US to bring charges against three UK ex-traders in forex probe over roles in ‘The Cartel’ chatroom

More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp Hayley Kirton US to bring charges against three UK ex-traders in forex probe over roles in ‘The Cartel’ chatroom Tuesday 10 January 2017 3:25 pm whatsapp Share The US Department of Justice plans to charge three UK-based ex-traders later today as part of its forex investigation over their involvement in the so-called ‘The Cartel’ chat group.The trio of former traders concerned are Richard Usher, formerly from JP Morgan, Rohan Ramchandani, formerly from Citigroup, and Chris Ashton, formerly from Barclays.  Meanwhile, Matt Gardiner, formerly from UBS, has been working with prosecutors to help build the case. The news that charges were in the pipeline was first reported by Bloomberg. In 2015, the US authorities dished out mega fines to JP Morgan, RBS, Citigroup and Barclays after they pleaded guilty to forex rigging charges. UBS, meanwhile, was granted immunity from prosecution in the forex case, but the bank’s actions were found to be in breach of a preexisting non-prosecution agreement. The UK’s Serious Fraud Office investigation into manipulation of the foreign exchange market was dropped in March of last year, with the fraud squad citing “insufficient evidence for a realistic prospect of conviction”.In the US, former Barclays and BNP Paribas trader Jason Katz pleaded guilty to his role in the price-fixing scandal earlier this month. Meanwhile, two HSBC executives were arrested and charged last July over fraud claims linked to a $3.5bn currency transaction.  read more

Unicredit shareholders approve Italy’s largest ever rights issue of €13bn

Unicredit shareholders approve Italy’s largest ever rights issue of €13bn The bank’s investors today granted the lender their approval, with 99.6 per cent of the votes at a shareholders’ meeting being in favour of the rights issue. Unicredit’s relatively new chief executive Jean Pierre Mustier has taken a number of measures to secure the health of the bank, including selling various non-essential assets and announcing plans to cut 14,000 jobs by 2019.Read more: Italian parliament approves €20bn bailout plan for banksShares in the bank closed down 1.8 per cent at €2.58.By contrast, Italy’s third largest lender, Monte dei Paschi di Siena is awaiting financial help from the government, after a private sector rescue plan for the bank collapsed just before Christmas last year.  Hayley Kirton Shareholders at Unicredit have today given the thumbs up to the bank’s €13bn rights issue.Italy’s largest bank announced the country’s largest ever rights issue last month in a bid to rebalance its finances as part of its ongoing turnaround plan, with the shares set to be issued by June. Thursday 12 January 2017 4:37 pm More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPuffer fish snaps a selfie with lucky divernypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp The Italian banking sector as a whole is creaking under billions of euros worth of non-performing loans.Read more: Italian bank shares are down after Moody’s downgradeDecember’s ‘no’ vote in the Italian constitutional referendum likely gave bankers little to be cheerful about in the immediate aftermath, as it ultimately resulted in the resignation of Matteo Renzi. The former Prime Minister of Italy was widely reported to have gone to bat for the banks, locking horns at an EU level last summer as he tried to secure a bailout for the sector. Meanwhile, in a statement issued this morning, Unicredit confirmed it was carrying out the rights issue of its own free will and had not been instructed to do so by any supervisory authority.The European Banking Authority’s stress tests for 2016 revealed that Monte dei Paschi’s capital would be wiped out in the event of a serious economic downturn, while Unicredit was on the weaker end of the the 51 European banks tested.  whatsapp Share read more

The Square Mile has the UK’s least potholey roads, it turns out

Read more: Councils warn we’ve reached the “tipping point” of pothole repair The Square Mile has the UK’s least potholey roads, it turns out Want to drive on pothole-free roads? Then London’s financial district is the place to be, council figures released today reveal.Just 123 potholes were reported in 2016, according to figures obtained under a Freedom of Information Act request, equivalent to a depth of only two metres. Share Thursday 19 October 2017 11:39 am whatsapp But it would take more than a decade and £12bn to tackle our current roads repair backlog. The City spent £174,960 fixing potholes, and, in a trend that has been repeated for the last four years, the local council has repaired every single pothole and not had to pay out a penny in compensation to drivers.Individual London councils are responsible for the upkeep of the majority of roads. But when added together, there were 42,615 potholes were reported across Greater London, with councils spending £7.8m on repairs and £98,353 on compensation.Meanwhile, many commuters into the Square Mile may drive on the worst roads in England. Some 31,104 potholes were reported in Surrey over the last year. The county council actually repaired more than the number of reported, some 41,556, a function of the 44,062 that were reported in 2015.The figures, obtained by price comparison site Confused.com, reveal Surrey County Council spent £3.2m in 2016 filling in potholes. In the same year, it spent £343,685 in compensation to drivers whose cars had been damaged.Read more: Study reveals how much potholes are costing you by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMovie JewelMorgan Freeman Ruined His Multi-Million Dollar Ranch To Protect The PlanetMovie JewelArticles SkillTV Newscasters That Shouldn’t Be Trusted As Per The ViewersArticles Skilltibgez10 Signs & Symptoms of Lewy Body DementiatibgezWeniixLook: The Future of Cars! – WENIIXWeniixHealth.recetasget5 Early Warning Cancer SymptomsHealth.recetasgetCookingAmourThis is What Happens to Your Body if You Eat Ginger Every DayCookingAmourBed ScrunchieSay Goodbye To Loose, Wrinkly Sheets Forever!Bed ScrunchieRush Crunch30 of the Funniest Road Signs Caught On CameraRush CrunchBedtimezBaby Keeps Waking Up With Scratches, Mom Checks Camera And Makes A Phone CallBedtimez whatsapp Added together, Britain’s potholes are more than 40km deep, almost four times the depth of the Pacific Ocean.Amanda Stretton of Confused.com said such a statistic “puts into perspective just how deep the UK’s pothole problem really is”.However, local governments hit back, with the Local Government Association (LGA) saying councils “share the frustration of motorists”.LGA spokesperson Martin Tett said: “Councils are fixing 1.75 million potholes a year – one every 19 seconds, which breaks down to an average of more than 10,400 per local authority. This is despite significant funding cuts leaving them with less to spend on fixing our local roads. Only with adequate funding from central government can local authorities deliver roads for the 21st century. Oliver Gill More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com read more

Tesla’s shares dive on executive departures while Elon Musk smokes weed on podcast

Tesla shares fell by up to eight per cent in pre-market trading after chief accounting officer Dave Morton’s departure was announced in a filing to the US Securities and Exchange Commission.Musk’s marijuana incident was the latest in a series of the business magnate’s exploits to hit the headlines and came after he denied that he was “on weed” when he put out his infamous tweet saying he was considering taking car company Tesla private. Read more: From Tesla to Theranos, beware disrupters promising to save the world whatsapp Tesla’s shares dive on executive departures while Elon Musk smokes weed on podcast Tesla shares dived in pre-market trading as two executives quit the company today, with one resigning after just a month, citing public attention.The announcements came on the same day as outspoken entrepreneur and Tesla CEO Elon Musk appeared online smoking marijuana. whatsapp View this post on InstagramTime to party with Elon. http://joerogan.liveA post shared by Joe Rogan (@joerogan) on Sep 6, 2018 at 9:29pm PDT Musk’s use of the drug on air was part of a podcast with comedian Joe Rogan, which was also filmed and uploaded to Youtube.During the two-and-a-half-hour interview, Rogan offered Musk a joint, which was accepted.”I mean, it’s legal, right?” Musk said. Marijuana was legalised in California in January.Rogan also posted a picture of Musk firing his Boring Company flamethrower in the studio. Friday 7 September 2018 1:59 pm Tesla chief accounting officer Morton’s first month at the company has been a turbulent one. He joined the day before Musk tweeted his plans to go private. Explaining his departure in a regulatory filing, Morton said: “Since I joined Tesla on August 6, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations.”As a result, this caused me to reconsider my future. I want to be clear that I believe strongly in Tesla, its mission and its future prospects, and I have no disagreements with Tesla’s leadership or its financial reporting.”HR chief Gaby Toledano also decided not to return from a leave of absence she took last month, according to Bloomberg. Share Since then Musk has told the New York Times that he was not high when he released the plans. This followed Instagram posts by singer Azealia Banks which purported to show texts between her and Musk’s girlfriend Grimes. Alys Key Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndo read more

Businesses should become radically transparent, open, and honest – even about salaries

first_imgSlowly but surely, the secretive, paternalistic corporate culture of the past is being infiltrated by a new approach that embraces the concept of radical transparency.There’s a new breed of organisation that thrives on the notion of having no secrets from its employees, its customers, or any other stakeholders. Businesses should become radically transparent, open, and honest – even about salaries whatsapp Fernando Polo by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldBetterBe20 Stunning Female AthletesBetterBeBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal Pastzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowOceandraw29 Brides Who Took Their Wedding Gown Way Too FarOceandraw Nothing stifles fresh thinking like a complex bureaucracy. If people are busy negotiating endless policies and procedures, and worrying about complying with myriad rules, you can be sure that they won’t be innovating. And innovation is arguably the top priority for any modern company.Create a meritocracyTransparency means dispensing with traditional top-down performance management, and adopting the approach we use at Good Rebels: bottom-up and peer-to-peer feedback from the people you work with every day. That way, there’s no favouritism – just honest, open appraisals that motivate people to try harder and get better.Foster gender equalityIn an open meritocracy, there’s no room for discrepancy between what women are paid compared to men for doing the same job. How could anyone possibly justify such a thing?But first, the groundworkIf all this sounds tempting, I would advise you not to jump in just yet. You can’t just share everyone’s salary information without doing some extensive work on your company culture first. At Good Rebels, we started this process in 2012, and we still haven’t finished.We had to do many years’ work on building a culture of trust and transparency before we felt ready to open up about salaries. Even then, it took a couple of years to work through legal issues – such as changing everyone’s contracts, and gaining their formal consent to publish the data.center_img For big companies with multiple legacy salary bands, transparency might never be appropriate without some radical re-engineering. Pay in firms like that tends to be unbalanced due to all sorts of long-forgotten factors, so if you start to openly share that information then you’re likely to create more problems than you solve.But for startups, or any company small enough and brave enough to remould their culture and their practices for the greater good, numerous potential benefits lie in wait.We’re a very long way away from radical transparency becoming the norm – in fact, that might never happen – but there’s no question that it’s a growing trend. Millennials will not put up with employers who insist on remaining opaque; sooner or later, they will vote with their feet and force change.Read more: Wage growth jumps in boost to Bank of England Wednesday 19 September 2018 10:12 am whatsapp Share These companies share every last detail of their profit and loss, they share information about their employees’ performance, they take pride in being honest and candid with colleagues, and even share details about the wages of everyone in the firm – from the chief executive to the newest recruit.Read more: Why we’re embracing radical transparency to tackle inequalities at PwCThis kind of openness is very challenging to implement, and it’s definitely not for everyone, but adopting a radically transparent approach can lead to significant benefits.Build trustWhen conversations are open and honest – and the data informing them is available to everyone – and when an organisation demonstrates faith in its employees by giving them autonomy, staff feel trusted. People who feel trusted are likely to return that trust.Cut red tapeTransparency reduces bureaucracy. If you’re open with your company’s internal information, and about what everyone’s doing and how much money they’re spending – and earning – you’ll need fewer rules and policies.Encourage innovationlast_img read more

Police respond to gas explosion outside Liverpool Street pub

first_img More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Due to an emergency gas leak, westbound Cannon Street is closed between London Bridge and Queen Vic Street, traffic should divert via Gracechurch St, Bishopsgate, Wormwood St, London Wall, Aldersgate St, St Martins Le Grand, New Change. @CadentGasLtd— Squarehighways (@Squarehighways) October 10, 2018 The blast happened outside the Woodin Shades pub on Bishopsgate. We are currently dealing with a minor gas explosion outside the Woodins Shades pub on #Bishopsgate in the CityA small cordon is in place so there is no access to vehicles between Bishopsgate and Middlesex Street. Pedestrian access is not [email protected] are also attending— City of London Police (@CityPolice) October 10, 2018A police spokesperson told City A.M.: “A cordon has been put in place, and we will announce any updates when they come in.” Authorities have also shut off Cannon Street between London Bridge and Queen Victoria Street due to a gas leak caused by ongoing roadworks.  Wednesday 10 October 2018 9:17 am Share August Graham Police respond to gas explosion outside Liverpool Street pub center_img whatsapp whatsapp Police and firefighters are responding to a small gas explosion in the City.  Tags: Trading Archivelast_img read more

UK economy grows at fastest rate in two years but longer term growth subdued

first_imgFriday 9 November 2018 9:48 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastBeach RaiderColleagues Find Woman’s Bikini Photos Inappropriate, Give Her UltimatumBeach Raiderinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestly Share But monthly growth for August and September was flat after strong growth in July off the back of a heatwave and the World Cup.The services sector was the main driver of growth, contributing 0.33 percentage points, while the construction industry also helped boost growth, contributing 0.13 percentage points and rising 2.1 per cent in terms of its sector growth.Production grew 0.8 per cent over the quarter, its highest rate in a year, but was flat in September and the manufacturing sector returned to growth – of 0.6 per cent – after two consecutive quarters of negative growth.Head of national accounts at ONS Rob Kent-Smith said: “The economy saw a strong summer, although longer term economic growth remained subdued.“There are some signs of weakness in September with slowing retail sales and a fall back in domestic car purchases. whatsapp “However, car manufacture for export grew across the quarter, boosting factory output.“Meanwhile, imports of cars dropped substantially helping to improve Britain’s trade balance.”Analysts said the data was “skewed” by the summer’s activity and that business confidence would continue to struggle while the Brexit negotiations stuttered.”Quarterly growth has reached a near-two year high, but looking beneath the surface, the uptick is skewed by the summer’s buoyant, world-cup fuelled retail activity, Tej Parikh, senior economist at the Institute of Directors, said.”With order books weakening and major hiring and investment decisions being held back, business activity looks set to lose steam in the coming quarters,” he added. Tags: Trading Archive Callum Keown UK economy grows at fastest rate in two years but longer term growth subdued John Hawksworth, chief economist at PwC, said: “We expect GDP growth to slow to only around 0.2-0.3 per cent in the final quarter of 2018, given that business surveys for October suggest many companies are putting off major investment decisions until the current uncertainty around Brexit is resolved.”But we would expect consumer spending to hold up reasonably well in the run up to Christmas, given the recent pick-up in earnings growth and continued low unemployment rates.” whatsapp The UK economy grew at its fastest rate in two years in the three months to September after a strong summer.GDP grew by 0.6 per cent in the third quarter of the year, up from 0.4 per cent in the three months to July, the quickest economic expansion since the end of 2016, according to the Office for National Statistics.last_img read more

DEBATE: Following reports of the Dyson relocation, is Singapore the new go-to place for tech?

first_img DEBATE: Following reports of the Dyson relocation, is Singapore the new go-to place for tech? Tags: Brexit Donald Trump Dyson Internet of Things People Startups Virtual reality Thursday 24 January 2019 8:50 am More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comWhy people are finding dryer sheets in their mailboxesnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKansas coach fired for using N-word toward Black playerthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsapp Elsa Hu and Leon EmiraliLeon Emirali is an entrepreneur and adviser. Follow him on Twitter @LeonEmirali by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Heraldinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal Pastmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.combonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.com Opinion Share City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Following reports of the Dyson relocation, is Singapore the new go-to place for tech?Elsa Hu, director of Asia at GP Bullhound, says YES.Singapore has long been the headquarters of choice for Southeast Asian tech startups, due to its mature business ecosystem, proximity to two of the world’s booming economies, huge talent pool, and attitude of encouraging innovation. To top it off, in October the EU signed landmark agreements with Singapore for free trade and protected investment. whatsapp And there’s much more to look forward to. Britain is leading the way by incubating the technologies that will shape our future. Firms specialising in artificial intelligence, virtual reality, and the internet of things have all found welcome homes in the UK.Regardless of Brexit, the unique DNA of this country will remain unchanged. A “never say die” attitude combined with an unwavering commitment to innovation will always give Britain an edge on competing tech destinations.With China’s slowdown impacting the entire Asian market, Dyson’s decision to relocate to Singapore may prove costly in the long run. Now, it increasingly offers one of the most stable places for growing businesses to expand or relocate to.In stark contrast, Brexit uncertainty and Donald Trump’s America First trade policy of debilitating tariffs are pushing tech companies like Dyson out of established hubs. Investors are putting their money behind Singapore, with over $86bn invested from Europe and North America in Asian tech in 2018.For tech companies that use modern communication platforms and can ship products internationally, being selective about location in terms of trade policies and talent is the best option. Headquartering or expanding into Singapore makes perfect sense.Leon Emirali, an entrepreneur and investor, says NO.Britain’s tech scene is absolutely thriving. Yes, London attracted £2.5bn worth of venture capital funding in 2017, but look outside our capital and you will find mind-bogglingly exciting tech startups operating in the likes of Cambridge, Manchester and Edinburgh.Up and down our isle, inspirational technology businesses have ensured that the sector is growing 2.6 times faster than the rest of the economy.last_img read more

Labour briefing paper ‘outlines Corbyn plan to renationalise water companies’

first_img Share Labour briefing paper ‘outlines Corbyn plan to renationalise water companies’ whatsapp The Labour leader’s plans could cause pensioners, employees and shareholders in Britain’s water firms to lose half their value in the companies, if a blueprint reportedly circulating around the party’s front benches is implemented.Labour has long hoped to renationalise public services under its current leader, but the document reveals the scale of the planned asset grab on the sector, according to the Sunday Times. It could pay compensation of less than £20bn for water companies valued at around £44bn by conservative estimates, and up to £90bn if debt is included.But analysis by Moody’s, the rating agency, estimated the book value of the water companies in England to much lower than this, at just £14.5bn, the Financial Times reported last month.The Labour briefing paper reportedly states compensation would be “a political process of negotiation with shareholders” which would take into account state subsidies, pension fund deficits and “asset stripping since privatisation”.”The final level of compensation may well be less than this [20bn]”. Shareholders and lenders would reportedly receive government bonds in return. whatsapp “Shareholder investment on the books of UK water and sewerage companies is less than £20bn,” the paper reportedly says. “We think this is a better place to start than market values because it reflects how much shareholders have actually put into the company, and doesn’t incorporate future expected profits”.A Labour party spokesperson said: “Water bills have risen 40% in real terms since privatisation. In the last ten years, water companies have paid 1,000 times more in dividends to their shareholders than in tax. Some have even paid more in dividends than they have made in profit, running up debts that are passed on to bill payers.”Labour will fix this broken system by bringing the water companies back into public ownership, saving households £100 per year on their bills.”It comes after both Labour and the Conservatives lost swathes of local council seats in last week’s elections, as Corbyn and May continue trying to hammer out an agreement on how to proceed on Brexit.The Tory party lost more than 1,334 councillor seats, as well as the control of 49 councils throughout the UK. Alex Daniel Jeremy Corbyn would reportedly try to renationalise water companies if he came to power, according to leaked internal documents, in a plan which could see him pay up to £24bn less than their market value.Read more: Government ready to compromise with Corbyn through ‘gritted teeth’ Sunday 5 May 2019 9:11 am More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com It was the worst performance from the governing party in a local election for 24 years.Read more: Theresa May heckled at Tory party conferenceLabour also suffered, losing six councils and 86 seats, in what has been suggested is frustration at both parties for their lack of progress on Brexit. Tags: Jeremy Corbyn Peoplelast_img read more

Non-Standard Finance confident of winning competition watchdog approval for £1.3bn Provident bid

first_imgMonday 13 May 2019 3:21 pm Callum Keown whatsapp whatsapp Share NSF had support from 50.7 per cent of Provident shareholders when it launched its hostile bid in February – including Neil Woodford, Invesco Asset Management and Marathon Asset Management.The trio also hold a stake in Non-Standard Finance.But the subprime lender has since been unable to convince any other investors to support its case.Provident’s third-largest shareholder Schroders refused to support NSF’s bid last week as it was not in the best interests of shareholders.Read more: Provident boosted as Schroders reject Non-Standard Finance hostile takeover More From Our Partners Man on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Non-Standard Finance said it expected to alleviate the competition watchdog’s concerns over its proposed £1.3bn hostile takeover of rival subprime lender Provident.The Competition and Markets Authority (CMA) launched an investigation into the potential deal in February and prevented NSF from taking steps to integrate the two businesses. Read more: Sparks fly as Provident accused of ‘scaremongering’ over hostile bidProvident shareholders have until Wednesday to decide whether to accept the hostile takeover bid.However, investors will have to make that decision without any provisional CMA findings, after NSF confirmed it was still yet to make a filing with the watchdog.NSF said the CMA’s concerns would be limited to home credit but that its proposed demerger of its own Loans at Home business would eradicate those concerns and enable agreement to be reached.Provident said the delay meant shareholders couldn’t possibly make an “informed decision” on the offer. The UK fund manager, which holds a 14.6 per cent stake in Provident, raised concerns that the rights of minority shareholders were “not being protected.”In another blow for NSF, US hedge fund Coltrane Asset Management is also set to reject the hostile takeover bid, it emerged over the weekend. Non-Standard Finance confident of winning competition watchdog approval for £1.3bn Provident bid Tags: Trading Archivelast_img read more