After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Brexit vote is “a one way ticket” says David Cameron, as polls show boosted support for Remain camp June 19, 2016 Prime Minister David Cameron has sought to play up the irreversible nature of a vote to leave the EU, describing Brexit as a step “with very bad consequences”. Speaking to The Sunday Times, Cameron said there would be “no going back” after a vote to Leave later this week, arguing that re-joining the EU would [...]
EU referendum: IMF says an acrimonious Brexit would spark recession and permanently knock UK economy June 18, 2016 The economy could be plunged into recession, unemployment would jump and wages tumble if the UK votes to leave the European Union, the International Monetary Fund (IMF) has warned today. In its latest assessment of the dangers of walking away from the EU, the IMF said the consequences would be “negative and substantial” while household incomes would [...]
BP says natural gas overtakes coal as dominant US power source for the first time ever June 17, 2016 The world's largest economy burned more natural gas than coal for the first time ever last year. It coincides with a spate of bankruptcies within the embattled US coal industry, with embattled coal producers Peabody, Arch Coal, Patriot and Alpha Natural Resources all filing for bankruptcy in the last year. Spencer Dale, former Bank of England MPC [...]
A bank is close to replacing Waitrose as the main sponsor of English cricket June 17, 2016 Waitrose is set to be replaced as the main sponsor of English cricket by Royal Bank of Scotland (RBS) offshoot Natwest, reports have suggested. The supermarket announced in February that 2016 will be its last year as the main partner of the England and Wales Cricket Board (ECB). Today Sky News reported RBS was in advanced [...]
Bank of England becomes first central bank to launch a fintech accelerator June 17, 2016 The Bank of England has launched a fintech accelerator today to help startups with a plan to shake up central banking get the support and backing of Threadneedle Street. The Old Lady is the first central bank in the world to create such a programme, as it opens its doors to fintech firms working on [...]
Sterling soars and markets jump as EU referendum campaigns on hold June 17, 2016 Sterling has risen against the dollar and the FTSE 100 is back above 6,000 points this morning, as the markets respond to the death of Jo Cox, and the EU referendum campaign takes a pause. The pound climbed to $1.4301, up 0.7 per cent overnight, as market chatter and hearsay suggested traders believe the suspension [...]
With the Bank of England warning of a sharp fall in sterling, would leaving the EU be a buying opportunity? June 17, 2016 Jason Hollands, managing director of Tilney Bestinvest, says Yes. A Leave vote will likely lead to a knee-jerk reaction in the markets, led by a sharp slide in sterling. However, far from hitting the panic button, I would see an indiscriminate slide in UK equities on the back of a Leave vote as a potential buying [...]
Two-thirds of the British public say they have little or no faith in George Osborne’s ability to run the economy, according to a new poll June 16, 2016 Two-thirds of the British public say they have little faith in chancellor George Osborne's ability to run the economy, according to a new poll. Figures from polling agency BMG show that 66 per say they have “almost no” or “only a little” faith in the chancellor, while 42 per cent say they don’t know enough about his opposite [...]
Mark Carney scraps original Mansion House speech after death of Jo Cox June 16, 2016 Governor of the Bank of England Mark Carney will not deliver his planned Mansion House speech this evening after Labour MP Jo Cox died following an attack in her West Yorkshire constituency office this afternoon. Carney was expected to use his annual address – a fixture of the City’s financial and social calendar – to talk about [...]
Ukip’s “Breaking Point” poster condemnded by Remain campaigners as “dishonest and immoral” June 16, 2016 A group of cross-party MPs have hit back at a poster unveiled by Ukip on immigration, which states the UK is at "breaking point" due to migrants. MPs jointly slammed Ukip for the poster, which appeared to focus heavily on migrants from North Africa and the Middle East, rather than other EU nations. "Just when you thought leave [...]