Hong Kong protests: Teachers march against police brutality August 17, 2019 Further protests are under way in Hong Kong as thousands gather to march through the city’s streets for a tenth consecutive week. On Saturday morning, teachers gathered dressed all in black in the city’s central district before marching toward the home of Hong Kong leader Carrie Lam in protest at the police brutality shown against [...]
German finance ministry warns no-deal Brexit a ‘high probability’ August 17, 2019 The German government believes there is a “high probability” that a no-deal Brexit will occur on 31 October. An assessment made by the finance ministry came to the conclusion it is “inconceivable” that Prime Minister Boris Johnson softens his stance on the Irish backstop. Read more: Corbyn fails to drum up support for plan to [...]
US and European stocks buoyed by ECB rate cut expectations August 17, 2019 US and European stocks soared on Friday as expectations the European Central Bank will cut interest rates rose, helping the dollar to hit a two-week high against the euro. The dollar was also aided by promising data that showed a jump in US homebuilding permits to a seven-month high. Read more: US stock markets jump [...]
US to extend Huawei license to buy American goods for 90 days August 17, 2019 The US is set to extend a reprieve given to Huawei that allows the Chinese tech firm to buy supplies from US companies so that it can continue serving existing customers. The “temporary general license” will be extended for a further 90 days, according to Reuters. Read more: Chinese forces exercise on Hong Kong border [...]
Chancellor Javid to ‘simplify’ the tax system in autumn budget August 17, 2019 Chancellor Sajid Javid has suggested he will simplify the tax system when he sets out his first budget in the autumn. Javid said he was a “low tax guy” and that it was important to “always be thinking about the lowest paid” in his first interview since taking on the role, speaking to The Times. [...]
Hong Kong economy grows less than expected as recession fears hit August 16, 2019 Hong Kong’s economy grew less than expected at just 0.5 per cent year-on-year for the second quarter, the government revealed on Friday. It comes amid growing tensions between the US and China as the trade war rumbles on and on the back of continued unrest in the financial hub, igniting fears it could tip into [...]
Ted Baker to ditch Debenhams for Next on children’s clothing range August 16, 2019 Ted Barker is set to end its deal to sell its children’s clothing range at Debenhams’ stores in the latest blow to the department store chain. Instead, Ted Baker will team up with Next, who are going to “create and sell” Ted Baker-branded clothes, shoes and accessories for babies and children. Read more: Ted Baker [...]
PwC awarded £16.5m contract to manage Northern Rock remaining assets August 16, 2019 PwC has been awarded a contract worth £16.5m to manage the government’s remaining assets in Northern Rock. It comes 12 years after the accountancy firm was criticised for being complacent in its audits of the failed lender, which collapsed in 2007. Read more: Moody’s forecasts fast growth for Islamic banking in next five years PwC [...]
UK weather warning in place as month of rain to fall on Friday August 16, 2019 The UK looks on course for its wettest August on record following a washout start to the month that is set to continue. New flood warnings have been issued across the west of Britain for Friday with a month’s worth of rain expected to fall within a 24-hour period. The Met Office have issued a [...]
Arsenal and West Ham among latest Premier League clubs proving why a director of football is now necessary August 15, 2019 They go by a number of titles, working tirelessly throughout the transfer window to recruit the best players and maximise value. Whether labelled as sporting director, director of football or something else, the responsibilities are similar. The position is a growing phenomenon in England, and in some instances those in the role are becoming cult [...]
