News

Sarah Provan 2019-12-12 07:54:06 General election splashed over front pages Election election. That’s what is all over the papers this morning as the daily broadsheets and tabloids take their positions. The centre-left Guardian leads with Labour leader Jeremy Corbyn urging voters to deliver “shock to the establishment” while the Daily Mirror highlights key Labour themes
0 Comments
The Federal Reserve left its policy rate unchanged at 1.5-1.75 per cent and indicated without dissent that it had no plans to make any more changes in 2020. After a two-day meeting in Washington on Wednesday, policymaker predictions for the likely future path of the Fed’s policy rate showed a decisive shift toward a more
0 Comments
Alberto Fernández was sworn in as Argentina’s new president on Tuesday, marking a historic return to power for the leftist Peronist movement amid a looming sovereign debt crisis and a deep recession. Mr Fernández, who becomes the fourth Peronist president to rule Argentina since the return of democracy in 1983, is facing the urgent challenge
0 Comments
Burford Capital’s chief executive has told a US court that he could be threatened or imprisoned by the Argentine government if a $1bn court case were moved to Buenos Aires. “I do not put it past the Argentine government to attempt to imprison me or otherwise menace me,” said Chris Bogart, who co-founded Burford, in
0 Comments
Iran has released a Princeton University graduate student who was imprisoned on espionage charges in exchange for an Iranian scientist held in the US for allegedly violating sanctions. Massoud Soleimani, an Iranian scientist who had been detained for more than a year, was traded for Xiyue Wang, a Chinese-born naturalised American who was serving a
0 Comments
After months of haggling about dates and the agenda, the “Normandy Four” summit meeting between Germany, France, Ukraine and Russia has finally been set for December 9 in Paris. French president Emmanuel Macron in particular had been pushing for the meeting to “advance efforts for a peaceful resolution to the conflict in eastern Ukraine”. Surprisingly,
0 Comments
At the tender age of 25, Jay Kriegel, a hotshot product of Brooklyn’s public schools and Harvard Law, went to work for John Lindsay, the progressive New York City mayor then captivating the nation. It was 1965, and so began for Kriegel what would be a decades-long civic engagement with his beloved hometown that was
0 Comments
With reference to the letter from easyJet chief executive Johan Lundgren (December 5): Lex’s scepticism (November 20) concerning easyJet’s offset strategy is well founded. First, an “offset” neither directly reduces carbon, nor improves an airline’s fuel efficiency, nor leads to new technology. It provides neither a corporate cost benefit, nor a direct return on invested
0 Comments
Mark Wiseman, a BlackRock executive seen as a possible successor to chief executive Larry Fink, has been ousted from the world’s largest asset management company for failing to disclose a romantic relationship with a colleague. Mr Wiseman, who was tapped in 2016 to turn around the stockpicking business at BlackRock, is leaving the group following a
0 Comments
Indian telecoms operator Bharti Airtel plans to raise as much as $3bn as it seeks domestic and foreign investors to help protect it against a multibillion-dollar tax bill that has threatened its solvency.  The move comes after India’s Supreme Court ruled in October that Bharti Airtel and its competitor Vodafone Idea, India’s longest-running large operators, had
0 Comments
House Democrats have urged quick action in the impeachment proceedings against Donald Trump, as the inquiry into the president entered a new phase with testimony before the House judiciary committee from constitutional scholars on whether his conduct merited removal from office. Jerrold Nadler, the New York Democrat who chairs the judiciary committee, opened the hearing
0 Comments
Kamala Harris launched her presidential bid with a bang in January, as more than 20,000 people attended a rally in the California senator’s hometown of Oakland. But her campaign ended with a whimper on Tuesday, as Ms Harris told supporters she “simply doesn’t have the financial resources we need to continue” — ending an 11-month
0 Comments
Many large companies such as Google, Facebook, Apple and Netflix are setting the goal of being powered by “100 per cent renewable energy” — whether through direct procurement of supplies or offsetting policies. Yet when the sun stops shining and the wind stops blowing, I can still watch Game of Thrones. How is this? That
0 Comments
Chinese technology companies are shaping new facial recognition and surveillance standards at the UN, according to leaked documents obtained by the Financial Times, as they try to open up new markets in the developing world for their cutting-edge technologies. Companies such as ZTE, Dahua and China Telecom are among those proposing new international standards —
0 Comments
Orlando Bravo, the billionaire investor, is a good man to know in a hurricane. As 155mph winds tore through his native Puerto Rico in 2017, local authorities struggled to move emergency supplies over storm-battered terrain to the communities where they were desperately needed. Mr Bravo loaded his private jet with everything from granola bars to
0 Comments
The German government will temporarily take stakes in high-tech companies to stop them being sold to investors in non-EU countries, a proposal by the economy ministry that underscores the growing protectionist mood in Berlin. But the “national fallback option” unveiled by economy minister Peter Altmaier on Friday represents a marked retreat from an earlier idea
0 Comments
Much of the progress in fighting HIV/Aids is thanks to treatments such as antiretroviral (ARV) drugs. Alongside those, however, are other innovations that have provided models for broader moves towards universal health coverage.  The rapid spread of the disease and alarming levels of mortality spurred quick action, extensive research and greater development efforts. Other reactions
0 Comments
The EU has declared a global “climate emergency” ahead of next week’s international COP25 climate summit. In a symbolic move that supporters hope will put pressure on the new European Commission to deliver an ambitious set of green policies, MEPs on Thursday voted in favour of declaring the emergency by 429 votes in favour and
0 Comments
French MPs have proposed banning some Black Friday promotions as a backlash against the US-imported sales frenzy grows. The suggested ban is part of an anti-waste bill and aims to end false advertising of discounts. The draft legislation would not hit the statute books in time to affect this year’s annual shopping craze at the
0 Comments
The pace of the US economy’s expansion has picked up in the back half of 2019, with data showing gross domestic product rose in the third quarter by more than initially forecast. The economy expanded at a 2.1 per cent annualised rate in the three months ended September 30, according to the second estimate of
0 Comments
Investors in European bond markets could face more than €35bn in additional annual costs as they get to grips with new rules that impose penalties for trades that fail to settle, according to a lobbying group. The International Capital Markets Association, a Zurich-based trade association for brokers, on Wednesday warned that a new EU-wide regime
0 Comments