Meet Par Hedberg – the godfather of Sweden’s tech startups August 27, 2019 If you were asked where the most tech innovation comes from, you’d probably answer Silicon Valley – the home of Google, Amazon and Facebook. And you’d be right. But what you might not know is that Stockholm is a close second. The Swedish capital produces more billion-dollar companies per capita than any other region in [...]
Rory McIlroy gave golf a reminder of what he can do even against the very best at the $15m FedEx Cup finale August 26, 2019 Heading into the FedEx Cup Playoffs it looked like being a battle between Brooks Koepka and Rory McIlroy for the $15m prize – and so it proved, with those two in the final group at the Tour Championship on Sunday. McIlroy scooped golf’s biggest winners’ cheque with a sublime round of 66 to cap a [...]
Donald Trump Twitter tirade against China sends stock markets tumbling August 23, 2019 US President Donald Trump has further escalated his administration’s trade war against Beijing with a Twitter outburst that ordered American companies to return “home” from China. Read more: Fed will ‘act as appropriate’ to keep US economy growing, says chair Powell Trump’s tweets came just hours after Beijing announced it would apply tariffs to $75bn [...]
Fed will ‘act as appropriate’ to keep US economy growing, says chair Jay Powell August 23, 2019 Federal Reserve chairman Jay Powell has said the central bank will “act as appropriate” to ensure that the US economic expansion continues, but gave little insight into whether the central bank would further cut interest rates at its meeting next month. Read more: Pressure on for Fed chair Jay Powell at Jackson Hole “The US [...]
China to tariff $75bn of US goods in trade war escalation August 23, 2019 China has announced it will tariff $75bn of US goods in the latest escalation in the long-running trade war with the US. China’s commerce ministry said in a statement it would impose additional tariffs of five and 10 per cent on over 5,000 US goods including agricultural products, crude oil, small aircraft and cars. The [...]
FTSE 100 leads stock markets higher with all eyes on Fed chair Powell August 23, 2019 London’s FTSE 100 was the biggest riser among the European stock markets this morning, as a falling pound pushed up the blue-chip index. Read more: Pressure on for Fed chair Powell at Jackson Hole European indices were slightly higher as investors awaited US Federal Reserve chair Jay Powell’s speech at Jackson Hole, Wyoming this afternoon. [...]
Preparing for ambush: Why media training is critical August 23, 2019 Chief executives are in the spotlight like never before, with all the press attention of a Kardashian but none of the media savviness. What many don’t realise is that we’ve entered a new age of media, particularly when it comes to on-screen exposure. Where a chief executive would once have had hours if not days [...]
Pressure on for Fed chair Powell at Jackson Hole August 22, 2019 Most people journey to the snowy plateaus below the Wyoming mountains for a relaxing week of fresh air. US Federal Reserve chairman Jay Powell, however, will find his visit to the north-western ski resort an altogether more stressful affair. Read more: US manufacturing sector contracts for first time since 2009, survey says Powell will take [...]
US manufacturing sector contracts for first time since 2009, survey says August 22, 2019 The US manufacturing sector contracted for the first time since the financial crisis in August, survey data showed today, in a sign that a global slowdown and trade tensions are damaging producers. Read more: Apple’s Tim Cook cautions Donald Trump over China tariffs A preliminary reading of the manufacturing purchasing managers’ index (PMI), a closely-watched [...]
US Fed minutes show bankers debated cutting interest rates more aggressively August 21, 2019 The US Federal Reserve debated cutting interest rates more aggressively at its last meeting amid concerns about a global economic slowdown and trade tensions. The Fed cut rates by 25 basis points at its 30-31 July meeting, with minutes published today showing central bankers were keen to avoid the appearance of being on the path [...]