Trump travel bans causes slump in US tourism March 20, 2017 Inward travel and tourism will contribute less than usual to the US economy this year, the World Travel and Tourism Council (WTTC) have said. The WTTC’s Impact Research report for 2017 shows that while the US travel and tourism sector is the worlds biggest, forecasted growth in the country’s travel and tourism industry is likely to [...]
Last call for Heineken’s red star as Hungary seeks to ban logo March 20, 2017 An icon in bars across the world, the Heineken red star logo may be facing its last call. The five pointed star, which has been part of the Dutch beers logo since the 19th century, was also the symbol of the brutal Communist dictatorship that ruled Hungary up until the 1990s. In the latest of [...]
Emergency rate productivity hit was worth it to save 1.5m jobs, says Bank of England chief economist Andy Haldane March 20, 2017 Slashing interest rates in the aftermath of the financial crisis has saved 1.5m jobs, the Bank of England's chief economist said today. Speaking at the London School of Economics, Andy Haldane noted, while the ultra low interest rate environment had hampered productivity, it was worth it to keep over a million people in work compared with a [...]
May: Trump was being a “gentleman” when he held my hand March 20, 2017 Prime Minister Theresa May has insisted that US President Donald Trump was "being a gentleman" when he was pictured holding her hand as the two walked outside the White House earlier this year. May was the first state leader to visit Trump after his inauguration, and an interview with American Vogue has seen the Prime Minister [...]
With Article 50 to be triggered next Wednesday, who is the least prepared for the Brexit process: the UK or the EU? March 20, 2017 Peter Wilding, director at British Influence, says the UK. The UK is going for hard Brexit. The holy grail is taking back full control over borders, laws and money while still getting full access to the Single Market. It thinks that the EU has a weak hand. Greed for access to the British market and [...]
Q&A: Why are brands like Marks and Spencer pulling their advertising from Google? March 20, 2017 A newspaper investigation uncovered examples of several high profile brands being advertised against extremist content such as videos of a preacher banned from Britain and from white extremist David Duke insulting Jewish people. The BBC, Channel 4, The Guardian as well as the Financial Conduct Authority, Transport for London and the Royal Navy, advertising for [...]
Sir Tim Barrow tells MPs Brexit negotiations will be unprecedented but everybody is prepared to get going March 20, 2017 The UK's ambassador to the EU told MPs today Brexit negotiations will be unprecedented, but he is confident everybody is prepared to stick to the two-year Article 50 timetable. Sir Tim Barrow also told the European Scrutiny Committee: The truth is, nobody has done this sort of negotiation before. A lot of the speculation [about how [...]
Classic cars, booze and planes: FCA gives investors in HNW Lending tax-free status March 20, 2017 A peer-to-peer lender offering a high-net-worth pawnbroking service has been given the green light by regulators to market a specialist type of Isa to investors. HNW Lending connects borrowers with valuable assets to investors seeking a greater rate of return. Borrowers must hand over their assets, which in the past have included classic cars, planes or [...]
Banks don’t want a red tape Brexit bonfire, but lower taxes would sweeten the deal March 20, 2017 Banks are calling on the government to slash taxes for the sector to sweeten the deal for Brexit and ensure the country remains competitive. Research carried out for the British Bankers' Association (BBA), which was published in November, revealed banks' collective tax bill had shot up to £34.2bn for the year to March 2016, up 3.6 per cent compared [...]
Billionaire banking boss David Rockefeller dies aged 101 March 20, 2017 US banker and philanthropist David Rockefeller died at the age of 101 on Monday, his family said. Renowned for his association with Chase Manhattan bank, Rockefeller was chairman and chief executive of the lender during the 1970s. It was reported Rockefeller gave away $2bn of his fortune over his lifetime. Rockefeller was the only surviving [...]