Leonardo Maugeri of Harvard University, who in 2012 predicted a glut in oil supplies and a steep fall in prices, has warned that there is again a prospect that the market is heading for “a substantial fall”. Strong growth in global supply, he argues in a new paper, is outpacing the increase in demand, in spite of the production cuts agreed by Opec and 11 non-Opec countries […]
FEC Vice Chairwoman Caroline Hunter, a Republican, concurred: “If Congress wants to hear from us, we’ll do whatever it takes to prepare, and we’ll be happy to answer their questions.” Walther might, however, have a few questions of his own for Congress, which has all but ignored an annual legislative wish list the FEC’s commissioners send members. Walther says he’s particularly interested in senators justifying their failure […]
EDINBURGH Scottish First Minister Nicola Sturgeon has demanded a new independence referendum be held in late 2018 or early 2019, once the terms of Britain’s exit from the European Union have become clearer. To do so, she needs authorisation from Britain’s parliament, which is sovereign. The Brexit referendum last June called the future of the United Kingdom into question because majorities in England and Wales voted to […]
Nicola Sturgeon has called for a second Scottish independence referendum to be held by spring 2019, throwing the constitutional future of the UK into question just as it begins the process of leaving the EU. In a speech at her official residence in Edinburgh, the first minister accused Theresa May of having “not moved an inch” in response to calls for a special deal on Brexit for […]
In preparation for Disrupt New York in May I’m going to hold a few pitching workshops in New York for you all. We’ll listen to and critique 8 pitches on March 13th at 7pm at the Knotel space at 22 West 38th Street, 4th Floor. This is an informal pitch-off, but the two best teams will get two tickets to Disrupt New York and the undying admiration […]
In textbook fashion, the Federal Reserve has prepared traders and investors for a 25 basis points increase in policy interest rates this week. When it comes to lasting effects on markets, however, the Fed is likely to deliver more than the third rise in 10 years. It will also signal an important evolution in its policy approach aiming for a beautiful rate normalisation. Facing an implied probability […]
Investors are primed for a more aggressive policy stance from the Federal Reserve, setting the stage for an escalation in the selling of Treasury bonds. With the US central bank expected to raise its overnight interest rate by a quarter-point on Wednesday, scrutiny will focus on Fed chair Janet Yellen’s press conference and policymakers’ projections for official interest rates over the coming years, known as the dot […]
Picture yourself in this scene: You’re a manager about to share with a staffer your concerns about a piece of work they’ve given you. Maybe it’s a report, a proposal, a visual project. You want to make sure the staffer hears your concerns as constructively as possible. What do you do? “I always start by saying something I like about the work,” a manager once told me. […]
March 13, 2017 by: Hudson Lockett in Hong Kong and Michael Hunter in London Monday 07:15 GMT What you need to know US West Texas Intermediate crude is at $48.33 a barrel, having fallen under $48 for the first time in more than three months. The pound is holding above $1.22 as speculation mounts that the UK government is poised to trigger Article 50 of the Lisbon […]
March 13, 2017 by: Lucy Hornby and Archie Zhang in Beijing and Jane Pong in Hong Kong Sceptics about China’s economic statistics have taken a special pleasure in revelations of faked data in the north-eastern province of Liaoning dating at least to 2011. Along with an officially reported contraction in its economy last year, they have given the impression that Liaoning’s economy is unusually troubled. That impression may be […]
DUBAI // The Government will continue to be open and transparent with its people and residents, Deputy Prime Minister Sheikh Saif bin Zayed says. Sheikh Saif, also Minister of Interior, made a closing address to the Public Diplomacy and Government Communication Forum about the importance of effective communication between the governments and citizens. Sheikh Saif said the fire that gutted The Address Hotel in Downtown Dubai on […]
Now that a little of the hype has disappeared from the release by WikiLeaks of allegedly more than 8,000 internal CIA documents, and the sorts of hacking the American spy agency was up to, what has changed in the world of security? Unlike the Snowden documents, which fundamentally shook the world of many people with and without an interest in the world of cybers, this cache offers […]
PARIS France urged Turkey and several EU member states to calm tensions and said there had been no reason to prohibit a meeting on its soil on Sunday between Ankara’s foreign minister and a local Turkish association. Turkish Foreign Minister Mevlut Cavusoglu addressed a public meeting in eastern France on Sunday a day after the Netherlands barred his plane from landing in a row over Ankara’s political […]
Recep Tayyip Erdogan, Turkey’s president, on Sunday accused the Dutch government of behaving like Nazis, capping a weekend of high drama that began when the Netherlands refused to let his foreign minister’s plane land for a rally in the Turkish referendum campaign. The dispute between the two Nato members reverberated across Europe after Denmark waded into the debate by cancelling a meeting between Lars Lokke Rasmussen, its […]
BERLIN Germany’s interior minister said on Sunday there were “clear limits” if Turkish ministers want to campaign among immigrants in Germany, striking a tougher tone than the previous line from Berlin as a row between Ankara and EU states escalates. Thomas de Maiziere told broadcaster ARD he did not support ministers campaigning in Germany. “You have to carefully consider whether one imposes a ban on entry. But […]
Chinese leasing companies have taken ownership of hundreds of vessels in deals worth tens of billions of dollars in the latest sign of the industry’s rapid transformation amid a long-running financial crisis. The deals made by Chinese companies, including the leasing businesses of ICBC, China Minsheng Bank and Bank of Communications, have provided badly-needed financing for shipowners as miserable trading conditions dominate most shipping sectors. Although there […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on the European Central Bank strategy, green investment and the future of India’s economy. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Olivier Garnier, a group chief economist at Société Générale, looks at the European Central Bank’s exit strategy from ultra-loose monetary […]
European leaders are preparing for Britain to begin Brexit imminently, amid signs that Theresa May could activate Article 50 divorce proceedings as early as Tuesday. During a summit of the remaining 27 EU members in Brussels on Friday, leaders were told to expect London to trigger exit talks next week and to prepare for a Brussels gathering on April 6 to respond to Britain’s formal letter of […]
Even the best writers struggle from time to time in crafting their work. This can be especially tricky for bloggers, who want to produce a steady flow of content for their audience. Not to worry. Every writer faces this dilemma. Here are some strategies to kick-start your work. Try the Hemingway Trick for Early Productivity Ernest Hemingway concluded his writing for the day right as he was […]
Publications have been wildly awash with numerous reports this week of the U.S. Central Intelligence Agency’s hacking efforts to spy on American citizens through the use of different tools outlined in WikiLeaks’s document dump, causing a widespread maelstrom in the embattled narrative of data security. No, The CIA Can’t Crack Your Encrypted Messages While the hacking tools were legitimate worries themselves, no less worrying was the assertion that the […]
The Trump administration on Friday asked all remaining US attorneys appointed by Barack Obama to tender their resignations, including Preet Bharara, the top prosecutor in Manhattan. Dana Boente, acting deputy attorney-general, phoned the 46 US attorneys appointed by the previous administration and asked them to step down. The order from attorney-general Jeff Sessions came as a surprise to many in the Department of Justice. In November Mr […]
Hedge funds run by women have outperformed a broader benchmark of alternative investment managers over the past five years, raising fresh questions about why there are so few female portfolio managers. The HFRI Women index has returned 4.4 per cent over the past five years, compared with a 4.2 per cent return for the HFRI Fund Weighted Composite index, a broader gauge of hedge funds across all […]
Indian Prime Minister Narendra Modi has led his Bharatiya Janata Party to a landslide victory in state elections in the bellwether state of Uttar Pradesh, an affirmation of his enduring popularity midway through his term. The Hindu nationalist BJP won 324 of 403 state assembly seats in India’s most populous state, a magnitude of victory not seen in state polls there since 1980. The decisive mandate in a […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. British reporter Iona Craig went to the al Ghayil, the Yemeni town stormed by Navy SEALs in the raid that President Trump says was a great success even as it claimed the life of the operator whose widow was honored […]
