Dove Magazine
BUSINESS

As the election haze clears, Trump’s China conundrum will become clear

Donald Trump’s intention to slap a 45% tariff on Chinese goods is unlikely to be welcomed by the country’s president, Xi Jinping. Photograph: Fred Dufour/AFP/Getty Images

Donald Trump’s intention to slap a 45% tariff on Chinese goods is unlikely to be welcomed by the country’s president, Xi Jinping. Photograph: Fred Dufour/AFP/Getty Images It may well be the greatest test of whether the cold reality of office dampens the campaign rhetoric of the next occupant of the White House. Out on the […]

My house has negative equity – can I sell it and switch to a new mortgage?

Some banks provide mortgages to borrowers in negative equity who want to move home. Photograph: Alamy

Some banks provide mortgages to borrowers in negative equity who want to move home. Photograph: Alamy Q I want to sell my terraced house. It is valued at £45,000 but my mortgage is over £65,000 so if I sold my house would I be able to carry the amount over to a new mortgage? What […]

How Reporters Pulled Off the Panama Papers, the Biggest Leak in Whistleblower History

panama-papers

WHEN DANIEL ELLSBERG photocopied and leaked the Pentagon Papers to the New York Times in 1971, those 7,000 pages of top secret Vietnam War documents represented what was then the biggest whistleblower leak in history—a couple dozen megabytes if it were contained in a modern text file. Almost four decades later, WikiLeaks in 2010 published […]

U.S. says BP to pay $20 billion in fines for 2010 oil spill

Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon, off Louisiana, in this handout photograph taken on April 21, 2010 and obtained on April 22. REUTERS/U.S. Coast Guard/Handout

BP Plc will pay more than $20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago, marking the largest corporate settlement of its kind in U.S. history, Attorney General Loretta Lynch said on Monday. The agreement, first outlined in July, adds to the $43.8 billion […]

Do lenders make clear the risks of microfinance loans?

Chrystelle Oga, a seamstress in Benin, runs a tailoring shop using a loan from a microfinance institution. Photograph: Godong/Alamy

Chrystelle Oga, a seamstress in Benin, runs a tailoring shop using a loan from a microfinance institution. Photograph: Godong/Alamy With 700m new accounts opened between 2011 and 2014, more people than ever have a bank or mobile money account. But many of the new consumers are in poor countries, and people with low incomes are […]

George Osborne accused of hitting most vulnerable with tax plans

George Osborne, who delivers his budget on Wednesday. Photograph: Toby Melville/Reuters

George Osborne, who delivers his budget on Wednesday. Photograph: Toby Melville/Reuters Chancellor George Osborne is under pressure to shelve promised tax cuts for the well-off as he looks to plug a massive and unexpected black hole in the public finances. In his budget on Wednesday, Osborne faces one of his toughest political and economic tests […]

Barclays and Credit Suisse to pay biggest ever fines for dark pool trading

New York state’s attorney general Eric Schneiderman announces a securities fraud lawsuit against Barclays in 2014. Photograph: John Minchillo/AP

New York state’s attorney general Eric Schneiderman announces a securities fraud lawsuit against Barclays in 2014. Photograph: John Minchillo/AP Barclays and Credit Suisse are paying more than $150m (£105m) to settle charges that they misled investors who used their dark pool trading platforms, according to reports. The US Securities and Exchange Commission and the New […]

Fourth industrial revolution set to benefit richest, UBS report says

Oxford University research found that up to 35% of all workers in the UK could find their jobs at risk from robots. Photograph: Don Farrall/Getty Images

Oxford University research found that up to 35% of all workers in the UK could find their jobs at risk from robots. Photograph: Don Farrall/Getty Images The richest stand to gain more from the introduction of new technology than those in poorer sections of society, according to a report which warns that policymakers may be […]

2016’s Stock Market Is Like 2002 All Over Again

Scott Berreth, a derrick hand for Raven Drilling, works on an oil rig drilling into the Bakken shale formation on July 28, 2013 outside Watford City, North Dakota. (Andrew Burton:Getty Images)

In 2002, I was trading Index Arbitrage at Lehman Brothers. I mostly traded NDX Index Arbitrage: the NASDAQ-100 Index. In 2000, the index was near 5000. By the time I arrived at Lehman, it was down to 1700. Imagine my surprise when it went under 1000. It even went under 800 in October. That’s a […]

Kuwait Airways Drops Flights to Avoid Israeli Passengers

Kuwait Airways will operate its last flight between New York City and London on Saturday, deciding last month to drop the route after about 35 years of service rather than transport Israeli citizens between the two cities. The Transportation Department found in September that the airline’s policy discriminated against Israeli citizens and ordered the practice […]

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