By Frank Dalleres For so long a team who overwhelmed their opponents, Liverpool have become strangely hesitant and disconnected this season. Against Arsenal on Sunday Jurgen Klopp’s side had good spells of possession and carried a goal threat but alway…
UK headed for stagnation on worst inflation crisis in G7, IMF warns
By Jack Barnett A historic hit to Brits’ living standards from roaring inflation and rising interest rates has thrown the UK economy on course to stagnation, the world’s lender of last resort warned today. The UK economy will grow a better than expecte…
Glencore hit with investor lawsuit after bribery conviction
By Nicholas Earl Glencore is facing a class-action-style lawsuit in London’s High Court, following its conviction for bribery earlier this year. More than a dozen global investors have brought claims against one of the world’s largest commodity traders…
US watchdog calls for better crypto market oversight as EU votes on MiCA regulation
By Darren Parkin Data from CryptoCompare shows that the price of Bitcoin moved from around $19,000 to roughly $20,400 at the beginning of the week, before enduring a correction that saw it drop right back to $19,200, the cryptocurrency’s current level….
Green hydrogen fund raises €2bn powered by renewables transition
By Nicholas Earl A fund targeting green hydrogen has raised €2bn to invest in projects as it looks to harness the West’s transition to zero-carbon energy. Hy24 has announced the closing of the Clean H2 Infra Fund, with the strategy exceeding the €1.5bn…
London’s FTSE 100 dragged down by industrial giants as pound weakens against US dollar
By Jack Barnett London’s FTSE 100 dipped today driven lower by investors ditching industrial giants on concerns over a slowdown in commodity demand amid a global economic slowdown. The capital’s premier index dropped 0.45 per cent to close below the 7,…
Truss has just about survived the rhetoric melodrama, now for the work
By Elena Siniscalco Harold Wilson’s maxim that a week is a long time in politics is in danger of becoming a rule for 2022 too. In the last eight days, we have seen the Conservative Party conference take place in Birmingham, the MPs and activists churn …
Kwarteng to meet with IMF after it cautioned chancellor over mini-Budget
By Stefan Boscia Kwasi Kwarteng will travel to Washington, DC this week to meet with the International Monetary Fund (IMF) for the first time as chancellor. Kwarteng is travelling to the US for the IMF’s annual meeting, the first of its kind in-person …
Former Wasps chief executive interested in bid for club
By Matt Hardy Financially troubled Premiership rugby club Wasps could be taken over by a bid headed by former chief executive David Armstrong. The club, who moved to Coventry from High Wycombe in 2014, are facing money woes in relation to tax owed to H…
Octopus edges toward Bulb takeover as £4bn saga nears its end
By Nicholas Earl Octopus Energy (Octopus) is edging closer to taking over fallen rival Bulb Energy (Bulb), bringing to an end an 11 month saga and the biggest state bailout since RBS in 2008. City A.M. understands Bulb’s administrators recommended Octo…