Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
Obama attacks Europe over tech protectionism against Google February 16, 2015 US President Barack Obama hit out at the EU for its scrutiny of companies like Google and Facebook, which he believes is driven by a desire to protect European tech companies. Search giant Google is currently embroiled in a four-year probe into its dominant position in Europe’s search engine market. “Sometimes the European response here [...]
General Election 2015: Three things we learned about Ed Miliband from his Obama strategist David Axelrod in his interview with the Guardian February 16, 2015 The man who helped get Obama elected and invented what’s probably the most famous political slogan of our times – “Yes We Can” – is on the campaign trail (sort of) with Ed Miliband as the Labour leader’s hot-shot election strategist. Miliband hired the political heavyweight David Axelrod as an adviser in a bid to [...]
Obama phones Putin, warns him to negotiate ahead of Minsk summit February 11, 2015 US President Barack Obama has upped the rhetoric over Ukraine, using a phone call to tell Vladimir Putin to negotiate a peaceful settlement this week. The phone call came after Obama confirmed he had asked officials to look into supplying the Ukrainian government with weapons to fight the Russian-backed separatists in Ukraine. Putin is meeting [...]
Obama plans to tax US companies’ $2tn profits held overseas at 19 per cent closing loophole February 1, 2015 US companies could face a larger than expected tax bill after Barack Obama revealed plans to tax the foreign profits they hold overseas at a rate of 19 per cent. In the US President’s budget, due to be announced this week, a new one-off 14 per cent rate of tax on the estimated $2tn of [...]
State of the Union hints at Obama’s lame duck term January 22, 2015 There has been a growing trend in the State of the Union address the President gives each year. He stands before Congress and begins to alternate between populist appeals, personalised stories, and non-starter policy proposals. This year was no different, although there is a possibility that a couple minor changes may be made. Little of [...]
State of the Union: Barack Obama’s populist tax hikes will hit US investment January 21, 2015 In his State of the Union Address, President Obama proposed raising the top tax rate on capital gains and dividends to 28 per cent from the current rate of 24 per cent. This is up from 15 per cent when Obama took office. Part of the increase came from a 3.8 per cent tax on [...]
Barack Obama’s State of the Union address: “The shadow of crisis has passed” January 21, 2015 It was a triumphant moment for Barack Obama last night, when he stood up to tell his country "the shadow of crisis has passed". His closely-watched State of the Union address followed months of strong growth in the US economy – in stark contrast to its neighbours across the Atlantic. In a speech firmly designed [...]
Did North Korea hack into Sony Pictures? Obama considers putting Pyongyang back on terror list following release of private emails and film script December 21, 2014 In 2008, the White House took North Korea off its terrorism watch list when Pyongyang agreed to a full verification of its nuclear sites. Until that point, the country's covert attitude had led to suspicion in the West that the sites were being used to develop nuclear weapons. But now the US is considering reversing [...]
US President Barack Obama and Cuban President Raul Castro to end trade embargo after 50 years December 17, 2014 US President Barack Obama has just announced the end of the longest-standing trade sanctions in US history, as part of a ground-breaking thaw in relations with Cuba. The two long-time enemies, which sit on the opposite ends of the political spectrum, have agreed to “open economic and travel ties”, the most significant improvement in [...]
How to destroy Islamic State: What Obama could learn from Wall Street November 17, 2014 TWENTY years ago, I sat on Wall Street as an expectant, newly-hired investment banker, being trained in the arts (although there was some science involved) of corporate finance, bond maths, and company valuations. One phrase from a shouty lecturer remains imprinted on my mind to this day. “Life’s just a stream of cashflows,” he bellowed [...]