Link to the article: Channel 4 News
As Steve Jobs quits as Apple boss, Channel 4 News looks at the power of the company's creative guru and what happens when you build a brand around one man.
n his trademark uniform of jeans, sneakers and black turtlenecks, Steve Jobs is the man behind the iconic Apple gadgets which have inspired an almost cult-like following, including the iPod, iPhone and the iPad.
He has been the public face of just about every major product launch in the past decade.
Stocks in Apple plunged more than 5 per cent after the announcement that Jobs, who is battling pancreatic cancer, would step down and hand over the top job to chief operating officer, Tim Cook.
Richard Merrin, managing director of PR agency Spreckley, told Channel 4 News that it is rare to find someone as charismatic and powerful as Jobs to spearhead a company's brand.
"Jobs is an extraordinary visionary, he's synonymous with the Apple brand. But you don't come across someone like that very often.
Thursday, 25 August 2011
Thursday, 17 February 2011
British bankers head to Switzerland
There has been a 28 per cent increase in the number of British bankers and financial services workers migrating to Switzerland, writes Business Producer Ben King.
Link to the article: Channel 4 News
Link to the article: Channel 4 News
Wednesday, 16 February 2011
Interest Rates: 'Don't run ahead of yourself', King
The Bank of England lowers its growth forecast and signals a rise in interest rates to tame inflation - but Faisal Islam says the Monetary Policy Committee cannot agree on the way forward.
Link to the article: Channel 4 News
In its latest quarterly report published today, the Bank said output was likely to be weaker than expected in 2011, but a double dip recession was not expected.
Inflation is likely to continue rising this year to around 5 per cent, before falling close to the Government's 2 per cent target in 2012 - but only if interest rates rise in the second quarter of 2011.
Higher mortgages
That would mean higher mortgage costs for those who are not on fixed-rate deals and more expensive borrowing for business. Yesterday, official figures showed that the Government's preferred measure of inflation - the Consumer Prices Index - had risen to 4 per cent.
Link to the article: Channel 4 News
In its latest quarterly report published today, the Bank said output was likely to be weaker than expected in 2011, but a double dip recession was not expected.
Inflation is likely to continue rising this year to around 5 per cent, before falling close to the Government's 2 per cent target in 2012 - but only if interest rates rise in the second quarter of 2011.
Higher mortgages
That would mean higher mortgage costs for those who are not on fixed-rate deals and more expensive borrowing for business. Yesterday, official figures showed that the Government's preferred measure of inflation - the Consumer Prices Index - had risen to 4 per cent.
Tuesday, 15 February 2011
Pressure on mortgages as inflation rises
As inflation rises to 4 per cent, Economics Editor Faisal Islam says an interest rate increase is likely in the next four or five months.
Link to the article: Channel 4 News
A rise would mean higher mortgage costs for millions of people who are not on fixed rate deals, as well as increased borrowing costs for businesses.
As expected, the Government's preferred measure of inflation - the consumer prices index (CPI) - rose from 3.7 to 4 per cent last month.
The increase has been attributed to a rise in the cost of oil and the decision to raise VAT from 17.5 to 20 per cent.
The Bank of England's base rate is at an historic low of 0.5 per cent, but with inflation at its highest level since November 2008, the Bank's Monetary Policy Committee (MPC) may be forced to increase it for the first time in two years.
Link to the article: Channel 4 News
A rise would mean higher mortgage costs for millions of people who are not on fixed rate deals, as well as increased borrowing costs for businesses.
As expected, the Government's preferred measure of inflation - the consumer prices index (CPI) - rose from 3.7 to 4 per cent last month.
The increase has been attributed to a rise in the cost of oil and the decision to raise VAT from 17.5 to 20 per cent.
The Bank of England's base rate is at an historic low of 0.5 per cent, but with inflation at its highest level since November 2008, the Bank's Monetary Policy Committee (MPC) may be forced to increase it for the first time in two years.
Thursday, 10 February 2011
Interest Rates kept on hold
The Bank of England votes to keep interest rates at 0.5 per cent for the 23rd month in succession.
Link to the article: Channel 4 News
Despite rising inflation, the Bank's Monetary Policy Committee (MPC) decided against an increase in rates, which are at an historic low.
The Consumer Prices Index measure of inflation rose to 3.7 per cent in December, well above the Bank's 2 per cent target - and further rises are expected this year.
But while Britain has come out of recession, there was an unexpected contraction in growth in the last three months of last year - and members of the MPC will have been wary of damaging demand in the economy by increasing borrowing costs for households and businesses.
Link to the article: Channel 4 News
Despite rising inflation, the Bank's Monetary Policy Committee (MPC) decided against an increase in rates, which are at an historic low.
The Consumer Prices Index measure of inflation rose to 3.7 per cent in December, well above the Bank's 2 per cent target - and further rises are expected this year.
But while Britain has come out of recession, there was an unexpected contraction in growth in the last three months of last year - and members of the MPC will have been wary of damaging demand in the economy by increasing borrowing costs for households and businesses.
Wednesday, 26 January 2011
The German economy and a 'Sputnik' moment for British jobs
On my way from Frankfurt to Davos, driving around the Alps. And ringing in my ears is the sound of British economic existentialism. What exactly is the point of the British economy? Clearly yesterday’s awful GDP figure is a starting point, and the snow-capped mountains are a vivid reminder of that horror.
Link to the article: Channel 4 News
Link to the article: Channel 4 News
What is the Plan B for the UK economy..?
David Cameron insists he won't change course on the UK economy despite a shock contraction but do we need a "Plan B" to boost growth? Cathy Newman reports as two economists debate for Channel 4 News.
Link to the article: Channel 4 News
Link to the article: Channel 4 News
Bank of England Chief warns of 'choppy' economic recovery
Bank of England boss Mervyn King warns that grim GDP figures serve as a stark reminder of Britain's "choppy" economic recovery and says Britons should expect "uncomfortably high" levels of inflation.
Link to the article: Channel 4 News
Link to the article: Channel 4 News
Tuesday, 25 January 2011
UK economy shrinks by an unexpected 0.5 percent
The economic recovery of the UK suffers a blow, with a shock contraction of 0.5 per cent in the last three months of 2010. It means a double-dip recession is on the cards, says Faisal Islam.
Link to the article: Channel 4 News
Link to the article: Channel 4 News
Monday, 24 January 2011
Impartiality over Prime Minister and BSkyB Deal
The Prime Minister's private dinner with News Corporation executives raises questions over his impartiality in the light of News Corp's attempt to take over BSkyB, one MP tells Channel 4 News.
Link to the article: Channel 4 News
The Labour MP, Tom Watson, demanded to know whether Prime Minister David Cameron would be holding any meetings with Rupert Murdoch, the head of News Corporation, on his visit to the UK over the next few days.
Mr Watson told Channel 4 News that "deep questions" over impartiality had been raised by the news revealed in the Independent, that Mr Cameron and his wife dined privately with Mr Murdoch's son and chairman of News Corp in Europe and Asia, James Murdoch, as well as News International Chief Executive Rebekah Brooks and her husband, over Christmas.
Link to the article: Channel 4 News
The Labour MP, Tom Watson, demanded to know whether Prime Minister David Cameron would be holding any meetings with Rupert Murdoch, the head of News Corporation, on his visit to the UK over the next few days.
Mr Watson told Channel 4 News that "deep questions" over impartiality had been raised by the news revealed in the Independent, that Mr Cameron and his wife dined privately with Mr Murdoch's son and chairman of News Corp in Europe and Asia, James Murdoch, as well as News International Chief Executive Rebekah Brooks and her husband, over Christmas.
Tuesday, 18 January 2011
Inflation Rises to 3.7 per cent
The rising cost of fuel and food caused inflation to hit 3.7 per cent in December, up from 3.3 per cent in November. As Faisal Islam reports, this could lead to a rise in interest rates.
Link to the article: Channel 4 News
The Consumer Price Index tracks everyday costs like petrol, utility bills, food and air fares and is used by the Government to measure inflation. The rise in December to 3.7 per cent was the biggest month on month rise since 1996.The only sign of a fall in living costs came in the clothing sector, where the bad weather put pressure on retailers to offer competitive prices.
The rise was partly driven by domestic pressures, as a cold winter damaged vegetable crops, leading to a 1.6 per cent increase in the cost of food. Gas price rises added to the cost of household services, which rose by 1.4 per cent.
But global influences played a large part. Droughts and fires around the world, including in Russia, led to a shortage of bread and grains. Experts are also pointing to an impact from US monetary policy, which has been encouraging risky investment in commodities.
Link to the article: Channel 4 News
The Consumer Price Index tracks everyday costs like petrol, utility bills, food and air fares and is used by the Government to measure inflation. The rise in December to 3.7 per cent was the biggest month on month rise since 1996.The only sign of a fall in living costs came in the clothing sector, where the bad weather put pressure on retailers to offer competitive prices.
The rise was partly driven by domestic pressures, as a cold winter damaged vegetable crops, leading to a 1.6 per cent increase in the cost of food. Gas price rises added to the cost of household services, which rose by 1.4 per cent.
But global influences played a large part. Droughts and fires around the world, including in Russia, led to a shortage of bread and grains. Experts are also pointing to an impact from US monetary policy, which has been encouraging risky investment in commodities.
Inflation rises to 3.7 percent
The rising cost of fuel and food caused inflation to hit 3.7 per cent in December, up from 3.3 per cent in November. As Faisal Islam reports, this could lead to a rise in interest rates.
Link to the article: Channel 4 News
Link to the article: Channel 4 News
Monday, 17 January 2011
Apple shares fall as Steve Jobs suffers fresh health scare
Apple share price falls as CEO Steve Jobs takes a medical leave of absence - but the software giant is on too much of a roll to suffer long-term damage, a market expert tells Channel 4 News.
Link to the article: Channel4 News
Link to the article: Channel4 News
Friday, 14 January 2011
Russian firm to take stake in BP
State-owned Russian oil giant Rosneft has taken a 5 per cent stake in BP, in the first major deal for BP since the Gulf of Mexico oil spill disaster, as Siobhan Kennedy writes.
Link to the article: Channel 4 News
Earlier in the day, the oil giant BP confirmed it was in discussions with Rosneft regarding a "possible arrangement".
But underscoring the deal's significance, the company's chief executive Bob Dubley held a press conference at BP's headquarters in London at 9pm on Friday to announce the deal.
The deal basically involves the two companies swapping shares in each other. Rosneft will now have a 5 per cent stake in BP, which it has swapped for approximately 9.5 per cent of Rosneft's shares. The aggregate value of the shares in BP to be issued to Rosneft is approximately $7.8bn.
Link to the article: Channel 4 News
Earlier in the day, the oil giant BP confirmed it was in discussions with Rosneft regarding a "possible arrangement".
But underscoring the deal's significance, the company's chief executive Bob Dubley held a press conference at BP's headquarters in London at 9pm on Friday to announce the deal.
The deal basically involves the two companies swapping shares in each other. Rosneft will now have a 5 per cent stake in BP, which it has swapped for approximately 9.5 per cent of Rosneft's shares. The aggregate value of the shares in BP to be issued to Rosneft is approximately $7.8bn.
Thursday, 13 January 2011
Petrol price rise will 'slow economy'
Petrol prices are predicted to reach an average of 136p a litre by Easter. One transport group tells Channel 4 News that rising prices at the pumps risk slowing down the economy at difficult time.
Link to the article: Channel 4 News
Link to the article: Channel 4 News
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