Alex Ritson

Shares in US banks have surged since Donald Trump won the US election. It is in expectation of the president-elect's proposed bonfire of what he believes are rules and regulations that hamper business. But in banking, many of those rules were put in place after the last financial crisis in the hope of preventing a future meltdown. Now Neel Kashkari, president of the Federal Reserve Bank of Minneapolis is proposing an alternative that may be more in line with Donald Trump's way of thinking.

There is no shortage of companies blaming Brexit for their bad news these days. Recent headlines have suggested Britain's decision to leave the EU is the cause of job losses in many parts of the UK, price rises for technology companies, the world's largest uncut diamond failing to sell at auction and even a major media group cancelling its staff party. But is Brexit being blamed for a slew of bad news that was going to be released anyway?

Image copyright Getty Images The chief executive of the company hired to stage the opening ceremony of the upcoming Rio Olympics has told the BBC the show will cost less than London's in 2012. Antonio Abete adds he is 100% confident everything will go ahead as planned. At a time of economic crisis in Brazil, they are doing it on a strict budget. But his team are promising a spectacle that will be bigger and better than London 2012, which cost $40m (£31m), and was directed by Danny Boyle.