Barney Macintyre
Climate Reporter at Tortoise
Business/climate reporter @tortoise. Writing the Boardroom Sensemaker. Email me: [email protected]
Articles
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1 week ago |
observer.co.uk | Barney Macintyre
Neom has ordered a review of the scope and priority of projects after an emergency board meeting last week, putting in doubt hundreds of millions of dollars in contracts to companies advising Saudi Arabia on its $500bn project to build a city of the future. Staff have yet to be paid their bonuses for 2024, despite receiving them in early March the previous year, according to two people working on the project who spoke to The Observer.
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3 weeks ago |
tortoisemedia.com | Barney Macintyre
The IMF has jettisoned its predictions for the world economy in the wake of Donald Trump’s sweeping tariffs, forecasting lower global growth than it did in January. The US and UK both had upward revisions in inflation and downgrades in growth for this year, of 0.9 and 0.5 percentage points respectively. Spain was an outlier among advanced economies, with growth revised upwards to 2.5 per cent for 2025.
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1 month ago |
tortoisemedia.com | Barney Macintyre
The Trump administration is considering giving more support to farmers because of fears the trade war it started with China could cripple food producers, many of them in Republican states. During his first trade scrap with Beijing in 2018, Trump gave $28 billion in bailouts to stabilise US agriculture, but some regions still haven’t recovered. Beef exports from Utah are down 15 per cent since 2018 due to reduced Chinese demand and shifts to Brazilian suppliers.
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1 month ago |
tortoisemedia.com | Barney Macintyre
But the White House says it’s simply reassuring markets At 9.37am on Wednesday, shortly after the opening of the New York Stock Exchange, Donald Trump posted a message on Truth Social: “THIS IS A GREAT TIME TO BUY!!!” he wrote, followed by his initials (DJT) and the ticker ID for his listed company, Trump Media & Technology Group. At 1.18pm he announced a 90-day pause on tariffs and sent the stock market soaring. Trump Media had its strongest day this year. So what?
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1 month ago |
tortoisemedia.com | Barney Macintyre
But plenty of damage has already been done Donald Trump has announced a 90-day pause in additional tariffs for all countries except China. He said he made the decision because more than 75 countries called to “kiss his ass”. So what? Ego isn’t the only reason he backed down. A rout in US government bonds – the safety net for the global economy – forced his hand. So did opposition from his billionaire allies feeling pain on the stock market.
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NEOM, the $500bn megacity being built in Saudi Arabia, has yet to pay bonuses to staff this year, fuelling concerns MBS’s scheme faces a cash crunch and is going to be redrawn. Is this the end of the big boondoggle in the desert? Me for @ObserverUK https://t.co/aXEuMeisoC
RT @katie__riley: Most of us have been very quiet about the future of Tortoise over the past few months – largely, it should be said, out o…
RT @RebeccaHBM: Chuffed that someone like Mishal Husain enjoyed the podcast I worked on with @barneymac back in June. Last year the CBI wa…