Goldman Sachs predicts healthcare M&A flurry, helped by Donald Trump

Goldman Sachs predicts healthcare M&A flurry, helped by Donald Trump William Turvill by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsPensAndPatronTori Roloff Confirms Devastating News About The FamilyPensAndPatronZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity Week Wall Street giant Goldman Sachs is predicting a mergers and acquisitions (M&A) flurry in the healthcare sector this year, helped by Donald Trump.After a record 2015 for global M&A, there was a general slowdown in activity last year. The big pharmaceutical and biotech companies need more products in order to grow.They also have very, very big balance sheets. In the run-up to the US election, President-elect Trump pledged to lower the US business rate tax from 35 per cent to 15 per cent in order to encourage offshore firms to repatriate themselves.Read more: How boutiques have snatched bankers and M&A business from the heavyweightsRubin added: “These are companies that are also facing thinning pipelines, so they need new products.“And that, I think, is what will drive M&A activity.”She added: “At the same time, we expect a number of bolt-on deals, deals with smaller companies, technology-driven companies.” Share And if the Trump administration is to pass repatriation, a lot of cash will come back to the US. Jami Rubin, unit leader of Goldman’s healthcare research group, noted that activity in the sector was “lower than we thought it would be” in 2016, but is predicting a pick-up this year.Read more: After subdued 2016, these bankers are calling a 2017 bounceback for UK M&ADiscussing expectations for 2017, she said: Wednesday 18 January 2017 6:09 pm whatsapp whatsapp read more

Davis kicks off Article 50 Bill debates with call on MPs to “move swiftly” in approving legislation

Tuesday 31 January 2017 1:26 pm Davis kicks off Article 50 Bill debates with call on MPs to “move swiftly” in approving legislation Labour’s shadow Brexit secretary Keir Starmer responded by acknowledging that his party faces a difficult situation in debating legislation on Brexit, as a “fiercely internationalist” and “pro-European” party.However, he added that as “democrats” the Labour party should not block the Prime Minister from beginning the Article 50 negotiations.Labour leader Jeremy Corbyn is to order his MPs to vote in favour of the Article 50 Bill, but the party has seen a handful of resignations from its front bench from MPs who felt unable to support the Article 50 Bill.Read More: Article 50: MPs will get five days to debate Brexit billStarmer added that Labour would continue to fight for greater accountability in the Brexit process, and called on the government to act “unilaterally” to protect the rights of EU nationals currently resident in the UK. Mark Sands whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comPuffer fish snaps a selfie with lucky divernypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com And Davies introduced the Bill by reminding MPs of the significance of the legislation before them.”The eyes of the nation are on this chamber as we consider this Bill,” Davis said.”For many years there’s been a creeping sense in this country, and not just this country, that politicians say one thing and do another. “We voted to give the people the chance to determine our future in a referendum, so we must honour our side of the agreement to vote to deliver on the result.” Read More: Corbyn confirms he will order Labour MPs to back Article 50 Bill Brexit secretary David Davis has kicked off two days of debate on granting the Prime Minister power to trigger Article 50 with a call on MPs to “move swiftly” in approving legislation.Following this week’s debate MPs will discuss amendments on the Article 50 Bill next week before a final vote in the House of Commons on 8 February. whatsapp Share The House of Commons is expected to sit late into the night both today and tomorrow as MPs make their contributions to the debate – Conservative MPs have been told by their party whips to remain on site until midnight in case of any need for a vote in the chamber.The government plans to trigger Article 50 by the end of March.[custom id=”108″] read more

Immigrants add £83bn of economic value to London

Employers have much to consider from an immigration and skills perspective. Immigrants add £83bn of economic value to London The report highlights how London’s workforce grew from 4.3m people in 2005 to slightly below 5.2m made up of people from the UK, EU and the rest of the world.Over three million of London’s total workforce were born in the UK, making up the majority of of London’s workforce at just over 60 per cent. A minority of London’s workers, 682,300, were born in the EU, making up 13 per cent of London’s total workforce. Almost doubling the amount of EU workers, people born elsewhere in the world, make up 25 per cent, up from 1m in 2005.The report indicates that London typically attracts skilled workers, defined as someone with a specific proficiency, training, knowledge and ability in their profession.Builders, developers, contractors and engineers employ nearly 300,000 people in London, around half of whom were born in the UK, with 30 per cent were born in the EU and 20 per cent born in the rest of the world. whatsapp As the government debates what the UK’s post-Brexit immigration policy should be, it’s critical we’re informed by the facts.Global migration is an important part of London’s ongoing success, many parts of our economy would struggle without it. Wednesday 1 March 2017 6:31 pm Share Imran Khan Mayor of London’s Brexit expert advisory panel and global head of immigration at PwC, Julia Onslow-Cole, agreed: This research provides businesses with new information to help them assess their future resourcing requirements ahead of the UK’s exit from the EU. London First chief executive, Jasmine Whitbread said: Migrant workers in London with full time jobs each contribute an additional £46,000 net in gross value added (GVA) per year to the economy, research by PwC and London First reveals.A combined total of £83bn for all of London’s 1.8m migrant workers is added, making up approximately 22 per cent of the capital’s GVA. The additional value generated by 10 migrant worker jobs will support an additional four jobs in the wider economy, the report finds. whatsapp read more

UK and Norway will give each other’s citizens the right to remain after Brexit

first_img whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com UK and Norway will give each other’s citizens the right to remain after Brexit Solberg added that Britain and Norway were “very close” on agreeing a deal that would mirror any Brexit deal concluded with the EU.A draft agreement between the UK and EU was published in March, outlining that EU nationals can continue to work and settle in the UK until the end of 2020, and likewise for British nationals living and working in Europe.In September, May added that these rights would be guaranteed for EU nationals in the UK even in the case of a no-deal Brexit.An EU Settlement Scheme was announced in June, enabling the roughly 3m EU residents in the UK to apply for “settled status” until the end of June 2021.This will give them the right to continue living in the UK after December 2020. The scheme has been trialled and is expected to be in full operation from March 2019.However, there is no current agreement on the rights of EU nationals to settle and work in the UK after June 2021. Max Kelly Erna Solberg, Prime Minister of Norway, said: “Prime Minister May and I agreed that Norway and UK will put in place a comprehensive citizens rights’ agreement.We will treat all UK citizens living in Norway … so they will have the same opportunities as they had before also after March 2019.”May, who is currently visiting Oslo, said: “Whatever happens, we confirm that people from the EEA, the Norwegian citizens and those others who are living in the UK, and who have made their life choice to be in the UK, well, to be able to be in the UK. We want them to stay.”Norway is outside of the EU, but retains single market access through its membership of the European Economic Area (EEA) and free movement zone.The UK government is also negotiating citizen rights agreements with Iceland, Liechtenstein and Switzerland separately. Tuesday 30 October 2018 5:09 pm Share whatsapp Tags: Brexit People Theresa May British citizens in Norway and Norwegian citizens in the UK will have the right to remain post-Brexit, their governments said today. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USABridesBlushWhat The Harry Potter Stars Look Like Out Of CostumeBridesBlushAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorCrowdy FanThe World’s Tallest WomenCrowdy FanDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyStandardNewsHistorical Films That Were Actually AccurateStandardNewslast_img read more

From tech to Trump – here’s what prompted the big market moves of 2018

first_imgTuesday 18 December 2018 11:36 am From Brexit to trade wars, nothing has been plain-sailing about 2018.It’s been a year of peaks and troughs across all major markets, so let’s have a look at the big moves of the past 12 months.Tech in turmoil From tech to Trump – here’s what prompted the big market moves of 2018 Yet, despite the obvious difficulties, Harari points out that most emerging market economies entered the year in much better financial shape than a few years ago, with improved fiscal positions, less imbalances, and more structural reforms in place.The borrowersThe political upheaval in Italy has sent shockwaves across Europe, and prompted a decline in the continent’s main stock markets.With the new Italian government wrangling with the European Commission over its proposed budget, Will Hobbs, head of investment strategy at Barclays Smart Investor, points out that this scuffle has seen interest rates on Italian debt soar.“The last few weeks has seen signs that the new Italian coalition may be listening to the market forces a little more attentively, presenting the Commission with increasingly less jarring spending plans,” he says.“We have long argued that the capital markets are an underestimated disciplinary force. In the end, the more heavily indebted a government is, the less leeway the politicians have to indulge the expansive fiscal gestures that may have helped them into office.”The FTSE fallThe FTSE 100 started off this year in high spirits, and reached record levels in May. But the index has been on a bit of a downward slope since then, and is now down by about 10 per cent for the year as investors have been pricing in political turmoil.Richard Hunter, head of markets at Interactive Investor, says this shows how quickly sentiment can change. “With institutional international investors running scared, the term ‘uninvestable’ still rings in my ears,” he says, pointing out that even cash is ranking higher than the FTSE 100.Yet with the FTSE 100 currently yielding an average of 4.5 per cent, Hunter says that there’s a “pretty decent carrot being dangled” in front of patient investors.“It’s from a good crop too, given the number of world class companies largely immune from UK political uncertainty, it may well be worth hanging on in there.”But if there’s just one thing to take from 2018, it’s that the higher markets go up, the further they have to fall. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostAffluent TimesLily From The AT&T Ads Is Causing A Stir For One ReasonAffluent TimesTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It Love Katherine Denham Tags: Amazon Apple Asset management Brexit Company Donald Trump Emerging markets Facebook Federal Reserve FTSE 100 Google Netflix People US interest rates whatsapp “This will get worse in 2019 as the sugar rush from the tax cuts and regulatory reforms wear off,” he says. “Trump also faces an endless onslaught of investigations, real and threatened, in 2019.”The professional investor says the cracks are not just appearing in Wall Street, but are now apparent in housing data and car sales. “The Trump approval rating will struggle to hold up if the domestic economy slows markedly,” he adds.Nations at warTensions between the world’s two largest economies reached worrying heights this year, after the US slapped China with trade tariffs, only for China to slap back.While the Chinese and American presidents both agreed on a 90-day truce earlier this month, the situation has served as a kick in the teeth for emerging markets.“If you thought it was tough for UK equities this year, spare a thought for emerging markets, which have been grappling with the triple whammy of trade war jitters, US dollar strength, and rising interest rates,” says Moira O’Neill from Interactive Investor. O’Keeffe adds that this has been hugely relevant to mainstream investors because almost every popular global fund and trust has large holdings in US technology companies.Correction territoryAutumn was a good time for US equities, with the S&P 500 and Dow Jones both reaching peaks during September and October respectively. But the indices have been on a downward slope since, and it’s thought that markets are now in a much-needed correction.Maurice Harari from SYZ Asset Management says that the recent moves are a “healthy rebalancing” act. “Assets that so far proved more resilient to the US monetary policy normalisation cycle – such as US equities, growth stocks, and the technology sector – saw a more severe adjustment,” he says.Many big companies (particularly those that need to borrow) are now feeling the effects of higher US interest rates, while investors turn to the bond market for better returns. And with the Federal Reserve set to raise rates again next year, the picture is beginning to look less rosy for the US stock market.Peak TrumpWhile President Trump’s tax cuts have served as a boost to US companies, much of the momentum disappeared with the midterms in November when he lost the House of Representatives. Fund Expert’s Brian Dennehy says this opened up a range of “nasty possibilities”. Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com This was the year when the tech giants raced to become the first ever $1 trillion company, with Apple winning the title in August.But it was also the same year that the big technology giants – Facebook, Amazon, Apple, Netflix and Google (or Faangs) – saw an end to their reign as the kings of growth, serving as a reminder that what goes up, must come down.“Faang stocks entered the year as the darlings of the global stock market, being apparently impervious to any possible downside risks and encapsulating everything that was good about the US economy,” says Rebecca O’Keeffe, head of investments at Interactive Investor. “Such unbridled optimism is seldom a good thing, and so it has proved in 2018.”They might have peaked in the summer, but Faangs started running into difficulties in the second half of the year as they grappled with tougher regulation and higher taxes. They’ve also started to feel the effects of the tariffs imposed by President Donald Trump, which has increased the cost of manufacturing goods in China.“As a result of these growing challenges, the Faang stocks endured a torrid second half of the year. Facebook and Netflix dropped almost 40 per cent from their summer highs, while Apple and Amazon lost a quarter of their value relative to their summer peaks.”last_img read more

Live: Donald Trump wades into General Election debate

first_imgRead more: Donald Trump claims a political victory as Isis leader al-Baghdadi killed in US raid Thursday 31 October 2019 6:36 pm 18.05pm whatsapp Trump says he just wants to focus on trade. He says Britain’s trade with the US could be four to five times higher than it is now. The President says he thinks Corbyn started rumours that the NHS would be involved in a trade deal. Trump says a trade deal between the UK and the US would not involve the NHS. “It’s not for us to have anything to do with your healthcare system,” he says. Trump adds that he thinks he “really hit it off” with the Queen on his state visit. The interview, which aired at 6pm tonight, came hours after the US House of Representatives voted to move on to the next stage of its impeachment inquiry into Trump’s dealings with Ukraine. 18.12pm In the LBC interview, a snippet of which was released early, Trump told Farage that the US wants to strike a post-Brexit trade deal with the UK. Trump says al-Baghdadi was “a coward” who died “a very rough death”. He says US forces “broke through like they were dealing with children” during the operation to kill al-Baghdadi. “He died whimpering and crying,” Trump says. US President Donald Trump has waded into the UK General Election in typical style, saying Jeremy Corbyn would be “so bad” for Britain. Trump adds: “I wish you two guys could get together, I think it would be a great thing.” Trump says he might have to face Elizabeth Warren in the 2020 presidential election. The US President says Johnson and Farage should “get together” in a General Election pact. 18.07pm 18.17pm “We want to do trade with UK, and they want to do trade with us,” Trump says, but he casts doubt on whether Johnson’s Brexit deal will let a trade deal be signed. In an interview with Brexit party leader Nigel Farage on London’s LBC radio, the President said: “Your country has tremendous potential. It’s a great country.” Trump expands on his relationship with the Royal family. He repeats that they “really hit it off”. He said he had “really an incredible evening” during the state visit. 18.19pm 18.30pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndoNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalistUndo 18.10pm Read more: Brexit party leader Nigel Farage will run for Commons seat at General Election “The Democrats have got nothing,” Trump says. “We call them the do-nothing Democrats.” The conversation turns to security. Trump says the European Union is not paying its way in the North Atlantic Treaty Organisation (Nato). “There are right now in Nato 20 countries that are delinquent, meaning they owe a lot of money. Germany is number one,” he says. 18.27pm Trump says Boris Johnson has spoken to him about the difficulties of thrashing out a Brexit deal. He says it could be Bernie Sanders, but says Sanders “looks shot”. 18.22pm He says he thinks Brexit will have happened before the November 2020 presidential election next year. He says people are “sick” of hearing about Brexit, and the interview ends. He says there was nothing untoward about his phone call with Ukrainian President Volodymyr Zelensky, which the allegations centre around. Farage moves the conversation on to the death of Harry Dunn in a road accident in the UK this summer after colliding with the car of Anne Sacoolas, the wife of a US military official. Sacoolas fled to the US. Trump says he did not have “one negative Republican vote” in the House of Representatives today. The House voted to press on with its impeachment inquiry. Harry Robertson 18.08pm Turning back to UK politics, Trump says: “Corbyn would be so bad for your country, he’d be so bad, he’d take you on such a bad way. He’d take you into such bad places.” Farage asks whether Sacoolas could come back to the UK to face trial. “I’ll have to see what the final facts are,” Trump says. Farage tries to persuade Trump to pressure Johnson into heading for a no-deal Brexit. Trump says he is disappointed the UK has not left the EU. “I think it’s a good thing for the UK,” he says. Farage asks the President what he thinks of Meghan Markle’s relationship with the press. Trump says he does not have a lot to add, but says he “really” likes Prince Harry. He also says he likes Prince Charles. “He loves the environment,” he says. 18.24pm “We can do many times the numbers that we’re doing right now,” the President said, “and certainly much bigger numbers than you’re doing under the European Union.” Trump says people say he is a “very intelligent person”. He asks why an intelligent person would try to pressure a foreign power into helping him in an election. He says Johnson listens to him. “Boris and I have a great relationship.” He says: “It was time for Boris, I think you needed him.” Live: Donald Trump’s interview Trump says he did “a world favour, not just a US favour”. “I’d like to see you and Boris get together because you would really have some numbers,” he says. “He respects you a lot, I can tell you that.” whatsapp Conversation turns to the recent death of Isis commander Abu Bakr al-Baghdadi. (Image credit: Getty) 18.14pm Read more: General Election: Jeremy Corbyn pledges to go after ‘greedy bankers’ “What’s a high crime and misdemeanour when you have a very appropriate conversation? Fortunately we’ve got the transcript,” Trump says. Read more: Harry Dunn’s family sues administration of US President Donald Trump Share Live: Donald Trump wades into General Election debate in Nigel Farage interview Trump says he liked Theresa May, but “did not agree with her on certain things”. He says: “I told her exactly how to make the deal, but she didn’t listen to me.” His intervention into UK politics will prove controversial. Former US President Barack Obama’s 2016 comment that Brexit would leave the UK at the “back of the queue” for a trade deal with the US caused a furore during the European Union referendum. “There’s a lot of difficulty with that whole situation,” Trump says. He adds that countries such as Germany are “taking advantage of the United States”. Trump says allegations that he abused his power to get dirt on political rival Joe Biden are “totally false”. Yet he warned that a Labour government under Corbyn would “take you on such a bad way. He’d take you into such bad places”. “Boris wants to be very careful with that,” Trump says.last_img read more

Vince Cable calls Royal Mail share slump ‘vindicating’

first_imgThe former state monopoly is tussling in the courts with the Communication Workers Union (CWU) over strikes. Sunday 1 December 2019 3:48 pm On Thursday the CWU lost an appeal that sought to overturn a High Court injunction to stop strike action ahead of Christmas and the UK’s 12 December General Election. The CWU vowed to keep battling, however. whatsapp The move came a year after the job was abolished when chief executive of UK post and parcels Sue Whalley was ousted due to the arm’s poor performance. whatsapp Read more: Royal Mail: Court rejects appeal against ban on Christmas strike In September, Royal Mail appointed headhunters to search for a director to run its struggling UK operations. Former Lib Dem business secretary Sir Vince Cable has said he has been “vindicated” by the collapse in Royal Mail’s share price after his handling of the firm’s privatisation six years ago drew criticism. Yet the former Lib Dem leader added: “It’s been a big success in the sense that Royal Mail was in serious difficulty. In a world of email, Postman Pat is as much a part of us as the stagecoach. In order to do that the Royal Mail needed to borrow – it wasn’t going to come from the government.” Harry Robertson center_img The former Lib Dem leader was business secretary when Royal Mail floated (Getty Images) The coalition government was attacked at the time of the float for undervaluing Royal Mail after its shares soared by more than a third on the first day of trading. Read more: Royal Mail shares bleed red as strike threat puts profit in doubt Share Cable told the Sunday Telegraph: “What the share price shows you is that this wasn’t a very sound business. We knew that this was a business that was going to struggle.” More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Royal Mail has had a torrid 2019 that could be capped by industrial action by workers during the Christmas period. The firm’s share price has since tumbled back down to earth to sit around 50 per cent below its original price, at roughly 209p. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoDaily FunnyFunny Notes You Don’t Want To Get From Your NeighborDaily FunnyUndoAlphaCuteBizarre Hells Angels Rules, #10 Is MandatoryAlphaCuteUndoWorldLifeStyleVet Calls The Police When He Sees A Family’s Adopted DogWorldLifeStyleUndoGloriousaMother Set Up A Hidden Camera, Her Husband Was Caught In The Act…GloriousaUndo Sir Vince Cable calls Royal Mail share slump ‘vindicating’ last_img read more

London leads the UK in creation of startups

first_img London leads the UK in creation of startups Data from the Centre for Entrepreneurs’ annual startup index released on Monday showed that there were 24 startups for every 1,000 citizens in the capital. Angharad Carrick Read more: Meet the UK’s 70 fastest-growing tech firms Share Monday 13 January 2020 12:01 am whatsapp London continued to dominate the startup landscape in 2019, as the UK hit a record level for a second year in a row. (Getty Images) “It is encouraging that despite a politically turbulent year in which business confidence hit new lows, business formations continued to set records” said Matt Smith, director of policy and research at the Centre for Entrepreneurs. The number of startups in London increased 2.4 per cent to 221,373 companies, a substantial portion of the 681,704 businesses created in 2019. Show Comments ▼center_img Read more: Tech startups resilient on hiring potential despite political turmoil London’s tech scene has thrived in recent years but the Centre for Entrepreneurs’ data indicates that Brighton and Bournemouth had a higher proportion of tech companies among their new businesses than London tech hubs such as Camden. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman files for divorce after seeing this photoMisterStoryPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterJournalistatePhotos Of This New Teacher Went Viral, Parents Worried…JournalistateDefinition24 Of The Most Hilarious Yard Signs Ever WrittenDefinitionautooverload.comGrossly Uncool Things Boomers Still Think Are Coolautooverload.comzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.com Tech startups accounted for 13 per cent and 12 per cent of the new businesses in Camden and Islington respectively in 2019, above the local authority average of 7.5 per cent. The number of new startups in the City of London fell 12.28 per cent to 7,134 in 2019, but the Square Mile still ranked first per capita. Smith said the results indicated that “entrepreneurial spirit is well and truly embedded across the UK with entrepreneurs continuing to turn their ideas into action”. whatsapp Camden topped the table with 24,403 new startups, representing a 3.48 per cent rise on the year before. It was closely followed by Hackney, which increased its number of startups 13.54 per cent from 21,077 in 2018 to 23,930 in 2019. Islington came in third place in the index with 17,624 startups, with Westminster in fourth, despite its number of new startups falling 1.85 per cent to 16,971. A 21.95 per cent fall in new businesses meant Birmingham trailed the four London boroughs with just 14,509 new startups. Over 45,229 tech startups were launched in 2019, totalling five new tech startups launched every hour. Of these, 17,401 were registered in London.last_img read more

The US doesn’t have many options in its fight with Huawei over 5G

first_imgMain image credit: Getty Its best bet right now is likely to earmark a lot of money that can be used to bring together companies that already exist — some of which won’t be American — and then offer nations a package that can compete with Huawei.  Under Donald Trump’s presidency, the US has sought to convince countries to ban Huawei outright from next-generation mobile networks known as 5G. But success has been limited: last month, the UK — one of America’s closest allies — said Huawei could play a limited role in its 5G rollout.   Tuesday 25 February 2020 5:43 am Share whatsapp Washington has long maintained that Huawei is a national security threat. On top of this, Huawei holds key patents for 5G and has been one of the biggest players in helping to set the so-called technical standards over the past decade. That means it will play a huge role in how 5G looks across the world moving forward — whether Washington likes it or not.  More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org A journalist takes pictures of a projection screen prior to the start of Germany’s auction for the construction of an ultra-fast 5G mobile network on March 19, 2019 at the German Federal Network Agency (BNA, Bundesnetzagentur) in Mainz, western Germany. – Germany launched the action as a transatlantic dispute rages over security concerns surrounding giant Chinese telecoms equipment maker Huawei. ‘5G’ — ‘fifth generation’ — is the latest, high-speed generation of cellular mobile communications and Berlin will require winning bidders to offer 5G service to at least 98 percent of German households and along motorways and rail lines. (Photo by Arne Dedert / dpa / AFP) / Germany OUT (Photo credit should read ARNE DEDERT/AFP/Getty Images) That may be a near-term fix for the 5G era, but fundamentally the US will need to figure out what role it wants to play in whatever technology comes next. Recent suggestions from Washington have veered from the need to take controlling stakes in Ericsson and Nokia — Huawei’s only two major competitors — to trying to back rival 5G architecture.   Any attempt to try to start a Huawei rival in 5G is just too late.  Telecommunications companies, particularly in Europe, are still working out the business case for 5G — a massive network upgrade that won’t be cheap.  It says the company is a risk because China could use its equipment to spy on citizens. Huawei has repeatedly denied those accusations.center_img One of the advantages that Huawei has reportedly had is on cost, which experts have said comes from Chinese state help. Reports of Chinese banks offering favourable financing deals for Huawei have also been used to back up this claim.  City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Arjun KharpalArjun Kharpal is CNBC’s senior technology correspondent senior technology correspondent, CNBC The problem is the US can’t offer an alternative, and it doesn’t have any coherent policy around 5G.  Opinion For example, it could try to create an alliance between key US entities like Qualcomm and Cisco, and some other foreign vendors like Samsung, Nokia and Ericsson. Then, backed by US state funding, it could offer a country a complete 5G package that excludes Huawei.   Tags: 5G Huawei whatsapp It’s not quite fair to say that the US doesn’t have a dog in the 5G fight. Companies like Qualcomm and Intel will be a key part of making the chips for 5G, for example. But it is true that the US doesn’t have a player that can offer an end-to-end 5G setup like Huawei can.   In light of this, the US options are limited when it comes to competing with Huawei and getting countries not to use the Chinese firm’s gear.  Show Comments ▼ America has few options to take on Huawei in a 5G fight last_img read more

UK would ‘say no’ to EU request for extension of Brexit trade talks

first_img“An extension of the transition would prolong negotiations, delay uncertainty and delay our own control of our borders. Thursday 16 April 2020 1:39 pm Stefan Boscia European Union chief Brexit negotiator Michel Barnier (R) and the British Prime Minister’s Europe adviser David Frost pose for a photograph at start of the first round of post-Brexit trade deal talks (POOL/AFP via Getty Images) Also Read: UK would ‘say no’ to EU request for extension of Brexit trade talks “If the EU asks for an extension, we will say no,” he said. It is understood that the EU would potentially be open to an extension, but it has not asked for one. Speaking to the BBC today, she said: “I really hope that all policymakers everywhere would be thinking about [reducing uncertainty]. It is tough as it is. Let’s not make it any tougher. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comGloriousaDrone Captures What No One Was Supposed to SeeGloriousaNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsDefinition24 Of The Most Hilarious Yard Signs Ever WrittenDefinition Show Comments ▼ “My advice would be to seek ways in which this element of uncertainty is reduced in the interests of everybody, of the UK, of the EU, the whole world.” The UK is currently in a transition period, where it is still operating by EU rules and regulations. Barnier also contracted coronavirus and was out of action for some weeks, while Boris Johnson was also hospitalised with the virus. whatsapp “It would keep us bound by EU legislation when we need flexibility to respond to the coronavirus pandemic.” UK chief negotiator David Frost and his EU counterpart Michel Barnier confirmed yesterday that trade talks will re-commence next week. On a call to journalists today, the spokesman reiterated the governmnt’s position, saying that an extension to the 31 December deadline would hamper the UK’s longterm response to the coronavirus crisis.center_img If no deal is struck by 31 December then new taxes and trade barriers will immediately be implemented on World Trade Organisation (WTO) terms. Georgieva said today that an extension must be sought to maintain global stability. The pair, and their teams, will hold three week-long negotiation rounds via video conference over the next six weeks. whatsapp The trade negotiations have been plagued by coronavirus-related delays, with a meeting between Barnier and Frost cancelled in mid-March over fears of contagion. European Union chief Brexit negotiator Michel Barnier (R) and the British Prime Minister’s Europe adviser David Frost pose for a photograph at start of the first round of post-Brexit trade deal talks (POOL/AFP via Getty Images) Also Read: UK would ‘say no’ to EU request for extension of Brexit trade talks European Union chief Brexit negotiator Michel Barnier (R) and the British Prime Minister’s Europe adviser David Frost pose for a photograph at start of the first round of post-Brexit trade deal talks (POOL/AFP via Getty Images) Boris Johnson’s spokesman responded by rejecting Georgieva’s plea. An extension to the trade negotiations deadline would need to be approved by July, according to the terms of the withdrawal agreement. The UK will refuse any request for a Brexit trade deal extension by the EU, according to the Prime Minister’s official spokesman. Share International Monetary Fund (IMF) chief IMF chair Kristalina Georgieva today urged the government to extend the deadline to reduce uncertainty during the Covid-19 crisis. UK would ‘say no’ to EU request for extension of Brexit trade talks last_img read more