The UK is a playground for super-rich foreigners, attracting more millionaires than any other country in the world July 27, 2015 The UK is attracting more of the world's super-rich than any other country in the world, with more than 100,000 of the world's wealthiest moving to its shores over the last decade. London, in particular, is more attractive to high net worth individuals than other location, thanks to a combination of factors such as the [...]
Fifa crisis: Ambushed Sepp Blatter to step aside in February July 20, 2015 It was meant to be the latest episode in embattled Fifa president Sepp Blatter’s self-styled bid to clean up the tarnished image of football’s world governing body. Read more: Here’s the money shot – cash rains down on Blatter Instead it descended into chaos and farce before it had even started, as British comedian [...]
A lesson from Putin: Three Ps to stay in power – pride, propaganda and perspective July 17, 2015 Western sanctions over the Ukraine crisis, the tumbling price of a vital commodity, and a currency in freefall with record high interest rates. Russia’s economy has leaped from one catastrophe to another. Yet one thing remains: President Vladimir Putin holds the reigns. Putin’s approval rating is now at a record 89 per cent. And while [...]
Former Fifa vice president Jeffrey Webb extradited from Switzerland to US July 17, 2015 Former Fifa vice president Jeffrey Webb has been extradited to the United States from Switzerland on charges of bribery and racketeering, filed by American prosecutors. “He was handed over to a three man US policy escort in Zurich who accompanied him on the flight to New York,” the Swiss Federal Office of Justice said in [...]
Iran nuclear deal: From oil prices to GDP, how have sanctions affected the country? July 15, 2015 After nine years of negotiations between Iran and leaders from the snappily-titled "P5 +1" nations – the US, the UK, France, Russia, China and Germany – agreed yesterday to lift sanctions on Iran. But what does that mean for the country's economy? Sanctions were first applied to Iran in 1979, after the storming of the [...]
Sergei Pugachev shows: You just do not mess with the Kremlin July 14, 2015 Sergei Pugachev was once a trusted and close friend of Russian President Vladimir Putin. But not anymore. His case, as much as any of the string of mysterious deaths of people who have upset the Kremlin, go to show how Putin has carved out power in Russia for some time to come, despite economic hardship [...]
Iran’s nuclear deal: Everyone from Bashar al-Assad and Vladimir Putin to Barack Obama and David Cameron has welcomed the agreement July 14, 2015 It's not often world leaders from the UK and US agree with those from Russia and Syria, but today is one of those rare moments. David Cameron, Barack Obama, Vladimir Putin and Bashar al-Assad have all welcomed the historic nuclear deal inked between the world's leading powers and Iran today. This morning the [...]
Oil falls as Iran agrees historic nuclear deal with Western powers – reports July 14, 2015 Brent crude oil fell 2.1 per cent to $56.65 a barrel in early trading as diplomats at talks in Vienna said they had agreed a historic deal with Iran on limiting its nuclear programme. Meanwhile, West Texas Intermediate, the US benchmark, dropped 2.3 per cent to $51. Under the deal, world powers including the US, [...]
Four business books to read this summer July 12, 2015 Develop a subscription service from your sunlounger. Earlier this year, Mark Zuckerberg founded an online bookclub, promising to read a new book every two weeks. From Jeff Bezos to Zappos’s Tony Hsieh, many top business leaders are bound by a love of books. It can be hard to pack 400 pages into a punishing [...]
How has the pound performed over the last 12 months? July 11, 2015 Over the last year the pound has had a mixed performance against the world’s major currencies, according to new research. Sterling has declined in value against 30 out of 61 currencies analysed, increasing against 30, Lloyds Bank Private Banking research showed. Sterling also outperformed nine out of the 16 currencies in the G20 group of [...]