Amanda Staveley slashes £1.6bn claim against Barclays in half, High Court hears October 12, 2020 Financier Amanda Staveley has cut her £1.6bn damages claim against Barclays by more than half, the High Court heard. Staveley’s private equity firm, PCP Capital Partners, is claiming a loss of around £660m from the bank, according to PCP’s closing statement. Lawyers for Barclays said PCP was now claiming a maximum of £771m, down from [...]
Nobel Prize in economics: What is auction theory and why is it important? October 12, 2020 US academics Paul Milgrom and Robert Wilson have won the 2020 Nobel Prize in economics for their groundbreaking work on the theory and practice of auctions. Milgrom and Wilson, 72 and 83 respectively, are both professors at Stanford University in California. They will split the 10m krona (£850,000) prize and each receive a gold medal. [...]
Almost unnoticed, Europe hurtles into decline October 12, 2020 The string is almost played out. Despite a generation of frantically trying to change the subject — be it by focusing on their own arcane (and very boring) institutional struggles, the problems of other countries (usually the US), or fatuously announcing that every obvious setback is merely a chance to move “the project” of European [...]
Consumers satisfied with pub and restaurant safety, sector insists ahead of new restrictions October 12, 2020 Most consumers have been satisfied with safety measures in pubs, bars and restaurants since lockdown lifted, the hospitality sector insisted ahead of new restrictions expected to be announced this evening. A survey of more than 200,000 customers found that 86 per cent were satisfied with precautions put in place and 88 per cent were pleased [...]
Childcare, chores, and stereotypes: Breaking down the barriers to female entrepreneurship October 12, 2020 The Covid-19 pandemic has wreaked havoc on our economy. GDP has dropped by 20 per cent, and 7.5m people are out of work, with more job losses on the horizon. While business failure rates are currently low, as government support packages begin to be withdrawn we should expect to see more companies fold — and [...]
PM to launch ‘Office for Investment’ in a bid to lure foreign investors October 12, 2020 The Prime Minister will reportedly launch a new Downing Street operation to secure foreign investment for infrastructure projects amid the UK’s economic recovery. Number 10 is working on a new “Office for Investment” which will be tasked with identifying and coordinating major infrastructure initiatives, according to Sky News. Chief among these projects will be delivering [...]
Coronavirus: Central London footfall picks up despite threat of tighter restrictions October 12, 2020 Coronavirus: Central London footfall picks up despite threat of tighter restrictions
Collapse of global digital tax talks could cost $100bn, OECD warns October 12, 2020 The global economy could shed more than one per cent of output if international talks to rewrite cross-border tax rules break down and trigger trade wards, the OECD warned today. Nearly 140 countries agreed last week to extend talks on the first major rewriting of cross-border tax rules in a generation to mid-2021 after the [...]
Revealed: The highest paid graduate finance roles in Europe October 12, 2020 Graduates who land highly sought after roles in finance could be paid as much as £43,797, a new survey has found.
UK house prices stage rapid recovery in third quarter October 12, 2020 House prices enjoyed their strongest quarterly increase since before the financial crisis in the third quarter as lockdown restrictions eased. Prices rebounded quickly in the third quarter after the broadbased closure of the market during the previous quarter. Prices rose 3.3 per cent in the three months to September, according to the Halifax Property Index, [...]
