@media screen and (min-width: 1201px) { .byhbk61712a04bf827 { display: none; } } @media screen and (min-width: 993px) and (max-width: 1200px) { .byhbk61712a04bf827 { display: none; } } @media screen and (min-width: 769px) and (max-width: 992px) { .byhbk61712a04bf827 { display: block; } } @media screen and (min-width: 768px) and (max-width: 768px) { .byhbk61712a04bf827 { display: block; } } @media screen and (max-width: 767px) { .byhbk61712a04bf827 { display: block; } } Barclays has warned it may move to accelerate its transformation programme in the UK before the year’s end while reporting record group profits for the first nine months of 2021. It revealed that “structural cost actions” were on the way in its branch-based UK arm as the sector continues to shrink high street sites in favour of shifting customers towards online banking – a trend aided by the COVID-19 pandemic. The move follows a new round of branch closures at rival Lloyds just this week. Barclays made the announcement while reporting year-to-date pre-tax profits of £6.9bn – its best ever performance for a nine-month period. It included a £2bn haul for the three months to 30 September – nearly double the £1.1bn seen a year ago – and £400m higher than financial analysts were expecting. The performance during 2020 has been driven by activity at its investment banking arm which, like its US rivals, has reaped bumper fees from a surge in advisory mandates and equities trading. Profits in the division were 49% up at £4.8bn over the nine months, Barclays said. .yoxmp61712a04bff63 { .center { display: block; margin-left: auto; margin-right: auto; width: 100%; } } @media screen and (min-width: 1201px) { .yoxmp61712a04bff63 { display: block; .center { display: block; margin-left: auto; margin-right: auto; width: 100%; } } } @media screen and (min-width: 993px) and (max-width: 1200px) { .yoxmp61712a04bff63 { display: block; .center { display: block; margin-left: auto; margin-right: auto; width: 100%; } } } @media screen and (min-width: 769px) and (max-width: 992px) { .yoxmp61712a04bff63 { display: block; .center { display: block; margin-left: auto; margin-right: auto; width: 100%; } } } @media screen and (min-width: 768px) and (max-width: 768px) { .yoxmp61712a04bff63 { display: block; .center { display: block; margin-left: auto; margin-right: auto; width: 100%; } } } @media screen and (max-width: 767px) { .yoxmp61712a04bff63 { display: block; .center { display: block; margin-left: auto; margin-right: auto; width: 100%; } } } The group’s bottom line was also boosted by £622m of cash – set aside last year to handle pandemic-related bad loans – which it had released in the year to date despite continuing pressures in the domestic and wider global economy. Barclays chief executive Jes Staley said: “While the CIB (investment bank) performance continues to be an area of strength for the group, we are also seeing evidence of a consumer recovery and the early signs of a more favourable rate environment.” The bank upgraded its economic forecasts for the UK and said it expected the country’s GDP to hit pre-pandemic levels by early 2022. But it warned that significant uncertainty remained on the path ahead and shares were trading slightly lower in early deals. Zoe Gillespie, investment manager at Brewin Dolphin, said: The bank still looks one of the best positioned among its peers, with exposure to markets beyond the UK and an offering that covers retail banking, business lending, credit cards, and investment banking. “A progressive dividend and appropriate levels of share buybacks could continue to drive enthusiasm for its shares, which are comfortably up on where they started the year.” .fufhp61712a04bf0be { center; margin: 5px; padding: 0px; } @media screen and (min-width: 1201px) { .fufhp61712a04bf0be { display: block; } } @media screen and (min-width: 993px) and (max-width: 1200px) { .fufhp61712a04bf0be { display: block; } } @media screen and (min-width: 769px) and (max-width: 992px) { .fufhp61712a04bf0be { display: none; } } @media screen and (min-width: 768px) and (max-width: 768px) { .fufhp61712a04bf0be { display: none; } } @media screen and (max-width: 767px) { .fufhp61712a04bf0be { display: none; } } @media screen and (min-width: 1201px) { .kgzcc61712a04c06f3 { display: block; } } @media screen and (min-width: 993px) and (max-width: 1200px) { .kgzcc61712a04c06f3 { display: block; } } @media screen and (min-width: 769px) and (max-width: 992px) { .kgzcc61712a04c06f3 { display: block; } } @media screen and (min-width: 768px) and (max-width: 768px) { .kgzcc61712a04c06f3 { display: block; } } @media screen and (max-width: 767px) { .kgzcc61712a04c06f3 { display: block; } }

ORLANDO, Fla. (Reuters) - "Inflation expectations" are probably two of the most important and scrutinized words in financial market and central bank circles, playing,...

The International Air Transport Association (IATA) announced that the recovery in air travel decelerated in August compared to July, as government actions in response to concerns over the COVID-19 Delta variant cut deeply into domestic travel demand. Because comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted all comparisons are to July 2019, which followed a normal demand pattern. Total demand for air travel in August 2021 (measured in revenue passenger kilometers or RPKs) was down 56.0 percent compared to August 2019. This marked a slowdown from July, when demand was 53.0 percent below July 2019 levels. This was entirely driven by domestic markets, which were down 32.2 percent compared to August 2019, a major deterioration from July 2021, when traffic was down 16.1 percent versus two years ago. The worst impact was in China, while India and Russia were the only large markets to show a month-to-month improvement compared to July 2021. International passenger demand in August was 68.8 percent below August 2019, which was an improvement compared to the 73.1 percent decline recorded in July. All regions showed improvement, which was attributable to growing vaccination rates and less stringent international travel restrictions in some regions. Read also: CAMA, Access bank launch End Malaria Project in Lagos, Ebonyi, Kaduna “August results reflect the impact of concerns over the Delta variant on domestic travel, even as international travel continued at a snail’s pace toward a full recovery that cannot happen until governments restore the freedom to travel. In that regard, the recent US announcement to lift travel restrictions from early November on fully vaccinated travellers is very good news and will bring certainty to a key market. But challenges remain, September bookings indicate a deterioration in international recovery. That’s bad news heading into the traditionally slower fourth quarter,” Willie Walsh, IATA’s Director General said. African airlines’ traffic fell 58.5 percent in August versus two years’ ago, somewhat improving over the 60.4 percent decline in July compared to July 2019. August capacity was down 50.1 percent and load factor declined 12.7 percent to 63.0 percent. European carriers’ August international traffic declined 55.9 percent versus August 2019, significantly bettering the 63.2 percent decrease in July compared to the same month in 2019. Capacity dropped 45.0 percent and load factor fell 17.7 percentage points to 71.5 percent. Asia-Pacific airlines saw their August international traffic fall 93.4 percent compared to August 2019, barely improving over the 94.5 percent drop registered in July 2021 versus July 2019 as the region continues to have the strictest border control measures. Capacity dropped 85.7 percent and the load factor was down 44.9 percentage points to 37.9 percent, by far the lowest among regions. Middle Eastern airlines had a 69.3 percent demand drop in August compared to August 2019, improved upon the 73.6 percent decrease in July, versus the same month in 2019. Capacity declined 55.0 percent, and load factor deteriorated 26.2 percentage points to 56.2 percent. North American carriers experienced a 59.0 percent traffic drop in August versus the 2019 period, much improved on the 61.7 percent decline in July compared to July 2019. Capacity sank 48.5 percent, and load factor dipped 18.0 percentage points to 70.3 percent.

Asians around the world speak out on workplace discrimination By Michelle Toh, Moss Cohen and Lauren Cook, CNN Business Published June 7, 2021 It’s not just in the streets, and it’s not just in the United States. In Australia, 66.4% of Asian Australian respondents to a survey last October reported experiencing workplace discrimination, which represented an increase of almost 15% in six months. The pandemic worsened dramatically in the country during that time, with coronavirus cases surging from 4,862 to 27,109 between last April and October, according to a tracker from Johns Hopkins University. Asian Australians also suffered a disproportionate drop in working hours last spring, which “was more than twice the drop” for the rest of the population, according to researchers at the Australian National University, which conducted the study. They noted that there was “a range of possible explanations” for the disparity, including “that discrimination against Asian Australians in the workplace may have had an effect.” In the United Kingdom, the employment rate among Chinese people dropped 4.6% from the first quarter of 2020 to the second — nearly three times more than declines experienced by other ethnic groups, according to government data. "It is likely that the high representation of Chinese and East Asian people in hard-hit sectors like hospitality is part of it, but direct discrimination by employers may play a role too,” Frances O’Grady, general secretary of the Trades Union Congress, a British coalition of labor unions, told CNN Business. The coronavirus outbreak was first detected in China last year, leading some politicians to blame the country for the crisis. Victims and community groups say that has emboldened more people to show hostility to those perceived to be of Asian — and especially Chinese — descent. CNN Business spoke with 38 workers in 11 countries who reported experiencing or witnessing bias in a range of ways since the start of the pandemic, from explicit harassment to subtle microaggressions. They are of various Asian ethnicities, including Chinese, Japanese, Korean, Vietnamese and Filipino. Here are 11 of their stories. CNN Business spoke to dozens of people around the world.Read, watch or listen to some of their experiences of racial discrimination in the workplace.

The findings, published in the New England Journal of Medicine, will likely provide further reassurance the shot is effective against the variant among younger...

The International Air Transport Association (IATA) announced that the recovery in air travel decelerated in August compared to July, as government actions in response to concerns over the COVID-19 Delta variant cut deeply into domestic travel demand. Because comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted all comparisons are to July 2019, which followed a normal demand pattern. Total demand for air travel in August 2021 (measured in revenue passenger kilometers or RPKs) was down 56.0 percent compared to August 2019. This marked a slowdown from July, when demand was 53.0 percent below July 2019 levels. This was entirely driven by domestic markets, which were down 32.2 percent compared to August 2019, a major deterioration from July 2021, when traffic was down 16.1 percent versus two years ago. The worst impact was in China, while India and Russia were the only large markets to show a month-to-month improvement compared to July 2021. International passenger demand in August was 68.8 percent below August 2019, which was an improvement compared to the 73.1 percent decline recorded in July. All regions showed improvement, which was attributable to growing vaccination rates and less stringent international travel restrictions in some regions. Read also: CAMA, Access bank launch End Malaria Project in Lagos, Ebonyi, Kaduna “August results reflect the impact of concerns over the Delta variant on domestic travel, even as international travel continued at a snail’s pace toward a full recovery that cannot happen until governments restore the freedom to travel. In that regard, the recent US announcement to lift travel restrictions from early November on fully vaccinated travellers is very good news and will bring certainty to a key market. But challenges remain, September bookings indicate a deterioration in international recovery. That’s bad news heading into the traditionally slower fourth quarter,” Willie Walsh, IATA’s Director General said. African airlines’ traffic fell 58.5 percent in August versus two years’ ago, somewhat improving over the 60.4 percent decline in July compared to July 2019. August capacity was down 50.1 percent and load factor declined 12.7 percent to 63.0 percent. European carriers’ August international traffic declined 55.9 percent versus August 2019, significantly bettering the 63.2 percent decrease in July compared to the same month in 2019. Capacity dropped 45.0 percent and load factor fell 17.7 percentage points to 71.5 percent. Asia-Pacific airlines saw their August international traffic fall 93.4 percent compared to August 2019, barely improving over the 94.5 percent drop registered in July 2021 versus July 2019 as the region continues to have the strictest border control measures. Capacity dropped 85.7 percent and the load factor was down 44.9 percentage points to 37.9 percent, by far the lowest among regions. Middle Eastern airlines had a 69.3 percent demand drop in August compared to August 2019, improved upon the 73.6 percent decrease in July, versus the same month in 2019. Capacity declined 55.0 percent, and load factor deteriorated 26.2 percentage points to 56.2 percent. North American carriers experienced a 59.0 percent traffic drop in August versus the 2019 period, much improved on the 61.7 percent decline in July compared to July 2019. Capacity sank 48.5 percent, and load factor dipped 18.0 percentage points to 70.3 percent.

@media screen and (min-width: 1201px) { .mrxty6171248f56e24 { display: none; } } @media screen and (min-width: 993px) and (max-width: 1200px) { .mrxty6171248f56e24 { display: none; } } @media screen and (min-width: 769px) and (max-width: 992px) { .mrxty6171248f56e24 { display: block; } } @media screen and (min-width: 768px) and (max-width: 768px) { .mrxty6171248f56e24 { display: block; } } @media screen and (max-width: 767px) { .mrxty6171248f56e24 { display: block; } } Five of the UK’s leading manufacturing industries have issued a plea for more government financial support to boost capital investment in research and development as well as new factories and equipment with lower carbon emissions. Carmakers, aerospace, chemicals, pharmaceuticals and food and drinks manufacturers banded together on Wednesday to call for a long-term strategy for industry as the chancellor, Rishi Sunak, prepares for the budget next week. Cutting industrial carbon output will be crucial to meeting the government’s legally mandated target of net zero emissions by 2050, and the manufacturers argue that they need government incentives to spend on decarbonisation. The lobby groups said UK manufacturers needed help with energy costs, which can be as much as 80% higher than in some European countries. The UK is in the midst of an energy supply crisis, with high prices hitting manufacturers’ ability to make up for earnings lost during the pandemic. Kevin Craven, the chief executive of ADS, the aerospace and defence group, said: “Manufacturing is essential to achieving net zero, ensuring our national economic resilience and providing rewarding careers.” The UK economy is dominated by the services sector, and manufacturing accounts for only about 8% of value added to the economy – half its level in 1990. However, the manufacturing sector argues that it punches above its weight in terms of exports and high-wage employment. The sector employs 800,000 people, with an annual turnover of £338.2bn and £166bn in exports, according to figures in a report from the Association of the British Pharmaceutical Industry, ADS, the Chemical Industries Association, the Food and Drink Federation and the Society of Motor Manufacturers and Traders. .cnvcw6171248f5738a { .center { display: block; margin-left: auto; margin-right: auto; width: 100%; } } @media screen and (min-width: 1201px) { .cnvcw6171248f5738a { display: block; .center { display: block; margin-left: auto; margin-right: auto; width: 100%; } } } @media screen and (min-width: 993px) and (max-width: 1200px) { .cnvcw6171248f5738a { display: block; .center { display: block; margin-left: auto; margin-right: auto; width: 100%; } } } @media screen and (min-width: 769px) and (max-width: 992px) { .cnvcw6171248f5738a { display: block; .center { display: block; margin-left: auto; margin-right: auto; width: 100%; } } } @media screen and (min-width: 768px) and (max-width: 768px) { .cnvcw6171248f5738a { display: block; .center { display: block; margin-left: auto; margin-right: auto; width: 100%; } } } @media screen and (max-width: 767px) { .cnvcw6171248f5738a { display: block; .center { display: block; margin-left: auto; margin-right: auto; width: 100%; } } } Factories often provide a source of well-paid work in regions away from London, a key concern of Boris Johnson’s professed aim to “level up” poorer parts of the country. The groups said a long-term capital grant facility worth 10% and 15% of the value of investments would help to attract significant new projects to the UK. Many large investments by multinationals already receive large government grants, but these are generally negotiated individually. The report also argues that the government needs to modernise the system of tax credits for research and development (R&D). One key issue for manufacturers is that capital spending on things such as labs and buildings is not eligible for R&D tax relief. Sunak acknowledged the problem in March when he gave a temporary “super-deduction” for investment in plant and machinery, but that is due to last only two years. The manufacturers’ analysis suggests that the tax cut would start to raise revenue within seven years because of the incentive to expand facilities and output. That move alone would create 12,000 jobs, they argue. The manufacturers hope to capitalise on goodwill built up by the sector during the pandemic as factories quickly switched to making sanitiser, ventilators and, crucially, vaccines. Steve Elliott, the chief executive of the Chemical Industries Association, said: “Manufacturing is essential to innovation, economic health, national resilience and security, as Covid-19 has clearly illustrated. It transforms laboratory research into new products and services, can generate finance for reinvestment and makes the world a better and safer place.” .ptsbq6171248f56778 { center; margin: 5px; padding: 0px; } @media screen and (min-width: 1201px) { .ptsbq6171248f56778 { display: block; } } @media screen and (min-width: 993px) and (max-width: 1200px) { .ptsbq6171248f56778 { display: block; } } @media screen and (min-width: 769px) and (max-width: 992px) { .ptsbq6171248f56778 { display: none; } } @media screen and (min-width: 768px) and (max-width: 768px) { .ptsbq6171248f56778 { display: none; } } @media screen and (max-width: 767px) { .ptsbq6171248f56778 { display: none; } } @media screen and (min-width: 1201px) { .aqlhb6171248f578b6 { display: block; } } @media screen and (min-width: 993px) and (max-width: 1200px) { .aqlhb6171248f578b6 { display: block; } } @media screen and (min-width: 769px) and (max-width: 992px) { .aqlhb6171248f578b6 { display: block; } } @media screen and (min-width: 768px) and (max-width: 768px) { .aqlhb6171248f578b6 { display: block; } } @media screen and (max-width: 767px) { .aqlhb6171248f578b6 { display: block; } }

Markets are in a somber mood on Thursday. There is little let up on the Chinese property sector front with investors wondering how much...

SYDNEY — A potential Australian IPO for the lotteries unit of Scientific Games Corp has been cut by two fifths to about $3 billion, according to a document and two people familiar with the matter. The Las Vegas-based slot machine maker had earlier been seeking to raise up to $5 billion for the predominantly North […]

DeFi Connect, an innovative crypto ecosystem, announced its imminent listing on centralized exchange BitMart starting Thursday, October 21. Trading will start on Friday, October 22.