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Cleaners union warns of rising job cuts and poverty
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City of London corporation: Central facing cultural catastrophe
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Oil prices at highest in a year as traders bet on vaccine-fuelled recovery Tom Belger McKittrick, California, CALIFORNIAAPRIL 29, 2020There are over 1,100 producing oil wells in the McKittrick oil field, just north of the town of McKittrick on Cal. State Route 33. With the falling price of oil, some pumpjacks that need repair are being left idle. (Carolyn Cole/Los Angeles Times via Getty Images)
Benchmark oil prices hit their highest level in more than a year on Tuesday, as traders bet on a vaccine-fuelled recovery in global demand.
Production cuts and a rally on wider financial markets this week also saw investors pile into the sector, despite BP (BP.L) posting its first annual loss in a decade.
| UPDATED: 08:49, Tue, Feb 2, 2021
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Mr Sunak has received praise for the furlough scheme and other support measures designed to keep people afloat during the pandemic. However, the self-employed have piled pressure on the Chancellor as The Self Employed Support Scheme (SEISS) has still left millions without extra support. The fourth SEISS grant has already been announced and will cover the period from February until April 2021 – following three extensions since April 2020. But some details surrounding how much the grant will cover remain unknown, but should become clearer wh
30 Dec 2020 in 16:35
Bitcoin continued to break new ground on Wednesday, soaring over $28,500.
Bitcoin rose over 5% against the dollar to hit a record high of $28,506.46 (BTC-USD) in early trade in London.
The all-time high means bitcoin has jumped by 46% since the start of December, Yahoo Finance UK reported.
For 2020, the cryptocurrency is up almost 300%, among increased interest from institutional investors, and worries over the inflationary impact of this year’s huge coronavirus-related stimulus packages.
“Bitcoin has increasingly seen demand from larger U.S. investors, in particular, attracted by its perceived inflation-hedging qualities and the potential for quick gains, as well as expectations it would become a mainstream payments method,” according to Reuters.
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