Europe’s top banker warns of eurozone ‘uncertainty’ November 16, 2018 The European Central Bank will push ahead with plans to roll back its stimulus package at the end of the year, the bank’s chief said today. ECB president Mario Draghi said he still expects the eurozone economy to keep expanding, but warned that there is increasing uncertainty. “If firms start to become more uncertain about [...]
Gove and Fox to remain in May’s cabinet to work on Brexit’s future November 16, 2018 Michael Gove and Liam Fox have said they will continue serving in Theresa May’s cabinet, after stating they had confidence in the Prime Minister and the future of Brexit. Environment secretary Gove had been widely tipped as the Prime Minister’s next major resignation after eight ministers, MPs and officials quit over Downing Street’s draft Brexit agreement yesterday. He [...]
An Italian Bank run could crack the euro November 16, 2018 | City Talk The Italian government is defying the European Commission’s request that it revise its draft budget for 2019 to reduce the deficit. Bond yield spreads are widening and Italian banks are under pressure. Should a bank run ensue, could the euro fall apart? After German reunification, interest rates rose to over 9 per cent in the early [...]
No confidence vote in Theresa May set to go ahead as Conservative MPs send letters to 1922 Committee November 16, 2018 A confidence vote in the Prime Minister is now reportedly likely, as the number of no confidence letters submitted by Conservatives have reached the limit required to trigger a vote. The forty-eight letters required to force a confidence vote are now with the chairman of the 1922 Committee, according to Brexit Central, which cited an anonymous [...]
Astrazeneca shows disappointing results in trial of key cancer drug, shares dip November 16, 2018 Shares in Astrazeneca dipped after the pharmaceutical giant revealed it had not reached the results it had hoped for from a trial of a key drug. Patients treated with the drug Imfinzi on its own and combined with the tremelimumab antibody were not significantly more likely to survive than those treated with chemotherapy alone, researchers found. [...]
Debate: As businesses start to implant their employees with microchips, should this be allowed? November 16, 2018 Debate: As businesses start to implant their employees with microchips, should this be allowed? Yes – Richard Skellett is a future of work expert and digital anthropologist. From smartphones to the media hubs we have at home, microchips are already collecting data on us which is uncontrollable. Surely, then, it makes sense to have your own [...]
The hidden meanings behind the Q&A November 16, 2018 You've finished your presentation. You remembered to look at the audience, rather than at the massive screen behind you, so it actually seemed like a presentation rather than a modern corporate version of temple worship. You didn’t just read out the slide deck, so no one is wondering why you bothered with a presentation at [...]
British builder Kier Group confident of meeting full-year expectations with results weighted towards second-half of financial year November 16, 2018 Kier Group has announced that it is confident of meeting its full-year expectations ahead of its AGM today, with the full-year results being weighted towards the second half of the financial year. The FTSE 250 listed company have said it will continue to focus on operational cash generation and reducing net debt as part of their Future Proofing Kier (FPK) [...]
Theresa May admits she harbours ‘concerns’ over Brexit deal’s Irish backstop agreement November 16, 2018 Theresa May admitted she has concerns over her Brexit deal’s strategy to avoid a hard border in Ireland as she resisted calls to step down as Prime Minister on LBC today. A string of MPs have resigned so far over her Brexit withdrawal agreement, which puts the UK in a temporary customs union with the [...]
Ofcom fines Virgin Media and EE £13m for overcharging customers November 16, 2018 Ofcom has slapped EE and Virgin Media with combined fines of £13.3m for overcharging customers who ended their contracts early. The regulator said that EE had charged 400,000 customers up to £4.3m too much over a six-year period. Up to 15m mobile, landline and broadband customers were stuck in contracts with “excessive early exit charges”, [...]