British citizen detained in Russia after being accused of spying January 4, 2019 A British citizen who has been detained in Russia and charged with espionage could be facing up to 20 years in prison. Dual British – US citizen Paul Whelan, 48, was detained by Russia’s FSB state security service in Moscow last Friday. Foreign secretary Jeremy Hunt said he is “extremely worried” about Whelan, and the [...]
Eurozone inflation falls to its lowest rate in eight months as business output crashes January 4, 2019 A fall in oil prices saw eurozone inflation crash to an eight-month low in December as business activity fell to a four-year low, it emerged today. Inflation for the 19-country area stood at 1.6 per cent in the last month of 2018, down from 1.9 per cent in November and the lowest recorded since April, [...]
German politicians including Chancellor Angela Merkel have personal data hacked and published online January 4, 2019 The personal data of hundreds of German politicians has been published online following a targeted hacking attack, according to reports. Local media said hackers have released data from politicians across all major parties including credit card details and mobile phone numbers, with Chancellor Angela Merkel among those affected. The extent of the attack is not [...]
Lending growth slows as consumers remain cautious ahead of Brexit January 4, 2019 Consumer lending growth dropped to its slowest rate in more than three years in November, according to new data from the Bank of England (BoE). The annual growth rate for consumer credit slowed to 7.1 per cent in November, reflecting weaker flows of new lending, the BoE said. The growth rate was the slowest since [...]
Mortgage approvals decline in November as Brexit uncertainty impacts housing market January 4, 2019 The number of mortgage approvals fell to a seven-month low in November as Brexit concerns continued to rattle the housing market. Mortgage approvals fell to 63,728 in November, down from 66,709 the previous month, according to new figures from the Bank of England (BoE) released today. Mortgage lending rose by £3.5bn in the same month, lower than the [...]
Pre-booking investment drives Stonegate Pubs’ festive sales success January 4, 2019 Stonegate Pub Company saw a 17.8 per cent surge in pre-bookings this Christmas following “significant” investment in its facilities as it reported strong sales over the festive period. The pub chain, which has 735 venues across the country, revealed that it had invested in a central call centre hub to take bookings and that total [...]
From Veganuary to Dryathlons, so begins the month of self-inflicted misery… January 4, 2019 The first few weeks of the year are when the office mood is at its glummest. Blue Monday, a concept created in 2005 (albeit by a holiday company trying to get people to book), and billed as “the most depressing day of the year” falls soon. No one agrees if it’s the second or third [...]
Ex-Credit Suisse bankers arrested over ‘$2bn fraud scheme’ in Mozambique January 4, 2019 Three former Credit Suisse bankers were arrested in London yesterday over an alleged $2bn (£1.58bn) fraud scheme involving loans to state-owned companies in Mozambique. Andrew Pearse, 49, Surjan Singh, 44, and Detelina Subeva, 37, were charged in Brooklyn, New York with conspiring against US anti-bribery law and to commit money laundering and securities fraud, Reuters reported. [...]
Brexit fears see job creation fall to 29-month low January 4, 2019 Brexit uncertainty weighed on the UK’s services sector at the end of 2018 as it marked the close of the year with some of its weakest growth in recent times, while job creation fell to a 29-month low. The services sector posted a 51.2 score for December in the closely-followed IHS Markit/CIPS services purchasing managers’ [...]
Poll: Most Tories would back a no-deal Brexit rather than support Theresa May’s withdrawal agreement January 4, 2019 More than half of Tory party members prefer a no-deal Brexit over Theresa May’s withdrawal agreement, a new poll today suggests. Around 57 per cent of Conservatives would support leaving the EU with no agreement compared to just 23 per cent prepared to back the Prime Minister’s vision. The Yougov poll, funded by the Economic and [...]