The euro fell across the board on Thursday after weak German and French PMI data confirmed the eurozone economy was struggling to gain traction, prompting traders to trim aggressive interest rate hike bets by the European Central Bank. The German economy, Europe’s largest, suffered a sharp loss of momentum at the end of the second […]
Toshiba may be about to make history for the second time. Foreign buyout groups may reportedly offer up to ￥3tn ($22bn) for the troubled Japanese conglomerate. If a deal goes through, it would be Japan’s biggest takeover. The second largest would then be Bain’s purchase of Toshiba’s memory chip unit four years ago. The weakness […]
The writer, a former permanent secretary to the Treasury, is a visiting professor at King’s College London Last week’s interest rate rise by the Bank of England has provided some temporary respite to sterling. But the pound is still 10 per cent weaker against the US dollar compared with its January peak, and 3 per […]
Those travelling abroad will get less for their money as the UK’s currency took a further dive this week. Sterling sank to its lowest level since the start of the pandemic on Tuesday, dropping below $1.20 before partly recovering on Wednesday. The pound is also hovering near a thirteen-month low against the euro. With the […]
A horror movie’s premise is crucial, as this is what sells the film to audiences who are hopeful that they have found their new favorite film. Whether looking back at classic flicks or new releases, the story is what draws people in, suggesting a terrifying ride full of surprises. Sometimes, a movie has a silly […]
Putin’s invasion of Ukraine looks set to rumble on for many months as the Russian President is determined to seize the predominantly Russian-speaking eastern region of Donbas. Controlling Ukraine’s old industrial heartland would be an outcome the Kremlin strongman could claim as a victory, many analysts believe, as Russia has been forced into a humiliating […]
The yen’s plunge to a 20-year low against the dollar will hand a significant advantage to foreign bidders in the competition for Japanese assets and drive a wave of inbound dealmaking, says the chief executive of Nomura. The recent easing of entry restrictions on business travellers, along with the forex-driven phenomenon of a “cheap” Japan, […]
Writing on Twitter Margaret Thatcher’s former aide Nile Gardiner slammed the US President for “bowing down to Russia” for refusing to send the rockets. The Foreign Policy analyst and Telegraph contributor tore the Biden administration apart claiming they were appeasing Russia. He wrote to his Twitter followers: “Weak and pathetic: The Biden Administration bows down […]
The Beatles didn’t exactly have the luxury of rejecting songs. Thanks to their contract with EMI, the band were required to put out two albums worth of material a year, not including additional singles every few months or so. John Lennon and Paul McCartney were writing like mad men in the early days, partially because […]
A food crisis appears to be a global prospect as Russian ships have blockaded the port at Odesa in Ukraine, preventing exports of grains, oils and other important products. But not only is Ukraine struggling to ship out these products to the rest of the world, but it is also struggling to domestically produce as Russia is […]