After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Tackle badly-paid work to boost productivity, says new research January 16, 2020 The UK government should focus on raising the pay of the poorest in Britain and encouraging greater worker representation to tackle the country’s long-running productivity crisis, according to a new study published by the Royal Society of Arts (RSA). Increasing productivity – the amount produced per hour worked – is vital to the long-term growth [...]
US and China sign long-awaited ‘phase one’ trade deal January 15, 2020 US President Donald Trump and Chinese vice premier Liu He have signed a “phase one” trade deal in Washington that puts in place a fragile peace in the long-running tariff war between the world’s two biggest economies. Trump and Liu put pen to paper in a packed East Room at the White House after months [...]
Australian miner Resolute sells Queensland pit for £159m January 15, 2020 Australian miner Resolute has sold its Ravenswood gold pit in Queensland to a consortium of buyers for AU$300 (£159m). The dual listed firm said the consortium, which is made up of EMR Capital and Golden Energy and Resources, was committed to the development of the mine, which has produced nearly 2m ounces of gold since [...]
Why a Bank of England interest rate cut looks increasingly likely January 15, 2020 Just a week ago, investors rated the chances that the Bank of England would cut interest rates at about five per cent. Today, they think there is a 60 per cent chance that the main rate will be lowered from 0.75 per cent, according to CME Group’s tool which analyses futures prices. So what has [...]
Hochschild beats production guidance with ‘stronger than forecast’ final quarter January 15, 2020 Record production at two of its Peruvian mines saw Hochschild beat its guidance for 2019, bumping shares two per cent. Total silver production at the company hit 38.7m equivalent ounces, comfortably surpassing forecasts of 37m ounces. A 10 per cent increase in output at San Jose, which contributed 15.4m ounces of silver, helped push the [...]
Expectations of BoE rate cut rise after UK inflation falls to three-year low January 15, 2020 Sterling fell on Wednesday after data showed UK inflation unexpectedly slipped to a three-year low during December, ramping up expectations that the Bank of England (BoE) will cut interest rates later this month. The consumer price index (CPI) rose 1.3 per cent last month compared to a year earlier — the weakest level since November [...]
Ovo completes purchase of SSE’s retail business January 15, 2020 Ovo today completed the acquisition of SSE’s retail arm on a landmark day for the UK energy sector. The £500m deal will see Ovo take on roughly 3.5m households from the energy giant, meaning it will become the second largest supplier in the country with around 5m customers. Read more: Watchdog gives green light for [...]
Bank of England policymaker maintains interest rate cut view January 15, 2020 Bank of England (BoE) policymaker Michael Saunders has said he is sticking to his view that interest rates should be cut because of weaknesses in the UK’s labour market and wider economy. “It probably will be appropriate to maintain an expansionary monetary policy stance and possibly to cut rates further, in order to reduce risks [...]
FTSE 100 subdued ahead of US-China trade deal meeting January 15, 2020 The FTSE 100 has opened almost flat ahead of US President Donald Trump’s meeting with Chinese vice premier Liu He, where the pair are set to sign an initial trade deal. Britain’s blue chip index was sitting 0.08 per cent up in morning trading ahead of the signing on Wednesday. Both US and Asian markets [...]
A tip for Dominic Cummings: Don’t hire anyone who fails to grasp the power of incentives January 15, 2020 The job advert issued by Dominic Cummings for people to work in government has attracted a wide range of comments. One particular focus has been on the sorts of skills he is looking for. Computer science, forecasting, artificial intelligence, causality theory — all these topics excite his interest. Cummings advocates a small selection of scientific [...]