Bank of England governor to visit China with Chancellor December 21, 2024 Bank of England Governor Andrew Bailey will accompany Chancellor Rachel Reeves to China next month, Sky News said on Saturday, a visit intended to revive high-level economic and financial talks that have been frozen since 2019. Sky News said Bailey was expected to hold talks with Pan Gongsheng, the governor of the People’s Bank of [...]
China accuses Britain of causing ‘trouble’ over spy linked to Prince Andrew December 17, 2024 The Chinese embassy in the UK has launched an incendiary attack on the British government today, saying London should stop causing “trouble” after it banned from Britain an alleged spy with links to Prince Andrew. Beijing’s representative in Britain issued its statement amid a furore over an alleged Chinese spy with links to the Duke [...]
Starmer’s diplomacy downplays “epic scale” of Chinese spying December 17, 2024 Yang Tengbo insists that he is not a spy and that he would “never do anything to harm the interests of the UK.” He was speaking yesterday after instructing his legal team to disclose his identity following the “high level of speculation and misreporting in the media and elsewhere.” Much of that reporting focused on [...]
Papua New Guinea to join NRL in £301m ‘diplomacy deal’ against China funded by taxpayer December 12, 2024 A team from Papua New Guinea will join Australian rugby league competition the NRL in a “diplomacy deal” that will cost the taxpayer £301m. It is understood the deal is part of an Australian push to counteract increasing Chinese influence in the Indo-Pacific and follows Australian support for Pacific island rugby union teams participating in [...]
French turmoil could be a boost for the City of London, says top lawyer December 3, 2024 Political turmoil in France and geopolitical tensions between China and the US are showcasing the UK’s status as an “independent financial centre” and destination for international IPOs, a leading capital markets figure has suggested. Mark Austin, a lawyer at Latham & Watkins who has masterminded many of the City’s reform efforts over the past two [...]
US funds soar in November while gold prices sink December 2, 2024 US-focused funds topped the charts in November following Donald Trump’s presidential victory, while gold and precious metal funds struggled to maintain their previously strong performance. The average North America-focused fund grew by 7.2 per cent throughout the month, with North American Smaller Companies growing by a whopping 11.9 per cent. This led the best performing [...]
Why the UK should follow Trump’s lead on tariffs November 29, 2024 Reliance on Chinese imports is a significant threat to UK manufacturing, implementing our own US-style tariffs could boost growth and create jobs, says Emma Parkinson The re-election of Donald Trump marks a seismic shift in global trade dynamics, particularly for heavy industries like steel. As Trump’s administration gears up to potentially impose substantial tariffs on [...]
Lagarde urges EU leaders to negotiate ‘not retaliate’ on Trump tariffs November 28, 2024 Christine Lagarde said that a global trade war was "in nobody's interest" and would likely lead to a "global reduction of GDP".
Chinese-owned MTR loses Elizabeth Line contract November 20, 2024 MTR will be succeeded by GTS Rail Operations Limited, a joint venture between the Go Ahead Group, Tokyo Metro and Sumitomo Corporation.
Starmer risks resurrecting Cameron’s failed China script November 19, 2024 The Prime Minister has been mingling with world leaders in Brazil, and while his government continues to face an array of domestic challenges (from tractor protests to debates on assisted dying) he has managed to pick up a hefty endorsement from one of the world’s most powerful people. “The new UK government is working to [...]