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
singapore-signs-smart-logistics-mou-with-south-koreaSINGAPORE: November 21, 2017. Government enterprise agency IE Singapore has signed an MoU with South Korea's Gyeonggi province to...
decathlon-takes-to-the-railsDOURGES, France: November 16, 2017. Maersk Line and Damco, subsidiaries of A.P. Møller – Mærsk, have completed their first block train...
mia-director-resignsMIAMI: November 14, 2017. Miami-Dade County Aviation Department director and CEO Emilio González, the driving force behind much of...
finland-opens-new-rail-route-to-chinaKOUVOLA, Finland. November 12, 2017. A new weekly rail service between Northern Europe and China launched on November 10 as the first...
truck-manufacturers-face-class-action-lawsuitLONDON: November 14, 2017. UK law firm Collyer Bristow has established a £100 million class action for truck operators that may have...
imd-acknowledges-family-business-excellenceGRAN CANARIA, Canary Islands: November 10, 2017. Swiss business school IMD has recognized global brand management company Pentland...

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 -