Britain’s opposition Labor Party on Monday accused Prime Minister Boris Johnson of “complacency” over the Delta variant first identified in India and border policies. Shadow Health Secretary Jonathan Ashworth said ministers had ignored the warnings and had left the British borders as secure “as a sieve”.
U.S. consumer inflation expectations for the coming year are at their highest level in at least eight years, dampening a more optimistic view of the labor market and spending. The Federal Reserve Bank of New York said on Monday that households were more optimistic on the income potential and their prospects of finding a job.
Mark Steward, Director of Enforcement at the UK Financial Conduct Authority, testified before Parliament about the soaring economic crime levels during the pandemic. He said the FCA issued more than 1,200 fraudulent investment warnings in 2020, a 100% increase from the previous year.
India’s wholesale inflation rate in May hit a record 12.9% from a year earlier, raising concerns over price pressures in an economy still vulnerable after a violent wave of Covid-19. The jump was mainly due to a 38% increase in fuel costs. Wholesale price inflation was 10.5% in April.
Morgan Stanley CEO James Gorman sent a harsh message to employees in New York, saying that if they are comfortable dining out, they should feel safe at the bank’s headquarters. “If you can go to a restaurant in New York City, you can walk into the office and we want you to be in the office,” he said.
Chris Whitty, England’s chief medical officer, said on Monday that while the total number of hospital admissions in England was low, in parts of the country the numbers were start to climb. “What we are seeing is a rapid increase – particularly marked where it first started in the northwest of the country,” he said.
BioNTech / Pfizer and Oxford / AstraZeneca vaccines are over 90 percent effective in prevent hospitalizations of the Delta variant, Public Health England confirmed on Monday. The Pfizer vaccine was 96 percent effective in preventing hospitalization, while the AstraZeneca vaccine was 92 percent effective.
The strong second quarter of UK specialist recruiter SThree helped bring its six-month performance to ‘significant growth’ even from 2019. All regions and sectors strengthened in the second quarter of year, up 22% year on year, pushing net costs increased by one tenth in the first semester from 2020.