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British banknote printer De La Rue has warned that its profits will miss full-year forecasts as demand for fresh cash fell to its weakest level in 20-years, pushing shares to record lows on Wednesday. In its third profit warning since January 2022, the currency and passport maker cautioned that it faced “significant uncertainty” and low
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Silicon Valley investors are touring the Middle East, seeking to build long-term ties with sovereign wealth funds during the worst funding crunch for venture capital firms in almost a decade. Top technology VCs such as Andreessen Horowitz, Tiger Global and IVP have jetted teams of executives to Saudi Arabia, the United Arab Emirates and Qatar
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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
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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
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Over the past three years the global economy has been subjected to an unprecedented series of shocks. After the pandemic struck, Russia’s invasion of Ukraine brought added disruption. Both contributed to a cost of living crisis, with central banks raising interest rates rapidly to contain runaway inflation. Arguably, the international economic system has displayed remarkable
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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
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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
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Three Aprils ago, Sir Keir Starmer took over a UK Labour party in the electoral and moral pits. He lost his first 18 months to a pandemic that made the role of opposing the Conservative government seem almost unpatriotic. He has the “help” of a shadow cabinet that, as a gathering of talent in one
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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
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