Featured News

October 12, 2016

The City takes its fight to the House

Up to 35,000 jobs and £5 billion of annual tax revenue could be at risk if the May Government pursues a hard Brexit, a parliamentary committee will be told today. Miles Celic,…

October 12, 2016

Carmakers on a road less travelled

The number 66 has iconic status in automotive circles, evoking the spirit of freedom and expansion along America’s most famous highway. While Route 66 shot long and straight across the US, Britain’s…

October 5, 2016

Deutsche Bank: death by a thousand cuts?

Deutsche Bank remains between a rock and a hard place. It has yet to persuade US authorities to lower their demand for $14 billion to settle allegations that it mis-sold mortgage-backed securities…

October 5, 2016

Brexit could be bad for your health

Brexit has serious implications for the NHS. The ways it could disrupt health and social care services are spelt out in a leaflet from the NHS Confederation that represents all levels of…

October 5, 2016

£11bn industry in need of protection

University chiefs and staff, students and business will give evidence before a parliamentary committee on the impact of Brexit on higher education. The chair of the Education Committee, Neil Carmichael MP, said…

September 28, 2016

Lean civil service bulks up for Brexit

Barely a civil service department will be untouched by the push to attract the best and brightest to the government’s EU exit team, Chief-Exec.com has been told. Now it was essential that the…

September 28, 2016

Healthcare industries hold their breath

More than half of the UK’s health technology companies have put investment decisions on hold following the Brexit referendum, according to a survey seen by Chief-Exec.com. The Association of British Healthcare Industries…

September 21, 2016

Oxfam challenges the PM and business

The Prime Minister, Theresa May, must address the practices of “unscrupulous business” if she is to make good on her promise to close the gap between the haves and have-nots, Oxfam has…

September 15, 2016

Immigration Exemptions Emerge

Leave supporters voted in droves to cut immigration, but implementing this demand would be no easy task as Home Secretary Amber Rudd said when pushed this week on how it would be…

September 13, 2016

Minister Backs Creative Industries

The United Kingdom’s creative industries will be “absolutely central” to the UK’s Brexit future, the new minister for Digital and Culture, Matt Hancock, said on Friday. In his first major speech to…

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Breach grows between Israel and the US
As a rift between two longstanding allies widens, Israeli leaders said that they would not be deterred by President Biden’s threat to withhold arms shipments if the military launched a full-scale invasion of Rafah, where about a million Palestinians are sheltering. An Israeli military spokesman said his nation had enough munitions on hand to proceed with its plans. High-level talks in Cairo aimed at reaching a cease-fire and a hostage deal were put on hold, according to officials, who said that anger had flared among participants over Israel’s seizure of the Rafah border crossing. Mid-level Egyptian, Qatari and US officials remained in Cairo, but the Hamas and Israeli delegations both left yesterday, Hamas and Israeli officials said. PM Benjamin Netanyahu of Israel faces a bind, as he is increasingly caught between international calls for a cease-fire and right-wing Israeli demands to proceed with the invasion. New York Times, May 10

Ukraine struck deep in Russia
Ukraine struck two oil depots and a refinery across Russia in a 24-hour period, including one more than 700 miles (over 1,100 kilometres) from the border, officials on both sides said yesterday, as Kyiv works to weaken Russia’s military and its energy industry. The strikes follow about 20 similar attacks since the beginning of the year. Military analysts say Kyiv hopes to disrupt Russia’s military logistics by targeting the facilities that supply fuel for its tanks, ships and planes, and to undermine Russia’s energy industry, which is central to its economy. An energy expert in Belgium said the strikes had taken more than 10 per cent of Russia’s oil-refining capacity off line, temporarily reducing its ability to turn its crude oil into products like gasoline and diesel. New York Times, May 10

Stormy Daniels stands her ground despite attacks from Trump lawyer at hush-money trial
Donald Trump's defense attorney and Stormy Daniels went head to head on Thursday during cross-examination of the porn star’s blistering testimony, the line of questioning occasionally meandering into the bizarre and even earning a critique afterward from the judge. Under examination that frequently veered hostile, Daniels was quick on her feet, toeing a tight line between tenacity and vulnerability as jurors watched the defense deride her career and assail her credibility. She clapped back for hours during the most intense testimony yet in the criminal trial, which centres on whether a $130,000 hush money payment to Daniels was fraudulently covered up with the intent of influencing the 2016 presidential election. Trump lawyer Susan Necheles insisted repeatedly through her questioning that Daniels, 45, had fabricated her story of a one-off sexual encounter with Trump. “You made all this up, right?” the counsel asked at one point, prompting Daniels to respond with an emphatic “No”. France 24, May 10

Argentines strike against spending cuts under Javier Milei
A general strike against public spending cuts has affected most of Argentina, where schools, banks and many shops remained closed. Train and metro services were suspended on Thursday, with a limited bus service running. One of the main union leaders, Hector Daher, said the 24-hour strike was a wake-up call to President Javier Milei. Mr Daher urged him to review some of the cuts to subsidies and social programmes. Mr Milei, a right-wing economist, has begun implementing comprehensive austerity measures since coming into power in December. He says his measures are necessary to reduce Argentina’s public deficit and control the country’s inflation rate, which is the highest in the world at nearly 300 per cent a year. The president criticised the strike, saying his government had already made many concessions to the unions. BBC news, May 10

UK exits recession with 0.6% first-quarter growth
The UK economy has exited last year’s technical recession with faster than expected growth of 0.6 per cent for the first quarter, providing welcome economic news for Rishi Sunak ahead of the general election. The quarter-on-quarter growth figure was the fastest since 2021 and boosted by car manufacturing and broad-based growth in services. It beat the 0.4 per cent forecast by the Bank of England and economists polled by Reuters. The GDP numbers released by the Office for National Statistics on Friday marked the UK’s formal recovery from the shallow recession of the second half of 2023, when output slightly fell for two consecutive quarters, reflecting the impact of high borrowing costs and prices. The news was a boost for Sunak, who has made economic growth a signature pledge. The prime minister’s Conservatives trail Labour by roughly 20 points in opinion polls. Financial Times, May 10

Starmer to rip up Rwanda scheme and fund new anti-smuggling unit
Labour leader Keir Starmer will promise to rip up the government’s Rwanda scheme and divert £75m to fund hundreds of new specialist officers to tackle people-smuggling with new counter-terror powers. At a speech on Friday in Dover - the home of Natalie Elphicke, who defected to Labour this week after criticising Tory failures on border security - Starmer will call the government’s plan “an insult to anyone’s intelligence” and say “the gangs that run this sick trade are not easily fooled”. He will pledge to divert funding from the Rwanda scheme - estimated to cost £541m over five years - to create a new border security command of specialist enforcement officers and investigators. The Guardian, May 9

Dominic Cummings plans new party to ‘replace the Tories’
Dominic Cummings has unveiled plans for a new political party which he claims will replace the Conservatives. Boris Johnson’s former chief adviser said the Start-Up Party would attract supporters amid dire polling for the Conservatives before the next general election. In his first interview since leaving Downing Street in 2020, Cummings, 52, told the i newspaper: “The Tories now obviously represent nothing except a continuation of the sh** show; higher taxes, worse violent crime, more debt, anti-entrepreneurs, public services failing, immigration out of control. But Labour I think will not alter the ultimate trajectory very much, they’ll be continuity Treasury, continuity David Cameron, George Osborne, Rishi Sunak, so everything will keep failing and everyone will be even more miserable by 2026 than they are now. If Nigel Farage un-retires, the Tories could easily be driven down to double-digit seats and then discussions of a Start-Up Party and replacing them will go from a very fringe idea to being a very mainstream idea,” he said. The Times, May 9