Brexit vs. Business: Thanks to Covid-19, we’ll never know who was right June 12, 2020 Let’s start with some good news: Unilever has put its faith in Britain. The Dutch-Anglo consumer goods giant, owner of iconic brands from PG Tips to Marmite, announced on Thursday that it was unifying under its UK listing. How times have changed. A mere 18 months ago, Unilever was trying to move its headquarters to [...]
Face masks and all bags in the hold: Government sets out air travel advice June 11, 2020 The Department for Transport has today laid out plans for safe aviation travel, setting out measures airlines and airports should implement to protect passengers. In line with other forms of public transport, passengers are told to wear face masks on planes and in airports, and are also encouraged to check all bags including hand luggage [...]
European business networks join calls to quash quarantine plan June 11, 2020 Business networks which support the UK’s trade relationships with its European neighbours have added their voices to the growing criticism of the government’s blanket quarantine plan. Eduardo Barrachina, president of the Spanish Chamber of Commerce in the UK, said that the plan “sent the wrong message” and risked putting the UK out of step with [...]
DEBATE: Is it time for western investors to abandon China? June 11, 2020 Is it time for western investors to abandon China? Alan Mendoza, executive director of the Henry Jackson Society, says YES. The phrase “caveat emptor” should be ringing in the ears of China investors. When it comes to business, western countries are waking up to Chinese policies that undermine free trade and distort the global market. [...]
ECB may expand bond buying in future but no need yet, says board member June 10, 2020 The European Central Bank (ECB) may expand its crisis-fighting toolkit in the future but is not planning to do so imminently, a board member said, playing down the possibility of the central bank buying bonds issued by banks or by junk-rated companies. The ECB last week boosted its Pandemic Emergency Purchase Programme to €1.35 trillion [...]
FOMC decision: Four things to expect from the Federal Reserve’s June meeting June 10, 2020 Policymakers at the US Federal Reserve are set to publish their first set of economic projections of 2020 later today when the Open Market Committee (FOMC) makes its June decision. The Federal Reserve is widely expected to leave interest rates near zero at its FOMC June decision. But all eyes are on the meeting for [...]
Mike Pompeo slams HSBC for ‘corporate kowtow’ to China June 10, 2020 US secretary of state Mike Pompeo has criticised HSBC for backing China’s moves to limit Hong Kong’s autonomy, accusing the British bank of a “corporate kowtow” to Beijing. Pompeo said the US stood ready to help Britain with alternatives after Beijing reportedly threatened to punish HSBC and break commitments to build nuclear power plants in [...]
EU must boost capital markets due to coronavirus and Brexit, say finance chiefs June 10, 2020 The European Union needs to deregulate its capital markets to help the economy recover from coronavirus and reduce its reliance on the City of London, according to a panel of industry executives. With huge amounts of debt being sold to counter the economic hit caused by Covid-19 and the bloc set to lose its major [...]
Corporate travel firms call for business air bridges to avoid quarantine June 10, 2020 The UK’s business travel sector has called on the government to create industry-specific air bridges to European business hubs in order to sidestep the current 14-day quarantine plan. In a letter to home secretary Priti Patel and transport secretary Grant Shapps, Clive Wratten, chief executive of the Business Travel Association, proposed three pilot travel corridors [...]
EXCLUSIVE: Dan Simerman talks Covid-19, Digital Assets and IOTA June 9, 2020 Dan Simerman is an investor and technical product manager well versed in consumer psychology, digital assets and open source software development. Dan has a history of building software for Fortune 50 financial institutions, multinational media companies and strategic consulting firms. As Head of Financial Relations at the IOTA Foundation, Dan’s goal is to support technology [...]