Philip Hammond calls for maximum trade access to EU for the UK after Brexit January 20, 2017 Chancellor Philip Hammond has called for the UK and the European Union to maximise trade access through a "suite of free-trade agreements" to avoid economic harm to both parties. He also said highly skilled immigration will not be limited. Hammond said he thinks there is a "shared ambition to get to an end state arrangement that will mean [...]
These are the executive actions Trump has planned for his first days in office January 20, 2017 All eyes are on America today as the US President-elect Donald Trump takes office. Trump is set to be sworn in during an inauguration ceremony that kicks off at 4:30pm (11:30am in Washington DC), and aides say he has plans to get to work right away on issues that spearheaded his campaign, like immigration and the [...]
Jessica Ennis-Hill interview: A successful World Championships in London can help restore faith in athletics January 19, 2017 Olympic heptathlon gold-medallist Dame Jessica Ennis-Hill insists a successful World Championships in London is pivotal to restoring the tarnished reputation of athletics. The sport has been rocked over the past 18 months by a series of damaging allegations of state-sponsored doping and cover-ups which have seen Russia banned from international competition by world governing body the [...]
Everything you need to know (but were afraid to ask) about Donald Trump’s inauguration January 19, 2017 Whether you're a fan or a hater, there's no denying The Donald's inauguration as 45th President of the United States is kind of a big deal. If you're planning to don stars and stripes leggings, break out the hamburgers and settle in to watch it, here's what you need to know. So what's the plan? Events [...]
Opec output cuts are in a “probation period” as the market tightens, IEA says January 19, 2017 Demand for oil is rising while investors await news of whether Opec's agreed production cuts will take shape, the International Energy Agency (IEA) has said. A report today by the IEA said the cuts agreed on by the Organisation of the Petroleum Exporting Countries (Opec) and 11 non-Opec producers are in a "probation period" as the market tightens. Opec said it would cut oil [...]
President Trump should be positive for the UK economy – in the short term at least January 19, 2017 When the US electorate chose Donald Trump as their next President, they voted for a big break from the liberal consensus which Hillary Clinton epitomised. Globalisation had not served Trump supporters well, and they wanted something radically different. We are now beginning to get more of a taste of what this might be. Some of [...]
I have exorcised ghosts, insists Dan Evans after biggest win of his career at Australian Open January 18, 2017 British No3 Dan Evans insisted he has exorcised the ghost of past missed chances after producing a seismic shock at the Australian Open by dispatching former US Open winner Marin Cilic. Evans, who is ranked No 51 in the world, had never previously beaten a top 10 player at a grand slam but reversed that [...]
Oil prices have plummeted below $55 per barrel January 18, 2017 Oil prices plummeted to below $55 per barrel this morning after an initial increase. West Texas Intermediate crude and global benchmark Brent futures were trading down as much as 1.5 per cent this morning. At the time of publishing, Brent was down 83 cents to $54.64 per barrel while WTI futures were down 67 cents to $51.69 per barrel. Read more: Oil [...]
Deutsche Bank agrees $7.2bn settlement with US Department of Justice over mortgage-backed securities January 17, 2017 Deutsche Bank has agreed to pay the US Department of Justice $7.2bn (£6bn) over misleading investors with sales of mortgage-backed securities in the run-up to the financial crisis. The bank agreed the settlement amount in principle in December, but it was only finalised today. Deutsche Bank will pay a civil penalty of $3.1bn and provide $4.1bn [...]
How does the UK rank in the world’s 50 most innovative economies? January 17, 2017 The UK lags behind 16 global economies when it comes to innovation, as Scandinavian countries plough ahead in pushing boundaries. The UK has grasped on to its spot at number 17 for the second year, however, in Bloomberg's 2017 Innovation Index, which ranks 50 of the world's economies based on six factors which indicate a recipe for innovation. [...]