China shifts investment focus from North America to Europe July 16, 2018 China is shifting its investment focus away from North America and onto Europe, as trade policies and political change force a shift in East-West relations. In the first six months of 2018, foreign direct investment (FDI) from China into Europe reached $22bn ($16.63bn), compared with just $2.5bn in North America. In the first six months [...]
Did marketers bring it home during the World Cup July 16, 2018 YESTERDAY’S final was an exciting finale to football’s greatest competition, even after the heartbreak of England losing last week’s semi-final. While France are this year’s champions, the Three Lions will have another shot at glory in four years’ time. This year’s tournament has sparked excitement in jaded fans like, well, myself. But while the football [...]
Tesla boss Elon Musk could face legal action after Thai cave rescuer ‘pedo’ comments July 16, 2018 Tesla chief executive Elon Musk could face legal action after suggesting on Twitter that one of the divers in the Thai cave rescue was a paedophile. Musk, who had provided a mini-submarine to help with the rescue, attacked British diver Vern Unsworth after he described Musk’s contribution as a “PR stunt”. Musk hit back on Twitter, claiming [...]
British Steel secures £90m in fresh debt funding from US investors July 16, 2018 Providing hope to an industry rattled by heavy tariffs imposed on US imports and Brexit trade deal uncertainty, Scunthorpe-based British Steel has landed £90m in debt funding from US investor White Oak Global Advisors. The new financing, first reported by Sky News last night, will be announced alongside the company’s hotly anticipated full year results [...]
Next-generation fighter jet unveiled in £2bn boost to defence industry July 16, 2018 Plans to build a next-generation fighter aircraft were unveiled by the Government today, in a move which will bolster Britain’s post-Brexit defence capabilities and sustain thousands of jobs in the UK aerospace sector. Defence secretary Gavin Williamson outlined details of a £2bn programme which will see a new cutting-edge sixth-generation fighter jet model, christened "The [...]
Thameslink passengers complain of further disruption despite third new timetable in two months July 16, 2018 Thameslink has said it is aware of "a number of disruptions" across its services this morning, despite the introduction of another timetable. The service is running on its third timetable in two months, as it tries to reduce the disruption caused by new running times introduced on 20 May. But the rail operator has told [...]
The co-founder of Urban Massage on the gig economy and disrupting the spa industry July 16, 2018 Years ago, Jack Tang paid £100 for a massage. But, even though the therapist was at the top of her game, it turns out that she was getting a measly £20 of the total payment. Tang found out that it’s not uncommon for spas to charge customers huge amounts, and dish out a tiny [...]
Brexit: The damage inflicted by the ERG leaves Theresa May in power – but too weak to stop the Conservatives’ civil war July 16, 2018 A lot of ink has been spilled on whether the Prime Minister could face a vote of no confidence and be forced out of Downing Street. However, for many weeks now Brexiters have made it clear this is not the route they are seeking. Eurosceptics, represented in part by the European Research Group (ERG), know [...]
Boeing braced for tariff rises as US-China trade war continues July 15, 2018 Aviation giant Boeing is readying itself for new tariffs stemming from the ongoing trade war between the US and China. However, the firm’s chief executive has admitted that there has been no material impact on its running costs just yet. Speaking ahead of the Farnborough Airshow, Boeing’s chief executive Dennis Muilenburg addressed concerns that the [...]
Chequers Brexit plan puts the Tories in a perilous position as Theresa May’s party sinks in the polls July 15, 2018 Theresa May's ongoing survival as Prime Minister is fascinating for the fact that it rests so heavily on the lack of a politically-viable, workable alternative. Her party, and Westminster as a whole, are so factious that no group has both the ability and the incentive to remove her from power, no matter how much they [...]