After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Does the January effect really exist? February 12, 2020 | City Talk January 2020 was either a good month or a bad month for investing. While 10 of the 23 countries in the MSCI World index of global developed markets generated a positive return, more than half lost money. Returns varied between +6.1% (Portugal) and -5.0% (Austria). Past Performance is not a guide to future performance and [...]
Put your money where your morals are: ethical ideas for ESG investing February 12, 2020 Whether or not you agree with activists like Greta Thunberg or campaign groups like Extinction Rebellion, there’s been a clear societal shift in recent years to recognise the need to tackle problems like climate change or global poverty. One aspect of that shift is the increasing trend for savers to consider the environmental, social, and governance [...]
Under the pump: the challenges facing BP’s new boss in the 2020s February 12, 2020 When Bob Dudley bowed out after a decade at the helm of BP last week, the praise was both effusive and universal. During his tenure, Dudley managed to plot a course between the Scylla and Charybdis of 2010’s Deepwater Horizon disaster and the mid-decade collapse of the oil market while maintaining BP’s position as the [...]
Switching energy supplier? You could get £30 compensation for mistakes February 12, 2020 Energy watchdog Ofgem has today announced a new raft of compensation measures to protect consumers from difficulties caused by switching supplier. From 1 May, customers will receive an automatic £30 payment from suppliers if they are switched by mistake, if their switch takes longer than 15 days, or if their final bill does not arrive [...]
Bank of England’s Mark Carney says infrastructure investment needed to boost growth February 11, 2020 Bank of England governor Mark Carney has said more public investment in infrastructure and higher corporate spending is needed to boost the UK’s struggling economy. Speaking to the House of Lords’ economic committee, Carney also said he expects interest rates to remain low for the foreseeable future as structural factors such as weak productivity weigh [...]
Federal Reserve chair Jay Powell warns coronavirus could hurt global economy February 11, 2020 US Federal Reserve chairman Jay Powell has warned that the coronavirus outbreak could “spill over to the rest of the global economy” and said the central bank is “closely monitoring” the situation. In his semi-annual testimony to Congress, Powell said coronavirus posed a new threat to the US’s economic outlook, even as “the uncertainties around [...]
ECB chief Christine Lagarde calls for higher spending and climate action February 11, 2020 European Central Bank president Christine Lagarde has renewed her calls for government spending to help tackle the Eurozone’s slowdown and said the bloc has to “gear up on climate change”. In a statement to the European Parliament as it looks at the ECB’s 2018 annual report, the new president also defended the central bank’s ultra-loose [...]
Energy emissions stall in 2019 despite economic growth February 11, 2020 Global emissions related to energy production stopped growing in 2019, raising hopes that a “definitive peak” in total greenhouse gas emissions may have been reached. According to the International Energy Agency (IEA), emissions plateaued at 33 gigatonnes last year, having risen for the previous two years. The data is particularly striking as decline came even [...]
KKR denies approaching embattled NMC Health on possible offer February 11, 2020 KKR has ruled out a possible takeover of NMC Health, one day after the embattled FTSE 100 hospital operator said it had been approached by the US investment firm. NMC Health said yesterday that it had received approaches regarding potential takeover offers from KKR and GK Investment Holding, but KKR this morning denied making an [...]
UK economy registers zero growth in final quarter of 2019 February 11, 2020 The UK economy flat-lined in the final quarter of 2019, data has shown, as political uncertainty driven by Brexit and the December General Election weighed on activity. Britain’s services sector – which makes up about 80 per cent of the economy – eked out growth of 0.1 per cent, while manufacturing production slumped 1.1 per [...]