US officials head to Beijing to resume trade talks as deadline for tariff war looms February 11, 2019 Asian markets finished with mixed results this morning while the FTSE 100 had an early rise, as investors looked forward to the reopening of trade talks between the US and China this week. A delegation of US officials, including Treasury secretary Steve Mnuchin, head to Beijing today for the next round of negotiations, but investors’ [...]
Chancellor needs to find extra billions to end austerity February 11, 2019 The chancellor Philip Hammond will have to find billions of pounds to prop up public spending to deliver on promises of ending austerity. According to a report from think tank the Institute of Fiscal Studies (IFS), over the four years from 2019-20 to 2023-24, Hammond would need to find a further £2.2bn to avoid cuts [...]
Record stockpiling not enough to hide manufacturing slump as cliff-edge Brexit fears heighten February 11, 2019 Output in the manufacturing sector has plunged to its lowest point since October 2017 despite firms ramping up preparations for a no-deal Brexit, according to an industry barometer. BDO’s manufacturing index fell 0.23 points from December to a score of 98.37 in January, its lowest level in 15 months. Read more: UK car industry on [...]
International Investing – the whys and wherefores February 11, 2019 | City Talk In 1926, engineer, inventor and philosopher Nicolas Tesla, said “”When wireless is perfectly applied the whole earth will be converted into a huge brain. We shall be able to communicate with one another instantly, irrespective of distance… and the instruments through which we shall be able to do his will be amazingly simple compared with [...]
Quit nostalgic navel-gazing and get excited for the future February 11, 2019 The thing about the 1970s – if you lived through them – is that they were for the most part dull and dour years, devoid of political and economic energy. And as for the fashion, don’t even go there. Yet there seems to be no shortage of fresh-faced tweets proclaiming those years to be something [...]
The final frontier: Opportunities for global Britain lie in the stars February 11, 2019 This summer marks the fiftieth anniversary of the first humans landing on the moon on 20 July 1969. It was a defining moment of human achievement that still intrigues and fascinates to this day. First Man, Hollywood’s look at the life of the astronaut Neil Armstrong, played by Ryan Gosling, has just been nominated for [...]
Despite Brexit uncertainty, City links across the Irish Sea continue to flourish February 11, 2019 Amid the ongoing debate about the Irish border and the Brexit backstop, it would be easy to lose sight of the City’s flourishing links across the Irish Sea. Both Northern Ireland and the Republic of Ireland share a long history with the Square Mile. These ties have grown in recent years as the City Corporation [...]
HSBC chair Mark Tucker set to head up influential City lobbyists TheCityUK February 11, 2019 The chairman of HSBC Holdings has emerged as the frontrunner to head the board at one of the City’s main lobby groups replacing fellow banker John McFarlane. Mark Tucker is set to be announced for the role at TheCityUK in the coming days as outgoing Barclays chairman McFarlane steps down in the spring, Sky News [...]
Mike Ashley throws accusations at administrator as he abandons bid for cake shop Patisserie Valerie February 11, 2019 Retail tycoon Mike Ashley has pulled his bid for scandal-hit Patisserie Valerie, lashing out with claims the cafe chain’s administrators withheld vital information. Ashley’s Sports Direct said today it was “reluctantly” withdrawing its bid to lift the struggling firm out of administration, just two days after the offer was tabled. Read more: Sports Direct makes [...]
UK and Switzerland strike post-Brexit continuity agreement February 10, 2019 Britain and Switzerland have signed a continuity agreement that will allow the two countries to trade with each other once the UK leaves the European Union. The agreement will allow the countries to continue to trade freely without the imposition of new tariffs and will also mean no duties will be imposed on the vast majority [...]
