Joe Biden is riding a wave of optimism following the passage of his $1.9trillion (£1.4trillion) fiscal package.
There may be more to come should the White House manage to steer proposals for a further £1.44trillion of climate change and infrastructure spending through a Congress jittery about debt levels.
As the International Monetary Fund’s spring World Economic Outlook makes clear, the US spending and cash splurge of £3.6trillion and still counting is a gift to output in the advanced world.
Deep pockets: Joe Biden is riding a wave of optimism following the passage of his $1.9trillion fiscal package
The Fund, which was in despair about global prospects a year ago, has lifted its global growth forecast to 6 per cent this year and 4.4 per cent in 2022.
ALEX BRUMMER: IMF perks up its forecast after Uncle Sam saves the day thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.
Allied Universal Acquires G4S plc; Creating A Global Integrated Security Services Leader
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SANTA ANA, Calif., April 6, 2021 /PRNewswire/ Allied Universal, a leading security and facility services company in North America, is pleased to announce the acquisition of G4S plc. This acquisition is now able to complete as Allied Universal has satisfied or waived all of the required offer conditions, including the required antitrust and regulatory approvals. At the offer price of 245p per G4S share, the acquisition value is £3.8bn.
Allied Universal is now the 3
rd largest employer in North America and the 7
Allied Universal Acquires G4S plc; Creating A Global Integrated Security Services Leader prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Who would have thought it? The dusty, slow to act, legalistic and over-cautious City regulator, the Financial Conduct Authority (FCA), daring to bring criminal money laundering charges against Natwest.
The decision to steam ahead by fresh chief executive Nikhil Rathi indicates that regime change could mark a new era of activism.
If that is the case then Neil Woodford, subject of a probe into the implosion of his investment empire, better look out. Even Greensill, which so far has managed to slip between the cracks in UK regulation of shadow banks, could be in the firing line.
New sheriff in town? FCA chief exec Nikhil Rathi s decision to charge Natwest with Money Laundering indicates that regime change could mark a new era of activism