After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Goodbye, €500 note. We hardly knew you May 4, 2016 The €500 note will be withdrawn from circulation by the end of 2018, the European Central Bank (ECB) confirmed this afternoon. The violet-coloured note, dubbed the "Bin Laden" in parts of the Eurozone because of how rarely it is spotted in everyday life, is one of the highest value notes in circulation anywhere in the world. Its design features [...]
EU referendum: Brexit would mean higher inflation and more quantitative easing May 4, 2016 The Bank of England may have to extend its bond-buying quantitative easing programme if the UK votes to leave the European Union, an asset management firm has said today. Hermes Investment Management warned that Brexit would cause the pound to fall – potentially to around $1.20 – and growth would be hit, putting the Bank of England [...]
Mindfulness: Why it matters to business more than you think – and a taster exercise anyone can try May 4, 2016 Historically, the majority of leadership development has focused on tangible areas such as leadership competencies, skills and behaviours – what we call a “cognitive approach to learning”. These are all clearly very important, but they are not the whole story. Emotional learning matters. Consider, for instance, someone who is almost exclusively bound to the technical [...]
Leicester City: Claudio Ranieri sets sights on 10th after historic Premier League triumph May 3, 2016 Leicester City manager Claudio Ranieri has downplayed his team's chances of retaining the Premier League trophy, less than 24 hours after they secured the title. The Foxes' 12-month transformation from relegation fodder to champions of England was completed on Monday night after Tottenham failed to beat Chelsea. Their triumph has already gone down as one [...]
Businesses rattled as latest survey points to an economic slowdown May 3, 2016 Business confidence has plummeted during the last few months due to severe volatility on the financial markets, the approaching EU referendum and the introduction of the national living wage, according to a new survey out today. The latest confidence monitor from the Institute of Chartered Accountants in England and Wales (ICAEW) and Grant Thornton, fell [...]
Bank of England warns UK’s largest lenders they will pay the price for ending “too big to fail” April 29, 2016 The Bank of England has told the UK's largest lenders that ending the era of "too big to fail" will make it more expensive for them to do business. There will "inevitably be higher costs" for banks as a result of the new regulatory requirements being placed upon them, Jon Cunliffe, deputy governor for financial [...]
Bank of England: Yes, there was a mortgage stampede in March April 29, 2016 The final – and perhaps most definitive – proof that mortgage lending surged in March has been published by the Bank of England this morning, showing just how much tax changes distorted the property market. After a string of industry reports said that investors and landlords rushed to snap up houses before the three per cent [...]
EU referendum: Governor of the Bank of England Mark Carney says risks around the EU referendum are the biggest facing the UK economy April 28, 2016 Risks surrounding the EU referendum are the biggest that face the UK's economy, the governor of the Bank of England has warned. Mark Carney said that while the economy is generally performing "pretty well", in the short term it appears to be slowing, which is likely to be related to issues around the referendum. "Our [...]
Confidence across Europe is on the up – except in the UK April 28, 2016 After a bleak start to the year, things are looking up in the Eurozone, according to the latest confidence indicators out this morning. For the first time in 2016, the economic sentiment indicator – the EU's official measurement of the feel-good factor across the continent – went up instead of down. Read more: These economists [...]
Corbyn-backing Sadiq Khan would be a disaster for London’s thriving economy April 28, 2016 When it comes to business, London’s mayoral election matters for the whole country. Britain’s economy is deeply interconnected. A startup in Bristol will hire a design agency in Soho to help them market their product online; a Leeds manufacturer will draw on finance and legal advice from firms in the City. For better or for [...]