Thanks to the Duke, the Rowlands were well on their way to opening a branch of their new bank in the Kingdom of Saudi Arabia. But the trip also offered another golden opportunity for the Rowlands' business. What if the Duke could persuade a Saudi royal to become a partner in the venture? The evening after the SAGIA meeting, Andrew fortuitously had dinner with one of the more charismatic members of the Saudi royal family: Prince Sultan bin Salman bin Abdulaziz al Saud. … [Read more...] about The Prince Andrew Papers: Tycoon Jonathan Rowland told Arab prince he was trying to lure as an investor: ‘We advise HRH exclusively on all business matters..and often act as an intermediary for the Royal Family’
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“The current coronavirus outbreak is having a significant impact on first-quarter sales,” she said. “It is mostly sold in convenience stores and through traditional channels, which have been heavily impacted by the outbreak. We will delay the relaunch, which is an important step to reignite growth in Mizone.” … [Read more...] about Coronavirus: Lufthansa imposes hiring freeze as Diageo profits suffer
If Greece's bailout talks collapse, it would be hard for the ECB to maintain the fiction that the Greek banking system is solvent - given that the value of a big chunk of banks' assets, including sovereign debt and tax-relief claims, depends on the solvency of the Greek state. … [Read more...] about How long to Greek capital controls?
Covid-19 is self-evidently beyond the point of meaningful containment. Virologists and infectious disease experts have known for three weeks that this was highly probable, and certainly not a mere tail-risk as suggested by equity market pricing. We are now there. … [Read more...] about Coronavirus threatens the global economy with a ‘sudden stop’
Derek Halpenny, an analyst at MUFG, warned that there is “scope” for a further decline in the battered currency, adding that the prime minister’s resignation now could be “viewed as best from a sentiment perspective and for the pound”. … [Read more...] about Pound tumbles to four-month low amid speculation over Theresa May’s future