ECB should issue digital euro, say Christine Lagarde October 2, 2020 The European Central Bank (ECB) should issue a digital euro in addition to banknotes and coins, according to its boss Christine Lagarde
Coronavirus: US President Donald Trump and wife Melania self-isolating after testing positive for Covid-19 October 2, 2020 The US President Donald Trump and his wife Melania have tested positive for Coronavirus
Investors stuck in Woodford fund face further repayment delays September 30, 2020 Investors stuck in Neil Woodford’s collapsed flagship fund have been dealt a further blow as administrator Link was today unable to reveal when the wind-up will be completed. Today Link warned that some of the remaining assets, which are currently worth £288m, will not be released until mid to late next year. So far £2.45bn [...]
Shut up man!: Donald Trump and Joe Biden lock horns in first US presidential debate September 30, 2020 Donald Trump and Joe Biden were in a bitter contest in the first US presidential debate. Did anybody come out a winner?
Measures to suppress Covid-19 are causing untold damage to students and young people September 30, 2020 The motto of the Young Money Blog is “don’t get mad — get informed”. But in recent weeks and months, I’ve found it hard not to get mad. As we try to head into an uncertain and bleak winter, emergency laws designed to curb the spread of Covid-19 are fast becoming a moral and economic [...]
The clock is ticking for Oracle to make sense of the TikTok deal September 29, 2020 What does the world’s largest enterprise software firm see in a Chinese video-sharing social networking app? Putting the intense political pressure by the US government to make this deal work to one side, the two businesses seem like chalk and cheese to hard-nosed City investors. One company is a behemoth known for serving the corporate [...]
Brand Trump is keeping Candidate Trump in the race for the White House September 29, 2020 Scandals and appalling press are usually bad news for politicians. Before the presidential era of Donald Trump, it was a given that major missteps, major insults to large groups of the population (especially the military), breaking the law, or being impeached were close to terminal for US presidents. It’s fair to say that President Clinton [...]
Christine Lagarde’s peace at risk as European Central Bank split over virus plan September 28, 2020 European Central Bank (ECB) policymakers are increasingly divided over how to steer the economy through a second wave of Covid-19, threatening President Christine Lagarde’s hard-won peace, Reuters conversations with eight ECB insiders show. Lagarde has managed to end the public infighting that left the ECB in disarray in the final months of Mario Draghi’s tenure [...]
The Supreme Court fight is a policy revolution, lying on top of surprising US political stability September 28, 2020 On its face, the events surrounding the 2020 American election seem too far-fetched even for the most preposterous Netflix series. We have had a pandemic of biblical proportions, riots in the streets, two fascinating (if deeply-flawed) protagonists, and a polarised, volatile electorate lurching from the populist left to the populist right, and no doubt back [...]
We must find a new way of funding Transport for London September 25, 2020 London without the tube would be like the Shard without any lifts. And, just like the lifts in the Shard, it costs pretty much the same amount of money to run the tube every day, regardless of how many people use it. But unlike the lifts in the Shard (and unlike any comparable metro system [...]