News

The CBI’s website is groaning with “thought leadership” articles about corporate culture, inclusion and transparency. Would you like to create a “culture of belonging” at your business, perhaps? Or “improve workforce wellbeing”? Maybe go “further, faster” on the “moral question” of diversity and inclusion? Well, the CBI has your back. Which is more than its
0 Comments
Will Japan abandon its ultra-loose monetary policies now that Kazuo Ueda has replaced Haruhiko Kuroda as governor of the Bank of Japan? The answer, it seems, is “no”. The new governor, a well-known and respected academic economist, stressed that the two pillars of Japan’s current monetary policy — negative interest rates and yield curve control
0 Comments
At least 100 apparently classified documents have been leaked online in the most significant unauthorised release of US intelligence material since the large-scale disclosures by former contractor Edward Snowden in 2013. The documents largely relate to the war in Ukraine, including recent battlefield information, but also include details intercepted by the US from allies including
0 Comments
Chancellor Jeremy Hunt’s efforts to revitalise the UK economy have not been sufficient to raise it from the foot of the global league table this year, according to forecasts published by the IMF on Tuesday. In its twice-yearly World Economic Outlook, the fund predicted that the UK economy would shrink by 0.3 per cent in
0 Comments
CBI director-general Tony Danker has been sacked with immediate effect following an investigation into allegations of sexual harassment at the employers’ organisation. He will be replaced by Rain Newton-Smith, the UK lobby group’s former chief economist, who will return as director-general after a brief spell as a managing director for policy at Barclays. The dismissal
0 Comments
Under cloudy skies in Warwickshire last month, a 2,000-tonne boring machine nicknamed “Dorothy” tore through a concrete wall to complete the first in a series of tunnels that will eventually carry high-speed trains under the English countryside. The breakthrough moment provided a much-needed boost for HS2, the controversial high-speed rail project that was originally envisaged
0 Comments
Twitter’s ex-leader Parag Agrawal and two other former executives are suing the Elon Musk-owned social media platform for failing to cover more than $1mn in personal legal expenses, including those related to an investigation by the US Department of Justice. Agrawal, Twitter’s former general counsel Vijaya Gadde and Ned Segal, former chief financial officer, were
0 Comments
Stocks dropped as US equity markets reopened from the long Easter weekend on Monday and investors fretted that the Federal Reserve would keep lifting interest rates. The S&P 500 slid 0.8 per cent in early trading, while the tech-heavy Nasdaq Composite fell 1.1 per cent. Monday marked the first opportunity traders had to respond to
0 Comments
The biggest blank cheque company in Europe, backed by LVMH founder Bernard Arnault and former UniCredit chief Jean Pierre Mustier, is set to be wound up after failing to find a target in the financial services sector. Pegasus Europe has announced that it will cease operations and is preparing to return capital to its investors
0 Comments
Stocks dropped as US equity markets reopened from the long Easter weekend on Monday and investors fretted that the Federal Reserve will keep lifting interest rates. The S&P 500 slid 0.8 per cent in early trading, while the tech-heavy Nasdaq Composite fell 1.1 per cent. Monday marked the first opportunities traders have had to respond
0 Comments