Chinese industrial duo Yinyi Group and Impro to battle it out for Doncasters October 18, 2016 Two Chinese industrial firms, Yinyi Group and Impro, have emerged as two of the bidders for engineering giant Doncasters. According to Sky News, the interest is tentative, but should it progress further, could test the government’s attitude on foreign ownership of British manufacturers. Read more: Winning HS2 bidder has to develop generation of UK engineering [...]
Eurostar cuts 80 jobs as it’s buffeted by Brexit and terror attacks October 18, 2016 Eurostar is cutting 80 jobs, following a downturn in passenger numbers and ticket revenue, which the train company has partly attributed to the Brexit vote. The company is also set to unveil a new international timetable in December, though it wouldn't confirm reports that it was cutting two daily trains to Paris and one to Brussels, after [...]
Harley-Davidson sales slam on the brakes in the US but shares bounce October 18, 2016 Harley-Davidson reported a fall in earnings today, after sales fell in the US – but sales in Canada, Europe and Asia Pacific were strong. The figures The iconic motorcycle brand said net income had fallen to $114.1m (£92.7m) in the third quarter, down from $140.3m last year, while consolidated revenue dropped to $1.27bn, from $1.32bn the year before. That pushed earnings per share to $0.64 in [...]
London named most powerful global city for fifth consecutive year October 18, 2016 The UK capital has been named the world’s most powerful city for the fifth year in a row, beating the likes of New York, Paris, and Tokyo to the top spot – though Paris is making gains elsewhere. The 2016 Global Power City Index, released today by Japan’s Mori Memorial Foundation, ranked London as the top [...]
Netflix shares soar thanks to Stranger Things boost, but it’s putting the brakes on its roll-out in China October 17, 2016 After much doom and gloom ahead of Netflix's third quarter update today, shares soared 20 per cent in after-hours trading after stronger than expected earnings. Global streaming revenue surpassed $2bn for the first time – up 36 per cent year-on-year, which Netflix attributed to its strong original content, including Stranger Things and the second series of [...]
Donald Trump is actually persuading people that the US election could be rigged October 17, 2016 Donald Trump's mad warnings that the US election could be rigged are having a drastic effect on the electorate. A new poll out from POLITICO/Morning Consult found that 73 per cent of Republicans think the US election could be swiped from him. Across the voter spectrum, 41 per cent think November's election could be "stolen" from [...]
Eyes on Draghi as Eurozone inflation hits two year high October 17, 2016 Inflation across the Eurozone hit a two-year high in September in more good news for Mario Draghi in his war with stagnant prices and sclerotic growth. Prices rose by 0.4 per cent over the 12 months to September, Eurostat said this morning, as measured on the consumer prices index (CPI). That was in line with [...]
We’re winning the war against Isis in Iraq but the peace has already been lost October 17, 2016 It is the saddest, and easiest, prediction to make in global political risk analysis today: we will “win” military victory in Iraq, only to lose the peace. For the dire, ghostly, maddening conclusion must be that the West and its Middle Eastern allies are incapable of learning from history. The press salivates about the imminent retaking [...]
Donald Trump stomps all over Mike Pence’s attempts to soften his claims that the US election is rigged October 16, 2016 Donald Trump is probably giving his running mate Mike Pence quite the headache. Pence had been trying to dampen Trump's latest incendiary comments about a "rigged" election, saying Trump was just referring to media bias, and emphasising they would "absolutely accept the result of the election". Read more: In quotes: The most shocking moments from [...]
Indian Prime Minister threatens to fracture Brics summit calling Pakistan ‘mothership of terrorism’ October 16, 2016 India’s Prime Minister Narendra Modi called Pakistan the “mothership of terrorism” at a Brics summit today, highlighting tensions within the group. Member China is a close ally of India’s neighbour and rival. At several events over the weekend, Modi made comments emphasising the need for tough global action against Pakistan-based terror groups carrying out attacks [...]