After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
One year until The EU General Data Protection Regulation: The business world speaks out about the biggest ever overhaul of data legislation May 25, 2017 Exactly one year from today, “the most lobbied piece of legislation in history” – the EU’s General Data Protection Regulation (GDPR) – will be enacted, radically overhauling the relationship businesses have with personal data through a raft of new obligations and consumer rights. The way firms collect, store, process and protect the personal information of [...]
Energy price cap: Here’s how the City is reacting to the Conservative plan to cap energy prices May 9, 2017 Yesterday, Prime Minister Theresa May promised the Conservative party will put a cap on energy prices if it holds a majority after the election. The decision has caused an eruption of opinions from energy bosses, consumer groups and business firms. Here’s what they’re saying… “Poorly justified political meddling” The Institute of Economic Affairs said the [...]
How to make Brexit the insurance industry’s next big opportunity May 5, 2017 Singapore, Qatar, Dubai and Bermuda. Forget worrying about British-based businesses moving to EU capitals – these are the jurisdictions with which we must compete if our vital insurance industry is to thrive. Over the next two years, there is a risk that so much energy will be expended on Brexit negotiations that we will neglect [...]
Why do people pursue careers in finance? May 3, 2017 Committing to an occupation that will consume 40 or more hours each week for decades is a fairly big decision. LinkedIn research shows that millennials will change jobs four times on average before they reach age 32, job-hopping twice as often as Gen Xers and much more than earlier generations. Each job decision has an [...]
What Macron’s victory means for investors: seven questions answered April 25, 2017 Stock markets surged and bond yields fell sharply following the results of the first round of the French election. Former economy minister, Emmanuel Macron, finished in first place with 23.9%, ahead of anti-EU candidate Marine Le Pen with 21.4%, making him easily favourite for the second round due to be held on 7 May. Gains [...]
British banks threatened by rise in consumer credit the Bank of England warns April 4, 2017 The rapid growth of lending to consumers risks weakening the resilience of British banks, according to the Bank of England body tasked with maintaining the UK’s financial stability. Weaker underwriting standards could “reduce the resilience of lenders to shocks”, the Financial Policy Committee said, according to the minutes from its latest meeting. The FPC said [...]
The UK has awarded 25 oil exploration licenses for under-explored areas of the North Sea March 23, 2017 The UK has awarded 25 licences for oil and gas exploration across frontier areas of the North Sea. Licences were issued to 17 companies, and for the first time in 20 years they all focused on under-explored regions of the UK Continental Shelf (UKCS), the Oil and Gas Authority (OGA) said. Although the OGA said [...]
Britain is right to reject EEA membership: As an Icelander, I should know March 23, 2017 The British government is absolutely right to reject remaining a member of the European Economic Area (EEA) after leaving the European Union. The government is also quite right to say that, by leaving the EU, Britain will at the same time exit the EEA, which includes all the EU member states plus three of the [...]
Why a red tape bonfire won’t help fintech: The FCA’s Christopher Woolard talks to City A.M. about regulation testing March 20, 2017 Regulation arguably doesn’t have the best reputation in the cutting-edge tech sector. Critics slam red tape for stifling creativity, while the regulators themselves get stick for failing to keep pace with ever-changing markets. This contempt creates dilemmas in the field of fintech, an industry which melds the fast-paced world of technology with the highly-regulated field [...]
Wood Group’s chief exec says regulators must consider the fact North Sea oil has moved on March 19, 2017 The chief executive of Wood Group said its £5bn merger with Amec Foster Wheeler will not be bad for the North Sea oil sector. Last Monday Wood Group announced it had agreed a deal with Amec in the hope of generating cost savings of more than £100m. Read more: UK oil services companies in £5bn merger deal The [...]