Stock Markets Fall Around The
World On New Covid Variant News
Stock markets fell
sharply across the world after the discovery of a new Covid variant which threatens
the economic recovery as more restrictions are introduced.
London’s the FTSE
100 share index dropped by nearly 3%, while markets in Germany and France also
declined following falls in Asia.
40 Year Fixed Rate
Mortgage Launched
Kensington Mortgages
launched a mortgage product with a rate that can be fixed for up to 40 years.
First-time-buyers in
major UK cities like London may be forced to borrow more than 5 times the
average salary to get on the housing ladder, as the affordability ratio soars.
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Food Prices Will
Rise
A global shortage of
fertilisers is driving up food prices and leaving poorer countries facing
crisis, says the boss of a major fertiliser firm, the BBC reports.
UK Car Industry
Suffers Worst October In 65 Years
UK car production
dropped by more than 40% last month to the lowest level recorded for October
since 1956.
Net Migration To
The UK Falls By 88% As Asylum Claims Reach 20-Year High
The UK recorded a major
fall in net migration last year as figures show a huge reduction in the
number of people arriving due to the Covid-19 pandemic and Brexit.
Net migration in the
UK was 34,000 in 2020, compared with 217,000 the year before, analysis
showed. The number of immigrants coming to the country more than halved to an
estimated 268,000 in 2020, compared with 592,000 people the previous year.
27 migrants die
in Channel as boat overturns off the coast of France
The migrant crisis
continues as thousands of people enter the UK illegally despite this week’s
tragedy. Asylum applications to the UK have reached their highest level since
2004, according to official estimates.
India to Ban
Cryptocurrencies
As a number of major
economies plan to launch digital currencies, India is set to follow China in
banning Cryptocurrencies.
The ban will relate
to all private cryptocurrencies with certain exceptions to allow the promotion
of the underlying technology and its uses. Cryptocurrency prices dropped on
Indian exchanges after the decision on the bill's future was announced.
According to a government bulletin, the
ban is part of the proposed Cryptocurrency and Regulation of Official Digital
Currency Bill that will be introduced in its winter session.
The planned
legislation aims "to create a facilitative framework for the creation of
the official digital currency to be issued by the Reserve Bank of India
(RBI)".
See also:
Interest
Rates Held At 0.1% But Will Rise Soon
9
Habits To Develop Extreme Productivity
Buy-to-Let
Property Demand Down 60% Says London Estate Agent As Chinese Buyers Dry Up - https://youtu.be/4RLroedmkX4
What
Can You Invest In That's Guaranteed To Go Up In Price In 12 Months? The Answer
Will Shock You! - https://youtu.be/_ccb_gTVDkQ
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