Fed will ‘act as appropriate’ to keep US economy growing, says chair Jay Powell August 23, 2019 Federal Reserve chairman Jay Powell has said the central bank will “act as appropriate” to ensure that the US economic expansion continues, but gave little insight into whether the central bank would further cut interest rates at its meeting next month. Read more: Pressure on for Fed chair Jay Powell at Jackson Hole “The US [...]
Brexit: Jeremy Corbyn sides with Emmanuel Macron on Irish border backstop August 23, 2019 Jeremy Corbyn has said he agrees with French President Emmanuel Macron’s stance on Brexit in that the Irish border backstop is “indispensable”. Macron met with Prime Minister Boris Johnson on Thursday and told the UK leader that the EU “will not find a new withdrawal agreement within 30 days that will be very different from [...]
UK companies to miss research investment target by £19bn, says CBI August 23, 2019 British companies are set to miss the government’s 2027 target for investment in research and development (R&D) by £19bn, the CBI has warned today. Read more: UK tech startups attract record $6.7bn in foreign investment The business organisation called on the government to ensure that R&D tax credits, which provide tax incentives for private investment, [...]
FTSE 100 leads stock markets higher with all eyes on Fed chair Powell August 23, 2019 London’s FTSE 100 was the biggest riser among the European stock markets this morning, as a falling pound pushed up the blue-chip index. Read more: Pressure on for Fed chair Powell at Jackson Hole European indices were slightly higher as investors awaited US Federal Reserve chair Jay Powell’s speech at Jackson Hole, Wyoming this afternoon. [...]
Preparing for ambush: Why media training is critical August 23, 2019 Chief executives are in the spotlight like never before, with all the press attention of a Kardashian but none of the media savviness. What many don’t realise is that we’ve entered a new age of media, particularly when it comes to on-screen exposure. Where a chief executive would once have had hours if not days [...]
UK’s most expensive cities becoming more affordable for homebuyers August 23, 2019 Houses in Britain’s most expensive cities have returned to levels of affordability not seen since 2015, according to new data released this morning. Weak house price growth and rising wages have boosted the chances for those wanting to buy houses in the country’s priciest cities, according to the latest UK Cities House Price Index by [...]
Up in the air: Risks pile on for aerospace industry as 737 Max saga continues August 22, 2019 Risks are mounting for the world’s aerospace industry, amid political tensions and delays to Boeing’s grounded 737 Max jet returning to service, according to ratings agency Moody’s. Read more: Boeing takes $4.9bn hit on 737 Max groundings to compensate airlines The grounding of the best-selling passenger jet in March after two deadly crashes killed 346 [...]
Macron opens door to amending Brexit deal – but keeps red lines intact August 22, 2019 The French President has backed the 30-day timetable to find a solution to the Brexit deadlock – but warned it is unlikely that things will change significantly. Speaking ahead of a lunch meeting with the UK Prime Minister in Paris today, Emmanuel Macron told reporters the red lines had not changed and that the agreement [...]
Tusk and Johnson to hold Brexit talks at G7 August 22, 2019 Donald Tusk and Boris Johnson are to hold a bilateral meeting during the G7 summit this coming weekend. The European Council President, who once said there was a “special place in hell” for “those who promoted Brexit without even a sketch of a plan of how to carry it out safely” will meet the UK [...]
EU immigration to UK falls to lowest in six years August 22, 2019 Long-term migration from the European Union to the UK fell to its lowest level since 2013 in the year to March, official figures showed today, as fewer EU citizens moved to Britain to work. Read more: No deal most likely Brexit outcome, says French aide Just under 60,000 more EU nationals moved to Britain than [...]