Business needs more leaders like George Soros – to fearlessly speak out against Trump’s bullying January 26, 2017 There was something odd about the World Economic Forum’s annual gathering in Davos this year, and it wasn’t only that the typical Davos-attendee (pro-trade, pro-global) felt he was under attack because of the wave of populism that crashed through the US and the UK in 2016. There was also the odd moment when the President [...]
Oil production is set to outpace demand while overall global energy demand increases into 2035 January 25, 2017 Global energy demand is set to rise by 2035, but oil prices are likely to remain low while production increases faster than demand. In the next 20 years, energy demand will increase around 30 per cent across the globe, although it will be offset by rapid gains in energy efficiency, according to an analysis of long-term energy trends. BP's annual Energy [...]
Czech it out: Central Eastern European M&A activity is booming January 25, 2017 Mergers and acquisitions (M&A) activity slowed in the UK and across the world last year, but Central Eastern European deals came thick and fast. There Warsaw (were so) many M&A deals in the region that values totalled €86.7bn (£74bn) last year, up 62 per cent on 2015, and its highest result since 2013. The total number of [...]
City Moves for 25 January 2017 – who’s switching jobs? January 25, 2017 Today's City Moves cover legal eagles, a digital business aimed transforming financial services firms and specialist lender Aldermore. Seddons Susan Monty is joining law firm Seddons as commercial litigation partner. Susan specialises in the resolution of complex financial and regulatory disputes and joins from Simons Muirhead & Burton, where she headed up the financial crime, civil [...]
China now gets more oil from Russia than it does from Saudi Arabia January 24, 2017 Russia last year overtook Saudi Arabia as China’s biggest supplier of crude oil thanks in large part to increased demand from independent refineries, popularly called teapots. This is what statistics data released today by Beijing’s customs authority show. The average daily amount that Russian companies exported to China in 2016 stood at 1.05 million barrels, [...]
Is Donald Trump likely to be impeached in the next four years? January 24, 2017 Rachel Cunliffe, deputy editor of Reaction, says Yes. The new President begins his term facing a defamation lawsuit over his response to sexual misconduct allegations and an ongoing investigation into whether his team conspired with Russia to get him elected. And that’s not even the biggest sword dangling over Trump’s head ready to slash short [...]
Xi Jinping and Donald Trump have fired the opening salvoes of the coming trade war January 23, 2017 It's only the first week of Donald Trump’s presidency, but the contrast between Trump’s “America First” protectionist rhetoric and other world leaders’ hopes of globalisation working for the many could not be starker. The Trump rally had already stalled before the 45th President began his inauguration speech, as investors sought more detail on his plans. Despite [...]
Forget Russia: Trump’s China trade war risks breaking Asia’s fragile peace January 23, 2017 “I see myself as an instrument of the Almighty and go on my way, regardless of transient opinions and views.” – Kaiser Wilhelm II, 1910 While he was diabolically poor at follow-through, former President Barack Obama has the makings of a first-rate political risk analyst. Early on in his term, Obama keenly saw that Asia [...]
US President Donald Trump’s White House describes policy priorities on trade, foreign policy, and the economy January 21, 2017 Donald Trump’s team have taken over the levers of power, with the new President looking to reshape Washington politics in his image. Among the first actions once Trump was sworn in was taking control over the official White House website, where his team have given some signs of their priorities in office. While Trump has [...]
US professionals are feeling optimistic about 2017 as Donald Trump prepares to take charge January 20, 2017 Whether Donald Trump will make America great again remains to be seen. But US businesses are certainly feeling bullish about the year ahead. Some 81 per cent of US professionals surveyed by Emolument.com said they expect their business to do better in 2017 than 2016. Perhaps inevitably, British professionals were a little more restrained, with [...]