Credit Suisse will unveil a fresh share buyback programme and boost its dividend this week, but the Swiss lender risks disappointing investors who are expecting more capital to be returned after a sharp fall in its share price this year.The bank will commit to a “significant” buyback worth...
Theresa May has become an expert in kicking cans down the road. Whenever the British prime minister faces a thorny confrontation, she opts for delay in the hope that the moment of tension will pass. She reverted to type on Monday by deferring the “meaningful vote” on her...
French president Emmanuel Macron on Monday responded to the biggest political crisis in his 19-month presidency and announced a series of concrete measures aimed at preventing the gilets jaunes crisis that has engulfed the country from gathering further momentum.In a 13-minute televised speech, Mr Macron decreed a “state...
EU leaders have told Theresa May they “will not renegotiate” her Brexit deal but are prepared to offer assurances that would help convince the House of Commons to approve the exit treaty. The public response, co-ordinated by Brussels, sets the stage for a flurry of diplomacy ahead of...
The United Nations’ charity arm for children, UNICEF, is funding research into blockchain tech. Announced Monday, UNICEF is investing $100,000 in six blockchain startups to “solve global challenges using blockchain technology,” ranging from healthcare delivery transparency to...
A pro-coal event on Monday at the UN climate talks in Poland gave the US delegation the platform to outline its energy priorities.Wells Griffith, a senior US official, described an “energy renaissance” in the US, pointing to technological breakthroughs in hydraulic fracking and celebrating the country as “the...
Two and a half years ago, Theresa May convinced Conservative MPs that she would be the right prime minister to get Brexit done with minimal drama. On a turbulent Monday at Westminster, that felt a long time ago. The prime minister’s decision to postpone a key parliamentary vote...
It is not foolish to run from a fight you are about to lose. Standing your ground in the face of annihilation is not the smart move. But you do need somewhere to run or you are merely delaying the inevitable rout. Theresa May’s problem is that she...
KPMG has disclosed that seven of its UK partners left the firm because of inappropriate behaviour, including sexual harassment and bullying, over the past four years, becoming the second Big Four accounting firm to share such figures. Anna Purchas, KPMG’s head of people, said that the firm’s anti-harassment...
U.S. insurance group State Farm is testing blockchain tech as part of a new platform for insurance subrogation. State Farm announced Monday that it was trialing a blockchain solution to streamline the manual process of subrogation. Subrogation is...