If Chequers falters, the answer to Brexit is the EEA, not no-deal September 18, 2018 The Prime Minister has come out fighting this week, announcing both to the Conservative party and to the country that it is her Chequers deal for Brexit, or no deal at all. Her efforts should be supported. Brexit requires a pragmatic, economically realistic, and constitutionally secure solution, so I support the government’s endeavours to reach [...]
Former Barclays trader Jay Merchant jailed for Libor rigging deported to India September 18, 2018 One of the first bankers jailed for Libor rigging has been deported to India, City A.M. can reveal. Indian-born Jay Merchant was the most senior of a group of Barclays bankers sentenced for manipulating the benchmark – used to set borrowing rates for trillions worth of loans and derivatives – following an 11-week trial at Southwark [...]
Tech stocks hit as Trump mulls fresh $200bn tariffs on China September 18, 2018 The Trump administration late last night ratcheted up its trade war with China by imposing tariffs on $200bn (£152bn) more of the world’s second largest economy’s goods starting next week. The tariffs will start at 10 per cent, rising to 25 per cent on 1 January, allowing US companies some time to adjust their supply [...]
Tesla takes a hit after Saudi fund invests $1bn in rival Lucid Motors September 17, 2018 Tesla shares dipped this afternoon after Saudi Arabia's sovereign fund pumped $1bn into rival Lucid Motors. Shares fell by two per cent today after it was revealed that the Public Investment Fund of Saudi Arabia (PIF) would help launch the Silicon Valley company's first electric vehicle, the Lucid Air, in 2020, but recovered to $300 later in the afternoon. Read more: [...]
Brexit: EU has let ‘cat out of the bag’ over Irish border solution, claims Theresa Villiers September 17, 2018 The EU has been accused of letting the "cat out of the bag" after a leaked Brussels document suggested technology could solve the Irish backstop issue in the Brexit talks. It has been reported the EU chief's negotiator Michel Barnier is prepared to accept technology could be used to monitor goods moving between Northern Ireland and mainland [...]
Fiddling while America burns? Trump is today’s emperor Nero September 17, 2018 America was ablaze this summer. At one point in August, there were more than a hundred major active wildfires burning, as global temperatures soared to record highs. Meanwhile, the US President was rolling back climate regulations and undermining international efforts to slow down global warming. Donald Trump, claimed former Obama adviser David Axelrod, “is literally [...]
Trump reportedly set to announce new tariffs on China September 16, 2018 US President Donald Trump is preparing to announce new tariffs on imports from China worth $200bn (£153bn), according to reports. Tariffs of around 10 per cent will be imposed on electronic goods such as internet technology products, printed circuit boards, and other electronics, the Wall Street Journal reported, citing White House sources. A decision could [...]
Sports Direct denies reports Mike Ashley may block sale of Debenhams’ Danish arm Magasin du Nord September 16, 2018 Sports Direct have this evening denied reports its boss Mike Ashley is attempting to block a sale of Debenhams' Danish business Magasin du Nord. Reports suggested Ashley had threatened to halt the £200m of the business by Debenhams, in which he already has a 30 per cent stake, in the hopes of forcing the business into [...]
Theresa May ‘irritated’ by talk of leadership challenges September 16, 2018 Prime Minister Theresa May has said she gets “irritated” by speculation about her position as leader of the Conservative Party, as she heads towards a crucial crunch meeting with EU leaders later this week. In an interview to mark six months until Britain is due to leave the European Union, May slapped down former foreign [...]
London mayor Sadiq Khan joins calls for second referendum on Brexit September 16, 2018 The mayor of London, Sadiq Khan, has joined calls for a second referendum on the UK’s membership of the European Union, claiming the Conservative Party has been left with only “incredibly risky” options for Brexit. Khan, one of the Labour Party’s highest-ranking politicians, wrote in The Observer that an opportunity for the “best possible” Brexit [...]