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Matthew Davies

Matthew Davies

London Business Reporter
Matthew has been working as a financial journalist in London for more than 25 years. For almost 20 years, he was with the business and economics unit of the BBC, where he worked as a reporter, producer and presenter on World Service, delivering reports and programmes from across the United States, Europe and Africa. He also spent several years in Johannesburg as the editor of Africa Business Report, a weekly TV programme on BBC World. In his time, he’s reported from Davos to Detroit, from Estonia to Ethiopia and from Romania to Rwanda. Having initially trained as an accountant with Deloitte, he started his career as a financial journalist on the city desk at Independent Radio News (IRN). He has also worked for ITN, Reuters Television, Bloomberg and CNBC Europe. He has a degree in International Relations, is married and lives in London.
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A group of people thought to be migrants are brought in to Dover, Kent. More than 21,000 illegal migrants have arrived in the UK in small boats since July. PA Photo.
UK minister refuses to set migration deadline as illegal boat crossings continue to rise

Home Secretary, Yvette Cooper, says the rate of illegal Channel crossings is 'far too high'

NewsDecember 15, 2024
Matthew Davies
Shoppers pass the Fortnum & Mason store in London. 'In December, consumers adopted the holding pattern we’ve seen for much of 2024,' said Neil Bellamy, consumer insights director at GfK. Bloomberg
UK economy shrinks for second month with little Christmas boost on the cards

Chancellor Rachel Reeves calls the surprise 0.1 per cent contraction a 'disappointment'

EconomyDecember 13, 2024
Matthew Davies
Heathrow Airport had a record November and is expecting passenger traffic to be 21 per cent higher on Christmas Day. Reuters
Abu Dhabi joins Heathrow 'millionaire club' with record passengers

UAE capital joins cities that see more than a million passengers a year fly to and from London airport

AviationDecember 11, 2024
Matthew Davies
UK Chancellor Rachel Reeves speaks to the press after Prime Minister Keir Starmer's 'Plan for Change' speech at Pinewood Studios near London. Bloomberg
Driven to Dubai? The exodus of rich non-doms from the UK under new inheritance tax rules

From next April, the non-dom tax regime will be replaced by one based on residency leaving many estates with overseas assets vulnerable to UK inheritance impositions

BusinessDecember 06, 2024
Matthew Davies
A plane takes off from Gatwick Airport. Vincent Hodder, the chief executive of Leeds Bradford airport told the conference he feels the government looks at the aviation sector at the moment as 'a bucket of cash'. Getty Images
Tax plan making UK airports 'uninvestable', bosses say

Chief executives of Britain's airports say the government's plans to restructure business taxes could increase their liabilities at least five-fold

BusinessDecember 06, 2024
Matthew Davies
White Desert Base Camp Echo in Antarctica. Orbite will offer immersive space travel experiences designed to replicate life on the Moon or Mars. Photo: Orbite
Luxury space travel company Orbite plans international expansion

Orbite has raised $4 million in series A funding to grow its private luxury astronaut business and develop its Spaceflight Gateway Campus

BusinessDecember 06, 2024
Matthew Davies
Trading screens at the offices of Panmure Gordon. The OECD said the global economy will 'remain resilient' over the coming years, but uncertainties and risks remain. Getty Images
OECD projects inflation to return to target in almost all major economies by end of 2025

International policy forum also points to 'rising trade tensions and protectionism, a possible escalation of geopolitical conflicts, and challenging fiscal policies in some countries'

BusinessDecember 04, 2024
Matthew Davies
British Prime Minister Keir Starmer. Getty
Britain 'best place to invest' says Starmer, seeking to seal Gulf trade deal

In foreign policy speech UK Prime Minister also pledges loyalty to Donald Trump to cement 'transatlantic bond'

UKDecember 02, 2024
Thomas Harding
The UK's consumer watchdog Which? said Black Friday has become a "hype-driven sales extravaganza" that in the case of some retailers goes on for longer than two weeks. Getty Images
Black Friday, grey areas: Why it pays to read the small print on Britain's big bargain day

A UK survey analysing 50,000 loyalty-priced supermarket products found savings were real, but some strategies for budget airlines still face questions

BusinessNovember 29, 2024
Matthew Davies
A new Tesla during the official opening of the company's plant near Gruenheide, Germany. Getty Images
Car industry’s ‘Kodak moment’? Electric shift could put motor giants in reverse

Motorists need a mindset shift to fall for zero-emission driving, say experts, but makers could be caught out if they do not move fast enough

BusinessNovember 29, 2024
Matthew Davies
A Tesla displayed at the London EV Show. Matthew Davies / The National
UK poised to water-down rules on electric car sales

EV industry experts say transition essential, but changes will make no difference in long run

BusinessNovember 26, 2024
Matthew Davies
Britain's Chancellor of the Exchequer Rachel Reeves speaks at the Confederation of British Industry annual conference in London. AFP
Rachel Reeves faces ire of once ‘super-bullish’ business

UK Chancellor of the Exchequer told the annual meeting of the Confederation of British Industry her budget will be good for growth

BusinessNovember 25, 2024
Matthew Davies
A cargo plane takes off at Heathrow Airport. Getty Images
Aviation industry calls on governments to recognise airlines as economic powerhouses

Governments must see aviation as crucial to global economy and not overburden them with unnecessary taxes, Airlines 2024 summit in London hears

AviationNovember 25, 2024
Matthew Davies
Tokamak Energy’s ST40 fusion device. The company has raised $125 million in new funding. Photo: Tokamak Energy
Tokamak raises $125 million to build first fusion energy plant

Tokamak Energy will use the money to accelerate its plans to build fusion power plants and grow its superconductive magnets operations

BusinessNovember 21, 2024
Matthew Davies
Dubai saw off LA, Toronto, Seoul, Milan and Vienna to claim 13th place in the World's Cities Index. Chris Whiteoak / The National
Dubai beats Toronto, Milan and Vienna in World's Best Cities Index

Claiming 13th place ahead of Los Angeles, Dubai also had the highest number of Facebook check-ins by visitors and residents in the global survey

UAENovember 20, 2024
Matthew Davies
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