After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Jeremy Hunt drops major tax cuts hint at Davos before March budget January 19, 2024 Chancellor Jeremy Hunt dropped another major hint about March’s much-anticipated budget, saying the “only direction of travel” is for the UK to embrace low taxation. Speaking at Davos in Switzerland, he said Britain should emulate other economies with low taxes, as the Conservatives gear up for an election later this year. Hunt, who will deliver [...]
Economy: Why the latest data makes a ‘technical’ recession seem (almost) inevitable – with pub spending the only white knight January 19, 2024 The UK appears set to enter recession - and even if the term is in some ways meaningless, it's still very bad news indeed
‘Huge vote of confidence’: Sunak cheers Google’s £790m AI injection in Watford January 18, 2024 Google has announced plans to invest $1bn (£790m) to build a new UK data centre as it tries to gain a lead in the race for AI supremacy.
Chancellor to meet with Lloyds, Barclays and Natwest executives over share slumps January 18, 2024 Chancellor Jeremy Hunt is convening a summit with bosses from the UK's largest banks to discuss concerns that their poor share performance is preventing more lending into the economy.
House of Lords ‘must pass Rwanda bill’, Rishi Sunak says January 18, 2024 The House of Lords “must pass this bill”, Rishi Sunak has said after MPs backed plans to pass new legislation to deport asylum seekers to Rwanda.
Rwanda bill passes crucial Commons vote after Tory rebellion melts away January 17, 2024 Rishi Sunak’s Rwanda Bill has survived a crunch Commons vote after a much-anticipated Tory rebellion melted away at the 11th hour.
London’s tourist tax: Struggling luxury brands LVMH, Mulberry and Burberry have other problems, too January 17, 2024 Mulberry has fallen out of fashion with investors as shares slumped over four per cent this morning, with the luxury retailers expressing growing concerns about flattening sales and the tourist tax. The British fashion house, best known for its leather handbags, has had around £3bn wiped off its market value in the last five months [...]
Rishi Sunak faces crunch vote as Rwandan president says policy is ‘UK’s problem’ January 17, 2024 Rishi Sunak is under pressure over his policy to deport asylum seekers to Rwanda, which faces a crunch vote in the Commons.
Running down the clock: Why 2024 is set to be a long year in politics January 17, 2024 While Rishi Sunak is keen to run down the clock to November, Labour are eager to seize what they see as their moment, as we enter an election year.
FTSE 100 today: London markets could wrestle with recovery as global risk mood sours January 17, 2024 Amid global market volatility, Asian markets respond to a Wall Street downturn, while Nikkei reaching a 34-year high; oil prices decline due to a dollar surge and Red Sea geopolitical concerns. The greenback hits a one-month peak. China's economy outperforms expectations, while investors await crucial data on UK inflation and U.S. retail sales.