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Hot Off The Wires - 23rd June 2021

News


  • The global wealth gap widened during the Covid pandemic, swelling the ranks of the world’s millionaires by 5.2 million as the rich cashed in on surging stock and house prices.

  • The growth in online grocery sales has levelled off as normal shopping habits return; online purchases accounted for 13.4% of grocery sales in the four weeks to June 13, the same as in the previous four weeks, according to Kantar.

  • The chancellor has appointed former White House adviser and Citigroup chief economist Catherine Mann to the Bank of England’s monetary policy committee.

  • White Square Capital, a London-based hedge fund wrongfooted by this year’s meme stock frenzy, is shutting down.

  • Channel 4 has warned it could be forced to cut its investment in regional television production if the government pushes ahead with ‘irreversible’ plans to privatise the broadcaster.

  • Elon Musk’s Starlink is targeting global coverage from its satellite broadband network by September as it attempts to overtake rivals including Amazon and Britain’s OneWeb.


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