17 May

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UK firms seek staff after lockdown but foreign workers missing – survey By Reuters

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LONDON (Reuters) - British businesses ramped up their search for new staff as pubs, restaurants and other hospitality and travel firms got ready for Monday's lifting of coronavirus restrictions in England, a survey showed. But an exodus of foreign workers is aggravating a shortage of candidates, with more than 10 jobs on offer for every job-seeker in some cities, according to the survey by job search website Adzuna. Job adverts on Adzuna jumped to 987,800 in the first week of May, up by 18% from the end of March, which was before the reopening of non-essential...

17 May

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JD Logistics launches Hong Kong IPO to raise up to $3.4 billion – filings By Reuters

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By Scott Murdoch (Reuters) -JD Logistics will price its shares between $HK39.36 and $HK43.36 each as the company aims to raise up to $3.4 billion, according to the company's filings, in one of Hong Kong's largest share sales in 2021. The logistics offshoot of JD.com Inc will sell 609.1 million shares in the deal which is 10% of the company's total shares, the filings said. An over-allotment option, or so-called greenshoe, exists to sell a further 91 million shares that would raise up to a further $510 million. At that size, JD Logistics will...

17 May

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G7 urged to donate ’emergency’ supplies to vaccine-sharing scheme By Reuters

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By Emma Farge GENEVA (Reuters) - The head of UNICEF on Monday asked G7 countries to donate supplies to the COVAX vaccine-sharing scheme as an emergency measure to address a severe shortfall caused by disruption to Indian vaccine exports. India has curbed exports of the AstraZeneca (NASDAQ:AZN) vaccine made by its Serum Institute, which had been pledged to COVAX, to be used by the country as it battles a massive second wave of infections. U.N. agency UNICEF, which is in charge of supplying coronavirus vaccines through COVAX, estimates the supply shortfall at 140 million doses by...

17 May

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Premature to be envisaging second European stimulus plan -EU antitrust chief By Reuters

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PARIS (Reuters) - The European Union must focus on its current 750-billion-euro ($910 billion) pandemic recovery package before envisaging further stimulus, the EU's antitrust chief told Les Echos, adding that talk of a second plan was a "bit bizarre". In an interview to be published on Monday in the French newspaper, Margrethe Vestager, the European Commission's executive vice president, shot down the need for an additional economic stimulus package for now. U.S. President Joe Biden is proposing a $4 trillion package to rebuild the economy, including programmes for infrastructure, childcare and education. His...

17 May

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Brain gain: New boutiques, deals surge lure expat bankers to Australia By Reuters

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By Scott Murdoch HONG KONG (Reuters) - Australian expatriate investment bankers are returning home in large numbers, lured by the launch of new boutique advisory firms, a sharp pick up in deal-making and the safety of a country relatively unscathed by the coronavirus pandemic. Signs of a strong economic rebound from a brief pandemic- induced recession are underscoring a trend that is starting to reverse a long tradition of Australian bankers heading overseas to more tax-friendly global financial centres. "There is a brain gain happening in Australia, we are acquiring additional knowledge and experience," said Nick...

17 May

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Bitcoin price lower after Musk tweet By Reuters

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(Reuters) - The price of Bitcoin traded below $45,000 on Sunday after a tweet by Tesla CEO Elon Musk, an outspoken supporter of cryptocurrency, suggested Tesla may be considering or may have sold off its bitcoin holdings. Musk's tweet was in response to an unverified Twitter account called @CryptoWhale, which said https:// "Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. With the amount of hate @elonmusk is getting, I wouldn't blame him…". Musk replied https:// "indeed" without specifying whether Tesla had sold off its...

17 May

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European climate group says EU needs far tougher van CO2 targets By Reuters

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By Nick Carey (Reuters) - The European Union needs to dramatically toughen weak CO2 targets for commercial vans to spur a shift to electric models and phase out fossil-fuel sales entirely by 2035, European campaign group Transport and Environment (T&E) said on Monday. T&E said an analysis of van sales in 2020 showed no change in CO2 emissions from 2017 and found the EU's CO2 targets are so weak that most manufacturers can meet them without selling a single zero-emission van. "Standards which entered into force at the beginning of 2020 were supposed to make vans...

16 May

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UK PM Johnson: Britain’s Jews should not have to endure “shameful racism” By Reuters

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LONDON (Reuters) - Prime Minister Boris Johnson on Sunday said there was no place for anti-Semitism in society and that British Jews should not have to endure "shameful racism". "There is no place for antisemitism in our society," Johnson said on Twitter. "Ahead of Shavuot, I stand with Britain’s Jews who should not have to endure the type of shameful racism we have seen today." Johnson did not specify what incident he was referring to. A video posted online earlier on Sunday showed a convoy of cars bearing Palestinian flags driving through north London and...

16 May

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Swiss parliament to look into Credit Suisse fiasco – paper By Reuters

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ZURICH (Reuters) - A Swiss parliamentary committee will discuss the fallout from billions of dollars worth of losses at Credit Suisse (SIX:CSGN) amid risk-management failures, bringing political scrutiny to bear on the financial sector, a Sunday paper reported. "It's the politicians' turn on the Credit Suisse issue," the SonntagsZeitung quoted Prisca Birrer-Heimo, a Social Democrat member of the lower house's economic affairs committee, as saying ahead of committee hearings set for Monday and Tuesday. Credit Suisse declined to comment on the report. Political intervention in the private sector is unusual in Switzerland and the...

16 May

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Bitcoin rises 5.6% to $49,337.72 By Reuters

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(Reuters) - Bitcoin rose 5.63 % to $49,337.72 by 0800 GMT on Sunday, adding $2,628.83 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency is up 77.9% from the year's low of $27,734 on Jan. 4, and down 24% from the year's high of $64,895.22 hit on April 14. Ether, the coin linked to the ethereum blockchain network, rose 6.1 % to $3,868.42 by 0800 GMT on Sunday, adding $222.41 to its previous close. ...

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News

UK firms seek staff after lockdown but foreign workers missing – survey By Reuters

JD Logistics launches Hong Kong IPO to raise up to $3.4 billion – filings By Reuters

G7 urged to donate ’emergency’ supplies to vaccine-sharing scheme By Reuters

Premature to be envisaging second European stimulus plan -EU antitrust chief By Reuters

Brain gain: New boutiques, deals surge lure expat bankers to Australia By Reuters

Bitcoin price lower after Musk tweet By Reuters

European climate group says EU needs far tougher van CO2 targets By Reuters

UK PM Johnson: Britain’s Jews should not have to endure “shameful racism” By Reuters

Swiss parliament to look into Credit Suisse fiasco – paper By Reuters

Bitcoin rises 5.6% to $49,337.72 By Reuters

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