Britain ‘failed to give satisfactory response’ April 1, 2022 The European Union confirmed it has launched the bloc’s first ever challenge against the UK at the World Trade Organization over Britain’s green subsidy program. The European Commission, the EU’s executive body that oversees the common trade policy for all member states, argues that criteria that were used by the British government in awarding subsidies [...]
Bloody Friday as cost of living onslaught starts for millions: Steepest rise in household bills in living memory begins today April 1, 2022 Today has been dubbed National Price Hike Day, when government bodies and private firms traditionally announce the increases in the cost of goods and services. This year, energy costs are set to skyrocket, with the cheapest energy tariff for a medium user surging to £1,971 – a staggering 118 per cent increase year on year. The [...]
Ukraine unmasks two generals as Moscow saboteurs while tired Putin is stuck in ‘Kremlin cage’ with Russian Army ‘exhausted’ April 1, 2022 Two Ukrainian generals have been unmasked as Russian saboteurs and stripped off their ranks with immediate effect, Ukraine’s President Volodymyr Zelensky told his nation under siege. In his daily video address to the nation, Zelensky said “today another decision was made on anti-heroes, gradually all of them will be punished.” “That is why Andriy Olehovych [...]
1 Minute Market Rundown – 1st April 2022 April 1, 2022 | City Talk Russia – UkraineQ1 finally behind usCrypto consolidates Well we can finally put Q1 behind us. A war few expected to happen, nominal yields had a move not often seen, oil soaring and stocks…well that’s a bit more mixed as looking at the S&P performance on the quarter you would be forgiven if you forgot how [...]
Clash between Japan and Russia looms as Tokyo steps up Kuril Island claims: ‘Russian Army is illegal occupier’ April 1, 2022 After several Japanese politicians recently stated the disputed Kuril Islands are part of Japan’s territory, Tokyo has now moved to officially declare that the entire Kuril Island chain is Japanese sovereign territory. In fact, Japan’s Ministry of Foreign Affairs has said the islands are illegally occupied by the Russian Army. Over the last few decades, [...]
UK economy flirting with recession amid escalating inflation April 1, 2022 Escalating inflation is threatening to throw the UK economy into dangerously close recession territory, reveals two closely watched surveys. Businesses are struggling under the weight of swelling costs triggered by soaring energy bills, prompting them to launch the quickest price hike cycle on record, according to the British Chambers of Commerce (BCC). Around two in [...]
Millions of households plunged into fuel poverty today April 1, 2022 Millions of households will be plunged into fuel poverty today caused by the uplift to the cap on energy bills sending the average household annual energy bill close to £2,000, reveals fresh research published today. Some 2.5m households in England have fallen into fuel poverty due to the energy watchdog, Ofgem, raising the price cap [...]
Brewin Dolphin driven financials rally fails to lift London indexes March 31, 2022 A rally among financial stocks driven by fund manager Brewin Dolphin catapulting after news broke that one of Canada’s biggest banks will buy the firm was not enough to boost London’s top indexes today. The capital’s premier FTSE 100 index lost 0.60 per cent to close at 7,533.56 points, while the domestically-focused mid-cap FTSE 250 [...]
UK economy grows faster than first thought but contraction looms March 31, 2022 The UK economy grew faster than first thought at the end of last year, but experts warn the tightening cost of living squeeze could plunge the country into a recession. In the three months to December, the economy grew 1.3 per cent, higher than first estimated by the Office for National Statistics, according to final [...]