China ‘plans to ban’ US IPOs for data-heavy tech firms – business live

[ad_1] Rolling coverage of the latest economic and financial news WSJ: China may ban companies with large amounts of sensitive consumer data from US floats New rules could thwart China tech firms from listing in the U.S. Markets await Jackson Hole symposium Furlough ‘cliff edge’ at Liberty Steel could put jobs at risk 9.07am BST … Read more

Wishful thinking will not close Britain’s widening inequality gap | Torsten Bell

[ad_1] Optimism helps get us through tough times, and the Covid pandemic has had plenty of those. The recent reopening of the UK economy has provided grounds for optimism, with firms hiring at a swift pace. But wishful thinking can be dangerous and, when it comes to the economic legacy of this crisis, there’s far … Read more

UK labour shortage hits consumer firms, as car production tumbles – business live | Business

[ad_1] Photograph: Andy Rain/EPA Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The UK supply chain shortage continues to grip the economy, with consumer-facing companies grow more worried about the economic outlook as they struggle to find workers… and car production slumps. Firms such … Read more

Surviving as a Black business owner isn’t easy, but there are resources to help | Gene Marks

[ad_1] If you are a Black business owner then there’s no question that the recent economic downturn has likely been especially hard for you. Just look at the numbers. A National Bureau of Economic Research study found that the number of Black-owned businesses fell by 41% during the first few months of the pandemic. A … Read more

‘They fear the factory can’t last’: Pandemic takes local fashion from boom to bust in Sydney | Australian fashion

[ad_1] When coronavirus hit international fashion manufacturing centres last year, many Australian designers pivoted to making clothes onshore. But as Sydney’s lockdown extends into the second half of 2021, garment factories are struggling to stay open and the long-term viability of manufacturing in Australia is under threat. Sydney’s inner west is usually a busy hub … Read more

Iceland boss: Christmas at risk from HGV driver shortages and supply chain crisis – business live

[ad_1] Rolling coverage of the latest economic and financial news Latest: US factory orders dip amid supply problems Greggs chicken bakes hit by supply shortages, reports say Iceland boss warns that supply chain crisis threaten Christmas Need to put HGV drivers on list of essential skilled workers Richard Walker: Self-inflicted wound after Brexit Supply chain … Read more

Cycle rental: get on your bike to beat the shops’ stock shortages | Money

[ad_1] The Covid-19 pandemic has revived cycling to levels last seen in Britain in the 1960s as people started riding to work, or followed government edicts to get some exercise – and there is no sign of 2020’s enthusiasm fizzling out. Demand for all types, from kids’ and mountain bikes to e-bikes, is up across … Read more

The party’s over: China clamps down on its tech billionaires | Chinese economy

[ad_1] In a Politburo group study session on 23 November 2015, China’s president, Xi Jinping, recommended the book Capital in the Twenty-First Century by the French economist Thomas Piketty. “The rich data he used demonstrated that … unrestrained capitalism accelerates wealth inequality … [His] conclusion is worth us pondering on.” Back then, Piketty’s work on … Read more

UK house sales slide after stamp duty holiday cut; retail stock levels shrink – business live

[ad_1] Rolling coverage of the latest economic and financial news Latest: Nasdaq hits fresh record on economic optimism UK retail stock levels at record low amid supply problems Retail prices rise, as import penetration drops UK house sales fell over 60% in July after busiest ever June Housebuyers rush to complete deals before stamp duty … Read more