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Cyberattack hits meat supplier JBS, halts some meatpacking operations

2021-06-01 19:53:59| Chicago Tribune news - Business

JBS, the worlds biggest meat supplier, has been targeted in a cybersecurity attack that shut down its North American and Australian computer networks in the latest threat to pandemic-rattled global food supply chains.

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Eurozone inflation hits 2pc for first time since 2018

2021-06-01 12:34:27| Telegraph Money | Personal Finance

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UK house price growth hits double digits in May amid race for space business live

2021-06-01 08:50:34| Guardian Unlimited Business - more business news

Rolling coverage of the latest economic and financial newsNationwide: Annual house price inflation hit 10.9% last monthPrices up 1.8% month-on-month Race for space as people seek gardens and larger housesBank of England monitors UK housing boom as it weighs inflation risk 7.41am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The UK housing boom continues to run, with house price inflation accelerating again as the pandemic spurs people to move to larger properties in more rural areas. Amongst homeowners surveyed at the end of April that were either moving home or considering a move, more than two thirds (68%) said this would have been the case even if the stamp duty holiday had not been extended.It is shifting housing preferences which is continuing to drive activity, with people reassessing their needs in the wake of the pandemic. Over a third (36%) of those surveyed said they were more likely to consider enhancing their home as a result of Covid19, with nearly half (46%) of these looking to add or maximise space. There is a risk that demand gets ahead of supply and that will lead to a more generalised pick-up in inflationary pressure. Thats something we are absolutely going to guard against. We are looking carefully at the housing market and a raft of real-term indicators. Related: Bank of England monitors UK housing boom as it weighs inflation risk Related: UK petrol prices expected to rise for seventh month in a row Continue reading...

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PNB Housing hits upper circuit as Aditya Puri, Carlyle line up to pick up stake

2021-05-31 09:10:43| The Economic Times

Carlyle and its affiliated funds will invest up to Rs 3,185 crore in the housing finance company through a preferential allotment of equity shares and warrants at a price of Rs 390 per share, a discount of nearly 11 per cent to Fridays closing price.

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