After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
With March’s inflation figures the strongest since 2014, should we be prepared for a rapid rise in the coming months? April 13, 2016 Andrew Sentance, senior economic adviser to PwC and a former member of the Bank of England’s Monetary Policy Committee, says Yes. Once again, deflation has been the dog which hasn’t barked in the UK. Inflation is gradually coming back. The headline rate is 0.5 per cent, but the underlying rate – excluding volatile food and energy [...]
With March’s inflation figures the strongest since 2014, should we be prepared for a rapid rise in coming months? April 13, 2016 Andrew Sentance, senior economic adviser to PwC and a former member of the Bank of England’s Monetary Policy Committee, says Yes. Once again, deflation has been the dog which hasn’t barked in the UK. Inflation is gradually coming back. The headline rate is 0.5 per cent, but the underlying rate – excluding volatile food and energy [...]
Blockchain: The president of the San Francisco Fed tells City A.M. why he’s excited about the distributed ledger technology April 12, 2016 RSCoin is the bitcoin alternative the Bank of England proposed to launch last month. Having its own digital currency would give the central bank a faster payments system, and more of an idea of what’s happening when and where within that system. Speaking to the president of the San Francisco Fed, John C Williams, at [...]
Pound jumps against the dollar as UK inflation figures beat expectations in March April 12, 2016 The pound jumped against the dollar this morning, after UK inflation for March beat economists' expectations, data released today by the Office for National Statistics (ONS) has shown. British consumer prices rose 0.5 per cent year-on-year in March, ahead of expectations for a 0.4 per cent increase, and up from 0.3 per cent a month earlier. Read more: Inflation basket [...]
It’s time for the FCA to build on its pro-innovation reputation April 11, 2016 Credit where it’s due. That the Financial Conduct Authority has chosen to make “Innovation and Technology” one of its seven priority areas for the year ahead, as revealed in its 2016-17 business plan recently, underlines why the regulator has a global reputation for its forward-thinking approach to technology. In an international marketplace for fintech innovation, [...]
EU referendum: One way Brexit could actually be good for UK fintech April 11, 2016 The UK's prospering fintech sector has been urged to speak up in favour of remaining in Europe ahead of June's referendum and largely backs staying. But, there could be one serious advantage to leaving the union, some experts suggest If Britain were to leave, there would be a greater opportunity for innovative technology startups to disrupt the world of [...]
This is the one special ingredient crucial to the UK’s fintech success April 11, 2016 Fintech is booming and London is at the heart of this global community. The Innovate Finance Global Summit at London’s Guildhall today has attracted over 1,200 business leaders, politicians, and pundits from around the world to discuss the big trends in fintech. Here is our perspective on why it’s booming – and why so many people have joined come to [...]
London Mayoral Election: Zac Goldsmith presses for cuts to tax and red tape April 11, 2016 Zac Goldsmith is pledging to support further cuts to corporation tax if he becomes mayor of London today as the Richmond Park MP launches his mayoral manifesto. The Conservative candidate for mayor will also seek to set himself apart from Labour’s Sadiq Khan by championing deregulation of the City and encouraging less red tape for start-ups. [...]
Bank of England set to keep interest rates at 0.5 per cent – again – this week April 10, 2016 The Bank of England will keep interest rates on hold for the 85th month in a row when it meets on Thursday, economists and analysts have predicted. Interest rates, which are set by the nine-strong Monetary Policy Committee (MPC), made up of governor Mark Carney, a number of senior Bank officials and some external figures, [...]
Libor scandal: Former Barclays banker did not benefit from changing the Libor rate and was only doing as he was told, court told April 8, 2016 One of the five former Barclays bank employees standing trial for manipulating Libor interest rates only did what he was told to by his boss and received no financial reward, a court heard today. Junior banker at Barclays' Jonathan Mathew, who joined at the age of 19 after achieving three A-levels, did not stand to gain from the profit made by [...]