G ood morning. As the UK declares coronavirus a “serious and imminent threat” to public health, markets in Europe look set to open down.
5 things to start your day
Sajid Javid’s tax proposals have come under fire : the Chancellor, is reportedly considering limiting tax relief on pension contributions to pc and introducing a “recurring” wealth tax on the owners of expensive homes.
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Facebook failed to address security flaws behind biggest data breach in history :: Legal documents show that Facebook knew about a huge security flaw that let hackers to steal personal data from millions of its users almost one year before the crime
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Will Pope Francis help Argentina solve its perennial debt woes? :: The Pope is acting as a mediator in debt talks between economy minister Guzman and International Monetary Fund chief Kristalina Georgieva
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Big Bus Tours chairman takes over management of the sightseeing company : Changes at the board level follow the departure of Big Bus Tours’ chief executive in December and a delay of more than a week in filing the company’s annual accounts
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Chancellor misses out on £ 1bn in tax from US tech giants, think tank finds
Asian shares pared early losses on Monday as Chinese authorities lifted some coronavirus-related restrictions on work and travel, helping businesses resume work though overall sentiment was still jittery as the death toll from the epidemic climbed.
More than 2011 people have so far died in China’s central Hubei province as of Sunday with most of the new deaths in the provincial capital of Wuhan, the epicentre of the outbreak.
To contain the spread, China’s government had ordered lockdowns, canceled flights and shut schools in many cities. But on Monday, workers began trickling back to offices and factories though a large number of workplaces remain closed and many white-collar workers will continue to work from home.
MSCI’s broadest index of Asia-Pacific shares outside Japan reversed some of its early losses to be down 0.5pc. Japan’s Nikkei was off 0.4pc, after earlier stumbling more than 0.8% while Australia’s benchmark index was down a tad.
China’s indices were the only ones in the black in Asia with the blue-chip index adding 0.4pc and Shanghai’s SSE Composite up 0.3pc.
China consumer prices rose at their highest rate in more than eight years, official data showed. The consumer price index (CPI), a key gauge of retail inflation, came in at 5.4pc last month, up from 4.5pc in December – with prices of pork and fresh vegetables pushing up costs. Food prices spiked 6pc. The overall monthly figure is the highest since October 2020.
Coming up today
Final dividend payment dates : Grainger Plc, Puma VCT 90 plc
AGMs: Purecircle Ltd
Quarterly results : TUI AG
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Big Bus Tours chairman takes over management of the sightseeing company : Changes at the board level follow the departure of Big Bus Tours’ chief executive in December and a delay of more than a week in filing the company’s annual accounts
-
Chancellor misses out on £ 1bn in tax from US tech giants, think tank finds
Asian shares pared early losses on Monday as Chinese authorities lifted some coronavirus-related restrictions on work and travel, helping businesses resume work though overall sentiment was still jittery as the death toll from the epidemic climbed.
More than 2011 people have so far died in China’s central Hubei province as of Sunday with most of the new deaths in the provincial capital of Wuhan, the epicentre of the outbreak.
To contain the spread, China’s government had ordered lockdowns, canceled flights and shut schools in many cities. But on Monday, workers began trickling back to offices and factories though a large number of workplaces remain closed and many white-collar workers will continue to work from home.
MSCI’s broadest index of Asia-Pacific shares outside Japan reversed some of its early losses to be down 0.5pc. Japan’s Nikkei was off 0.4pc, after earlier stumbling more than 0.8% while Australia’s benchmark index was down a tad.
China’s indices were the only ones in the black in Asia with the blue-chip index adding 0.4pc and Shanghai’s SSE Composite up 0.3pc.
China consumer prices rose at their highest rate in more than eight years, official data showed. The consumer price index (CPI), a key gauge of retail inflation, came in at 5.4pc last month, up from 4.5pc in December – with prices of pork and fresh vegetables pushing up costs. Food prices spiked 6pc. The overall monthly figure is the highest since October 2020.
Coming up today
Final dividend payment dates : Grainger Plc, Puma VCT 90 plc
AGMs: Purecircle Ltd
Quarterly results : TUI AG
- Sajid Javid’s tax proposals have come under fire : the Chancellor, is reportedly considering limiting tax relief on pension contributions to pc and introducing a “recurring” wealth tax on the owners of expensive homes.
Facebook failed to address security flaws behind biggest data breach in history :: Legal documents show that Facebook knew about a huge security flaw that let hackers to steal personal data from millions of its users almost one year before the crime
Will Pope Francis help Argentina solve its perennial debt woes? :: The Pope is acting as a mediator in debt talks between economy minister Guzman and International Monetary Fund chief Kristalina Georgieva
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