Federal Reserve’s William Dudley leaning toward interest rate hike as Charles Evans stays dovish November 12, 2015 A series of speeches from US rate-setters has put the US marginally closer toward an interest rate hike. Federal Reserve official Charles Evans said the central bank is close to reaching its employment goal, but he is concerned inflation may fail to reach its two per cent target. "I am far less confident about reaching [...]
EU referendum: Indian Prime Minister Narendra Modi says UK is India’s entry point into the EU November 12, 2015 Indian Prime Minister Narendra Modi has seemingly backed Britain's membership in the European Union, telling reporters this afternoon that the UK is India's "entry point into the EU". "Yes, there will be a referendum in the UK after two years. I believe that the citizens of this country are very intelligent and wise. I have nothing [...]
Millions of jobs at risk of automation over the coming decades, Bank of England’s Andy Haldane tells trade union November 12, 2015 The Bank of England's chief economist Andy Haldane believes that millions of jobs will come under threat from automation over the coming decades, fuelling unemployment and inequality. While he believes that up until now "technology has enriched labour, not immiserated it", he believes the next wave of technological advancement could be different. “By itself, a [...]
Bearish Barclays economists foresee more trouble in China in their quarterly Global Outlook report November 12, 2015 "Curb your enthusiasm" was the message from Barclays economists, who doubted how long China's recovery could be sustained, and warned of "significant" disruption risks in their quarterly Global Outlook report. Christian Keller, head of economics research at Barclays, questioned how long China's rebound would last, saying he expected "further weakening activity" as underlying problems in the real estate [...]
Dodge a lot of cars? Don’t worry – city roads are officially safer than quiet, country lanes November 12, 2015 NULL
Almost a third of London employers are struggling with productivity levels, compared to just less than a quarter of employers in the UK as a whole November 12, 2015 Nearly a third (32 per cent) of London employers think that productivity is a problem for their business, according to figures shown exclusively to City A.M. by Group Risk Development (GRiD). By comparison, in a report released earlier by GRiD, just 23 per cent of employers across the UK as a whole said that productivity [...]
Melting Arctic is like the “new Africa” for precious resources November 12, 2015 The Arctic's ice is rapidly melting away, leaving behind sea passages that offer much easier access to the resource-rich area than ever before. The result, according to Iceland's President Olafur Grimsso, is an Arctic that is like the “new Africa”. Rare metals, minerals, oil and gas are among the many resources being eyed up by governments [...]
US JOLTS: Labour market keeps up momentum in September as job openings rise to 5.5m November 12, 2015 The US jobs market had a robust September. The number of job vacancies in the US edged up to 5.5m from 5.4 in August, according to Jobs Openings and Labour Turnover report publishhed by the Bureau of Labor Statistics today. The reports showed that the total number of hires was 5m, also little changed from August. The [...]