RCEP or CPTPP: Will Asia finally agree a trade deal? January 14, 2020 It is occasionally worth revisiting where Asia is with its expansive and highly complex trade negotiations, given that one can often get lost in the acronyms and fanfare of the latest set of talks. The first major attempt, an agreement with 11 signatories called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) or TPP11 — [...]
JPMorgan Chase kicks off US earnings season with record annual profit January 14, 2020 JPMorgan Chase brought in a record annual profit in 2019, its fourth-quarter results showed today, outstripping analysts’ expectations as it kicked off the US earnings season in fine style. The US’s biggest bank was boosted by a marked increase in bond trading as the global economy was shaken by the trade war between Washington and [...]
Endeavour calls off merger talks with gold miner Centamin January 14, 2020 Endeavour has called off attempts to merge with London-listed miner Centamin, after it said it would not extend the deadline for the Canadian corporation to make an offer. Shares in the UK firm fell eight per cent after the announcement was made. The two firms have been in talks since early December, when Endeavour went [...]
Fidelity’s cryptocurrency arm makes first move into Europe January 14, 2020 The cryptocurrency arm of investment giant Fidelity has made its first foray into Europe, striking a partnership with a London-based crypto asset manager. Fidelity Digital Assets will act as a custodian for a bitcoin held by Nickel Digital Asset management, the two companies announced. The partnership is designed to help address the lack of back-office [...]
Museum of London lodges application for Smithfield Market move January 13, 2020 The Museum of London has submitted its plans to relocate to Smithfield Market, claiming that the new site could become one of the capital’s top-10 tourist attractions. The move would be a part of the wider project to move the historic Smithfield meat market, along with New Spitafields fruit and vegetable market and Billingsgate fish [...]
Flybe ‘near collapse’: What do we know so far? January 13, 2020 Flybe, the biggest regional airline in Europe, is said to be on the brink of collapse. Sky News reports the carrier is engaged in a frantic bid for emergency funding, and the government is also said to be involved in the talks – which come just four months after Thomas Cook went bust in late [...]
Signs of an economy trying to grow January 13, 2020 The capital starts the new decade with a spring in its step. In fact, it bounced along nicely (and ahead of the rest of the country) throughout last year, and still found space to cash in some pent-up investment in the wake of Boris Johnson’s electoral victory. London’s dominance is a familiar story, but given [...]
The sweetest thing: Ben & Jerry’s CEO on why businesses need a higher purpose January 13, 2020 What is the purpose of business? Should companies focus purely on selling their products and making money for their shareholders, or do they have a responsibility to give something back to the planet and try to do good? It’s a pertinent question, and one that has become increasingly relevant over the last decade. Nor is [...]
The City should be proud of its world-class cultural scene January 13, 2020 When I decided the themes for my mayoral year, I was determined to show my support for culture, heritage and the arts, which are at the heart of life in the City and a driving force for the UK’s economic growth. Our world-leading culture offer encourages us to think differently about ourselves and our lives. [...]
BBC to move two-thirds of jobs outside London as it doubles down on regions January 12, 2020 The BBC plans to have two-thirds of its employees based outside London by 2027 as the embattled broadcaster hits back at accusations of metropolitan bias. Director general Tony Hall said the corporation had a responsibility to “serve everyone” and “reflect every part of the UK”. Read more: Samira Ahmed claims victory in BBC equal pay [...]