Would likely election winner Hillary Clinton be better for the US economy than her predecessor Barack Obama? October 31, 2016 Molly Kiniry, a consultant at the Legatum Institute, says Yes. On their first day in office, US Presidents are handed the nuclear launch codes, but not a magic wand for the economy. Their commercial role is largely about projecting confidence and building trust. The US economy is inextricably linked to global markets, which are unwilling to [...]
Strong earthquake strikes central Italy October 30, 2016 An earthquake measuring 6.6 magnitude has struck central Italy this morning. The earthquake hit at around 7:40am local time and, its epicentre, according to data from the US Geological Survey, was near Norcia, which is approximately 70 miles northeast of Rome. There have been no reports of casualties at time of writing, although local media and residents have reported [...]
Now three Tata executives have quit, following ousted chairman out the door October 29, 2016 There's more going on in the Tata saga. Yes, more. Apparently three senior group executives at Tata Sons have resigned, as the conglomerate's management crisis worsens. Sources told Reuters the executives who quit were HR chief N.S. Rajan, group business development and public affairs head Madhu Kannan, and group strategy executive Nirmalya Kumar. Read more: Tata [...]
Polls could well be wrong on US election just like they were with Brexit, says Nigel Farage October 29, 2016 Nigel Farage had some words of warning for those dismissing Donald Trump's chances in the US presidential election. Speaking on his LBC show, the former Ukip leader said: "They thought Brexit wouldn't happen." Discussing his appearance in Mississippi alongside the Republican presidential candidate, Farage said: "I was there to talk about Brexit and possible crossover with the [...]
This is not a drill: The EU-Canada trade deal is finally being signed tomorrow October 29, 2016 It's happening, it's finally happening. Canada and the European Union will sign a landmark deal tomorrow, after the Belgian government struck a deal with regional representatives from Wallonia on Thursday. Mission accomplished! Just agreed with PM @JustinTrudeau to hold EU-Canada Summit this Sunday — Charles Michel (@eucopresident) October 28, 2016 Can you feel the relief [...]
World Bank appoints Kristalina Georgieva as chief executive October 29, 2016 Kristalina Georgieva has been appointed chief executive of the World Bank. The Bulgarian will effectively replace Sri Mulyani Indrawati, the bank's managing director and chief operating officer, though the title of chief executive is newly created. Indrawati was appointed Indonesian finance minister in July. Georgieva, the former head of EU humanitarian affairs and vice-president of [...]
Hillary Clinton demands FBI release information in fresh email probe “without delay” October 29, 2016 Hillary Clinton has demanded the FBI "immediately" explain its review of a new batch of emails, that the agency said seemed to be pertinent to the previous investigation into her use of a private server. The Democratic presidential nominee has called on the FBI director James Comey to explain the new inquiry to the American people. [...]
Here’s what will happen to the US economy if Donald Trump is elected and enacts all the policies he’s announced October 28, 2016 Much time and energy has been spent decrying Donald Trump for his insults, on social media and otherwise, which are aimed at Hillary Clinton and many, many others. But what about if Trump actually wins, and implements the policies he's announced during his campaign? Researchers Didier Borowski and Philippe Ithurbide at Amundi Research have analysed Trump's [...]
Chinese search engine Baidu reports dip in revenue and warns of further declines in the fourth quarter October 28, 2016 Shares in Chineses search engine giant Baidu have dipped by 2.1 per cent in out of hours trading after the company warned that revenue would decline further in the fourth quarter of 2016. The figures Revenue dropped 0.7 per cent to 18.25bn renminbi (£2.21bn), with mobile revenue representing 64 per cent of the total during the [...]
The French economy returned to growth in the third quarter, but it’s far from formidable October 28, 2016 The French economy grew again in the third quarter of this year, after contracting in the second quarter – suggesting things are beginning to look up across the Channel. Figures from French statistics authority Insee showed GDP grew 0.2 per cent between July and September, up from a 0.1 per cent contraction in the quarter [...]