UK must cut public deficit January 26, 2011 BRITAIN must stick to its deficit reduction plan, the head of the Organisation for Economic Co-operation and Development (OECD) said yesterday, speaking from Davos. Asked if Tuesday’s negative GDP figures should prompt a rethink of the deficit cuts, secretary general Angel Gurria piled support on David Cameron’s coalition government. “No, they should stay the course,” [...]
Female quota has little impact January 26, 2011 A QUOTA imposed on top companies at Davos insisting that one of their five delegates is female has made a minimal impact so far, mirroring slow boardroom progress on diversity. The World Economic Forum said the scheme more than doubled participation of female executives from its key partners, although women still only made up around [...]
Events January 26, 2011 DAVOS: THURSDAY 27 JAN French President Nicolas Sarkozy will give the opening address in the Congress Centre. 7.30am in the Belvedere Hotel: BCG-CII breakfast session, with BCG CEO Paul Buerkner speaking. 7.30am in the Belvedere: Swiss Re hosts a roundtable on solutions to ageing, good security and natural disasters. NASDAQ OMX hosts an opening bell [...]
Graduates start to look East January 26, 2011 Always do what you are afraid to do”. American poet Ralph Waldo Emerson believed this was the best advice to give to youngsters. With increasing competition for highly paid graduate jobs and the hyperbolic reputation of the City, it is understandable why starting your career in the Square Mile might be a fearful prospect. I [...]
New Year, new job opportunities, but be prepared January 26, 2011 January is often a time for those considering a new job, whether it’s for a fresh start or the result of a less than desirable bonus. Yet what is commonly presented to employers is an old CV with recent experiences tacked on – this is not a positive start. I’ve seen thousands of CVs that [...]
Four ways to better decisions January 26, 2011 MAKING decisions is one of the most important parts of any job. In a new book called The Decision Book, two Swiss academics have outlined 50 models to help sharpen up your strategic thinking. Here are four tools for making better decisions. 1. The Eisenhower Matrix. US president Dwight D Eisenhower said that “the most [...]
Property’s mixed prospects in 2011 January 26, 2011 PROPERTY price indices suggest house prices are falling again, but what are the prospects for home owners and property investors? UK house prices fell 0.9 per cent in the final three months of 2010 and were down 1.3 per cent between November and December, the Halifax index shows. Some analysts expect them to fall further, [...]
Cheery US data helps fuel a rebound for British markets January 26, 2011 BRITAIN’S top share index bounced back yesterday on hopes for stronger global growth after an upbeat speech overnight by US President Barack Obama and positive US housing data. The FTSE 100 closed up 51.50 points, or 0.9 per cent, at 5,969.21, after falling 0.4 per cent on Tuesday following news Britain’s economy shrank 0.5 per [...]
S&P hits highest level for 29 months January 26, 2011 THE S&P 500 closed at a 29-month high yesterday led by gains in tech and commodity shares, as investors largely ignored the US Federal Reserve’s lukewarm economic assessment. The stock market had little reaction to the Fed, which said high unemployment still justifies a $600bn bond-buying programme that has helped equities rally in the last [...]
Barclays hit by FSA fine of over £1m January 26, 2011 BARCLAYS has been handed its second fine in two weeks by Britain’s financial watchdog, after it was found to have breached rules on handling clients’ money. The bank’s investment arm, Barclays Capital, has been made to pay £1.12m by the Financial Services Authority (FSA) for failing to protect and segregate clients’ money on an intra-day [...]
