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 [...]
The warning lights for the next economic crisis are starting to flash January 25, 2018 The global economic zeitgeist has shifted. A decade on from the financial crisis, the world economy can at last see over the hill and make out the features of the “Promised Land” called normalisation. There is a palpable sense that the world economy has crossed three important lines. First, that it is finally achieving synchronised [...]
It’s time for London to look beyond Brexit and focus on a decade of Asian engagement | City A.M. January 25, 2018 As the UK is dominated by domestic politics and Brexit news, it is easy to lose sight of priorities in other global markets. I have the advantage of spending half my time in Asia, and this engagement brings a helpful perspective. By 2025, the region is expected to contribute to 45 per cent of global [...]
Overheard at Davos: former UK Prime Minister David Cameron says Brexit is a “mistake, not a disaster” January 24, 2018 David Cameron has been overheard at Davos saying Brexit is a “mistake, not a disaster”. Recorded by 5News while speaking to steel magnate Lakshmi Mittal, the man who called the EU referendum admitted that the UK economy hasn’t tanked in the way he once predicted. Read more: David Cameron put in charge of a £1bn [...]
UK investors are bullish on emerging markets as only gold ranks higher, says Franklin Templeton research January 23, 2018 Emerging markets have seen a surge in popularity with UK investors, according to investment firm Franklin Templeton. More than half of independent investors surveyed, at 55 per cent, said that now was a good time to invest in less developed markets. Meanwhile a quarter said they were more positive about the asset class than a [...]
World’s richest football clubs 2018: Manchester United hold off Real Madrid and Barcelona in Deloitte Football Money League January 23, 2018 Manchester United have retained their billing as the world’s richest club after they pipped European champions Real Madrid to first place in Deloitte’s Football Money League. United, who benefited from winning the Europa League and lucrative new Premier League broadcast contracts, outstripped Real and Barcelona last season despite the fall in value of the pound. [...]
Bitcoin regulation: The US SEC has “significant” concerns about bitcoin ETFs January 19, 2018 The US Securities and Exchange Commission (SEC) has seen growing interest for exchange-traded funds (ETFs) that hold value in cryptocurrencies, but the regulator has warned it there are “significant” investor protection issues that need to be looked at before such funds are offered to retail investors. In a letter, the SEC’s investment management division director, [...]
Trump’s migration slur displays disturbing economic ineptitude January 19, 2018 Immigrants from “shithole countries” are not welcome in the US. That was reportedly President Donald Trump’s verdict at a meeting last week on migration policy. The subsequent outrage has centred around the obscene, and downright racist, language allegedly used to describe Haiti, El Salvador, and certain African nations (which the President has since denied). Read [...]
China’s economy surprises with growth of 6.9 per cent in year Xi cemented power January 18, 2018 China grew faster than expected during 2017, surprising analysts who had expected the gradual slowing of the world’s second-largest economy to continue. GDP grew by 6.9 per cent over the course of the last year, the first increase in the country’s growth rate since 2010, according to government data published today. The economy grew by [...]