LSBF Blog - Global Matters
US president Barack Obama and Indian PM Narendra Modi have come together for talks in the White House this week in a bid to strengthen strategic ties.
India and the US see each other as strategically important – one is among the world’s emerging economic powerhouses, the other has the planet’s largest economy.
So when the leaders of the two countries finally met in person to begin a series of talks this week, it was clear Barack Obama and Narendra Modi would be focusing on strengthening the relationship between their nations.Read more >>
Skills gaps are getting wider and wider in important sectors as employment rises, according to a new report.
Employment is rising quickly in the UK, and graduate employment in particular is performing well. However, many of the industries that are crucial to a balanced and high-performing economy are still struggling to find candidates with skills that they need – and are likely to reward those who can fill the void.Read more >>
British Telecoms will use all the energy from a new solar farm to operate its research campus.
More and more big companies are demonstrating their commitment to sustainability by adopting green energy policies and actively seeking out opportunities to move to greener ways of working. British Telecom (BT) has just said it plans to use green energy to power its huge research campus in Suffolk.Read more >>
An IMF expert has said that sustainable growth in China would be worth a slower rate of expansion.
Concern has emerged in global markets about a potential slowdown in China, and what easing demand in one of the world’s biggest economies could mean for the rest of the world. But according to the International Monetary Fund (IMF), slower growth would be worthwhile to ensure that Chinese expansion is sustainable.Read more >>
France is hoping that German support will help it implement economic reforms.
Europe has faced its economic struggles since the financial crisis, and France has become seen as one of the weaker links in the eurozone chain. But its government is working hard to implement economic reforms and to do that, it’s looking to Germany for support.Read more >>
Lloyds Banking Group has continued to sell off its stake in TSB with a further divestment of 11.5 per cent.
Lloyds Banking Group has been edging closer and closer to washing its hands of challenger bank TSB for months. Today (26 September) it has emerged it has raised another £161 million from selling off a further 11.5 per cent stake in the promising lender.
It’s clear that Lloyds has wasted no time in bringing the latest sale to market, having promised it would not sell any more shares until this week.Read more >>
Graduate career prospects are improving further, after figures showed graduate unemployment is falling even further.
Graduates know they have an advantage in the labour market, but since the financial crisis employment prospects have taken something of a knock. This year has seen plenty of improvement, however, and new data shows that unemployment among UK graduates is falling at a record pace.Read more >>
Report released by Barclays claims that a huge rise in e-commerce over the next few years is expected in the UK.
E-commerce is already a growing and promising sector of the economy in the UK, but it seems there are even better times to come for online retailers. According to a new report from Barclays, there’s a boom coming in the e-commerce sector.Read more >>
Sir Richard Branson says Virgin will stop tracking annual leave for some employees as new working practices look to boost productivity.
It’s a well-established fact that the way we live and work is changing. New technology is making it easier to build greater flexibility and freedom into the working day, and a new generation of millennial workers is prioritising a good work-life balance. Businesses, too, are beginning to understand the benefits that a new approach to work could bring.Read more >>
India is launching a new campaign to encourage investment in the nation’s manufacturing sector.
India has been struggling to keep pace with growth in the economies of many of its rivals. With a current account deficit, high inflation and weak factory output, it is now considering a raft of new measures to increase foreign direct investment and get the country growing fast once more.
This week, the government will officially announce a new programme aimed at luring global industry into India’s manufacturing sector.Read more >>
John D. Rockefeller’s heirs are pulling their money out of fossil fuel investments and going green.
John D. Rockefeller’s name has passed into legend. Synonymous with his massive oil wealth, he has become an almost mythical figure in the history of the US. So it’s all the more significant and symbolic that his heirs are going green.Read more >>
A report from KPMG has highlighted the importance of corporate social responsibility in adding and maintaining business value.
Businesses have often been tempted to see corporate social responsibility as little more than a public relations stunt. Intended to win over the public, activities that are aimed at adding value to communities rather than directly benefiting the companies themselves can all too easily be treated like vanity projects.
But as a recent KPMG report found, businesses need a better understanding of how they contribute to society at large in order to create corporate value of their own. So how are firm’s corporate and societal value linked?Read more >>
Dubai International Finance Centre will be issuing Islamic sukuk bonds worth $700 million next month, it has announced.
Dubai has become more and more important as a financial hub for the Gulf region. A growing number of companies are choosing to set up there and its reach is becoming increasingly global. With the announcement of a large-scale new sukuk next month, it is consolidating its position in the Islamic finance category.
Governor and executive chairman Essa Kazim of the Dubai International Finance Centre (DIFC) announced the move last weekend, on 21 September, at the same time as the finance hub’s half-year operating review.Read more >>
Alibaba finally posted the world’s biggest initial public offering (IPO) this week after a lengthy build-up.
It’s been a long road to get there, but after months and months of build-up, Chinese e-commerce giant Alibaba finally floated on the stock market last Friday, 19 September.
Everyone who had been watching the deal had expected it to be huge, and there was talk of a record-breaker long before Alibaba had even confirmed it would list on the New York Stock Exchange. They weren’t disappointed.Read more >>
A group of business leaders have called for a higher minimum wage, and unions have welcomed the news.
The UK introduced the National Minimum Wage as a means of protecting low-paid workers and ensuring a basic minimum income for the nation’s employees. Not every business supported the move when it was first introduced, amid concerns that it would drive up operating costs and damage the fortunes of the company – but as it has become entrenched in the labour market, it’s hard to imagine Britain without it.Read more >>
Africa has seen its population grow, making it even more attractive as a market for businesses.
In recent years Africa has seen an explosion in growth in some of its major economies. Although it remains one of the poorest regions in the world, a growing population and economic development mean it is a very promising market for businesses planning to grow internationally.
Data from the Population Research Bureau shows that by 2050, Africa will see its population more than doublefrom 1.1 billion to 2.4 billion people. Nigeria alone will see its population rocket from 174 million to 440 million people. That will mean a large, young and sophisticated audience with a higher demand for a whole range of goods and services, not to mention a large workforce. Improved access to healthcare and medical advances are thought to have been the driving forces.Read more >>
The US will end its quantitative easing programme next month, but it is not yet clear when interest rates will rise.
US monetary policy has been decidedly loose since the financial crisis. The Federal Reserve has been buying bonds for the past six years and interest rates have remained low over that same period. With more than $4 trillion Treasury and mortgage bonds reportedly purchased by the Fed since 2008, it is finally due to end its asset purchase programme next month.Read more >>
Businesses and investors have reacted with confidence to Scotland’s decision to stay as part of the UK.
Scotland’s decision to remain part of the United Kingdom marked a watershed moment in the nation’s political life. But it also sent ripples throughout the business and finance landscape, as the world reacted to a vote that ended months of uncertainty. That relief has been reflected in an influx of votes of confidence in the Union this morning, although in some respects the markets are already calming down again.Read more >>
Malaysia’s economy is the fastest-growing in its region, credit ratings agency Moody’s has said.
Malaysia has been seen as one of Asia’s highest-potential markets for some time, and its efforts to boost its economic prospects have largely borne fruit. Yesterday, credit ratings agency Moody’s Investors Service said that despite fiscal consolidation acting as a drag on growth, the nation is still performing strongly. In fact, it’s doing better than any other economy in the region, with real gross domestic product (GDP) having grown by 6.3 per cent year-on-year in the first half of 2014.
With a rate of growth that outstrips all the major countries in Asia-Pacific except China, Malaysia is clearly taking positive steps to boost its economy.Read more >>
Norway and Finland are about to become the next countries to open M&S outlets.
Marks and Spencer (M&S) has been one of the UK’s most recognisable brands for decades, and it is using that legacy to fuel expansion into new markets overseas. The classic British retailer is about to launch into another promising European market as is plans to open stores in the Nordic countries.
On top of its 160 outlets in Europe, the company is pushing towards its target of having 250 overseas stores by 2016 by setting up 15 new stores in Norway and Finland as part of a franchise agreement. A flagship clothing and food shop in Helsinki will open next month, followed by its counterpart in Oslo in November.Read more >>
Unemployment in the UK has fallen once again, according to new ONS figures, with 146,000 more finding jobs in the three months to July this year.
By now it’s almost dull to hear more positive news about the labour market, but the UK’s economic recovery is showing no signs of slowing down if employment is anything to go by.Read more >>
E-commerce giant Alibaba’s share price has been increased to $66-68 ahead of its highly anticipated IPO.
Chinese e-commerce giant Alibaba has been one of the dominant forces in online trading for years, so it’s no surprise that its upcoming initial public offering (IPO) in New York is among the most hotly anticipated flotations this year. That excitement is rising even further now that the firm has upped the price range of its shares ahead of the IPO.Read more >>
Google is taking smartphones to the masses in emerging markets like India with the new Android One device.
Google has been onto a winner with its Android operating system in the past few years. It’s the biggest rival to Apple’s iOS and used on a wide range of devices by different manufacturers, and it’s associated with lower costs than rivals running Apple’s software. So perhaps it isn’t surprising that Google is using Android to gain a foothold in emerging markets.Read more >>
Revenues are up five percent to £2.814 billion at PricewaterhouseCoopers as clients become more optimistic about the economic outlook.
Most recent data has pointed to a marked upturn in the UK’s economic fortunes as the business world looks forward to better trading conditions in the next few months and years. It makes sense that one of the touchstones of this success would be the professional services sector – after all, improvements in other sectors will have knock-on effects for the firms that provide services to them.
This became apparent at PricewaterhouseCoopers (PwC) yesterday, 15 September, as the company announcedthat revenues have risen on the back of encouraging improvements in client confidence.Read more >>
Occupancy rates in the Square Mile are rebounding as firms look back to London as a finance hub.
London’s position as a finance hub has never really been in doubt. But in the midst of the financial crisis, a number of companies began to look elsewhere in favour of more affordable, and perhaps more competitive, locations.
It seems the capital is recovering from the effects of that shift, with a new report showing that companies are moving back to the City.Read more >>