financializer news A weblog highlighting financial topics making news in the international media.

: But the new announcement fleshes out what Clinton would do as president, according to MSNBC. It comes as Clinton has faced a tougher-than-expected challenge from Sen. Clinton has spoken out against the Supreme Court 2010 *Citizens United* decision, which dramatically loosened campaign finance laws, since the first days of her presidential campaign. Bernie Sanders, who promises to lead a revolution against Wall Street and billionaires’ influence over the political system. The aim is to bolster the importance of low-dollar donations. And even among Republicans, who have traditionally been more hostile to campaign finance reform, Donald Trump has gained traction by campaigning against the influence of money in politics. * The one thing Donald Trump isn’t wrong about* The centerpiece of Clinton new plan is a program to provide small-donor matching funds to presidential and congressional candidates. (news.financializer.com). As reported in the news.

LDP president: The last LDP president to be re-elected uncontested was Abe mentor, Prime Minister Junichiro Koizumi, in 2001, according to Asahi Shimbun. The LDP presidential election officially began on Sept. 8, and it gave the only candidate a second term that will last until the end of September 2018. Seiko Noda, a former chairwoman of the LDP General Council, wanted to run against Abe, but she failed to come up with the recommendations of 20 Diet members required to run for the ruling party top post. We are in the midst of implementing the campaign platform that we presented for the Lower House election nine months ago, Abe told reporters on Sept. 8. Before the official acceptance of candidacy papers, the Abe camp held a ceremony at a Tokyo hotel, where the prime minister said: We are still part of the way to our goal. I believe the result reflects the feeling of many lawmakers who want to move forward with solidarity. (news.financializer.com). As reported in the news.

: But the central bank head of financial stability Luci Ellis warns that 24 years without a recession is an extraordinarily long time."Ultimately, it will happen and I guess it part of my job to make sure that the nation is resilient," she told a conference in Sydney on Tuesday, according to Nine News Australia. Consumer confidence tumbled nearly six per cent in the past week after a weak set of figures that took annual growth to just two per cent."The magnitude of the fall in confidence is concerning," said ANZ co-head of Australian economics Felicity Emmett, commenting on the ANZ-Roy Morgan weekly consumer sentiment gauge. At least the Reserve Bank agrees with Treasurer Joe Hockey that there is no immediate risk of a recession, despite the economy recording its slowest quarterly growth in two years. It was the largest weekly fall since around the middle of 2012 and leaves confidence below its monthly average stretching back to 1990. But business confidence has also taken a hit, although more in response to recent financial market ructions and concerns over the Chinese economic outlook given the timing of the monthly National Australia Bank business survey. Tuesday data came as Tony Abbott continued to trumpet his government achievements over the past two years."I can assure people around Australia that our plan is working," he told parliament. (news.financializer.com). As reported in the news.

Peter Foster: Boyle, 35, was fined $3500 for denying Foster involvement in the Sensa Slim company in a 2011 interview with investigators from the Australian Competition and Consumer Commission, according to Nine News Australia. Foster, a serial fraudster, has been banned from promoting weight loss products since 2005 and is now in jail for flouting the order. Former Sensa Slim director Michael Boyle fall from grace since buying into Peter Foster diet spray scam was detailed in the Federal Court in Brisbane on Tuesday. Boyle lawyer Ralph Devlin QC, acting pro bono, told the Federal Court his client was now earning $40,000 plus commission as a corporate adviser and had moved from Bondi, Sydney, to live with his in-laws in country NSW to save money."There have been multiple consequences for his gross lack of judgment," Mr Devlin said."He was a young man from a good family and all the best of prospects, and that not the case now."Mr Devlin said Boyle was introduced to Sensa Slim by a long-time friend who was dating Foster niece. But he later quit as director over concerns about Foster involvement, and says he was intimidated into lying to authorities about the conman links to Sensa Slim. The stockbroker invested a significant amount of money into the company in 2009 and agreed to become its face. (news.financializer.com). As reported in the news.

: That result was mainly due to a purchase by BIN Group, owned by the billionaire Gutseriyev family, of PNK-Chekhov, one of the largest industrial parks on the Russian market, Valentin Gavrilov, director of market research at CBRE Russia, told The Moscow Times, according to The Moscow Times. As well as investors, significant interest in warehouse property is being shown by retailers. Warehouse investments in Russia reached $250 million in the first eight months of the year, 10 times more than during 2014, according to a report by real estate firm CBRE issued last week. Their purchases in the first eight months of this year amounted to $280 million, which already exceeds the results of last year, according to CBRE report. With prices for logistics properties at historic lows, it is an excellent time to invest for businesses that have long-term plans to operate in Russia, Anton Alyabyev, director of the industrial and logistics department at СBRE Russia, said in the report. High activity on the warehouse market is apparently primarily driven by low prices. (news.financializer.com). As reported in the news.

: Recent opinion polls show Syriza in a dead heat with the opposition New Democracy, but with neither winning enough seats to form a government alone, meaning a coalition will almost certainly be needed to prevent a new election, according to The Toronto Star. We are seeking an absolute majority, Tsipras said during a news conference at a trade fair in the northern Greek city of Thessaloniki. Alexis Tsipras resigned last month, triggering early elections on Sept. 20 elections, barely eight months into his four-year term, following a rebellion by Syriza hardliners objecting to his agreement to tax hikes and spending cuts in return for a third international bailout. However, he said that if there was no outright winner, Greece will be governed because nobody will take the responsibility of leaving the country ungoverned. But months of painful negotiations with creditors collapsed in June, with Tsipras calling a referendum and urging voters to reject the creditors’ proposals for reforms. Tsipras came to power after winning January elections on promises to repeal the harsh austerity measures imposed for Greece first two international bailouts by other eurozone countries and the International Monetary Fund. (news.financializer.com). As reported in the news.

Royal London Asset Management: The investment firm, which manages a total of £83.4bn of assets, particularly singled out the attendance record of Ashley, who founded the company, according to The Guardian. We question how a board can effectively function when the executive deputy chairman fails to attend four board meetings, even if they are unscheduled, Hamilton Claxton said. Ashley Hamilton Claxton, corporate governance manager at Royal London Asset Management , which owns about £8.3m of Sports Direct shares, said: We have lost confidence in the board and are very concerned about the long list of corporate governance failings that have not been addressed. Related:Shareholder group issues 'red alert' warning on Sports Direct bonuses While RLAM shareholding is small – less than 1% of Sports Direct stock – the firm strong stance is the first sign that City investors are being swayed by growing criticism of the retailer practices. The union is demanding an end to Victorian labour practices at the Shirebrook warehouse, and want a commitment to pay the living wage, as calculated by independent analysts, of £7.85 per hour. Sports Direct also faces protests outside the meeting at its headquarters in Shirebrook and at 17 stores around the country by members of Unite dressed as Dickensian workers. (news.financializer.com). As reported in the news.

Zayn Jaffer Best Buy: The hottest new wearable devices aren't worn by humans, they're for our pets, according to CBC. Dozens of exhibitors showed off the latest technology for four-legged friends at this summer "We Are Wearables" conference in Toronto. Ignore the Apple Watch. And the market is growing quickly: Sales of the devices are expected to reach an estimated $2.6 billion US by 2025. "You can track activity of a dog — their sleep habits and patterns — you can even eventually feed a dog remotely through your phone," Zayn Jaffer of Best Buy, which carries some of the devices, told CBC News. It a small, dog bone-shaped device that mounts on a dog collar. Take the Fit Bark. (news.financializer.com). As reported in the news.

China: The drop left market watchers questioning how sustainable China efforts to support the yuan are, as capital flows out of the country due to fears of an economic slowdown and prospects of rising U.S. interest rates. "Frequent intervention will burn foreign reserves rapidly and tighten the onshore market liquidity," said Zhou Hao, senior economist at Commerzbank in Singapore, according to CBC. The offshore yuan weakened following the data release to trade at a record discount to the onshore rate, suggesting investors believe the official rate is being kept too high. China currency devaluation: What you need to know Globe spooked by Canada panda bear market: Don Pittis China reserves, the world largest, fell by $125 billion last month to $4.71 trillion , central bank data showed on Monday. There was relief, though, that the dip in reserves had not been larger, with some commentators predicting in the run-up to the announcement that the drop could be as much as $265 billion . Still, economists estimated that the fall was probably slightly above the $125 billion figure, given the positive impact of valuation changes as the dollar fell against major currencies. The decline in reserves has quickened following China near 2 per cent devaluation of the yuan on Aug. 11, which stoked fresh concerns about the economy and heavy selling of the currency. A large portion of China reserves are held in U.S. Treasuries. (news.financializer.com). As reported in the news.

gold prices: Gold for December delivery GCZ5, -0.12% slipped 60 cents, or 0.1%, to $1,120.80 an ounce, building on a 1.1% loss from last week, according to Market Watch. The contract shaved off $3.10 on Friday after the monthly U.S. nonfarm payrolls report offered a mixed picture of the health of the country labor market, with 173,000 jobs added to the economy in August. Market participants also cautiously waited for the closely watched the Federal Reserve meeting next week. The much awaited payrolls number failed to bring more clarity for market participants regarding what the Fed would do next week. In a sense, gold is currently in no-man land and investors are understandably hesitant to put on sizable positions ahead of the FOMC meeting next week, they added. The market ambivalence is reflected by gold prices lingering around the mid-point of the move in August, very close to the 50-day moving average, strategists at UBS said in a note. (news.financializer.com). As reported in the news.

sudden devaluation: China dollar reserves, by far the world largest, dipped $93.9 billion last month to $3.557 trillion, according to new data released by China central bank on Monday, according to Deutsche Welle. August was the fourth consecutive month reserves fell, putting the figure at its lowest level since August 2013. The cause: Beijing sold dollars to buy yuan, in an effort to support the value of its own currency following worries over a sudden devaluation. In previous years, China government had bought dollars to slow the appreciation of the yuan. That move, coupled with wild swings on the Shanghai stock exchange, fueled fresh concerns about the Chinese economy, causing jitters in markets around the world. Jittery markets The drop in the central bank foreign exchange reserves left market analysts questioning how sustainable China efforts to support the yuan are, as capital flows out of the country due to fears of an economic slowdown and prospects of rising US interest rates. 0:00:00 0:00:00China seeks to reassure markets The decline follows a nearly two percent devaluation of the yuan on Aug. 11, which prompted heavy selling of the currency. (news.financializer.com). As reported in the news.

currently trading: During the two-day bearish streak, the main index has lost 1,502.99 points and was currently trading 9.07 percent below its all-time peak of 36,228.88 points which it achieved on August 6, 2015, according to Xinhua China. The KSE All Share Index plunged by 2.66 percent or 631.75 points to 23,105.02 points, the KSE 30-Index sank by 2.96 percent or 611.37 points to 20,016.46 points, whereas the KMI 30-Index depleted by 3.18 percent or 1,794.26 points to 54,574.23 points. The benchmark KSE 100-Index slumped by 2.79 percent or 946.60 points on Monday when compared with 32,944.48 points recorded on Friday. During Monday trading session, the key index touched an intraday high of 33,891.08 points when compared with 32,760.76 points reported on Friday. The market capitalization reduced by 2.81 percent or 206.100 billion rupees to 7.136 trillion rupees while the trading value improved by 11.01 percent or 1.055 billion rupees to 10.648 billion rupees . Among 375 active scrips on Monday, prices of 332 issues traveled southward, only 34 managed to keep the northward voyage, whereas values of 9 other companies stayed stable at previous week level. Market volumes shrank by 5.42 percent or 12.525 million shares to 218.485 million shares on Monday when compared with 231.011 million shares witnessed on Friday. (news.financializer.com). As reported in the news.

nuclear power plant: Then in autumn 2013, Seoul expanded the scope of the ban to include all marine products from these prefectures, according to Asahi Shimbun. The Japanese government responded to the move by criticizing the measure for lacking a scientific basis. Following the accident at the Fukushima No. 1 nuclear power plant, South Korea banned imports of some marine products caught in waters off Fukushima and seven other prefectures, mainly areas along the Pacific coast between Aomori and Chiba prefectures. Tokyo has been demanding that the measure be withdrawn while cooperating with Seoul investigations. More than a dozen countries and areas have barred imports of all or part of Japanese-made foods, but the government has singled out South Korea because the country has expanded its restrictions. But the two countries have failed to resolve their disagreements, and Japan has asked the WTO to set up a dispute-settlement panel comprising experts from third countries to rule over South Korea import ban. (news.financializer.com). As reported in the news.

: Experts said outdated infrastructure and investment shortage still blocked the development of the Far Eastern regions, according to Xinhua China. Also, considering the differences in legislation, economic environment and mechanism, both China and Russia should join efforts in the coordination of customs and quarantine inspection procedures. The three-day EEF, which ended Saturday, is an annual event proposed by Russian President Vladimir Putin to speed up the development of eastern Russia and expand multilateral cooperation in the Asia-Pacific region. According to the experts, Russia labor import quota is another problem waiting to be solved, which directly weakens the business conditions of Chinese companies in the country. As the largest but less populated region in Russia, the nine Far Eastern federal districts enjoy rich natural resources of mineral, forest, fishing and so on. However, despite the challenges, participants still depicted a quite promising blueprint of China-Russia cooperation in the Far East development. (news.financializer.com). As reported in the news.

collaboration space: He said the forum, supported by Venice Days and Xinhua, an event at the film festival aiming to draw attention to high quality cinema, looked "extremely interesting" to him. "Italy and China are trying to deepen their collaboration in the cinema field, and therefore I wanted to participate in this forum," he said. "I myself made a little work some years ago in Beijing and it was a wonderful experience," he added, according to Xinhua China. Tornatore wished collaboration between the two countries will be further enhanced, because "the Italian cinema has an important history, but the Chinese one is extraordinary and is going through a period of great force and energy, thus it would be beautiful to find new collaboration space." He noted there are not many other countries in the world in which new cinema theaters are continuously opening. "Usually what happens is the contrary, therefore for cinema lovers like me China today looks like a wonderland, with countless audiences and thousands of cinema theaters and a really important market strength," he pointed out. "Therefore we have many things to learn from China and likely also many things to teach to China, in fact I believe the Italian and Chinese have several points of mutual attraction," Tornatore went on saying. Tornatore, Oscar winner for best foreign language film in 1990 for his film Nuovo Cinema Paradiso , told Xinhua in an interview that he is interested in collaborating with China cinema. "Though nothing concrete has been decided yet, there are ongoing talks," he said. The director told Xinhua he was particularly hit by the "spectacular nature" and capacity of Chinese cinema to give films the "expressiveness" they need. "Chinese directors manage to be spectacular when they tell spectacular stories and manage to be minimalist when they tell minimalist stories. He also noted that Chinese films are very much linked to their home country culture. "Even when they are fantasy films, you can feel there are always the roots of Chinese history and culture below them, which is a very important characteristic of Chinese cinema that makes it very recognizable, very personal," he explained. That is to say that they manage to do films in the way films need to be, differently from less rich cinema industries where you feel that films are somehow forced to be a little different from their nature," he underlined. (news.financializer.com). As reported in the news.

: Kerry was incredibly private about his generosity to countless charities, organisations and people," Ros Packer said in a statement on Monday, according to Nine News Australia. She said her late husband supported the unit by "ensuring it had the physical and financial resources to transport organs by air around the country."During his life, Mr Packer, who died in 2005, donated millions of dollars to charitable causes, ranging from the building of new hospital wings to individuals who had fallen on hard times. The Packer Family Foundation and Crown Resorts Foundation announced the multimillion dollar funding to help the hospital conduct long-distance organ retrievals over the next 10 years."This partnership with St Vincent was initiated over 30 years ago by my late husband Kerry and his close friend the late Dr Victor Chang. Following the heart attack he suffered in 1990, Mr Packer made a $2.5 million donation to the NSW Ambulance Service. Then after his life-saving kidney transplant in 2000 from his helicopter pilot, Nicholas Ross, Mr Packer launched an organ transplant association, the David Hookes Foundation, in honour of the cricketer.© AAP 2015Email your news tips Do you have any news photos or videos Career News: Five of the best work from home roles - seeklearning.com.au Property news: How much has your home worth risen in the past month - realestate.com.au Career news: Four careers that make a difference - news: Jimmy and Nadia Bartel incredible hillside Geelong home - realestate.com.au Career news: Have a great job How to find a better one - seek.com.au (news.financializer.com). As reported in the news.

China Communist: The new number remains the lowest Chinese expansion rate since 1990 - when growth plummeted to 3.9 percent - and comes after more than two decades of double-digit growth that made China a key driver of the world economy, according to Deutsche Welle. Finance minister Lou Jiwei told a G20 meeting of finance ministers and central bank governors in Ankara at the weekend that the economy had entered a "new normal". Growth was "expected to remain at around seven percent and the situation may sustain for four to five years", he said. 0:00:00 0:00:00Emerging economies from boom to bust Chinese growth slowed in the first two quarters of this year, reaching an annualized 7.0 percent in both periods. The authority said on its website on Monday, the downward revision was a "preliminary confirmation," with a final confirmation coming in January 2016. China Communist rulers are currently trying to change economic policy, aiming to replace investment- and export-driven growth with a more sustainable model based on domestic consumption. Property prices and transaction volumes also rose, it said in a statement Monday, predicting the economy was "able to achieve the full-year expansion target" of around seven percent. No worries Nomura International analyst Wendy Chen said Monday GDP correction was largely related to service sectors, which were key to the overall transition but had lower growth than earlier figures showed. "This means China economic structure did not improve as well as expected", she told the news agency AFP. The National Development and Reform Commission, China top economic planning agency, played down growth concerns, saying electricity consumption and railway cargo transport improved in August. (news.financializer.com). As reported in the news.

: Germany DAX added 3.1 percent, France CAC-40 rose 2.8 percent and Britain FTSE 100 rose 2 percent, according to Deutsche Welle. In New York, too, the Dow gained more than 1 percent on the news. European markets rallied but the euro fell 1 percent to $1.1100 after bank President Mario Draghi announced lower growth and forecasts and said more stimulus could be on the cards if inflation failed to pick up in the eurozone. Following a board meeting in Frankfurt, Draghi said the bank would leave rates unchanged for now. If that happened, he said, the bank would step in with a longer and more robust bond-buying program than its current 1.1-trillion-euro quantitative-easing program, which spends 60 billion euros in newly printed money on government bonds every month and is curently scheduled to run until next September. "Our asset purchase program continues to proceed smoothly," Draghi said, adding that no one on the bank Governing Council had argued for it to be increased at present. But he warned a further slowdown was possible, which he blamed on a weakness in emerging markets. (news.financializer.com). As reported in the news.

: But Patrick Legland, Societe Generale global of head of research, says the selloff in developed equity markets has gone too far and offers up three reasons to hold tight while the bears rage, according to Market Watch. Read: Get ready for a lousy September as investor sentiment slips Blame China for international fears pecking away at investor sentiment. Losses have been driven by international worries, which are outweighing some more-positive domestic signs. On Monday, as U.S. investors enjoyed a Labor Day holiday, the world second-biggest economy cut its 2014 growth rate to 7.3% from 7.4%. That news weighed on the Shanghai Composite SHCOMP, +2.92% which closed down 2.5%, despite soothing comments from the governor of China central bank that the country own stock swoon won’t last much longer. The difference this time is that the economy is slowing — Soc Gen economists expect growth of 6.9% in 2015 and 6% in 2016. Legland says Chinese equities are indeed in a bubble, just like the one that led to a meltdown in 2007. (news.financializer.com). As reported in the news.

Trading volume: All but the oil and gas SXEP, +2.22% sectors finished higher, according to Market Watch. Energy shares felt the pull of U.S. oil prices CLV5, -1.82% and Brent crude futures LCOV5, +2.18% which each fell by more than 3%. Trading volume was lower than usual as the U.S. energy market was closed for the Labor Day holiday. The Stoxx Europe 600 SXXP, +1.98% picked up 0.5% to 354.81, but pared bigger gains. Equity markets there were also closed. Shares jumped 7% after the miner and commodities trader said it undertaking measures aimed at reducing net debt by about $20 billion. Glencore PLC GLEN, +2.31%GLCNF, -5.03% ended near the top of the Stoxx 600. (news.financializer.com). As reported in the news.

: The drop left market watchers questioning how sustainable China efforts to support the yuan are, as capital flows out of the country due to fears of an economic slowdown and prospects of rising U.S. interest rates. "Frequent intervention will burn foreign reserves rapidly and tighten the onshore market liquidity," said Zhou Hao, senior economist at Commerzbank in Singapore, according to CBC. The offshore yuan weakened following the data release to trade at a record discount to the onshore rate, suggesting investors believe the official rate is being kept too high. China currency devaluation: What you need to know Globe spooked by Canada panda bear market: Don Pittis China reserves, the world largest, fell by $125 billion last month to $4.71 trillion , central bank data showed on Monday. There was relief, though, that the dip in reserves had not been larger, with some commentators predicting in the run-up to the announcement that the drop could be as much as $265 billion . Still, economists estimated that the fall was probably slightly above the $125 billion figure, given the positive impact of valuation changes as the dollar fell against major currencies. The decline in reserves has quickened following China near 2 per cent devaluation of the yuan on Aug. 11, which stoked fresh concerns about the economy and heavy selling of the currency. A large portion of China reserves are held in U.S. Treasuries. (news.financializer.com). As reported in the news.

nuclear power plant: Then in autumn 2013, Seoul expanded the scope of the ban to include all marine products from these prefectures, according to Asahi Shimbun. The Japanese government responded to the move by criticizing the measure for lacking a scientific basis. Following the accident at the Fukushima No. 1 nuclear power plant, South Korea banned imports of some marine products caught in waters off Fukushima and seven other prefectures, mainly areas along the Pacific coast between Aomori and Chiba prefectures. Tokyo has been demanding that the measure be withdrawn while cooperating with Seoul investigations. More than a dozen countries and areas have barred imports of all or part of Japanese-made foods, but the government has singled out South Korea because the country has expanded its restrictions. But the two countries have failed to resolve their disagreements, and Japan has asked the WTO to set up a dispute-settlement panel comprising experts from third countries to rule over South Korea import ban. (news.financializer.com). As reported in the news.

stock market: Investors in China returning to their trading desks after a long weekend reacted to falls in stocks in the US and Europe on Friday, according to The Guardian. The sell-off pushed the Shanghai and Shenzhen CSI 300 index down by 3.4%, leaving the wider Shanghai composite index down by 2.5%. It came despite the country central bank governor, Zhou Xiaochuan, trying to calm nerves, arguing that the correction in the stock market is almost done . He predicted markets would be more stable after weeks of turbulence. The $94bn fall in central bank reserves was the biggest on record, although in percentage terms it was the biggest for three years. His message was reinforced by China top economic planning agency, which declared that the economy growth prospects were improving. Beijing also received a show of international support over the weekend. The NDRC said: The power usage, rail freight, as well as real estate prices and turnover have all improved into August, indicating the economy is stabilising amid fluctuations. (news.financializer.com). As reported in the news.

: She says the economic strength and wellbeing of the world is centred on the education of girls."It is morally just and right to educate girls," Ms Gillard told a free public lecture at the University of Adelaide on Monday."It can also be looked at through a security lens."There is a reason that terrorists violently target the education of girls."Women empowerment is the antithesis of their brutal ideology of subjugation and sexual slavery."All tickets for Ms Gillard lecture were snapped up within minutes, prompting the university to stream it live on the internet and to also show it on a large screen on the lawns outside, according to Nine News Australia. It was the former prime minister second lecture at the university since her departure from politics and since being appointed a visiting professor. She says while improvements have been made, more resources are needed for education programs to help children in developing countries and described it as "truly tragic" that aid donations for education had fallen in recent years. Civil engineering student Laura Rossi described the lecture as a "real eye opener"."She been touching on a lot of topics regarding universal education and particularly education of girls in developing countries," Ms Rossi said. Indian student Sushrut Kulkarni said major changes were needed to give women better access to professional degrees including engineering."I wouldn't say they are male dominated but it still has vestiges of what it was before," he said.© AAP 2015South Australia Email your news tips Do you have any news photos or videos Career News: Five of the best work from home roles - seeklearning.com.au Property news: How much has your home worth risen in the past month - realestate.com.au Career news: Four careers that make a difference - news: Jimmy and Nadia Bartel incredible hillside Geelong home - realestate.com.au Career news: Have a great job How to find a better one - seek.com.au High school teacher and University of Adelaide graduate Jenny Liu said gender equity in education was also an issue in her home country of China. (news.financializer.com). As reported in the news.

venture capital financing: The UK was ranked fourth globally, behind the US, China and India, when investors were asked to name their first-choice investment destination, leaping over Brazil to move one place up the rankings from the previous year, according to The Guardian. This raises two important questions. London & Partners, the mayor promotional company, recently announced that London technology companies received a record-breaking £1.5bn in venture capital financing in the first six months of the year, and EY 2015 UK attractiveness survey of more than 400 investors highlighted once again that the UK is the first-choice investment destination in Europe. The second is what needs to happen to continue the trend and ensure the rest of the UK benefits. The capital is also within one hour travel of four of the world top 10 universities: Cambridge, Oxford, Imperial and University College London, with 20,000 students undertaking computer science as a study focus. But let start by focusing on the first: what has driven London success World class talent According to London & Partners, London has 155,600 digital tech professionals from across the globe. (news.financializer.com). As reported in the news.

private investors: It will join a network of 323 locations in 89 countries, started in 1970 with the inauguration of the first World Trade Center in New York City, according to CNN. Funded by local and foreign financial institutions, as well as private investors, to the tune of 200 billion Nigerian Naira, or just over $1 billion, the WTC Abuja will be the largest mixed-use development in West Africa. The development is expected to open to the public early next year after the completion of the first phase of construction. Read this: Nigeria answer to Dubai Well connected WTC Abuja has been under development since 2010, on a lot spanning over six million square feet in the Central Business Area of the capital. World Trade Center Association Timeline1939: The World Fair in Queens, NY, names its grounds "World Trade Center"1961: The NY Port Authority approves the WTC project1969: the non-profit, non-political organization is founded in New York1970: The first 15 members meet in Tokyo1973: The WTCA moves to the 77th floor of the WTC in New York2015: the network reaches 323 members in 89 countries and connects 750,000 companies and entrepreneurs For business tenants, though, the most important connections will be those with the global network of 750,000 entrepreneurs that make up the World Trade Centers Association . "One of the missions of WTC Abuja is to improve trade relations between Nigeria and the rest of the world," Vinay Mahtani, CEO of the site developer, Lagos-based Churchgate Group, told CNN. "For example, it will enable international businesses to make investments in our community. The location offers easy access to the city center and the airport, with a dual-carriage highway surrounding the site and a new light rail system currently under construction. (news.financializer.com). As reported in the news.