'Hold tight and hold your breath': Wall Street workers advise against panic
Global markets rode a rollercoaster on Monday, providing plenty of turbulence to worry investors – but bankers and lawyers on the Street itself called for calm It was a tumultuous Monday on Wall Street, as the US stock market suffered its biggest one-day fall since 2011 over fears of a collapse in the Chinese economy. […]
Dow plunges after rollercoaster trading on ‘Black Monday’ for global markets
Dow’s 586-point drop puts it on track for its worst month since February 2009 as White House seeks to reassure investors that US economy can withstand volatility Related: Asian stock markets fall again after Wall Street slump – live Hundreds of billions of dollars were wiped off global stocks on Monday as a panic that […]
Businesses do – and should – play a role in creating a better society
For a growing number of businesses, the lines between corporate profits, NGO values and government standards are blurring – and that’s a good thing CEO Veronique Laury last month said that her company’s long term ambition is to create “a society that is better for all”. It’s a lofty statement, the kind one might expect […]
Osborne plays down fears China stock market slide will derail EU economies
Chancellor’s remarks come on day Beijing dubbed ‘Black Monday’ and as European markets saw biggest falls since 2008 financial crisis George Osborne has played down fears that European economies will be derailed by the dramatic stock market slide in China that triggered some of biggest swings at bourses around the world since the 2008 financial […]
US stocks nosedive in early trading amid collapse in global markets
Dow plummets 1,000 points minutes after opening and raises fears that a tech bubble has burst, with Facebook and Apple among the biggest early losers US stock markets collapsed on Monday, continuing a global stock market rout that has wiped hundreds of billions of dollars off shares across the world. The Dow Jones Industrial Average […]
FTSE 100 loses more than £60bn after China's 'Black Monday'
London index and Germany’s Dax fall sharply as global markets reel from worst day in Shanghai and Hong Kong since 2007 European stocks tumbled and US equity markets prepared for steep falls after Chinese shares had their worst day since 2007 – intensifying a stock market rout driven by fears about the world’s second-biggest economy. […]
China's leaders look powerless against destructive market forces
The longstanding perception created by Communist rulers that they are always ultimately in charge takes a battering from feral capitalism China’s president, Xi Jinping, is putting a great deal of effort into projecting an image as the country’s most powerful leader since Mao Zedong. Much of Beijing shut down over the weekend as scores of […]
London super sewer to cost less than expected, says Ofwat
Regulator awards licence to Bazalgette Tunnel to start building along Thames and says bidding process has cut costs London’s new £4.2bn super sewer will cost customers less than expected, the water regulator has said, as it awarded a licence to start building the tunnel next year. Ofwat said Bazalgette Tunnel Ltd, a company formed to […]
$70bn wiped from Australian shares in worst day of trading for six years
The ASX200 plunged 4.1% to the brink of the 5,000 barrier on ‘Black Monday’ and the dollar also crashed 1% after fears about China gripped the markets More than $70bn has been wiped from the Australian share market as fears about China’s economy sparked its heaviest fall in six-and-a-half years and prompted warnings that the […]
Open forums: imaging the future of water
As water and environmental experts gather in Stockholm for the 25th annual World Water Week, Anglo American’s Head of Open Forums, Phil Newman, discusses some of the ideas from the company’s first Open Forum on Sustainability The world needs water. By 2030, the global population is expected to reach 8.5 billion and the human race […]