Theresa May, take comfort from knowing that leaders change all the time in business June 7, 2019 Two weeks ago, as Theresa May stood outside Downing Street to announce her resignation, you would have been hard-pressed not to feel a degree of sympathy, regardless of political affiliation. But the truth is that what can look like a bruising resignation is sometimes exactly what’s needed for an organisation to move on and – [...]
Facebook rips apps off new Huawei smartphones June 7, 2019 Facebook has suspended pre-installation of its apps on new Huawei phones, dealing the latest blow against the beleaguered Chinese telecoms giant. The apps affected by the suspension will include Facebook, Instagram and Whatsapp. Customers who already have Huawei phones will still be able to access and update their apps. But the company’s new phones will [...]
Google: Huawei ban is a national security risk June 7, 2019 Google has warned the Trump administration it risks compromising US national security if it pushes ahead with planned restrictions on Huawei. Senior executives at Google are pushing US officials to exempt it from a ban on exports to the Chinese company, according to the Financial Times. The Trump administration announced the ban after trade talks [...]
An all-out trade war with Trump is more likely by the day June 7, 2019 Donald Trump jets back home today after a predictably tumultuous week during which the US President betrayed his ignorance of the NHS, the Irish border and, more amusingly, the existence of Michael Gove. Thankfully the circus witnessed earlier in the week subsided in time for D-Day commemorations, allowing people on both sides of the Channel to [...]
Barack and Michelle Obama sign podcast deal with Spotify June 6, 2019 Former US President Barack Obama and his wife Michelle have signed on to a multi-year partnership with streaming giant Spotify to produce exclusive podcasts. Obama said he believes podcasts “offer an extraordinary opportunity to foster productive dialogue, make people smile and make people think, and, hopefully, bring us all a little closer together.” The news [...]
Cryptocurrency pioneer pays $4.57m for lunch with Warren Buffett June 4, 2019 Cryptocurrency pioneer Justin Sun has bid a record $4.57m (£3.6m) to have lunch with Berkshire Hathaway’ Warren Buffett, a longtime critic of cryptocurrencies. Read more: Bitcoin hits 10-month high after strong start to 2019 The 28-year old submitted the winning bid during a five-day online charity auction on eBay which ended on Friday. Previous winners [...]
Trump meets FTSE business leaders over breakfast June 4, 2019 Business leaders will sit down for breakfast with US President Donald Trump this morning as part of a bid to strengthen transatlantic relations, as fears over an impending global trade war continue to mount. Representatives from 10 leading companies – five from the UK and five from the US – will break bread at St [...]
Our politicians should rise above Trump’s taunts June 4, 2019 Today marks 30 years since China used brutal force against pro-democracy protesters in Tiananmen Square. Read more: Trump receives royal welcome at Buckingham Palace It is an appropriate time to reflect on our continued good fortune to live in a country where protest movements grow and march without impediment. In this spirit, the anti-Trump demonstrations in the [...]
Neil Woodford’s flagship fund suspends trading to protect investors June 3, 2019 Veteran investor Neil Woodford's flagship fund has suspended trading after a spike in investor redemptions. Link Fund Solutions, which is the corporate director of the fund, said it was "in the best interests of all investors in the fund to suspend the issue, cancellation, sale, redemption and transfer of shares" in the Woodford Equity Income [...]
US manufacturing sector grows at slowest rate in 10 years in May June 3, 2019 The US manufacturing sector grew at its slowest rate since 2009 in May, according to survey data released today, in a sign that the world’s biggest economy is losing momentum. Read more: European stock markets bleed red as Trump takes trade war to Mexico Tariffs were widely blamed for dampening demand and increasing costs, helping [...]