1 July 2019 - 7 July 2019

3rd July 2019
Gold investment

Rise in Gold Investment

The Story The price of gold has reached its highest in six years – climbing as high as $1,398.00 per ounce last Friday. Investors have turned to gold as a safe-haven asset (an asset which holds or increases its value during periods of market and economic uncertainty) amid increasing concerns about the health of the global economy. Recent developments such as the weaker US dollar and the fall of the ten-year US […]
3rd July 2019
US China Trade Truce

US-China Trade Truce at the G-20 Summit

The Story Last Friday and Saturday, world leaders met to discuss pressing global economic and financial issues at the annual G20 summit. The summit ended with the US postponing further tariffs on Chinese goods and lifting some restrictions on Huawei. In return, China agreed to buy more US agricultural products. Impact on Businesses and Law Firms The markets are happy. Stock markets around the world rose sharply, with the S&P […]
3rd July 2019
British Steel

The bid for British Steel and problems facing the Steel Industry

The Story On Sunday evening the deadline for bids to purchase British Steel past. The company collapsed in May after its owner, Greybull Capital, failed to secure a government loan of £75 million. If a buyer is not found then the company will be wound up. Although, an official announcement of the bids is yet to be released, newspapers have mentioned companies such as Liberty Steel, India’s JSW and China’s […]

24 June 2019 - 30 June 2019

26th June 2019
European Central Bank interest rates

European Central Bank’s Effort to Stimulate the European Economy

The Story Last Tuesday, Mario Draghi, the current President of the European Central Bank (ECB), stated that the ECB is considering cutting interest rates or buying more eurozone government bonds to stimulate the eurozone economy. Eurozone inflation dropped from 1.7 percent in April to 1.2 percent in May, the weakest rate for the year. This shows a clear struggle to meet the 2% inflation target set by the ECB. The […]
26th June 2019
Federal Reserve

The Federal Reserve and Interest Rates

The Story Donald Trump has continued his assault upon the Federal Reserve (The Fed) this week by criticising its decisions to increase interest rates several times since 2015, despite the US economy being set to achieve its longest expansion in history on 1 July 2019. Rates were raised four times in 2018 and Trump has stated that he believes the stock markets would have been much stronger and that the […]
26th June 2019
Slack's IPO

Slack’s Unconventional Listing

The Story A second major tech company successfully joined the public markets last week through an unconventional listing. Slack, which provides workplace instant messaging software, followed Spotify in opting for a direct listing instead of a traditional IPO. The company’s shares soared on its first day of trading on the New York Stock Exchange. Impact on Businesses and Law Firms Slack’s successful stock market debut is further validation that a […]
26th June 2019
Us Iran tensions

US-Iran Tensions

The Story Tensions between the US and Iran have been on the rise since President Trump pulled out of the 2015 nuclear deal in May 2018. The Trump administration has since increased economic sanctions on Iran’s oil exports, industrial metals, and petrochemical companies. The US hopes increased economic pressure will drive Iran to accept a stricter agreement. However, Iran has pushed back and last week Tehran shot down a US […]
26th June 2019
facebook libra cryptocurrency

Facebook’s Global Cryptocurrency

The Story Last Tuesday, Facebook announced plans to launch a new digital cryptocurrency, called Libra – which is set to be introduced in 2020. By way of background, Libra will be a global currency and would work on the blockchain (the distributed ledger technology). However, unlike other cryptocurrencies like bitcoin, the value of the Libra coin would be linked to a ‘basket’ of bank deposits and short-term government securities. Also, […]
26th June 2019
Hong Kong Protest

Hong Kong’s Protest

The Story Last week, Hong Kong were swarmed by one of the largest demonstrations the country has ever experienced. T he chief purpose of the protest is to demand the HK government to withdraw a controversial extradition bill that allows criminal suspects to be extradited to mainland China, Taiwan or Macau. This puts Hong Kong residents at the risk of being entrapped in China’s legal system. This is a concern […]