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Hot Off The Wires - 12th August 2021

News


  • The White House has called on Opec to boost oil production in an effort to curb high petrol prices that Biden administration officials say ‘risk harming the ongoing global recovery’.

  • Hackers have stolen more than $600m from a cryptocurrency exchange in one of the biggest cyber heists to hit the sector.

  • US inflation hit 5.4% in July compared to last year, coming in slightly stronger than the 5.3% economists had expected and driven by a sharp increase in energy prices and the cost of used vehicles.

  • Geothermal Engineering, a geothermal energy company, plans to extract lithium alongside power plants in Cornwall after finding record concentrations of the metal.

  • Regions in Britain with a flourishing tourism industry have already regained the losses their labour market suffered from the Covid-19 crisis, but big cities including London are still struggling, a new report suggests.

  • Terry Smith, the outspoken star investment manager, has written to clients to defend his track record after reports in May that drew attention to withdrawals from Fundsmith Equity Fund.


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How many times has the Mona Lisa been stolen from the Louvre?

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