Carlos Ghosn resigns from Renault amid financial misconduct scandal January 24, 2019 Embattled executive Carlos Ghosn has resigned from Renault ahead of his trial in Tokyo on financial misconduct charges, the French finance minister has said. “Carlos Ghosn just resigned last night,” Bruno Le Maire told Bloomberg at the World Economic Forum in Davos this morning. Read more: Ghosn to stay in jail after Tokyo court rejects bail [...]
DEBATE: Following reports of the Dyson relocation, is Singapore the new go-to place for tech? January 24, 2019 Following reports of the Dyson relocation, is Singapore the new go-to place for tech? Elsa Hu, director of Asia at GP Bullhound, says YES. Singapore has long been the headquarters of choice for Southeast Asian tech startups, due to its mature business ecosystem, proximity to two of the world’s booming economies, huge talent pool, and attitude [...]
Going backwards: France’s private sector contracts at fastest pace in four years in wake of yellow vest protests January 24, 2019 France's private sector contracted at its quickest rate in more than four years in January in the wake of sustained national protests and rioting, according to a closely-followed measure of industry activity. The services sector was hardest hit, contracting at its fastest pace in nearly two-and-a-half years, according to the latest purchasing managers' index (PMI). [...]
Like-for-like sales slip at The Restaurant Group despite Wagamama boost after ‘pivotal year’ January 24, 2019 Frankie & Benny’s owner The Restaurant Group (TRG) posted a dip in like-for-like sales during 2018, but said that it has been seeing positive growth since the World Cup as its pubs continued to outperform the sector. The group also remained upbeat on its recent £500m acquisition of Wagamama, saying that the noodle chain "continued to trade well over [...]
The Franco-German push for EU integration may backfire January 24, 2019 Amid the turmoil of the Brexit process, it is perhaps understandable that British eyes have not been focused much on recent developments within the European Union. After all, nobody is particularly interested in changes in a club when their membership is about to lapse. But just as we are preparing to set the seal on our [...]
The Premier League is one of the UK economy’s star players January 24, 2019 I am a Stoke City supporter and a huge fan of all football. For me, it really is the beautiful game, and that makes me especially pleased that EY’s new report on the economic and social impact of the Premier League demonstrates just how much football contributes to the UK economy and society. The Premier League [...]
The US government shutdown drags on, but London never closes for business January 24, 2019 As the longest government shutdown in US history rumbles on – sparked by Donald Trump’s insistence to build a border wall that Democrats in Congress have refused to grant funding for – Wall Street and Silicon Valley have been left in serious IPO limbo. Staff at the Securities and Exchange Commission (SEC) have not worked [...]
Davos: Philip Hammond declares Britain ‘great place to do business’ after Brexit January 24, 2019 Chancellor Philip Hammond is to make a pitch for the UK’s post-Brexit business credentials in Davos today, as he announces £100m investment for British innovation. Hammond will tell business leaders gathered at the World Economic Forum: “Britain is a great place to do business. And we are determined, as we leave the EU, to make [...]
Airbus chief blasts Brexit ‘disgrace,’ issues dire warning on no-deal scenario January 24, 2019 Airbus chief executive Tom Enders has issued yet another stark warning about the effect a no-deal Brexit would have on the aviation giant’s UK business. In a video message, Enders urged Britain’s politicians not to listen to “the Brexiteers’ madness which asserts that, because we have huge plants here, we will not move and we [...]
EXCLUSIVE: Corbyn hosts Venezuelan diplomat in parliament as anti-Maduro protests erupt across the socialist country January 24, 2019 Labour leader Jeremy Corbyn hosted a Venezuelan diplomat in parliament on Wednesday evening, as hundreds of thousands of Venezuelan citizens took to the streets demanding an end to the socialist regime of President Nicolas Maduro. Read more: Gove tears into Jeremy Corbyn as government defeats no confidence vote Corbyn was a vocal supporter of Maduro's [...]