After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
How Brexit will hit investment portfolios: What (little) we know so far May 18, 2016 The Bank of England and the International Monetary Fund both issued stark warnings last week about the EU referendum and the potential impact of Brexit. In a report, the IMF said that a Leave vote could have a “negative and substantial” long-run effect on UK output and incomes. Later, IMF managing director Christine Lagarde added [...]
CMA hoping to cut banks’ overdraft charge revenue by as much as half May 17, 2016 The CMA is hoping to halve the amount of money that banks make from overdraft charges following the publication of its provisional decision on remedies. The papers, published yesterday, show that the CMA is hoping to make it easier for account switching to take place through technology, while also requiring banks to set a maximum charge [...]
Aston Villa exodus continues: Former FA director Adrian Bevington leaves club after less than two months May 17, 2016 Former FA director Adrian Bevington has become the latest high-profile figure to leave Aston Villa after less than two months with the club. Bevington's departure from his advisory role follows the resignations of former Bank of England governor Sir Mervyn King and ex-FA chief David Bernstein from the board. The relegated club, who suffered the worst Premier League [...]
Inflation rate falls to 0.3 per cent in April due to cheaper clothes and air fares May 17, 2016 Inflation was running at 0.3 per cent in April, figures out this morning from the Office for National Statistics (ONS) have shown, denting the trend of slow-and-steady price rises since the start of the year. The headline consumer prices index (CPI) rate fell back from 0.5 per cent in March and is now in line with figures [...]
EU referendum: Shadow chancellor John McDonnell says Labour key after debate brings out worst of Westminster May 17, 2016 The referendum campaign has "brought out the worst in Westminster politics", shadow chancellor John McDonnell has said.. Speaking at the TUC in London, McDonnell argued against the use of the tactics employed by both sides on the campaign so far, adding that Labour can save the debate. Instead of focussing on project fear, he said that Remain [...]
EU referendum: Remain leads as Leave camp continues infighting May 17, 2016 With over five weeks to go until the UK votes in the EU referendum, Remain continues to lead, as the Leave campaign continues to fight itself. Some 55 per cent of people support Remain, according to the latest ORB poll, a four per cent rise, while 40 per cent back Leave, a three per cent drop. [...]
Job vacancies fall in April due to National Living Wage May 17, 2016 UK companies are hiring less staff due to the National Living Wage, a new report has concluded. The higher minimum wage was introduced on 1 April and means workers aged 25 and above must be paid at least £7.20 an hour, which equates to a pay rise for 1.3 million workers this year, according to [...]
Christine Lagarde is wrong: Here are four economic positives from Brexit May 17, 2016 IMF chief Christine Lagarde said last week she has “not seen anything positive” about Brexit in terms of economics. Even for the head of a global body which we might expect would dislike major political disruption to the international order, and a good friend of the chancellor, this shows a remarkable lack of imagination. Suffering [...]
Five things you should know about Brexit and your finances May 17, 2016 Six weeks to go before the Europe referendum on 23 June and both sides are campaigning hard. Boris Johnson says the only safe option is to leave, while Bank of England governor Mark Carney cautions that it’s a dangerous choice, as everything from employment to food prices will be affected. We take a look at the [...]
British banks are chalking out strategies to deal with Brexit fallout, says BoE’s Andrew Bailey May 16, 2016 Bank of England Deputy Governor Andrew Bailey is having “daily” conversations with British banks to chalk out coping mechanisms in the face of a Brexit. Analysts expect that Britain voting to leave the EU is likely to result in sterling losing up to a fifth of its value. "All the banks are looking at this [...]