Mnuchin says US-China trade deal could be sealed within two rounds of talks April 29, 2019 US treasury secretary Steven Mnuchin said today that he hopes the United States and China can reach a trade deal using two more rounds of talks. Read more: US trade deficit shrinks as exports to China surge Mnuchin told Fox Business Network that within the next two rounds of discussions it will become clear whether [...]
What role does the state play in corporate governance? April 29, 2019 | City Talk What do the recent corporate governance scandals involving the Italian oil company Eni, the Franco-Japanese auto alliance Renault-Nissan-Mitsubishi, and the Canadian construction giant SNC-Lavalin all have in common? They each have a surprising culprit lurking behind them: the state. While corporate governance is intended to describe a system by which firms protect shareholder and stakeholder [...]
Climate change protesters to target Bank of England on Thursday with ‘green QE’ demands April 29, 2019 Climate change protesters have announced that they will target the City’s Bank of England on Thursday, with demands that future stimulus bond buying is done with green goals in mind. Read more: Businesses must tackle climate change or 'fail to exist', Carney warns The protests, organised by campaign groups Positive Money and Fossil Free London, will [...]
Economic confidence falls in Eurozone and EU as slowdown drags on April 29, 2019 Confidence in the Eurozone economy fell for the 10th consecutive month in April as managers became markedly more pessimistic about industry as the continent’s slowdown continues. April’s economic sentiment indicator, released by the European Commission, decreased by 1.6 points for the Euro area and 1.5 points in the European Union in April, compared to falls [...]
Missing the opportunity to align ourselves with the US would be a serious mistake April 29, 2019 The UK is the world’s leading exporter of financial services. Within that, there are few better success stories than the special relationship that we have built with the United States. The benefits for both sides are obvious. Every day, a million UK citizens go to work for US firms, while the same number of US [...]
The white paper’s strict salary threshold on EU migrants would only exacerbate inequality April 29, 2019 Britain is on course to leave the European Union by 31 October. However, Theresa May has expressed her wish that the UK should quit well before, provided her withdrawal agreement is passed. Nonetheless, whether we leave with a deal or without one, the government has been clear that ending free movement and bringing down immigration [...]
Gam whistle blower raised concerns over bonds sold by steel tycoon Sanjeev Gupta April 29, 2019 A whistle blower at embattled Swiss asset manager Gam Holding was prompted to alert the financial watchdog last year over concerns about the purchase of more than £500m of bonds from steel tycoon Sanjeev Gupta. The bonds were related to a biodiesel fuelled power generating business, and the whistle blower believed the operation was unlikely [...]
Gillette proves that cultural relevance is key to a brand’s future performance April 29, 2019 In an age of so much cultural change, it’s vital that brands regularly take stock of their “relevance” in current society. For a 117-year old brand like Gillette, exploring what masculinity actually means in this day and age was essential for its continued existence. Gillette is a brand that used to be only about the [...]
Ferrexpo delayed probe into charity partner, claims former auditor Deloitte April 29, 2019 Deloitte said this morning it repeatedly asked Ferrexpo to open an investigation into its corporate social responsibility partner before resigning as the miner’s auditor last week. In a letter to the company’s board, Deloitte said Ferrexpo has delayed the investigation despite three requests from the auditing giant starting in October. Read more: Shares in miner [...]
Supporting women entrepreneurs could unlock $330bn worldwide as most female-owned businesses struggle to get credit, group says April 29, 2019 Denying female entrepreneurs access to the funds they need is costing the global economy billions, an international charity said today as it called on financial institutions to improve their products and services for women. Development organisation Care said that 80 per cent of women-owned businesses that need credit are being under-served, opening up a $1.7tn [...]