Sterling set a fresh 2-1/2 year high against the dollar and a new 8-month high against the euro on Thursday on hopes that Britain's brisk pace of COVID-19 vaccinations would lead to a relatively quicker rebound in economic growth. With a Brexit deal in the bag, Britain's lead in vaccinations, along with lowered expectations of negative interest rates from the Bank of England, has boosted the pound against the euro. "If you look at the current status of the vaccination process, the UK is leading here in Europe and it's also still vaccinating at a faster pace than in most of the big EU countries," said Mikael Milhøj, senior analyst at Danske Bank.
Striker joins on an 18-month initial loan that is expected to be made permanent
President Joe Biden returns to work at the White House, Dr. Fauci to deliver a speech to WHO and more things to start your Thursday.
Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or "the Company") announced today that its UK subsidiary, Elbit Systems UK Ltd. ("Elbit Systems UK"), was awarded an approximately $137 million (approximately £100 million) contract by the UK Ministry of Defence to provide the British Armed Forces with the future target acquisition solution for Joint Terminal Attack Controllers and Fire Support Teams under the Dismounted Joint Fires Integrators ("D-JFI") program. The contract will be performed over a five-year period.
The "Cuba Upstream (Oil and Gas) Fiscal and Regulatory Guide" report has been added to ResearchAndMarkets.com's offering.
The soothsayer qualities of 'The Simpsons' were in action again at the inauguration of Joe Biden.
The Frenchman is putting together a fine run of form to help propel United to the top of the table with his performance against Fulham on Wednesday perhaps his best yet
(Bloomberg) -- Bank of Japan Governor Haruhiko Kuroda looked to keep all his options open for a policy review in March following two critical months that will likely determine whether the pandemic will ease or take a turn for the worse.Speaking at a press briefing after the central bank left all of its main policy settings unchanged, Kuroda spent much of his time counting nothing out of the review into the mechanics of the bank’s stimulus program. The one point he insists will not change is the BOJ’s basic approach to stimulus.“Yield curve control has worked appropriately and I don’t think the framework itself needs to be changed,” Kuroda said. “But from the standpoint of achieving more effective and sustainable monetary easing its operations are under review.”By keeping economists and investors guessing, the governor has bought time to decide on whether the review leads to something closer to an overhaul of policy to deal with a worsening crisis or whether some tweaks at the margins will be sufficient should the economic outlook be looking brighter by mid-March.“Kuroda chose not to paint any picture of the policy review at this point,” said Kyohei Morita, chief Japan economist at Credit Agricole Securities Asia. “While Kuroda says it’s going to be a fine-tuning, the BOJ has already become a whale in every corner of Japan’s markets. What it says has a direct impact on those markets and creates big waves.”Thursday’s meeting came with 60% of Japan’s economy in a state of emergency that the BOJ believes will deepen the contraction over the 12 months to March to 5.6%.While the bank took a gloomier view of the current state of the economy amid record cases of Covid-19, the BOJ concluded that weaker growth at the end of the current fiscal year and a government stimulus package announced last month will result in a stronger rebound in the year starting April.“The growth outlook, especially for fiscal 2021, has been lifted somewhat considering the impact of the government’s economic policy,” Kuroda said. “There is a high degree of uncertainty, though, because the outlook can change with the trajectory of the pandemic.”By the time of the review, the BOJ should have a clearer picture of the outlook.Kuroda said he had no preconceived ideas over what the review should conclude. He said it would look into the pros and cons of negative rates, asset purchases and the yield control mechanism. He said he wanted to enable the bank to respond more effectively and nimbly. Nothing had been decided on the acceptable movement range around the BOJ’s 10-year yield target, he added.Excessively low yields for bonds beyond the long-term 10 year range can harm life insurers and pension funds, he said. Still, he wanted to keep the yield curve low until after the virus started to die down.While continued consideration of the negative side effects of policy was needed, including the impact on the functioning of markets, Kuroda said that positive effects of the overall framework including its negative rates had outweighed the downside factors.What Bloomberg Economics Says...“The conclusions of the review -- due in March -- will likely hinge on the strength of the economy. The better outlook suggests any adjustments the BOJ makes will be aimed more at improving the quality of its stimulus rather than the quantity.”\-- Yuki Masujima, economistFor the full report, click hereEarlier in the day, Prime Minister Yoshihide Suga’s administration nominated another reflationist to the central bank’s board, helping to ensure policy continuity.The nominee, 63-year-old economist Asahi Noguchi has ties with the board, having co-authored a 2007 book on economic policy with sitting BOJ deputy governor Masazumi Wakatabe, along with well-known Abenomics proponent Koichi Hamada.Suga Government Nominates Reflationist Academic to BOJ Board (2)On inflation, the BOJ kept its projection that price growth is unlikely to meet the bank’s 2% target before early 2023, when Governor Haruhiko Kuroda’s current term expires.That was one of the main takeaways from the meeting, according to Credit Agricole’s Morita.“Inflation isn’t going to hit the target in fiscal 2023 when Kuroda leaves the BOJ,” Morita said. “So the review is necessary to show a freshened-up approach before its next forecasts in April.” (Adds comments from Kuroda and economist.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- InPost SA shareholders are seeking to raise as much as 3.2 billion euros ($3.9 billion) in an initial public offering in Amsterdam, as the Polish postal locker provider’s business is bolstered by an online shopping boom set off by coronavirus-induced lockdowns.InPost is marketing 175 million existing shares at 14 euros to 16 euros apiece, the company said in a statement Thursday. The sale would value the company, which isn’t raising any money in the offering, at 7 billion euros to 8 billion euros.Underwriters gathered enough investor demand to cover the full deal throughout the price range soon after opening up the IPO order book, according to terms seen by Bloomberg News.This IPO shows that companies that straddle e-commerce and technology are hot for investors during the pandemic, Rafal Janczyk, a fund manager at Aviva Investors TFI SA, said by phone.The Polish company is joining other beneficiaries of stay-at-home orders in going public. Online retailers THG Holdings Plc and Allegro.eu SA listed in the U.K. and Poland, respectively last year, while virtual greeting-card company Moonpig Group Plc announced plans last week for a London listing.InPost got 26.2% of its revenue from Allegro, and an additional 20.7% from merchants selling goods on its platform, in the first nine months of 2020, according to an IPO prospectus published on its website. The document also said that the “substantial share” of revenue that InPost gets from Allegro is a key risk for the company.Selling shareholders include Advent International, Templeton Strategic Emerging Markets Fund and PZU Fundusz. The offer period is expected to run through Jan. 28, with trading scheduled to begin on Euronext Amsterdam the following day.InPost has already secured 1.03 billion euros of cornerstone investments, about a third of the total deal size, from Blackrock Inc., Capital World Investors and Singapore’s sovereign wealth fund GIC, according to the statement. Issuers and their advisers are increasingly lining up large shareholder orders before opening up IPOs to market to minimize risk.Including an over-allotment option of as many as 26 million shares, the total offer size is 201 million shares. If the option is exercised in full, about 40.25% of InPost’s stock will be available for trading.Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. are joint global coordinators. ABN Amro Bank NV, Barclays Bank Plc, BNP Paribas SA and Jefferies International Ltd. are joint bookrunners.(Adds details from IPO prospectus, fund manager comments and book covered message.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Norway anticipates reduced supply of the Pfizer/BioNTech vaccine until the second week of February, but has an emergency stockpile and will continue administering doses as planned, the government's public health body said. Pfizer said last week it would until early February reduce deliveries to Europe of the shots developed with its partner BioNTech while it upgraded production capacity. Camilla Stoltenberg, head of the Norwegian Institute of Public Health, said the company had given varying guidance, but normal supplies were expected to resume by mid-February.
Film follows a talented violinist who loses her sight in an anonymous attack
The UK government faces a barrage of criticism over Brexit disruption, from seafood and meat producers and hauliers to the Irish government.
The 23-year-old has scored 27 goals during his two-and-a-half years at Mainz.
The "Iran Midstream Oil and Gas Industry Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.
China on Thursday expressed hope the Biden administration will improve prospects for people of both countries and give a boost to relations after an especially rocky patch, while getting in a few final digs at former Trump officials. “I think after this very difficult and extraordinary time, both the Chinese and American people deserve a better future,” Foreign Ministry spokesperson Hua Chunying told reporters at a daily briefing. “Many people of insight in the international community are looking forward to the early return of Sino-U.S. relations to the correct track in making due contributions to jointly address the major and urgent challenges facing the world today,” Hua said.
Major companies in the legal services market include Latham & Watkins; Kirkland & Ellis LLP; Baker & McKenzie; Skadden, Arps, Slate, Meagher & Flom and DLA Piper. The global legal services market is expected to grow from $713.New York, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Legal Services Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06009769/?utm_source=GNW 66 billion in 2020 to $734.56 billion in 2021 at a compound annual growth rate (CAGR) of 2.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $908.17 billion in 2025 at a CAGR of 5%.The legal services market consists of the sales of law-related services and related goods by entities (organizations, sole traders and partnerships) that advise clients (individuals, businesses or other entities) about their legal rights and responsibilities, and represent clients in civil or criminal cases, business transactions and other matters, in which legal advice and other assistance are sought. Legal services undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or a team is responsible for the delivery of services to the client. The legal services market is segmented into B2B legal services; B2C services; hybrid services and criminal services.North America was the largest region in the global legal services market, accounting for 56% of the market in 2020. Western Europe was the second largest region accounting for 24% of the global legal services market. Africa was the smallest region in the global legal services market.Law firms around the world are offering cybercrime legal consulting services to their clients, owing to the increasing incidence of this type of crime. Cybercrime refers to a crime that is committed using an internet connection and a computer. This includes cyber-stalking, counterfeiting, money laundering, embezzlement, fraud, and tax evasion using internet and electronic devices. In the UK alone, around $35 billion is the estimated annual cost of cybercrimes. Law firms offering cybercrime consulting services employ lawyers, consultants, and ethical hackers who are experienced in handling crisis management, online financial theft, loss of data, data privacy, and intellectual property infringement. Large law firms practicing in the field of data privacy and cybersecurity include Latham & Watkins, DLA Piper, and Skadden, Arps, Slate, Meagher & Flom. The growing concern of organizations and individuals about cybercrimes is expected to increase the cybercrime legal consulting services market globally. Coronavirus Pandemic - The outbreak of Coronavirus disease (COVID-19) has acted as a restraint on the legal services market in 2020 as governments globally imposed lockdowns and restricted trade, thereby limiting the need for professional services. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of ’lock down’ and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the legal services market will recover from the shock across the forecast period as it is a ’black swan’ event and not related to ongoing or fundamental weaknesses in the market or the global economy.?Political Trade Agreements Reforms - Globally, changes in political structure, legal reforms, and trade agreements are creating opportunities for law firms. International companies and organizations are bound to comply with various laws and regulations of different countries and specific trade agreements. Changes in the legal structure of intrastate agreements increases the demand for legal services. For instance, the UK’s exit from the European Union is expected to increase the demand for law services due to the complexity of the regulatory and legislative changes pertaining to jurisdiction, judicial structure and trade. Law firms such as Dechert, Simmons & Simmons, Clifford Chance, and DLA Piper have set up specialized BREXIT teams and hotlines staffed with lawyers to help clients with a smooth transition. Going forward, the USA’s withdrawal from the Trans-Pacific Partnership, Paris Agreement, and South Korea trade deal is expected to further drive the demand for legal services in the future.Read the full report: https://www.reportlinker.com/p06009769/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________ CONTACT: Clare: email@example.com US: (339)-368-6001 Intl: +1 339-368-6001
European stocks rose on Thursday in a narrow but broad-based advance, as expectations build for a stronger economy after U.S. President Joe Biden's first full day in office.
(Bloomberg) -- Bitcoin closed in on the lowest in three weeks as the cryptocurrency’s sizzlying rally gives way to pessimism that prices are too high.Bitcoin tumbled 5.9% on Thursday, sliding below $33,000. The largest digital asset has trended lower ever since breaking through $40,000 amid growing speculation that the market is in a bubble.While the soaring crypto prices fueled a speculative mania among the Robinhood crowd, it’s also made professional investors reluctant to buy at the top. The debate continues to rage over Bitcoin’s perceived value, with believers pointing to factors such as institutional interest in the cryptocurrency as an inflation hedge. Others see the return of another speculative bubble echoing its 2017 collapse.“Bitcoin just entered the danger zone,” wrote Edward Moya, senior analyst at Oanda. “This doesn’t seem like the end for the crypto bubble, you just might need to see Bitcoin drop to $30,000 level before that institutional money sees value in it.”The token is now on track for a second straight weekly decline, for the first time since the early October. Since peaking in early January, price have tumbled almost 20%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Unilever says that by 2030 suppliers must pay staff enough to cover a family's basic needs.
I mean, it kind of looks that way.