Economic News
Richard Branson makes fortune from Reddit traders
Richard Branson added $1. 8bn to his personal wealth in under a month after shares in Virgin Galactic were targeted by traders on Reddit, triggering a surge in their value.
Lockdown measures cause Eurozone GDP to falter
Activity in the Eurozone economy eased in the last three months of 2020, official data showed on Tuesday, after countries introduced fresh lockdown measures.
UK gambling firms told to slow down slot machines in new crackdown
UK gambling firms have been told to slow down spin speeds on online games as part of a package of strict safety measures by the Gambling Commission.
US tariffs on Scotch whisky cost £500m in lost exports, says industry
Sales of Scotch whisky to the US have fallen over a third in what amounts to £500m lost in exports since tariffs were imposed by Washington, the industry's representative body said on Tuesday.
NIreland suspends Brexit checks over threats to port staff
Brexit checks on animal and food products coming into Belfast and Larne ports have been suspended over fears for the safety of staff working there, according to Northern Ireland’s agriculture ministry.
City watchdog calls for regulation of buy now, pay later lenders
Buy now pay later lenders are to come under increased regulatory scrutiny following a review of the sector, it was confirmed on Tuesday.
Grocery sales boom as lockdown measures shutter pubs and restaurants
Grocery spending spiked in the last three months, boosted by Christmas and the re-introduction of lockdown measures, industry data showed on Tuesday.
House prices ease as end of stamp duty holiday nears
UK house price growth has started to slow ahead of the stamp duty holiday coming to an end, industry research showed on Tuesday.