Global ESG Market Shrinks After Sizable Drop in US
A US retreat has resulted in an overall decline in the global market for ESG investing. That’s according
2023-11-29 19:19
David Cameron wants post-Brexit Gibraltar deal with Spain ‘as soon as possible’
The UK and Spain are close to agreeing a deal on the post-Brexit status of Gibraltar, the Spanish foreign minister has indicated. A spokesperson for the Foreign Office said Lord Cameron had underlined the UK’s desire to get “a UK-EU treaty on Gibraltar as soon as possible” during his discussion with counterpart Jose Manuel Albares. Mr Albares first revealed he had been in crunch talks with Rishi Sunak’s new foreign secretary David Cameron on resolving the long-running row over trade and immigration arrangements. He told Spanish media that he had spoken with Lord Cameron over the phone on Monday, and they had also agreed to meet in person during a Brussels summit on Tuesday. The Spanish minister suggested the outline of a deal was now in place for a “zone of shared prosperity” in the Spanish area next to the British territory to avoid a hard border on the flow of people and goods. “I would sign a deal with Britain over Gibraltar tomorrow,” Mr Albares told the television channel Telecinco – saying both sides “agree that we have to move forward as soon as possible”. A UK-EU deal on arrangements for Gibraltar’s border – primarily on trade and free movement – was not struck in time for the Brexit deal worked out by Boris Johnson’s government. Conservative ministers have been nervous about signing any bilateral deal that could be viewed as reducing British influence over the territory. The Spanish foreign ministry has said the deal would allow Spain to use the Schengen agreement – which allows for the free movement of EU citizens around the bloc – to ease controls on the movement of people. Spain, the UK and the EU have previously agreed to the principle that Gibraltar should remain part of EU agreements on free movement. Mr Albares suggested the UK was also now keen on a frictionless border when it comes to the movement of goods – something akin to the thorny arrangements for Northern Ireland His ministry said a “zone of shared prosperity” deal would see limited checks “without increasing the risks for the EU internal market” – meaning the UK would have to agree to alignment on Brussels regulations. The Spanish foreign minister told reporters in Brussels: “I think this deal … is better for everyone than the application of European legislation after British citizens democratically decided to leave the European Union.” “There’s already been political will on the part of the Spanish government for many months,” Mr Albares said on the “generous and balanced deal on the table”. He added: “What’s needed now is that political will on the part of the United Kingdom to move forward decisively, which is what I’ve seen so far. But we won’t know until the end. Nothing will be agreed until it’s all agreed.” Despite optimism that a deal is now close, there was no word from Lord Cameron’s team on the prospects of an agreement being signed within days. Britain’s decision to leave the EU was very unpopular in the British overseas territory, where thousands of people cross the border with Spain every day for work. Just over 95 per cent of the territory’s population voted to stay in the EU in the 2016 referendum. The territory’s business leaders have been keen for a deal to be struck. Brian Reyes, editor of the Gibraltar Chronicle wrote: “Seven years on [from the Brexit referendum], the Brexit levanter still hangs over our heads.” Meanwhile, Lord Cameron is expected to try to meet EU Commission vice-president Maros Sefcovic during his Brussels summit visit – his first trip to the EU capital since his fateful Brexit referendum. The foreign secretary is reportedly ready to raise the issue of post-Brexit tariffs set to be imposed on the automobile industry into force in January if he meets Mr Sefcovic this week. Mr Sunak’s government is pushing the EU Commission to agree to delay the costly new “rules of origin” set to damage the electric vehicle (EV) market due to come in at the start of 2024 as part of Mr Johnson’s trade deal. The Independent has contacted Lord Cameron’s team and the Foreign Commonwealth and Development Office (FCDO) for comment. Read More ‘History and justice’ on side of Greek claim to Elgin Marbles, says minister Brexit red tape risks extending inflation crisis, retailers warn ‘Terrible legacy’ left by death of Bloody Sunday Parachute Regiment commander Hamas to release more hostages as thousands set for Gaza ceasefire march Lord Cameron says UK needs to engage with China Israeli safety depends on long-term Palestinian ‘security’, warns Cameron
2023-11-29 18:59
Wall Street Expects European Stocks to Trail US Peers Again
Warnings about the glum outlook for European equities next year are growing, with strategists at JPMorgan Chase &
2023-11-29 18:55
HSBC CEO Says Bonuses Should Remain ‘Sensible’ Even Without Cap
HSBC Holdings Plc Chief Executive Officer Noel Quinn said the UK’s move to scrap the cap on bankers’
2023-11-29 18:50
OECD Warns Global Economy Risks Losing Momentum
The world’s advanced economies are heading into a deepening slowdown as markedly higher interest rates take a hefty
2023-11-29 18:22
Rising Taxes to Squeeze UK Living Standards for Longer, OECD Says
Rising taxes mean UK households face several more years of falling living standards even though inflation is coming
2023-11-29 18:20
UK Watchdog to Examine Supermarket Two-Tier Pricing Plans
Britain’s antitrust watchdog will investigate a two-tier pricing system developing in supermarkets as a result of loyalty programs
2023-11-29 18:00
Greek Premier Sees No Impact on UK Relations From Elgin Marbles Feud
Greece’s relationship with the UK won’t be affected by Prime Minister Rishi Sunak’s decision to cancel a planned
2023-11-29 17:55
Halfords Slumps After UK Automotive Retailer Cuts Guidance
Halfords Group Plc slid as much as 22% on Wednesday after the British automotive and bicycling retailer cut
2023-11-29 17:46
The Savoy hotel review: Expect to be treated like royalty at London’s iconic Grande Dame (for a price)
In a nutshell: The grande dame of luxury London hotels, with a remarkable history and stellar service. Expect to be treated like royalty – for a price. The neighbourhood Only the heart of central London, my dear. Opened in 1889, London’s first luxury hotel is located on a bend of the River Thames on the Strand. Reached via Savoy Court – the only road in the UK where cars must drive on the right to enable guests to board and exit from the driver’s side of a car – this Grade II listed building benefits from being both perfectly situated for some of the city’s superlative attractions, while also transporting you to an altogether more magical place. It enjoys enviable access to some of London’s most popular cultural institutions, including the Royal Opera House, Somerset House, the National Gallery, the Courtauld Institute of Art and the National Portrait Gallery; and with a plum position in Theatreland, the Lyceum, Vaudeville, Adelphi, Duchess, Novello and Aldwych theatres are all just minutes away, in addition to the Savoy’s own namesake playhouse. The Victoria Embankment Gardens and Cleopatra’s Needle are situated at the rear of the hotel, while the South Bank and its attractions – including the Royal Festival Hall, National Theatre, Southbank Centre, Hayward Gallery and London Eye – are across the water. Read more on London travel: The best London hotels Where to shop and stay in London How to do winter in London right The vibe Opulent, old-school glamour without the stuffiness. Guests pass through the famous Art Deco front entrance before being ushered into the mahogany-panelled arrival hall, complete with marble columns, a black-and-white checkerboard marble floor, and plentiful vases of freshly cut floral displays. Luxury practically oozes from the walls, as does history; the roll-call of previous guests includes literary figures (Oscar Wilde, F Scott Fitzgerald, Mark Twain), former prime ministers (Winston Churchill), royalty (Queen Elizabeth II) and stars of stage and screen (Marlene Dietrich, Marilyn Monroe, Frank Sinatra, Elizabeth Taylor, Bob Dylan, The Beatles, Charlie Chaplin, Rihanna and Taylor Swift). The aesthetic is largely split between Art Deco and Edwardian, whether you’re sipping afternoon tea in the grand, light-filled Thames Foyer, complete with glass-domed atrium and winter garden gazebo, or quaffing fizz and celeb-spotting in the American Bar, London’s longest-surviving cocktail bar. Bed and bath The Savoy is home to 267 luxury guest rooms and suites decorated in a classic Edwardian or Art Deco style, ranging from Superior Queen Rooms, replete with marble bathrooms and bespoke Penhaligon’s toiletries, to the landmark Royal Suite (from £15,875 per night) designed by Gucci, whose founder worked at The Savoy as a luggage porter and lift boy as a young man. Many of the rooms feature outstanding panoramic views across the River Thames and South Bank that take in some of London’s most famous landmarks, including Big Ben, the London Eye and Oxo Tower. Suites include complimentary minibars, free-standing bathtubs and rainwater showers, Murano glass chandeliers, his and hers washbasins, chauffeur and butler services – and Boodles catalogues, in the event you fancy dropping six figures on some ice. Food and drink The American Bar is possibly one of the most famous hotel bars in the world, making a visit an essential element of any trip to London. Opened in 1893, its influence is global when it comes to the art of mixology, with celebrated bartenders creating the Hanky Panky, the White Lady, Prairie Oyster (as devoured by Sally Bowles in Cabaret) and the Moon Walk, Neil Armstrong’s bespoke concoction and first drink after his legendary trip to space. Famous patrons include Ernest Hemingway, Winston Churchill (a regular who kept his own bottle of whisky here), and F Scott Fitzgerald, while photographs of other acclaimed visitors can be found on the walls. Service is exquisite and discreet while the vibe is chic, with a pianist tickling the ivories. The newer Beaufort Bar, open Thursday to Saturday for champagne and cocktails, is the epitome of cocktail glamour, with black velvet furnishings, dim lighting and thousands of pounds worth of gold leaf on the walls. Dress up for this date night destination, which is also home to the original stage where George Gershwin performed the British premiere of “Rhapsody in Blue”. Competing with London’s culinary offerings is no mean feat, but the Savoy’s three restaurants – all of which are franchised to multi-Michelin-star awarded celebrity chef Gordon Ramsay – are more than fit for purpose. Specialising in shellfish and seafood, the River Restaurant is an absolute treat for pescatarians. The beef wellington – a house special – is also worth splashing out on, with juicy, tender meat encased in crisp and flaky pastry. Book a seat by the window and indulge in a seafood platter for the ultimate decadent dining experience. Described by Ramsay as the definition of “gourmet glamour”, the famous Savoy Grill’s sumptuous interiors – mirrored walls and plush velvets – have recently undergone a makeover to evoke the razzle-dazzle of the 1920s. Former regulars include the Queen Mother, Elizabeth Taylor, Noel Coward and Alfred Hitchcock; it’s also the place where Hollywood royalty, Vivien Leigh and Laurence Olivier, first set eyes on each other, with Leigh declaring then and there that she would marry Olivier. Hero dishes include lobster thermidor, Louet-Feisser oysters and duck a l’orange. Elsewhere, the more intimate Restaurant 1890 has just 26 covers and offers a modern French tasting menu that takes inspiration from influential former Savoy chef and culinary pioneer, Georges Auguste Escoffier. Located above the hotel entrance, try and bag a window seat for the ultimate people watching spot. Public areas Even the hotel’s lobby offers a sumptuous place to take the weight off your feet and soak up the atmosphere. Guests preferring to indulge further can head to the beauty and fitness centre. In addition to a range of treatments, such as massages and facials, resident and non-resident guests and members can take a dip in the 10m pool, equipped with a jet stream to swim against the current. The men’s and women’s changing areas also include a cosy sauna and steam room. A gym with weights and cardiovascular equipment is adjacent. Nuts and bolts Room count: 237 Freebies: Standard rooms provide complimentary tea, coffee, soft drinks and two beers, while suites extend this to include welcome drinks and butler service (one item of clothing for pressing per guest). Wifi: Free. Extra charges: None. Early check-in and late check-out are subject to availability, with charges determined on a case-by-case basis. Disability access: There are three accessible Deluxe King rooms, which feature wheel-in-shower and accessible-friendly amenities. All dining and bar venues are accessible; staff are available to assist guests with step-free routes. Pet policy: Well behaved pets up to 20lbs are welcome within the Savoy’s suites and rooms for a daily charge of £25. They are also welcome at the River Restaurant by Gordon Ramsay. Bottom line Best thing: The service is exceptional. That, and the sheer, unadulterated glamour, darling. Worst thing: The spa is on the petite side. Perfect for: A special occasion. Treat yourself – or someone else. It’s an unforgettable experience. Not right for: Large, noisy groups. Have some decorum! Instagram from: The dramatic red lift. London’s first electric lift was dubbed “an ascending room” by founder Richard D’Oyly Carte, with nervous passengers handed a glass of brandy to calm their nerves before entering. Its historic status, plus gold doors, red lacquer interior and leather bench for two make it an ideal place for posing. thesavoylondon.com Read more of our best luxury London hotel reviews Read More The best luxury hotels in London for a stylish city break The best spa hotels in London for pampering and indulgence Best boutique hotels in London 2022 How to do winter in London right Could a night at this ‘sleep retreat’ cure my insomnia? Loch Fyne Hotel and Spa, the ultimate secluded stay in the Scottish Highlands
2023-11-29 17:17
Blackstone’s Flex Offices Biggest in London as WeWork Retreats
Blackstone Inc. has quietly built the largest flexible office brand in London’s central districts. The private equity firm’s
2023-11-29 08:24
US Senate to take up Israel, Ukraine aid as soon as next week - Schumer
WASHINGTON The U.S. Senate will begin consideration of a package including aid for Israel and Ukraine as soon
2023-11-29 04:56