Global recession 2019: Moody’s horrifying warning – HIGH recession risk in next 12 months

Mark Zandi, chief economist of Moody’s Analytics, reported an “uncomfortably high” chance of a global recession in the next 12 to 18 months. And there might not be anything policy-makers can do to stop it. In his gloomy forecast, he said that even if a full recession doesn’t hit, “it’s pretty clear that we’re going to have a much weaker […]

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Roche boosts 2019 sales outlook, sees Spark deal this year

Sales are now expected to grow at a high-single-digit rate, at constant exchange rates, up from the mid- to high-single-digit range projected in July, it said on Wednesday. Roche's planned purchase of Spark, originally due to have been completed by now, is still undergoing scrutiny from U.S.and British competition regulators. Roche stuck to its prediction of completing the deal by the end of December. […]

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Britain's best known stockpicker forced to shut down embattled flagship fund

In a letter to investors Tuesday morning, the administrators of the Woodford Equity Income Fund, run by star manager Neil Woodford, said the fund would be closed down and cash returned to investors at the earliest opportunity. The Woodford Equity Income Fund was suspended in June following a run of poor performance and a sharp increase in investor redemptions. The […]

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Pound euro exchange rate: Queen speaks of October Brexit despite unresolved UK-EU talks

Meanwhile, Sterling traders are increasingly jittery after Prime Minister Boris Johnson reportedly warned colleagues that a “significant amount of work” was still needed in order to secure a Brexit deal before the end of the month.  President of the European Commission, Jean-Claude Juncker fuelled uncertainty with his own ambiguous comments: “it’s up to the Brits to decide if they will ask […]

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Pound US dollar exchange rate: GBP/USD soars by 1.9 percent on UK-EU Brexit breakthrough

The Pound surged against many of its competitors today on renewed hopes of a possible Brexit deal ahead of the October 31 deadline. Donald Tusk, the President of the European Council, was optimistically cautious: “Of course, there is no guarantee of success and the time is practically up, but even the slightest chance must be used. A no-deal Brexit will never […]

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Carol Roth: Small business is the 'Rodney Dangerfield' of the American economy (and that needs to change)

Exempt small businesses from tariffs: Biotricity CEO Tariffs on goods from China are affecting American small businesses, Biotricity founder and CEO Waqaas Al-Siddiq said. Small businesses have truly become the Rodney Dangerfield of the U.S. economy—while legendary, they “can’t get no respect.” Despite numbering 30.2 million strong, employing around half of the total the workforce and accounting for around half […]

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New £20 note featuring JMW Turner revealed by the Bank of England

The governor of the Bank of England has unveiled the new £20 polymer banknote featuring the artist JMW Turner as the Bank continues its switch away from paper money. Mark Carney revealed the note’s design at Turner Contemporary gallery in Margate, which is named after the landscape painter. Turner, the first artist to feature on a British banknote, went to […]

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Corporate tax avoidance: it’s no longer enough to take half measures

Globalisation has gotten a bad rap in recent years, and often for good reason. But some critics, not least Donald Trump, place the blame in the wrong place, conjuring up a false image in which Europe, China, and developing countries have snookered America’s trade negotiators into bad deals, leading to Americans’ current woes. It’s an absurd claim: after all, it […]

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