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....Bezos leapfrogged Gates, who has been the richest man on the planet since 2013, after a rise in the share price of Amazon ahead of its latest results due Thursday night. According to a real-time billionaires index compiled by Forbes, the rise pushed the value of Bezos’s fortune to $91bn (£69bn) – compared with Gates’ wealth of $90bn. ... [Read full article on Guardian ]
Thursday 27th of July 2017 04:20:59 PM
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.... Chandan says car batteries can still have up to 70% of their capacity when they stop being good enough to power electric vehicles, making them perfect – when broken down, tested and re-packaged – for functions such as home energy storage. Fresh from recognition by Forbes as one of the 30 most exciting hi-tech startups in Europe, Aceleron is looking for investors to help it roll out pilot projects. ... [Read full article on Guardian ]
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....City analysts said they expected Sir David, who advised Hammond and former chancellor George Osborne on the government’s austerity programme, to vote with the bank’s governor Mark Carney and the majority of the MPC to hold interest rates when he takes up his post on 4 September. With the appointment, Hammond has filled the last MPC vacancy after Hogg quit and external member Kristin Forbes left following a three-year term, although he has failed in his mission to improve the committee’s gender balance. ... [Read full article on Guardian ]
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Latest Finance News related to Forbes

The rise of electric cars could leave us with a big battery waste problem image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:15:27 AM
.... Chandan says car batteries can still have up to 70% of their capacity when they stop being good enough to power electric vehicles, making them perfect – when broken down, tested and re-packaged – for functions such as home energy storage. Fresh from recognition by Forbes as one of the 30 most exciting hi-tech startups in Europe, Aceleron is looking for investors to help it roll out pilot projects. ...
Chancellor appoints Sir David Ramsden to Bank of England deputy role image
Source : Guardian [Read Article] Thursday 27th of July 2017 05:28:15 PM
....City analysts said they expected Sir David, who advised Hammond and former chancellor George Osborne on the government’s austerity programme, to vote with the bank’s governor Mark Carney and the majority of the MPC to hold interest rates when he takes up his post on 4 September. With the appointment, Hammond has filled the last MPC vacancy after Hogg quit and external member Kristin Forbes left following a three-year term, although he has failed in his mission to improve the committee’s gender balance. ...
Amazon founder Jeff Bezos – briefly – becomes world's richest man image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:20:59 PM
....Bezos leapfrogged Gates, who has been the richest man on the planet since 2013, after a rise in the share price of Amazon ahead of its latest results due Thursday night. According to a real-time billionaires index compiled by Forbes, the rise pushed the value of Bezos’s fortune to $91bn (£69bn) – compared with Gates’ wealth of $90bn. ...
Key Bank of England policymaker 'not ready' for interest rate rise image
Source : Guardian [Read Article] Wednesday 12th of July 2017 05:45:21 PM
.... On Tuesday, he said in a speech that a reduction in trade between Britain and the EU would harm both economies and causes prices to rise. New MPC member Silvana Tenreyro, who replaced rate-increase advocate Kristin Forbes this month, has yet to speak on policy. ...
Paris's Colette – 'the trendiest store in the world' – set to close image
Source : Guardian [Read Article] Wednesday 12th of July 2017 01:19:11 PM
. Colette, the influential Parisian boutique described as “the trendiest store in the world” by Forbes, has announced it will close its doors in December. ...
UK interest rates aren't about to rise as real pay slides | Larry Elliott image
....At the last meeting of the MPC, five members voted to keep rates on hold. Of the three members who plumped for a rate rise, one, Kristin Forbes, has now left the committee. ...
Recruitment advisers' tax scheme liquidated after HMRC asks questions image
....The group added it does not believe it was connected to MyPSU or the mini companies, and said that public registers linking Anderson and other parties in the scheme were altered after the Guardian’s questions “served as a reminder for former clients to bring their records up to date”. Fynn, Forbes and Varon did not comment. ...
Prepare for interest rates rise: Inflation could mean hike, says Bank of England economist image
....After the outcome of the election and the start of Brexit talks, the Bank chief previously said now is not the time for rates to rise. Outgoing MPC member Kristin Forbes this month warned that failing to raise interest rates now, could mean steeper hikes further down the line. ...
Pound leaps as Carney says growth will be factor in interest rate debate image
Source : Guardian [Read Article] Wednesday 28th of June 2017 03:15:46 PM
....The three MPC members who voted for a rate rise believe the lowest unemployment rate since the 1970s will generate pressure for higher wages and that, unless policy is tightened now, there is the risk that a more aggressive stance will have to be announced later. One of the three – Kristin Forbes – is no longer an MPC member and has been replaced by Silvana Tenreyro, whose views on the necessity of a rate rise are unknown. ...
Former soldiers given free financial advice to help them adjust back into civilian life image
....He was helped to reintegrate into civilian society and now plans to seek advice on his family's personal finances. Managing director Alistair McKay Forbes revealed that many veterans have received substantial sums from the Armed Forces Compensation Scheme or insurance payouts. ...
Uber and the ‘brogrammers’ feel the consequences of changing the world image
.... The time for a rise was therefore imminent. Kristin Forbes, who is about to be replaced by London School of Economics academic Silvana Tenreyro, has long argued for higher rates as a way of arming the central bank for the next financial war. ...
Inflation needs to be checked with rate increase, says MPC member image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:01:21 PM
....A Bank of England policymaker has heaped further pressure on Mark Carney, the governor, with a warning that the central bank’s policymakers have failed to spot an inflationary spiral that needs to be choked off with an immediate increase in interest rates. In the same week that Andy Haldane, the chief economist, said he was considering voting for an increase in rates before the end of the year, Kristin Forbes, an outgoing member of the monetary policy committee, used her valedictory speech to say the governor and a majority of the other MPC rate-setters were wrong to believe inflation would peak soon and then retreat, allowing rates to stay low. ...
Uber CEO Travis Kalanick should have gone years ago | Nils Pratley image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:01:21 AM
.... He is staying on board in a capacity yet to be defined. Given the size of his shareholding and voting rights – Forbes has valued his wealth at $6bn – he can hardly be denied a position, and he doesn’t seem the type to sit quietly in the back making polite conversation. ...
Brexit critic joins Bank of England interest rate-setting committee image
Source : Guardian [Read Article] Monday 19th of June 2017 03:47:58 PM
....Silvana Tenreyro was one of 280 economists who signed a public letter ahead of the referendum last year stating it would be a “major mistake” for Britain to leave the EU. She will replace the US economist Kristin Forbes who leaves the monetary policy committee (MPC) this month. ...
Did you hear the one about the inequality and the thinktank? image
Source : Guardian [Read Article] Monday 19th of June 2017 11:28:57 AM
....Three members voted against the other five and called for an immediate rise in borrowing costs to keep a lid on inflation. One of the hawks, Kristin Forbes, leaves the monetary policy committee at the end of the month – but investors will be hoping to hear from the other two, Ian McCafferty and Michael Saunders, soon. ...
Bank of England doves right to thwart hawks seeking interest rate rise image
Source : Guardian [Read Article] Thursday 15th of June 2017 01:18:37 PM
....Well, three members of the Bank of England’s monetary policy committee think it is – the first time there has been a triumvirate in favour of dearer borrowing costs in six years. Kristin Forbes, Ian McCafferty and Michael Saunders – the trio who voted for a quarter-point increase in interest rates to 0. ...
Bank of England edges closer to increasing UK interest rates image
Source : Guardian [Read Article] Thursday 15th of June 2017 11:11:41 AM
.... It was the committee’s widest split since May 2011. The financial markets had expected just one policymaker, Kristin Forbes, to maintain her previous vote for a rate rise to 0. ...
Celebrity rich list 2017: Taylor Swift falls to 49th place as Diddy takes top spot image
....Taylor Swift will have to shake it off. The pop star has fallen from No 1 to 49th place on Forbes’ annual global celebrity rich list for 2017 after her earnings dropped $126m in a year. ...
Man Utd overtake Real Madrid to top Forbes football rich list image
Source : BBC [Read Article] Wednesday 7th of June 2017 06:59:41 AM
. Manchester United have overtaken Real Madrid as the world's most valuable football team, according to business magazine Forbes. ...
Election rules hit Bank's recruitment as monetary policy committee shrinks image
....The Bank’s monetary policy committee (MPC) has eight members from the usual nine after deputy governor Charlotte Hogg was forced to resign in March for failing to declare her brother works for Barclays. External MPC member Kristin Forbes is also due to step down in June, while chief economist Andrew Haldane’s term ends next week. ...
RBS offers £200m to avert court case brought by 9,000 investors image
Source : Guardian [Read Article] Monday 22nd of May 2017 07:15:06 AM
.... At that hearing eight years ago, the Scotsman also made clear he thought it was too simple to blame him for the bank’s collapse, which came a year after the record-breaking tak over of Dutch bank ABN Amro. Goodwin was stripped of his knighthood in 2012 – barely 10 years after being named Forbes business man of the year after the takeover of NatWest. ...
Billionaire makes 'biggest philanthropic gift' by living Australian image
....The Fortescue Metals chairman has a history of philanthropy. "I have been very fortunate, with my wife, Nicola, to be able to accumulate capital, and then as soon as we can to commence giving it away," said Mr Forrest, who is estimated by Forbes to have a net worth of almost A$5. ...
RBS shareholders take battle over cash call to high court image
Source : Guardian [Read Article] Sunday 21st of May 2017 01:03:31 PM
.... Taxpayers still own more than 70% of the bank. Goodwin had been named Forbes business man of the year in 2002 after masterminding the takeover of NatWest but in 2012 was stripped of the knighthood he was awarded in 2004. ...
Ex-RBS boss Fred Goodwin returns to spotlight in £520m court battle image
....PR expert Mark Borkowski believes the court appearance – Goodwin’s evidence is scheduled for next month – is a moment for the banker to show “chastened humility”. The once-feted banker – he was awarded Forbes businessman of the year in 2002 – has “disappeared off the radar” since his departure from RBS in October 2008 after the bailout, points out Borkowski. ...
Bank of England warns of consumer spending squeeze image
Source : BBC [Read Article] Thursday 11th of May 2017 11:26:30 AM
....At this month's meeting the Bank of England's Monetary Policy Committee (MPC) voted 7-1 to keep the interest rate on hold. Ben Brettell, senior economist at Hargreaves Lansdown, said: "Unsurprisingly interest rates were left unchanged, with just Kristin Forbes voting for a 0. ...
Bank of England warns Brexit vote will damage living standards image
Source : Guardian [Read Article] Thursday 11th of May 2017 11:14:34 AM
.... But it hinted that they may need to rise sooner than investors were anticipating if inflation continued to overshoot its target and as long as the Brexit process was “smooth”. The monetary policy committee was split for its second meeting running over the rates decision, with Kristin Forbes again voting against the other seven members and calling for an immediate rise to 0. ...
UK will face pay squeeze this year as inflation spikes, warns thinktank image
Source : Guardian [Read Article] Wednesday 10th of May 2017 04:57:33 AM
....25% when they meet on Thursday to offer continued support to the economy and the jobs market. Economists forecast that just one policymaker, Kristin Forbes, will vote for a rate rise to quell inflation, while the other seven members will consider the increase in prices to be temporary. ...
Bank of England walks the tightrope over interest rates image
Source : Guardian [Read Article] Monday 8th of May 2017 06:00:55 AM
....25% to offer continued support to the economy and the jobs market. Economists forecast that just one policymaker, Kristin Forbes, will vote for a rate rise, sticking to the position she adopted at the last meeting in March amid worries about inflation picking up too fast. ...
Superstar economics image
Source : BBC [Read Article] Sunday 7th of May 2017 11:30:01 PM
. Who is the best paid solo singer in the world? In 2015, according to Forbes, it was probably Elton John, who reportedly made $100m (£79m). ...
UK economy gets boost as service sector growth hits four-month high image
Source : Guardian [Read Article] Thursday 4th of May 2017 11:14:24 AM
.... But one member voted against the other eight at the last meeting, calling for a rate rise. “The MPC likely will place much more weight at next week’s meeting on the weak official data for the first quarter than on April’s better PMIs, and we expect Kristin Forbes to remain alone in voting to raise interest rates,” said Samuel Tombs, the chief UK economist at the consultancy Pantheon Macroeconomics. ...
No Bank balance image
Source : BBC [Read Article] Friday 28th of April 2017 04:25:28 PM
.... And it's only April. Another executive director, Jenny Scott, is also leaving and in June, fellow MPC member Kristin Forbes goes. ...
Christian Dior and LVMH combined by French billionaire image
Source : BBC [Read Article] Tuesday 25th of April 2017 11:31:29 AM
....Christian Dior Couture, which almost exclusively sells its goods through its 198 high-end stores, had revenues of more than 2bn euros last year and profits of 270m euros. Mr Arnault has a fortune of nearly $51bn (£40bn), according to Forbes. ...
Brand Masha image
Source : BBC [Read Article] Saturday 22nd of April 2017 11:27:22 PM
.... . In the year from June 2015, Forbes estimates the five-time Grand Slam winner made $1. ...
‘Modest’ interest rate rise on cards, says Bank of England expert image
Source : Daily Express [Read Article] Friday 21st of April 2017 08:49:00 PM
....He said: “A modest rise in rates would still imply that considerable stimulus remains in place, helping to support output and jobs. ” His colleague Kristin Forbes voted in March to raise interest rates. ...
'Vijay Mallya can't avoid the law': Herts villagers on 'fugitive' billionaire neighbour image
....They pointed to a small but welcome act of generosity from the glamorous alleged fraudster last year. When a hit-and-run driver wiped out the village fir tree, which doubled as Tewin’s Christmas tree, the man once estimated by Forbes magazine to have been worth $1. ...
NHS trust triples injury payout to £9.3m under controversial new rules image
....29m. Her solicitor, Leonie Millard of Forbes Solicitors in Accrington, said: “The benefit for the claimant from the new -0. ...
Bill Gates tops Forbes' rich list but Trump's wealth slips image
Source : BBC [Read Article] Monday 20th of March 2017 05:17:00 PM
. Microsoft founder Bill Gates again tops Forbes' list of the world's richest people, in a year when the number of billionaires rose 13% to 2,043. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... But the minutes of its meeting last week suggested a split was emerging over how much inflation should be tolerated before taking borrowing costs higher again. One of the nine MPC policymakers, Kristin Forbes, voted for a rate rise at that meeting, while others indicated that it would not take much for them to join her. ...
MPC member calls for interest rates to rise image
Source : BBC [Read Article] Thursday 16th of March 2017 11:52:03 PM
....UK interest rates should be raised, despite risks in the economy, according to a member of the Bank of England's rate-setting committee. Kristin Forbes, a US academic, was the only member of the Monetary Policy Committee to vote to raise rates this month. ...
Interest rate rise is further away than MPC vote suggests image
Source : Guardian [Read Article] Thursday 16th of March 2017 05:50:07 PM
....5%, there has been regular speculation in the City that borrowing costs are heading back up. The latest flurry of excitement was caused when Kristin Forbes broke ranks with her monetary policy committee colleagues and said something should be done about rising inflation. ...
UK interest rates kept on hold at 0.25% image
Source : BBC [Read Article] Thursday 16th of March 2017 12:38:45 PM
....25% by the Bank of England's rate setting committee. However, one of the nine who sit on the Monetary Policy Committee (MPC), Kristin Forbes, expressed concern about inflation and voted to raise rates. ...
Bank of England keeps UK interest rates on hold as it warns on inflation image
Source : Guardian [Read Article] Thursday 16th of March 2017 12:10:58 PM
....The Bank of England has held interest rates at their record low amid signs of an internal split emerging about how to tackle rising inflation. The Bank’s monetary policy committee was divided on the rates decision, with Kristin Forbes voting to raise borrowing costs immediately. ...
Zara founder to receive £1.1bn payout after record sales image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:47:42 AM
....The world’s fourth richest person and the wealthiest European, Ortega has a fortune estimated at $71. 5bn (£58bn), according to the Forbes World’s Billionaires rankings. ...
From V-necks to handcuffs image
Source : BBC [Read Article] Thursday 9th of March 2017 05:52:51 AM
....But since Mr Lee's father suffered a heart attack in 2014, he has been considered de facto boss of the entire Samsung group. Forbes ranks the divorced father-of-two as the 40th most powerful person in the world, with a net worth of almost $6bn (£4. ...
Sir Philip Green strikes BHS pension deal with regulator image
Source : BBC [Read Article] Tuesday 28th of February 2017 02:38:18 PM
...." . The tycoon, who with his wife Cristina is estimated by Forbes to be worth £3. ...
Snapchat IPO: Evan Spiegel tries to sell investors on his top product – himself image
.... The next year he shocked the tech world when it emerged he had turned down a $3bn offer from Facebook for the company. “There are very few people in the world who get to build a business like this,” Spiegel told Forbes for a cover story. ...
UK inflation is forecast to come in shy of Bank of England's 2 per cent target image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 12:00:00 AM
....The ONS said sterling weakness was a factor in rising food prices but not the sole contributor. Kristin Forbes, one of the nine rate-setters on the Bank of England's Monetary Policy Committee (MPC), signalled on Tuesday that she was inching closer to voting for a rate rise after becoming increasingly "uncomfortable" with surging inflation given the economy's resilience since the Brexit vote. ...
Brexit: the price of post-truth pounds in our pockets image
Source : Guardian [Read Article] Sunday 12th of February 2017 06:59:00 AM
.... No one is likely to kick up a fuss if the talent is imported. Meanwhile, public sector headhunters will also be out in force, searching for a new member of the Bank of England’s monetary policy committee, following last week’s announcement of Kristin Forbes’s decision to turn down a second term and return to her native US. ...
Bank of England appoints Charlotte Hogg as deputy governor image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:57:26 PM
.... Charlotte Hogg was a economics journalist and TV presenter before heading John Major’s policy unit in the mid-1990s. The appointment comes as the Bank faces the loss of another prominent woman following Kristin Forbes’s decision on Thursday to turn down a second term as a member of the MPC and return to her native US. ...
Is Snapchat the new Facebook? image
Source : Guardian [Read Article] Friday 3rd of February 2017 07:13:50 PM
....Facebook tried to buy Snapchat several times, and Spiegel has said Zuckerberg tried to force him to sell up. “It was basically like, ‘We’re going to crush you’,” Spiegel told Forbes magazine. ...
Snapchat to make high-profile stock debut after revealing IPO plans image
Source : Guardian [Read Article] Thursday 2nd of February 2017 10:54:42 PM
.... Spiegel, 26, is a Stanford University dropout who started Snapchat while still at college. Before the IPO announcement, Forbes estimated his net worth, thanks to his Snap holding, at $2. ...
World's eight richest people have same wealth as poorest 50% image
Source : Guardian [Read Article] Monday 16th of January 2017 12:01:08 AM
....The WEF report found that 51% of the 103 countries for which data was available saw their inclusive development index scores decline over the past five years, “attesting to the legitimacy of public concern and the challenge facing policymakers regarding the difficulty of translating economic growth into broad social progress”. Basing its research on the Forbes rich list and data provided by investment bank Credit Suisse, Oxfam said. ...
Changing direction image
Source : BBC [Read Article] Thursday 29th of December 2016 11:32:46 PM
.... January's lacklustre North American Auto Show, in Detroit, had already been upstaged days earlier in Las Vegas, at the Consumer Electronics Show (CES). Forbes magazine reported CES as "a high water mark in terms of the scale and significance of car technology unveiled". ...
Council tax can rise by 3% a year to help fund social care – Javid image
Source : Guardian [Read Article] Thursday 15th of December 2016 01:28:55 PM
....It was met with disappointment by local councils, who believe they need more help from central government to solve the long-term crisis in social care. Nick Forbes, the leader of Newcastle council and Labour lead on the Local Government Association, said it was a “huge missed opportunity” and the government had “just kicked the can down the road a bit”. ...
HK tycoon makes $5.4bn offer for Australian energy firm image
Source : BBC [Read Article] Monday 5th of December 2016 05:11:24 AM
....CKI sees itself as a global infrastructure company with investments and operations in many countries including the Netherlands, Portugal, New Zealand and Canada. Forbes magazine estimates that Mr Li's wealth from his property, energy, retail, ports and technology businesses amounts to $33. ...
Trump says he will 'leave business' to focus on presidency image
Source : BBC [Read Article] Wednesday 30th of November 2016 12:23:56 PM
....The property tycoon is said to be currently worth $3. 7bn (£3bn) by Forbes magazine, with more than 500 different enterprises in his business empire. ...
Rosberg revs up image
Source : BBC [Read Article] Sunday 27th of November 2016 02:49:56 PM
....From a racing perspective it has been a rollercoaster season, with Rosberg strictly focusing on taking one race at a time, an approach which is now set to pay financial, as well as sporting, dividends. This summer Rosberg was listed 98th in Forbes' index of the world's 100 richest sports people, with estimated total annual earnings of $21m (£14. ...
Trump denies any conflict of interest over business empire image
Source : BBC [Read Article] Wednesday 23rd of November 2016 09:10:03 AM
....The property tycoon is said to be currently worth $3. 7bn (£3bn) by Forbes magazine, with more than 500 different enterprises in his business empire. ...
Who will be on Trump's economic team? image
Source : BBC [Read Article] Wednesday 9th of November 2016 03:07:42 PM
....His day job is running Colony Capital, a real estate investment company based in Los Angeles. Forbes describes Thomas Barrack as "contrarian" and the firm does have some unusual assets including Michael Jackson's Neverland ranch. ...
Advantage Murray image
Source : BBC [Read Article] Sunday 6th of November 2016 07:07:06 AM
....According to other current stats from the ATP, the 29-year-old made more than $10m (£8m) in prize money this year. But according to figures from business publication Forbes, the Scot made some $15m from endorsements alone last year, a figure which eclipses his playing earnings. ...
Pay-to-stay uncertainty leaves tenants too little time, says council image
Source : Guardian [Read Article] Friday 4th of November 2016 07:00:11 AM
....It said councils needed to invest millions in new IT systems, hire new staff and write to more than 1 million social housing tenants to try and understand household income and approve individual tenant bills by January. Nick Forbes, LGA senior vice chair, said: “Pay-to-stay will affect thousands of social housing tenants across the country, with the average affected households seeing their rents rise by £1,065 a year. ...
China tops US in numbers of billionaires image
Source : BBC [Read Article] Thursday 13th of October 2016 07:13:28 AM
.... . The annual list is compiled by Shanghai publishers Hurun and often compared to the Forbes list in the US. ...
Theranos will shut labs and cut 40% staff image
Source : BBC [Read Article] Thursday 6th of October 2016 12:57:13 PM
....Founder Elizabeth Holmes once ranked as America's richest self-made woman. This summer, Forbes magazine estimated her worth as next to nothing. ...
How to hide it: inside the secret world of wealth managers | Brooke Harrington image
Source : Guardian [Read Article] Wednesday 21st of September 2016 05:00:17 AM
....The Pritzker family is one of the wealthiest in the United States. Their assets, which amount to $15bn, are held in 60 companies and 2,500 trusts, using structures and strategies that Forbes magazine – normally a cheerleader for wealthy elites – describes with an unusual hint of moral distaste as “shadowy … constructed to discourage outside inquiry – and brilliantly exploitative of loopholes in the tax code. ...
Kate Moss launches modelling agency 'not for pretty people' image
Source : BBC [Read Article] Monday 19th of September 2016 10:30:36 AM
....She was awarded Model of the Year in 2006 at the British Fashion Awards. Her fortune is estimated by Forbes magazine at around £100m. ...
Britain 'too lazy and fat', says Trade Secretary Liam Fox image
Source : BBC [Read Article] Saturday 10th of September 2016 12:29:52 PM
.... . Business bibles such as Forbes, CNBC and Bloomberg all have special features about golf and its importance to sealing a deal. ...

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