After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
West African ministers call for an end to Ebola travel bans August 29, 2014 Ministers in West Africa have called for Ebola-related travel bans in the region to be lifted. At a meeting of the Economic Community of West African States in Ghana, they said the bans, imposed to limit the spread of the Ebola virus, were causing food and supply shortages. "Excessive restrictions of travel and [...]
Tesco share price: What the analysts are saying August 29, 2014 Tesco's profit warning – its second in just over a month – came out of the blue this morning, but its sentiment has been known for a while. The supermarket's struggles are well documented, from loss of market share against Lidl and Aldi, and growth at a 10-year low. Here's how analysts have responded to Tesco's [...]
Eurozone inflation falls to five-year low as unemployment stays flat at 11.5 per cent August 29, 2014 Consumer price inflation in the eurozone dropped to 0.3 per cent in August, its lowest level since October 2009, as unemployment remained stubbornly flat at 11.5 per cent, official figures published this morning showed. Although the figures were underwhelming, they met analyst expectations. The drop in inflation was largely driven by energy prices, which fell [...]
Bardarbunga volcano ash cloud is “unlikely” to affect UK for next few days – UK air traffic control August 29, 2014 As the aviation alert rises to red over the risk of an ash cloud from Icelandic volcano Bardarbunga, the UK’s air traffic control has issued an update on its potential effect on air travel over Britain. The short explanation: the current weather means even if ash started spewing from the volcano, it's unlikely to affect us [...]
After Carswell’s defection, here are six Tory MPs who might jump ship to Ukip August 29, 2014 Yesterday's shock news that senior backbencher and well respected Tory MP Douglas Carswell was defecting to Ukip caught many of the political elite on the back foot. At a press conference held by Ukip, Carswell said he had "had more sleepless nights than you can possibly imagine. "I happen to like David Cameron… [...]
Japan’s economy stalls in July as spending falls August 29, 2014 Have Japanese Prime Minister Shinzo Abe's "three arrows" have missed their target? Japan's economy stagnated in July, as household spending dropped and wages fell. According to official data released this morning, inflation remained unchanged compared to June, while the consumer price index rose by 3.3 per cent. The increase was largely the result [...]
Malaysia Airlines to slash 6,000 jobs August 29, 2014 Khazanah Nasional Berhad, the state-owned Malaysian investor buying out embattled carrier Malaysia Airlines, has announced plans to cut 6,000 staff at the airline – about a third of its 20,000-strong workforce – as part of a radical restructuring. Shares in Malaysia Airlines were suspended from trading on the Malaysian stock exchange before the announcement. Khazanah [...]
Barack Obama: Russia to blame for violence in Ukraine August 29, 2014 Barack Obama has blamed Russia for the violence taking place in eastern Ukraine. As tensions escalate between the Ukrainian government and pro-Russian rebels, the US President said that “deep Russian involvement” was the cause of fighting. "There is no doubt that this is not a home-grown, indigenous uprising in eastern Ukraine," he said [...]
Virgin Australia reports biggest ever annual loss August 29, 2014 Virgin Australia reported its biggest ever loss for the twelve months ending June. Its post-tax loss of AU$355.6m (£200.5m) was over three times larger than the AU$98.1m loss it reported for the previous year. The airline also announced today that 35 per cent of its frequent flyer programme is being sold to a [...]
Iceland volcano ash cloud alert raised to red again as risk of explosive Bardarbunga eruption grows August 29, 2014 Iceland has raised warnings of a potential ash cloud from the Bárðarbunga volcano to red after eruptions over night near the Dyngjujokull Glacier. The red aviation alert, its highest alert level, means significant emissions are "likely", though no ash has yet been detected. The Icelandic met office said: “No volcanic ash has been detected with [...]