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

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

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

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