A senior Federal Reserve official said the US economy was not yet ready for the central bank to start pulling back its hefty monetary support, even though the outlook had become rosier. John Williams, president of the New York Fed, made the comments amid high sensitivity in financial markets to Fed policy.
Turkey will end on July 1 a one-day-a-week lockdown and nightly curfews imposed to curb a surge in coronavirus infections as the government ramps up jabs to 1.5m a day and infection rates slow dramatically. Turkey has now administered nearly 43m doses of vaccines and is the world’s top vaccinator by population.
The England national football team said two of its players — Ben Chilwell and Mason Mount — had been put into self-isolation before the team’s next match at the Euro 2020 tournament, after coming into close contact with Scotland’s Billy Gilmour, who has tested positive for Covid-19.
Christine Lagarde, president of the European Central Bank, has forecast there will be only “moderate” spillover from rising US inflation to the European economy. “I don’t think we can actually compare the US situation and the euro area situation… they are in very different positions,” she told the European parliament.
Laxman Narasimhan is seeking to build on a pandemic surge in demand for Reckitt Benckiser ’s hygiene products to reinvigorate a company that some investors and analysts say has been harmed by the focus on integrating baby formula maker Mead Johnson, acquired four years ago for £13bn.
Colin Hunt became chief economist of one of Ireland’s largest stockbrokers at 28. Joining AIB two decades later necessitated a slower pace, grappling with challenges familiar to every chief executive who has tried to turn around a big unionised ship. Then Covid-19 appeared, and with it something of an epiphany.
Soho House, the owner of private members’ clubs in North America, Europe and Asia, has laid out aggressive expansion plans as it filed to go public in New York. The group is targeting a valuation of about $3bn as coronavirus lockdowns begin to ease and vaccination programmes are rolled out.
Santander has set its sights on becoming a major force in European investment banking, challenging Wall Street powerhouses that dominate the industry, although executive chair Ana Botin last year presided over the bank’s first annual loss in its 164-year history as the pandemic ravaged its consumer businesses.