5 Things You Need To Know, Today, Tuesday 11th of December 2018
5 Things You Need To Know, Today, Tuesday 11th of December 2018
Five financial stories trending today, including Macron's first public statement since the Paris riots.
5. Liquid Telecom, southern Africa’s largest fiber company, Receives $180 million cash injection
U.K. development finance institution CDC Group Plc has given Liquid Telecom a $180 million funding boost to aid their expansion of broadband infrastructure across the continent. The investment will give the CDC an almost 10% stake in Liquid.
4. Sino-American relations continue to fray as mutual suspicion begins to permeate business world
The Sino-American rift created after the arrest of Huawei’s CFO on Washington’s behalf is deepening. Both American and Chinese executives have become wary of shuttling between the two countries as relations deteriorate. Silicon Valley networking giant Cisco emailed employees a warning with the subject line ‘Travel Restriction to China,’ angering Chinese peers. Others say the Huawei arrest has put a bullseye on Apple.
3. Macron Addresses France, Speeds Up Tax Cuts to Appease Rioters but Vows No Policy ‘U-turn’
In his first public statement since often violent riots took hold of Paris four weeks ago, President Emmanuel Macron has announced wage increases for the poorest workers and tax cuts for pensioners to alleviate tensions. Macron is now tasked to walk the fine line of responding to the people’s grievances without being seen to give into ‘street politics.’
2. In Assessing the Stock Market’s 2018 Performance, Perspective is Key
While charts looking at the stock market since Donald Trump’s election show overall decline, longer-run charts indicate a bull market that we’ve been in since 2009. The New York Times’ useful graphics emphasise the importance of perspective in market analyses-- a wise reminder.
1. May’s Hopes to Restart EU Negotiations Met with Domestic and European Resistance
Theresa May has delayed today’s vote on her Brexit deal, having acknowledged that it would have been defeated by “a significant margin,” and instead plans to restart talks. European Council President Donald Tusk said he would discuss ratification but hotly debated issues such as the Irish backstop would not be renegotiated. Following the news, the pound dropped 1.4% to reach an 18-month low of $1.249.
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