Reparations won’t fix climate change November 18, 2024 Wrong-headed demands that every single person in the rich world should pay $1000 a year in climate reparations will squeeze aid funding and do nothing to advance the green transition. The money would be better spent on R&D to drive down the cost of renewables, says Bjorn Lomborg The UN climate summit in Azerbaijan is [...]
Peers want to force Chagos Islands referendum to stop handover deal November 16, 2024 A group of Lords wants to force a referendum over the handover of the Chagos Islands, in a move that could delay the treaty from taking effect until after Donald Trump takes office. Lord Bellingham is leading a group of peers who plan to introduce an amendment to the treaty when it reaches the House [...]
UK turning away from EU ‘socialism’ would spur Trump on trade deal – adviser November 16, 2024 Donald Trump would be more willing to clinch a free trade agreement with the UK if it turns away from the EU’s “socialism” and towards a US model, a senior economic advisor to the president-elect has said. Stephen Moore, who is advising Trump as he prepares for office, said the UK “has to choose” between [...]
Dear sport leaders, drop the slogans if you’re not going to be a force for good November 16, 2024 As the world watched the final votes being counted in the US election, one person in particular should have been nervous about Donald Trump’s victory: Fifa president Gianni Infantino. Infantino had previously claimed that the upcoming 2026 World Cup was “a rallying cry […] a moment when three countries and an entire continent collectively say: [...]
Bank of England boss touts benefits of free trade as Trump tariffs loom November 14, 2024 With protectionism coming back into fashion around the world, Bailey owned up to being an "old-fashioned free trader at heart".
Investors should think before reacting to the US election result November 14, 2024 The US election result isn’t just about America – but UK businesses and investors shouldn’t respond in haste, says Jane Booth The dust is still settling after a major few weeks of political events, from the publication of the UK’s Autumn Budget to the election of the 47th President of the United States. It’s been an [...]
Which FTSE 100 companies are most exposed to Donald Trump? November 14, 2024 The FTSE 100 has dropped by more than one per cent following the election of Donald Trump as US president, hitting a three-month low earlier this week. Meanwhile, the S&P 500 has been soaring, leading to a clear divergence between the two indexes. While not all of the poor performance of the FTSE 100 can [...]
Whisky Business: Scotch Whisky exports take a hit November 14, 2024 City AM’s monthly look at trends in the world of Scotch Whisky. Scotch Whisky is one of the UK’s most successful sectors, but it’s facing increasing headwinds from challenges both at home and overseas. According to the Scotch Whisky Association (SWA), the value of Scotch exports topped £5.6bn in 2023, supporting 66,000 jobs across the [...]
Trump Turnberry on its incredible festive packages November 14, 2024 Nic Oldham, is general manager at Trump Turnberry, the only resort in the UK to receive the Five Star Rating from Forbes Travel Guide, and one of only two hotels in Scotland this year to be rated Five Star in the guide. We chatted to him about the special festive packages on offer and what [...]
Sterling hits lowest level since July as Trump victory dents the pound November 14, 2024 "The FX market tends to concentrate on one theme at a time, and right now that is dollar dominance," Kathleen Brooks, research director at XTB said.