New Zimbabwe Cabinet member linked to 1980s Matabeleland massacre

https://www.youtube.com/watch?v=nCdVLOmQFxI Zimbabwe's new president has appointed a new Cabinet that includes ruling party loyalists as well as figures linked to the military, whose takeover helped oust former leader Robert Mugabe. No opposition politicians are included in the list, which has been seen as the first test of whether Emmerson Mnangagwa, a longtime Mugabe ally, would … Continue reading New Zimbabwe Cabinet member linked to 1980s Matabeleland massacre

British Labour leader Corbyn tells Morgan Stanley ‘You’re right: We’re a threat’

Morgan Stanley last month warned that political uncertainty in Britain was a bigger threat than Brexit for some domestic investors given the risk of Corbyn winning power "When they say we're a threat, they're right: We're a threat to a damaging and failed system that is rigged for the few," Corbyn said. Corbyn has cast … Continue reading British Labour leader Corbyn tells Morgan Stanley ‘You’re right: We’re a threat’

These are the main market risks right now, renowned hedge fund manager says

Central banks embarked on a low interest rate policy in the wake of the 2008 financial crisis The prolonged use of low interest rates increases people's willingness to borrow The investment climate is more difficult now due to more competition and high valuations   High credit, fierce competition and stretched valuations could be potential market … Continue reading These are the main market risks right now, renowned hedge fund manager says

RBS axes further 259 British branches as expands e-banking

The British state-owned bank will also cut 680 jobs as it reduces costs and encourages customers to use online and mobile services The latest round of closures at the Edinburgh-based bank follow 180 announced in March The move puts 1,000 jobs at risk   British state-owned Royal Bank of Scotland (RBS) said Friday it will … Continue reading RBS axes further 259 British branches as expands e-banking