Donald Trump won a second term in a historic return to White House after beating Kamala Harris in Tuesday’s (Nov. 7, 2024) presidential election. In his victory speech, he declared his intention to “help the country heal,” and promised that his next administration would be “the golden age of America.” Among the people Trump thanked for his victory was popular podcast host Joe Rogan,
READ MOREJP Morgan Private Bank and Beauhurst found in an annual report that since 2014 private investment in businesses founded, led or managed by women in the UK has tripled, reaching £4.01 billion today. This trend aligns with the broader high-growth ecosystem where private investment has risen from £5.21 billion in 2014 to £17.3 billion in 2023. The report analysed 14,555 companies in
READ MOREDespite the challenging commercial real estate landscape and mixed economic environment, international business leaders are bullish on the future, with two-thirds (65%) expecting their Commercial Real Estate (CRE) budgets to increase between now and 2030, JLL’s new report reveals. The biennial survey explores the evolving world of work by assessing the key priorities, challenges and strategies that are top of mind for
READ MORENew challenges to the petrodollar system: Saudi Arabia is officially open to non-US dollar oil trade
Saudi Arabia opens to settling trade in other currencies than the US dollar, the country’s finance minister said, in one of the clearest signs yet that the oil-rich kingdom is seeking to strengthen its relations with crucial trade partners and diversify away from the greenback. “There are no issues with discussing how we settle our trade arrangements, whether it is in the US
READ MOREWar and trade tensions trump cyber-fears for 2023, according to the Depository Trust & Clearing Corporation’s (DTCC) annual Systemic Risk Barometer Survey. Almost 70% of respondents cited geopolitical risks and trade tensions as a top threat (up from 49% last year), with inflation (61%) a close second, (up from 34% last year). Respondents cited unknowns around how long inflationary pressures may last,
READ MOREThe director of the International Monetary Fund (IMF) thinks that a harsh winter and an energy crisis may cause social unrest in Europe, amid a dire economic situation and rising fears of a recession. “There is certainly fear of recession in some countries, or even if it is not recession, that it would feel like recession this winter,” Kristalina Georgieva said on
READ MORESharply rising inflation, political unrest, trade disruptions from Brexit and COVID, social distress and an energy crisis, are all making the British economy appear more like one from the developing world rather than the sixth largest in the world, according to a research note from Christopher Dembik, head of macro analysis at Saxo Bank. “What Brexit has not done by itself, Brexit
READ MORE