02 March

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Growing evidence on Oxford shot should guide other countries, vaccine chief says By Reuters

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LONDON (Reuters) - Real-world data on the effectiveness of Oxford and AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine in older people from its rollout in Britain should help inform decision making in other countries, Oxford Vaccine Group Director Andrew Pollard said on Tuesday. Asked if other countries should look at real world data from Public Health...

02 March

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UK’s National Grid to invest 10 billion pounds in grid by 2026 By Reuters

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(Reuters) - Britain's transmission system operator National Grid (LON:NG) said on Tuesday it broadly accepted a price control proposal from regulator Ofgem and will invest around 10 billion pounds ($13.87 billion) by 2026. In December, Ofgem gave the go-ahead for 40 billion pounds ($53.4 billion) in spending on utility networks between 2021-26 to help prepare for more renewable power, including...

02 March

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BooHoo shares tumble amid reports of possible US import ban By Investing.com

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By Samuel Indyk Investing.com – Shares in online fashion retailer Boohoo Group PLC (LON:BOOH) fell 7% at the open on Tuesday as the company reportedly faces a US import ban amid allegations of slave labour. According to Sky News, US Customs and Border Protection has seen enough evidence to launch an investigation after petitions from lawyer Duncan Jepson, who runs the...

02 March

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German retail sales tumble in January as lockdown bites By Reuters

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BERLIN (Reuters) - German retail sales tumbled more than expected in January as an ongoing lockdown curtailed retail spending in Europe's largest economy, data showed on Tuesday. The Federal Statistics Office said retail sales fell 4.5% on the month in real terms after an upwardly revised decline of 9.1% in December. The January reading undershot a Reuters forecast for a decline of...

02 March

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Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny By Reuters

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By Yingzhi Yang and Brenda Goh BEIJING (Reuters) - Alibaba (NYSE:BABA) and Ant Group founder Jack Ma has lost the title of China's richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators. Ma and his family had held the top spot for China's richest in the...

02 March

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British grocery sales soar 15% on lockdown boost By Reuters

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LONDON (Reuters) - British grocery sales soared 15.1% year-on-year in the four weeks to Feb. 21, the fastest growth since June 2020, as the latest national lockdown curtailed spending in cafes, restaurants and bars, market researcher Kantar said on Tuesday. England entered a third national lockdown on Jan. 4 to contain a surge in COVID-19 cases that threatened to overwhelm the...

02 March

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Energy, mining stocks drag down FTSE 100 By Reuters

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(Reuters) - London's FTSE 100 inched lower on Tuesday, dragged by energy and mining stocks as oil and metals prices slipped over fears of slowing demand in China, while Taylor Wimpey (LON:TW) jumped after resuming dividend payments. The commodity-heavy FTSE 100 index slipped 0.1%, with oil heavyweights BP (LON:BP) and Royal Dutch Shell (LON:RDSa) being the biggest drags...

02 March

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China ‘Worried’ About Bubbles in Property, Foreign Markets By Bloomberg

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(Bloomberg) -- China’s top banking regulator said he’s worried about a slew of risks including the nation’s property bubble, rapid inflow of foreign capital and elevated global markets. Guo Shuqing is “very worried” that bubbles in U.S. and European financial markets could burst as their economies are still struggling under the weight of the...

02 March

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Trading Stamp Duty Won’t Harm Hong Kong’s Competitiveness, Says Finance Chief By Bloomberg

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(Bloomberg) -- Hong Kong’s decision to raise the stamp duty on stock trading won’t harm the competitiveness of the financial hub, the city’s finance chief said. “We will continue to monitor market developments and keep an open mind, but on the other hand according to the information available to us up till now, we...

02 March

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Betting on death of petrol cars, Volvo to go all electric by 2030 By Reuters

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By Nick Carey and Helena Soderpalm LONDON (Reuters) - Volvo's entire car line-up will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade. "I am totally convinced there will no customers who really...

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News

Growing evidence on Oxford shot should guide other countries, vaccine chief says By Reuters

UK’s National Grid to invest 10 billion pounds in grid by 2026 By Reuters

BooHoo shares tumble amid reports of possible US import ban By Investing.com

German retail sales tumble in January as lockdown bites By Reuters

Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny By Reuters

British grocery sales soar 15% on lockdown boost By Reuters

Energy, mining stocks drag down FTSE 100 By Reuters

China ‘Worried’ About Bubbles in Property, Foreign Markets By Bloomberg

Trading Stamp Duty Won’t Harm Hong Kong’s Competitiveness, Says Finance Chief By Bloomberg

Betting on death of petrol cars, Volvo to go all electric by 2030 By Reuters

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