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In the press

Reaction – Have the Chinese abolished boom and bust?
August 2, 2021

View this article here. In the last month, China’s highly successful private tutoring companies and many of its top tech companies, including entertainment giant Tencent, online retailer AliBaba and ride hailing app Didi, have all fallen foul of new Chinese government regulations and faced sharp share price falls. Meanwhile the second-largest Chinese property company Evergrande, which

The Times – US economy bigger than before Covid in consumer-led recovery
July 30, 2021

View this article here. The American economy is larger than it was before the pandemic thanks to huge stimulus efforts and widespread vaccination, but growth in the second quarter still failed to live up to analysts’ expectations. The US economy is enjoying a strong, consumer-led recovery thanks to the government’s $1.9 trillion stimulus package. Output is

The Pew Charitable Trusts – To Better Fight Illegal Fishing, Governments Advance Information Sharing and Capacity Development
July 29, 2021

View this article here. Illegal, unreported and unregulated (IUU) fishing is a major issue worldwide, accounting for up to 1 in 5 wild-caught ocean fish every year. Now, with more States joining a treaty intended to stop IUU fishing, effective coordination across regional, national and international boundaries to fight this illicit activity grows ever more

Bloomberg – U.K. Food Fears Return as Covid Pings Spark Labor Shortages
July 27, 2021

View this article here. British food producers, retailers and transport companies descended into panic mode over the weekend as a surge in workers being forced to self-isolate hits suppliers across the country. Workplaces have seen a rush of absences after 1.7 million people were “pinged” as of last week by a National Health Service app that tells

Bloomberg – U.K. Economy Faces $6.3 Billion Hit From Pingdemic, CEBR Says
July 25, 2021

View this article here. The U.K.’s economy could face a loss of more than 4.6 billion pounds ($6.3 billion) in just four weeks if rules on self-isolation following a “ping” from the NHS app aren’t relaxed, according to data from Centre for Economics and Business Research. Since July 19 “freedom day,” the surge of Covid cases in

The Star – UK economy faces US$6.3b hit from ‘pingdemic’, CEBR says
July 24, 2021

View this article here. The U.K.’s economy could face a loss of more than 4.6 billion pounds ($6.3 billions) in just four weeks if rules on self-isolation following a “ping” from the NHS app aren’t relaxed, according to data from Centre for Economics and Business Research. Since July 19 “freedom day,” the surge of Covid

The Kuwait Times – UK ‘pingdemic’ leads to supermarket shortages
July 24, 2021

View this article here. LONDON: British supermarkets and suppliers warned Thursday of possible food shortages due to staff self-isolating, as rising coronavirus cases threaten chaos after the government controversially eased all restrictions earlier this week. With millions of workers and school children currently forced to stay home under COVID-19 tracing rules — in what has been

The Telegraph – £4.6bn pingdemic bill as disruption dents economic recovery
July 23, 2021

View this article here. The recovery is being crippled by the “pingdemic” as experts put the cost of the economic damage from millions of self-isolating workers at almost £5bn. Private sector firms suffered their slowest growth since the economy began unlocking in April as a surge in self-isolating staff worsened existing recruitment difficulties and labour

Daily Express – Risk of debt: over-55s hit by urge to splurge
July 22, 2021

View this article here. Silver spenders have been warned against going on a spree to celebrate Freedom Day, as new research shows that many risk falling into debt as they borrow money to fund their pursuit of fun. The urge to spend, spend, spend is understandable after constant lockdowns, with millions of people looking to

Mortgage Strategy – Borrowing by over-55s set to rise: More2life and CEBR
July 21, 2021

View this article here. Total debts held by over-55s are forecast to swell by £10bn over the next year to £236bn, up from £226bn last year as consumer confidence returns, according to new analysis. The study, by More2life and the Centre for Economics and Business Research, suggests that returning optimism will result in lead to

Edinburgh Evening News – Edinburgh Festival: The value of this £1 billion event to city’s economy has been clear for decades – Steve Cardownie
July 21, 2021

View this article here. Bold headlines proclaimed that festivals can drive the capital’s recovery, according to Liz McAreavey the chief executive of Edinburgh Chamber of Commerce who said: “What has been really clear over the last 18 months is the connection between the economy and festivals”. However I would suggest that “the connection between the economy and

CGTN – England’s ‘Freedom Day’: A balancing act between economics and safety
July 20, 2021

View this article here. The Centre for Economics and Business Research (CEBR) said COVID-19 was the main cause of the $348 billion drop in the value of UK goods and services over the past year. Forecasters warn that not fully opening up the economy could cost upwards of $76 million a day. “In the entertainment

Assembly – US Businesses Are Optimistic and Primed to Spend
July 16, 2021

View this article here. Good news! According to a new survey of global businesses conducted by American Express and the Centre for Business and Economic Research (CEBR), U.S. companies are the most bullish and optimistic when it comes to business-to-business (B2B) spending than companies in five other industrialized countries. The Global Business Spend Indicator (GBSI)

In Your Area – Digital Minister visits Harpenden to celebrate Openreach’s five millionth customer getting access to ultrafast full fibre broadband
July 14, 2021

View this article here. Minister for digital infrastructure, Matt Warman, has visited Harpenden, Hertfordshire, to officially ‘switch on’ the five millionth home to get access to Openreach’s ultrafast ultra-reliable broadband network. The Minister was given a guided tour of the town’s exchange building where Openreach engineers have installed new digital broadband equipment.  He then helped

International Airport Review – Heathrow and UK aviation industry to support economic pivot post-Brexit
July 14, 2021

View this article here. New research has highlighted how the UK could undergo an economic pivot post-Brexit, with non-European Union (EU) trade potentially increasing by 20 per cent over the next five years, from nearly £473 billion in 2019 to £570 billion in 2025. According to the Centre for Economics and Business Research, aviation will

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