Alliance of business leaders urges MPs to scrap May’s Brexit deal November 17, 2018 More than 200 chief executives, founders and entrepreneurs have signed a letter calling on Conservative MPs to vote down Prime Minister Theresa May's proposed Brexit deal, urging them to cast aside their political differences. The document, coordinated by members of the Alliance of British Entrepreneurs (ABE) and seen by City A.M., asks MPs to be subjective in [...]
Germany and France make Eurozone budget breakthrough November 17, 2018 Germany and France have made a breakthrough in discussions around a new budget for the Eurozone with French president Emmanuel Macron set to arrive in Berlin on Sunday. Macron has long fought for countries using the euro to have its own budget in order to withstand the kind of financial crises that have hit the [...]
Tesla’s Model 3 sedan on sale in China as Elon Musk plans to increase global operation November 17, 2018 Tesla's new Model 3 sedan is now available to order in China as the company continue to expand its global operation, particularly targetting the Asian market. On the company's website it says that Model 3 deliveries to China will begin in 2019 and Tesla CEO Elon Musk confirmed via his Twitter account that they will [...]
Former London Stock Exchange chief Xavier Rolet close to City return with hedge fund CQS November 17, 2018 Former London Stock Exchange (LSE) chief executive Xavier Rolet is in advanced talks to become a co-chief executive at leading hedge fund manager CQS. The Frenchman left his job at the LSE Group in contentious circumstances last year, after being asked to step down by the board a year earlier than planned in a bid to end [...]
Major disruption in central London as protestors shut down multiple bridges November 17, 2018 Multiple bridges across the centre of London have been shut down today as thousands of protestors descended upon the capital in an unplanned demonstration to protest environmental concerns. People began to block cars and buses on bridges across the Thames river from 10am this morning. The protest is set to move on to a demonstration in [...]
Men’s magazine Shortlist axed by publisher amid declining revenues November 17, 2018 Shortlist has become the latest magazine to be axed after its publisher confirmed that they would no longer be publishing the free print edition due to declining revenues. The men's magazine claimed to be the biggest of its kind in the UK with a circulation of around 500,000, distributed in London, Birmingham, Manchester, Leeds, Liverpool, Newcastle [...]
Volkswagen embarks on $50bn plan to mass produce electric cars November 17, 2018 German car manufacturer Volkswagen has said it will become the most profitable manufacturer of electric cars in the world, under the terms of a new plan to mass produce battery-powered vehicles. Chief executive Herbert Diess said the company will spend almost €44bn (£39.1bn) on developing the technology for a fleet of electric and self-driving vehicles, [...]
US threatens to double down on China tariffs at Asian summit unless Beijing bows to demands November 17, 2018 The US government today refused to back down from its ongoing trade dispute with China, warning it would double existing tariffs on Chinese imports if the country refuses to heel to its demands. US vice president Mike Pence issued a stark warning to China at an Asia Pacific Economic Co-operation (APEC) summit in Papua New Guinea [...]
White House temporarily reinstate CNN correspondent’s press pass after court ruling November 17, 2018 The White House have reinstated CNN correspondent Jim Acosta's press pass after a judge ruled in the network's favour on Friday. Acosta, CNN's chief White House correspondent, had been banned from the building after a heated exchange with US President Donald Trump at a press conference last week following the midterm results. "In response to the [...]
Newspaper giant Johnston Press sold out of administration November 17, 2018 Johnston Press, the owner of publications such as the I newspaper, The Scotsman and the Yorkshire Post, has been sold out of pre-pack administration after appointing administrators earlier today. The publishing house put itself up for sale last month as it sought to refinance £220m of debt that was due to be paid back next [...]