Channel 4 reader Jon Snow is stuck in a lift March 11, 2014 Newsreader Jon Snow is stuck in a lift at the Channel 4 headquarters on Horseferry Rd. He has been captured on camera in his new, vertical prison but appears to be in good spirits – waving and smiling. The twitterati have leapt behind his cause, calling for his freedom and asking for swift action [...]
Cyprus appoints new central bank governor March 11, 2014 Cyprus has appointed Chrystalla Geoghadji as the new governor of the country's central bank. Geoghadji has been Cyprus's auditor general since 1998. She will take up take up her new post on 11 April. The appointment follows yesterday's announcement by the government of confirming the resignation of its central bank governor Panicos Demetriades. Relations between [...]
BBC unveils the new iPlayer. Here’s what you need to know March 11, 2014 The BBC has unveiled its new iPlayer today. The new version will see the service get a design overhaul, along with plans to roll out a 30-day catch up availability. Speaking this morning, Dan Taylor, head of BBC iPlayer, said: We've got ambitious plans for later in the year including extending the standard availability window from 7 [...]
David Cameron’s onshoring dream is unlikely to become a reality says top economist March 11, 2014 A recent report by PwC predicted that as many as 200,000 new roles could be created over the next decade, thanks to companies that had relocated their operations outside of the UK returning, a process commonly known as onshoring. The trend of companies bringing jobs back to the UK could boost the nation's wealth by [...]
Bank of England divided over economic slack March 11, 2014 Having made spare capacity a focus, Bank of England governor Mark Carney is now having to deal with disagreements over how people gauge the amount of slack in the UK's economy. While Carney said in February that spare capacity might be around one to 1.5 per cent in the labour market, he now believes that [...]
Union leader Bob Crow passes away March 11, 2014 The 52 year old leader of the Rail Maritime Transport (RMT) union Bob Crow has passed away. He died at Whipps Cross hospital from an aneurysm and heart attack according to initial reports. Geoff Martin of the RMT said in a statement: It is with the deepest regret that RMT has to confirm that our [...]
Yanukovich blames opponents for Crimea and says he’s still president March 11, 2014 Viktor Yanukovich, former Ukrainian president, has said today that he remains the country’s president and commander-in-chief of its armed forces. Speaking in public for a news conference, the ousted leader said he blames his opponents for Crimea’s breaking away from Ukraine. The region’s holding a referendum on joining Russia on Sunday. He said the Ukrainian [...]
UK manufacturing output beats estimates March 11, 2014 Not too punchy a figure, but better than had been expected. UK manufacturing production rose by 0.4 per cent in Janaury, say the economists at the Office for National Statistics. That's slightly higher than an anticipated 0.3 per cent rise. Rob Wood, chief UK economist at Berenberg, says that's the strongest annual growth in around [...]
Here’s why the UK’s food sector has a rocky road ahead March 11, 2014 With some dire Christmas sales, heavy discounting and a ramping up of online shopping, the UK food retail sector feels unloved. That’s according to Barclays, which points out that the UK’s sector is now trading at a clear price-to-earnings discount when compared with continental Europe. It hasn’t always been like this for UK companies. Expansion [...]
MtGox wins US bankruptcy protection March 11, 2014 Troubled Bitcoin exchange MtGox has received some welcome news as a Texas judge temporarily halted two US lawsuits, while bankruptcy proceedings continue in Japan. In February, MtGox filed for bankruptcy protection in Tokyo and said it had an outstanding debt of $63m (£37m). MtGox will return to court 1 April to attempt to extend the [...]