Wednesday 05/07/23

In MACRO & CRYPTO NEWS, UK inflation continues to rise, we look at why rising interest rates aren't working, Sunak drops the UK's climate pledge, the UAE aims to triple renewables and Binance has a tricky time in Europe. In TECH NEWS, the US looks at more China restrictions - this time for cloud computing - as the chip sector panics about China's export curbs, India is pushing back on labour law changes and Meta's Facebook faces a setback regarding personal data usage. In CONSUMER, RETAIL & LEISURE-RELATED NEWS, the average rate on a five-year fixed breaches 6%, Sainsbury's says food price inflation is slowing, Naked Wines delays, Accor looks decent, Center Parcs loses a bidder and airlines continue to soar. In MISCELLANEOUS NEWS, Toyota makes a massive breakthrough in solid-state and equity fund withdrawals hit record highs. AND FINALLY, I bring you something you never knew about SPAM...

 


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