US-Russia relations: Clinton to aggressively push “containment” in post-Cold War world while Trump could reset policy August 24, 2016 A Donald Trump presidency "would open the possibility of a significant improvement in US-Russia relations, albeit with some major caveats", according to BMI Research. Trump has espoused "an unusually Russia-friendly foreign policy, to the extent that his domestic opponents have labelled him as President Vladimir Putin's favoured candidate," BMI said in a new report. In July, [...]
Italy earthquake leaves at least 120 dead August 24, 2016 A deadly earthquake rocked central Italy overnight leaving an unknown number of people trapped beneath rubble. The 6.2 magnitude quake – which struck at 3:36am local time 65 miles north-east of Rome – has left at least 120 people dead and many more missing, as rescuers search for survivors. The army was mobilised to help with special heavy equipment and the [...]
Euro edges down as German GDP growth slows in the second quarter August 24, 2016 The German economy slowed in the second quarter, but its budget surplus jumped in good news for Angela Merkel ahead of next year's crucial elections. The euro fell slightly against the dollar, down 0.3 per cent to $1.1276 in early trading, after statistics body Destatis showed growth had fallen to 0.4 per cent, down from 0.7 per cent [...]
Valeant’s share price climbs after new CFO appointment August 23, 2016 Shares in Canadian drug giant Valeant have continued to climb today following yesterday's appointment of rival drug maker Zoetis' Paul Herendeen as its chief financial officer, replacing Robert Rosiello. The move marks another step in Valeant's overhaul of its senior management team following its fall from grace almost 12 months ago, sparked by tweets from US presidential hopeful Hillary Clinton [...]
Best Buy’s share price has jumped ahead of the opening bell August 23, 2016 Shares in the largest US consumer electronics retailer Best Buy have leapt ahead of the opening bell in New York after posting a rare rise in sales. An hour ahead of the open the company's shares were 16 per cent higher at $38.18 in pre-market trading. The boost to shares came from an up-tick in forecasts for the third [...]
Uber’s former rival Didi launches car rental service August 22, 2016 Not satisfied with winning the ride-sharing wars with Uber after merging in China, Didi is now expanding into other car services. It's launching an online car rental service in the country to capitalise on the billions of domestic tourist trips made throughout the country, which is expected to grow to 5.8bn by 2020. Read more: Uber [...]
Tyra Banks is the latest celebrity to teach on an MBA programme with her upcoming class at Stanford University August 22, 2016 MBAs are officially cool again, as Tyra Banks has become the latest celebrity to jump aboard the professorial band-wagon. The former host of America's Next Top Model and Emmy Award-winning talk show host will co-teach a class on personal branding at Stanford University next May. Banks will make her teaching debut for two weeks on the [...]
A Global Free Trade Alliance should be Britain’s stunning post-Brexit future August 22, 2016 “You see things; and you say ‘Why?’ But I dream things that never were; and I say ‘Why not?’” – George Bernard Shaw If the EU isn’t Britain’s future, then what is? Surely, part of the answer lies in the Drakean vision I have put forth in previous columns, forging far closer economic ties with the [...]
Janet Yellen to talk interest rates and Fed shake-up at Jackson Hole August 21, 2016 The Federal Reserve's No. 2 ratesetter has signalled the US economy should prepare for a rate rise in the near future, as Janet Yellen gears up to make a key intervention at the annual central bankers' gathering at Jackson Hole, Wyoming. Stanley Fischer, vice chairman of the Fed said this afternoon he believed the US would [...]
US Fed logs on to Facebook to boost visibility August 18, 2016 The US Federal Reserve has created a Facebook page, adding to its existing Twitter, YouTube, Flickr and LinkedIn pages. The Fed, often criticised for its communication methods, said in a statement it aims to “increase the accessibility and availability” of its “news and educational content” using Facebook’s likes, comments and shares. But will the opportunity to [...]