Newsletter Mar 14, 2023

UK boosts security spending against China and Russia threats

Britain's top diplomat added Beijing was "stoking tensions" with Taiwan -- the self-governing island which China considers its territory -- and trying to "strong-arm" other countries.

Smoothies in, alcopops out as UK updates inflation index for 2023

Frozen berries used to blend home-made smoothies are in, while alcopops at the pub are out, according to Britain's annual update of the goods and services used to calculate consumer price inflation (CPI) data.

Britain's tax take risks blowing green energy off target

A cap on revenue and the lack of the kind of incentives offered to oil explorers are blocking the development of renewable energy in Britain, say industry officials who are pressing for changes ahead of this week's budget.

HSBC buys US bank SVB's UK arm for 1 pound

The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a nominal ?1 ($1.2) in a rescue deal, the government and HSBC announced Monday.

Etsy, other e-commerce companies feel squeeze of SVB collapse

Etsy on Monday resumed payments to merchants with Silicon Valley Bank accounts.

As hawkish Fed pricing goes away, bullish dollar calls fade

Emergency measures by the Fed and the U.S. government on Sunday to guarantee bank deposits have failed to reassure markets after Silicon Valley Bank and Signature Bank collapsed.

Proposed data bill to save UK economy £5 billion in 10 years

A new proposed UK data bill would reduce pointless paperwork for UK businesses and other EU countries could follow suit to ease European companies.

Major crypto coins stabilise after U.S. intervenes on SVB collapse

Major cryptocurrencies stabilised on Monday after U.S.

Euro area bond yields tumble as SVB collapse scares investors

Government bond yields fell on Monday as investors rushed into safe-haven assets while assessing the possible fallout from Silicon Valley Bank's (SVB) collapse amid bets on less aggressive tightening from the U.S.

Porsche backs synthetic option in EU fossil fuels row

The CEO of German auto giant Volkswagen and its luxury subsidiary Porsche on Monday backed moves by Berlin to block a European ban on new combustion engines from 2035.

Bank of England and HM Treasury considers 'digital pound'

Declining cash usage fuels current Bank of England and HM Treasury consultation on a new 'digital pound' before the end of this decade.

Businesses must switch to EV charging, claims expert

Now is the time for businesses to consider a switch to EV charging as the UK transition towards zero-emission vehicles, according to Nicola Mahmood, Business Development Director for Equans EV Solutions.

The number of women in the financial markets grows every year despite stereotypes

Statistics from XTB group suggest the percentage of women interested in financial markets has increased from 16 per cent in 2022, with women working in the financial sector contributing £1.12 trillion to the UK economy.

UK approves increased submarine-related exports to Taiwan, risking angering China

Britain approved a sharp increase in exports of submarine parts and technology last year to Taiwan as it upgrades its naval forces, a move that could impact British ties with China.

ChatGPT is now available on Apple Watch with watchGPT app, here's how to get it

Apple Watch now supports OpenAI's ChatGPT via the watchGPT app, which you can download from the App Store. Here's everything you need to know.

Marketmind: Markets now banking on no more Fed hikes

A look at the day ahead in Asian markets from Jamie McGeever.

Court revives Apple, Google challenge to U.S. patent-review policy

Apple Inc, Google LLC, Cisco Systems Inc and others can sue the U.S. Patent and Trademark Office to challenge a rule that reduced the number of patent-validity proceedings at a USPTO tribunal

Boeing expected to sell nearly 80 787 planes to Saudi Airlines -source

Boeing Co is expected to sell nearly 80 787 Dreamliner airplanes to two Saudi Arabian airlines, a source briefed on the matter said on Monday.

BBC seeks to quell furore by putting Lineker back on air

Britain's BBC reinstated its highest-paid presenter Gary Lineker on Monday after its suspension of the former England football captain for criticising state immigration policy brought a public backlash and near mutiny at the public broadcaster.