23 March

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Scottish parliamentary committee says it was misled by First Minister Sturgeon By Reuters

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LONDON (Reuters) - A Scottish parliamentary committee says First Minister Nicola Sturgeon misled it over evidence she gave about her handling of sexual harassment complaints, a potential breach of the ministerial code of conduct, the BBC reported on Tuesday. The findings come the day after an independent inquiry by a senior lawyer concluded she had not broken the code in any...

23 March

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AB Volvo shares fall 7% after warning chip shortage to hit output By Reuters

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STOCKHOLM (Reuters) - Shares in AB Volvo fell 7% on Tuesday after the Swedish truckmaker warned of a substantial hit on production in the second quarter due to the global shortage of semiconductors. The company, which has 18 production facilities globally, was forced by the shortage to cut production at its factories in Belgium and Brazil. Deutsche Bank (DE:DBKGn) analysts...

23 March

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UK shares fall as recovery worries hit bank, energy stocks By Reuters

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(Reuters) - British shares fell on Tuesday, dragged down by energy and bank stocks, as new lockdowns and slow vaccine rollouts across Europe stoked fears over the pace of economic recovery, while Cineworld rose after plans to reopen its theatres. The commodity-heavy FTSE 100 index was down 0.6%, with oil heavyweights BP (LON:BP) and Royal Dutch Shell (LON:RDSa) being...

23 March

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Trustpilot’s shares rise in London debut By Reuters

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By Carolyn Cohn and Abhinav Ramnarayan LONDON (Reuters) -Shares in online reviews platform Trustpilot (L:TRST) rose 14% in their stock market debut on Tuesday, adding to a spate of initial public offerings (IPOs) by technology companies in Europe that have met an enthusiastic reception from investors. The British tech company had earlier priced the IPO at 265 pence per share, giving...

23 March

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Europe facing difficult quarter but ECB will do its part – ECB’s Lane By Reuters

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FRANKFURT (Reuters) - Europe is facing a difficult second quarter as coronavirus infections rise and governments reimpose lockdown measures, but the European Central Bank will do its part to keep borrowing costs ultra low, ECB chief economist Philip Lane said on Tuesday. Fearing that rising borrowing costs would derail the recovery, the ECB earlier this month promised to ramp up bond...

23 March

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BP CEO Looney receives $2.4 million in 2020 after bonuses binned By Reuters

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By Ron Bousso LONDON (Reuters) - BP (LON:BP) Chief Executive Bernard Looney's remuneration was 1.735 million pounds ($2.4 million) in 2020 after it scrapped all bonuses during his first year in office due to the pandemic, the energy group said in its annual report. Looney's pay included 1.18 million pounds in salary and 351,000 pounds in shares, while he and...

23 March

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Twitter boss Jack Dorsey’s first tweet sold for $2.9 million as an NFT By Reuters

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By Elizabeth Howcroft LONDON (Reuters) - Twitter boss Jack Dorsey sold his first tweet as an NFT for just over $2.9 million dollars on Monday. The tweet is in the form of a non-fungible token (NFT) - a kind of unique digital asset that has exploded in popularity so far in 2021. Each NFT has its own blockchain-based digital signature, which...

23 March

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In Southeast Asian internet battle, Sea’s rise sends rivals scrambling By Reuters

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By Fanny Potkin and Anshuman Daga SINGAPORE (Reuters) - In front of an open-air Jakarta restaurant, delivery drivers clad in the orange colours of Southeast Asia tech group Sea Ltd wait for orders next to the green-jacketed riders of market leaders Gojek and Grab, in what has become the latest battleground for tech...

23 March

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Yellen, Powell to Face Down Deficit, Inflation Fears at Congress By Bloomberg

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(Bloomberg) -- Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell will enter a heatedly partisan arena on Tuesday to kick off two days of congressional hearings assessing the economic policy response to the Covid-19 crisis. Less than two weeks after President Joe Biden signed a $1.9 trillion pandemic relief bill that failed to win a single Republican vote in Congress, the...

23 March

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Major employers scrap plans to cut back on offices – KPMG By Reuters

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LONDON (Reuters) - Most major global companies no longer plan to reduce their use of office space after the coronavirus pandemic, though few expect business to return to normal this year, a survey by accountants KPMG showed on Tuesday. Just 17% of chief executives plan to cut back on offices, down from 69% in the last survey in August. "Either downsizing...

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Scottish parliamentary committee says it was misled by First Minister Sturgeon By Reuters

AB Volvo shares fall 7% after warning chip shortage to hit output By Reuters

UK shares fall as recovery worries hit bank, energy stocks By Reuters

Trustpilot’s shares rise in London debut By Reuters

Europe facing difficult quarter but ECB will do its part – ECB’s Lane By Reuters

BP CEO Looney receives $2.4 million in 2020 after bonuses binned By Reuters

Twitter boss Jack Dorsey’s first tweet sold for $2.9 million as an NFT By Reuters

In Southeast Asian internet battle, Sea’s rise sends rivals scrambling By Reuters

Yellen, Powell to Face Down Deficit, Inflation Fears at Congress By Bloomberg

Major employers scrap plans to cut back on offices – KPMG By Reuters

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