Money
Airlines not operating COVID-safe facing major fines in the UK
As parts of the world see a recovery from the pandemic and airlines resume some type of normal operation, there are new regulations on the paperwork that passengers have to carry.
For many parts of the world, it remains a requirement for all passengers, no matter which country they have traveled from, to provide proof of a negative COVID-19 test.
Within the UK, the test must be taken no more than three days before departure and to self-isolate on arrival.
With that, a passenger locator form must also be completed and passengers arriving without a completed form and negative test face fines and penalties.
But now it’s up to airlines to ensure passengers have all the correct paperwork, otherwise, they too can cop a fine, and that’s exactly what has happened over in the UK.
The Civil Aviation Authority has issued 630 fines since 11 February 2021 to airlines carrying passengers without the right documents.
These measures form part of the UK’s tough border measures.
It comes as the vaccine rollout in the UK continues to make progress with more than 42 million vaccinations delivered so far.
The UK government hasn’t revealed exactly which airlines have been penalised.
But says the figure will keep growing if carriers don’t take new requirements seriously.
The CAA has granted approval to US-based airline, JetBlue to resume operations within Britain. It becomes the first foreign operator to do so,
Money
Markets edge higher as 10-year yields hit new highs
Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.
Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.
All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.
The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.
Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.
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Money
Commodities surge as oil volatility and metals hit record highs
Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.
Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.
Global commodities are on the move, with oil prices swinging sharply as geopolitical tensions involving Iran fuel uncertainty across energy markets. Traders are closely watching supply risks and political flashpoints, driving short-term volatility.
Precious metals are stealing the spotlight, pushing to record highs as investors seek safety amid inflation concerns, interest-rate uncertainty and rising global risk. At the same time, industrial metals are surging, supported by demand expectations and tightening supply.
To unpack what this means for markets and investors, we’re joined by Kyle Rodda from Capital.com to break down the key drivers behind this powerful commodities rally.
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Money
Stocks slide and Trump cancels talks: What’s next for markets and Greenland?
U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.
U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.
U.S. stocks fell for a second day on Wednesday, with the S&P 500 dropping 0.9% and the Dow Jones losing 164 points. Investors are reassessing record-high levels as major banks report weaker-than-expected earnings.
Wells Fargo shares tumbled more than 5% after disappointing revenue results, while Bank of America is down roughly 7% week to date. Citigroup and Wells Fargo have both seen declines of about 8%, highlighting volatility in the banking sector.
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