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Monday, February 18, 2019


How the hell the internal control systems and auditors didn't spot any of this is beyond me!

Thursday, February 14, 2019

Monday, February 11, 2019

Economy Stagnates As Politicians Fail To Resolve Brexit Uncertainty

Wednesday, February 06, 2019

Interserve Shareholders Wiped Out, Control Handed To Banks

Friday, January 25, 2019

Other Countries Would Kill For China's "Low" Growth

Tuesday, January 22, 2019

UK Employment Hits Record High

The number of people in work in the UK has reached a record high of 32.54 million, latest figures from the Office of National Statistics show.

Unemployment was flat, with a small increase of 8,000 between September and November for a total of 1.37 million.

"The share of the population in work is the highest on record," said David Freeman, ONS head of labour market.

"The share of the workforce looking for work and unable to find it remains at its lowest for over 40 years."

Average earnings excluding bonuses increased by 3.3% in the year to November, as wage rises continued to outpace inflation.

Wednesday, January 16, 2019

Inflation Falls To Lowest Rate in Two Years

UK inflation rate (excluding owner occupiers' housing costs) fell to 2.1% in December, from 2.3% the previous month, according to the Office for National Statistics (ONS).

The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.0% in December 2018, down from 2.2% in November 2018.

The largest downward contributions to change in the 12-month rate came from falls in petrol prices and from air fares, where ticket prices rose between November and December 2018, but by less than a year ago.

Given this and the ongoing Brexit uncertainty there is no way that the Bank of England will raise rates.

Wednesday, December 19, 2018

Wednesday, December 12, 2018

China Retaliates For Huawei

China has detained a former Canadian diplomat at a time of growing tension between the two countries over the arrest of a Chinese executive accused of violating sanctions.

Michael Kovrig, who had served Canada in Beijing, Hong Kong and at the UN in New York, is now a senior adviser for the International Crisis Group (ICG), which researches conflict prevention.

I warned that China would retaliate a few days ago.

Trump Tries To Ease Chinese Tensions

Friday, December 07, 2018

Paris Is Hot!

America The Stupid - The Huawei Idiocy "Tactic"

In the event that America is thick enough to pursue this "tactic", they will find PDQ that many American executives currently in China and related territories will be placed under arrest on all sorts of charges.

This is a policy destined to not only fail, but make things worse!

Thursday, December 06, 2018

O2 Has Crashed

O2 has crashed, and is blaming a global software problem for a network outage that has left frustrated customers without access to the internet and 4G services.

Millions of customers are believed to have been affected in the data blackout, which is also impacting customers of Sky Mobile, Tesco Mobile, Giffgaff and Lycamobile who use O2's service.

China Will Retaliate For Huawei

The arrest of Huawei CFO Wanzhou Meng (also deputy chairwoman and the daughter of Huawei’s founder) will throw a spanner into the brief outbreak of sanctions peace between the USA and China.

As I noted earlier today, Huawei is regarded as a security risk (because it is Chinese) and as such part of the "Great Game" being played out between the USA and China for global dominance. Hence, there will be Chinese countermeasures for this.