Digital Innovators: Q&A with Chris Sheldrick, co-founder and CEO of what3words February 8, 2018 what3words has divided the world into 3m x 3m squares, each with a unique address made from three dictionary words, thus offering the simplest way to communicate location. Last year what3words was identified as one of 50 of the freshest and most inspiring digital companies using technology and innovation to shake up their sectors in [...]
US stocks see-saw as bulls fight back after day of intense volatility on trading floors February 6, 2018 Wall Street was gripped by volatile trading on Tuesday as traders scrambled to make sense of tumbling share prices throughout the world. Having swung between red and green throughout the day, US indices closed on the up. The Dow Jones ended the day 2.33 per cent higher at 24,912.59, the tech-heavy Nasdaq closed up 2.13 [...]
Return of volatility to equity markets sparks renewed fears of algorithmic trading “vicious cycle” on Vix and VVix February 6, 2018 Markets were quiet – too quiet – as global stock markets enjoyed a steady rise over the past year. Now volatility has come back with a bang as shares have slumped. The Vix volatility index, the Wall Street “fear gauge” which tracks the fluctuations of the S&P 500 index, rose to a high of $37.32 [...]
Britain already has a free trade deal with China, leaving Europe won’t improve it February 5, 2018 Between 1839 and 1841 and then again between 1856 and 1860, the British Empire launched a series of military engagements against China. The cause? A trade imbalance between two of the biggest superpowers in the world. Demand in Britain for Chinese goods including silk, porcelain and tea was huge. It created an enormous trade imbalance [...]
Europe lacks giant tech stocks – but it may lead with the ‘industrial internet’ February 1, 2018 In the US, tech firms have been responsible for 42% of the rise in the value of the US stock market since 2014, according to a report in The Economist. Emerging markets too have their own tech giants in Alibaba and Tencent. But where are the tech companies here in Europe? And could emerging technologies [...]
Los Angeles claims top spot in Schroders Global Cities 30 index for the second time February 1, 2018 Los Angeles has been named as the top global city for the second time in the Schroders Global Cities 30 index. California’s largest city narrowly beat Asia’s Hong Kong, which took second place. London slipped from second to third place. The Schroders Global Cities 30 index is based on a range of factors. The measures [...]
Manchester United remain most popular club online in China as Anthony Martial tops Premier League players January 31, 2018 Manchester United may trail title rivals Manchester City in the Premier League, but at least in China they continue to reign supreme. Named the richest football club in the world last week, United have retained the mantle of being the best-performing European football club online in the burgeoning market in the seventh annual Red Card [...]
Aston Martin chief executive Andy Palmer to unveil £600m investment drive in China during Theresa May’s trade mission January 30, 2018 Aston Martin is set to unveil over £600m worth of investment deals in China this week, as it looks to drive up its presence in the booming auto market there. According to Sky News, several agreements will be revealed by Aston Martin boss Dr Andy Palmer, including the opening of 10 new showrooms in China. [...]
Improving Chinese visas must be a priority for post-Brexit Britain January 30, 2018 EU immigration may dominate headlines in the aftermath of the Brexit vote, but Willie Walsh, the boss of British Airways owner IAG, hit the nail on the head yesterday when he wrote to home secretary Amber Rudd to ask her to chivvy along changes to Chinese visas. It was way back in 2015 that then-Prime [...]
Tech stocks are booming in emerging markets, but don’t be passive aggressive January 30, 2018 Emerging market stocks have been on a rampage. The MSCI Emerging Markets index has climbed an impressive 49 per cent since the end of 2016, marking the end of a two-year bad spell. But this growth doesn’t necessarily stem from the rise of the middle classes as many would expect, nor does it come from [...]