Should the rich be taxed more? March 8, 2019 | City Talk Compared with other developed countries, the UK has a very high level of income inequality, something which many of us feel uncomfortable about. According to the Equality Trust, UK households in the bottom 10 per cent of the population have, on average, a disposable (or net) income of £9,644, with the top 10 per cent [...]
Debenhams shares bounce back as Mike Ashley launches power grab March 8, 2019 Shares in embattled department store chain Debenhams jumped as much as 25 per cent this morning after Mike Ashley launched an audacious bid to take control of the company. The retail mogul last night demanded an extraordinary general meeting of Debenhams shareholders, calling for all but one of the existing board members to be ousted. Read [...]
Barclays, HSBC, JP Morgan back Wealthiher initiative to help women with wealth March 8, 2019 Some of the City’s biggest firms and major international banks have thrown their weight behind an initiative to help women grow and protect their wealth. Read more: Women-led startups win under 10 per cent of VC funding Wealthiher will showcase the rise in women’s wealth, and highlight the different needs that wealthy women have. The [...]
Former Trump campaign boss Paul Manafort jailed for financial crimes March 8, 2019 US President Donald Trump’s former campaign manager Paul Manafort has been sentenced to 47 months behind bars for fraud. Manafort was last year convicted of five counts of tax fraud, two counts of bank fraud and one of failing to disclose foreign bank accounts. Read more: Manafort to plead guilty to Mueller investigation charges The [...]
Women-led startups receive less than 10 per cent of venture capital funding March 8, 2019 Fewer than one in ten pounds invested in British startups go to women-run businesses, while one per cent of venture capital funding goes to companies run by only women, a new report has shown. Read more: International Women’s Day is a reminder to keep breaking down barriers A study from the Enterprise Investment Scheme Association [...]
Theresa May is a home secretary dressed up as Prime Minister March 8, 2019 The UK is facing a violent crime crisis. Fatal stabbings are at their highest since 1946, with 27 knife deaths so far in 2019. Police numbers in England and Wales are down more than 20,000 since 2010. Other crime-reducing initiatives, from youth outreach to social services, have also seen drastic funding cuts in that time. [...]
International Women’s Day is a reminder to keep breaking down barriers March 8, 2019 As a senior woman in business, I’m often approached to speak at events about the importance of nurturing diversity, in the technology industry and beyond. It is both a privilege and a regret. I long for a world where diverse leadership is simply the norm; where senior female business leaders are just known as “business [...]
DEBATE: Is Kylie Jenner right to call herself a ‘self-made’ billionaire? March 8, 2019 Is Kylie Jenner right to call herself a ‘self-made’ billionaire? Naiya Ghuman, founder and chief executive of itsacrackingdeal.com, says YES. The vast majority of people will believe that Kylie Jenner has only become a billionaire through her direct access to a range of privileges and connections. But remember that she hasn’t used any family inheritance [...]
The Democrats have embraced the Trump trend of childish insults and illiterate ideas March 8, 2019 My worse fear has been realised: the 2020 presidential race is upon us. Like many readers, I’m not ready to re-board the political and emotional rollercoaster of 2016. But I cannot deny reality anymore: 2020 is in full-swing. Donald Trump has altered the tone and standards of debate in US politics. Many of his supporters [...]
Chinese exports suffer biggest drop in three years amid US-China trade war March 8, 2019 Chinese exports fell at their fastest rate in three years last month as fears grow about the world’s second largest economy. Read more: China backs Huawei's bid to sue United States The US-China trade war sent exports to a 20.7 per cent year-on-year drop, official data revealed, as imports fell 5.2 per cent. Markets reacted [...]