News

The price crash of oil and petrochemical products due to the coronavirus crisis has caused oil giant Royal Dutch Shell to dramatically cut the value of its inventory, following a similar move by BP. The company has said it will see impairment charges of up to £18bn in its second quarter. Weak Demand Shell is […]

There are fears that a record rise in global coronavirus infections could halt the recovery of demand levels for fuel worldwide, pushing down global oil prices despite continuing tight supply levels. Demand Expectations Up until now, oil prices had been propped up by the resumption of increased economic activity worldwide as governments had begun to […]

The old adage ‘sell in May and go away’ might not be helpful advice to investors this year, says the Bank of America. The axiom has long been used by investors as a rule of thumb, since the markets often stagnate or pull back a little during the summer months before rallying in the autumn. […]

DPD, the mail courier and parcel delivery company, has seen soaring demand following the recent boom in eCommerce due to the coronavirus lockdown. The company, as a result, is set to create 6,000 jobs in the UK – split between 3500 new drivers and 2500 other logistics and admin roles. 200m Investment The move is part […]

In recent weeks and months, many countries including the UK, Germany and France have all brought up the idea of a digital services tax, even going so far as to request that the US look at implementing a similar system themselves. Here is a rundown of what the tax is, why it’s being introduced, and […]

A study commissioned by Apple and carried out by economists at Analysis Group has found that the App Store “facilitated half a trillion dollars of trade” last year. Limited Commission The study found that 85% of transactions through the app did not result in a commission being taken by Apple, which usually takes a 30% […]

AP Moller Maersk, the world’s largest container shipping company, has revealed that global container trade fell by almost 5 percent in the first quarter of the year, as the COVID crisis began to pick up speed. Global container trade is the way the vast majority of retail goods are shipped around the world, so the […]

British companies have taken a staggering £30bn in financial lifelines to help them survive the coronavirus crisis, in another sign that all may not be quite as it seems in the underlying economy. A flurry of new equity and debt has been issued as UK business struggles to survive the economic hit caused by the […]

Intu has warned that a lot of credit breaches may take place in the coming months, as the coronavirus crisis continues to impact economies and initiate recessions (as in the cases of Japan and the United Kingdom) on a global scale. Impending Risks The retail industry took another hit as the major shopping centre operator […]

The UK’s inflation rate has hit a four year low of 0.8% as ongoing coronavirus measures force the economy into an inevitable recession. According to the Office of National Statistics (ONS), which tracks the general inflation level of the country, specific lockdown measures have caused inflation to freefall, with oil prices and transport costs plummeting […]