Trade tariffs and waning demand slam the brakes on Volvo quarterly profit April 25, 2019 Volvo parent company Geely’s shares fell today after the Swedish car maker announced profit fell nearly a fifth in the first three months of the year. Read more: Volvo recalls over 200,000 cars worldwide over leaky fuel pipes The manufacturer said pricing pressure and higher tariffs stemming from the trade war between the US and [...]
The Huawei 5G partnership is a threat to the UK’s national security April 25, 2019 Imagine if you were told that your new home internet network was going to be part built and maintained by a company alleged to have links to some of the most prolific identity thieves in your area. In all likelihood, you would change your provider. Yet that is precisely the course of action the British [...]
Inside Huawei: Spies, spin and billions at stake April 24, 2019 The journey from Paris to Verona takes just two minutes. The small, replica Swiss train trundles past imposing French chateaux and gothic German castles, sliding effortlessly through 12 European cities before ending up, after just under eight kilometres of newly-built track, back in Paris. On Huawei’s new Ox Horn campus, not far from the Chinese [...]
A year of two halves? April 23, 2019 Alex Crooke, Fund Manager of the Bankers Investment Trust, explains how the team is preparing for a different investment landscape in the second half of 2019. It’s in our nature as fund managers to continually contemplate about the future, but the level and scope of uncertainty facing investors today is almost unprecedented. What’s disappointing is [...]
Samsung Galaxy Fold: Tech giant delays launch date after review issues for foldable phone April 23, 2019 Samsung is reportedly recovering all review samples of its latest smartphone, the Galaxy Fold, after complaints of faulty screens led it to postpone the device’s launch. The foldable phone’s offficial release was due on 26 April in the US but some journalists who received the device to review said it showed evidence of breaks, broken [...]
Amazon to close its online store in China after failing to gain a foothold April 18, 2019 Amazon is set to close its online in store in China after failing to gain a real foothold in the country where JD.com and Alibaba reign supreme. The e-commerce giant will shut its operations in China down from 18 July, it announced today. Read more: Unilever shares rise on first quarter sales growth Rivals JD.com [...]
ii winter portfolios extend outperformance in March April 17, 2019 There are fewer star performers in this year's Aggressive Winter Portfolio – that was until March when no less than three of the five constituents each gained around 8%. Ignore Mark Twain and Benjamin Disraeli, statistics demonstrate that some stocks do far better during the winter months than others. And the stats are backed up [...]
Carlsberg promotes negative tweets about its own beer as it finally agrees with drinkers April 17, 2019 Drinkers have “moved on” from mainstream lager, Carlsberg admitted today after promoting a series of negative tweets about its much-despised drink. The brewer has admit it is probably not the best beer in the world, in sharp contrast to its famous marketing campaign. Read more: Carlsberg sparks intrigue with Twitter marketing campaign Instead it launched [...]
US pressure to ban Huawei from 5G infrastructure ‘belittles’ national security April 16, 2019 The US government’s campaign to ban Huawei from 5G networks “belittles national security”, the firm’s cyber security boss has said. Huawei senior vice president John Suffolk accused the US of using national security as an excuse to stifle competition from China. Suffolk brushed off allegations that Huawei’s equipment could be used for spying, insisting the [...]
Crypto AM shines its Spotlight on Arteïa April 16, 2019 At $63bn and counting, the international art market is certainly not insignificant. Big-brand names such as Sotheby’s and Christie’s host blockbuster sales around the world selling precious works of fine art. In 2017 it’s believed the Crown Prince of Saudi Arabia paid more than $450m for Salvator Mundi, a masterpiece by Leonardo da Vinci. Although [...]