After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
DEBATE: Should Britain heed the Japanese Prime Minister and join the Trans-Pacific Partnership after Brexit? October 10, 2018 Should Britain heed the Japanese Prime Minister and join the Trans-Pacific Partnership after Brexit? Molly Kiniry, researcher at the Legatum Institute, says YES. The UK has been promised a welcome with “open arms” to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP-TPP), perhaps the most comprehensive multilateral trade agreement negotiated to date. The mechanics [...]
British exports to EU to be ‘cut in half’ by hard Brexit warns German think tank October 10, 2018 Britain and the EU would sustain economic hits worth billions of pounds if no Brexit deal is agreed before the 29 March 2019, according to analysis by a German think tank. British exports to Europe could fall by as much as 50 per cent, while German exports would decrease by 43 per cent, according to [...]
Litigation funder Vannin Capital pulls London float blaming market conditions October 10, 2018 Litigation funder Vannin Capital has cancelled its London initial public offering (IPO) blaming market volatility. Vannin, which finances litigation for businesses and law firms in exchange for a slice of any settlement, announced its intention to float last month. Market sources said the projected float could have valued the business at up to £1bn. Read [...]
Bank of England chief economist Andy Haldane hails ‘new dawn’ for wages after decade of stagnation October 10, 2018 The Bank of England's top economist today hailed a "new dawn" for wage growth after a "lost decade" for British workers' pay packets. Andy Haldane said that average weekly earnings growth had shown a "clear rise" and that other indicators of labour market tightness have increased to historically high levels. The Bank of England and [...]
British GDP growth grinds to halt in August October 10, 2018 The British economy did not grow appreciably in August, according to early estimates, after a performance earlier in the summer which was stronger than previously thought. GDP growth for the month came in at zero per cent, the Office for National Statistics (ONS) said. That followed upwardly revised readings of 0.2 per cent growth in [...]
Heed the history and beware Saudis floating oil companies October 10, 2018 Will they? Won’t they? I’m thinking about whether or not the Saudis will go ahead and float a sliver of their gigantic state oil company, Aramco, on the stock market. Reuters said in August that King Salman had vetoed the idea. But in an interview with Bloomberg published last Friday, his son, Crown Prince Mohammed, [...]
Economies of the future will have to engage with the world, not just the EU October 10, 2018 The fire and the fury rage from day to day around the outcome of the Brexit process. The discussion has lost sight of the longer-term context in which both the UK and the EU will operate, regardless of the precise deal which is or is not struck. The crucial fact to appreciate is that Europe’s [...]
What makes a ‘stablecoin’ successful? October 9, 2018 | Sponsored With a number of stablecoins being released recently, we took the opportunity to share our thoughts on what might contribute to their success. Audit: where a stablecoin is backed by another asset, it is important that an independent auditor can verify the holdings of those assets. The absence of a robust audit process and of [...]
Turkey urges businesses to cut prices to fight soaring inflation October 9, 2018 Turkey has urged businesses to cut prices by at least 10 per cent in a bid to control soaring inflation. Finance Minister Berat Albayrak – President Recep Tayyip Erdogan's son-in-law – launched the initiative on Tuesday as part of a “fully fledged flight” against inflation. The discount will not be compulsory but Albayrak encouraged Turks [...]
Royal Mail downgrade forces shares below the government’s 2013 IPO price October 9, 2018 Shares in Royal Mail have dropped below their controversial IPO valuation for the first time after the company was downgraded by two banks this morning. The FTSE 100 company, which floated at 330p a share in 2013, briefly dropped as low as 322p in morning trading. A profit warning issued last Monday sent the company’s [...]