The City of London’s office market is expected to decline by 3.8 per cent this year
Businessam Staff
May 26, 2017
The City’s office market is expected to decline by 3.8 per cent this year, according to a survey by property consultancy Daniel Watney. Rental expectations in the City will decline 3.7 per cent next year, sharply down on the expected one per cent fall projected for 2018 in November, the survey found. The West End […]
Theresa May to start Brexit talks on weak economic footing
Businessam StaffMay 25, 2017
U.K. Prime Minister Theresa May will start Brexit talks with a slowing economy. Growth was just 0.2 percent in the first quarter, the weakest in a year, and less than half the pace recorded in the euro area, the Office for National Statistics said Thursday. That sluggishness points to the risks to confidence and investment […]
How to plan your first visit to Europe for summer 2017
Businessam StaffMay 25, 2017
Europe is one of the most popular travel destinations for Americans. Its varied cultures and easy-to-use transportation methods enable visitors to travel to multiple countries within a few days. If you’re planning a trip to Europe in 2017, keep these six tips in mind to make sure you have the best experience possible. Order Currency […]
UK retains top position for FDI projects in Europe, Ernst & Young report shows
Businessam StaffMay 25, 2017
A report by Ernst & Young (EY) has revealed that the UK has maintained its position in Europe as the largest recipient of Foreign Direct Investment (FDI), amounting to a total of 1,144 FDI projects during 2016. The report has also showed that Germany is gradually catching up with a 12% increase in FDI projects […]
Greece needs fiscal room for investments, Germany’s Gabriel says
Businessam StaffMay 22, 2017
German Foreign Minister Sigmar Gabriel on Monday urged euro zone finance ministers and the International Monetary Fund to give Greece enough fiscal room to make growth-oriented investments in education, infrastructure and research and development. Speaking alongside visiting French Foreign Minister Jean-Yves Le Drian, Gabriel said the Eurogroup must grant Greece debt relief in exchange for […]
The British government sells its last shares in Lloyds bank
Businessam StaffMay 19, 2017
Horse sense The British government sells its last shares in Lloyds bank But it still owns 71.3% of RBS, the other big bank rescued in 2008 In October 2008, amid post-Lehman pandemonium, Britain’s Treasury said it would pump £37bn (then $64.4bn) into three big banks: £20bn into the stricken Royal Bank of Scotland (RBS); the rest […]
London City Airport’s new digital air traffic control tower ‘safe from cyber attack’
Businessam StaffMay 19, 2017
London City Airport is to become the first UK airport to install a digital air traffic control tower. Air traffic controllers who have until now looked out from the tower to direct planes for take off and landing will be moved to a virtual control tower more than 80 miles away. Declan Collier, London City […]
May maps out bigger role for state in corporate Britain
Businessam StaffMay 19, 2017
Prime Minister Theresa May promised to clamp down on executive pay, give workers a say on strategy and make it harder for foreign firms to take over British ones, as she set out pre-election plans to give the state more influence over corporate Britain. May’s Conservatives have for decades encouraged a low-key approach to corporate […]
UK: Conservatives aiming to end budget deficit by mid-2020s
Businessam StaffMay 18, 2017
British Prime Minister Theresa May will aim to balance the country’s budget deficit by the middle of the next decade, according to a manifesto document listing her Conservative Party’s policy proposals ahead of a June 8 national election. The document said the Conservatives would stick with the existing fiscal plans of Chancellor Philip Hammond who […]