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Business

  • Unexploded bomb found in the Serpentine in London’s Hyde Park

    November 16, 2018

    The North and South banks of the Serpentine in London's Hyde Park were closed today, as police dealt with reports of a possible unexploded bomb from the Second World War. A cordon put in place by specialist officers, set up between the Triangle car park and the boat house on Serpentine Road, has now been [...]

  • Brexit: These are the MPs who have submitted no confidence letters to the 1922 Committee

    November 16, 2018

    The number of MPs who have admitted to sending no confidence letters in Prime Minister Theresa May surpassed more than 20 today as the threat of a no confidence vote grows. A total of 48 letters must be sent to Sir Graham Brady, chair of the influential backbench 1922 Committee in order to trigger such a [...]

  • Court documents suggest Wikileaks founder Julian Assange has been charged in secret

    November 16, 2018

    Julian Assange, the founder of website Wikileaks, may have been criminally charged in secret, according to an apparent mistake in court documents filed in the US. Suggested by Wikileaks to be a "cut and paste" error, Assange's surname appeared in a filing submitted by US authorities in an unrelated case. A section of the filing mentioned the need [...]

  • Supreme Court asked to hear government’s appeal against a legal challenge to Brexit process

    November 16, 2018

    The Supreme Court has been asked to consider whether anti-Brexit campaigners can take their case to the European Court of Justice. A group of Scottish politicians, led by Green Party MSP Andy Wightman, want the European court to decide whether Britain can reverse its exit from the European Union without EU approval. In March last year [...]

  • 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 [...]

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