Scale of Ebola crisis is vastly underestimated, according to WHO August 15, 2014 The World Health Organisation (WHO) has said that the seriousness of the Ebola epidemic spreading across West Africa is “vastly underestimated”. The epidemic began in Guinea in February and has since spread to Sierra Leone, Liberia and Nigeria. The death toll as of 11 August was 1,069, which is far higher than any [...]
Premier League warns fans: Posting goal videos on Vine is breach of copyright law August 15, 2014 The Premier League has warned fans against posting videos of goals on Vine and YouTube. Fans harnessed the power of apps like Vine to share clips of last season's most memorable moments – such as Steven Gerrard's emotional on-pitch team talk or the same player's slip against Chelsea. The trend continued throughout the World Cup [...]
UK economy grows 0.8 per cent in second quarter August 15, 2014 UK GDP expanded 0.8 per cent in the second quarter and 3.2 per cent annualised, beating analyst expectations and contrasting starkly with the stagnating Eurozone. The increase in output – of more than three per cent year-on-year – marks the strongest such increase since the last quarter of 2007. Output in the services sector, which [...]
Monster Beverage share price soars as Coca-Cola buys 16.7pc stake in the company August 15, 2014 Coca-Cola is set to pay a colossal ten-figure sum for a 16.7 per cent stake in Monster Beverage Corporation, the makers of Monster Energy drinks. The American fizzy drinks giant will pay Monster Beverage $2.15bn (£1.32bn) for the 16.7 per cent ownership in a bid to expand within the growing global energy drink market. The agreement [...]
Balfour Beatty rejects Carillion merger for the second time August 15, 2014 Infrastructure firm Balfour Beatty has reaffirmed its rejection of a merger with Carillion. Balfour's board said it had considered the potential for synergies, risk of revenue and cost leakage and the impact of terminating the Parsons Brinckerhoff sales process. However, it came to the conclusion that an independent strategy, all the benefits of which will [...]
Eurozone recovery comes to stand still as growth stalls, inflation flatlines and debt piles up August 14, 2014 The Eurozone’s already feeble recovery came to a complete halt in the second quarter, with the threat of deflation and growing piles of debt leaving the currency bloc exposed to economic shocks. Dreary figures released yesterday showed that the euro area did not grow at all in the three months to June, while the previously [...]
Warren Buffett’s Berkshire Hathaway share price reaches $200,000 August 14, 2014 Savers with a spare $200,000 could splash out on a new Bentley Continental GT – or they could buy one share in Warren Buffett’s conglomerate Berkshire Hathaway. The company’s stock roared past the $200,000 milestone last night, reaching as high as $201,114 – or £120,000 – per share. Billionaire Buffett, considered by many to be [...]
Northern Rock launches Societe Generale toxic debt suit August 14, 2014 Northern Rock is suing Societe Generale, alleging the French investment bank knowingly sold it toxic mortgage assets dressed up as valuable securities. The so-called bad bank part of the failed British lender was given permission by a New York judge to launch the suit after he kicked out SocGen’s attempt to get the case scrapped. [...]
Russian giant Rosneft pleads for $42bn state aid as sanctions bite August 14, 2014 OIL GIANT Rosneft announced yesterday that it was seeking a $42bn (£25.15bn) loan from a fund earmarked for Russian pensions to help it weather Western sanctions imposed after the crisis in Ukraine. Rosneft, one-fifth owned by BP and run by a close ally of President Vladimir Putin, produces more oil than Iraq or Iran and [...]
Russia, Ukraine and EU agree to talks on trade August 14, 2014 GAS AND a Ukraine-EU free trade deal will top the agenda when leaders from the bloc, Kiev and President Vladimir Putin next meet – although no venue or time has been set. The talks between Putin, Ukrainian President Petro Poroshenko and European Commission President Jose Manuel Barroso would be face-to-face. Raising discussions of the disputes [...]