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Europe’s Leaders Call for More Europe, Not Less, Urge UK not to Exit

25th January 2016
Senior leaders from France, Germany, Greece and the Netherlands reiterated their countries’ commitment to the European Union, and pledged to do everything to reach a compromise with the United Kingdom that would keep it as a full member. “What we need is more of Europe, rather than less of Europe,” Manuel Valls, Prime Minister of […]
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China’s Economy: Transitioning not Derailing according to WEF

25th January 2016
The World Economic Forum's meeting in Davos has now come to a close, and China was of course a hot topic. Analysts meeting in Switzerland believe that the recent short-term market volatility will prove temporary, and that China’s economy is undergoing wrenching adjustments as it liberalises and becomes consumer-led. China is going through a series of […]
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Asian stock markets still struggling

22nd January 2016
Due to falling oil prices and the slow growth in China, stock markets in Asia have suffered further losses after billions of dollars have been wiped of the value of shares following another day of global turmoil. Asian markets failed to hold onto the slight gains they made in early trading, and Japan's Nikkei index […]
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Japanese shares hit one-year low after falls in the US

22nd January 2016
Monday 18th saw Japanese shares hit a one-year low following following big falls in the US and as oil prices dropped below $28 a barrel for the first time since 2003. The benchmark Nikkei 225 closed down 1.1% at 16,955.57. The Australian economy also reacted to falling oil prices. The benchmark S&P/ASX 200 closed down […]
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Oil price drops below $28 a barrel

21st January 2016
The oil price has fallen as low as $27.67- the first time it is below $28 since 2003, while the existing oversupply problem is expected to be worsened by the lifted Western sanctions on Iran. It is predicted that the lifting of the Iran sanctions could result in the production of half a million barrels […]
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46th Annual Meeting of the World Economic Forum to Focus on Fourth Industrial Revolution

21st January 2016
Over 40 heads of state and government, as well as 2,500 leaders from business and society will convene at the 46th World Economic Forum Annual Meeting, from 20 to 23 January in Davos-Klosters, Switzerland, under the theme of Mastering the Fourth Industrial Revolution. Critical current challenges, such as security, climate change and “new normal” global growth […]
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World Economic Forum Opens Its Doors to the Public at 14th “Open Forum”

20th January 2016
The Open Forum Davos 2016, which runs in parallel to the World Economic Forum Annual Meeting 2016, is organising a series of panel discussions from 20-22 January, open to the public. Panellists include Nobel Laureate Joseph Stiglitz, heads of state or government of five countries, chief executives of multinational corporations and other global leadersTopics include […]
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BT secures major cloud services contracts with the EU

20th January 2016
BT has announced two new contracts with the European Commission[1] to deliver public and private cloud services across 52 major European institutions, agencies and bodies - including the European Parliament, the European Council and the European Defence Agency. Both framework contracts - awarded last December - run for up to four years with a combined worth […]
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Sanctions relief paves the way for developing UK trade relationship with Iran

19th January 2016
Implementation Day has been triggered following the verification by the International Atomic Energy Agency of Iran meeting its requirements as part of a comprehensive agreement on Iran’s nuclear programme. This has resulted in the termination of EU nuclear related financial and economic sanctions, and the suspension of US nuclear related secondary financial and economic sanctions. As […]
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Wesfarmers to acquire UK retailer Homebase for £340 million

19th January 2016
Wesfarmers Limited (ASX: WES) (Wesfarmers) confirms it has made a conditional offer to acquire Homebase from Home Retail Group plc (LSE: HOME) for cash consideration of £340 million (A$699 million).Wesfarmers and Home Retail Group began discussions in September 2015 and due diligence work commenced under a confidentiality agreement in October 2015. An exclusivity agreement was […]
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National Australia Bank values UK unit Clydesdale at up to £2 billion

18th January 2016
Jan 18 (Reuters) - National Australia Bank Ltd , the country's biggest lender by assets, has valued its UK unit, Clydesdale Bank Plc, at up to A$4.3 billion ($3 billion), according to IPO pricing terms. The indicative pricing range was quite wide at 175-235 pence per share or a A$3.2 billion valuation for the unit […]
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Virtual reality gear forecast to hit record billion-dollar mark this year, according to Deloitte Global 2016 TMT Predictions

18th January 2016
Deloitte Touche Tohmatsu Limited (Deloitte Global) predicts that virtual reality (VR) will have its first billion dollar year in 2016, with about US$700 million in hardware sales, and the remainder from content. The 15thedition of Technology, Media & Telecommunications (TMT) Predictions, a report by Deloitte Global, estimates sales of about 2.5 million VR headsets and […]
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