US technology giant Apple has broken records once again, this time posting the biggest every quarterly profit of any public company worldwide. The company posted quarterly revenue of $74.6 billion (€65.8 billion) and record quarterly net profit of $18 billion (€15.8 billion) for its fiscal 2015 first quarter ended December 27, 2014. The results present […]
Investors can expect “Greek-led volatility” for six months according global independent financial advisory organisations. Greece elected anti-austerity party Syriza in its general election at the weekend. Syriza has formed a coalition government with the rightwing anti-bailout Independent Greeks. “Investors can expect Greek-led market volatility for at least six months until a Syriza-led government is better […]
Further change is on the cards for Europe, following the win by the Syriza party in the Greek national elections. The left-wing party has always pledged to end the country’s austerity programme, yet has announced its desire to remain in the Euro. Syriza may have emerged as the largest party in Greek elections yesterday, but […]
The erosion of public trust in big business has changed the landscape for finance leaders, according to Gregor Alexander, Finance Director for British energy company SSE. “Once there used to be a trade-off between making money in the short term or being a long-term force for good,” he said. “But now public expectations have rightly […]
Germany’s Chancellor, Angela Merkel, called for urgent fiscal reform in Europe at a special session at yesterday’s World Economic Forum Annual Meeting. Whatever the decision of the European Central Bank (ECB) on quantitative easing, she said that European leaders must not be diverted from continuing with meaningful structural reforms. “Time is of the essence,” she […]
Ministers, industrialists and academics from the BRICS countries delivered a strong message of long-term potential economic growth for their countries at a panel session at yesterday’s World Economic Forum, in Davos, Switzerland. The message was clear – BRICS nations are ripe for investment, and will continue to be provided their governments successfully implement planned structural […]
Europe needs quantitative easing but that monetary policy alone will not restore growth and jobs to the region, that’s according to a panel debate of business leaders and policy-makers, held at the World Economic Forum in Davos, Switzerland, yesterday. “We’re all for quantitative easing in Europe, but it’s not enough,” said Lawrence H. Summers, Charles […]
This afternoon, Mario Draghi, President of the European Central Bank (ECB) announced the much awaited outcome of the Governing Council’s meeting on quantitative easing (QE) for the Eurozone economy. First, the ECB is to launch an expanded asset purchase programme, encompassing the existing purchase programmes for asset-backed securities and covered bonds. The expanded programme will […]
President Obama delivered a defiant and upbeat State of the Union Address earlier this week, claiming that 2014 had been a ‘breakthrough year for America’. “Our economy is growing and creating jobs at the fastest pace since 1999. Our unemployment rate is now lower than it was before the financial crisis. More of our kids […]
President Petro Poroshenko of Ukraine told participants at the World Economic Forum Annual Meeting that despite the aggression his country faces, Ukraine is strong and unified. “Ukraine has become stronger. Ukraine has become more democratic. And Ukraine has become more European,” he said. In a special session on The Future of Ukraine, held yesterday at […]
Today’s global context is one of uncertainty, said Simonetta Sommaruga, President of the Swiss Confederation and Minister of Justice and Police, talking at the World Economic Forum Annual Meeting in Davos, Switzerland, yesterday. “Overall, globalisation has led to greater prosperity and reduced poverty, but that is not the case everywhere,” she said. “It would be […]
China’s economy will not suffer a hard landing even as it braces itself for a further slowdown this year, Li Keqiang, Premier of the People’s Republic of China, told delegates at the World Economic Forum in Davos, Switzerland, yesterday. “The Chinese economy will face downward pressures in 2015,” Li said in a keynote speech at […]
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