EU migrant crisis: The European Parliament has approved a relocation plan for 120,000 refugees September 17, 2015 The European Parliament has approved plans to relocate 120,000 refugees throughout the trading bloc, in a bid to help the countries most under pressure from the millions of displaced people crossing their borders. An emergency vote was called today after interior ministers rejected the scheme – designed to help "frontline" states Greece, Hungary and [...]
Four reasons why the Fed should not postpone a rate hike September 17, 2015 The probability of the US Federal Reserve ending seven years of near-zero interest rates September is stronger than is generally believed. While there is no perfect timing for the tightening monetary policy, several arguments confirm that the Fed is able to begin this month if it so desires. Here are the four we can see: The [...]
Jeb Bush wants Margaret Thatcher on $10 notes September 17, 2015 Presidential wannabe Jeb Bush has said he wants Margaret Thatcher to appear on $10 bank notes in the US. The Republican, who is running against Donald Trump among others to win the party's nomination for next year's election race, told an audience at last night's televised candidate debate that he would pick Britain's former Prime [...]
Ukrainian parliament backs crucial debt restructuring September 17, 2015 Ukraine’s parliament has today rubber stamped a vital debt restructuring deal, helping the country to avoid bankruptcy. The deal was agreed by the finance ministry and a group of Ukraine's largest creditors including US-based fund Franklin Templeton at the end of August following months of tense negotiations. It will lead to a write-down of 20 [...]
Britain will never grow its own Apple without spending more on technology R&D September 17, 2015 The last decade has witnessed an explosion in the number of digital startups springing up across the country – not just in east London, but across the whole of the UK. Of these, however, you can count the number of firms built around core Intellectual Property (IP) on one hand. At a time when we’re [...]
UK wages rise at the fastest pace in six years as employment unexpectedly falls September 17, 2015 The pound leapt against the dollar as official data showed UK wages rose at the fastest pace in six years, while employment unexpectedly fell. Annual average weekly earnings, excluding bonuses, increased by 2.9 per cent in the three months to July, the fastest growth since 2009. Including bonuses, average weekly earnings growth also rose by 2.9 [...]
From Open-plan offices to FinTech and regulation: Four ways the City is changing September 17, 2015 The City will face a number of opportunities, as well as a few adversities, in the years to come according to a new report by published by the City of London Corporation. Here's a quick round-up of the main changes: Rise of the open-plan office The rise in flexible working, technological changes and cost pressures are [...]
The best and worst office views in the world September 17, 2015 If you've ever sat at your desk, staring out towards the neighbouring office building glimpsing just a tiny square of sky, console yourself with the fact that it's definitely a better spot than at least one other person in the world (possibly several). The view from this Aldershot office takes some beating for the sheer [...]
This kind of lie can boost profits in a negotiation September 17, 2015 Most of us shy away from telling outright lies in the workplace, however we might feel less conflicted about using actual facts to mislead an opponent. And a study suggests that telling these little white lies could result in huge potential returns. It all depends how you go about it. Researchers at Harvard’s Kennedy School say [...]
Morgan Stanley: Is Thomas Piketty history? We think so September 17, 2015 Thomas Piketty's brand of anti-austerity economics is "history", according to an analysts' note from Morgan Stanley. The French economist's best-selling book Capital in the Twenty-First Century has influenced anti-austerity movements such as Jeremy Corbyn's Labour leadership campaign and has propelled him to worldwide recognition. The book's central thesis argues that returns on capital accumulate more quickly [...]