HSBC and Standard Chartered have put profits before principles and betrayed Hong Kong July 3, 2020 Increasingly, companies are being asked to take a moral stand on the great issues of the day. From clothing retailers to tea bag brands, every company is being asked where their values lie. While many organisations proudly broadcast their internationalist and liberal values in the west, some are willing to undermine those principles as soon [...]
FCA extends credit card payment freeze until October July 1, 2020 A credit card payments freeze could be extended for another three months for customers still suffering from the economic impact of coronavirus, the financial watchdog said today. After imposing a three-month pause on repayments for those struggling amid the fallout of the pandemic on the economy, the Financial Conduct Authority (FCA) has said firms must [...]
Industry reacts as Boris Johnson lays out ‘New Deal’ recovery plan June 30, 2020 Boris Johnson has today laid out his vision for rebuilding the UK after the coronavirus pandemic, pledging to “build build build” to get Britain back on its feet. Citing US president Franklin D Roosevelt’s “New Deal” as a model for the plan, the prime minister unveiled £5bn in infrastructure investment and promised to “scythe through [...]
With China’s mask off, the last days of Hong Kong are upon us June 15, 2020 There is something terrifying about watching freedom die. As a historian, whether contemplating the end of Athens, the last days of the Roman Republic, or the horrors of the French Revolution devouring its children, as a well-wisher to liberty I always feel an ineffable sadness as freedom is snuffed out. And that is precisely what [...]
HSBC’s head of public affairs leads pro-China lobbying push June 14, 2020 A pro-China business group is urging FTSE100 companies to lobby the UK government to act more pro-Beijing as relations between the two countries begin to flounder. The China-Britain Business Council (CBBC) – whose members include HSBC, BP and Standard Chartered – has spoken to a number of high-profile companies, that have connections to China, to back [...]
Why I’m seeking a Judicial Review of the government’s draconian lockdown measures June 2, 2020 Last month, Boris Johnson addressed the nation and told us to “stay alert”. But with the passing of each day of this totalitarian lockdown, it is clear that it is the government that is leading us like lemmings into disaster, taking us towards the cliff edge with them. My application to the High Court for [...]
Dominic Cummings ‘might’ have broken lockdown rules, say Durham Police May 28, 2020 Dominic Cummings “might have” broken lockdown rules when he made the 30-mile trip from Durham to Barnard Castle, according to the Durham Constabulary. In an official statement, the police force also said that Cummings’ initial trip from London to Durham was not in breach with the coronavirus lockdown laws. However, Durham police said the senior [...]
Hulsman: The world through China’s eyes May 25, 2020 Modern China begins with Deng Xiaoping, the most important man of the twentieth century westerners know next to nothing about. Deng’s story makes up the final chapter of my most recent book, To Dare More Boldly: The Audacious Story Of Political Risk; in it I chart his magical act of political alchemy. Surveying the wreckage [...]
Suits you: TM Lewin bought by private equity firm SCP May 12, 2020 British menswear brand TM Lewin has today been acquired by SCP Private Equity via special purpose vehicle Torque Brands. TM Lewin, which was established in 1898, was sold to SCP for an undisclosed amount by Bain Capital Credit which acquired the shirt-and-tie retailer in 2015. SCP has acquired the business as a going concern, taking [...]
Germany’s top court tells ECB to justify bond-buying programme May 5, 2020 Germany’s highest court has said the European Central Bank can continue buying bonds but must prove that purchases under its crisis-era programme are necessary within three months or Germany’s central bank must stop participating in the scheme. However, the judges’ decision does not impinge on the ECB’s coronavirus bond-buying scheme, under which it has pledged [...]