Business secretary Greg Clark to hone in on industrial strategy in raft of meetings with companies next week

whatsapp The House of Commons BEIS Committee has consulted with companies such as Airbus, ARM Holdings, Rolls Royce and Aston Martin in probes and roundtables about what the government’s industrial strategy should prioritise. Clark has previously said industrial strategy “has to be local” and should be about “constantly looking to create conditions to be open to new competitors and indeed to new industries that may not exist anywhere today but which will shape our lives in the future”. Read more: Business groups demand Greg Clark intervenes to boost productivity Thursday 5 January 2017 10:23 pm whatsapp The discussions would be an opportunity to float early plans for the green paper ahead of its expected publication in mid-January.Read more: The UK economy doesn’t need an industrial strategy – it needs liberationIndustrial strategy has come to the forefront under new Prime Minister Theresa May. It was first announced as a policy priority when May merged the former departments of Business, Innovation and Skills and Energy and Climate Change last July, creating the Department for Business, Energy and Industrial Strategy (BEIS). May has identified sectors, many relating to technology, such as robotics, artificial intelligence, medical technology and satellites as areas that could benefit from government support under her flagship industrial strategy plan.Read more: Don’t fear: The PM’s industrial strategy won’t take Britain back to the 70s Share “The business secretary meets with businesses regularly,” a BEIS spokesperson told City A.M.  Francesca Washtell and Mark Sands Business secretary Greg Clark is expected to hold meetings with a raft of companies next week to discuss industrial strategy ahead of a green paper due out later this month. City A.M. understands Clark will be in meetings throughout the week with business figures from a range of industries to discuss the UK’s nascent industrial strategy. Business secretary Greg Clark to hone in on industrial strategy in raft of meetings with companies next week Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUndoPensAndPatronTori Roloff Confirms Sad Family NewsPensAndPatronUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndo read more

Starbucks to hire 10,000 refugees in response to Donald Trump’s Muslim travel ban

Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoHealthyGemBaby Has Never Eaten Sugar Or Carbs, Wait Till You See Her TodayHealthyGemUndo Monday 30 January 2017 6:51 am Helen Cahill Coffee house chain Starbucks said it will hire 10,000 refugees globally over the next five years in response to US President Donald Trump’s travel ban.The company’s chief executive Howard Schultz said in an open letter that the “American Dream” was “being called into question” by Trump’s latest executive order. Trump has blocked visitors from seven mainly Muslim countries from entering the US. Schultz said: I write to you today with deep concern, a heavy heart and a resolute promise… We are living in an unprecedented time, one in which we are witness to the conscience of our country, and the promise of the American Dream, being called into question. He said the company was doing everything possible to look after its employees who were affected by the ban and that it would be focussing on hiring refugees in the US, specifically those that had served or helped the US military. “In the face of recent events around the world, let me assure you that we will stay true to our values and do everything we can possibly do to support and invest in every partner’s well-being while taking the actions that are squarely within our ability to control,” Schultz added.Tech firms throughout the world have been particularly vocal about the travel ban, saying that it was “at odds” with their values. Starbucks to hire 10,000 refugees in response to Donald Trump’s Muslim travel ban Share whatsapp whatsapp Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamour20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapMore People Now Use YouTube Than Facebook or Instagram – What Happened?The WrapNFL nixes Pittsburgh Steelers’ training camp plan; team to train inSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapSmoking and Hair Loss: Are They Connected?Vegamour read more

Theresa May steps up Brexit charm offensive, reassuring City chiefs at Downing Street and Morgan Stanley party

Prime Minister Theresa May has been stepping up a City charm offensive in recent weeks, hosting top bankers and asset managers at Downing Street, City A.M. can reveal.It is understood an hour-long meeting at No 10 in late February was attended by Aberdeen Asset Management boss Martin Gilbert, Schroders’ Peter Harrison, Barclays chief Jes Staley, HSBC chairman Douglas Flint and Allianz vice chair Elizabeth Corley. whatsapp whatsapp Those in the City more generally are concerned Brexit will mean the end of the valuable rights they currently enjoy, such as passporting, which is a complex set of rules allowing UK financial firms to do business in the other EEA states and vice versa.Many firms are now mulling whether they will need to move some of their operations out of London in an effort to keep one foot in the EU following the UK’s departure. Morgan Stanley, which was a major donor to the Britain Stronger in Europe campaign, has recently been reported to be considering moving about 300 of its jobs currently in London to either Dublin or Frankfurt. The bank has since stressed that no final decision has been made. Meanwhile, HSBC’s Flint has previously warned up to 1,000 jobs at his bank will have to be moved out of London to elsewhere in Europe, most likely Paris, to ensure it can continue with business as usual following Brexit. May is expected to pull the trigger on Article 50, which starts the UK’s formal process for leaving the EU, in a matter of days. She has previously given herself a deadline of the end of this month.  It also emerged today that May attended a Morgan Stanley drinks party at the British Museum last night Read more: Over half of bankers say they like this bit of red tapeSky News first reported May had used the lavish affair to reassure City figures present, including Morgan Stanley chief executive James Gorman, as well as Gilbert and Flint, she would protect the status of the City of London as she heads to the Brexit negotiating table. She also attempted to calm fears the financial sector would be faced with a cliff-edge.Speaking at an Association of Investment Companies conference in London today, Gilbert said that, after the meetings, he was “confident she will negotiate really well”.He said: “She actually does get what is necessary to do the transition arrangements. As you know, what we want – what all of us want, especially the investment banks – one, is a transition arrangement after the two years so we don’t have a cliff-edge. Thursday 9 March 2017 7:30 pm “And we want grandfathering. So we want grandfathering of contracts or swaps. Those are the two key things.”Gilbert added: “She definitely gets the EU nationals point as well. She just doesn’t want to concede that until she gets the reciprocal arrangement on the other side. She’s definitely aware of all of these issues.“She does listen. And the meetings I’ve been at she listens to what financial services require.”Read more: Europe schmeurope: The UK will work with Japan on fintechThis is not the first time the Prime Minister has mingled with bankers to discuss Brexit. A few days after she delivered her landmark Brexit speech in January, she jetted to Davos to meet with bank bosses like Goldman’s Lloyd Blankfein and JP Morgan’s Jamie Dimon. Theresa May steps up Brexit charm offensive, reassuring City chiefs at Downing Street and Morgan Stanley party Share Hayley Kirton and William Turvill by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Liketibgez10 Signs & Symptoms of Lewy Body Dementiatibgezweniix.comLook The Future of Carsweniix.comWorld of sportTop 20 Healthiest Cities in America in 2021World of sportMiami Real Estate | Search AdsReal Estate Prices in Miami Might Surprise YouMiami Real Estate | Search AdsDo It HousesAntiques Roadshow’s ‘Youngest Collector’ Proves Art Admiration Comes At Any AgeDo It Housesanymuscle.com20 Signs That Your Kidneys Aren’t Working Properlyanymuscle.comHome Foundation FixFoundation Repair Cost May Be More Affordable Than Ever In 2021, Check OptionsHome Foundation Fixfashionblast.clubThese Boots Are Absolute Record Holders Among Autumn Shoes.fashionblast.clubManuka FeedFoods to Avoid with ArthritisManuka Feed More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org read more

Revealed: Deutsche Bank swipes another chunk from bonus pots, having already trimmed payouts for one in four staff

Many bankers seeking bumper bonuses will have been left disappointed this year. Collective bonus pots at the UK’s big five banks have shrunk five per cent year-on-year, including a one per cent cut at Barclays, despite the lender almost tripling its profits for 2016, and a 12 per cent cut at HSBC.Deutsche Bank declined to comment. Hayley Kirton Share whatsapp whatsapp Read more: This influential banker says the Trump bump has only just begunLast month, in an interview with German newspaper Frankfurter Allgemeine Sonntagszeitung, Deutsche Bank’s administrative chief Karl von Rohr said its total bonus pool had been cut “by almost 80 per cent”.Deutsche Bank, which is due to publish its annual report next week, has also previously said it would still pay additional awards to a limited number of staff in key roles who it can ill-afford to lose.Chief executive John Cryan also said in the past he hoped his firm could “resume normal service” for bonus awards next year, adding the decision to take an axe to bonus pots this year “wasn’t taken lightly”.Read more: Deutsche Bank promises it won’t be the first to leave London after Brexit Deutsche’s variable pay consists of two elements – an individual bonus, which is based on whether an employee has hit their targets, and a bonus from a group pool, which is calculated on the firm’s financial performance.Read more: US bankers’ bonuses are putting UK lenders to shameThe bank announced in January it would be canning individual bonuses this year for anybody with the words vice president, director or managing director in their job title, which is roughly 25 per cent of its 100,000 workers. Individual bonuses tend to form the bulk of each person’s payout.Bankers who received the dreaded “doughnut” (an individual bonus of £0) hoped they would receive the maximum group bonus, but have now been told they will get half that amount.The German banking giant recently launched an €8bn (£7bn) share issue to shore up its capital, following a tumultuous year. Deutsche reported back in February it was more than €1bn in the red for 2016. Revealed: Deutsche Bank swipes another chunk from bonus pots, having already trimmed payouts for one in four staff Monday 13 March 2017 10:24 pm Staff at Deutsche Bank have been dealt another blow after discovering the German lender’s group bonus pool is being cut in half.Bankers were told last week to expect a so-called “group bonus” equivalent to 50 per cent of the maximum amount they were due, City A.M. can reveal. read more

Aussie PM Morrison red-faced as photoshop gaffe gives him two left feet

first_img whatsapp It’s official, Australia’s Prime Minister has two left feet.PM Scott Morrison was left red-faced by his body parts yesterday as sharp-eyed Twitter viewers spotted a photoshop gaffe. August Graham Aussie PM Morrison red-faced as photoshop gaffe gives him two left feet Share Keen to cover up his scruffy footwear in a family portrait, the Prime Minister’s aides airbrushed out his shoes, accidentally giving him two left feet in the process. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal Pastmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyPaws ZillaLily From The AT&T Ads Is Causing A Stir For One ReasonPaws Zilla The clumsy mistake had users taking to Twitter to mock Morrison.https://twitter.com/pepeMcGee/status/1082801330354151424  Wednesday 9 January 2019 11:37 am whatsapp Morrison engaged with the outrage online, defending his choice of footwear and saying his staff acted without his knowledge.“I didn’t ask for the shoeshine, but if you must Photoshop, please focus on the hair (lack thereof), not the feet!” he said.https://twitter.com/ScottMorrisonMP/status/1082744537733201920 However, the incident could dent Morrison’s credibility just months before he faces an election battle.“To be re-elected, Morrison needs everything to go right and ridicule is the absolute last thing he needs,” said Haydon Manning, professor of politics at Flinders University in South Australia.https://twitter.com/schnozzman/status/1082763234044604417  Tags: Trading Archivelast_img read more

The Brexit film was fun, but don’t mistake fiction for history

first_img City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. That’s not to take away from Cummings’ gift in seeing through all the crap surrounding the EU debate and distilling it down to the “take back control” message.Nevertheless, most of the surrounding characters in the Vote Leave team remained undeveloped in the film, becoming cartoon-like foils to the detriment of the story.Such a thin panorama allowed for a faster narrative in what was a relatively long campaign, but it left behind all the raging arguments that saw countless able figures departing Vote Leave unable to work under rigid constraints and indecision.Most notably absent was the role of Labour Leave, which left the Vote Leave umbrella at a fairly early stage of the campaign, while the portrayal of John Mills – a highly successful businessman and Labour’s largest private donor – as an out-of-touch dinosaur was hugely unfair.And where was the Remain campaign? Was it really all down to Craig Oliver on loan from Downing Street, as played by Rory Kinnear? whatsapp Wednesday 9 January 2019 4:37 am I expect, as a piece of history that the vast majority of viewers will have lived through and probably voted in, that Brexit: The Uncivil War was highly entertaining to most people who caught it on Monday night, irrespective of which way they had voted in the EU referendum.There was some impressive acting and clever dramatisation, but that’s all it was: a drama. It was not an objective fact-based documentary – and it admitted as such right from the get-go. Ironically all this infighting meant that there were a flurry of media stories being promoted by the totality of the competing Leave campaigns before designation was granted, and after that point the losers did not withdraw but instead focused on the ground war that Vote Leave put less faith in.Two hours for such a complex kaleidoscope was always going to disappoint if viewers were looking for the truth of what really happened. And for people with a close involvement, it probably only confirmed existing prejudices that justify their views on Brexit today, whatever those may be.That’s why Brexit: The Uncivil War should not be mistaken for a history lesson. Let’s take it as an entertaining political knock-about – and leave it at that. Share Brian MonteithBrian Monteith is a former member of the Scottish and European parliaments whatsapp Already there are claims being made based upon what it portrayed to suggest that one side was more Machiavellian, shady, or even downright evil than the other.First, let me say, from my partial view as head of press at Leave.EU and having been involved closely in three referendums before it, that making any political claims based upon what was portrayed in a fictional context is utterly pointless.Let us remember that the EU referendum was the largest democratic vote in British history, and that with such a close result – with Leave polling 17.4m against Remain’s 16.1m – there were so many variables contributing towards the end result that there was unlikely to be any single thing that swung the vote one way or another.That includes giving credit and criticism to either of the two main campaigns. Indeed, I would argue that in the end Vote Leave won despite all its campaigning, not because of it – and I know I am not alone in holding that view.Benedict Cumberbatch stole the show, as he so often does, making the Vote Leave campaign strategist Dominic Cummings far more likeable than most people I’ve known who worked with him might say. The Brexit film was fun, but don’t mistake fiction for history Of course not, but one could be forgiven for thinking that the whole period was about Tory wars, with the roles of Tony Blair, Nick Clegg, Paddy Ashdown – not to forget the contributions of President Obama, Richard Branson, and other big names in business and politics – played down to the point of irrelevance.Arguably, such individuals made a significant contribution, although I suggest that it may have encouraged more people to vote Leave than Remain.And on the double standards, while much was made about the use by Cummings of Aggregate IQ to conceive and direct social media advertising – which was apparently okay for Obama but became sinister when deployed in the UK – there was no attention given to the obscene use of £9m of taxpayers’ money to produce and deliver to every home in the land a government brochure arguing for Remain. That could have provided balance.Another point quickly glossed over by James Graham’s screenplay was that the Remain campaign had no contest in winning official designation from the Electoral Commission. From the beginning it could focus on winning on its own terms – yet it still failed miserably.By contrast, Cummings and his Vote Leave team had to first defeat Arron Banks and Leave.EU, then Grassroots Out, after Banks decided to withdraw and back the new group as a means to establish a broader campaign. Opinion Tags: Trading Archivelast_img read more

Asian stocks slump amid fears of global economic slowdown

first_img Fears of a global economic slowdown took its toll on Asian markets overnight, as stocks slumped amid growing investor caution.Read more: Fed slows balance sheet reduction and holds line on rates Monday 25 March 2019 7:36 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OraclePost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMisterStoryWoman files for divorce after seeing this photoMisterStoryHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemPets DetectiveAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongPets Detective whatsapp Tags: Company Eurozone FTSE 100 Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamour’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamourRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe Wrap Joe Curtis whatsapp Madden added: “US equity index futures are now in the red due to worldwide sell-off, but they opened higher on the session when the US attorney general, William Barr, said the Mueller investigation did not find sufficient evidence that Donald Trump colluded with Russia during his 2016 presidential campaign.”On Friday the FTSE 100 closed down two per cent as poor Eurozone economic data added to concerns. Japan’s benchmark Nikkei 225 index tumbled 3.1 per cent, as trading opened on Monday after a week of unrest across global markets.Hong Kong’s Hang Seng index also dipped 1.6 per cent and the Shanghai Composite fell one per cent in afternoon trading.A dovish decision from the Federal Reserve to hold interest rates and a swathe of downbeat US and European data last week knocked positive investor sentiment last week.“Overnight, stocks in Asia sold-off heavily as concerns for the health of the global economy weighed on sentiment. Heavy losses were sustained in Japan and China,” according to David Madden, market analyst at CMC Markets UK.Read more: Euro drops as Eurozone manufacturing activity hits six-year low Asian stocks slump amid fears of global economic slowdown Share last_img read more

Extinction Rebellion protests: Eco-activists plot Heathrow shutdown at the start of Easter bank holiday weekend

first_img Share Read more: Climate change activists denied bail after DLR glue protestThe protesters are planning to meet at a petrol station near the airport at 8am tomorrow, the Evening Standard reported, citing leaked Whatsapp messages.“Tomorrow we raise the bar. We are going to shut down Heathrow,” the message said.“There is a deep remorse for those whose holiday and family plans will be disrupted tomorrow.“It is not our intention to cause further separation. However, the aviation industry needs to be targeted and we are all aware of the deep, structural change that needs to come.” Climate change activists are planning to shut down the UK’s busiest airport tomorrow to coincide with the Easter bank holiday weekend, according to reports.Extinction Rebellion has called on supporters to meet at Heathrow Airport on Good Friday as thousands of holidaymakers prepare to depart for the long weekend. Thursday 18 April 2019 2:24 pm Extinction Rebellion protests: Eco-activists plot Heathrow shutdown at the start of Easter bank holiday weekend Jessica Clark The continued disruption is likely to ramp up pressure on London mayor Sadiq Khan to bring the demonstrations, which are expected to last at least two weeks, to a close.Heathrow Airport said it was working with police to address threats of protest that may disrupt the airport.”While we respect the right to peaceful protest and agree with the need to act on climate change, we don’t agree that passengers should have their well-earned Easter Break holiday plans with family and friends disrupted,” Heathrow said in a statement this afternoon. “Passengers should contact their airlines for up to date information on their journeys.”The planned action at the airport comes at the end of a week of demonstrations that has seen major London roads closed to traffic and more than 400 people arrested across the capital.center_img Piccadilly Circus / Extinction Rebellion – Piccadilly Circus is being blocked intermittently by demonstrators. Use alternative routes where possible. Regent Street remains closed northbound. pic.twitter.com/K0JJOWRhht— TfL Traffic News (@TfLTrafficNews) April 18, 2019Extinction Rebellion has vowed not to stop its protests until the UK government commits to a cabon-free economy by 2025. whatsapp whatsapp Tags: Climate change People Sadiq Khan by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStory Earlier today, three protesters were remanded in custody until 16 May after pleading not guilty to charges of obstructing the railway following a demonstration at Canary Wharf station yesterday.Police arrested three people at Canary Wharf station yesterday after protesters glued themselves to a Docklands Light Railway (DLR) train, causing disruption to the line.The Metropolitan Police and British Transport Police (BTP) have so far made in excess of 428 arrests in the Extinction Rebellion campaign, which has blocked traffic in Oxford Circus, Parliament Square, Piccadilly Circus, Marble Arch and Waterloo Bridge.Read more: Climate change protesters block Vauxhall BridgeProtesters descended upon Vauxhall Bridge this morning, blocking traffic with so-called swarming tactics that saw them stand in front of vehicles at traffic lights for five minutes at a time.last_img read more

US inflation tepid ahead of Fed rates decision

first_imgGlobal trade tensions and signs of a slowing US economy have led the markets to price in a series of interest rate cuts this year. Read more: Trump attacks euro and repeats criticism of Fed whatsapp The US central bank board meets on Wednesday to decide its next interest rates decision. Chairman Jay Powell said last week the Fed would “act as appropriate to sustain the expansion” of the economy in the context of global trade tensions. Wednesday 12 June 2019 3:21 pm Yet the labour department data showed a robust rise in inflation in both healthcare costs and rent. US consumer price inflation slowed in May, official data revealed today, in news that could add to pressure on the country’s central bank to cut interest rates. The news comes a day after US President Donald Trump called “very low inflation” a “beautiful thing”, but said the Federal Reserve’s interest rate was “way too high”. The consumer price index (CPI) rose 1.8 per cent in May compared to a year earlier, down from the two per cent rate seen in April, statistics from the US labour department revealed. A significant drop in the price of energy offset rising food costs, the labour department said. He said: “We don’t think the Fed will cut interest rates imminently. But we expect that a further slowdown in economic growth, together with still muted inflation, will be enough for the Fed to pull the trigger and begin cutting rates later this year.” The overall CPI increased 0.1 per cent in May month on month. This compared to a 0.3 per cent rise in April.center_img The dollar fell against the euro following the data release, but has since regained lost ground. It was up 0.1 per cent against the single currency to buy €0.889 by 3.15pm UK time. Michael Pearce, senior US economist at Capital Economics, said the muted inflation figures were “not enough to prompt the Fed to cut interest rates, but we think it means they will not hesitate to act if economic growth slows further”. US inflation tepid ahead of Fed rates decision NEW YORK, NY – MAY 30: People shop along Broadway in lower Manhattan on May 30, 2019 in New York City. New numbers released by the Commerce Department on Thursday show that the U.S. economy grew by 3.1% to start the year, slightly better than expected. (Photo by Spencer Platt/Getty Images) Harry Robertson Read more: Dollar falls as US economy adds just 75,000 jobs in May Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionMisterStoryWoman files for divorce after seeing this photoMisterStoryDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyElvenarIf You Are Above 30, this Fantasy Game is a Must-Have. No Install.ElvenarNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinancelast_img read more

It’s not just cricket – finance and friendship underpin Britain’s bond with India

first_img Share It’s not just cricket – finance and friendship underpin Britain’s bond with India We are at the start of a journey into an exciting future. This is why I’m backing India, its government’s plan for prosperity, and its prospects for success. It means India will be a great power in the twenty-first century, whose influence is likely to increase hugely and which will become a world leader in key markets including financial services, global currency trading, and fintech – markets in which the UK is also a pioneer. We have a lot to offer India too – the UK is firmly established in financial trading markets and already accounts for 37 per cent  of global foreign exchange trading worldwide – expertise we can share with India as they take their currency global. LONDON, ENGLAND – SEPTEMBER 07: Alastair Cook of England shakes hands with Virat Kohli of India is given a guard of honour as he walks out to bat during day one of the Specsavers 5th Test between England and India at The Kia Oval on September 7, 2018 in London, England. (Photo by Gareth Copley/Getty Images) Tuesday 16 July 2019 4:09 am Opinion As the UK looks to the future, we now want to tighten relations with our closest international allies, to create wealth and jobs on both sides. This week, I’m talking to ministers in the Indian government about further opportunities, including getting the UK stronger access to the Indian financial services market.  India boasts the world’s fastest-growing trillion-dollar economy and the sixth largest overall. Prime Minister Narendra Modi has just been re-elected and has stated his intention to make India a $5 trillion economy by the end of his term. It is a family affair, with parents and children, brothers and sisters  living, working and moving between our two great nations. After three years, the UK is really starting to show what a well-planned international trade policy can deliver for the UK and its partners. This work is all the more crucial with the global headwinds beginning to change. It is no surprise then that such a strong and committed bond brings substantial mutual prosperity, and the economic side of our relationship is worth £20bn a year and growing all the time.center_img whatsapp whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com For all these reasons, the UK is committed to growing the bilateral trading relationship, and the City of London is perfectly placed to help. It is already playing a crucial role in the internationalisation of the rupee, which will give India the advantage it needs on the world stage and shows just some of what the UK can do for India’s economic transformation as it moves into becoming a services-led economy.  Last year, our respective Prime Ministers announced new collaboration on financial services marrying British financial and regulatory expertise with Indian leadership in technology – leading to an agreement for fintech regulation, joint work on pensions systems and regulation, and the training of insolvency professionals in India. The deep love of cricket that the UK and India share was clearly on show last week. But our relationship goes much further than just a passion for sport.  The UK’s foreign direct investment stock in India also grew by 9.4 per cent in 2017 alone, and is currently worth £14.4bn, illustrating the strong foundations we are building upon, and the opportunities to invest more in each other’s economies as we grow together. Main image credit: Getty City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. The UK’s position as a world-leading finance hub and the European fintech capital also makes us perfectly placed to support India’s aspirations to develop its financial infrastructure and tap into global sources of capital. Liam Fox last_img read more