Member Info for Darth.Trader

... Since Global Crisis Flashes Warning.

https://www.businessinsider.com/recession-outlook-bank-credit-contracts-federal-reserve-interest-rates-economy-2024-1!~OMSelectionMarkerStart~!!~OMSelectionMarkerEnd~!

DYOR

More than 4,500 Stonegate pubs across the United Kingdom that could face an uncertain future, as their owner, TDR capital is seeking to 'refinance' a £2.6bn black hole. One of the largest pub companies in the UK, it employs more than 19,000 workers.

DYOR

It will be bearish signal if Lloy do not continue with the Buybacks...

DYOR

Really China’s next big export?

https://www.ft.com/content/ccb13d73-f875-43a8-89c7-9d4a611588cb

from one extreme to another....

DYOR

NATO needs 'warfighting transformation', top military official says.....

https://www.reuters.com/world/europe/nato-needs-warfighting-transformation-top-military-official-says-2024-01-17/?utm_source=twitter&utm_medium=Social

DYOR

..Every cloud eh,

"Russia’s government has tapped almost half of the national wealth fund’s available reserves to shield the economy against the fallout from the war in Ukraine, leaving it vulnerable to future shocks".

DYOR

To Safeguard Imports Critical to Economy.

https://www.bloomberg.com/news/newsletters/2024-01-17/supply-chain-latest-uk-strategy-to-safeguard-critical-imports?utm_medium=social&cmpid%3D=socialflow-twitter-economics&utm_campaign=socialflow-organic&utm_content=economics&utm_source=twitter

DYOR

The UK’s hospitality and nightlife sector is “teetering on the brink” of collapse, industry voices have warned, after a number of high-profile closures have piled pressure on the government to provide more support.

https://www.cityam.com/uk-nightlife-and-hospitality-teetering-on-brink-of-collapse-as-government-intervention-urged/

DYOR

Panderman "Egypt will be losing a fortune"

as for the likes of Maersk, well they'll be making a fortune. Hapag-Lloyd, Maersk to form new alliance from 2025.

DYOR

Maersk CEO sees Red Sea shipping disruption lasting 'at least a few months'.

CEO Vincent Clerc said on Wednesday the disruption to global shipping caused by the attacks on vessels in the Red Sea will probably last at least a few months.

Maersk and other large shipping lines have instructed hundreds of commercial vessels to stay clear of the Red Sea, sending vessels on the longer route around Africa in response to attacks on shipping by Iranian-backed Houthi militants.

"So for us this will mean longer transit times and probably disruptions of the supply chain for a few months at least, hopefully shorter, but it could also be longer because it's so unpredictable how this situation is actually developing," said Clerc, speaking to the Reuters Global Markets Forum in Davos.

Freight rates have more than doubled since early December, according to maritime consultancy Drewry's world container index, while insurance sources say war risk insurance premiums for shipments through the Red Sea are also rising.

Banking executives have said they were worried the crisis might create inflationary pressures that could ultimately delay or reverse interest rate cuts.

"This is extremely disruptive because you have close to 20% of global trade that transits through the Bab al-Mandab Strait. It's one of the most important arteries of global trade and global supply chains and it's clogged up right now," said Clerc.

read more.

https://www.reuters.com/business/maersk-ceo-sees-red-sea-shipping-disruption-lasting-at-least-few-months-2024-01-17/?taid=65a7b45ecc8ea90001fdf049&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

DYOR

Btw Joe ,just for the record, you have never been the UK PM...

DYOR

""President Joe Biden.

Did not know he was UK PM

I must of been a sleep""

Hi Joe...

DYOR

Unveils proposed changes to big banks’ overdraft fees.

The Consumer Financial Protection Bureau unveiled a highly anticipated rule proposal targeting big banks’ overdraft fee practices.

Since 2000, American consumers have paid an estimated $280 billion in bank overdraft fees, according to CFPB data.

“Banks call it a service—I call it exploitation,” said President Joe Biden.

https://www.cnbc.com/2024/01/17/biden-administration-unveils-proposed-changes-to-big-banks-overdraft-fees.html?taid=65a7a5cdcc8ea90001fdecef&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter%7Cmain

DYOR

FTSE 100 definitely has the January blues after that CPI reading this morning. Back below trendline resistance, below 200-day MA, just gets gloomier and gloomier:

https://twitter.com/ChrisB_IG/status/1747558019435483300

DYOR

All is not well...

https://www.bbc.co.uk/news/live/business-67998084

DYOR

Capt'n Hollybean, this is going to Davey Jones Locker...

DYOR

As inflation climbs, China data weighs.

https://www.reuters.com/world/uk/ftse-100-extends-slide-inflation-climbs-china-data-weighs-2024-01-17/?taid=65a7a19f30e2620001dc53df&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

DYOR

Hardluck....oh dear she's out of bed again!.

Chancellor's tax rise fuels price growth

It was tobacco, rather than alcohol, that was the biggest driver of inflation in December, according to the Office for National Statistics (ONS). This is because the Chancellor raised duty on tobacco products in the Autumn Statement last November.

In total - the ONS groups alcohol and tobacco together - prices rose by 12.8%.

But tobacco was the fuel behind that increase after prices grew by 16% in the year to December.

Looking at prices on a monthly basis, tobacco increased by 1.2% between November and December, but alcohol dropped by 1.6%.

That's probably helped by the fact that in the same Autumn Statement, Jeremy Hunt froze duty on beer, wine, cider and spirits until this coming August.

DYOR

Https://www.bbc.co.uk/news/business-67993276

DYOR

Shal, tobacco and alcohol price rises have largely driven an unexpected increase ..

DYOR