Watch out, Google: Facebook rolls out its Youtube rival in the UK August 29, 2018 Facebook's answer to Youtube is going live in the UK, after a successful year in the US broadcasting original content, entertainment and sports shows. From today, users around the world can watch videos via Facebook's Watch feature. Additionally, eligible creators in the UK, Ireland, Australia and New Zealand will join the US in making money [...]
Putin’s approval rating slumps as he urges Russians to accept older retirement age August 29, 2018 Vladimir Putin has softened controversial pensions reforms after a public outcry that has seen his approval rating tumble. The Russian President had proposed to raise the retirement age of men from 60 to 65 and from 55 to 63 for women. Read more: US to impose fresh sanctions on Russia on Monday following Novichok attack [...]
G20 imports and exports fall for the first time in two years August 29, 2018 G20 international merchandise trade has fallen for the first time in two years, figures published today show, due to the "significant depreciation" of several currencies against the dollar. Imports to the world's major economies dropped by 0.9 per cent in the second quarter of this year, and exports fell by 0.6 per cent, according to the Organisation [...]
Former City stockbroker jailed over indecent images of children August 29, 2018 A former stockbroker has been jailed for downloading images of children being sexually abused. John Hewitt, who was most recently chairman of London-listed property investment firm Highcroft Investments, was given a 12-month prison sentence at Oxford Crown Court last week. The 72-year-old from Boars Hill, Oxford was also put on the Sex Offenders' Register for 10 years. Hewitt, [...]
Irish hotel group Dalata swoops in for £91m Aldgate site August 29, 2018 Ireland’s largest hotel operator has agreed a £91m deal for a site under development on the edge of the Square Mile. In the latest sign of London’s burgeoning hotel market, the aim-listed Dalata Hotel Group has snapped up the Clayton Hotel in Aldgate, which is situated near the new Crossrail station at Whitechapel. The deal for [...]
US economy grows even faster than first thought August 29, 2018 The American economy expanded at a faster rate than previously thought in the second quarter, according to updated figures published today. US GDP rose at an annual rate of 4.2 per cent in the second quarter, the Bureau of Economic Analysis (BEA) said, an upgrade from the first estimate of 4.1 per cent. The US [...]
Trump puts China behind Clinton email hacks August 29, 2018 US President Donald Trump has accused China of hacking the emails of his 2016 presidential election opponent Hillary Clinton, despite an ongoing investigation into Russian involvement by US officials. "Hillary Clinton’s Emails, many of which are Classified Information [sic], got hacked by China. Next move better be by the FBI & DOJ or, after all [...]
Austrian steel firm shifts production to Mexico to dodge Trump tariffs August 29, 2018 Austrian steelmaker Voestalpine has defied US President Donald Trump by announcing it will shift part of its automotive production line from the US to Mexico to avoid a threatened tariff on imported steel. The firm, which specialises in making finished parts for the rail and automotive industries, has sales of €1.3bn (£1.18bn) in the US, [...]
Changing with the times: Mayfair’s historic owner is setting its sights on property development outside of London August 29, 2018 The Grosvenor Estate, one of the country’s oldest and largest landlords known for its assets at the more expensive end of the monopoly board, is ramping up its expansion plans for property development outside of London. As part of a new portfolio strategy to build 30,000 homes outside of its traditional Mayfair and Belgravia stomping [...]
Telecoms firms to profit off broadband price hikes when contracts expire August 29, 2018 Telecoms firms stand to profit as customer contracts expire, with UK households on standard speed deals facing price hikes of as much as 82 per cent the day after their contract runs out. Standard broadband contracts jump by an average of £152 per year a day after they end, according to data from comparison site [...]