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Investment Week (June 29)

2022/ 07/ 01 by jd in Global News

“Shop price inflation in the UK accelerated to a near 14-year high in June, powered by a sharp rise in food prices as retailers battle rising supply chain expenses and a decline in consumer spending. Shop prices were up by 3.1% in June, up from 2.8% in May.” This marked “the highest rate of inflation since September 2008” and it was largely “powered by 5.6% growth in food prices.”

 

Investment Week (June 22)

2022/ 06/ 24 by jd in Global News

“UK inflation has hit another 40 year high of 9.1% in May, up from 9% in April. The slight increase from already record high inflation rate came largely from rising food and non-alcoholic beverage prices,” while gas and diesel prices rose to “the highest on record.” The “top financial priority” for 58% of UK adults is now “day to day costs, like paying bills and for food.”

 

Investment Week (June 16)

2022/ 06/ 18 by jd in Global News

“The industry has labelled the Bank of England a ‘timid cat’ following its interest rate rise of 0.25% in its bid to tackle inflation on Thursday (16 May), with many stating it was simply prolonging the time till they take the necessary action.” Following the 25-basis-point hike, UK interest rates stand at 1.25%, with the BoE expecting inflation “to peak at 11% in October.”

 

The Economist (June 11)

2022/ 06/ 13 by jd in Global News

“Britain is stuck in a 15-year rut. It likes to think of itself as a dynamic, free-market place, but its economy lags behind much of the rich world. There is plenty of speechifying about growth, and no shortage of ideas about how to turn the country round. But the mettle and strategic thinking that reform requires are absent.”

 

The Guardian (March 30)

2022/ 04/ 01 by jd in Global News

“The pandemic has changed, but the idea that it is over is false.” Last week, the UK had an estimated 4.26 million cases and hospital “admissions with Covid are only 2% below the first Omicron peak two months ago and still rising.” Nor is Covid endemic. Eventually, it probably will be, but endemic “does not necessarily mean mild,” as TB, Malaria and other endemic diseases illustrate. “Trying to ignore a disease that is still so unpredictable feels a bit like turning your back on a hungry tiger in the undergrowth.”

 

Bloomberg (March 1)

2022/ 03/ 03 by jd in Global News

“First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves out of the world’s largest energy exporter, probably forever.” The moves will “put pressure on remaining foreign investors, including Exxon Mobil Corp. and France’s TotalEnergies SE, to follow suit as Russia’s war in Ukraine forces a dramatic rupture with the global economy.”

 

BBC (January 18)

2022/ 01/ 20 by jd in Global News

“The United Nations has identified three existential environmental threats – climate change, biodiversity loss and pollution – and concluded that they must be addressed together” through multilateral agreements. Now “more than 100 countries, including the UK” appear to support a dedicated plastics treaty that may be “proposed at the next UN Environment Assembly in February and March.”

 

New York Times (December 29)

2021/ 12/ 30 by jd in Global News

UK companies got hit with “higher costs and endless forms” in the first post-Brexit year. “While the worst of the Brexit trade disruptions are over, British exports to the European Union are down and companies are frustrated.”

 

The Guardian (December 28)

2021/ 12/ 28 by jd in Global News

The UK has seen another record rise of daily Covid cases, with 138,831 reported in England, Scotland and Wales alone.” Still, there may be cause for hope. “Although hospital admissions had increased in recent weeks as Omicron spreads through the population, fewer patients were needing high-flow oxygen and the average length of stay was down to three days.”

 

The Guardian (December 11)

2021/ 12/ 12 by jd in Global News

Under New Zealand’s ban on smoking, “those aged 14 and under in 2027 will never be able to buy tobacco products legally. The legal smoking age will increase with every year that passes–meaning that in 2073, someone who is 61 will be able to buy cigarettes whereas someone who is 60 will not. But, as the government ramps up anti-drug measures in the UK at the same time, you have to ask – when has criminalising a substance ever worked?”

 

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