Is Sir Roger Carr right that government must design an industrial strategy for UK growth? August 14, 2012 YES Ian Mulheirn Sir Roger Carr is right to highlight the symbiotic relationship between government and the market economy. But developing an industrial policy to boost the UK’s competitive edge is difficult. What seems like the wave of the future can quickly become a damp squib. We also need to be clear on the ground [...]
Rapid Responses August 14, 2012 Defending UK aid [Re: British aid policy is harming those it seeks to rescue, yesterday] Alan Oxley clearly has precious little grasp of British government aid policies. Far from ignoring innovation, as he asserts, last weekend’s hunger summit called for new and innovative ideas to tackle chronic hunger. We work closely with private companies like [...]
Less trendy Fiat Punto is revamped August 14, 2012 Fiat is on a roll with its little 500 and Panda city cars, both of which have been critical and commercial successes. But the problem with introducing cool, trendy little cars is that they can make older cars in the range suddenly look long in the tooth. So it is with the Fiat Punto, a [...]
Car talk August 14, 2012 Jaguar’s F-Type two-seater It feels as if we have been waiting forever. Thankfully Jaguar will show its new F-Type two-seater rear-wheel drive sports car at the Paris Motor Show on 27 September. The car will be launched in droptop form with a choice of three petrol engines – 340PS and 380PS versions of Jaguar’s 3.0-litre [...]
Coalition attacked by business lobby August 13, 2012 BRITISH businesses are increasingly frustrated at the government’s failure to address the recession and are planning to cut back on investment if policies keep being delayed or torn apart by infighting, the Confederation of British Industry has warned. The influential group has been supportive of the deficit reduction plan and schemes like Funding for Lending [...]
Rake narrowly clings on to easyJet chair August 13, 2012 SIR MICHAEL Rake has held on to his chairmanship of easyJet, after a rebellion led by founder Sir Stelios Hajj-Ioannou narrowly failed to garner enough support to oust him. Around 47 per cent of easyJet investors yesterday backed Stelios’s attempt to get rid of Rake, including the tycoon and his family’s 37.2 per cent holding. [...]
Greece sinks deeper into devastating depression August 13, 2012 GREECE’S battered economy shrank by an annual rate of 6.2 per cent in the second quarter of the year as it sank further into a devastating recession, data revealed yesterday. The figure came ahead of today’s GDP figures for France, Germany and the Eurozone. The Greek economy shrank by 6.5 per cent annualised in the [...]
Don’t fret: it’s not long until City A.M.’s own Olympics August 13, 2012 FOR many, yesterday was like the hangover one suffers after an excessive night out. The Games are over, the post-Games post mortem has begun. The arguments are many. How do we inspire children to take up more sport? What will happen to the Olympic Park once the Paralympics Games finish in a few weeks’ time? [...]
What the other papers say this morning August 13, 2012 FINANCIAL TIMES Emails tell of EADS payments fears Senior EADS executives were alerted five years ago about questionable payments made to Cayman Island bank accounts and lavish gifts given to the Saudi Arabian royal family and military by a British subsidiary that is now the subject of a criminal probe by the UK’s Serious Fraud [...]
StanChart boss in US to clear up Iran accusations August 13, 2012 STANDARD Chartered’s chief executive Peter Sands last night flew to New York to bolster his team, which is working to quickly settle accusations that the bank broke US financial sanctions against Iran. The bank says it has identified $14m (£8.9m) of trades in breach of the rules, while the authorities claim the figure is in [...]
