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Steve Schifferes

Steve Schifferes

Honorary Research Fellow, City, University of London
Professor Schifferes was Marjorie Deane Professor of Financial Journalism and the first Director of the Financial Journalism MA at City from 2009-2017, and is currently an Honorary Research Fellow at CityPERC. https://www.city.ac.uk/about/schools/arts-social-sciences/international-politics/research/cityperc

He has a wide-ranging background in business and finance journalism, both for television and online.

Professor Schifferes reported on economics for the BBC News website, coordinating coverage of the global financial crisis, the Enron scandal, and the launch of the euro. He reported from Washington during the Obama election, the sub-prime crisis and the Iraq war; from Bangalore, Shanghai and Detroit on globalisation and its discontents; and from Bangkok, Hong Kong, Doha, Prague, Geneva and Lusaka on the world trade talks and IMF meetings and protests. He also covered economic policy in the UK, including general elections and Budget announcements.

Previously he was a current affairs television producer working for On the Record , the Money Programme (BBC) and Weekend World (LWT) , as well as a network documentary film maker examining poverty, wealth and crime in the UK for the ITV network.

Professor Schifferes has lectured around the world on the role of the media in the financial crisis, including at Tsinghua and Fudan Universities (China); Mumbai University (India); Columbia and North Carolina (USA); Helsinki (Finland) and Cologne (Germany).

He was Principal Investor for the EU-funded research project Social Sensor, aimed at detecting and verifying news on social media, In 2019 he gave the Gresham College lecture on ‘Has the Internet Changed News for Better or Worse?’. He also was an expert witness on financial journalism for the claimants in the High Court case of Sharp v. Blank, concerning the acquisition of HBOS by Lloyds Bank during the financial crisis; and Project Director for the Friends Provident Foundation funded project “Remodelling Capitalism: How Social Wealth Funds Could transform Britain.”

Professor Schifferes is a fellow of the Royal Society of Arts. He was a BBC Reuters Fellow at Oxford University in 2006, and a Knight-Bagehot Fellow at Columbia School of Journalism in 1993-4. He was educated at Harvard and Warwick Universities, where he was a National Merit Scholar and a National Science Foundation Fellow.

Sell-offs and tax cuts stripped the UK of vital assets. A national wealth fund could turn the tide

Jun 28, 2024 07:51 am UTC| Economy

One of Labours most radical manifesto pledges is the plan to create a national wealth fund. To help drive the green transition and create 600,000 green jobs, the fund aims to raise 3 of private investment for every 1 of...

Three ways politicians always promise to raise money without increasing taxes – and why they rarely deliver

Jun 18, 2024 05:26 am UTC| Insights & Views Politics

After weeks of controversy over Labour and Conservative costings in which each side accused the other of dishonesty the manifestos show that both parties had wildly exaggerated their rivals plans. But there has been...

Ukraine: how the Russian invasion could derail the fragile world economy

Feb 26, 2022 09:59 am UTC| Economy

The invasion of Ukraine comes at a delicate time for the world economy, which was just beginning to recover from the ravages of COVID. Russias war could now have far-reaching economic consequences, as financial markets...

World economy in 2021: here's who will win and who will lose

Jan 06, 2021 04:19 am UTC| Insights & Views Economy

The coronavirus has crippled the world economy. Global GDP suffered its sharpest drop since the end of the second world war in 2020, millions were unemployed or furloughed, and governments pumped trillions of dollars into...

Emerging Market Crisis Series

Developing countries are facing economic disaster

May 29, 2020 14:25 pm UTC| Economy

While attention in developed countries has been focused inward on the effects of the pandemic at home and the anticipated exit from lockdown, an economic and health disaster is emerging in developing counties that make up...

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Economy

Carney and Macron Strengthen Canada-France Defense Ties Amid US Trade Uncertainty

Canadian Prime Minister Mark Carney and French President Emmanuel Macron have agreed to expand defense and industrial cooperation, reinforcing Canadas growing partnership with Europe as trade tensions with the United...

IMF Advances Ukraine Loan Program, Clears $690M Disbursement

The International Monetary Fund (IMF) has reached a staff-level agreement with Ukraine following the latest review of the countrys $8.1 billion loan program, paving the way for a new disbursement of approximately $690...

Oil Prices Fall as U.S.-Iran Peace Deal Hopes Ease Supply Concerns

Global oil prices dropped sharply on Friday and were set for significant weekly losses as growing optimism surrounding a potential U.S.-Iran peace agreement raised expectations that the Strait of Hormuz could soon reopen,...

US Dollar Heads for Weekly Loss as Iran Peace Deal Hopes Boost Risk Appetite

The U.S. dollar weakened on Friday and remained on track for a weekly decline as growing optimism surrounding a potential peace agreement between the United States and Iran improved global market sentiment and reduced...

Gold Prices Slip Weekly Despite Friday Rebound as U.S.-Iran Peace Deal Hopes Grow

Gold prices edged higher on Friday but remained on course for a weekly loss as investors weighed growing optimism over a potential U.S.-Iran peace agreement against expectations of tighter monetary policy from major...

Politics

JCPOA Nuclear Deal Explained as U.S. Nears Potential New Iran Peace Agreement

The United States has indicated that it is close to reaching a new peace agreement that could end the three-month conflict with Iran, although the details of the proposed deal have not yet been disclosed. As discussions...

KMT Chair Cheng Li-wun Defends Taiwan-China Engagement During U.S. Visit

Taiwans main opposition leader, Kuomintang (KMT) Chairwoman Cheng Li-wun, said she used her recent visit to the United States to address what she described as widespread misunderstandings about the partys approach to...

North Korea Slams U.S. Missile Sale to South Korea, Warns of Rising Regional Tensions

North Korea has strongly criticized the United States over its recent approval of a major arms sale to South Korea, arguing that the move will further heighten tensions on the Korean Peninsula and undermine regional...

France Hosts Israeli-Palestinian Civil Society Appeal to Revive Two-State Solution Ahead of G7 Summit

Israeli and Palestinian civil society groups have renewed calls for international support for a two-state solution, urging world leaders not to let the ongoing Middle East conflict overshadow efforts toward lasting peace....

US-Iran Peace Deal Nears as Tehran and Pakistan Signal Breakthrough

Hopes for a historic U.S.-Iran peace agreement strengthened on Friday after encouraging statements from Iranian officials and key mediator Pakistan suggested that a final deal could be close. Iranian Foreign Minister Seyed...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

SpaceX IPO Set for Explosive Debut as Valuation Tops $2.2 Trillion

SpaceX is poised for one of the most historic stock market debuts ever, with shares expected to open nearly 30% above their initial public offering (IPO) price. According to preliminary Nasdaq data, SpaceX stock (NASDAQ:...

Meta AI Strategy Faces Challenges as Zuckerberg Admits Mistakes in Internal Memo

Meta CEO Mark Zuckerberg has acknowledged that the company has made mistakes during its ongoing artificial intelligence (AI) transformation, according to an internal memo obtained by Reuters. In the memo, Zuckerberg...

Hanmi Semicon Shares Surge After $33 Million SpaceX Investment

South Korean semiconductor equipment maker Hanmi Semiconductor (KS:042700) saw its stock price soar on Friday after announcing a strategic investment in SpaceX, the aerospace company led by Elon Musk. The company revealed...

EngineAI Files for Hong Kong IPO Amid Rising Demand for AI and Robotics Stocks

Chinese humanoid robotics startup EngineAI has reportedly confidentially filed for an initial public offering (IPO) in Hong Kong, seeking to capitalize on growing investor interest in artificial intelligence (AI) and...

Adobe Beats Q2 2026 Estimates, Raises Full-Year Outlook as AI Revenue Surges Despite Stock Drop

Adobe (NASDAQ: ADBE) delivered stronger-than-expected fiscal second-quarter 2026 results, surpassing Wall Street forecasts on both revenue and earnings while raising its full-year guidance. The software giant also reported...
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