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

analysis extras: It came as Labour MPs from Leave-backing areas dismissed Theresa May's Brexit bribe of 1.6bn for run down towns, saying their vote is not for sale . ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true, according to The Independent. You can form your own view. Labour grandee Dame Margaret Hodge had tabled a cross-party amendment to the Financial Services Bill, which would have compelled UK overseas territories to be more transparent about business ownership. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. Labour's shadow transport secretary Andy McDonald said He leaves a trail of destruction in his wake, causing chaos and wasting billions of pounds yet he shows no contrition the transport secretary has become an international embarrassment. Subscribe now Shadow chancellor John McDonnell said it smacks of desperation from a government reduced to bribing MPs to vote for their damaging flagship Brexit legislation . Beleaguered transport secretary Chris Grayling also came under fire on Monday for failing to personally answer questions from MPs about the botched Brexit ferry contracts. (news.financializer.com). As reported in the news.

dozen engineers: Co-developed EVs will be sold under their respective brands, the sources said, according to The Japan Times. The two companies have been working together on interior and exterior equipment for EVs, with Subaru sending several dozen engineers to Toyota. The joint production of a midsize car is an expansion of their collaboration in recent years in the development of basic EV technology. ; Subaru, of which Toyota is a top shareholder, is set to freeze its own EV development project due to the large cost of going it alone, deciding to gain experience from working with Toyota first, according to the sources. With the transition from conventional vehicles to EVs expected to occur slowly, many automakers are choosing to develop EVs by forming a partnership to share investment and other resources. Volkswagen and Ford Motor Co. have joined hands for EVs and autonomous vehicles. Toyota has led the industry in the area of hybrid vehicles but is said to be lagging behind rivals in the race to commercialize mass-market EVs. (news.financializer.com). As reported in the news.

index comp: How did stock benchmarks fare The Dow Jones Industrial Average DJIA, -0.05% fell 206.67 points, or 0.8%, to 25,819.65, the lowest since Feb. 14, according to Market Watch. During the session, the Dow was down as much as 415 points and up 129 at its peak for an intraday range of more than 500 points. Concerns that stocks are becoming too expensive on the back of a two-month rally from December lows also weighed on sentiment. The S&P 500 index SPX, -0.11% shed 11.07 points, or 0.4%, to 2,792.62, and the Nasdaq Composite Index COMP, -0.02% dropped 17.79 points, or 0.2%, to 7,577.57. Media reports also said the pact would end most U.S. tariffs levied against China in exchange for the latter following up on its own promises to allow in more U.S. exports, among other measures. Read Don't write off stocks just yet because the market has what it takes to hit new peaks What drove the market The Wall Street Journal reported that Washington and Beijing could reach a trade deal as soon as this month. (news.financializer.com). As reported in the news.

investment: Debates erupt frequently about what constitutes a socially responsible company or what screening criteria to use or not use . Clashes even occur over the nomenclature, with some favoring sustainable investing and others preferring ESG environmental, social and governance investing or impact investing, according to Market Watch. With everybody defining things how they want to see it, you have this massive amount of confusion, said William Burckart, president and chief operating officer of the Investment Integration Project. But achieving that goal is not as simple as it sounds. It's still the somewhat early days in this industry. With an ever-growing number of consultants and investment firms offering screenings and ratings, it's hard to identify which stocks or mutual funds pass muster. Perhaps the biggest debate is what qualifies as a socially responsible investment in the first place. (news.financializer.com). As reported in the news.

market gauge: On Friday, it advanced 217.53 points. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, finished 11.87 points, or 0.73 percent, higher at 1,627.59 after adding 8.06 points Friday, according to The Japan Times. Sentiment improved after The Wall Street Journal reported Sunday that U.S. President Donald Trump and Chinese President Xi Jinping will meet, probably around March 27, to ink a formal trade agreement. The key market gauge gained 219.35 points, or 1.02 percent, to end at 21,822.04, its best finish since Dec. 5. Higher U.S. equities on Friday and the dollar's advance against the yen also lifted sentiment, brokers said. But Miura said that investors may be too optimistic about the course of U.S.-China trade talks, citing the failure to reach an agreement at last week's summit between Trump and North Korean leader Kim Jong Un. Yutaka Miura, senior technical analyst at Mizuho Securities Co., attributed some of Monday's gains to a rise of over 100 points in U.S. Dow Jones Industrial Average futures in off-hours trading as well as the strength of Chinese stocks following the report about a potential trade deal between the world's two largest economies. (news.financializer.com). As reported in the news.

canadian officials: Court documents reviewed by The Guardian and Computer Weekly show that Sandberg told EU and Canadian officials that if she did not receive assurances from them, the tech giant would consider other options for future investment and growth, according to The Guardian. Although Canada gave her their written assurance later that same day, a Facebook spokesperson denied that anyone was threatened. Getty Images Facebook is denying that it threatened to pull investments from Europe and Canada if demands from COO Sheryl Sandberg were not met as a new trove of leaked documents provides a window into the tech giant's extensive lobbying strategies. This is not a threat, Facebook told Business Insider. This is not a threat to withhold investment, but part of our duty to protect people's data. Before we commit to opening a data center anywhere in the world, we want to make sure we fully understand the country's laws and privacy protections. (news.financializer.com). As reported in the news.

russian businessmen: The heir to the throne wanted to thank his donors in person, according to The Independent. One of them was Ruben Vardanyan. A select group of Russian businessmen assembled for a black-tie dinner at Dumfries House, the stately home restored for the nation thanks to a major fundraising campaign by the Prince of Wales. A well-known philanthropist, he ran an investment bank, Troika Dialog, an independent arm of which moved vast amounts of private wealth out of Russia into Europe. Vardanyan didn't know anything about this. Troika is under the spotlight because staff from this independent division administered a network of shell companies that appear to have mixed legitimate and illegitimate money. (news.financializer.com). As reported in the news.

team: He added that he plans to file an appeal if the request is rejected, according to The Japan Times. Hironaka held the news conference only days after his legal team submitted Ghosn's third request for bail. Speculation is running high that the court will issue a decision in the next few days on whether to let Ghosn out of the Tokyo Detention House. ; I believe that his potential time of release could be in the near future, attorney Junichiro Hironaka said during a news conference in Tokyo. The request, submitted Thursday, was the first since Hironaka joined the defense team and the latest bid to secure the conditional release of the ousted 64-year-old Brazilian-born French auto executive. Hironaka revealed that the legal team is examining part of the evidence shared by prosecutors last week, and that they cited in the bail proposal Ghosn's limited ability to communicate with people on the outside. The court rejected the previous two applications after prosecutors filed fresh charges against him. (news.financializer.com). As reported in the news.

gdp: Well, that's what I thought, until I started looking at the data, according to The Japan Times. No, it is definitely not the standard macroeconomic policy tool kit that delivers sustained prosperity. Surely, there is no magic bullet that ensures sustainable growth. Although useful for short-term growth boosts and asset price volatility, neither fiscal policy nor monetary policy has a consistently positive and lasting track-record. ; In fact, monetary policy stands particularly exposed to diminishing rates of returns of its actions Ten years ago, 1 created by the Bank of Japan generated 10 of national income or GDP, but today the same 1 from the central bank creates only 1 of GDP. Call it quantitative easing or call it qualitative easing, the empirical evidence is overwhelmingly strong that money alone does not create lasting growth and prosperity. Across all the major economies, tracked over the past 50 years, the best correlation and positive causality to explain per-capita GDP growth is the percentage of entrepreneurs in the population. Simply put Giving our children more pocket money does not increase our chances of having a stable pension income in the future although obviously the kids may well have more fun in the meantime . So where does sustained growth come from One word entrepreneurship. (news.financializer.com). As reported in the news.

populations ageing: For over four decades towns have watched as good jobs disappear, only to be replaced with low-paid insecure work, according to The Independent. When investment was made available it went to the cities in the hope the benefits would trickle out to towns. For the first time, after decades of neglect, the government has recognised that the current settlement doesn't work for our nation's towns and has not done so for some time. Largely, they didn't. The prime minister recognised that these towns are proud places with rich heritage. In towns across Britain the loss of those good jobs has cost us spending power and footfall, leaving our high streets struggling, our transport networks decimated and our populations ageing rapidly as young people increasingly move away looking for better opportunities elsewhere. (news.financializer.com). As reported in the news.

u.s: On Monday, China's Shanghai Composite Index SHCOMP, 1.57% closed at its best level since June thanks to investor excitement over trade, while the major U.S. indexes, the Dow Jones Industrial DJIA, -0.05% and S&P 500 index SPX, -0.11% are looking at year-to-date gains of at least 10%, despite Monday's wobbles, according to Fact Set data, according to Market Watch. Read Stocks may roar to start the month, but end March with a whimper, analysts say Moreover, Shearing said a trade agreement may not deliver an anticipated jolt to a global economy that has swooned outside of the U.S. He said even if a deal between the U.S. and China on trade is ultimately agreed, we don't expect that a trade truce will now provide a substantial shot in the arm to the global economy. With a substantial amount of trade optimism already priced into stocks, a dearth of details on any extant trade pact, and a global growth slowdown swirling, reasons to remain cautious abound, the economist said. Global trade expansion has already slowed over the past several months not necessarily because of protectionist measures involving tariffs but because the global economic cycle is at a point of retreat. Caption outside of wrapper for normal article images Capital Economics anticipates global growth retreating until 2021 due to country-specific factors that will be a drag on their respective regional economies. The chart below illustrates areas of weakness. (news.financializer.com). As reported in the news.

europe: In all, it is estimated that 4.6bn 3.5bn was sent to Europe and the US from a Russian-operated network of 70 offshore companies with accounts in Lithuania, according to The Guardian. The details have emerged from 1.3m banking transactions obtained by the Organized Crime and Corruption Reporting Project and the Lithuanian website 15min.lt. Money flowing through the network included cash that can be linked to some of the most notorious frauds committed during Vladimir Putin's presidency. Shared with media partners including the Guardian, the data represents one of the largest ever banking leaks. However, the documents indicate that criminal and legitimate money may have been mixed together, making it impossible to trace the original source, before passing through screen companies into the global banking system. There is no suggestion that end recipients of funds were aware of the original source of the money, which arrived via a disguised route. (news.financializer.com). As reported in the news.

father: Tony Hua told 9News he was asked by the married father to find women willing to accept the proposition, according to Nine News Australia. He said this secret is just between you, and me and her and no one else knows, Mr Hua said. To improve your experience update it farmer exposed trying to solicit young workers for sex By Rebecca Masters10 56pm Mar 4, 2019Facebook Tweet MailA Queensland farming boss has been caught trying to solicit young women for sex in exchange for money and farm work.9News has obtained damning recordings of Bowen farmer Jim Inch offering young women extra cash and hours for sex. Mr Hua said he never helped Inch source women but instead took the video evidence to expose the exploitation. It won't be like do you wanna have sex all the time. I had this sheila on the farm there it was her idea she wasn't Asian this one she was an Aussie one, Inch said in one recording. (news.financializer.com). As reported in the news.

font: Subscribe Now Donate Shop Shop Amazon and Support Reason Shop Reason Swag Font Size Font Size -submit Donald Trump Immigration Green New Deal Supreme Court Sex WorkSTOSSELVolokh Conspiracy More Criminal Justice Free trade Civil Liberties Mass Shootings Government Shutdown Alexandria Ocasio-Cortez Gun Control State of the Union Title IXMiddle East James H.W. School Choice PCPolice School Choice Cultural Appropriation Election 2018Brett Kavanaugh More ; HIT & RUN BLOGFormer Clinton Campaign Staffer Accuses Bernie Sanders of Failing to Mention Race, Gender in Speech That Explicitly Mentioned Race, Gender There's intersectionality in theory, and then there's intersectionality as practiced by the most hysterically identity-obsessed activists, according to MSNBC. Robby Soave Mar. 4, 2019 9 00 am Everett Collection/Newscom One of the more straightforwardly dishonest aspects of the 2016 Democratic presidential primaries were certain Hillary Clinton supporters' efforts to portray rival Bernie Sanders as out-of-touch with black and female voters, even though his record on race and gender issues was at least as progressive as Clinton's. ; Some Clinton partisans are still pushing this narrative. Please referesh and try again. ' ; function var cb ' commentcontainer' ; if activate if && typeof Comment Reply Form ! undefined var template var crf new buttonment reply' ; var previewurl ' commentform '/preview' ; previewurl ; ' commentform button.preview' previewurl ; else function edit Comments activate var cb ' commentcontainer' ; if activate //we find only the ones made visible during initialization; no reason to bind the rest. // active edit buttons if typeof Comment Edit Form ! undefined var template var crf new else cmt Login Status Handler ; ; var author robby-soave ; var articletitle Former Clinton Campaign Staffer Accuses Bernie Sanders of Failing to Mention Race, Gender in Speech That Explicitly Mentioned Race, Gender ; var UA-283675-2 ; var UA-283675-6 ; // fbq 'init', '807449156089636' ; fbq 'track', 'Page View' ; var freestar freestar ; freestar.hit Time Date.now ; freestar.queue freestar.queue ; freestar.config freestar.config ; freestar.debug -1 false true; // Tag IDs set here, must match Tags served in the Body for proper setup !function a,b var window.fb Async Init function FB.init app Id '364996713549201', xfbml true, version 'v2.8' ; ; function d, s, id var js, fjs if d.get Element ById id return; js d.create Element s ; js.id id; // js.src js.src fjs ; document, 'script', 'facebook-jssdk' ; new ; Reason Free Minds & Free MarketsTRENDING TOPICSCLOSEDonald Trump Immigration Green New Deal Supreme Court Sex Work Venezuela Criminal Justice Free trade Civil Liberties Mass Shootings Government Shutdown Alexandria Ocasio-Cortez Gun Control State of the Union Title IXMiddle East James H.W. School Choice PCPolice School Choice Cultural Appropriation Election 2018Brett & Run Magazine Stossel on Reason Volokh Conspiracy Subscribe .subslide .hover function function ; ; GET REASON MAGAZINEGet Reason's print or digital edition before it's posted online One sane voice fighting tons of nonsense. Enter Zerlina Maxwell, a former communications staffer for the 2016 Clinton campaign and current director of progressive programming at Sirius XM Radio. She was not impressed. Maxwell, a black woman, appeared on MSNBC to react to Sanders' campaign kick-off speech at Brooklyn College on Saturday. (news.financializer.com). As reported in the news.

options: OneSignal ; One Signal.push function scope '/' ; var one Signal options ; one Signal options; true; true; ; PYMNTS ; ; https //pymnts.os.tc ; ; ; true; 'bottom-left'; 'default'; 'small'; true; false; ; ; function document Init OneSignal var one Signal elements var function event event.prevent Default ; ; for var i 0; i i false ; if document.ready State 'complete' document Init OneSignal ; else function event document Init OneSignal ; ; body.custom-background background-color f9f9f9; if 'undefined' typeof advadsGATracking window.advadsGATracking ; fbq 'init', '1743187372604758' ; fbq 'track', Page View ; opacity 1; window.data Layer window.data Layer ; function gtag 'js', new Date ; gtag 'config', 'UA-11167465-1' ; let new Box function this.box box '', box Content 'New!', box Position '', set Content function content this.box Content content; calc BoxPosition function target Id let oTop '' let oLeft '' let css '' let position '' console.log document.get Element ById target Id if document.get Element ById target Id ! null let target document.get Element ById target Id oTop target.offset Top oLeft target.offset Left if oTop 0 css css 'top ' oTop 'px;'; if oLeft 0 css css 'left ' oLeft 'px;'; this.box PositionCSS css return css setup function let content this.box Content; let position this.box PositionCSS; let chevron '' let box ' ' content chevron ' '; this.box box; return box; this.style applied Style false, base Style '', setup function let css ''; if arguments.length 0 let args arguments args args.join '' css args; let css String '' return css String set Style function if this.base Style.length 0 let args // Chevron styling .chevron width 0; border-left 10px solid transparent; border-right 10px solid transparent; border-top 10px solid bottom -8px // Box styling 35px; 100000; ; // To-do make this into a library so you can manually set the styles let arg Add; args args.join '' if arguments.length 0 // allows you to define a new styling using arg Add arguments // Do some slicin' wizardry arg Add arg Add.join '' // Join arguments into a string args args arg Add; this.base Style args add Style function this.set Style let styling this.base Style; let formatted Styling this.setup styling ; let header header.innerHTML header.innerHTML formatted Styling this.applied Style true; return formatted Styling; this.add Box function let args arguments 0 ; // Change content from default 'test' if args.content let content args.content if args.target Id let target Id args.target Id target Id // Add to base style if this.style.applied Style false if args.base Style let base Style if typeof args.base Style 'string' base Style args.base Style else base Style args.base Style.join '' this.style.add Style let box this.box.setup // setup box let box Container // set container to body by default if args.container Id let container Id args.container Id if document.get Element ById container Id ! null console.log 'Container valid' box Container document.get Element ById container Id ; box Container.innerHTML box box Container.innerHTML; return args; Today's Center Subscribe Sections Today's Ecosystems How Voice Is Turbocharging The Autonomous Vehicle Ecosystem By PYMNTS Posted on March 4, 2019 us at PYMNTS to take a brief step back and admire the landscape in this case, the growing, though still young, connected vehicle ecosystem, according to MSNBC. A decade or two from now, such a look will be possible only via history books, TV and magazine retrospectives, or unreliable personal memories. OneSignal window. Now, though, one can see how this massive economic, commercial and cultural shift is taking place in real life.OK, respected readers, that's a long way of getting to the point A new deal involving P97 Networks and Accenture Ventures provides the latest firm demonstration of how that emerging ecosystem is being shaped and the latest example of how the various players that will provide connected vehicle payments and commerce are taking sides and forming teams. Ecosystem Growth Accenture, according to P97, has made an equity investment in the company and formed an alliance with it. In a new PYMNTS interview, P97 CEO Don Frieden talked about what this investment deal means for connected cars and trucks and why businesses might want to prepare earlier than expected for the next big shift involving the combination of automotive, payment and commerce technologies the autonomous vehicle revolution. (news.financializer.com). As reported in the news.

tax relief: In what is set to be the longest tax tribunal appeal ever, Ingenious will fight to overturn the court's decision that HMRC was correct in deciding that the investments should not give rise to tax relief for their investors, according to The Guardian. Ingenious, which said it was offering legitimate investment in the film industry, has been accused by the Revenue of tax avoidance, with a former HMRC boss describing its schemes as scams for scumbags . An estimated 620m worth of tax relief was claimed by investors, which, combined with interest, means 1bn is at stake if HMRC loses the case. Stars from the worlds of sport and entertainment, including David Beckham, Ant and Dec and Jeremy Paxman, are among those who put money into investment schemes run by Ingenious Media, a financing company that funded more than 60 films including Avatar and Brooklyn. Ingenious will be throwing the kitchen sink at challenging the original court decision on eight grounds, according to an observer. About 2,000 people invested in the three limited liability partnerships LLPs that are the subject of the appeal Inside Track films, Ingenious Film Partners 2 and a partnership set up to make computer games, Ingenious Games. The tribunal appeal is expected to last five weeks. (news.financializer.com). As reported in the news.

campaign: Kena Betancur/Getty Images Addressing cheering crowds on a frigid winter's day, Sen, according to MSNBC. Bernie Sanders I-VT delivered a campaign message familiar to his supporters, pledging to lead the charge for a 15 minimum wage and to fight for access to health care, among other causes he has championed over the years. Bernie Sanders I-VT holds his first presidential campaign rally at Brooklyn College on March 02, 2019 in Brooklyn, New York. What was different at his official campaign launch on Saturday was the backdrop a sea of black and brown faces made up a good number of the thousands of supporters who had turned out in the bitter cold on a college campus in Brooklyn, New York. His by-now familiar platform includes a federal jobs guarantee for all Americans who wish to work, comprehensive immigration reform, tuition free higher education, and universal health care the 77-year-old independent senator from Vermont is also signaling something new a plan to make a more concerted outreach to the black and brown voters he knows will be indispensable to winning the Democratic nomination. Sanders remains every bit the champion of the working man and woman that he was when he ran for the White House four years ago, losing to Hillary Clinton, the eventual 2016 presidential nominee, in an unexpectedly close race. (news.financializer.com). As reported in the news.

camera flash: Brexit, no question, he said, emphatically, with a challenge implicit in his voice, according to The Independent. Why I replied. How did you vote I asked. He told me he had once picked up a distressed woman from a nightclub, late at night, and she told him she had just been sexually assaulted by a north African immigrant. This was going to cost him. After taking a few moments to digest this, I asked the obvious question But what's that got to do with Brexit He had barely begun answering before he accidentally drove through a red light, triggering a camera flash. (news.financializer.com). As reported in the news.

chinese mainland: Last week, the A-shares attracted a net inflow of 12 billion yuan from overseas investors, according to Global Times China. The overseas capital mainly went to industries including the nonferrous metals, construction and refurbishing and automobiles. Since the beginning of the year, money from Hong Kong and international capital invested in bourses on the Chinese mainland through the stock connect programs amounted to 124.1 billion yuan about 18.52 billion US dollars the newspaper said. China's stock market is likely to see an inflow of foreign capital totaling about 600 billion yuan this year, Fang Xinghai, deputy head of the China Securities Regulatory Commission, predicted in January. (news.financializer.com). As reported in the news.

communities secretary: The communities secretary, James Brokenshire, denied the money was a Brexit bribe and said it would be enough to have a transformative impact on areas that felt left behind, according to The Guardian. May's Brexit bung to the north is pathetic. Labour MPs including Lisa Nandy and Gareth Snell who have signalled they might back May's deal criticised the approach and said the cash would do little to tackle the effects of austerity. It changes nothing Simon Jenkins Read more Speaking on BBC Radio 4's Today programme on Monday, he refused to say how many towns would benefit, but pointed out that the cash would be allocated whatever happens in next week's meaningful vote on the EU withdrawal bill. This funding is there to see that towns grow and we leave no part of our UK left behind. This funding is there regardless of the outcome there is no conditionality, he said. (news.financializer.com). As reported in the news.

escalationalex fang: Visit our improved website Politics Democratic US presidential front-runners split on China tariffs Sanders and Warren embrace levies, while Harris and Biden oppose escalationALEX FANG, Nikkei staff writer March 03, 2019 22 46 JST Around 10 major candidates have said they are running for the Democratic Party's presidential nomination, according to MSNBC. AP NEW YORK -- The race for next year's Democratic presidential nomination is getting crowded early on, with 10 or so major candidates already in the field and possibly more to come. Created with Picks Business Markets Automobile Banking & Aerospace & & Beverage Health Care Hotels, Restaurants & & Industrial Equipment Materials Media & & Arts News By Location Asia Southeast Asia South Asia Rest of the to our new website As well as being able to load content faster than ever before, you'll now find it's much easier to find all the content you need about the Asian business world. Not all have spoken extensively on foreign policy, but here's what some of these hopefuls have said or done regarding U.S. trade with China. Kamala Harris entered the presidential race in January. California Sen. (news.financializer.com). As reported in the news.

food systems: Chris Bryant, the lead author on the study in the journal Frontiers in Sustainable Food Systems, told me, Across the world's three most populous countries, consumers want plant-based and clean meat, according to The Guardian. The opportunities for innovators to change the meat industry in these countries are there. The study found high levels of acceptance in all three countries and significantly higher acceptance in India and China, where 86% and 93% respectively reported being at least somewhat likely to purchase clean meat. Companies are beginning to capitalize on these opportunities. This makes Motif the largest company focused on cellular agriculture the new industry creating animal products without animal farming. Earlier this week, Motif Ingredients announced that it had raised 90m in funding, the largest Series A round ever for a food technology company. (news.financializer.com). As reported in the news.

holiday island: Locals were pinning their hopes on jobs at Donald Trump's new mega hotel and golf course, but 18 months on construction hasn't even started, according to Nine News Australia. The resort is set to become the holiday island's biggest, located about 20 kilometres from Denpasar Airport and right next to tourism icon Tanah Lot Temple. To improve your experience update it here News World Balinese workers jobless and angry at Trump over ultra-luxury hotel By Renae Henry Reporter5 51pm Mar 3, of Balinese workers say they've been left high and dry by the US president, after a major hotel was shut down to make way for his ultra luxury six-star resort. Ketut Sujana, 54, was among 800 workers left jobless when the decades-old Pan Pacific Nirwana was shut down in mid-2017 to make way for the development. But the activity has come to a standstill. The old hotel - which was the main source of employment for the local area - has since been demolished and a whopping 108 hectares of land has been cleared. (news.financializer.com). As reported in the news.

march firms: This was its lowest reading since April 2013, fuelling concerns that Britain's private sector has been shrinking in the run-up to the scheduled Brexit leave date of 29 March, according to The Guardian. Firms warned that the outlook for the next three months was even bleaker as the battle between the US and China over import tariffs harmed global trade. The CBI's measure of private sector growth dropped to -3 in February from zero in January. Record job figures hide the true story of UK economy Richard Partington Read more Manufacturing, which according to official figures is in recession, was among the worst affected parts of the economy, although it was a sharp slowdown in the usually robust services sector that accelerated the drag on growth in the three months to February. More and more companies are hitting the brakes on investment and day-to-day business decisions are becoming increasingly problematic, the CBI's chief economist, Rain Newton-Smith, said. The CBI said its growth indicator showed that private sector businesses were under pressure from squeezed household earnings and the prospect of a no-deal Brexit, which deterred business investment. (news.financializer.com). As reported in the news.

issue visas: Plans to admit significant numbers of tourists from abroad have been discussed for years, only to be blocked by conservative opinion and bureaucracy, according to The Japan Times. Embassies and consulates will be able to issue the visas within 24 hours of receiving a request, the daily Arab News reported Saturday, citing a Cabinet decision last week. The conservative Muslim country has previously restricted visas to resident workers, business travelers and Muslim pilgrims who are given special visas to travel to holy sites. ; Economic reforms pushed by Crown Prince Mohammed bin Salman aim to lift total tourism spending in the kingdom by local citizens as well as foreigners to 46.6 billion in 2020 from 27.9 billion in 2015, the government has said. It did not specify when the visas will become available. However, dozens of activists, intellectuals and clerics have been arrested in an apparent bid to stamp out opposition to the crown prince, who has consolidated power including with a sweeping anti-corruption campaign. As part of the crown prince's agenda, the kingdom has ended a nearly 40-year ban on cinemas, allowed music concerts, including performances by Western pop stars, and organized international sporting events. (news.financializer.com). As reported in the news.

news conference: The new defense team, formed in early February, includes Junichiro Hironaka, who is known for winning acquittals in high-profile cases, according to The Japan Times. They filed a bail request for Ghosn with the Tokyo District Court on Thursday after two previous requests in January made under a different team of lawyers were rejected by the court. Chairman Carlos Ghosn, who has been detained in Japan for more than 100 days for alleged financial misconduct, will hold a news conference. The Budget Committee of the House of Councilors will hold a question-and-answer session on the fiscal 2019 draft budget. Tuesday ; No major events. The House of Representatives has approved a record 101.46 trillion budget, ensuring its enactment before the fiscal year starts on April 1. (news.financializer.com). As reported in the news.