Bank of England plans to allow EU banks in the UK lighter regulation option after Brexit December 20, 2017 The Bank of England (BoE) has today announced it will allow European wholesale banks to operate as branches in the UK after Brexit, removing the threat of a much stronger regulatory regime which bankers feared would harm their profits. European wholesale banks and insurers will be able to apply for authorisation to operate as a [...]
Emirates is launching London Stansted flights to Dubai for the first time – and they’ll feature private suites in First Class December 20, 2017 London Stansted has announced a significant step in its long-haul ambitions with the launch of a new daily Emirates service to Dubai starting next year. It marks the first time the airport has secured a route to one of the Middle Eastern hubs. Emirates will have 10 daily flights between Dubai and three London airports [...]
Bitcoin cash price (BCH) rise spurs Coinbase to investigate potential insider trading December 20, 2017 A major bitcoin exchange is investigating a potential case of insider trading after the price of bitcoin cash rocketed. Coinbase announced its support for the bitcoin offshoot late on Tuesday, but the price of the cryptocurrency rocketed before the news was made public. Read more: Bitcoin plunges below $16,000 “Given the price increase in the [...]
Beats Studio3 Wireless review: The W1 powered Apple headphones mark a coming of age for Beats December 20, 2017 Since being taken under the protective wing of Apple’s hardware team, hippity-hoppity cool-person company Beats has become the official high-end headphone of iOS. And with that came a number of critical changes. The Beats Studio3 Wireless headphones use the same W1 chip found in the AirPods, meaning they seamlessly pair with iOS devices without [...]
Innovating in zeros: How do disruptive businesses best the competition? December 20, 2017 | City Talk “No one really thought it was going to work but, actually, it went okay.” That is how Jonas Kjellberg, entrepreneur and investor, described the sentiment around one of his most famous ventures — Skype. Kjellberg has always been interested in disrupting traditional systems, and he recalled some of his business successes and failures at [...]
The IMF has downgraded UK growth expectations, saying Brexit creates a “key uncertainty” December 20, 2017 The International Monetary Fund (IMF) has downgraded expectations for UK GDP growth this year, saying developments in Brexit negotiations remaining a “key uncertainty” for the economy as it stuck by its previous economic forecasts. Speaking at the Treasury today, Christine Lagarde, head of the IMF, said the UK economy “is losing out as a result” [...]
TAG in time for Christmas, don’t crack under pressure December 20, 2017 | City Talk With gifting season upon us it’s time to start giving serious thought to the route you’re going to take. Giving the gift of time is incredibly personal and says a lot about the relationship you have with the recipient. Whether it’s between something rugged versus an elegant piece or even a contemporary smart watch, TAG [...]
Open Banking: Here’s what fintech startups think of delays after HSBC, Barclays and more given deadline extension from CMA December 20, 2017 Entrepreneurs at fintech startups have been left little surprised after more than half of the UK’s banks revealed they would miss a deadline for Open Banking – but how they implement it is of more concern. Nine banks have been forced to make their data open to third parties – many of them fintech startups [...]
This property investment firm now owns a huge chunk of Seven Dials after acquiring six more shops | City A.M. December 20, 2017 West End investment firm Shaftesbury announced this morning that it has acquired six more shops on London’s Neal Street, in Seven Dials, for £24.6m. This means Shaftesbury now owns a whopping 70 per cent of the shops on the northern section of Neal Street, the busy road which connects Covent Garden Underground station to Shaftesbury [...]
Bitcoin price (BTC) plunges below $16,000 December 20, 2017 The price of bitcoin plunged on Wednesday, down around 20 per cent from record highs achieved just days ago. The cryptocurrency fell as low as $15,577.74, according to Coindesk’s bitcoin price index (BPI), though recovered somewhat and is trading at over $17,000 at pixel time, but still around 12 per cent off previous highs. Read [...]