List of everyone attending the 2017 Bilderberg meeting
Businessam Staff
June 1, 2017
Politicians, media bosses, academics and chief executives are descending on the Chantilly in Fairfax County Virginia to discuss some of the world’s hottest topics at the annual Bilderberg Meeting. Founded back in 1954, the group is designed to foster dialogue between Europe and North America. In 2017 there are a number of hot topics set […]
FCA asks some of the UK’s biggest asset managers for their Brexit contingency plans
Businessam StaffJune 1, 2017
Regulators at the Financial Conduct Authority (FCA) have written to some of Britain’s biggest asset managers asking about their Brexit plans. As many as 20 of the biggest international asset managers and custody banks have received the requests as part of the FCA’s information-gathering. The FCA wants to know how firms are planning ahead of […]
Brexit: UK firms can’t get single market access by setting up ‘letterbox’ entities in EU, regulators warn
Businessam StaffJune 1, 2017
City firms currently based in the UK can’t simply set up ‘letterbox’ entities within the EU to dodge the effects of Brexit, EU regulators said today. The European Securities and Markets Authority (ESMA) highlighted the potential risks of such companies popping up in the EU, where key operations are delegated to parents in London, and […]
Germany a large investor, employer in US economy
Businessam StaffMay 31, 2017
A brewing diplomatic crisis between the United States and Germany has its roots in President Donald Trump’s frequent criticism of the large US trade deficit with the European economic powerhouse. Here are some key facts about the economic relationship between the two countries: Trade deficit The US trade deficit in goods and services with Germany […]
Ryanair set to turn away from UK as Brexit looms
Businessam StaffMay 30, 2017
Ryanair has said this morning that a hard Brexit will significantly disrupt flights between the UK and the EU and that it plans to move its focus elsewhere as it grows its business over the next two years. The figures For the year to the end of March, Ryanair’s profits after tax rose six per […]
EU businesses want Britain in their patents union
Businessam StaffMay 30, 2017
Britain should join the EU’s patents union and stay in after Brexit, businesses on both sides of the Channel have demanded, arguing that the Unitary Patent system is helpful regardless of Britain’s status in or out of the EU. The UK has pushed hard for the system over the years, welcoming a way to slash […]
Greece, Italy uncertainties dent euro, Asian stocks, lift yen
Businessam StaffMay 30, 2017
Concerns about situations involving Greece, Italy and the European Central Bank kept the euro under pressure on Tuesday. European geopolitical fears sapped risk appetite, weighing on Asian stocks and lifting safe havens including the yen and gold, though trading was thin with several markets closed for holidays. For Tuesday, European stock markets were set for […]
Multinationals fobbing us off with inferior food, says Bulgarian minister
Businessam StaffMay 30, 2017
Bulgaria has become the latest eastern European state to accuse multinationals of selling food of a lower quality in their country than in the west, and has launched a pan-European taste-test to prove its case. The country’s minister for agriculture, food and forestry, Rumen Porozhanov, said experts had been sent to buy well-known food and […]
Israel appoints new minister to oversee telecom reforms
Businessam StaffMay 28, 2017
Israeli Prime Minister Benjamin Netanyahu appointed on Sunday Ayoob Kara, a minister in his Likud party, as communications minister, who will oversee Israel’s telecom market as it undergoes significant reforms. Netanyahu himself held the post until he relinquished it in February amid allegations he had negotiated a deal with a newspaper owner for good press […]
UK lags behind major competitors on infrastructure as projects have been “plagued by long delays”,
Businessam StaffMay 26, 2017
The UK is falling behind its major competitors when it comes to the quality of its infrastructure assets, according to a new briefing from the National Institute of Economic and Social Research (Niesr). The latest World Economic Forum report ranked the UK 24th out of 138 countries in the world on the perceived quality of […]