Hey London renters: Stop complaining – it could be a lot worse February 20, 2017 Tenants in London may be saddled with eye-wateringly expensive rental prices – but it could be a lot worse. Analysis of data for City A.M. by Statista suggests London is only the 11th most expensive place to rent in the world – with renters in San Francisco paying almost twice as much as those in the [...]
Oxford University denies plans for a post-Brexit campus in France February 20, 2017 The UK’s oldest university has refuted claims that it is looking to open a campus in France, contrary to reports. The former director at the French ministry for education, Jean-Michel Blanquer, told the Telegraph senior officials had met in Oxford last week to discuss ways in which the university could continue to receive EU funding [...]
UK growth smashes developed nations average to sit atop G7 says the OECD February 20, 2017 UK growth smashed the average for advanced economies around the globe at the end of 2016, with expansion slowing across more developed countries. The GDP growth rate amongst the richer countries was 0.4 per cent in the fourth quarter of 2016, according to the Organisation for Economic Co-operation and Development (OECD). OECD nations grew by [...]
LIMA’s Kelvyn Gardner (007): A license to… reap the benefits of infintiely reproducable intellectual property February 20, 2017 In 1973 George Lucas approached Fox executives with an offer they couldn’t refuse: he would forfeit a 300 per cent salary increase in return for merchandising rights to Star Wars, and rights to any sequels. Rubbing their mitts behind muffled laughter, they graciously accepted what seemed like a naive offer from the young director. Of course [...]
YouTube’s double standards in banning PewDiePie February 20, 2017 If you've ever wondered what on earth a PewDiePie is, you’re not alone. He’s a man, Felix Kjellberg, who reviews video games online. In the YouTube world, he’s as famous as James Corden, as influential as Nick Robinson, and as we found out last week, as funny as Jim Davidson. “Very rich Swedish man pays [...]
Vedanta’s revenue has ballooned as commodity prices increase February 20, 2017 India-focused mining, oil and power firm Vedanta Resources said revenue increased over its third quarter as a result of higher commodity prices and production volumes. The figures The firm's revenue increased 26 per cent to $3.07bn (£2.46bn) in the third quarter, while earnings before interest, taxes, depreciation and amortisation (EBITDA) surged 79 per cent to $882.3m from $493.6m the previous year. However, revenue [...]
RMT and Aslef to ballot Night Tube drivers for strike action February 20, 2017 The RMT and Aslef unions said this morning they will ballot Night Tube drivers for industrial action over a "block on career progression". Both unions are protesting what they see as obstruction of drivers' career progression. Aslef has set a deadline of 10am on Thursday 16 March for the return of ballot papers. According to the [...]
Reiss snaps up retail boss tipped for M&S clothing job February 20, 2017 Reiss has appointed Christos Angelides as its new chief executive. Angelides, who has spent 28 years at rival retailer Next, had been tipped to become Marks and Spencer's clothing and homeware boss. But he said today that he has "long admired the strength of the Reiss brand" and looks forward to working with founder and [...]
An old Irish lady found one of the last £50k Jane Austen fivers and donated it to charity February 20, 2017 There's still a £5 engraved with a tiny portrait of Jane Austen floating around – after the last one was discovered and donated to charity. Back in December artist Graham Short declared he had engraved four of the Bank of England's new fivers with a tiny, 5mm, picture of the author, plus a quote from her [...]
Here’s how Twitter reacted to Donald Trump’s Sweden incident comments February 20, 2017 Donald Trump caused confusion over the weekend when he referred to an "incident in Sweden" while talking about previous terrorist attacks in Europe at a rally in Florida on Saturday. The US President told his audience to "look what's happening last night in Sweden" – prompting many to wonder what had occurred but seemingly gone [...]