Egypt and Morocco capital markets attract growing international recognition July 7, 2020 Heidi Raubenheimer, PhD, CFA, is head of Journal publications at CFA Institute. Experienced Board Member with a PhD focused in Business Management and Administration from University of Stellenbosch. CFA Institute has examined Africa’s 10 largest capital markets in a major report compiled by Heidi Raubenheimer, CFA, our senior director for journal publications. Here we highlight key [...]
London’s City University scraps Cass name from business school over slavery links July 6, 2020 London’s City University has dropped the name of its Cass Business School over its 18th-century namesake’s links to the slave trade. The school, which frequently ranks in the world’s top MBA programmes, today said it will be renamed City’s Business School after a unanimous ruling from its shareholders found the name was “incompatible with City’s [...]
COP26 has been delayed, but the City’s charge against climate change continues July 6, 2020 Businesses and households across the world have been hit hard by Covid-19, but as we move to the next phase of recovery from the pandemic, it is vital that we keep the fight against climate change top of the agenda. That’s why last week, to mark London Climate Action Week, we announced a major summit [...]
‘Serious concerns’ raised over government’s export credit agency July 6, 2020 The government’s export credit agency could be “cutting corners” as it races to finance the post-coronavirus and post-Brexit trade drive, raising “serious concerns” about the UK’s future trading relations, according to a new report. A report released today by anti-corruption campaign group Spotlight on Corruption found that UK Export Finance (UKEF), the UK’s export credit [...]
Aviva CEO Maurice Tulloch steps down with immediate effect for ‘family health reasons’ July 6, 2020 Aviva chief executive Maurice Tulloch has stepped down from the role with immediate effect for “family health reasons”, the insurance giant said today. Non-executive director Amanda Blanc will take on the CEO role from today, Aviva said, after joining the board at the start of the year. She was previously CEO, EMEA & Global Banking [...]
Former Tory PM advisers call for government to spend big on coronavirus recovery July 6, 2020 A group of former economic advisers to a string of Tory prime ministers and chancellors have called for a swathe of jobs programmes and fiscal spending to aid the UK’s economic recovery. The group called for £30bn investment into high growth firms, a new retraining fund, a doubling of further education funding and tax reform. [...]
HSBC to invest further in China amid row over support for Hong Kong law July 3, 2020 HSBC has announced plans to make new investments in its wealth management and insurance operations in mainland China, after coming under fire for backing the controversial new security law in Hong Kong. The UK-based lender has been criticised by investors and politicians over its support for the new National Security Law in Hong Kong, which [...]
Equality is a business imperative, so let’s close the ethnicity pay gap July 3, 2020 I am often asked how business leaders decide who is the best candidate for a team or an organisation. Of course, there’s no one reason or answer. It’s about understanding the relevance of skills you need and the context of the role you are hiring for. You might be looking to create energy and pace [...]
Tesla shares accelerate as car deliveries top estimates July 2, 2020 Shares in Tesla popped eight per cent as trading began today, after it posted second-quarter delivery numbers that surpassed expectations. Tesla delivered 90,650 vehicles during the quarter, above estimates of 74,130 vehicles, according to Refinitiv data. It delivered 80,050 units of its new Model Y sport utility vehicle and Model 3 sedan for the quarter. [...]
Tesla surpasses Toyota to become world’s most valuable carmaker July 1, 2020 Electric carmaker Tesla today became the world’s most valuable automobile manufacturer, eclipsing Toyota to take the crown. Tesla’s market value is now at $208bn, as shares rose more than five per cent to reach record highs of $1,132 earlier today. In comparison, Toyota was worth approximately $202bn following a small drop in its Japan-listed shares [...]