Brexit will not be positive for either Britain or the EU, according to Pierre Moscovici, the European Commissioner for Economic and Financial Affairs.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Samsung boss arrest warrant dismissed but bribery probe continues
Prosecutors said they would be continuing their probe into a corruption scandal that has led to the impeachment of South Korean president Park
UK housing market falters as estate agents become less optimistic
Surveyors body Rics says market stuttered at end of 2016, with sharp fall in number expecting sales to rise in coming months
Yellen signals further rate rises as US economy storms ahead
Janet Yellen, the chairman of the US Federal Reserve, said the economy had come a long way in recovering from the 2008 financial crisis and that she and her colleagues expect the central bank to raise interest rates “a few times a year” until 2019.
Britain’s government debt nightmare makes NHS reform even more urgent
While Westminster was awaiting the first lines of Theresa May’s Brexit speech yesterday morning, the government’s fiscal watchdog issued a devastating judgement on the long-term health of the country’s finances.
Deutsche Bank agrees to pay £5.8bn fine over role in subprime crisis
‘Deutsche Bank did not merely mislead investors: It contributed directly to an international financial crisis.’ – US Attorney General, Loretta Lynch.
Deliveroo to hire hundreds of engineers at London HQ
Deliveroo plans to employ hundreds of new staff at a new London headquarters, trebling its current engineering headcount.
EE mobile firm fined £2.7m for overcharging customers
Mobile operator EE has been fined £2.7m by the telecoms regulator, Ofcom, for overcharging tens of thousands of customers.
Rolls-Royce to pay £671m over bribery claims
Voluntary payments will mean UK manufacturing giant avoids being prosecuted by anti-corruption investigators.
Davos 2017: This is what’s happening at the World Economic Forum today
The 2017 World Economic Forum kicked off at Davos today, with a star line up of speakers ready to air their views on subjects ranging from the future of the digital economy to safe water.
Bank saved 250,000 jobs by cutting rates after referendum, says Mark Carney
The Governor said that if the Bank’s Monetary Policy Committee had not reduced the cost of borrowing by 0.25 per cent last August a quarter of a million UK jobs would have been lost due to lower growth.
May rejects ‘partial’ EU membership in Brexit speech
The UK will not retain “partial” membership of the EU once it leaves, Theresa May will say in her much-anticipated Brexit speech.
Private medical insurance sales surge for first time in seven years
Ongoing NHS crisis and economic recovery may have triggered rise, but impeding Brexit means future is uncertain.
UK M&A activity to drop sharply in 2017 amid Brexit uncertainty
Baker McKenzie predicts that the total value of M&A activity in the UK will reach just $125bn in 2017, a more than 60 per cent slump from the $340bn of deals seen in 2016
Goodbye Piccadilly: A short history of the Piccadilly Circus advertising billboards
On only a handful of occasions in its 100-year history has the hotchpotch of billboards at Piccadilly Circus been intentionally switched off during peacetime.
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