US oil price lift offsets worries over world debt – New York Report July 7, 2015 US STOCKS ended higher after a choppy session yesterday, as a rebound in US oil prices helped offset concerns about a slowdown in China and the Greek debt crisis. The S&P energy index reversed course to trade up 0.9 per cent as US crude oil rose 0.7 per cent after trading as much as 3.7 [...]
Will the Greek crisis hit your investments? Investors will be just fine July 7, 2015 As the Greek financial crisis rolls on for another week, many investors will be wondering whether the situation will have an impact on their portfolios. On the ground in Greece, the situation is little short of catastrophic. Banks have been closed for over a week and ordinary people are scrabbling around for cash to fund [...]
How to identify groupthink in your company: A lack of disruptive ideas can lead to a sense of invincibility July 7, 2015 From the Bay of Pigs to the Enron scandal, “groupthink” has been blamed for poor decisions and excessive risk in military strategy and business alike. Coined by Irving Janis in 1972, it describes a team’s favouring of consensus and dismissal of both critical evaluation and radical alternatives. But how can you distinguish between a cohesive [...]
Greek debt crisis: Tsipras wants a “final exit” from the crisis July 7, 2015 Greek Prime Minister Alexis Tsipras has said the country will seek a "final exit" from the crisis by submitting a reform-for-aid proposal by the end of the week. "The discussion was held in a positive atmosphere. The process will be fast, it starts in the coming hours with the aim of concluding it by the [...]
July Budget 2015: What time is it, how to watch it and what to expect July 7, 2015 Chancellor George Osborne is busily preparing to deliver his "emergency Budget" tomorrow, with its name alluding to the fact it's so close to the General Election. But it's also attracting attention is because it's the first exclusively Conservative Budget in almost 20 years – in 1996 then-chancellor Kenneth Clarke delivered a package framed as the "Rolls-Royce recovery [...]
Greek debt crisis: Donald Tusk says Greece has five days to reach an agreement July 7, 2015 European Council President Donald Tusk warned Greece has just five days left to reach an agreement to save it from bankruptcy ahead of an emergency summit on Sunday involving all 28 EU members. "The stark reality is that only have five days to find the ultimate agreement," he said. "Until now I avoided talking about [...]
Greek crisis: Alexis Tsipras fresh bid to win aid from creditors July 7, 2015 Greek Prime Minister Alexis Tsipras launched has a bid to win aid from the country's "troika" of creditors at a crucial emergency Eurozone summit today that could determine its future. Unconfirmed media reports have suggested Greece is proposing an interim funding agreement to tide the cash-strapped country over, followed by a longer one. It comes [...]
German media merger still has many challenges to overcome July 7, 2015 Shares in Axel Springer, the German media giant, ended today up over 2 per cent, on the back of escalating rumours of a media mega merger. The publisher of Europe’s best selling tabloid newspaper, Bild, had yesterday failed to quash rumours that are swirling that it is in merger talks with Germany’s top broadcaster [...]
The Russian government’s guide to avoiding deadly selfies July 7, 2015 If you've ever found yourself pondering how to take a selfie safely, the Russian government may not be the first thing that springs to mind,