Liz Truss has u-turned on her plans to scrap the rise in corporation tax, in the controversial “mini-budget”, after she sacked Kwasi Kwarteng. Since the mini-budget was announced two weeks ago, the cost of government borrowing has soared plummeting the value of the Pound Sterling. Liz Truss told the Downing Street press conference on Friday…
Jamie Flore Higgins, one of the few women at the highest ranks of Goldman Sachs, spurred on by the obligation to her working-class immigrant family, rose through the ranks and saw it all: out-of-control, lavish parties flowing with never-ending drinks, affairs flouted in the office, rampant drug abuse, and most pervasively, a discriminatory culture…
The Bank of England’s (BoE) Monetary Policy Committee has announced interest rates are rising from 1.25 per cent to 1.75 per cent. Interest rates have crossed the highest level since December 2008 after the biggest single rise since 1995, favoured by eight of the nine members of the BoE’s Monetary Policy Committee who voted…
An investigation of how the Nazis helped German tycoons make billions from the horrors of the Third Reich and World War II and how the world allowed them to get away with it. When Porsche makes its planned public debut later this year, the descendants of the sports car manufacturer’s eponymous founder an SS…
Inflation is here to stay, with rising prices and a “cost of living crisis” at the top of the economic, political, and social agenda. The central banks and monetary policy have again come under the spotlight. While the issues change, the debate over how monetary and financial stability can best be sustained abides, Twenty-First Century…
What happens when there is a recession and an impeding cost of living crisis amid the Ukraine war, the wealthy buyers sought to take shield themselves from economic turmoil by investing in traditional bricks and mortar in Chelsea, Belgravia, Kensington, St John’s Wood, Mayfair, and Knightsbridge, instead of investment in equities or bonds. The sellers…
Private equity was once an investment niche, but today the wealth controlled by its leading firms surpasses the GDP of some nations. Private equity has overtaken investment banking- and well-known names like Goldman Sachs and Morgan Stanley as the premier destination for ambitious financial talent, as well as the investment dollars of some of the…
n Musk is seeking to end his $44bn (£36bn) bid to buy Twitter, alleging multiple breaches of the agreement. Mr. Musk said he backed out because Twitter failed to provide enough information on the number of spam and fake accounts. Twitter says it plans to pursue legal action to enforce the agreement. Twitter chairman Bret…
Paying in cash, like using a payphone or typewriter, is often sniffed in our cashless society, as your pound and penny coins, and notes are treated as inconvenient and dirty products of the past, and wonder who gets left behind? Are we seeing the end of true privacy as the cashless future take-over? You could pay…
Caroline Knowles delves into London’s plutocrat’s paradise with more resident billionaires than New York, Hong Kong, or Moscow. Far from trickling down, their wealth is burning up the environment and swallowing up the city. Knowles walks the streets of London from the City to suburban Surrey Via Kensington, Notting Hill, Mayfair, and elsewhere. Her walks…