Cuadrilla’s request for earthquake review falls on deaf ears, dealing blow to the sector February 7, 2019 The government has hit back at fracking firms, saying it will not reconsider its policies in what will be seen as a huge blow to the sector. Both Ineos and Cuadrilla, two of the UK’s main frackers, had asked authorities to review the so-called traffic light system and allow them to cause bigger earthquakes. Read more: Jim Ratcliffe: [...]
Brexit latest: Juncker refuses to reopen Brexit negotiations in ‘robust’ talks with May February 7, 2019 Brexit cannot be renegotiated, insisted European Commission president Jean-Claude Juncker today at a meeting with the Prime Minister described as “robust but constructive”. However, UK and EU negotiators will continue to search for a path through parliament for Theresa May’s Brexit deal as they seek to save the agreement, the leaders said today. Read more: [...]
Bank of England slashes UK growth forecasts amid Brexit uncertainties and global slowdown February 7, 2019 The Bank of England today decided to leave interest rates unchanged as expected, but slashed UK growth forecasts as Brexit uncertainties mount. The bank's monetary policy committee (MPC), which last raised rates to 0.75 per cent in August last year, unanimously voted to hold interest rates for a fourth consecutive meeting. Read more: How will the [...]
What do you want to know about big data & AI in investment management? February 7, 2019 | City Talk A technological advance can impact — even transform — the global economy let alone a particular sector. The steam engine in the first industrial revolution, electricity in the second, and internet technology in the third fundamentally changed human history. Today, big data and artificial intelligence (AI) have the same transformative potential. When it comes to [...]
Commuters hit with severe morning delays on Metropolitan and Piccadilly lines February 7, 2019 Commuters continue to be severely disrupted by delays to the Metropolitan and Piccadilly lines due to signalling problems. The Metropolitan Line was hit with severe delays this morning after a Tube driver went through a red light at Harrow-on-the-Hill forcing following trains to be stopped as a safety procedure. https://twitter.com/metline/status/1093451576574988288 Got held up at #Harrow On [...]
Former Greek finance minister Yanis Varoufakis blasts Donald Tusk over Eurozone crisis in response to ‘hell’ tweet February 7, 2019 Former Greek finance minister Yanis Varoufakis blasted European Council president Donald Tusk today for the EU’s role in the Eurozone crisis. Varoufakis was responding on Twitter to Tusk’s tweet yesterday that said: “I've been wondering what that special place in hell looks like, for those who promoted #Brexit, without even a sketch of a plan [...]
Ocado share price burnt by 48-hour blaze at robotics centre February 7, 2019 Ocdo’s share price suffered a 12 per cent dip this afternoon as investors continued to digest the news of a 48-hour blaze that has disrupted operations at one of the delivery giant’s major distribution centres. Late last night firefighters continued to tackle the blaze, which started early on Tuesday morning, at Ocado’s Andover distribution centre, [...]
Former Petrofac sales executive pleads guilty to bribery over oil contracts February 7, 2019 A former Petrofac executive charged with using illicit payments to secure oil contracts in the Middle East has pleaded guilty to 11 charges of bribery, the Serious Fraud Office (SFO) said this morning. David Lufkin, 51, formerly the UK-headquartered oil and gas firm’s global head of sales, made the plea at Westminster Magistrates’ Court as [...]
Italy set to ban Huawei equipment from its 5G rollout plans February 7, 2019 Italy is set to ban Huawei equipment from its 5G network plans as international pressure on the Chinese firm continues to build. The Italian government is prepared to use so-called golden powers allowing it to back out of contracts without having to pay fines, Reuters reported, citing local media. Read more: Huawei cannot address UK [...]
Qantas drops order for eight Airbus superjumbo jets February 7, 2019 Australian airline Qantas has cancelled an order for eight Airbus SE A380 superjumbo jets, in the latest blow for the model. “Following discussions with Airbus, Qantas has now formalised its decision not to take eight additional A380s that were ordered in 2006,” a Qantas spokesman said. Read more: Boeing and Airbus to deliver $4.3bn worth of [...]