After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
IMF warns over Brexit and trade wars as it cuts global growth forecast July 23, 2019 The International Monetary Fund (IMF) has cut its forecast for global economic growth over the next two years and said that a disorderly Brexit could damage global investment and trade. Read more: Race begins for IMF top job as Christine Lagarde submits resignation The Fund lowered its prediction for global growth by 0.1 percentage point [...]
EU’s Michel Barnier knocks hopes of Brexit deal under Boris Johnson July 23, 2019 The EU today refused to countenance an alternative to the Brexit deal on the table now Boris Johnson is set to become the UK’s new Prime Minister. Chief Brexit negotiator Michel Barnier today said he would “work constructively” with Boris Johnson to achieve a Brexit deal. Read more: All the Tory ministers who have quit [...]
Passport-maker De La Rue under investigation by fraud squad over suspected corruption July 23, 2019 Passport and banknote-maker De La Rue said today it is under investigation by the Serious Fraud Office (SFO) over suspected corruption. De La Rue told the stock market this afternoon that the SFO had opened an investigation into the company and its associated persons in relation to suspected corruption in South Sudan. De La Rue’s [...]
‘Clouds gather’ for manufacturers as output hits lowest point since financial crisis July 23, 2019 British manufacturing output shrank at the fastest pace since the financial crisis over the last three months, according to research. Nineteen per cent of manufacturers reported that output rose while 30 per cent said it fell. This gave output a minus 11 per cent balance for the three months to mid-July. The Confederation of British [...]
Countdown to Brexit: What Boris Johnson must do in his first 100 days as Prime Minister July 23, 2019 The political world has thrown up some unexpected events in recent years, but Boris Johnson failing to win the Conservative leadership contest today would surely top the lot. The former foreign secretary has been the favourite to succeed Theresa May even before she announced her resignation, and today the election results showed he won with [...]
Boris Johnson wins race to be UK Prime Minister by a landslide July 23, 2019 Boris Johnson will become the UK’s next Prime Minister after he overwhelmingly defeated rival Jeremy Hunt in the Tory leadership race. Johnson won 92,153 votes compared with 46,456 for Hunt on a turnout of 87.4 per cent. Read more: Boris Johnson’s to do list in his first 100 days as Prime Minister The former mayor [...]
Joules defies retail anguish with growth across the board July 23, 2019 Clothes store Joules this morning announced a double-figures spike in profit despite tough high street conditions. The full-year results will be the last for outgoing CEO Colin Porter, who said the firm was “well-positioned for continued success”. Read more: Joules lures in top Asda director as new chief executive The figures Pre-tax profit rose 14.9 [...]
Farewell, Failing Grayling: Here are your five finest moments in office July 23, 2019 Any article written about transport secretary Chris Grayling over the past year has tended to start with a not-so-favourable adjective. “Embattled”, “Beleaguered” and “Failing” spring to mind. As of this week, Grayling – who is likely to be ousted as the head of the Department for Transport (DfT) when Boris Johnson enters No.10 – can [...]
Does Boris mean bad news for cable? July 23, 2019 Johnson and Hunt are waiting to see which of them will be the next Prime Minister of the UK. Tory members voted for the next leader yesterday, with the winner expected to be announced this morning. The outcome of the Tory leadership contest will decide who will lead the UK in its exit from the [...]
UK house sales plummet in June, held back by Brexit ‘ball and chain’ July 23, 2019 House sales crashed 16.5 per cent in June, as the property market took a “wait-and-see” attitude to transactions amid Brexit uncertainty. Monthly HM Revenue and Customs (HMRC) figures showed British residential property sales fell to 84,490, more than one-sixth down on the same period last year. Read more: London house prices suffer worst plunge in [...]