After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
It’s Independence Day for Britain: Now the country needs to find a global role June 24, 2016 “You will think me transported with Enthusiasm but I am not – I am well aware of the Toil and Blood and Treasure, that it will cost Us to maintain this Declaration, and support and defend these States. Yet through all the gloom I can see Rays of ravishing Light and Glory. I can see [...]
EU referendum: FTSE 100 in partial recovery as billions wiped off bank shares June 24, 2016 More than £100bn was wiped off the FTSE 100 this morning as the bluechip index suffered a near record fall following the UK's decision to leave the European Union. The index dropped eight per cent in the first minutes of trading as stock markets looked on course for their worst day since the financial crisis. After 90 minutes of [...]
Angela Merkel: Europe will stand together June 24, 2016 German Chancellor Angela Merkel has echoed European Commission president Donald Tusk, saying Europe "will stand together". "The EU is one of the world's largest economic areas, a guarantor of peace and stability," she said. "We must engage with the world. I believe the world will stand united." Her words came after Tusk said he was "determined" to hold [...]
David Cameron’s resignation: Reactions from politicians, analysts and business lobbies in the wake of Brexit vote June 24, 2016 Following yesterday's 51.9 per cent vote in favour of Brexit, Conservative Prime Minister David Cameron has announced he will resign. Cameron said he will stay in office for a short spell, but has set a timeline for a new Prime Minister to be in place in October by the time of the Conservative Party conference. [custom [...]
City watchdog tells finance sector it’s business as usual for regulation post-referendum until government says otherwise June 24, 2016 The City watchdog has told the financial sector it should carry on complying with regulation as usual, until government decides otherwise. The Financial Conduct Authority (FCA) has today acknowledged that the decision to leave the EU has "significant implications for the UK", particularly given the sheer amount of financial regulation in the UK that originates [...]
Here’s how Brexit will affect house prices, according to experts June 24, 2016 It's official: we're out, after almost 52 per cent of the UK population voted in favour of Brexit. There had been conflicting views of how a vote to leave the EU would affect house prices before the referendum took place, with some suggesting a falling pound would cause foreign buyers to flock to the UK property market, [...]
EU referendum: Markets expect Bank of England to cut interest rates after vote for Brexit June 24, 2016 Leading economists have predicted the Bank of England will need to cut interest rates this summer to prop up the UK economy in the wake of the vote to leave the European Union. This morning, governor of the Bank of England Mark Carney told markets the Bank stood ready to do whatever is needed to support financial stability [...]
EU referendum: Bank of England offers banks £250bn in emergency funds June 24, 2016 The Bank of England has made £250bn available to UK banks to try to mitigate the market turmoil in the fallout from the UK's vote to Leave the European Union. Mark Carney said this morning the significant "backstop" would be put in place to "support a functioning market", adding that the Bank would not "hesitate [...]
How the big banks are reacting to Brexit: Thousands of UK jobs feared to be at risk June 24, 2016 Thousands of banking jobs across London are at risk after the UK voted for Brexit yesterday. JP Morgan, HSBC, and Citibank have warned jobs would be moved in the event of a Leave vote. And other big banks are also understood to be considering shifting jobs from the UK depending on how Brexit negotiations pan out. [custom id="161"] [...]
EU referendum: Bank of England to take “all necessary steps” in wake of Brexit vote June 24, 2016 The Bank of England will take "all necessary steps" to protect the financial markets in the wake of the vote to leave the European Union, it confirmed this morning, in its first intervention since the result of the referendum became clear. In a statement issued at 7am this morning, Threadneedle Street said: The Bank of England [...]