Lorries embark on no-deal Brexit test run to Dover January 7, 2019 Nearly 90 lorries took part in a no-deal Brexit test run this morning to help the government prepare for potential Dover traffic jams after the UK leaves the EU in March. The first wave of 89 lorries set off on the 20-mile journey between the disused Manston Airport and the Port of Dover at 8am, [...]
Brexit, ad fraud and #MeToo – what does the future year hold for the marketing industry? January 7, 2019 We are out of the cold December of 2018, and have now entered the, well, even colder January of 2019. Last year was a momentous one for the marketing industry – there was the fall and rise again of adland stalwart Martin Sorrell; the European Union’s General Data Protection Regulation (GDPR) finally came into force; [...]
Brexit uncertainty spurs financial services firms to shift £800bn in assets to EU January 7, 2019 Heightened uncertainty over the Brexit negotiations has driven London's financial services companies to move almost £800bn assets to Europe. Firms have continued to commit to move staff and assets away from London to Europe in a bid to protect clients and investors from the impact of leaving the bloc, according to EY. In its latest survey [...]
Forex 2019: Dollar rally to fade? January 7, 2019 | City Talk The course of 2018 saw a firming in the US dollar against just about every other currency. But the factors that contributed to this steady rise may be starting to diminish. The big question facing the FX markets this year is whether the dollar can continue to push higher or whether the softening in December [...]
Japanese billionaire businessman takes crown for most retweeted tweet January 7, 2019 A Japanese fashion billionaire has taken the crown for the most retweeted tweet of all time after receiving 4.5m retweets for a message he posted on the micro-blogging site on 5 January. Yusaku Maezawa, who founded Japanese online clothing retailer Zozo, also received 1.1m likes for his tweet and 293,000 comments. ZOZOTOWN新春セールが史上最速で取扱高100億円を先ほど突破！！日頃の感謝を込め、僕個人から100名様に100万円【総額1億円のお年玉】を現金でプレゼントします。応募方法は、僕をフォローいただいた上、このツイートをRTするだけ。受付は1/7まで。当選者には僕から直接DMします！ #月に行くならお年玉 pic.twitter.com/cKQfPPbOI3 — [...]
Tesla to break ground on Shanghai Gigafactory today, says Elon Musk January 7, 2019 Tesla shares rose at least four per cent today on the news that the company planned to break ground at its Shanghai Gigafactory and drive forward plans to build Model 3 electric vehicles in China by the end of the year. Initial construction of the $2bn (£1.57bn) factory will be completed this summer, Tesla chief executive Elon Musk [...]
Asian markets boosted as US officials land in China for first round of fresh trade talks January 7, 2019 US officials have arrived in China for the first round of talks between the two countries since a 90-day truce was called on their ongoing trade war at the start of December. Asian markets were optimistic the two could make a breakthrough on Monday, with the Nikkei jumping more than three per cent and smaller [...]
Government sets date for Brexit vote as MPs urge May to avoid no-deal departure January 7, 2019 The government is set to hold the delayed parliamentary vote on Prime Minister Theresa May’s Brexit deal on 15 January, it is reported. The original vote was scheduled for 11 December, but was delayed as parliamentary arithmetic made it clear that May’s deal faced a heavy defeat. Now, the BBC reports that the vote is scheduled to [...]
Trump strikes upbeat tone on talks with China ahead of crucial trade summit January 6, 2019 President Donald Trump reiterated his confidence in striking a trade deal with China this evening after insisting that weaknesses in Beijing’s economy gave the country incentives to work with the US. Ahead of crunch talks between US and Chinese trade representatives in Beijing later this week, Trump said: “I think China wants to get it resolved. [...]
Theresa May urges MPs to back her Brexit deal as crunch vote approaches January 6, 2019 Theresa May has issued another plea to MPs to back her Brexit deal, saying it is the only way to honour the result of the referendum and protect jobs. MPs will return to parliament tomorrow where they will be preparing for the second vote on Brexit, after the first was ceremoniously pulled by May in the [...]