What might trigger the next global financial crisis? September 14, 2018 Ten years on from the collapse of Lehman Brothers and the deepening of the global financial crisis, the world seems to be a safer place. Over the past decade there have been significant shifts in the world economy such that the imbalances that could lead to a crisis are less. The risks haven’t entirely gone [...]
China: We will not bow to US demands in escalating trade war September 14, 2018 China will not yield to US demands in any new trade negotiations, claimed the state-backed China Daily newspaper in an editorial on Friday. "The Trump administration should not be mistaken that China will surrender to the US demands," the newspaper said in an editorial. The media outlet said that China was sincere about its efforts to [...]
China: We will not bow to US demands in escalating trade war September 14, 2018 China will not yield to US demands in any new trade negotiations, claimed the state-backed China Daily newspaper in an editorial on Friday. "The Trump administration should not be mistaken that China will surrender to the US demands," the newspaper said in an editorial. The media outlet said that China was sincere about its efforts to [...]
City Moves for 14 September 2018 – who’s switching jobs at European Vacation Rentals, CBRE and QualiTest? September 14, 2018 Today’s City Moves cover tourism, property and software. Take a look at these movers and shakers: European Vacation Rentals Henrik Kjellberg, former president at Expedia, has been appointed group chief executive of the European Vacation Rentals business acquired by Platinum Equity from Wyndham Worldwide earlier this year. Henrik has spent more than 20 years working [...]
City Moves for 14 September 2018 – who’s switching jobs at European Vacation Rentals, CBRE and QualiTest? September 14, 2018 Today’s City Moves cover tourism, property and software. Take a look at these movers and shakers: European Vacation Rentals Henrik Kjellberg, former president at Expedia, has been appointed group chief executive of the European Vacation Rentals business acquired by Platinum Equity from Wyndham Worldwide earlier this year. Henrik has spent more than 20 years working [...]
Not what the customer ordered: Chinese hotpot chain suffers crash in stocks after rodent is found in soup September 13, 2018 For many restaurant owners there is nothing worse than a bad food review. Yet one Chinese hotpot outlet is proving that the consequences of a bad dish can be much more severe, after a dead rat in a pregnant customer’s soup has wiped $190m (£145m) off of the chain’s market value. Stock in China’s fast food [...]
Not what the customer ordered: Chinese hotpot chain suffers crash in stocks after rodent is found in soup September 13, 2018 For many restaurant owners there is nothing worse than a bad food review. Yet one Chinese hotpot outlet is proving that the consequences of a bad dish can be much more severe, after a dead rat in a pregnant customer’s soup has wiped $190m (£145m) off of the chain’s market value. Stock in China’s fast food [...]
Michelin shares rise as tyre maker confirms guidance following growth in Europe and Americas September 13, 2018 Tyre maker Michelin has confirmed its guidance for the year and said strong growth in Europe and the Americas was offsetting a slowdown in China and emerging market currency troubles. The French company's shares rose 3.4 per cent on Thursday morning after confirming its financial outlook of sales volume growth and an increase in operating [...]
Michelin shares rise as tyre maker confirms guidance following growth in Europe and Americas September 13, 2018 Tyre maker Michelin has confirmed its guidance for the year and said strong growth in Europe and the Americas was offsetting a slowdown in China and emerging market currency troubles. The French company's shares rose 3.4 per cent on Thursday morning after confirming its financial outlook of sales volume growth and an increase in operating [...]
The rise of Chinese finance puts pressure on London and New York as top financial centres September 12, 2018 London and New York remain the top two financial centres in the world but Asian cities are hot on their heels, according to an authoritative ranking to be published today. A major report from London-based think tank and consultancy Z/Yen will show the average ranking of financial centres in Asia and the Pacific region rose [...]