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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

Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue

The fourth round of Mexico-US trade talks is unlikely to take place next week and could be postponed until October as both countries navigate a busy diplomatic schedule, according to a senior Mexican trade official. Luis...

Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth

Australias labour market delivered mixed signals in August as employment growth comfortably exceeded expectations, while the unemployment rate climbed to its highest level in nearly five years amid increased participation...

Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit

Asian stocks mostly declined on Thursday as surging global bond yields weighed on risk appetite, while investors awaited a closely watched meeting between U.S. President Donald Trump and Chinese President Xi Jinping....

Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets

Gold prices edged lower on Thursday, extending pressure from the previous session as rising Treasury yields, stronger oil prices and a firm U.S. dollar fueled expectations that the Federal Reserve may continue raising...

Asian Currencies Mixed as Dollar Holds Near Two-Month High

Asian currencies traded mixed on Thursday as the U.S. dollar hovered near a two-month high, supported by stronger U.S. economic data, renewed inflation concerns and growing expectations for another Federal Reserve rate...

Politics

OpenAI Agent Breaches Australia Medicare Data Portal

An OpenAI artificial intelligence agent gained unauthorized access to an Australian government Medicare statistics portal, prompting a federal investigation and renewed concerns about the cybersecurity risks posed by...

Taiwan Thanks US for Support Ahead of Trump-Xi Summit

Taiwans government on Thursday expressed gratitude for continued US support and said it remains in close communication with Washington as President Donald Trump prepares to meet Chinese President Xi Jinping in the US...

Netanyahu Takes Aim at Mamdani as Israel Election Nears

Israeli Prime Minister Benjamin Netanyahu is expected to use his United Nations address on Thursday to criticize New York Mayor Zohran Mamdani, as the Israeli leader faces international pressure and a closely watched...

Russian Missile and Drone Attack on Kyiv Kills Two, Damages Maternity Hospital

Russia launched a major missile and drone attack on Kyiv early Thursday, killing two people and damaging residential buildings, medical facilities and other infrastructure across the Ukrainian capital, according to...

Judge Orders Trump to Restore White House Access for CNN, MS NOW and Politico

A federal judge on Thursday ordered President Donald Trumps administration to temporarily restore White House press access for journalists from CNN, MS NOW and Politico, ruling that the administrations ban on the three...

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

Tencent Launches TenPayGo Payment App for Foreign Tourists in China

Tencent has launched TenPayGo, a new mobile payment app designed to make digital transactions easier for international travelers visiting China, as the technology giant looks to benefit from growing inbound tourism ahead...

China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts

Chinas livestream shopping industry is entering a slower phase, but Li Jiaqi, the influential presenter known as the Lipstick King, believes artificial intelligence will complement rather than replace human hosts. Li, who...

Meta Unveils Muse Charm AI Device, Expands Smart Glasses Lineup

Meta Platforms (NASDAQ: META) unveiled a palm-sized device designed specifically for its Muse artificial intelligence agent on Wednesday, alongside an expanded lineup of smart glasses and new AI capabilities. CEO Mark...

SoftBank Raises $11.1 Billion in Bond Sale to Fund OpenAI Investment

SoftBank Group has raised $11.1 billion through a major dollar- and euro-denominated bond offering as the Japanese technology investment giant builds up cash to finance its expanding artificial intelligence investments,...

Meta Connect Spotlights Camera-Free Smart Glasses Amid Privacy Concerns

Meta Platforms opened its annual Connect conference on Wednesday, with the technology giant expected to introduce new smart glasses as it seeks to expand its lead in AI-powered wearable devices while addressing mounting...
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