EU spending on self-promotion sparks outrage August 11, 2015 THE EUROPEAN Union spent €664m (£536m) directly on publicity and communications in 2014, according to a new research paper from eurosceptic group Business for Britain. The spending came from budgets with a “primary purpose” of “promoting the EU and the political priorities of the union”, claimed a report published yesterday by the group. According to [...]
City Moves for 12 August 2015 | Who’s switching jobs August 11, 2015 BlackRock Jan Bratteberg has been appointed head of the investment management firm’s iShares business in the Nordics. He joins from BlackRock’s scientific active equity team, where he was co-head of strategy. Bratteberg has also held roles with Barclays Global Investors. Bank of Cyprus UK Nick Fahy has been appointed chief executive of the bank. He [...]
Top US stocks led down by drop at Apple – New York Report August 11, 2015 CHINA’S surprise currency devaluation hit companies with a big exposure to the country and added to worries about the global economic outlook, pushing stocks down yesterday. The Dow Jones industrial average fell 212.33 points, or 1.21 per cent, to 17,402.84, the S&P 500 lost 20.11 points, or 0.96 per cent, to 2,084.07 and the Nasdaq [...]
The wheels are falling off David Cameron’s EU renegotiation: It can still be saved August 11, 2015 Are the wheels falling off the government’s EU renegotiation? It’s a legitimate question to ask given that, in the Prime Minister’s first hundred days of leading a majority Conservative government, we have already seen a significant reduction in what David Cameron appears to be asking for and what he is likely to achieve. Despite having [...]
Keynesians are wrong: Cutting public spending can boost economic growth August 11, 2015 The key aim of George Osborne’s economic policy has been to eliminate the public sector’s financial deficit. The main way he has tried to achieve this has been by squeezing public spending. The orthodox economic textbooks maintain that this withdraws demand from the economy, and so leads to the growth rate being slower than it [...]
China’s shock devaluation is more about reform than its authorities panicking August 11, 2015 In a surprise move, China weakened its currency yesterday by setting the daily fix for the RMB 1.9 per cent lower, in its most significant devaluation since 1994. This has fuelled a great deal of speculation as to the reasons for this move and the ultimate implications for the Chinese economy and the rest of [...]
As Greece agrees a bailout deal in principle with its creditors, will the agreement last? August 11, 2015 Dr Holger Schmieding is chief economist at Berenberg, says Yes Alexis Tspiras has learned the hard way that Europe is not bluffing. When he let the old bailout deal expire at the end of June, the European Central Bank stopped feeding Greece and its banks with further euros. The resulting closure of banks, with pensioners [...]
Five of the best places to eat game August 11, 2015 Tom’s Kitchen Get your game on while looking out over the marina at St Katharine Docks, where Tom’s Kitchen will be serving up a whole roast grouse for two to share with pate en croute, game chips and plenty of bread sauce. tomskitchen.co.uk/st-katharine-docks Bluebird This Chelsea institution – known for its sprawling courtyard on the [...]
Car review: New Bentley Mulsanne Speed is silent but speedy August 11, 2015 We’ve all been there. You’ve booked to go to the theatre or a restaurant with friends and the day before, they cry off. This time it was down to a rugby tackle from a small child to the side of my friend’s knee. The result was strapping, crutches and a level of pain that rendered [...]
Why openness may be hurting your business August 11, 2015 Informing workers of executive issues could cause panic From compliance to corporation tax, transparency is increasingly expected of businesses. The advantages of openness are many, and it can lead to greater loyalty from both customers and colleagues. But there are also downsides to more radical forms of transparency, which may result in a fractured [...]
