Archive for the ‘UK economy’ Category
Posted by seumasach on October 22, 2015
It will be interesting to learn more about this new financial centre.
China Builder Revives $2.6 Billion London Project After Xi Visit
22nd October, 2015
Chinese developer ABP (China) Holdings Group Ltd. has brought in a unit of state-backed Citic Group as an investor in a project to transform London’s Royal Albert Dock into a financial center after the estimated cost surged and work was delayed.
Posted in Multipolar world, UK economy | Tagged: China-UK comprehensive strategic partnership | Leave a Comment »
Posted by seumasach on October 21, 2015
Britain can’t ignore this reality
19th October, 2015
Who would have guessed just three years ago that the David Camerongovernment would be the author of the boldest change in British foreign policy since the second world war? That is exactly what is now unfolding.
Posted in Multipolar world, UK economy | Tagged: China-UK comprehensive strategic partnership, Chinese soft power, special relationship with China | Leave a Comment »
Posted by seumasach on May 3, 2015
2nd May, 2015
Aren’t financial assets “simply pumped up by printed money?” Don’t share prices “need to adjust downward by something like 50pc?” Is it “really the case that if Greece leaves monetary union, other countries won’t follow?” It must “surely be wrong to try solving a debt problem by taking on even more debt?”
Posted in Financial crisis, UK economy | Tagged: bankrupt Britain, End of empire, no more bailouts | Leave a Comment »
Posted by seumasach on April 14, 2015
“The investment is a strategically important beginning for our exploration in the European market,” Li Huaizhen, Minsheng’s CEO, said in Shanghai
15th February, 2015
A Chinese investment firm has announced it is to invest £1bn in a homegrown development project to create a third financial district in east London.
Posted in UK economy | Tagged: Chinese soft power, End of empire, The Great British Sell-Off | Leave a Comment »
Posted by seumasach on April 12, 2015
12th April, 2015
Every man, woman and child in Britain is more than £3,400 in debt – without knowing it and without borrowing a single penny – thanks to the proliferation of controversial deals used to pay for infrastructure such as schools and hospitals.
Posted in Financial crisis, UK economy | Tagged: bankrupt Britain, private finance initiative | Leave a Comment »
Posted by seumasach on April 6, 2015
19th September, 2010
‘Britain’s ability to continue with nuclear weapons without US support becomes very slim to the point of invisibility”, the Conservative defence specialist Dr Julian Lewis MP admitted in 2005 when addressing a conference in Whitehall. Indeed, British nuclear weapons rely on “American goodwill” according to Colin Gray, a strategist favoured by both President Bush Snr and Mrs Thatcher.
Posted in Global peace process, UK economy | Tagged: End sanctions against Russia!Scrap Trident!, global demilitarization | Leave a Comment »
Posted by seumasach on March 23, 2015
Here is confirmation of China’s potential world leadership. From now on, China has internationalized its “soft power” and these institutions will become truly global in their scope. Why else would “developed countries” like Britain be so desperate to join them- to make sure they live up to our own exacting standards of financial probity?If capital investment coming into Britain comes through banks of which we are founding members things become a lot easier politically
20th March, 2015
The BRICS New Development Bank (NDB), the Asian Infrastructure Investment Bank (AIIB), and the Silk Road Fund are all international initiatives spearheaded by China over the past months that symbolize Beijing’s growing influence in providing development funding and potential new sources of financing for developing countries.
Posted in Multipolar world, UK economy | Tagged: Asian Infrastructure Investment Bank(AIIB), BRICS New Development Bank (NDB), Silk Road Fund | Leave a Comment »
Posted by seumasach on March 14, 2015
13th March, 2015
Overlooking US censure, the UK has announced its decision to join China’s Asian Infrastructure Investment Bank, becoming the first “major western country” to apply for membership.
“I am delighted to announce today that the UK will be the first major Western country to become a prospective founder member of the Asian Infrastructure Investment Bank, which has already received significant support in the region,” said UK Finance Minister George Osborne on Thursday.
Posted in UK economy | Tagged: China-UK comprehensive strategic partnership | Leave a Comment »
Posted by seumasach on February 26, 2015
“The performance was better than expected, comparing to a £9bn loss in 2013, in a boost to the Treasury’s hope of selling off part of its stake at some point.”
26th February, 2015
Royal Bank of Scotland lost £3.5bn last year, its seventh-consecutive year without a profit, meaning the bank has lost around £50bn in total since 2008, when it was bailed out.
Posted in UK economy | Tagged: bankrupt Britain, failing banks | Leave a Comment »
Posted by seumasach on December 18, 2014
18th December, 2014
A senior British energy official says the UK’s oil industry is “close to collapse” due to a recent dramatic fall in crude prices.
“It’s close to collapse. In terms of new investments – there will be none, everyone is retreating, people are being laid off at most companies this week and in the coming weeks,” said Robin Allan, the chairman of the independent explorers’ association Brindex.
He added that the plunge in oil prices pushed the industry into “crisis” and oil companies are cutting staff and investment to save money.
Posted in UK economy | Tagged: oil bubble, oil price war | Leave a Comment »
Posted by seumasach on December 16, 2014
15th December, 2014
The tumbling oil price has led to a trebling of insolvencies among UK oil and gas services companies so far this year, while £55bn of further oil projects reportedly under threat.
Posted in UK economy | Tagged: bankrupt Britain, oil bubble | Leave a Comment »