After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Indian tycoon Vijay Mallya should be extradited, rules UK court December 10, 2018 Vijay Mallya, the Indian tycoon behind Kingfisher, should be extradited from the UK to India to face fraud charges over the collapse of his airline, it was ruled today. In a judgement at Westminster Magistrates Court, chief magistrate Emma Arbuthnot said Mallya – who co-owned Formula One racing team Force India until it went into [...]
Amazon eyes West End location for flagship checkout-free supermarket December 10, 2018 Amazon is reportedly planning to open a checkout-free store in the West End as the tech giant looks to expand its supermarket concept to the UK. The online retailer is eyeing up sites near Oxford Circus for a flagship Amazon Go store, according to reports in the Sunday Telegraph. Amazon is looking for sites between [...]
Just Group soars on favourable new Bank capital rules December 10, 2018 Shares in pensions provider Just Group rose as much as 27 per cent this morning, following the release of the Bank of England’s final decision on equity release mortgages (ERMs), which the company welcomed as offering “greater clarity” for its future operations. Both Just and Barclays analysts said new rules released by the Bank’s Prudential [...]
Today, we are helping to ensure that business is a force for good December 10, 2018 This week sees the launch of the UK’s first set of principles for the corporate governance of large private companies. This is a watershed moment that underlines the key contribution such companies make to the economy and society in general. Business, well done, is a force for good. Business creates the jobs, economic growth, and [...]
With our North American friends, we are proving that trade is not a zero-sum game December 10, 2018 All eyes will be on Westminster tomorrow as parliament prepares for a crunch vote on Theresa May’s Brexit deal. We must remember, however, that the world is not stopping for Brexit, even if it continues to dominate the headlines back at home. That is why I am today starting my first overseas visit since taking [...]
Footfall takes a tumble as online retailers snap up Black Friday business December 10, 2018 Footfall slumped for the twelfth consecutive month in November as brick and mortar stores saw their Black Friday business snapped up by online competitors. Footfall in the UK fell by 3.2 per cent last month, a significant decline from the 0.2 per cent growth seen in the same period last year, according to retail data [...]
Government cracks down on limited partnerships to fight UK money laundering December 10, 2018 The government unveiled a raft of measures today to cut down on money laundering through British limited partnership companies, hot on the heels of a series of international corruption scandals which have heavily involved UK entities. The Department of Business, Energy and Industrial Strategy (Beis) has announced a package of measures which will require limited [...]
Sabadell reportedly plans to sell TSB when it becomes profitable again December 7, 2018 Spanish lender Sabadell plans to eventually merge or sell its TSB unit once it has returned the bank to profitability, it is reported. Sabadell chairman Josep Oliu said options for the British bank, which was hit by a costly IT meltdown earlier this year, would be looked at in due course. “The aim is that TSB enters into a process [...]
ITV pulls the plug on Brexit debate between Theresa May and Jeremy Corbyn December 7, 2018 ITV has joined the BBC in pulling out of hosting this weekend’s proposed Brexit debate, with the Conservatives and Labour again unable to agree on how to structure the televised debate. ITV said it “invited the Prime Minister and leader of the opposition to appear in an ITV programme this Sunday evening, and we have been [...]
Former GCHQ boss calls for greater regulation of Facebook December 7, 2018 Former GCHQ boss Robert Hannigan has attacked Facebook, claiming it is undermining democracy and demanding that the social media giant face greater regulation. Speaking on BBC Radio 4’s Today programme, Hannigan stated that Facebook “isn't a kind of fluffy charity providing free services". "It's is a very hard-headed international business and these big tech companies are essentially the [...]