After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Eurozone employment hits highest level since 2009 but financial sector job growth stalls March 15, 2016 Employment in the Eurozone climbed at the end of last year as the currency-bloc's moderate economic recovery continued. However, the Eurozone's financial sector failed to register a growth in job numbers. There were 151.9m people in work in the Eurozone between October and December, according to figures published by EU statistical office Eurostat this morning. It is 0.3 [...]
Inflation basket of goods: Coffee pods, leggings and nail varnish are in, nightclub entry and CD Roms are out – these are our changing shopping habits according to the ONS March 15, 2016 The party's over. No longer do we head to a nightclub for a weekend blow out leading to entry fees being dropped as a measure of inflation – but a tipple of cream liqueur is now on the menu. George Clooney has something to answer for, as coffee pods like Nespresso are also added to the shopping [...]
A record $1.34 trillion of property will change hands this year as new capital, investor appetite and geopolitical unrest drives investment March 15, 2016 A record $1.34 trillion of global real estate is expected to change hands this year, as new sources of capital and investor appetite combined with geopolitical unrest and increased uncertainty drives further investment into the sector. Cushman & Wakefield’s Atlas Outlook Report, presented this morning at the annual MIPIM property conference in Cannes, shows that [...]
Putin orders Russian troops from Syria declaring mission accomplished, as foreign ministry tasked with intensifying attempts to broker a peace deal March 14, 2016 Russian President Vladimir Putin has ordered the main part of the Russian military to begin withdrawing from Syria, claiming the mission has achieved its objectives. According to a Kremlin spokesman Putin telephoned his ally Syrian President Bashar al-Assad to inform him Russian forces will begin to leave the country from Tuesday. Russia's role in the conflict allowed Syria to recapture territory from [...]
Fidelity analysts back consumer and tech sectors as utilities, industrials and energy lose their appeal March 14, 2016 The consumer and tech sectors will drive corporate earnings growth this year, a survey of analysts at an investment giant revealed today. However, the survey of 200 analysts at Fidelity International reveals they have dramatically toned down their outlook on utilities, industrials and financial companies for this year. Subdued inflation, rising house prices, wage growth and falling unemployment [...]
Proposed Basel changes could distort UK mortgage market, warns Council of Mortgage Lenders March 14, 2016 Proposed reforms to financial regulations would have “negative and unintended consequences” for the UK mortgage market, the Council of Mortgage Lenders (CML) has warned today. The CML said proposed reforms to Basel rules, a set of global rules adhered to by countries voluntarily, were "unduly harsh" on prime residential and buy to let mortgages. The reforms [...]
Eurozone industrial production rebounds to hit highest level since 2008 March 14, 2016 Industrial production in the Eurozone bounced back in January to reach its highest level since 2008. Output in manufacturing, mining and utilities climbed 2.1 per cent over the month, according to EU statistical office Eurostat. Compared with January 2015 it was 2.8 per cent higher. Ireland, Estonia and Germany led with monthly growth rates of 12.7 per cent, 4.9 per cent [...]
Small businesses call for simpler tax system to level playing field March 14, 2016 Smaller businesses want a simpler tax system to help create a level playing field with their multinational competitors, new survey data shows today. Accountancy firm Moore Stephens said 55 per cent of small and medium-sized enterprises (SMEs) wanted the tax system simplified in this week’s budget. The joint most popular measure was a further crackdown [...]
London’s economic growth drops to three-year low as UK loses steam – Lloyds Bank March 14, 2016 London's economic growth plummeted to it lowest since 2013 in February, a survey of businesses shows this morning. The regional purchasing managers’ index compiled by Lloyds Bank fell to a score of 52.2 for London. It is barely above the 50 level that indicates a region’s economy grew over the month and marks a steep [...]
Northern Powerhouse: Shaving one minute off journey times could provide £1.6bn boost northern cities March 14, 2016 Shaving just 60 seconds off the time it takes to travel to key services could provide a £1.6bn economic boost to the northern regions of the UK, according to new research published today. Using so-called value of time research, consultancy and construction company Mace said for all regions outside of London, saving the extra minute could [...]