China’s economy grew faster-than-expected in the second quarter of 2017 yet President Xi Jinping is likely to remain wary of risks ‘blowing up in his face’, Andrew Collier, managing director of Orient Capital Research, told CNBC Monday. “The overall message is Xi Jinping is desperate to avoid what he calls ‘risks in the system’ and […]
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The U.S. is doing “very badly” at tackling inequality, and President Donald Trump’s tax reforms, if enacted, could see the country sink below Greece and some third world countries in the equality stakes, according to new research from Oxfam. Despite being the richest country in the world, the U.S.’s commitment to social spending, labor policy […]
Read moreOverseas landlords are moving out of the U.K. property market in search of pastures greener, according to new research which suggests the number of international investors who own property in the U.K. has fallen to a new low. Just 5 percent of British homes now have overseas owners, down more than half from the 12 […]
Read moreSaudi Arabia has been described as the “foremost” financier of Islamist extremism in the U.K. by a right-wing think tank. The report, published by the Henry Jackson Society, citing multiple media outlets, right-wing U.S. think tanks and other websites, links several Saudi charities and organizations to a growth in the number of British citizens becoming […]
Read moreBearish investors expecting (or hoping) for bull market cycle to end may be disappointed, as Citi’s global strategy team forecast a further 9 percent gain for global equities by the middle of 2018. The MSCI International World Price Index, a benchmark of mid- and large-cap equities across 23 developed markets, is currently priced at 1,918.9. […]
Read moreA coalition of Arab countries are poised to announce whether to escalate or abandon sanctions against Qatar on Wednesday, a month after they severed ties with the Gulf state. Foreign ministers representing Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain met in Cairo on Wednesday, a day after the deadline expired for Qatar […]
Read moreDwindling welfare payments and rising living costs mean that more and more people could find themselves reaching out to food banks in coming years, according to a new report from Oxford University. The research, the largest ever study of food bank use, found that four-fifths (78 percent) of food bank users in the U.K. find […]
Read moreThe difference between current and potential levels of output in the euro area economy could be greater than the European Central Bank (ECB) originally thought, its vice president, Vitor Constancio, warned on Tuesday. “What we see, what we observe is that domestic factors of inflation starting with wage and cost developments and then also price […]
Read moreConsidering that U.S. President Donald Trump and German Chancellor Angela Merkel are known for their frosty relationship, one major political voice in Germany called for a rapprochement between two of the world’s biggest economies. “What (Germany) shouldn’t do is take an anti-American course,” Ralf Stegner, deputy leader of the center-left opposition Social Democratic Party (SPD), […]
Read moreStarling Bank, a new U.K. challenger bank that doesn’t have branches and relies on a mobile phone app instead to cut running costs and appeal to new customers, has received its banking passport into Ireland. The expansion into the Republic of Ireland is expected to be followed by further launches into other European Union (EU) […]
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