The policy aimed to tackle the problem of millions of small workplace pension pots being lost as workers change jobs, with employers instead paying into one portable pension pot which would be taken from one job to the next. The DWP published a call for evidence last November, but the proposal was widely criticized by … Read more
The chancellor made the remarks while speaking Thursday night at her first Mansion House event, where she also outlined reforms to boost the City of London by allowing extra risk in the U.K. financial system, among other policy maneuvers. Donald Trump won the U.S. election in a landslide last week, and has pledged to impose … Read more
The ratings agency affirmed France’s credit rating at Aa2, noting that this was supported by its “large, wealthy and diversified economy.” But it lowered the country’s outlook to negative from stable. “The fiscal deterioration that we have already seen is beyond our expectations and stands in contrast with governments in similarly rated countries that are … Read more
“Rather than new legislative proposals, we can achieve our objectives by better implementing and enforcing existing legislation while using incentives and new market-based tools to promote change,” Hansen said in reply to a question on whether the EU’s executive would propose the framework next year. Costas Kadis Cyprus’ Costas Kadis, the commissioner candidate for fisheries … Read more
Neil Amin-Smith Neil Amin-Smith | Frazer Harrison/Getty Images for GLAAD He’s a former popstar who’s now the main adviser on financial services policy for Chancellor Rachel Reeves. Neil Amin-Smith, the ex-violinist of chart-topping band Clean Bandit, is the key political person in the Treasury for City policy and for the party’s investment ambitions. He also … Read more
“I cannot say it because it’s a sort of open secret but yes, it became clear at some point that the name [of Thierry Breton] was part of the negotiation,” a French official with knowledge of the talks said on condition they remain anonymous. The rumor that Macron would eventually drop Breton circulated for weeks, … Read more
“Some people might describe him as inscrutable,” said one of his close advisers who, perhaps in keeping with the personality of the man himself, requested anonymity. McGrath is “not somebody with any political enemies, not a factional politician,” the adviser continued. “He’s certainly a believer that hard work brings its own reward, rather than political … Read more
A Surrey, B.C.-based property developer and its director have been ordered to pay nearly $100,000 by the province’s real estate regulator for causing “consumer harm.” The B.C. Financial Services Authority (BCFSA) said Halcyon Point Development and its director Dale Tortorelli are both liable for failing to provide purchasers with a disclosure statement and for putting … Read more
The coffee bush likes tropical climates and elevation, and grows in a belt around the equator. It is the cherries of the plant, which turns bright red when ripe, that are used to make the hot drink. They’re gathered, stripped, dried, roasted and finally ground and ready to use. Sounds like hard work, doesn’t it? … Read more
Singapore’s state investment firm Temasek is planning to invest up to $30 billion in the U.S. economy over the next five years as it aims to focus on healthcare, financial services, and technology sectors. Temasek’s head of North America operations, Jane Atherton, said the robust opportunities within the U.S. capital market, particularly in artificial intelligence, … Read more
