• Sat. Oct 29th, 2022

Thailand’s tourism industry could take five years to bounce back to normal, the country’s National Economic and Social Development Council said today in an ominous sign for one of the most tourism-dependent economies in the world.

May 24, 2021

Good morning. The FTSE 100 is tipped to edge slightly higher, while Bitcoin suffered another bruising weekend.
5 things to start your day 
1) Netflix surge throws PM’s green agenda in doubt, says BT: Telecom giant complains it is footing the bill for video streaming power spikes as network providers push for rules shake-up.
2) Used car prices soar as industry faces perfect storm: Chip shortage and pandemic push up secondhand car prices, with Mini Cooper S model rising by £3,000 last month.
3) George Osborne’s firm hits jackpot after crypto bet: Investment in Internet Computer by firm advised by former Chancellor pays off as new crypto coin surges 3,000pc.
4) Wind slump risks blackouts as Britain goes green: Researchers urge UK to invest in alternatives as growing reliance on wind and solar leaves energy grid exposed to extreme weather.
5) HSBC and Barclays demand shake-up of open banking: Lenders complain of ‘significantly higher’ costs to share customer data with smaller rivals than original estimates.
What happened overnight 
Asian shares got off to a cautious start on Monday as investors awaited key US inflation readings for guidance on monetary policy, while Bitcoin tried to steady after being hammered on news of China’s crackdown on mining and trading of the cryptocurrency.
MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.4pc in slow trade. Japan’s Nikkei added 0.2pc and Chinese blue chips lost 0.5pc.
Nasdaq futures were flat and S&P 500 futures firmed 0.2pc. EUROSTOXX 50 futures and FTSE futures added 0.1pc.
Coming up today
Full-year results: Kainos, Sirius Real Estate
Trading update: Hilton Food Group