Faisal Islam
@faisalislam • 367,534 subscribers
Econ Editor, BBC News. Newsnight presenter. Host award-winning EUref TV interviews & 2017 GE debate. United ST. occasional Eurovision vocalist 😆
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Incredible… the story is actually not a parody. just had confirmed live on BBC Breakfast, from here in Davos, that yes, President Trump sent THAT note to the Norwegian PM saying that because they hadn’t given the Nobel Peace Prize, he could now justify owning Greenland.
Faisal Islam2,252,925 Aufrufe • vor 4 Monaten
WATCH: UK’s most important new factory - opening next year: Tonight as part of my UK GDP report ive been to Somerset Agratas factory which from next year will be manufacturing made in Britain EV batteries that will enable JLR exports to the EU and US… Absolutely fascinating:
Faisal Islam124,247 Aufrufe • vor 28 Tagen
🔥 Latest from Davos: for BBC News (UK) - US Treasury Secretary Scott Bessent in a church tells Europe to keep the faith over the US President and “Don’t Panic” over Greenland but acknowledges Trump’s “threats” to allies - US investor tells me that Trump is trying to do a giant “real estate deal” to grow the physical landmass of the US bigger than Canada by acquiring Greenland - a joke, I assume, - top Trump first term adviser and tech titan tells me “Greenland will stay Greenland” and invading it is “on the edge” after private talks with Congressional figures and US business elite here last night. - Extraordinary and surreal
Faisal Islam604,291 Aufrufe • vor 4 Monaten
NEW No rethink on North Sea exploration as a result of Gulf crisis: Miliband: The “one clear lesson” of the crisis in the was to “get off the fossil fuel rollercoaster” “new exploration licences in the North Sea, will not take a penny off people's bills” he tells me.
Faisal Islam146,784 Aufrufe • vor 3 Monaten
NEW As a Chinese made car hits number 1 in UK, and so far this year 15% of UK registrations have been made in China brands (about 1.3% only 5 years ago) I visited possibly the most important new factory in the UK - the facility that will provide Electric Vehicle batteries for JLR from next year, run by its sister company Agratas in Somerset. Cells from raw materials, made in the UK. Govt just confirmed £380m of funding, Peter Kyle tells me there it is exactly the sort of development needed for resilience and to avoid reliance in Chinese battery supply chains… At the same time he says that Britain “should not fear” this rise of China, that there are parallels with Japan’s car export surge in the 1990s and he’d “absolutely welcome” investment in UK factories from China… he suggests that right now this is the focus, after his two visits to China. Partly this surge in the UK is a result of the UK not levying extra tariffs unlike the EU and US… Canada rowed back on some of these tariffs (subject to quota) after Carney visited.
Faisal Islam95,062 Aufrufe • vor 2 Monaten
NEW & EXCLUSIVE Bank of England Governor Andrew Bailey tells BBC News at Ten at the IMF Meeting that the world is facing a “very big energy shock” but that “it won’t rush to judgement” on rate rises… talk of four this year “seriously” “way ahead of yourself”… MORE soon
Faisal Islam64,375 Aufrufe • vor 1 Monat
“Very serious”… “at least we know where the Strait of Hormuz is” Genuine concern here at IMF meetings among finance ministers and bankers about the consequences of the release of the super powerful Mythos AI mode by Anthropic on banking system security… my latest featuring, canadian finance minister François-Philippe Champagne (FPC) 🇨🇦 Barclays CEO CS Venkatakrishnan, and Bank of England Governor Andrew Bailey who raised it with me unprompted:
Faisal Islam60,083 Aufrufe • vor 1 Monat
Live from Davos🚨 Quite the moment for the world, & how the world is run Donald Trump may want to enter Davos like a new sheriff with new rules for the world, his own rules, perhaps no rules. But there are signs here the rest of the world is now on alert, ready to push back.
Faisal Islam135,575 Aufrufe • vor 4 Monaten
NEW 🚨 German finance minister Lindner tells me: “this a standing invitation for the UK if you want to intensify your trade relationship with EU - Call Us!” Saying post Brexit trade barriers “new obstacles in daily business life” are not benefitting German business or the UK
Faisal Islam644,667 Aufrufe • vor 2 Jahren
NEW “We want that pattern to end” Rachel Reeves says of the historic trend of top UK science and inventions only being commercialised in the US/ Silicon Valley, as the Government invests £2bn in quantum computing ahead of her Mais lecture on long term growth for the UK economy… The Chancellor spoke to me for BBC Breakfast and BBC News (UK) at the National Quantum Computing Centre in Oxford ahead of her Mais Lecture at Bayes Business School this afternoon setting out what she called long term “big choices” in the economy, making the UK the fastest adopter of AI in the G7, alignment with EU in multiple sectors and regional growth corridors Oxford-Cambridge (canary wharf style development powers for Oxford) and northern cities… All this against a backdrop of clouds from global crisis again re growth and living standards…
Faisal Islam68,171 Aufrufe • vor 2 Monaten
“The real problem will be, if fertiliser is not available three months from today, and we reach the planting size season of the developing world, of the non northern countries, then we start getting into a difficult cycle on food availability..” Ajay Banga World Bank President: Four Days at IMF, 7 newsworthy interviews with most of the G7 finance ministers, Bank of England Governor exclusive, World Bank President with BBC News (UK) about this moment of extraordinary geopolitical and economic uncertainty affecting prices, growth, interest rates, and with concerns beyond the Gulf - private credit & Mythos: Will post all in full separately here, but ICYMI: 1. World Bank President Ajay Banga:
Faisal Islam36,563 Aufrufe • vor 1 Monat
Never seen such a disconnect between the economists who track where rates go, and the market assumptions… Another City economist predicting the next move is DOWN later this year… market implied expectations of 2-3 RAISES this year (4 yesterday morning) … clearly this is impacting mortgage market. From the Governor’s interview on Thursday it seemed clear to me that “hold” meant “hold” and he specifically said “There is no question in my mind, that the best and most appropriate solution to this problem is not monetary policy, is to reopen the Strait of Hormuz,”
Faisal Islam48,615 Aufrufe • vor 2 Monaten
astonishing in context… Fed Chair Jerome Powell in July publicly contradicted President Trump on “inspection” visit re cost over run note saying it referred to entirely different project Powell now gets criminal subpoena from Trump DoJ, says pretext for interfering in rates
Faisal Islam78,768 Aufrufe • vor 4 Monaten
Very interesting from former chair of the Joint Intelligence Committee Peter Ricketts on BBC Newsnight last night I asked given Canada taking seriously based on bilateral conversations US annexation threats, water supplies, borders… would the UK back Commonwealth ally?
Faisal Islam194,418 Aufrufe • vor 1 Jahr
Twelve years on… it’s Mario Draghi “whatever it takes” day, made at the London Olympics investment conference… a model of the power of a central banker with credibility facing down significant market pressure… unscripted, one of the most important speeches this century…
Faisal Islam160,767 Aufrufe • vor 1 Jahr
NEW Spoke to French finance minister & current G7 chair Roland Lescure here at the IMF “Going to take a while to reopen the Strait of Hormuz” Iran using the world economy as a weapon high gas prices from Iran war now hitting the US UK and France will work together to reopen Strait, after peace deal, starting with summit on Friday. He also said he was an Anglophile, regretted Brexit, and France would be “flexible” on renegotiation but “no free lunch”….
Faisal Islam20,084 Aufrufe • vor 1 Monat
That in turn was prompted by a very interesting Big Boss Interview with Tom Beahon the CEO of British sports marque Castore, Manchester-based who raved about Manchester as a place to start a business, built on access to a destination for talent, and the role of Mayor Burnham, within that, which I haven’t really got into in the piece, because that’s a separate issue, and it’s clear the strategy has been in place since the late 1990s with Bernstein/ Leese/ Sir Bob Scott’s Olympic bid. But it is interesting to hear a business leader talking in these terms about anywhere in the UK… it’s almost a different language of optimism and positivity… it is quite different from the debate in what might be called the Westminster bubble
Faisal Islam30,330 Aufrufe • vor 3 Monaten