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Jamie Dimon - 3 Sunak - 3 Dimon - 2 — - 2 Rishi Sunak - 2 Mark Potter - 2 Rishi - 2 Alan Johnson - 2
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8 mentions found


☆ JPMorgan CEO Jamie Dimon signals retirement is closer than ever
  + stars: | 2024-05-20 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
Jamie Dimon, CEO of JPMorgan Chase, at the U.K. Jamie Dimon's days as CEO of JPMorgan Chase are numbered — though its unclear by how much. In a response to a question Monday about the bank's succession planning, Dimon indicated that his expected tenure is less than five more years. That's a key change from Dimon's previous responses to succession questions, in which his standard answer had been that retirement was perpetually five years away. Even when he steps down as CEO, however, it's likely he will stay on as the bank's chairman, JPMorgan has said.
Persons: Jamie Dimon, JPMorgan Chase, Jamie Dimon's, That's, Dimon, I've, Marianne Lake, Jennifer Piepszak, it's Organizations: JPMorgan, U.K, Global Investment Locations: Hampton, London, York, America
☆ Ousted Tesla cofounder says a canceled $25,000 car could give China 'a chance to really spread'
  + stars: | 2024-04-11 | by ( Grace Kay | ) www.businessinsider.com   time to read: +3 min
Tesla cofounder Martin Eberhard expressed disappointment over a report of Tesla canceling its $25,000 EV plans. AdvertisementTesla cofounder Martin Eberhard said a report that the electric-car maker has canceled a $25,000 EV could give China a boost. The billionaire also said Tesla plans to unveil its first robotaxi later this year. The carmaker has been facing pressure from EV companies in China, including BYD, which has been vying with Tesla for the title of top EV seller . Earlier this week, the Tesla CEO said "Chinese car companies are by far the most competitive."
Persons: Tesla, Martin Eberhard, Elon Musk, Eberhard's, —, Eberhard, Musk, Nicolai Tangen, Eberhard butted Organizations: Service, HSBC Global Investment, Reuters, Elon, Norges Bank Investment Locations: China, Hong Kong
☆ Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK
  + stars: | 2024-01-05 | by ( Ryan Browne | ) www.cnbc.com   time to read: +3 min
It comes ahead of tough new rules on the advertising of digital asset products in the country. If a customer fails to complete the tasks successfully, they will be prevented from trading with their crypto account. Coinbase said the changes were made "to ensure we are meeting UK investor protection standards, which require our users to have the necessary knowledge to make informed investment decisions." "We do not expect this to impact user activity in the UK and as always our customer service team is on hand to help with any queries," George Tucker, U.K. general manager of Crypto.com, told CNBC via email. "As an authorised Electronic Money Institution and registered cryptoasset business in the U.K., Crypto.com supports and complies with the FCA's rules and will continue to work with the regulator as we expand our product offering here," Tucker added.
Persons: Brian Armstrong, Daniel LEAL, DANIEL LEAL, Coinbase, George Tucker, Crypto.com, Tucker Organizations: Global Investment, Getty, Financial Services, Markets, Authority, FCA, CNBC Locations: London, Britain, cryptocurrency
☆ JPMorgan boss Jamie Dimon says the US is addicted to debt, and it's created a dangerous sugar high in the economy
  + stars: | 2023-11-28 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +3 min
America's debt problem has caused a dangerous sugar high for the economy, Jamie Dimon said. The JPMorgan chief pointed to the enormous surge of new debt taken on during the pandemic. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe US is practically addicted to debt – and that's put the economy in a dangerous position, according to JPMorgan CEO Jamie Dimon. The rest of the global economy is also staring at a "cocktail" of risks, Dimon added.
Persons: Jamie Dimon, —, that's, Dimon Organizations: JPMorgan, Service, Wall Street, Federal Reserve, Global Investment Summit, Penn Wharton Budget Locations: London
☆ 'Vote of confidence': UK hails $37 billion of foreign investment
  + stars: | 2023-11-26 | by ( Alistair Smout | ) www.reuters.com   time to read: +5 min
Australian funds IFM Investors and Aware Super will pump 10 billion pounds and 5 billion pounds, respectively, into projects ranging from infrastructure and energy transition to affordable housing, Sunak's Downing Street office said in a statement. It added that Spanish power giant Iberdrola (IBE.MC) would add 7 billion pounds to its investment plans in Britain, which include transmission and distribution electricity networks. France has overtaken Britain as the European country with the highest number of new FDI projects. President Emmanuel Macron announced 13 billion euros ($14 billion) of investment commitments in France at a similar FDI gathering in May. "It wants to deal with one person," investment minister Dominic Johnson told Reuters, adding ministers could then have "very strong, frank discussions with the international investment community about how we can make the environment more investable".
Persons: Rishi Sunak, Kemi Badenoch, Sunak's, Iberdrola, Sunak, Emmanuel Macron, Stephen Schwarzman, David Solomon, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Amanda Blanc, Dominic Johnson, IFM, King Charles, William Schomberg, Alistair Smout, Louise Heavens, Mark Potter Organizations: British, Global Investment, Business, IFM, Microsoft, Blackstone, LBC, Nissan, Reuters, Thomson Locations: Hampton, East Molesey, Surrey, Britain, France, Germany, England, Buckingham
☆ Nissan invests $1.4 bln to build two new EV models in Britain
  + stars: | 2023-11-24 | by ( Nick Carey | ) www.reuters.com   time to read: +3 min
Nissan has made its electric Leaf model in Sunderland for years and will continue to do so, with batteries supplied by a small plant at the site. It announced a $1.4 billion investment in 2021 to build a second, 9 gigawatt-hour (GWh) battery plant in Sunderland with Chinese partner Envision AESC. Nissan did not comment on the value of any subsidies or guarantees being provided by Britain. [1/4]Britain's Prime Minister Rishi Sunak and Chancellor of the Exchequer Jeremy Hunt attach a Nissan badge to a car as they visit the car manufacturer, Nissan, in Sunderland, Britain, November 24, 2023. But Sunak, who became prime minister a year ago, is having some success turning that around.
Persons: Rishi, Sunak, Nissan's, Alan Johnson, Rishi Sunak, Jeremy Hunt, Chancellor, Makoto Uchida, Brexit, Nick Carey, Sarah Young, Paul Sandle, Sonali Paul, Mark Potter Organizations: Nissan, Investment Summit, Britain, BBC, Britain's, India's Tata Motors, Rover, Thomson Locations: Sunderland, England, Britain, Europe, EVs
☆ Nissan leads $2.5 billion investment to build two more EVs in UK
  + stars: | 2023-11-24 | by ( ) edition.cnn.com   time to read: +3 min
London — Nissan will pump 1.12 billion pounds ($1.4 billion) into its British plant to build electric versions of two models, offering a boost to the country’s auto industry and a UK prime minister desperate to attract foreign investment. In 2021, the company announced a $1.4 billion investment to build a second, 9 gigawatt-hour (GWh) battery plant in Sunderland with Chinese partner Envision AESC. Its 2021 battery investment was a show of confidence when other foreign investors were avoiding the UK after Brexit led to years of uncertainty around the country’s trading relationships. The Nissan deal comes just months after India’s Tata Motors said it would invest £4 billion ($5 billion) in a UK electric vehicle battery plant to supply its Jaguar Land Rover factories. The automaker’s latest UK investment comes despite Sunak’s decision in September to delay by five years a ban on sales of new petrol cars.
Persons: Rishi, ” Sunak, ” Nissan’s, Alan Johnson, ”, Makoto Uchida, Brexit, Sunak, India’s Tata Organizations: London, Nissan, Investment, BBC, India’s, India’s Tata Motors, Rover, Industry, Tata Locations: Sunderland, England, Britain, Europe
☆ Bill Gates thinks A.I. like ChatGPT is the 'most important' innovation right now
  + stars: | 2023-02-10 | by ( Rohan Goswami | ) www.cnbc.com   time to read: +2 min
Improvements in artificial intelligence are the "most important" innovation at the moment, billionaire philanthropist Bill Gates said in an interview published Friday. Microsoft announced this week that its Bing search engine will be powered in part by ChatGPT AI technology. The optimizations that AI can offer for reading and writing, Gates said, will make a "huge impact." In healthcare and education spaces, Gates continued, AI can tangibly improve efficiency and meaningfully improve outcomes. In other words, traditional AI platforms couldn't actually process the language they were taking in.
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