Markets brace as Trump threatens Mexico with 25 per cent tariffs over immigrants May 31, 2019 US President Donald Trump is set to slap fresh tariffs on all Mexican imports next month, in a shock move that could threaten a recently-agreed major trade deal between the two sides. Read more: Mueller says 'not an option' to charge Trump over Russia inquiry The White House warned late last night that the US [...]
Gazprom profits soar 44 per cent after energy prices boom May 30, 2019 Profits shot up at Gazprom in the first three months of the year, the company reported today after months of international energy price rises. Sales at the firm rose 6.8 per cent to 1.3 trillion Russian roubles (£15.8bn) in the first quarter of 2019, even as the amount of gas it sold dropped 8.6 per [...]
Mueller says ‘not an option’ to charge Trump over Russia inquiry May 29, 2019 US special counsel Robert Mueller, the man at the helm of a two-year inquiry into Russian interference in the 2016 US presidential election, has resigned from office. His statement marks the end of the inquiry, which also sparked concerns on the reported unconstitutionality of charging a sitting US president with a crime. Mueller called Russia’s interference as “a concerted [...]
Internet ads to make up half of global media spend by 2020 as mobile use surges May 28, 2019 Internet advertising formats are set to account for more than half of all media spend worldwide for the first time next year as mobile continues to drive growth, new data has revealed. Figures published by industry body Warc showed online advertising will account for 48 per cent of all media spend – roughly $298.1bn (£228.2bn) [...]
Don’t let trust become the next plaything of the cyber criminals May 21, 2019 The last 200 years have been a whirlwind of technological invention. Aeroplanes have allowed us to transcend borders, MRI scanners have enabled us to explore the innermost workings of our brains, and the internet has put the world at our fingertips. Our dependency on connected services is more extreme than ever, but between the Cambridge Analytica [...]
‘I don’t need banks’: Trump hits back at reports of Deutsche Bank’s red flags May 20, 2019 US President Donald Trump has hit back at reports Deutsche Bank employees flagged suspicious transactions by the president and his son-in-law Jared Kushner. The New York Times reported that anti-money laundering specialists at the bank recommended transactions by legal entities controlled by the pair be reported to a federal crimes watchdog. Read more: Deutsche Bank [...]
Oil prices tick up as Opec signals it will keep production down in second half of the year May 20, 2019 Oil prices rose this morning as traders returned to work after Saudi Arabia said Opec still plans to decrease its inventories of crude oil. Saudi energy minister Khalid al-Falih said the oil-producing cartel had discussed rolling over production cuts into the second half of the year. Read more: Exxon decision to evacuate staff from Iraq [...]
Tried-and-failed plan to nationalise energy in the UK is a step backwards May 17, 2019 Last week, I ventured to Athens for this year’s Atlas European Liberty Forum conference, which brings together free market groups, not just from Europe, but from all over the world. It’s always a remarkable experience, which puts into perspective the battles for freedom we face here in the UK. You meet people – particularly young [...]
City Moves for 16 May – Who’s switching jobs at BCG Digital Ventures, Finastra and CISI? May 16, 2019 Today's City Moves includes BCG Digital Ventures, Finastra and CISI. BCG Digital Ventures BCG Digital Ventures (BCGDV), the global corporate venture, investment and incubation arm of Boston Consulting Group, has announced that Ella Rabener will join BCGDV in London as a partner and managing director in June. With this addition, the company, which specialises in [...]
Why your CEO got fired: Ethical lapses cost bosses their jobs in 2018 May 15, 2019 The turnover rate of CEOs soared to 17.5 per cent last year as ethical lapses became the biggest factor behind sacking bosses. Read more: Revealed: The CEOs who oversaw tech's 10 biggest share price rises While the 20 per cent rate of “forced turnovers” among departures at the top remained the same in PwC’s 2018 [...]