Why the solution to India’s energy challenge lies in coal power plants January 13, 2017 India's huge development and energy challenges mean there are economic and development arguments for investing in new coal power plants for the foreseeable future. More than 240m people in India have no electricity, and even for those who have, the quality is far below standards acceptable in developed countries. India’s residential electricity consumption lags behind [...]
Axa UK’s chief executive: With a future of fleets of drones and driverless cars, incumbent insurers must act now January 13, 2017 Running late for work, you burst out of the front door and jump into the back seat of your car. Checking that the coast is clear, the vehicle pulls out of the drive and patiently glides down the street, pausing for traffic. Meanwhile, your smartwatch, gauging your speed and accessing the latest traffic data knows [...]
Foundations of the housing white paper are still being laid as Prime Minister Theresa May asks for more meat on the bones January 13, 2017 The long-awaited housing white paper is still weeks from publication as the government looks for ways to beef it up so that it passes muster with the Prime Minister Theresa May. The flagship policy document was originally pencilled in for publication late last year. Several key industry figures had expected the white paper to be published [...]
Gaps in net household incomes are falling, according to the IFS January 13, 2017 Inequality in net household incomes has declined over the last 20 years according to a new report from the Institute for Fiscal Studies – the second set of figures this week to reveal a narrowing gap between Brits at the top and bottom of the scale. Published this morning, the IFS numbers record household incomes calculated [...]
Ireland targets UK fintech startups mulling Brexit contingency plans January 12, 2017 The Irish government is eyeing up the UK's thriving fintech sector and will make a bid to attract startups to Dublin directly in the wake of the Brexit vote, City A.M. has learned. The country's junior finance minister Eoghan Murphy will head to the Square Mile along with experts in fintech and payments in the [...]
Barclays advises government on latest student loans sell-off push January 12, 2017 Bankers have been appointed by the government as it seeks to sell-off up to £12bn-worth of student loans. Ministers are preparing to kick-off the latest sale of loans issued to students before 2012, and City A.M. has learned Barclays is advising on the deal. The Treasury announced in last year’s Autumn Statement that it was continuing to [...]
Canary Wharf station reopens after flooding trouble causes more travel headaches for the capital’s commuters January 12, 2017 The capital's commuters have been given yet more travel headaches for the week, after flooding caused station troubles during rush-hour. Canary Wharf was evacuated due to flooding, while westbound services weren't stopping at Mansion House and Victoria station also because of flooding. Bank was also closed due to overcrowding. Trains are now stopping at Mansion House, though Circle [...]
Fiat Chrysler has been accused by US regulator over emissions cheating – sending shares plummeting January 12, 2017 Fiat Chrysler has been accused of installing software to cheat emission tests, by US regulators. The car company's Milan-listed shares dropped 16.1 per cent on the news, after America's Environmental Protection Agency (EPA) accused the firm of fitting around 104,000 of its cars with software which cheated pollution tests. “Failing to disclose software that affects emissions in [...]
Anything Aston Martin can do… Lexus unveils its first sport yacht January 12, 2017 It was only a few months back Aston Martin dipped its toe in the water of day cruisers, with its first ever boat. And now Lexus has unveiled its concept for its very first sport yacht. The luxury division of Toyota said it delved into how it might expand into "new areas of lifestyle and [...]
Under Press-ure: Activist takes 19 per cent stake in regional press group January 12, 2017 Regional newspaper group Johnston Press could come under pressure after an activist investor took a 19 per cent stake in the company. Crystal Amber today increased its stake from 6.7 per cent to 18.6 per cent. Read more: Johnston Press reduces debt woes by flogging papers for £17m Johnston Press was among many newspaper companies [...]