Hints and tips:
...Unions reacted with outrage, while some of Macron’s left-leaning MPs have also questioned the fairness of such a move....
...S&P ranks BP’s long-term credit as A minus compared with Shell’s A plus, raising the cost of financing for the company....
...The UK government’s top infrastructure adviser has hit out at a drive to push pension schemes to invest more in Britain, saying there is “no reason” funds should have a home bias....
...Kirstine Lund Christiansen, head of ESG at the Danish pension fund P+ and a client of Federated Hermes, said it was “very positive” that the asset manager had decided not to renew its sponsorship of the...
...Spending on healthcare and local governments will be protected from the cuts, said Le Maire. A revised budget could be proposed in the summer if more savings are needed....
...Sir John Armitt, chair of the National Infrastructure Commission, has hit out at a drive to push pension schemes to invest more in Britain, saying there is “no reason” funds should have a home bias....
...I’ve got no plans to move. I love what I do and a succession plan will evolve when I leave but I’m going to leave with a fight . . . with whatever is pulling me away.”...
...The recent passage of a constitutional amendment to simplify the country’s complex tax system was broadly welcomed as a step in the right direction, with S&P upgrading Brazil’s sovereign rating one notch...
...begins a final appeal in London against extradition to the US UK: National Farmers Union annual conference begins in Birmingham, entitled British food — what plan for the future Wednesday Brazil: G20...
...“So having any kind of fixed allocation suggests putting another objective above the [pension] trustees’ focus, which is risk-adjusted returns.”...
...In April, it accelerated plans to bring public deficits back under the target set by the EU of 3 per cent of national output by the end of 2027....
...The answer was no, but we have seen something of a slow burn since then....
...Strategic shift Several Chinese automakers have announced plans to start manufacturing in Europe, emphasising job creation in hopes of reassuring local authorities increasingly worried about the influx...
...PCS members at the British Library resume their strike, joined by British Museum workers later in the week, part of a national campaign by the union over pay, pensions, job security and redundancy terms....
...In particular, the S&P 500 index. “The Nikkei 225 has been rising quite a bit, so some people are taking a positive view of it,” says Kuniyama. But he notes the disproportionate appeal of the S&P 500....
...Things are moire complicated still across the Channel for Emmanuel Macron, where further strike action over his pension reforms may be the least of his worries, given the vote of no confidence his party...
...Pension trustees have a legal responsibility to deliver the best returns for pension holders — it’s their money after all....
...This is partly a response to the demands of their limited partners — the hedge funds, pension funds and other institutional investors on which they rely for funding....
...The S&P 500 and the Euro Stoxx 600 indices are up about a quarter since the start of October....
...As well as junior doctors and Amazon staff, over 70,000 members of the Universities and College Union begin three days of industrial action over pay, pensions and working conditions....
...Also, driving examiners who are part of the Public and Commercial Services (PCS) union begin a programme of rolling strikes over pay, pensions and jobs....
...slowly and servicing a local market....
...In March, building materials behemoth CRH set out plans to shift its shares to the US, where it generates most of its profits....
...Biden is preparing to warm up his domestic audience with the annual State of the Union address before a joint session of Congress on Tuesday....
...Separately, PCS Driver and Vehicle Licensing Agency (DVLA) staff will strike as part of a national campaign over pay, pensions, job security and redundancy terms, but the University and College Union as...
International Edition