UK Premier League soccer clubs have eclipsed the record for the amount spent during the summer transfer window, splashing out a record £1.4 billion – an average of £71 million for each club. Kate King takes a look at whether they’re spending within their means. Continue reading
Sterling surges against the dollar but UK shares slip to a two per cent loss after British Prime Minister Theresa May calls a snap general election to strengthen her hand in Brexit negotiations. David Pollard reports. Continue reading
As the US moves from a ‘post-truth’ election to post-Trump inauguration, markets ponder an uncertain future for the world economy. Ivor Bennett canvasses analysts on what they expect to emerge from the new president’s first months in office. Continue reading
Chinese President Xi Jinping told African leaders his country would pump $60 billion into development projects, cancel some debt and boost agriculture under a three-year plan that will extend Beijing’s influence in the continent. Ivor Bennett reports. Continue reading
(BVO) – It’s the biggest tech deal ever. Dell is buying the data storage giant EMC for about $67 billion in cash and stock. It will pay a 19 percent premium.
Mining giant Glencore looks to sell copper mines in Australia and Chile to reduce its debt.
(BVO) – For Volkswagen’s US boss, the timing couldn’t have been worse
A growing scandal, coinciding with a launch that’s been scheduled for months.
Michael Horn had no choice but to face the music.
(Reuters Business Report) – Don Quixote: a Spanish literary hero famous for tilting his lance at imaginary foes – like windmills.
Austerity though – that’s seen as a very real enemy.
Many Spaniards in solidarity with ordinary Greeks.
(Reuters Business Report) – Once a luxury only the rich could afford.
Now tea is the UK’s favourite brew and at less than a penny a cup, relatively inexpensive.
But for how long?
(BVO) – Can it get any worse for HSBC? On this evidence probably not.
Europe’s biggest bank reporting a 17 percent drop in annual profit as a tax evasion scandal at its private banking business in Switzerland continues to deepen.