Saturday, November 27

Day: September 26, 2016

Hollande urges UK to help resolve migrant crisis after visits Calais Jungle
ENGLISH, Europe

Hollande urges UK to help resolve migrant crisis after visits Calais Jungle

    The French president wants to move refugees to reception centres across France so that they can be provided asylum. Francois Hollande visited Calais in northern France on Monday (26 September) just two days after laying out plans to close the Jungle camp that houses at least 9,000 refugees in the port city. During the visit he said that the camp must be completely closed and urged the UK to play its part in resolving the refugee crisis. Earlier on Saturday, the French president had said that the camp will be closed as migrants hope to cross the border and enter the UK in passing lorries, which has resulted in a number of deaths. He added that the migrants would be moved to reception centres across France. He was criticised for the poor condition of the migrants mostly from...
Brexit despite business growth: Banks worried by low rates
ENGLISH, United Kingdom

Brexit despite business growth: Banks worried by low rates

    The Telegraph Britain’s finance firms did increasing amounts of business over the summer but remain worried by ultra-low interest rates and the Brexit vote, according to a study by the Confederation of British Industry and PwC. By contrast manufacturing businesses are undergoing “an industrial renaissance” according to industry group the EEF. Profits grew at 37pc of finance firms and fell at only 13pc over the three months to September, the CBI’s study found, indicating growing prosperity in the financial services industry . Similarly 48pc said business volumes increased over the past three months, outnumbering the 13pc which suffered a fall in work levels. Despite that apparent growth, financiers remain downbeat and expect the improvements to slow down in the coming quart...
Most of UK CEOs to consider moving headquarters to abroad after Brexit pushes
ENGLISH, United Kingdom

Most of UK CEOs to consider moving headquarters to abroad after Brexit pushes

    A majority of UK chief executive officers are considering moving their headquarters or operations outside the country, a KPMG survey has revealed, directly linking the sentiment to the Brexit vote and the uncertainty surrounding it. 69% of the CEOs are confident the British economy will grow over the next year. The KPMG survey was based on answers from 100 UK CEOs. These bosses run companies that earn between £100m ($129.8m) and £1bn in annual revenues. The survey found that 72% of the CEOs interviewed had voted in favour of "Remain" at the 23 June referendum. Now, 76% of them said they would look at some form of relocation post-Brexit. "CEOs are reacting to the prevailing uncertainty with contingency planning....Over half believe the UK's ability to do business will be di...
Corporation tax not under EU pressure
ENGLISH, Europe

Corporation tax not under EU pressure

    Minister for Finance Michael Noonan has said there is no pressure on Ireland from Europe to change its tax laws or to alter the tax incentives for companies to invest in Ireland. Speaking at an event in Limerick marking the announcement by the US IT firm WP Engine that it is to set up a Limerick base with 100 new jobs, Mr Noonan said the EU recognises the right of sovereign governments to set their own tax rates. He said Ireland’s corporation tax rate of 12.5% is well known now, and in case there is any doubt about it he will be confirming it in Budget 2017 in two weeks. Speaking on the budget, he said it is one of the big issues facing the new Dáil and TDs are finalising matters on it now. He said there are lots of different inputs, including from three independent minist...
First faceoff Presidential debate today joining Hillary and Trump
America, ENGLISH

First faceoff Presidential debate today joining Hillary and Trump

    The blockbuster debate which is expected to draw a record audience of over 100 million viewers on TV will be held at Hofstra University, Hempstead, New York. US Presidential candidates Donald Trump and Hillary Clinton will lock horns on Monday night in the first of the three presidential debates ahead of the US Presidential elections slated to be held in November this year. Republican candidate Trump and Democrat candidate Hillary have engaged in a slugfest over the past year and the debate is expected to throw open a spree of personal attacks rather than concerted discussions on policy matters. The blockbuster debate which is expected to draw a record audience of over 100 million viewers on TV will be held at Hofstra University, Hempstead, New York. The 90-minute debate w...