Fiscal cliff deal sparks a new year rally in US January 2, 2013 US stocks kicked off the new year with their best day in over a year yesterday, sparked by relief over a last-minute deal in Washington to avert the “fiscal cliff” of tax hikes and spending cuts that threatened to derail the economy’s growth. In 2013’s first trading session, the S&P 500 achieved its biggest one-day [...]
Fiscal cliff deal is no grand bargain to save the US from growing debts January 2, 2013 WHILE revellers in New York greeted 2013 with renditions of Auld Lang Syne, Washington reflected on a year of fierce partisanship and brutal campaigning. But as the country welcomed in the New Year, so too came hopes of a new era of bipartisan co-operation, after a cross-party agreement passed the House of Representatives and the [...]
London’s burgeoning skyline will complement expansion underground January 2, 2013 LONDON is emerging from recession as a beacon of hope for future British growth. It has the right mix of talents – in technology, creative industries, and finance – to establish a new benchmark for the few world cities that will dominate the next half-century. But it can also learn from past achievements to build [...]
Fiscal honesty has emerged from the US deficit debates January 2, 2013 MILLIONS of words have been written over the last few days about the US fiscal cliff. But few have regarded this long, slow and frankly tedious political process as in any way positive. I disagree. The drawn-out debate that preceded this week’s agreement is likely to be the best way for America to resolve its [...]
Is Sir Martin Sorrell right that corporation tax payments are a “question of judgement”? January 2, 2013 YES Steve Barclay As the public becomes increasingly aware of how much tax companies are paying, chief executives should be asking: “What impact will our tax affairs have on our brand?” Sir Martin Sorrell is right to acknowledge that Starbucks’s decision to pay £20m extra in corporation tax was motivated by the idea that “doing [...]
Rapid responses January 2, 2013 Groundhog year [Re: 2013 will prove the power of global events to shape our economic lives, yesterday] Mark Malloch Brown’s concerns about the Asia Pacific in 2013 are essential reading. As he correctly points out, problems in the Eurozone and the continuation of political impasse in the US have been priced into the markets. But [...]
Trained by Gandy January 2, 2013 ALONG WITH the smart phone revolution came the birth of the app. Nowadays we use them for everything from gaming and banking to music and editing photos but now, especially with the New Year in full swing, it’s all about fitness apps and UK model David Gandy is getting in on the action. Following the [...]
Start the new year in style January 2, 2013 It’s JANUARY; the time of year where we all make New Years resolutions that we won’t stick to and convince ourselves that this will be the year that we finally get rid of those extra pounds that we’ve been ignoring for longer than we’d care to admit. But January isn’t just a time for examining [...]
Obama’s race against time to save tax deal January 1, 2013 A LATE political truce over the US budget was thrown into doubt last night as Republican leaders threatened to quash President Obama’s plan to avert the so-called fiscal cliff. After warring politicians in the Democrat-controlled Senate passed a bill to avert a round of automatic tax rises and spending cuts, senior figures in the Republican-dominated [...]
London welcomes 2013 in style January 1, 2013 AFTER a spectacular 2012 full of celebrations – from the Diamond Jubilee to the Olympics and Paralympics, the capital yesterday kicked off the New Year in style with the 27th annual New Year’s Day Parade. Starting at Piccadilly and making its way down Whitehall to Westminster, the parade brought together more than 10,000 performers, including [...]
