David Schwimmer joins London Stock Exchange Group as new CEO

Joins from 20-year career at Goldman Sachs
London Stock Exchange Group (LSEG) has appointed David Schwimmer as chief executive, ending a long search for a replacement for previous boss Xavier Rolet.
Mr Rolet stepped down in November 2017, a year earlier than originally planned, after a boardroom battle with shareholders unhappy with the departure.
Read more London Stock Exchange hit with chaotic Xavi-exit Mr Schwimmer joins from Goldman Sachs, where he has worked for 20 years, most recently as global head of market structure and of metals and mining in its investment banking operation. He also previously served as chief of staff to Goldman boss Lloyd Blankfein when he was president and COO at the bank.
“David is a leader with great experience in the financial market infrastructure sector, which he has been closely involved in throughout his investment banking career, as well as capital markets experience in both developed and emerging markets. He is well known for his robust ..

A Libyan Strongman Looks to Washington, but a Health Crisis Looms

A Libyan Strongman Looks to Washington, but a Health Crisis Looms Photo In Benghazi’s devastated downtown, ex-fighters warmed themselves over a bonfire made from broken furniture. The forces of Gen. Khalifa Hifter routed the last Islamist militias from Benghazi in December. Credit Declan Walsh/The New York Times BENGHAZI, Libya — Pulverized buildings daubed with the names of fallen fighters line the ghostly seafront in Benghazi, Libya’s second largest city. Land mines and booby-trapped bodies are scattered across the rubble. At night, men huddle over bonfires piled with broken furniture.
This picture of devastation is what victory looks like for Gen. Khalifa Hifter, the military strongman whose forces routed the last Islamist militias from Benghazi in December. After three years of grinding combat, and with the help of foreign allies, General Hifter now controls most of eastern Libya and has become the most powerful if polarizing figure in a fractured landscape.
Now, as he aims to cons..

Brexit: Confidence in UK economy turns positive for first time since Article 50 triggered

The rise follows earlier jump after December’s announcement of progress in phase one of Brexit talks
Optimism about the UK’s economy is higher than at any time since Theresa May triggered Article 50 last March, according to a survey of company directors.
The rise in confidence follows an earlier jump after December’s announcement that sufficient progress had been made in the first phase of the Brexit talks.
The UK’s uncertain trading status with the EU has fallen out of the top three concerns of business leaders for the first time since withdrawal negotiations began, the Institute of Directors found.
Read more Airbus warns hard Brexit will cause business to ‘grind to a halt’ Economic conditions, skills shortages and compliance with government regulation now occupy the top spots.
A net balance of 1 per cent more of those asked thought the prospects for the economy were good, while the balance was 47 per cent when bosses were asked about the outlook for their own company.
Tej P..

Pensioners paying £4,300 each to bankroll children and grandchildren, study finds

Women are slightly more generous than men, expecting to provide an average of £374 a month to family members
Nearly a third of people planning to retire this year are bankrolling family members as well as paying for their own retirement, new research has found.
A survey found 31 per cent of people are paying out £4,300 a year on average, increasing pressure on their own retirement plans and income.
They are providing financial support to three people on average with their or their partner’s children the most likely (56 per cent) to be receiving money.
Read more Number of people retiring after age 70 doubles since 2010 Among those paying for younger generations, a quarter said they were giving money to grandchildren, 8 per cent to their parents and 2 per cent to their grandparents.
Nearly one in five expecting to retire this year estimate they provide more than £500 a month to family members.
The money is most commonly used to cover everyday living costs such as food and tra..

Decline in bees puts supply of raw materials for global business at risk, says report

Businesses face the threat of declining bee populations and other pollinating species crucial to the development of crops
Businesses face a shortage of raw materials and a drop in the quality of crop as the number of bees decline worldwide, a new report warns.
Approximately three quarters of crops around the world depend on pollination, all of which could soon be threatened as more than a third of wild bee and butterfly species face extinction, according to a joint study by the UN, the University of East Anglia and Cambridge University.
Major businesses, including Asda, the Body Shop, Mars and Pepsico, say they are unable to take action largely because of uncertainty around which crops and regions are vulnerable to the decline in pollinators such as bees.
Read more National Grid profit warning after £140m hit from extreme weather “The role pollinators play – be it tiny midges for cocoa or squirrels for coconut – is not well understood and can be taken for granted,” says Jos van ..

Is Trump Serious About Trade War? China’s Leaders Hunt for Answers

Is Trump Serious About Trade War? China’s Leaders Hunt for Answers
BEIJING — In an elegantly furnished back room at a conference in eastern China in December, a member of the Chinese leadership asked American tech executives attending the event for help.
The official, Wang Huning, a Communist Party strategist who has spent much of his career sizing up the United States as a geopolitical rival, wanted to know whether President Trump was serious about a trade war with China — and whether they could serve as a channel of communication to the White House.
He has not been alone.
For the past few months, some of the most powerful men in China — allies of President Xi Jinping with longstanding ties and deep experience with the United States — have been casting about for a better understanding of Mr. Trump and how to respond to his combative trade agenda, according to several people they have consulted.
Vice President Wang Qishan has met in recent weeks with a series of American business lead..