After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
IMF head Christine Lagarde backs up Mark Carney in battle over a Brexit recession May 13, 2016 Brexit could push the UK into recession, hit wages, lead to higher prices and shatter London's status as the financial capital of the world, Christine Lagarde, head of International Monetary Fund (IMF) has said today, in the second high-profile Brexit warning in as many days. With less than six weeks to go until the EU referendum, – described [...]
EU referendum: Brexit threat doesn’t explain economic woes May 13, 2016 June 24th will be a day of revelation. Depending on your perspective, London will either be freed from the shackles of a sclerotic European Union, or the fog of uncertainty will be lifted by a Remain vote, triggering a flood of welcome investment. Those are the cheery viewpoints, at least. Striking a less positive note, Bank [...]
Carney ignites recession row with Brexit warning May 13, 2016 Bank of England governor Mark Carney sparked an intense political row yesterday after he said that a vote to leave the European Union could plunge Britain into recession. Former chancellor Lord Lamont slammed Carney’s “unwise” choice of words, while two Conservative members of the influential Treasury Select Committee – which is appointed by Parliament to [...]
Newcastle relegation Mike Ashley’s annus horribilis: Here’s what’s gone wrong for the divisive Sports Direct founder May 12, 2016 Mike Ashley's year has gone from bad to worse after Newcastle United were dumped out of the Premier League for the second time in his ownership on Wednesday night. Yet Newcastle's ejection from the riches of England's top tier into the same division as Burton Albion is only the latest in a series of damaging [...]
Former chancellor says Carney’s Brexit intervention could trigger an economic crisis May 12, 2016 Former chancellor of the exchequer Lord Lamont has warned Mark Carney that his Brexit warnings could spark an economic crisis. The Conservative politician, who is now part of the official campaign group, Vote Leave, said the governor of the Bank of England should choose his words more carefully as he dismissed Carney's claims that Brexit was the most significant risk [...]
EU referendum: Brexit could plunge UK into recession, claims Bank of England governor Mark Carney May 12, 2016 A vote to leave the European Union could plunge the UK into recession, Mark Carney warned today. The Bank of England governor said the the effects of Brexit "could possibly include a technical recession" as the Bank said a vote to Leave would lead to a "material" slowdown in growth, lead to higher unemployment and higher [...]
Carney’s warning of a Brexit recession sparks war of words between Threadneedle Street and former Chancellor May 12, 2016 The Bank of England has warned that leaving the European Union could trigger a recession, lead to a jump in inflation, higher unemployment and a “sharp” depreciation in the value of sterling. Threadneedle Street issued its most hard-hitting analysis of the likely effect of Brexit in the final Super Thursday before the referendum on 23 June, [...]
Royal Bank of Scotland to slash 200 UK jobs and shut branches May 12, 2016 Royal Bank of Scotland is planning to slash around 200 jobs from its retail unit, in the latest round of cuts to the lender's workforce as part of a wider restructuring of the business. The planned job losses, which were reported by Reuters, mean that RBS will have axed more than one in 10 positions at its [...]
Five things to look out for from Bank of England’s Super Thursday May 12, 2016 It's the fourth instalment of the Bank of England's Super Thursday today, and traders, wonks and campaigners are pumped for some fireworks from the Old Lady at lunchtime today. At 12pm, the Bank will unveil not only the latest decision of the rate-setting monetary policy committee (MPC), but the minutes from that meeting and its [...]
The monetary policy committee is a master of policy inaction May 12, 2016 Today’s number to remember is 86. That is how many monthly monetary policy committee (MPC) meetings will have passed without a change in interest rates, assuming one does not happen today. Of course, I could be wrong in expecting no change from the MPC – along with every other economist on the planet. When there [...]