FTSE 100 index closes at its lowest level in seven months
UK stocks fall to lowest point since January following anxieties over China’s economic slowdown, with mining and oil shares hit hardest The FTSE 100 index has slipped to its lowest level since January as global investors reacted to concerns that a slowdown in China will undermine demand for oil and industrial metals in the world’s […]
Emerging markets' shine dims as capital flight nudges $1tn in a year
Anticipated interest rate rises in US and UK will intensify pressure on developing economies, particularly those that borrowed cheap dollars after 2008 crash There has been no shortage of disturbing trends in Asian foreign exchange markets this year, even before China shocked traders last week with its unilateral devaluation of the yuan. The Malaysian ringgit […]
Federal Reserve moves toward raising interest rate for first time in years
Members say conditions for an increase are ‘approaching’ after rates held near zero since 2008 financial crisis, but some raise concerns over too little inflation The Federal Reserve is inching closer to the first interest rate increase in nearly a decade, minutes of the central bankers’ latest meeting indicated on Wednesday. The minutes of the […]
Kipper Williams on Germany’s vote for third Greek bailout
German MPs approved €86bn rescue deal after heated debate in the Bundestag Continue reading… Source: The Guardian Circular Economy RSS
Morrisons faces multimillion-pound bill to offload struggling local stores
Retailer will have to book writedown in accounts, which is likely to be worth tens of millions but less than £100m liability estimated by industry sources Morrisons is facing a bill worth tens of millions of pounds to offload its struggling convenience store business. Britain’s fourth largest food retailer is in talks to sell its […]
What will it take to make Amazon a great place to work?
Companies like Walmart have responded to reputation risks in the past, but Amazon’s initial response to allegations of employee abuse doesn’t look promising Amazon’s reputation has taken a hit this week, thanks to a feature in Sunday’s New York Times that outlines several burnout-inducing practices and attitudes that seem hardwired into the company’s executive work […]
German MPs approve third Greek bailout, Dutch slam 'six months of chaos' – live
The result: 454 in favour, 113 against,18 abstentions Angela Merkel contains rebellion, as 66 CDU/CSU oppose or abstain Schäuble: ‘no guarantees bailout will work, but irresponsible not to try’ Questions over Greek airports privatisation deal 5.02pm BST The FTSE 100 is down around 9.8% since its recent peak of 7103 towards the end of April. […]
Education without borders: teaching Syria's lost generation
Companies like Pearson are stepping in to fund solutions for the Syrian refugee education crisis. Should we be suspicious of their motives? Four years into the Syrian conflict and almost three million Syrian children are out of school. Economic pressures on families who have fled to neighbouring countries mean children face years without formal education, […]
German parliament approves third Greek bailout after heated debate
Following three hours of discussion in the Bundestag, 453 MPs voted for €86bn rescue package, while 113 voted against it and 18 abstained Germany’s parliament has backed a third Greek bailout following a heated debate in the Bundestag, despite widespread misgivings over whether the country will manage to implement reforms in return for money. Following […]
Why we should take Corbynomics seriously
A state-led investment programme offers a way to steer British economy away from private speculative activity to long-term sustainable growth investment Fiscal austerity has become such a staple of conventional wisdom in the UK that anyone in public life who challenges it is written off as a dangerous leftist. Jeremy Corbyn, the current favourite to […]