30.11 - News Briefing

Jack Dorsey has stepped down as the CEO of Twitter and will be removed by CTO Parag Agrawal. In his second stint as CEO, Dorsey has been accused by some shareholders of having too much interest in another of his companies, Square, despite Dorsey communicating he could do both.

 

 

Nicola Sturgeon has signalled her intention to attempt to push through a another Scottish Referendum by 2023. It has been questioned why Nicola Sturgeon's focus is on another referendum when the new coronavirus strain is a cause for concern. A cynic could argue she is reacting to competitor parties gaining majority in the Scottish parliamentary elections.

 

 

Inflation is now soaring in Germany, up 6% from last November and higher than expected. Despite this putting more pressure on the ECB to increase interest rates, the other side of the argument, is that inflation is being cause by bottlenecks which will only last short term so increasing interest rates is not necessarily medium term.

 

 

A third of law firms are considering an IPO in order to fund expansion. Traditional partnerships were how most firms raised funds for expansion but since the 2007 Legal Service Act, they have been permitted to be listed.

 

 

The new COVID variant has forced masks to return in the UK. This is expected to impact hospitality and shopping, in what is generally the busiest time of the year.