Category Archives: Business

Syriza’s election victory in Greece – how Europe reacted

Leftwing anti-austerity parties hail result that saw Alexis Tsipras sworn in as prime minister after forming alliance with Independent Greeks, while some ruling parties also give news a cautious welcome

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  1. Syriza’s historic win puts Greece on collision course with Europe
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  3. Profile: Alexis Tsipras, Syriza leader who looks set to take charge in Greece
Posted in alexis tsipras, austerity, Business, Economics, Enda Kenny, Europe, European Union, France, François Hollande, Gerry Adams, Greece, Ireland, Italy, Jean-Luc Mélenchon, Mariano Rajoy, Marine Le Pen, Matteo Renzi, Politics, Portugal, Spain, syriza, World news | Comments Off

Syriza’s historic win puts Greece on collision course with Europe

  • Voters reject EU austerity for radical alternative of far-left party
  • Upstarts fall two seats short of an overall majority
  • ‘Greece has turned a page,’ says 40-year-old leader Alexis Tsipras

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  1. Greece elections: outcome may put country on collision course with European Union
Posted in Banking, Business, Economics, Euro, Europe, European banks, European monetary union, European Union, Eurozone crisis, Financial crisis, Financial sector, Greece, World news | Comments Off

Why Greeks voted for Syriza: ‘We have nothing left to lose’

Syriza supporters optimistic about Alexis Tsipras’s vision, holding hope for a future without the shackles of austerity Continue reading…




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  1. Syriza’s historic win puts Greece on collision course with Europe
Posted in Banking, Business, Economics, Euro, Europe, European banks, European monetary union, European Union, Eurozone crisis, Financial crisis, Financial sector, Greece, Top News, World news | Comments Off

UK economic recovery running out of steam, forecasters say

Growth expected to slow to 0.6% in last quarter says poll of economists but annual GDP rise could be 2.6% – the strongest since financial crisis

The UK’s economic recovery lost steam at the close of 2014, official figures are expected to confirm this week.

Growth is forecast to have slowed to 0.6% in the fourth quarter, from 0.7% in the third, according to a poll of economists by Reuters.

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  1. IMF cuts global economic growth forecasts
  2. Osborne hopes for signs he is winning economic battle of Britain
  3. Who needs a ‘long-term economic plan’ when the oil price is falling like this?
Posted in Business, Consumer spending, Deloitte, Economic growth (GDP), Economic policy, Economic recovery, Economics, George Osborne, Inflation, Money, Oil, Petrol prices, Politics, World news | Comments Off

Profile: Alexis Tsipras, Syriza leader who looks set to take charge in Greece

Man likely to become Greece’s youngest prime minister appears determined to jolt not only his own country, but Europe too Continue reading…

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  1. Greece Election 2015: the politics and economics in numbers
  2. Greece elections: outcome may put country on collision course with European Union
Posted in Business, Denis MacShane, Economics, Euro, Europe, European Central Bank, European Union, Financial crisis, Greece, International Monetary Fund (IMF), Politics, World news | Comments Off

Business leaders fret over ‘cocktail of political risks’ as UK election nears

Davos delegates fear possibility of minority government and second poll, as well as uncertainty over EU membership

The general election risks exposing the UK to a “cocktail of political risks” that could threaten growth and force the country out of the European Union, according to business leaders.

The growth of minority parties such as Ukip and the Greens and the fall in popularity of the Liberal Democrats are forcing bosses to prepare for the possibility that a second poll may have to be called months after the one scheduled for 7 May.

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  1. Revised plan for election TV debates proposes including seven parties
Posted in Business, Confederation of British Industry (CBI), Davos, General election 2015, Politics, UK news, World news | Comments Off

British Airways owner reportedly cleared for takeover at Aer Lingus

Irish flag-carrier reportedly set to recommend to shareholders the third IAG offer valuing the airline at £1bn

Aer Lingus is set to accept a takeover bid from the owner of British Airways, after International Airlines Group made a third offer valuing the Dublin-based carrier at around £1bn (€1.3bn).

Aer Lingus is expected to make a statement to the stock exchange on Monday morning confirming the new approach by IAG at around €2.50 a share, having previously rejected bids worth €2.30 and €2.40.

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  2. Melbourne man reportedly killed while fighting for Islamic State in Syria
Posted in Air transport, Airline industry, British Airways, Business, Europe, International Airlines Group, Ireland, Mergers and acquisitions, Ryanair, Travel & leisure, World news | Comments Off

Davos is starting to get it – inequality is the root cause of stagnation

Business leaders have a choice: understand that less inequality equals stronger, less debt-dependent growth or watch stagnation takes hold

The World Economic Forum has never been good at crystal-ball gazing. In early 2007, it was smug and complacent even as the financial storm clouds gathered. Last year, there was a strong sense that the crisis was over, an optimism swiftly dashed by a combination of Ukraine, Islamic State and renewed stagnation in the eurozone.

The mood this year was downbeat, a lot more cautious. Perhaps excessively so. The open-ended €60bn a month asset-purchase scheme announced by the European Central Bank is unlikely to prove a game changer, but it will have an impact on activity. Plunging oil prices will mean consumers have more money left over after they have paid the energy bills and filled up the car. Cheaper crude is already starting to feed through into forward-looking business surveys.

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  2. Is Davos just an excuse for the 1% to have a bonding session?
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Posted in Business, Davos, Davos 2015, Economic growth (GDP), Economic policy, Economic recovery, Economics, Equality, Executive pay and bonuses, Politics, Society, US economic growth and recession, US income inequality, World news | Comments Off

Greece elections: outcome may put country on collision course with European Union

Opinion polls give leftwing anti-austerity Syriza party a clear lead, but the party may not win enough seats to govern alone

After five punishing years of austerity and recession, Greeks have begun casting their votes in a high-stakes election that could set their battered country on a collision course with the European Union.

Final opinion polls on Friday showed Syriza, which has pledged to overturn austerity and renegotiate Greece’s debt mountain, with a lead of between four and seven percentage points over its main rival New Democracy, with one poll putting the radical leftist party 10 points clear.

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Posted in Angela Merkel, austerity, Business, Economics, Europe, European Union, Greece, World news | Comments Off

From fags to fashion to jam – we are addicted to brands

The debate about plain packaging for cigarettes points up a truth about us being hooked on labels more generally

Nigel Farage, a man who prides himself on being “rather good” at smoking, once told a journalist about a little game he likes to play in supermarkets. Annoyed that the nanny state should have had the temerity to put his precious Benson & Hedges (I’m not sure what fags he favours; this is just a hunch) behind screens, he revealed that for a “bit of fun” he sometimes asks for defunct brands such as Capstan Full Strength and Craven A.

Needless to say, hilarity does not ensue – or not for the staff in question, who tend to ferret around helpfully in a futile bid to provide him with what he wants. “When they can’t find them, I ask for the manager,” Farage told Asian Trader. Punchline merrily dispensed, he then outlined his “total” opposition to plain packaging for cigarettes, an idea he regards as “nuts’, “bonkers” and “utterly, bloody barmy”.

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Posted in Business, Consumer spending, Imperial Tobacco, Marketing & PR, Nigel Farage, Tobacco industry, Top News, UK news, World news | Comments Off