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20 July
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‘Pingdemic’: English businesses buckle under COVID-19 isolation demands By Reuters

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By James Davey and Kate Holton LONDON (Reuters) -England's car plants, railways, supermarkets and pubs warned the government on Monday that a COVID-19 tracing app, which has told hundreds of thousands of workers to isolate, was wrecking the recovery and pushing supply chains to the brink of collapse. Cases of COVID-19 in Britain hit around 50,000 a day on some days last week. Alerts, or "pings", sent out by the official app telling anyone identified as a contact of someone with the disease to self-isolate for 10 days have caused huge disruption in schools, businesses and...

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20 July
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Inflation and the Bank of England: what its rate-setters are saying By Reuters

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LONDON (Reuters) - Some Bank of England officials say the time is approaching for action to fend off higher inflation as Britain reopens its economy, but others want more time to assess the risks or say the jump in prices is likely to prove temporary. Following are highlights of BoE policymakers' recent comments about inflation and the outlook for the central bank's bond-buying programme and near-zero benchmark interest rates. The BoE is due to announce it next monetary policy decisions on Aug. 5 along with new forecasts for the economy. For an article on what the...

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20 July
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60% of people being admitted to UK hospitals are unvaccinated – adviser By Reuters

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LONDON (Reuters) - Britain's Chief Scientific Adviser Patrick Vallance said that 60% of people being admitted to hospital with COVID-19 are unvaccinated, correcting an earlier statement he made on Monday. Vallance earlier said at a news conference with Prime Minister Boris Johnson that 60% of people being admitted to hospital with COVID-19 have had two doses of vaccine. "Correcting a statistic I gave at the press conference," Vallance said on Twitter. "About 60% of hospitalisations from COVID are not from double vaccinated people, rather 60% of hospitalisations from COVID are currently from unvaccinated people." ...

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19 July
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Robinhood seeks up to $35 billion valuation in mega U.S. IPO By Reuters

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By Niket Nishant and Sohini Podder (Reuters) -Robinhood Markets Inc is targeting a valuation of up to $35 billion in its initial public offering in the United States, the company revealed in a Monday filing, setting the stage for one of the most highly anticipated stock market listings this year. The listing plans come just months after the online brokerage found itself at the center of a confrontation between a new generation of retail investors and Wall Street hedge funds in late January. Robinhood was aiming for an IPO valuation of up to $40 billion, Reuters...

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19 July
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Ben & Jerry’s to end ice-cream sales in occupied Palestinian territories By Reuters

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(Reuters) -American ice-cream brand Ben & Jerry's on Monday said it would stop marketing its products in the occupied Palestinian territories, bowing to Palestinian pressure campaigns and saying that selling there was "inconsistent" with company values. The South Burlington, Vermont-based company, which is owned by Britain's Unilever (LON:ULVR) Plc, has come under pressure from pro-Palestinian groups over its business in Israel and Jewish settlements in the West Bank, which is handled through a licensee partner since 1987. Israeli Prime Minister Naftali Bennett, whose party favors Jewish settlements in the West Bank, said Ben &...

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19 July
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Canada shares lower at close of trade; S&P/TSX Composite down 1.63% By Investing.com

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Investing.com – Canada equities were lower at the close on Monday, as losses in the Energy, REITs and Materials sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite lost 1.63% to hit a new 1-month low. The biggest gainers of the session on the S&P/TSX Composite were Westshore Terminals Investment Corp (TSX:WTE), which rose 4.78% or 0.80 points to trade at 17.55 at the close. Shopify Inc (TSX:SHOP) added 2.24% or 40.79 points to end at 1860.42 and Cargojet Inc (TSX:CJT) was up 1.99% or 3.47 points to 177.96 in late trade. Biggest...

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19 July
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FTSE 100 tumbles as Delta weighs on travel stocks, Oil falls following OPEC+ By Investing.com

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Key Points FTSE 100 closing price of 6845.20, -2.32% Delta variant spread and UK isolation plans weigh on travel stocks “Freedom Day” turns into “Fear Day” as cases surge Johnson told to self-isolate but tests negative Oil declines after OPEC+ deal JPY, CHF strong on safe haven flows Bitcoin tumbles back towards $30,000 By Samuel Indyk Investing.com – The FTSE 100 tumbled on Monday as rapidly increasing Covid cases dented UK Prime Minister Johnson’s hopes of a “Freedom Day” to be proud of. The government eased its final set of Covid restrictions on Monday,...

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19 July
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New BoE rate-setter Mann warns against premature end to stimulus By Reuters

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By William Schomberg and David Milliken LONDON (Reuters) - The Bank of England's new interest-rate setter warned against cutting back on stimulus too soon, underscoring an increasingly stark divide among BoE policymakers about how to respond to rising inflation. Catherine Mann, who is due to join the BoE's Monetary Policy Committee in September, said the recent rise in inflation did not look like it would turn into a spiral of persistently stronger price growth. "I have a lot of different ways of evaluating whether or not that surge appears to be continuing, transitory, or whether it...

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19 July
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UK to demand vaccination proof for clubs, big crowd events, Johnson says By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson said on Monday that he would make proof of double vaccination a condition of entry to nightclubs and other venues where large crowds gathered from the end of September. "I can serve notice now that by the end of September when all over 18s will have had their chance to be double jabbed, we're planning to make full vaccination the condition of entry to nightclubs and other venues where large crowds gather," Johnson said. "Proof of a negative test will no longer be enough." ...

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19 July
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Norway says cyber attack on parliament carried out from China By Reuters

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By Nora Buli OSLO (Reuters) -Norway said on Monday that a March 10 cyber attack on parliament's e-mail system was carried out from China, calling on authorities there to take steps to prevent such activities. "This is a serious incident which has hit our most important democratic institution," Foreign Minister Ine Eriksen Soereide said in a statement. An investigation by the country’s intelligence services had revealed the attack came from China and several of Norway’s allies, the European Union and Microsoft (NASDAQ:MSFT), had also confirmed this conclusion, she added. The Chinese embassy in Norway was...

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