Star investor Jim Rogers predicts US recession within a year March 4, 2016 One well-known investor has said that he thinks there's a 100 per cent probability of the US economy sliding into recession within one year. Jim Rogers, the chairman on Rogers Holdings, told Bloomberg TV: "It's been seven years since we had the last recession in the US, and normally, historically we have them every four to seven [...]
Prime Minister David Cameron pledges £17m to France to deal with migrant crisis in Calais at press conference with French President Francois Hollande March 3, 2016 Prime Minister David Cameron has pledged to give France another £17m to deal with the migrant crisis in Calais. In a joint press conference with French President Francois Hollande today, Cameron said that the money would be used to help move people from the refugee camps in Calais to other migrant facilities in France. "If they [...]
France and Britain agree to invest £1.5bn on a drone project as they ramp up security ties March 3, 2016 France and the United Kingdom have sealed a £1.5bn deal to build a next-generation drone prototype as the two countries attempt to bolster security and military ties. The two allies announced they would spend the money developing next-generation ties at a French-Anglo summit in France, the first deal of its type since the tragic Paris attacks that [...]
EU referendum: France’s economy minister Emmanuel Macron says that Brexit could lead to Calais border moving migrant camp from France to UK March 3, 2016 If the UK votes to leave the European Union border controls at Calais could be dropped, allowing migrants to stream across the English Channel, France's economy minister Emmanuel Macron has warned. He said that if the UK votes for Brexit, France could drop the Le Touquet agreement it has with the UK that allows the [...]
EU migrant crisis: German Chancellor Angela Merkel considers tougher migrant laws following Cologne attacks January 9, 2016 German Chancellor Angela Merkel is considering changes to the law to make it easier to deport migrants who commit crimes, following sex attacks on women in Cologne. Condemnation following the attacks, which took place on New Years Eve and appeared to be co-ordinated, raisied a debate about Germany's open-door policy on migrants. Read more: Time Magazine [...]
Angela Merkel’s Berlin office reopened after German police give all-clear over suspicious package January 6, 2016 German police have given the area around chancellor Angela Merkel's office the all-clear after a suspected suspicious package was found to be harmless. The area around the chancellery in Berlin was cordoned off for a couple of hours while police assessed the situation this morning. The object was found during a routine security check at the entrance to [...]
Doing business out of the Third World November 1, 2005 Salman Rahman had to fight corruption, nationalisation and a cripplingly poor infrastructure as he established Beximco in his native Bangladesh. What do you do if you want a fax machine for your office? You get 113 signatures from various government departments, and permission from the security service. Sound absurd? That’s how it was in Bangladesh [...]
China GDP on a roll October 21, 2005 China’s economy recorded a whopping 9.4 per cent growth in the last quarter, leaving the anaemic economies of the West far behind. Growth exceeded analysts’ expectations as the Chinese juggernaut was bolstered by strong exports and high public spending. Real gross domestic product (GDP) grew by 9.4 per cent on last year on the back [...]
Advisers in all night Refco talks October 17, 2005 Refco held a second day of weekend meetings yesterday as a group of about 50 advisers gathered in New York in an effort to salvage the disgraced group’s regulated futures brokerage arm and determine the fate of its ailing operations. The advisers had begun emergency meetings on Saturday that stretched late into the night to [...]
Pithy returns for AIM’s Chinese newcomers October 13, 2005 Two AIM newcomers from China both reported strong trading performances yesterday. Asian Citrus, the largest orange plantation owner and operator in China and the biggest Chinese firm on AIM, reported its first full-year results since floating on 3 August. Pre-tax profits for the year to 30 June soared by more than 60 per cent to [...]