Crowd darlings set for support June 25, 2012 BRITISH No1 Andy Murray and wildcard Laura Robson today begin their respective attempts for Wimbledon success, with the former hoping home support can inspire him to a first grand slam title. “I think that when you look over the years it has normally helped players raise their game by being at home,” said Murray, who [...]
Euro’s deluded alchemists were chasing fool’s gold all along June 25, 2012 WHAT is most upsetting about the Eurozone project is that it was based on a giant lie, one all too familiar in other contexts across the wealthy Western world. Europeans were told that they would be able to stay rich without having to work harder or change their ways: the single currency was meant to [...]
Russia’s potential in financial services is a prize the City should unwrap June 24, 2012 IT’S ASTONISHING that you can travel by train from the heart of the City of London right to the Pacific at Vladivostok, crossing nine time zones and an eighth of the world’s landmass on the way. Sadly, the pace of business doesn’t allow such journeys anymore, so I will be taking my business delegation to [...]
Daimler in deal with Deripaska to produce more cars in Russia June 21, 2012 DAIMLER has announced a major new deal that will see its vehicles manufactured in Russia for the first time. The contract with the German car firm will see hundreds of vehicles made at the main plant of Russia’s GAZ company. Daimler is to invest more than €100m and Gaz €90m in the project. Start of [...]
England and Italy look set to go the distance June 21, 2012 ENGLAND ITALY Sunday – 7.45pm BBC One THE 2012 European Championships have been highly entertaining so far but, going into the quarter-finals, there isn’t one team that you could say is a certainty to win it. Germany, the only nation to emerge with a 100 per cent record from the first round, have been most [...]
IMF bolsters its crisis-fighting fund to $456bn June 19, 2012 THE INTERNATIONAL Monetary Fund (IMF) has bulked up its war chest to $456bn (£290bn) after 12 new countries contributed cash. Emerging powerhouse China added $43bn to the crisis-fighting reserves, while India, Russia and Mexico provided $10bn each. The UK will put in $15bn. “These resources are being made available for crisis prevention and resolution and [...]
Evraz plans to spend $6bn to meet demand June 19, 2012 RUSSIAN steel and mining group Evraz yesterday set out plans for $6bn (£3.8bn) of capital spending through the next four years as it seeks to meet growing global demand for railways and pipelines, particularly in North America. Evraz, Russia’s largest steel producer and part-owned by billionaire Chelsea FC owner Roman Abramovich, said it plans capital [...]
What Britain must do to win back investors from a surging Germany June 19, 2012 BRITAIN is on the verge of losing its foreign direct investment (FDI) crown. After a 15 year record as the leading European destination, the investment tide has begun to flow away. While the UK remains Europe’s top destination for inward projects, we will lose this crown to Germany, within two years, unless action is taken. [...]
The euro may rise despite the crisis June 19, 2012 THE Eurozone is in crisis and it is impossible to argue otherwise. For years, the governments of member states spent more than they were able to collect from their citizens in taxes. So they went to the debt markets to make up the shortfall. The markets took the view that the stronger Eurozone nations would [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 18, 2012 FINANCIAL TIMES Sants: City’s status under threat London’s position as a global financial centre is under threat because the UK financial sector is not rethinking its business models quickly enough in the face of a new political atmosphere and regulatory change, says Hector Sants, the departing chief executive of the FSA. Sants warned that banks, [...]