After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
No-deal Brexit risk climbs to 30 per cent as Boris Johnson leads Tory leadership contest July 19, 2019 Economists are forecasting that Britain’s chances of leaving the EU without a deal is at its most likely since October 2017, according to a Reuters poll. As expectations mount that Boris Johnson is likely to become the next Prime Minister, a median forecast of 30 per cent of financial experts are predicting Britain and the [...]
Outgoing RBS boss Ross McEwan to take top role at National Australia Bank July 19, 2019 The outgoing head of the Royal Bank of Scotland (RBS) is taking the reigns as new chief executive of the National Australia Bank (NAB). Ross McEwan, a banking veteran who is set to step down from RBS by April next year, has been poached by the NAB as it looks to recover from a financial [...]
The Extinction Rebels seem to care more about capitalism than climate July 19, 2019 If your commute to work this week has been blocked by a giant colourful boat, you have Extinction Rebellion (XR) to thank. The self-defined “non-violent civil disobedience activist movement” has begun its summer of disruption, shutting down traffic in five UK cities to protest against climate change “inaction”. A worthy and vital attempt to safeguard [...]
May goes not with a bang, but with a whimper July 19, 2019 This time next week Theresa May will be embarking on her first weekend out of office. Her successor, most likely Boris Johnson, will be settling into the sofa at Number Ten. Prime Ministers, much like chief executives, can get obsessed about their legacy. City veteran Martin Gilbert once said that leaving is hard because when [...]
Jeremy Hunt misses crucial government Brexit vote by mistake July 18, 2019 Jeremy Hunt has apologised after accidentally not voting with the government on a bill designed to block a no-deal Brexit. The government fell to a resounding defeat today as one minister quit and many other cabinet members abstained during a vote to bring MPs immediately back to parliament if the Commons is suspended before the [...]
Army fire-fighting service handed to outsourcer Capita in £525m deal July 18, 2019 The Army has tasked outsourcer Capita with running its firefighting service at bases across the UK for the next 12 years. Defence minister Tobias Elwood said the £525m contract award would deliver “significant financial savings”. The army would invest this money into other areas of Britain’s defence budget, he added. Read more: Capita takes on [...]
Watchdogs rebuff Bank of England’s criticism of Woodford fund scrutiny July 18, 2019 An international financial regulator has defended its current global rules for investment funds today in a pointed retaliation to recent criticism made by the Bank of England. Following the suspension of Neil Woodford’s flagship fund, the Bank of England said the International Organisation of Securities Commissions (Iosco) had not set out how such funds should [...]
Tory rebels vote with Labour in bid to prevent a no-deal Brexit July 18, 2019 Rebel Tory MPs helped defeat their own government today in a bid to stop the next Prime Minister suspending parliament to force through a no-deal Brexit. Margot James resigned as digital minister after voting with Labour and ensuring the government lost by 41 votes – with 315 MPs backing the plan to stop parliament being [...]
There’s no ‘war chest’ for extra spending, watchdog warns PM hopefuls July 18, 2019 Boris Johnson and Jeremy Hunt have been warned there is no “war-chest or pot of money” that would make big spending increases “a free lunch” by the UK’s budget watchdog. Read more: No-deal Brexit could cause ‘full blown’ recession in 2020 The Office for Budget Responsibility (OBR) said today that the next prime minister must [...]
No-deal Brexit could cause ‘full-blown’ recession in 2020 July 18, 2019 A no-deal Brexit could plunge Britain into a year-long recession and shrink the economy by two per cent next year, the UK’s public finances watchdog has warned. Britain may already be on the verge of a “full-blown” recession but crashing out of the European Union without a deal would damage growth further, the Office for [...]