Before the Bell: Volatility remains low but Trump faces impeachment vote January 13, 2021 Stock markets had a relatively quiet session yesterday as there wasn’t any major news to influence sentiment in one way or another. European stocks lost ground as Covid-19 case numbers played on traders’ minds. Several governments have tight restrictions in place in a bid to get a handle on the virus – which is having [...]
Republicans to break rank to vote for Trump’s impeachment January 13, 2021 A number of Republicans have said that they will break with their party and vote to impeach President Trump for his role in last week’s riots on the Capitol Hill. With eight days to go until the end of Trump’s term in office, lawmakers will today vote on a historic bid to throw the President [...]
Exclusive: UK eyes adding climate provisions in US trade talks to woo Joe Biden January 13, 2021 The UK will try to add new provisions on climate change and environmental standards in US trade negotiations in a bid to woo incoming President Joe Biden. Trade secretary Liz Truss wants to build on current negotiations with the Donald Trump administration and potentially add things like enhanced protections on air pollution and corporate transparency [...]
Trump brands social media ban ‘catastrophic mistake’ and defends pre-riot speech January 12, 2021 Donald Trump has branded his social media ban a “catastrophic mistake” as he refused to take responsibility for inciting riots at the Capitol last week. The outgoing president, who has been accused of inciting violence and is facing a second impeachment, today played down his role in the riots and attempted to blame Silicon Valley. [...]
Smart politicians will be looking to cities as a springboard for greatness January 12, 2021 For much of the second half of the 20th century, powerful city politics was dying. As the great industrial centres went into decline, so too did their once-proud corporations and mayors. County boroughs like Liverpool, Manchester, Birmingham and Leeds were gathered together in 1972 and melded into metropolitan counties like “Merseyside” or “West Midlands”, and [...]
Ousted Credit Suisse boss Tidjane Thiam to launch ‘blank cheque’ venture January 11, 2021 Former Credit Suisse chief executive Tidjane Thiam is said to be launching a so-called blank cheque firm, a year after he was ousted following a lurid spy scandal. Thiam is raising $250m (£185m) for a special purpose acquisition vehicle that will invest in financial services businesses across the globe. JP Morgan Chase is helping to [...]
Social media site Parler sues Amazon over account suspension January 11, 2021 Controversial social media site Parler is suing Amazon over its decision to pull support for the app. The so-called free speech app, which is popular among right-wing extremists, accused Amazon of violating antitrust laws by suspending its account. In a complaint filed in Seattle, Parler said Amazon’s decision to stop hosting the app was “apparently [...]
Democrats introduce article of impeachment against Trump January 11, 2021 Democrats in the House of Representatives have formally introduced an article of impeachment against US President Donald Trump over his role in the Capitol riots last week. The resolution contains a single article of impeachment charging the president with “incitement of insurrection”. It cites Trump’s comments at a rally shortly before his supporters stormed the [...]
Huawei set for year of transition amid ‘technological Cold War’ January 11, 2021 Huawei will likely transition towards software as a “technological Cold War” controls the hardware supply, shifting the company’s prospects for 2021, analysts have said. Harsh US sanctions on China have hit suppliers of chips, which are crucial to mobile phone production, and forced the tech giant to look to other avenues. Ben Wood, chief of [...]
Twitter shares slide following ‘problematic’ Donald Trump ban January 11, 2021 Twitter’s shares went into reverse this morning following the social media site’s decision to ban US President Donald Trump. The platform permanently suspended the president’s account over the weekend, stating that there was a risk of further incitement of violence following riots at the Capitol last week. “After close review of recent Tweets from the [...]