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. The best defence against a bid is a high share price. ... [Read full article on Guardian ]
Sunday 19th of March 2017 07:00:00 AM
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....A survey by the investment house Bernstein suggested that investors are split down the middle over the “aggressive rejection” of Kraft’s overtures, with half believing the company should have held talks with the US company. Unilever has said it believes support for its defence is actually higher than that. ... [Read full article on Guardian ]
Sunday 19th of March 2017 01:46:15 PM
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....But if it were to ultimately lose, it would not be the first business to fall foul of punctuation problems, spelling mistakes and typos. When US defence giant Lockheed Martin signed a deal to build Hercules military transport aircraft for an unnamed air force, it knew manufacturing would take several years. ... [Read full article on BBC ]
Friday 17th of March 2017 09:44:01 AM
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....“A year after the Panama Papers, we can see that the anti-money laundering supervisors have been asleep on the job, the banks have been at best lax and at worst complicit, and the UK’s law enforcement agencies have a dismal track record of investigations that lead to prosecutions. “Basically, the UK’s anti-money laundering defences are just not fit for purpose. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:33:29 PM
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.... . An element of the defence case, is that in making requests of the submitters for a higher or lower Libor, within a range of interest rates at which their bank might have borrowed, they were carrying out normal commercial practice, known of and allowed by bosses and regulators. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 09:37:35 PM
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....Lamy then outlined a few of the more complex issues. The EU has defences to protect against the dumping of goods at below global market prices. ... [Read full article on Guardian ]
Sunday 19th of March 2017 11:20:05 AM
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....South Korea has appealed to the World Trade Organization to determine if the Chinese government is treating South Korean companies unfairly. Seoul claims Beijing is retaliating economically over its deployment of a US anti-missile defence system. ... [Read full article on BBC ]
Monday 20th of March 2017 09:12:27 AM
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....Lotte, which is South Korea's fifth-biggest conglomerate, isn't just facing a tough time in court. Around 80% of its stores have been shut in China as part of the backlash against a US missile defence system being deployed in South Korea. ... [Read full article on BBC ]
Tuesday 21st of March 2017 09:11:15 AM
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....5% of GDP – an overall stimulus approaching 3% of GDP, which was sustained over four years. Government investment growth hit double digits in 1984-85, including a major rise in defence spending. ... [Read full article on Guardian ]
Sunday 19th of March 2017 06:59:01 AM
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Latest Finance News related to Defence

Libor expert witness texted for help image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:37:35 PM
.... . An element of the defence case, is that in making requests of the submitters for a higher or lower Libor, within a range of interest rates at which their bank might have borrowed, they were carrying out normal commercial practice, known of and allowed by bosses and regulators. ...
Police to examine 'Global Laundromat' money laundering allegations image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:33:29 PM
....“A year after the Panama Papers, we can see that the anti-money laundering supervisors have been asleep on the job, the banks have been at best lax and at worst complicit, and the UK’s law enforcement agencies have a dismal track record of investigations that lead to prosecutions. “Basically, the UK’s anti-money laundering defences are just not fit for purpose. ...
K-Drama image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:11:15 AM
....Lotte, which is South Korea's fifth-biggest conglomerate, isn't just facing a tough time in court. Around 80% of its stores have been shut in China as part of the backlash against a US missile defence system being deployed in South Korea. ...
S Korea complains to WTO about China over Thaad image
Source : BBC [Read Article] Monday 20th of March 2017 09:12:27 AM
....South Korea has appealed to the World Trade Organization to determine if the Chinese government is treating South Korean companies unfairly. Seoul claims Beijing is retaliating economically over its deployment of a US anti-missile defence system. ...
Unilever bids to heal shareholder rift amid 'garage sale' warnings image
Source : Guardian [Read Article] Sunday 19th of March 2017 01:46:15 PM
....A survey by the investment house Bernstein suggested that investors are split down the middle over the “aggressive rejection” of Kraft’s overtures, with half believing the company should have held talks with the US company. Unilever has said it believes support for its defence is actually higher than that. ...
Brexit Britain is suddenly debating trade – but it's the wrong talking point | Larry Elliott image
....Lamy then outlined a few of the more complex issues. The EU has defences to protect against the dumping of goods at below global market prices. ...
The Ronald, the Donald – and a hamstrung Hammond image
Source : Guardian [Read Article] Sunday 19th of March 2017 06:59:01 AM
....5% of GDP – an overall stimulus approaching 3% of GDP, which was sustained over four years. Government investment growth hit double digits in 1984-85, including a major rise in defence spending. ...
Comma comeuppance: When rogue punctuation proves costly image
Source : BBC [Read Article] Friday 17th of March 2017 09:44:01 AM
....But if it were to ultimately lose, it would not be the first business to fall foul of punctuation problems, spelling mistakes and typos. When US defence giant Lockheed Martin signed a deal to build Hercules military transport aircraft for an unnamed air force, it knew manufacturing would take several years. ...
Trump budget to cut foreign aid to pay for defence boost image
Source : BBC [Read Article] Thursday 16th of March 2017 12:07:20 AM
. The Trump administration has laid out plans to boost US defence spending by $54bn (£44bn) while slashing funding for foreign aid. ...
UK government should help companies targeted by foreign bids, says Unilever image
.... Kraft Heinz withdrew the offer after it was firmly rejected by Unilever, amid reports the UK government was concerned about the ramifications of a deal. However, Unilever believes UK takeover rules should be changed to provide more support for the company that is targeted by a foreign bid, for example enabling it to have more time to build a defence against the offer and encouraging directors to consider the interests of other stakeholders – such as employees – rather than just shareholders. ...
Charlotte Hogg’s exit raises tough questions for Bank of England | Nils Pratley image
.... Why did the Bank think such “potential, actual or perceived” conflicts did not matter or could be managed happily within existing codes? Why was it so breezy? Why did it think a verbal warning from governor Mark Carney – in effect, a gentle slap on the wrist – could suffice?. Those bankers bleating about the creation of a “Hogg defence” to excuse their own misjudgments were overstating matters, but the affair still raised awkward questions. ...
Unilever chief calls for tougher takeover safeguards image
Source : BBC [Read Article] Tuesday 14th of March 2017 07:14:02 PM
....He told the Financial Times that there needed to be a "level playing field". Under the UK Takeover Code, a company has 28 days to prepare a defence before a business returns with a firm offer. ...
The Scottish economy has strengths – but could it make a success of independence? | Larry Elliott image
.... According to estimates made last year by the Institute for Fiscal Studies, Scotland will have a budget deficit of more than 9% of GDP this year, more than three times as big as that for the UK. As the IFS noted, Scotland is insulated from the consequences of its spending being higher than its tax revenues because the UK government hands Edinburgh a block grant each year that covers non-devolved items such as defence and social security. ...
After Brexit, Israel senses a chance to boost trade with UK image
Source : Guardian [Read Article] Saturday 11th of March 2017 04:00:38 PM
....At his official residence on the outskirts of Tel Aviv, the British ambassador, David Quarrey, points to a growing economic relationship between the countries in the past 18 months. This included the biggest UK-Israel trade deal in history: Rolls-Royce landed a £1bn contract to service and maintain its Trent 1000 engines for the airline El Al and, in the other direction, the Israeli defence firm Elbit Systems is in a consortium that provides the Ministry of Defence with training aircraft and simulators. ...
Charlotte Hogg: a family tree deeply rooted in the British establishment image
....The connections do not end there. On her father’s side, her aunt Mary is a high court judge, while her uncle Thomas on her mother’s side was the deputy chief of defence staff in the mid-1990s. ...
MPs not appeased by May's decision to review self-employed tax hike image
Source : Guardian [Read Article] Friday 10th of March 2017 06:48:53 PM
....”. David Cameron was also dragged into the row, after a video clip from Thursday’s Iraq and Afghanistan memorial unveiling appeared to show him saying to the defence secretary, Michael Fallon: “Breaking a manifesto promise, how stupid can you get?”. ...
Machines v hackers image
Source : BBC [Read Article] Friday 10th of March 2017 12:33:10 AM
. There is a gaping hole in the digital defences that companies use to keep out cyber thieves. ...
Savers urged to use THIS simple trick to beat dividend tax changes image
Source : Daily Express [Read Article] Thursday 9th of March 2017 04:32:00 PM
...."This will be particularly galling for those investors who have turned to the stock market for income because the Bank of England’s monetary policy has obliterated the interest they were earning on cash. "Tax shelters are now the investors’ best line of defence against the encroachment of dividend tax. ...
Hammond was a picture of relaxed swagger – because he was in the ring alone image
.... A holding budget would do. Even so, Hammond left a series of holes in Tory defences that would, in normal times, be easy for a functioning opposition to blast through. ...
UK growth forecast for 2017 revised up image
Source : BBC [Read Article] Wednesday 8th of March 2017 02:12:25 PM
....7 trillion - almost £62,000 for every household in the country. Each year, we are spending £50bn on debt interest - more than we spend on defence and policing combined," he told MPs. ...
Savers are getting worse return than ever while risk takers are benefiting image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 12:01:00 AM
....uk, a risk rating service for P2P platforms, says a number of sites pay around 4 per cent with little risk. “They vet borrowers, incur minimal bad debts and have defences to prevent losses. ...
Is China retaliating against Lotte missile deal? image
Source : BBC [Read Article] Monday 6th of March 2017 09:08:11 AM
.... So what's going on?. At the end of February, Lotte finally agreed to provide land it owned in South Korea - which includes part of a golf course - so the US could build its controversial Terminal High Altitude Area Defense (THAAD) missile defence system. ...
Nimble entrepreneurs seek solutions to air quality crisis image
Source : Guardian [Read Article] Monday 6th of March 2017 07:30:06 AM
.... Then, in 2015, he moved back to the UK and set up his own venture in the same field. Cambridge Mask Company’s USP is that its masks include a filtering technology developed by the UK ministry of defence. ...
FTSE 100 falls from record high as Capita slumps image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:09:57 AM
....Profits last year sank to £73m from £224m in 2015 after the company wrote down the value of its plumbing, heating and tile businesses by £235m. But shares in aerospace and defence firm Cobham rose 13% despite it announcing plans for a £500m rights issue. ...
Donald Trump has made rookie mistakes – he must change his approach image
Source : Guardian [Read Article] Thursday 2nd of March 2017 08:59:39 AM
.... Trump has discomfited some US allies, including by raising doubts about America’s commitment to Nato. His cabinet officials have recently sought to reassure those allies, while insisting that they address defence-spending shortfalls. ...
ITV shouldn't get away with blaming Brexit for falling revenues | Nils Pratley image
.... It is less clear, however, whether its 3% fall in advertising spend – the first since 2009 – was a wobble or the start of a trend. The case for the defence is that commercial television is better equipped than, say, newspapers to resist the pickpockets called Facebook and Google. ...
Government defeated on Brexit bill image
Source : BBC [Read Article] Wednesday 1st of March 2017 07:06:57 PM
....They knew this vote was likely to go against them. And it's an issue that the government believes it has a clear defence on. ...
Wall Street stocks rise after Trump's corporate tax cut promises image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:42:20 PM
.... Now that cash is being put to work and pushing the market up,” he said. Banking stocks were among the biggest risers alongside defence contractors and firms in a position to benefit from rising infrastructure spending, like the construction and mining equipment maker Caterpillar, which has seen a near-60% rise in its share price over the last year. ...
Dow Jones stock index hits best winning streak in 30 years image
Source : BBC [Read Article] Monday 27th of February 2017 10:19:25 PM
....". The president also said he would seek to boost defence spending by $54bn (£43bn), a 10% rise, in his proposed budget plans for 2018. ...
Trump lays out hike in military spending image
Source : BBC [Read Article] Monday 27th of February 2017 09:03:25 PM
. US President Donald Trump is seeking to boost defence spending by 10% in his proposed budget plan for 2018. ...
NHS faces £1bn annual bill after 'reckless' change to injury payouts image
Source : Guardian [Read Article] Monday 27th of February 2017 10:45:09 AM
....Four key pledges will be made, she said. “The government has committed to ensuring that the NHS Litigation Authority has appropriate funding to cover changes to hospitals’ clinical negligence costs,” Truss said, adding that GPs and medical defence organisations will ensure appropriate funding is available to meet additional costs. ...
Norwegian's low-cost long-haul transatlantic fares take off quickly image
Source : Guardian [Read Article] Saturday 25th of February 2017 07:00:05 AM
.... Its terminal building, with the red brick and mock turrets that resemble an out-of-town Tesco supermarket, includes a newsstand and a small gift shop, while the outskirts of New York city itself are a good 90-minute drive away. Similar distances link Providence and Bradley airports to Boston and New England’s usual points of interest, but Norwegian’s chief executive, Bjørn Kjos, is stout in his defence of airports with no other connections to Europe. ...
Government pension scheme begins ditching oil and gas investments image
Source : Guardian [Read Article] Friday 24th of February 2017 10:21:26 AM
....”. Sectors where Nest/UBS will be investing less than they would otherwise include mining, oil and gas, beverages, aerospace and defence, travel and leisure, and food production. ...
German budget surplus highest since 1990 image
Source : BBC [Read Article] Thursday 23rd of February 2017 02:29:14 PM
.... . She said the government would increase spending on defence, as well as on domestic security and social improvements. ...
FTSE dragged down by ex-dividend firms image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:36:49 PM
....5bn. "With an improved outlook for defence budgets in a number of our markets, we are well placed to continue to generate attractive returns for shareholders," said chief executive Ian King. ...
City watchdog investigating HSBC over potential financial crime, bank reveals image
....Chekraksy was appointed after the £1. 2bn fine imposed on HSBC in 2012 by the US for poor anti-money laundering controls and is overseeing attempts to improve its defences against financial crime. ...
Global arms trade reaches highest point since cold war era image
Source : Guardian [Read Article] Monday 20th of February 2017 12:02:22 AM
....2% of total arms transfers to the region. In 2016, Iran took delivery of S-300 air defence missile systems from Russia in its first significant import of major weapons system since 2007. ...
UK business rates battle hots up as firms challenge government image
Source : Guardian [Read Article] Friday 17th of February 2017 11:52:58 AM
. The government has mounted a staunch defence of the shakeup in business rates, after Britain’s biggest business groups strongly condemned the changes. ...
How Donald Trump became Deutsche Bank's biggest headache image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:31:47 PM
.... Trump responded with a blistering, scarcely credible writ of his own, a 10-count complaint in New York’s supreme court, in the county of Queens. In it, Trump adopted a highly unusual defence, known as “force majeure”. ...
Treasury hits back at 'scaremongering' over business rate changes image
Source : Guardian [Read Article] Thursday 16th of February 2017 06:01:33 AM
....David Gauke, the chief secretary to the Treasury, insisted that the vast majority of business will see no change or a fall in their rates, while a quarter will see their bills rise. His robust defence of the revaluation is likely to dampen speculation that the move could be reversed in Philip Hammond’s budget next month. ...
Rolls-Royce posts biggest loss in its history image
Source : Guardian [Read Article] Tuesday 14th of February 2017 07:28:53 AM
.... Rolls, which makes engines for Boeing’s 787 Dreamliners and Airbus’s A380 superjumbos among others, has been affected by lower-than expected demand for the wide-bodied airliners to which it supplies engines. It has also been hurt by cuts to defence spending and the decline in the oil price, which has lowered demand from the offshore oil and gas industry for its marine products. ...
Does UK’s lucrative arms trade come at the cost of political repression? image
Source : Guardian [Read Article] Sunday 12th of February 2017 06:00:37 AM
.... The case follows concerns that a coalition of Saudi-led forces may have been using UK-manufactured weapons in violation of international humanitarian law during their ongoing bombardment of Yemen, targeting Iranian-backed Houthi forces loyal to the country’s former president. The legal challenge comes at a crucial time for the UK’s defence industry, which makes about 20% of arms exported globally. ...
Trump means happy days are here again for the UK’s arms exporters | Paul Rogers image
.... For all the talk of isolationism there are clear signs of an increase in military adventurism. It is not just the appointment of senior ex-generals to head the Pentagon and department of homeland security and to the post of national security adviser: more significant still is the plan for a substantial increase in military spending, even if the US defence budget is already not far short of 45% of the world total. ...
Bribery and Brexit propel Rolls-Royce towards historic losses image
Source : Guardian [Read Article] Saturday 11th of February 2017 01:42:36 PM
....Rolls, which makes engines for Boeing’s 787 Dreamliners and Airbus’s A380 superjumbos among others, has been affected by lower-than expected demand for the wide-bodied airliners to which it supplies engines. But it has also been hurt by cuts to defence spending and the decline in the oil price, which has lowered demand from the offshore oil and gas industry for its marine products. ...
Panama Papers: Mossack Fonseca founders arrested over bribery scandal image
Source : Guardian [Read Article] Friday 10th of February 2017 03:11:52 PM
....The founders of Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, were arrested in Panama City on Thursday as the country’s attorney general launched a probe into their alleged connections with Brazil’s sprawling Lava Jato corruption scandal. Juergen Mossack and his colleague Ramon Fonseca, a former adviser to Panama’s president Juan Carlos Varela, were taken into custody and transferred to police cells in the capital overnight for further questioning on Friday, their defence attorney Elías Solano was quoted telling reporters. ...
Golf diplomacy: Japan's Abe hopes for strokes of genius to seal Trump trade pact image
.... If rumours about the US president’s fairway gamesmanship are to be believed, Abe is likely to turn a blind eye to any skullduggery on the links in Florida this weekend. Although Tokyo won assurances of Washington’s commitment to Japan’s security from the defence secretary, James Mattis, last weekend, the thorny issue of trade is likely to cast a pall over the leaders’ summit, which begins in Washington later on Friday and ends with a round of golf at the president’s Mar-a-Lago estate in Palm Beach on Saturday. ...
Developer claiming £132m   from Candy brothers is accused of 'serial dishonesty' image
.... In return, their advisers have raked over the collapse of Holyoake’s fish import business, British Seafood. Setting out the case for the defence on Thursday, Tim Lord QC said Holyoake had given the Candys a misleading account of how much he was worth in order to borrow £12m from them to develop luxury flats. ...
Quinoa genome unveiled in search for hardy crop to feed world image
Source : Guardian [Read Article] Thursday 9th of February 2017 01:42:16 AM
....One problem with quinoa is that the plant naturally produces bitter-tasting seeds, Tester explained. The bitterness – a natural defence against birds and other pests – comes from chemical compounds called saponins. ...
Candy brothers accused of blackmail and extortion in high court image
Source : Guardian [Read Article] Wednesday 8th of February 2017 11:40:18 AM
....The Candys deny the charges “in their entirety”. In their defence statement, they allege “serial dishonesty and fraud on the part of Mr Holyoake and his associates”, and that the Grosvenor project was developed “on dishonest foundations with other people’s money”. ...
UK tax burden will soar to highest level for 30 years, warns IFS image
Source : Guardian [Read Article] Tuesday 7th of February 2017 10:00:11 AM
....25bn a year by 2020. The IFS said: “Public spending, especially on health, pensions and overseas aid will be higher as a share of national income than in 2007-08, while spending on schools, defence and – in particular– public order and safety will be lower. ...
'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy image
.... Oxfam found that US corporations reported $80bn (£64bn) in profits in Bermuda in 2012 – more than their combined reported profits in Japan, China, Germany and France. “People are pressuring overseas territories because they feel we are defenceless, in some way easy pickings,” said Richards. ...
Amazon Web Services: the secret to the online retailer's future success image
Source : Guardian [Read Article] Thursday 2nd of February 2017 07:00:23 AM
.... Way back in the late 1960s, Arpanet, the predecessor to the internet, was built with a decentralised model: no one server, university or military establishment could take down the network if it was removed. That meant the project, funded by the US department of defence, could theoretically route around damage, making it robust against attack. ...
Ex-UBS and Citigroup trader jailed over Libor seeks review of case image
Source : Guardian [Read Article] Tuesday 31st of January 2017 07:00:15 AM
....In his latest effort to overturn his sentence, Hayes is asking the CCRC to review “evidence still coming to light and [that] was not available to the jury at my original trial”. In a letter to the Guardian sent from Lowdham Grange prison in Nottinghamshire, Hayes outlined key planks of his defence as well as writing about the personal price he continues to pay, including missing key moments as his young son grows up. ...
Greece has three weeks to deal with 'potentially disastrous' debt image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:07:40 PM
....5%. At a meeting of eurozone finance ministers on Thursday, Athens found itself out in the cold with even the normally supportive European commission failing to rally to its defence. ...
Theresa May signs £100m fighter jet deal with Turkey's Erdoğan image
Source : Guardian [Read Article] Saturday 28th of January 2017 02:30:02 PM
. Theresa May issued a stern warning to Turkish president Recep Tayyip Erdoğan about respecting human rights yesterday as she prepared to sign a £100m fighter jet deal that Downing Street hopes will lead to Britain becoming Turkey’s main defence partner. ...
Well-paid bosses should not get knighthoods – says Sir Philip Hampton image
Source : Guardian [Read Article] Tuesday 24th of January 2017 06:22:08 PM
.... The DPA allows the engineering group to avoid formal criminal charges, although individuals working for Rolls-Royce at the time could still face proceedings. Rose was knighted in 2003 in recognition of his services to the defence and aerospace industries. ...
Lloyds bank accounts targeted in huge cybercrime attack image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:20:26 PM
....The threat to Britain’s financial infrastructure from persistent cyber-attacks was partly behind the pledge by the chancellor, Philip Hammond, in November to spend an extra £1. 9bn protecting UK online defences. ...
Rolls-Royce sent agent to 'retrieve' document from India tax office image
Source : Guardian [Read Article] Friday 20th of January 2017 01:52:09 PM
....”. At the time, it was illegal for companies to use unregistered intermediaries in defence deals in India, so there were concerns that the adviser list could trigger a more extensive investigation. ...
Calls for ex-Rolls-Royce CEO to lose knighthood after firm admits bribery image
Source : Guardian [Read Article] Wednesday 18th of January 2017 07:48:18 PM
.... The manufacturing multinational has been hit with the biggest criminal penalty in British history after being ordered to pay £691m in fines. On Monday the company announced the settlement with the Serious Fraud Office (SFO), after accepting that its defence and civil aerospace divisions had paid bribes and corrupted officials and politicians around the world. ...
He's had three strikes. Surely Pearson's chief executive is out? image
Source : Guardian [Read Article] Wednesday 18th of January 2017 07:19:40 PM
.... Pearson will cut ebook rental prices by up to 50% on 2,000 titles and invest an extra £50m at improving its digital capabilities. Fallon offered a spirited defence that, when the dust settles, the digital future in education will be stable, reliable and “at least as profitable” as the analogue past. ...
Will the Pearson chief be brought to book over profits warnings? | Nils Pratley image
.... Pearson will cut ebook rental prices by up to 50% on 2,000 titles and invest an extra £50m at improving its digital capabilities. Fallon offered a spirited defence that, when the dust settles, the digital future in education will be stable, reliable and “at least as profitable” as the analogue past. ...
Globalisation has made the world a better place | Jim O'Neill image
Source : Guardian [Read Article] Wednesday 18th of January 2017 10:07:59 AM
.... I also recently made a BBC radio documentary called Fixing Globalisation, in which I criss-crossed the UK in search of ideas for improving certain aspects of it and discussed topical issues with well-known experts. In both cases, I saw things that convinced me that it is past time for someone to come to globalisation’s defence. ...
Rolls-Royce: questions remain despite £671m bribery settlement | Nils Pratley image
....Leveson nevertheless approved the DPA because he accepted that Rolls-Royce is “no longer the company that once it was” and its new board and executive team has sought “to clear out all the disreputable practices”. That seems pragmatic and correct: there is no point in destroying Rolls-Royce, damaging its suppliers and undermining the UK’s defence capabilities. ...
Xi Jinping signals China will champion free trade if Trump builds barriers image
Source : Guardian [Read Article] Tuesday 17th of January 2017 03:50:06 PM
. China’s president, Xi Jinping, has delivered a strong defence of globalisation, serving notice to Donald Trump that Beijing will seek to usurp America’s traditional role as the champion of free trade and open markets. ...
Rolls-Royce apologises in court after settling bribery case image
Source : Guardian [Read Article] Tuesday 17th of January 2017 01:29:50 PM
....• In Thailand, the firm paid more than $36m between 1991 and 2005 to agents to help it secure three separate contracts to supply Trent aero engines to Thai Airways. • In India, where the use of agents to secure defence contracts is prohibited, Rolls-Royce disguised its use of middlemen as “general consulting services”. ...
'Europe's fate is in our hands': Angela Merkel's defiant reply to Trump image
Source : Guardian [Read Article] Monday 16th of January 2017 07:54:18 PM
....“There is a link between America’s flawed interventionist policy, especially the Iraq war, and the refugee crisis; that’s why my advice would be that we shouldn’t tell each other what we have done right or wrong, but that we look into establishing peace in that region and do everything to make sure people can find a home there again,” Gabriel said. “In that area, Germany and Europe are already making enormous achievements – and that’s why I also thought it wasn’t right to talk about defence spending, where Mr Trump says we are spending too little to finance Nato. ...
Norway’s $885bn-nil advantage in Britain’s sea of social troubles image
Source : Guardian [Read Article] Sunday 15th of January 2017 12:51:15 PM
.... The first is his suggestion the government should legislate a target for the percentage of GDP to be spent on long-term infrastructure investment similar to the 0. 7% in place for overseas development and 2% for defence. ...
Robotics, Trump and Brexit turn up the heat amid the snow of Davos image
Source : Guardian [Read Article] Saturday 14th of January 2017 03:59:30 PM
....Delegates will also ponder the dangers posed by “weaponised” AI systems and smart robots. The WEF warns that autonomous weapons systems could be designed to “swarm” over a nation’s existing military defences, overwhelming them in a massive coordinated attack. ...
Swansea lagoon should use 'Roman-style' concrete: expert image
Source : BBC [Read Article] Friday 13th of January 2017 11:00:01 AM
....Professor Marie Jackson of the University of Utah warns the steel reinforcing a conventional concrete lagoon seawall will corrode after 60 years. Roman concrete sea defences made without cement or steel could last more than 2,000 years. ...
Pen power: China closer to ballpoint success image
Source : BBC [Read Article] Tuesday 10th of January 2017 08:16:27 AM
...."Its parts are so small and very precise, and it's not easy to solve this problem" . Precision engineering is thriving only in certain sectors such as aerospace and defence where the government has placed a high priority, says Prof Huang. ...
No one can afford to stop the new consumer credit crisis image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:05:11 AM
.... A debt-to-GDP figure is just not that relevant when the incomes of the people taking on the debt are stagnant. Threadneedle Street has a second point to make, which is that banks can cope with the debts after years spent shoring up reserves, and a third line of defence, which highlights the lower cost of servicing outstanding debts. ...
FTSE 100 recovers to reach another record close image
Source : BBC [Read Article] Friday 6th of January 2017 08:27:29 AM
....1659. On the stock market, the leading shares were defence group BAE Systems and Lloyds Banking Group. ...
Will Donald Trump's election put America first and global conflict next? image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 08:33:31 AM
....Trump, however, may pursue populist, anti-globalisation, and protectionist policies that hinder trade and restrict the movement of labour and capital. And he has cast doubt on existing US security guarantees by suggesting he will force America’s allies to pay for more of their own defence. ...

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