1. Who did Democratic presidential candidate Joe Biden announce as his running mate for vice president this week?
a. Senator Bernie Sanders
b. Senator Elizabeth Warren
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
c. Senator Kamala Harris
d. Senator Amy Klobuchar
2. Which country announced this week it had granted public use for a Covid-19 vaccine?
a. United States
b. China
c. Russia
d. Germany
3. The UK fell into its deepest recession on record in the second quarter of 2020, with gross domestic product falling by how much?
a. 13%
b. 20%
c. 25%
d. 15%
4. The UK announced this week arrivals from which additional three countries would have to quarantine for 14 days upon arrival?
a. France, Spain, Malta
b. The Netherlands, Spain, Malta
c. France, Spain, Portugal
d. France, the Netherlands, Malta
5. A post-Brexit trade deal between the UK and Japan was thrown off course this week after international trade secretary Liz Truss requested better terms for which British food?
a. Bacon
b. Stilton
c. Crumpets
d. Jam
6. Which actor topped Forbes’s list of highest-paid actors, having made around £67m in the fiscal year ending June 2020?
a. Mark Wahlberg
B. Ryan Reynolds
c. Dwayne “The Rock” Johnson
d. Ben Affleck
7. A pair of trainers worn by legendary basketball player Michael Jordan fetched how much at an online auction this week?
a. $250,000
b. $850,000
c. $415,000
d. $615,000
8. What country saw an oil spill contaminate two of its environmentally protected marine ecosystems and a marine park reserve this week?
a. Mauritius
b. Madagascar
c. Sri Lanka
d. Maldives
9. Which eastern European country was plunged into crisis this week due to election fraud?
a. Lithuania
b. Belarus
c. Latvia
d. Estonia
10. Jacob Rees-Mogg, the leader of the Commons, is set for a dividend payment of how much after his fund management firm made it through the emerging markets wobble?
a. £500,000
b. £350,000
c. £800,000
d. £950,000
Answers
1. c. Senator Kamala Harris.
2. c. Russia. President Vladimir Putin revealed Russia’s Covid-19 vaccine, Sputnik V, has been granted public use. He has faced criticism for it as the drug is still in the testing phase.
3. b. 20%. GDP shrank by a fifth quarter-on-quarter, with widespread contractions across all sectors. It suffered a bigger slump than any other major European economy.
4. d. France, the Netherlands, Malta.
5. b. Stilton. Truss is holding out for a better deal for British food, with a focus on attempts to boost sales of blue cheese in Japan.
6. c. Dwayne “The Rock” Johnson.
7. d. $615,000. The Nike Air Jordan 1 Highs were worn by the Chicago Bulls star in an exhibition game in 1985 when Jordan famously dunked the basketball so hard it shattered the glass blackboard.
8. a. Mauritius.
9. b. Belarus. Protesters took to the streets in violent demonstrations against President Alexander Lukashenko after he claimed a landslide victory over opponent Svetlana Tikhanovskaya in an election that the European Union and the US said was neither free nor fair.
10. c. £800,000. Somerset Capital Management reported profits of £14.9m for the year to March, says The Times.
-
What will the unravelling of US-China trade mean for the economy?What will a US-China decoupling mean for the global economy?
-
Scottish Mortgage: why we’re turning to private companies and China for exceptional returnsWhen it comes to delivering growth, Scottish Mortgage will stop at no end in its hunt for exceptional long-term returns - this includes China, unicorn companies and sectors such as space exploration
-
Trapped in a time of zombie governmentIt’s not just companies that are eking out an existence, says Max King. The state is in the twilight zone too.
-
America is in deep denial over debtThe downgrade in America’s credit rating was much criticised by the US government, says Alex Rankine. But was it a long time coming?
-
Bank of England raises interest rates to 5.25%The Bank has hiked rates from 5% to 5.25%, marking the 14th increase in a row. We explain what it means for savers and homeowners - and whether more rate rises are on the horizon
-
UK inflation remains at 8.7% ‒ what it means for your moneyInflation was unmoved at 8.7% in the 12 months to May. What does this ‘sticky’ rate of inflation mean for your money?
-
VICE bankruptcy: how did it happen?Was the VICE bankruptcy inevitable? We look into how the once multibillion-dollar came crashing down.
-
Would a food price cap actually work?Analysis The government is discussing plans to cap the prices of essentials. But could this intervention do more harm than good?
-
UK inflation slides to 8.7% - what does it mean for your money?News Inflation has dropped below 10% for the first time in months, but with food prices at a 45-year high, is this good news and what does it mean for your money?
-
Why the UK equity market is shrinkingAnalysis The crisis has been building for 25 years, says Max King, and it will take decades to reverse the trend.
