Can UK trade come up Trumps?: CNBC’s UK Exchange newsletter
This report is from this week’s CNBC’s UK Stock Exchange Bulletin. As you can see? You can subscribe Here.
Distribution
Donald Trump is the first US President The two state visits were not even given to Bill Clinton, George W. Bush or Ronald Reagan-two-term president who benefited from warm relations with the British Prime Minister of the day.
The opportunity to deepen the trade and business relations between the United States and the United Kingdom in this honor is more softly treated than Trump when it releases the “Liberation Day” tariffs in the world in April.
President Donald Trump controls an honor protection with King Charles.
Jeff J Mitchell | Getty Images News | Getty Images
The UK frequently uses the soft power of the monarchy to provide state visits to the countries it wants deeper trade ties.
The late Queen II. In three years on the throne, King III.
So “Tiara diplomacy” is not new. Only as the UK economy stagnate, it seems to be more continuing to this special visit.
His mother helps Trump, who was born in Scotland, to love England – something that cannot be said for Joe Biden or two premise Barack Obama.
This offers a unique opportunity to gain goodness with Trump when trade and diplomacy returns around the US President for decades.
The trade and investment element of state visits has recently increased.
XI’s visit to October 2015 participated in an investment summit at Mansion House in the city with the Chinese President David Cameron.
The couple also visited the plow in Cadsden in Buckinghamshire, a pub, a public residence of the British prime ministers, where Xi’s Greene King Ipa (Indian breathing ale) a pint of Greene King Ipa (Indian breathing).
Pub has been a magnet for Chinese tourists since then, and Greene King was purchased in 2019 by CK Asset Holdings, which was founded by Hong Kong’s richest man Li Ka-shing, for £ 4.6 billion.
Sometimes visits are more to support British investment in other places, as in 2016, when the Queen’s Colombian President Juan Manuel Santos also hosted Calderon.
Although agreements were made to reduce the tax burden on companies investing in two countries, export financing of £ 1 billion was announced to support British companies participating in energy and health projects in Latin American country.
However, from time to time, the second comes to trade and investment diplomacy.
French President Emmanuel Macron’s visit to the state in July this year, an EU political leader (King of the Netherlands and Queen visited in 2018), former French President Boris Johnson and Liz Truss, and the attempt to repair the relations by the former French President Boris Johnson and Liz Truss, Macron’s “friend or foe”.
However, this visit is entirely about trade, and considering the love of Trump’s love to define the events in which he is “the biggest and best”, it will be great in terms of agreements.
Deal Bonanza
Weekend, appeared Nvidia And Openai will announce a joint billions of pounds in a data center project in Northumberland, which was initiated by the quality technology services of a data center company owned by private capital giant Blackstone.
NVIDIA CEO Jensen Huang, Openai CEO Sam Altman and Blackstone’s founder and General Manager Stephen Schwarzman’ın Windsor Castle is reported to accompany the state feast.
It is said that the invited others contain Larry Fink, the founder and general manager of the asset management giant Blackrock, which is expected to announce an investment of 700 million dollars in Apple General Manager Tim Cook and the UK data centers.
These data centers will require plenty of energy, and for this purpose, an agreement between the two governments to build companies to build new nuclear energy stations in both countries.
These include the plans of Maryland -based nuclear reactor and fuel design engineer and Centricca to build 12 advanced modular reactors in Hartlepool, Durham, Hartlepool in the north -east of England. In addition, potentially British Rolls-RoycePlanning to do this in the USA, to build small modular reactors at home
And the announcements continued to come. Monday, Blackstone’un in the next decade of the UK will double the investment of £ 100 billion, while bringing news, yesterday, Google has opened the first UK data center and London -based AI branch Deepmind’i to see that it creates more than 8,000 £ investment.
The UK’s Grand Prize is to establish a kind of “AI sovereignty”, which is defined as Huang was missing during the conversation of Prime Minister Keir Starmer during the London Tech Week in June. This is also consistent with the ambition of selling “packages” “Packages” as a weight against similar proposals around AI infrastructure to allies such as England and South Korea.
Ironically, most of the rowing for these agreements was made by Peter Mandelson, who was dismissed as the US Ambassador to the United States on his relations with the financier Jeffrey Epstein, who was ashamed of the British ambassador last week.
This week, Epstein, especially in the press conferences hosted by Trump and Starmer will be challenging any word – and reminding how these sensitive diplomatic events can recoil.
In 1978, the most famous fame saw that the Late Queen was hiding behind a bush in the Buckingham Palace’s gardens to avoid Nicolae Ceaușescu, and the Romanian dictator could play everything from his room after a warning from the French President Giscard D’Estaing.
In addition, during an open car procession, there is a apocalypse story of a state visit that one of his horses apologized to the guest of the Queen after breaking the wind out loud.
Guest – some of them in 1973, Nigerian leader Jacobu Gowon, others said the others were French President Jacques Chirac in 1996: “Don’t worry, lady, I thought it was one of the horses.”
He hopes the king’s horses will be less flat this week.
– Ian King
Best TV choices in CNBC
Arjun Kharpal from CNBC reports the potential result of Trump’s visit with the UK Technology CEOs.
The UK is falling with large drugs on drug pricing. Ritika Gupta from CNBC is discussing problems with Jimmy Muchetere, Global Health and Industry Equality Research Analyst in Invetec.
The US Ambassador of Obama Anthony Gardner, under the direction of Obama, is discussing Trump’s second state visit to England, including the UK-US trade talks, nuclear agreements and Russian invasion to Ukraine.
– Holly Ellyatt
You need to know
Your week’s quote
” [U.S.-U.K.] The relationship was special and will remain special for many reasons … This is not only military and security, but also economic, will be exhibited on this trip. “
– Anthony Gardner, the US Ambassador of the USA
In markets
UK stocks are trading close to the highest levels of all time. Last week, FTSE 100 It fell by about 0.5%of its earnings.
Meanwhile, Sterling In the last seven trade day, he strengthened against the US dollar and won 1.7% against Greenback.
British government bond market elsewhere, 10 -year gilded yield Approximately 4 basis points higher than last week, but in early September, 4.8% is significant below.
Financial Times Stock Exchange 100 Index last year’s performance.
Appearance
September 17: England Inflation Data for August
September 18: Bank of England Rate Decision
19 September: GFK Consumer Confidence Data
– Holly Ellyatt
