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Budget 2021:

Targeted tax rises won't derail COVID recovery, chancellor told

Corporation tax, capital gains tax, wealth tax, and land value tax rises would make a 'negligible impact' on GDP growth

UK economy shrank by record 10% in 2020

Yahoo Finance's Latoya Harding has the latest from London.

Latest stories

  • Vehicle-carrier ship hit by explosion in Gulf of Oman

    A Bahamas-flagged ship, the MV HELIOS RAY, was hit by an explosion in the Gulf of Oman on Thursday, the United Kingdom Maritime Trade Operations (UKMTO) and a maritime security firm said on Friday. Maritime security firm Dryad Global said the MV HELIOS RAY was a vehicle carrier owned by Helios Ray Ltd, an Israeli firm registered in the Isle of Man. The ship was en route to Singapore from Dammam in Saudi Arabia. Israel's Transportation Ministry said it was not aware of the incident.

  • Global Radiosurgery and Radiotherapy Robotics (X-ray-Based & Gamma-ray-Based) Market 2021-2025 - ResearchAndMarkets.com

    The "Global Radiosurgery and Radiotherapy Robotics Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

  • Rethink Education to Invest $5mm in Seed Stage, Underrepresented Founders Improving Learning Outcomes and Economic Mobility

    Rethink Education has earmarked $5mm to invest in underrepresented founders of color helping solve challenges from education to workforce development.

  • Most Brits in favour of stamp duty holiday extension

    The stamp duty holiday, which is due to come to an end of March could be extended for another three months to 30 June this year.

  • Global Cogeneration Equipment Market 2021-2025 - New Product Launches, Increasing Number of Government Initiatives, and New Contracts - ResearchAndMarkets.com

    The "Global Cogeneration Equipment Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

  • Analysis: After Brazil ructions, a rethink for investors in emerging market state firms

    Brazil's shake up of state-run oil firm Petrobras has caused shockwaves at home but may also prompt some bond investors to rethink their $1 trillion-plus exposure to other government-controlled companies across emerging markets. From China's Exim Bank to Mexican oil giant Pemex or South African utility Eskom, companies wholly or partly government owned make up half of the $2.4 trillion market in emerging market corporate debt.

  • 'He is George again': North refinds try-scoring touch before 100th Wales cap

    'He is George again': North refinds try-scoring touch before 100th Wales cap. The 28-year-old is back at his best and will become the youngest player to reach a century of international caps when he lines up for Saturday’s Six Nations tie against England

  • Prince Harry on Video Calls with Granny Queen Elizabeth and Prince Philip: They 'Do Zoom'

    "They've seen Archie running around," Prince Harry said of doing video calls with his grandparents

  • EXPLAINER: US airstrike in Syria sends message to Iran

    A U.S. airstrike targeting facilities used by Iran-backed militias in Syria appears to be a message to Tehran delivered by a new American administration still figuring out its approach to the Middle East. The strike was seemingly a response to stepped-up rocket attacks by such militias that have targeted U.S. interests in Iraq, where the armed groups are based. It comes even as Washington and Tehran consider a return to the 2015 accord meant to rein in Iran’s nuclear program.

  • ACMs 2021: Maren Morris, Chris Stapleton and Miranda Lambert Lead History-Making Nominations

    The 56th ACM Awards are set to air live from the Grand Ole Opry, The Ryman and Bluebird Cafe on Sunday April 5 at 8 p.m. on CBS

  • Golden Donald Trump Statue At CPAC Has Twitter Warning Idol Worshippers

    "Seriously, did these folks not read the Old Testament?"

  • Freddie Prinze Jr. Says He Was ‘Kinda Done Acting’ Before  Punky Brewster  Reboot: 'It Just Worked'

    "I was a full-time father and nothing got filmed in L.A. anymore so I didn’t want to leave for six months a year," the actor explained

  • India's NSE defends communication over exchange shutdown

    India's National Stock Exchange (NSE) on Friday defended its communication over the reopening of the bourse after an unexpected shutdown this week. Traders and brokers had criticised the NSE over the lack of information after the four-hour shutdown on Wednesday, saying it had hurt investors. The NSE had announced that the exchange had shut at 11:40 a.m. local time because of a telecoms problem.

  • AstraZeneca-Amgen drug could widen treatment options for severe asthma

    AstraZeneca and Amgen's experimental drug reduced asthma attacks in patients with severe and uncontrolled forms of the respiratory condition in a large study, showing promise for wider use against different triggers. The medicine, tezepelumab, cut the rate of asthma attacks by 56% among patients when compared to placebo in a year-long late-stage study, which had roughly 1,000 patients who were already receiving standard care, the drugmakers said on Friday. It also worked in a subgroup of volunteers with low levels of eosinophils, a type of white blood cell, detailed data presented at a virtual meeting of the American Academy of Allergy Asthma and Immunology showed.

  • Malaysia's Ambank to pay government $700 million in 1MDB-linked settlement

    Malaysian banking group AMMB Holdings Berhad (AmBank) will pay 2.83 billion ringgit ($699 million) to the government to settle claims related to a multi-billion-dollar financial scandal at state fund 1MDB, the finance ministry said on Friday. An AmBank spokesman had no immediate comment. AmBank Group has been under scrutiny over its role in the alleged theft of $4.5 billion from 1Malaysia Development Berhad, a state fund former prime minister Najib Razak set up in 2009.

  • $971.1 Million Worldwide Furfural Industry to 2027 - Impact of COVID-19 on the Market

    Dublin, Feb. 26, 2021 (GLOBE NEWSWIRE) -- The "Furfural - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 6th edition of this report. The 284-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Global Furfural Market to Reach $1.9 Billion by 2027Amid the COVID-19 crisis, the global market for Furfural estimated at US$971.1 Million in the year 2020, is projectedto reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 10.2% over the analysis period 2020-2027. Furfural Alcohol, one of the segments analyzed in the report, is projected to record a 10.5% CAGR and reach US$1.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solvents segment is readjusted to a revised 9.4% CAGR for the next 7-year period.The U.S. Market is Estimated at $262.4 Million, While China is Forecast to Grow at 13.5% CAGRThe Furfural market in the U.S. is estimated at US$262.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$410 Million by the year 2027 trailing a CAGR of 13.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 8.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.Other Applications Segment to Record 8% CAGRIn the global Other Applications segment, USA, Canada, Japan, China and Europe will drive the 7.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$78.8 Million in the year 2020 will reach a projected size of US$130.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$276.4 Million by the year 2027, while Latin America will expand at a 9.4% CAGR through the analysis period. Competitors identified in this market include, among others: Furnova Polymers Ltd.HarborchemLenzing AGLinzi Organic Chemical Inc. Ltd.Silvateam SpATanin Sevnica d. d.TransFurans Chemicals bvbaZhucheng Taisheng Chemical Co., Ltd.Zibo Huaao Chemical Co., Ltd. Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEW Global Competitor Market SharesFurfural Competitor Market Share Scenario Worldwide (in %): 2019 & 2025Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSISIV. COMPETITION Total Companies Profiled: 41 For more information about this report visit https://www.researchandmarkets.com/r/2vfl3g CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

  • Boston Identity Security Expert Comments on Celtics Coach Steven’s Identity Theft

    Intelligent identity security firm, Sontiq, responds to Boston Celtics Coach Brad Stevens’ recent identity theft incident.

  • Golden Globes 2021: who will win and who should win the film awards?

    Golden Globes 2021: who will win and who should win the film awards?Will Nomadland or Promising Young Woman scoop best drama? And will Viola Davis best Vanessa Kirby to best actress? Peter Bradshaw offers his predictions and preferences On the road to glory? … Frances McDormand in Nomadland. Photograph: AP

  • Cathie Wood’s Main ETF Fluctuates After $4.9 Billion Asset Drop

    (Bloomberg) -- Ark Investment Management’s miserable week showed signs of easing on Friday, as its flagship exchange-traded fund battled to avoid a fifth day of declines.The ARK Innovation ETF (ticker ARKK) fluctuated as of 9:04 a.m. in New York, after erasing earlier losses. The fund slid 15% this week through Thursday, amid a tech selloff triggered by rising bond yields, which put pressure on pricier stocks.The last time Ark founder Cathie Wood suffered a run this bad was almost a year ago, during the worst of the Covid-fueled mayhem. Her main fund is now 11 times larger than it was then. It got close to erasing its gains for 2021 this week after soaring as much as 26% since the end of December.Assets in the ETF have slumped by $4.9 billion this week to $23.3 billion, according to data compiled by Bloomberg. The figure doesn’t include flows from Thursday, when ARKK dropped 6.4% for its worst day in almost six months.Investors pulled about $200 million from the fund in Wednesday trading. That brings total weekly outflows to $638 million, on pace to be the worst on record.“Money that is ‘easy come’ tends to be money that is ‘easy go’,” said Ben Johnson, Morningstar’s global director of ETF research. “You’re going to see similar, if not potentially greater, market impact on the way down, especially given that this is an actively managed ETF and a fully transparent one. The market is hanging on their every move, they’re watching their every move.”Bearish bets against the ETF continue to grow, with short interest now accounting for more than 4% of available shares, according to data from IHS Markit Ltd.Michael Purves, chief executive officer at Tallbacken Capital Advisors, said in a note Thursday that his firm is taking profits on ARKK puts, but “will look to re-enter a second bearish trade on a bounce.”Ark Investment slipped to the eighth place among the largest exchange-traded fund issuers in the $5.9 trillion industry, after becoming the seventh biggest earlier this month. Total ETF assets for the company are now just shy of $53 billion, down from more than $60 billion at the prior peak.Wood’s $10.6 billion ARK Genomic Revolution ETF (ARKG) is now flat for the year and lost another $154 million on Wednesday for its third straight day of outflows. At the same time, traders pulled another $48 million from ARK Next Generation Internet ETF (ARKW).For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • People aged 40-49 next in line for Covid-19 vaccines as rollout continues by age

    Groups such as teachers and police officers will not be prioritised for vaccination.