Huawei accuses US of bullying as it fights back against Google ban May 21, 2019 Embattled Chinese tech firm Huawei has accused the US of “bullying” and said it is working with Google to fight back against potentially crippling trade restrictions. US President Donald Trump last week signed an executive order adding Huawei to a trade blacklist and effectively banning American firms from doing business with the company. Read more: [...]
Theresa May to set out ‘new’ Brexit deal in speech this afternoon May 21, 2019 Theresa May will unveil a “new” Brexit deal on Tuesday afternoon in a public plea for MPs to support her plan for leaving the EU. The Prime Minister will use a speech at 4pm to set out what will be in the Withdrawal Agreement Bill (WAB), set to be voted on by MPs in two weeks time. [...]
US-China trade tensions a major threat to global growth, says OECD May 21, 2019 Global economic growth is under threat from the escalating US-China trade conflict, the Organisation for Economic Co-operation and Development (OECD) has warned. Read more: Global markets in tailspin after Trump threatens huge China tariff rise The OECD’s closely-watched Economic Outlook said if current tariffs between the two countries are maintained, they will shave between 0.2 [...]
Britain’s small businesses deserve a simpler, fairer tax system May 21, 2019 “When you look after small business,” Sajid Javid said last week, “you look after Britain”. But too often, he admitted, the government has focused its attention elsewhere – big government finding it easier to talk to big business than small. Britain has an enviable record of company creation. Indeed, alongside our stellar job creation rates, [...]
Man charged with assault after Brexit party chief Nigel Farage hit with milkshake May 21, 2019 A man has been charged with common assault after Brexit party leader Nigel Farage was left covered in milkshake in Newcastle city centre yesterday. Read more: Farage's Brexit party unveils European election candidates Staff quickly hurried Farage away from the scene after he was hit with the milkshake while out and about attempting to garner [...]
Sterling falls below $1.27 for first time since early January as Brexit fears intensify May 21, 2019 Sterling has fallen below $1.27 for the first time since the beginning of the year as Brexit fears intensify. It comes as Prime Minister Theresa May prepares to unveil her “new and improved” Brexit plan to her Cabinet this afternoon in a bid to pass a deal through parliament at the fourth time of asking. [...]
The future looks bright for university graduates May 21, 2019 This month, university students across the country are being tested on their chosen field of study. As if the exam season weren’t stressful enough, final-year students also have to deal with acute cases of so-called employability anxiety. This generation is already described as the “most anxious in history”, so adding extra stress makes for a [...]
Are emerging markets ready to fight back? May 21, 2019 You know there’s an underlying problem when investment firms start to cut exposure to a particular asset class. Goldman Sachs’ decision last week to slash exposure to emerging markets is an indication of the current situation for these economies. The bank’s asset management arm said that it had scaled back its “overweight” exposure to emerging [...]
Stocks tumble as Google’s Huawei block stokes trade tensions May 20, 2019 Global stocks slumped today after Google blocked parts of its business with Huawei, sparking fears of an escalation in the trade war between the US and China. Google today confirmed it had suspended Huawei’s access to its Android operating system after US President Donald Trump blacklisted the Chinese company over fears it could be a [...]
What will happen to the Eurozone when Mario Draghi steps down? May 20, 2019 Back in 2012, Mario Draghi committed to do “whatever it takes” to put the euro back on track. This influential statement brought the euro crisis to an end, and proved so powerful that precautions to safeguard the Eurozone, such as the Outright Monetary Transactions facility, did not need to be used. With Draghi’s term as [...]
