5 Things You Need To Know, Today, on Thursday 4th July 2019
Justin Waite
5 Things You Need To Know
05:20, 4th July 2019

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5 Things You Need To Know, Today, on Thursday 4th July 2019

5. Netflix has announced it's taking a long-term lease on Shepperton Film Studios near London.

Its plan is to create a dedicated UK production hub, including 14 sound stages, workshops and office space at the site owned by the Pinewood Group.

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4. Outspoken economist Nouriel Roubini, nicknamed Dr Doom for his gloomy warnings, has caused a stir with his latest attack on Bitcoin and its fellow cryptocurrencies.

Prof Roubini, who foresaw the financial crisis, says Bitcoin is "overhyped".

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3. Asian stocks advanced today, tracking solid gains on Wall Street as data pointed to slowing economic growth in the United States, bolstering the prospect of rate cuts by the Federal Reserve as soon as this month.

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2. The National Trust has announced that it will sell off the shares it holds in fossil fuel companies. At present, 4% of its £1bn stock market investment is in such firms.

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1. Britain’s economy appears to have shrunk for the first time since late 2012 between April and June.

A gauge of Britain’s huge services industry — the Purchasing Managers’ Index (PMI) — slipped to 50.2 in June, just above the no-growth level of 50.

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