English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese
air-and-sea-aid-response-to-irma-and-mariaTORTOLA: September 22, 2017. With Hurricane Maria causing structural damage and power outages as it passes the Turks & Caicos...
turkish-airlines-to-order-40-dreamlinersNEW YORK: September 21, 2017. Boeing and the Turkish government plan to develop Turkey's aerospace industry with the launch of a...
fedex-q1-results-hit-by-tnt-cyberattackMEMPHIS/MIAMI: September 20, 2017. FedEx Corporation has reported adjusted first quarter (Q1) revenue of US$15.3 billion, up from...
colorado-to-consider-hyperloop-one-link-with-wyomingLOS ANGELES, September 21, 2017. Hyperloop One is partnering with the Colorado Department of Transportation (CDoT) to determine the...
rail-freight-up-19-percent-between-russia-and-chinaMOSCOW: September 20, 2017. Russian Railways' president Oleg Belozerov has reported a 6.9 percent increase in rail freight revenue...
cma-cgm-to-deliver-irma-humanitarian-aidMARSEILLE, September 13, 2017. The French government has asked CMA CGM to ship 46 modular living containers, food and vehicles from...

Boris the Blowhard

Direct Investment into BritainLONDON: February 23, 2016. Latest UK government statistics claim Britain is Europe’s No.1 destination for foreign direct investment (FDI) with the total now exceeding £1.06 trillion. In 2015 the country attracted US$35 billion or 28 percent of Europe’s FDI total.

By comparison German FDI totaled US$7 billion last year, Poland and France had US$6 billion each, and Romania and Ireland US$5 billion respectively.

According to the OECD, in 2014 Britain was the world’s third most attractive investment market behind the United States (US$5.4 trillion) and China (US$2.7 trillion).

With Britain facing an ‘In/Out’ Europe referendum in June, Mayor of London Boris Johnson has already demonstrated the economic consequences of speaking in self-serving riddles. On February 22, Sterling dropped like a rock against the Dollar following Johnson’s theatrical declaration he would support leaving the European Union.

With the European Investment Bank's £1.0 billion stake in the Mayor's Crossrail project, hopefully it and other investors, together with the majority of Britain’s electorate, won’t be swayed by Boris the Blowhard's behavior.

- Simon Keeble is the editor of Freightweek.

- powered by Quickchilli.com -