GBP British Inflation Accelerated British inflation accelerated last month on high transport costs, hitting average workers’ purchasing power — but boardroom pay has surged, data showed Wednesday. The Consumer Prices Index (CPI) 12-month rate picked up speed to 2.5 percent in July after 2.4 percent in June, the Office for National Statistics (ONS) said in […]
The Bank of England appears set Thursday to hike interest rates to combat high inflation, as it eyes fallout from both Brexit and the global trade war, economists say. Policymakers are widely expected to ramp up the British central bank’s main interest rate by a quarter-point to 0.75 percent — which would be the highest […]
President Trump, “Oil Prices are too high, Not good” $USO, $OIL, $UGA “An SPR release would have a psych impact on the market. It may not translate into lower gasoline prices, but it would immediately bring down Crude Oil prices until the market adjusts” The Trump Administration is considering tapping into the nation’s emergency supply […]
The Trump Impact: NATO Allies are Hiking Defense Spending Sunday, US NATO Ambassador Kay Bailey Hutchison praised President Donald Trump for “making an impact,” and is the 1st in 3 administrations to get allies to hike their defense spending. In an interview Sunday, Amb. Hutchinson remarked “I’ve worked for 3 presidents, all of whom have […]
Soros Seeks to Overturn Democracy in UK Brexiteers have reacted with fury at the upcoming launch of a new campaign by pro-Remain group ‘Best for Britain’ which is demanding a second referendum on the UK’s membership of the European Union. “We made our mind up already,” said UKIP MEP Nigel Farage on his LBC radio […]
British Prime Minister Theresa May said there would be no way to delay a June 19 start to Brexit negotiations as she urged voters to give her a strong mandate in a national election due next week. “Those negotiations will start just 11 days after polling day and there won’t be any putting it off. […]
The three surveys collectively point to GDP growing at a rate of 0.6 percent at the start of the second quarter, which would be a considerable improvement on the preliminary official GDP estimate for the first quarter of 0.3 percent. A sharp rise in inflation driven by a steep fall in sterling on foreign exchange […]
British Pound (£) ⇨ US Dollar ($) (GBPUSD) Brexit and the Pound Highlights Several markets across Asia and Europe were closed for the May Day holiday. Tokyo markets will be closed for three days from Wednesday for a string of holidays known as Golden Week, and many investors take additional time off. May has said […]
How GCC Family Philanthropy Creates a Lasting Impact Ramy Sfeir examines the ways family businesses can make a difference to their communities Family businesses in the Gulf Cooperation Council (GCC) are major forces in regional philanthropy, supporting a wide range of causes. And as they undergo important internal changes, with new generations taking control, these […]
“US Electronics Ban to have Little Impact on Dubai Passenger Numbers” Paul Griffiths said a “very tiny proportion” of passengers might choose to switch airlines The CEO of Dubai Airports believes the US ban on carry-on large electronics will have no significant impact on passenger numbers at Dubai International. In an interview Friday, Mr. Griffiths […]
Starbucks’ (NASDAQ:SBUX) Brand Takes a Hit on CEO Refugee Comments $SBUX, $TWTR, $FB, $DNKN Starbucks Corp’s (NYSE:SBUX) vow to hire thousands of refugees after President Donald Trump’s 1st executive order that temporarily banned travel from 7 mostly-Muslim nations appears to be hurting customer sentiment of the coffee chain. President Trump’s supporters have used Twitter (NYSE:TWTR), […]
China Is Capable of Dealing with the Rising US Trade Protectionism $UBS Chairman of Swiss bank UBS Axel Weber says that globalization is suffering setbacks, but China is capable of making up for the negative impact on its growth by using more domestic fiscal and monetary stimulus. “Globalization never happened in a straight line. There are […]
UAE has ‘No Plans’ to Introduce Income Tax Projects in latest budget will not rely on new taxes or additional fees, finance ministry said The UAE has no plans to impose new taxes on individuals and the government is not studying the introduction of more fees for services, Younis al-Khouri, under-secretary at the finance ministry, […]
Zika Virus to Have Little Impact on Singapore Economy The outbreak of Zika virus in Singapore will have “small impact” on the country’s economy, said Ravi Menon, Managing Director of Monetary Authority of Singapore (MAS), said Wednesday. The Chief of MAS said it is too early to assess the impact of Zika on Singapore, adding […]
Donald Trump, “I do not play to lose” In an interview Thursday, Donald Trump said that he does not “play to lose,” so he believes that he will do well with his Presidential election bid, he admits that his campaign has gone “beyond what I assumed.” “People have asked me that question, and I guess […]
Donald Trump, “The good news, Melania’s speech had major impact.” Donald Trump commented Wednesday on the Melania’s historic speach to the Republican National Convention, praising the impact for generating “more publicity than any in the history of politics.” The Monday night speech generated huge searches on Google and conversations on Facebook that is continuing. Donald Trump […]
Brexit to Have Little Impact on Saudi and UAE Financial Institutions Saudi said it had already made some adjustments to assets denominated in Pound Sterling and Euros Saturday, 2 Gulf states said they did not anticipate their financial institutions to be greatly affected as a result of Britain’s vote to leave the EU. Saudi Arabia, […]
The Social and Economic Impact of Living Longer The Big Q: Would you do things differently if you expected to live a healthy, longer life? The Big A: Likely your answer is Yes, and you would value your time, organize it differently because there would be more of it. Most people think about what they […]
Marijuana Legalization & Taxes: Federal Revenue Impact The Big Q: What would a mature, legal Marijuana market yield in federal, state and local taxes? The Big A: About $28-B per annum, according to the Tax Foundation. The information is in its new study, Marijuana Legalization and Taxes: Federal Revenue Impact. Below are some of the […]
Any Deal To “Freeze” Crude Oil Production To Have Limited Impact A deal to freeze Crude Oil production by OPEC and non-OPEC producers will have a limited impact on global supply and markets are unlikely to rebalance before Y 2017, the International Energy Agency (IEA) said Friday. The IEA, which oversees the energy policies of […]