Goldman Sachs CEO Lloyd Blankfein: Our Brexit plans will soon reach the point of no return January 25, 2018 Goldman Sachs’ outspoken chief executive has warned the lender’s preparations for Brexit will soon reach a point where things “are not going to be undone”. In an interview with the BBC during the World Economic Forum in Davos, Lloyd Blankfein said Goldman has put measures in place to mitigate against a so-called hard Brexit. “We’ve [...]
What could make oil prices hit $100? January 25, 2018 If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: The consultancy expects crude demand this year to grow by 1.7 million bpd, and says Brent could touch above $100 a barrel in 2019. According to Energy Aspects, the reason [...]
Davos: Donald Trump’s state visit to the UK is back on after successful “clear the air” meeting with Theresa May January 25, 2018 Donald Trump’s state visit to the UK is back on the agenda, after a successful bilateral meeting with Theresa May today. The President and Prime Minister had their first one-to-one since their relationship publicly soured last autumn, resulting in the pair asking officials to “work together on finalising the details of a visit by the [...]
Davos 2018: Chancellor Philip Hammond slammed over “grave error” for saying he wants “modest” change after Brexit January 25, 2018 Philip Hammond prompted a major backlash from Tory backbenchers today, after he told Britain’s biggest business group that Brexit would involve “very modest” changes to the status quo. The Remain-leaning chancellor told a CBI lunch at Davos that we could maintain “highly aligned regulatory systems” and “the closest possible future relationship between the EU and [...]
Tottenham manager Mauricio Pochettino rebukes Arsenal boss Arsene Wenger January 25, 2018 Tottenham manager Mauricio Pochettino has stoked the rivalry with Arsenal by rebuking opposite number Arsene Wenger for appearing to suggest Spurs get too much praise. Pochettino said Wenger had “made a mistake” in making unflattering comments on the performances of other clubs, adding that he should only “talk for himself and for Arsenal”. In remarks [...]
Theresa May clinging onto power as Tories liken party to Italian Job cliff edge scene January 25, 2018 Tory MPs have likened the party to the infamous cliff-edge scene at the end of The Italian Job, warning that if a leadership challenge is mounted against Theresa May it could leave the Conservatives in free-fall. Three former ministers spoken to by City A.M. said the Prime Minister would be able to keep clinging onto [...]
Atom bank founder Anthony Thomson steps down from chairman role January 25, 2018 The chairman of Atom bank, Anthony Thomson, late last night announced his resignation from the digital challenger. Thomson, who founded Atom, had been the chairman since the app-only bank was established in 2014. Since launching, it has taken over £1bn of deposits and lent more than £1bn to small businesses and homeowners. Singer Will.i.am is [...]
The warning lights for the next economic crisis are starting to flash January 25, 2018 The global economic zeitgeist has shifted. A decade on from the financial crisis, the world economy can at last see over the hill and make out the features of the “Promised Land” called normalisation. There is a palpable sense that the world economy has crossed three important lines. First, that it is finally achieving synchronised [...]
Lords flex their muscles as EU Withdrawal Bill returns January 25, 2018 A group of Lords will next week demand that the government amend its “constitutionally flawed” EU Withdrawal Bill, as it returns for its second reading. The Constitution Committee is planning to publish its third report on the controversial bill on Monday, one day before the latest debate stage begins. Although the full details have not [...]
12 Strong review: The true story of America’s 9/11 counter-attack is boiled down to a bland horseback war drama January 25, 2018 In the weeks following 9/11, the US sent a covert team into Afghanistan to liberate (and bomb the absolute bejesus out of) a handful of Taliban-occupied towns. The squad joined forces with a local Afghan warlord, and together they traversed the mountainous region on horseback, calling in airstrikes, gunning down Taliban troops and kickstarting [...]