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

[ad_1] China Securities Regulatory Commission officials said that companies with less sensitive data, such as those in the pharmaceutical industry, are still likely to receive Chinese regulatory approval for foreign listings, according to the people. The new rules are likely to help Beijing exert more control over the complex corporate structure that China’s biggest tech … 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

US central bank chief expected to take wait-and-see approach to economy | US economy

[ad_1] The resort of Jackson Hole in the Grand Tetons will be the focus of intense financial market interest on Friday as the head of the US central bank, Jerome Powell, gives his update on the health of the world’s biggest economy. Expectations that Powell will provide a timetable for the scaling back of the … Read more

Iceland and Tesco warn of Christmas shortages from HGV driver crisis – business live | Business

[ad_1] “We are very short of drivers, it’s a combination of many EU drivers having decided to go home and also the ageing age-profile. “I think certainly Brexit has been a contributor to that but also improving economies, higher wages in some of the countries that they’ve come from historically, have also led to that … Read more

US community colleges see ‘chilling’ decline in enrollment during pandemic | US universities

[ad_1] David Ramirez, a student at Pasadena City College in Pasadena, California, struggled with balancing work and classes during the pandemic. Ramirez, who works at Starbucks, worked at least 30 hours a week in addition to his classes. He wasn’t alone. The number of students enrolled in community colleges – local educational establishments that offer … Read more

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

[ad_1] A bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange today Photograph: Vincent Yu/AP Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Global markets are in an upbeat mood this week, as investors shake off last week’s jitters … Read more