Category Archives: Business

Interest rate rise will come next summer, economists predict

Poll of economists finds that July to September 2015 is the likely time for Bank of England action

The UK’s first interest rate rise will come no earlier than July next year but probably by the end of September, according to economists polled by Reuters.

It found that 32 of 50 mainly City economists forecast the Bank of England’s base rate will increase to 0.75% in the third quarter of 2015, six months later than previously thought.

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Russia puts ‘Putin’s banker’ Sergei Pugachev on Interpol wanted list

Ally turned critic of Russian president is believed to be London and is accused of siphoning money from bank for personal use Continue reading…
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Is the Greek economy improving?

The Greek government is keen to trumpet the country’s improved economic outlook, as the country exits recession for the first time in six years. But is any improvement being felt by people on the ground?

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Firms invested £17bn in companies making cluster bombs, report says

More than 150 financial institutions continue to invest despite worldwide ban since 2008 Continue reading…
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Posted in Business, Cluster bombs, Financial sector, Investment funds, Investments, Money, UK news, World news | Comments Off

EU parliament gets behind Juncker’s €315bn investment plan

European leaders hope to leverage seed amount of €21bn to attract private funding for infrastructure projects Continue reading…




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Germany to demand at least 30% women in top boardrooms

Frauenquote – or women’s quotas – will be signed into law next month and firms must start implementing the rule by 2016 Continue reading…




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Ministers considering cuts to farm checks for avian flu and other diseases

Leaked papers reveal options include using ‘non-vets’ to look for TB in cattle and getting farmers to check for salmonella

Ministers have been privately considering plans to cut back on health inspections to fight avian flu, as well as a swath of other animal welfare and farm inspections, even though a new bird flu strain has been found in the UK and is considered to pose a significant risk to the poultry sector.

Papers leaked to the Guardian show the cuts were discussed at a meeting on 20 November among civil servants at the Department for Environment, Food & Rural Affairs.

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Fears that ‘dangerous’ Switzerland referendum could spark gold rush

Poll could force Swiss central bank to triple reserves, leading to price of gold soaring on international markets, experts say Continue reading…
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Sochi raises the stakes in bid for Black Sea Monte Carlo crown

After plans to introduce casinos to Crimea, Putin approves gambling zone in Winter Olympic resort. EurasiaNet.org report Continue reading…
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Bailouts, bail-ins and the banks: why we can’t afford another financial crisis

Governments are not flush enough to contemplate a second wave of bailouts, which leaves the problem of too ‘big to fail’ unsolved, writes Larry Elliott

A look into the future: David Cameron’s nightmare has come true; the slowdown in the global economy has turned into a second major recession within a decade.

In those circumstances, there would be two massive policy challenges. The first would be how to prevent the recession turning into a global slump. The second would be how to prevent the financial system from imploding.

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Posted in Banking, Banking reform, Business, Economics, Financial crisis, Financial sector, World news | Comments Off