Thursday 11th March 2021
Lex Greensill’s finance company had strong backing and a business model providing services that were in high demand, providing cash flow for companies by paying for invoices as they were issued. But this week, somehow, it all came crashing down and many companies around the world are caught up in the fallout. That includes Liberty Steel, the firm that bailed out the British steel industry as Tata were set to walk away from the country. Today economist Steve Keen talks through the Greensill business model and what the government should be doing about steel supplies.
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The Wireless Winners
The latest from the Mobile Congress in Melbourne, plus news on how carriers are preparing to cope with increased demand for bandwidth and speed.
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Brexit date determined today; US China trade talks could take months
Today was the day the UK was to leave the EU – we’ll get a new date today. NAB’s Tapas Strickland talks about procrastination in US China trade talks too, which isn’t helping the global slowdown.
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Too much oil, hope for Mexico and ECB on hold?
Big falls in employment numbers in the US, but NAB’s Ray Attrill says the Fed’s Beige Book points to a US economy doing well. So what does this mean for rate cut expectations? Plus, what will the ECB say today?
