After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Zara removes top following claims it resembles “holocaust attire” August 27, 2014 Spanish fast fashion Zara has been forced to remove a child's pyjama top after receiving widespread condemnation on social media for its resemblance to attire worn in concentration camps. The outfit – designed to look like a sheriff's uniform – featured a six-pointed star stitched on the left hand side of a striped long [...]
IMF chief Christine Lagarde under investigation by French court August 27, 2014 International Monetary Fund managing director Christine Lagarde has been put under formal investigation on suspicion of "simple negligence" by a French court. Lagarde was questioned for 15 hours on Tuesday by the Court of Justice of the Republic over her involvement in a long-running political fraud case involving controversial French businessman Bernard Tapie, who was awarded [...]
Fending off space junk to save millions: Lockheed Martin strikes deal with Australian tech firm August 27, 2014 Imagine investing millions in a space satellite, only to see it obliterated by an incoming piece of space junk. Damage caused by pieces of debris floating randomly in space is a risk faced by almost 2,000 commercial and government satellites on a daily basis. That's why US defence company Lockheed Martin has struck [...]
Snapchat valued at $10 billion with new investment as monthly users reach 100m August 27, 2014 Evan Spiegel, the 24-year-old founder of Snapchat, must finally feel some vindication in his decision to turn down Facebook’s hefty $3bn (£1.8bn) offer for the hugely popular app last year. Snapchat is in the process of raising a new round of investment valuing the mobile messaging app at $10bn (£6bn), the Wall Street Journal reports, [...]
Tesco loses market share as more than half of Brits now shop at Aldi and Lidl August 27, 2014 Tesco's rival Asda has eaten away at its market share, while more than half of Brits now shop at budget grocers Aldi and Lidl, according to Kantar Worldpanel figures. The data released this morning shows over the 12 weeks to 17 August, grocery price inflation has fallen for the 11th consecutive period and is [...]
Ukraine crisis: President Poroshenko vows commitment to end fighting August 27, 2014 Ukraine's President Petro Poroshenko has vowed his commitment to end fighting between Ukrainian troops and pro-Russian separatists in the east of the country. His announcement followed two hours of direct talks with Russian President Vladimir Putin in Belarus; the first time such talks have taken place between the two leaders. "A roadmap will [...]
Ryanair business class targets no-frills corporate travellers August 27, 2014 In its latest attempt to expand its no-frillls image – and boost its bottom line – Ryanair has announced plans to offer a business class service on flights. For the bargain price of £59.99, Ryanair Business Plus will offer corporate travellers flexible ticket changes, 20kg baggage allowance, priority boarding and premium seats. The low-cost carrier [...]
Scottish independence: 130 businesses sign letter supporting the Union August 27, 2014 Over 130 businesses have joined together to sign a letter to be published in Wednesday's Scotsman, slamming the case for Scottish independence. Signatories include the CEO of BHP Billiton and the executive vice-president of policy at BG Group Sir John Grant. In total, the signatories companies account for around 50,000 Scottish jobs. The Better Together [...]
RBS share price falls as it is fined £15m for mortgage advice failings August 27, 2014 Shares in Royal Bank of Scotland fell 0.5% in early trading on Wednesday, after it was fined £14.5m for “serious failings” in the way it advised customers about mortgage loans, in another blow for the embattled bank. The Financial Conduct Authority found a series of failings by the state-owned bank and its Natwest arm in [...]
Foxtons’ share price is getting hammered, despite 57pc profit rise August 27, 2014 Foxtons has reported a 57.1 per cent rise in pre-tax profit for the six months to 30 June. The increase to £23.1m from £14.7m in 2013 was driven by strong sales and mortgage broking growth, according to its interim report. It announced it will pay out £12.8m of this in interim and special [...]