EU bonus cap: UK’s challenge reaches final stage in court September 7, 2014 The UK's challenge to the European Union's bonus cap plan will be heard in the European Court of Justice tomorrow. This will be the final stage in the case opened by the UK Treasury last September. The new rule, which is supposed to be imposed on all bonuses awarded from 2014 onwards, caps bankers' [...]
Scottish Independence: Yes campaign gains momentum as poll puts it in lead for first time September 7, 2014 It's the moment Scotland's Yes campaigners have been waiting for – the polls suggest that an independent Scotland is as likely as a continued union with the rest of the UK, if not more so. As the 18 September referendum approaches, both sides of the debate have been stepping up their attempts to win [...]
Chelsea pick five players with just one appearance between them in Champions League squad September 6, 2014 Chelsea have picked five players with just one first-team appearance between them as part of their Champions League squad, in order to comply with Uefa regulation. Champions League rules state that clubs must name at least eight home-grown players in their squad 25-man squad. The Blues have complied by selecting youngsters Mitchell Beeney, Jeremie [...]
Russia “will react” to EU sanctions, accuses Nato of supporting neo-Nazi forces September 6, 2014 Russia says "there will undoubtedly be a reaction" to any new sanctions imposed by the EU. The Russian foreign ministry said in a statement that the EU's proposed sanctions were "practically sending a signal of direct support to the 'party of war' in Kiev". The new sanctions will target state-owned oil companies, including Rosneft, and add [...]
Alibaba expects IPO to raise $24.3bn with largest listing in history September 6, 2014 Alibaba expects to raise $24.3bn when it lists on the New York Stock Exchange (NYSE) later this month. If it raises that sum, the Chinese e-commerce giant's initial public offering (IPO) will be the largest in history, giving it a valuation of around $163bn. In a regulatory filing with the US Securities and Exchange Commission, [...]
Nike and Apple named as most counterfeited brands in the world last year September 5, 2014 Nike and Apple were the two most counterfeited brands in the world last year, according to the latest illicit trade report from the World Customs Organisation (WCO). Nike was the most counterfeited brand, with 1,120 cases of fraudulent Nike products being seized last year, a 48.3 per cent increase on 2012's total of 580 cases. Apple [...]
Russian rouble rallies as Putin agrees Ukraine ceasefire September 5, 2014 The rouble rose 0.22 per cent against the dollar and 0.14 per cent against the Euro at pixel time after Ukrainian president Petro Poroshenko announced his government had reached a ceasefire agreement with pro-Russian rebels this afternoon. Earlier in the day, investors had piled into Russian stocks on rumours of an end to fighting, with [...]
Insurance claims explain why an indestructible screen is top of users’ wishlist for the Apple iPhone 6 September 5, 2014 iPhones may be cool, but considering we carry them everywhere with us they're frighteningly delicate – and a new report suggests the iPhone 5 is the most vulnerable of all the models, with 47.8 per cent of insurance claims made for the phone related to some kind of damage. According to the study, just over 10 [...]
Real Madrid trump Barcelona with the highest revenue for a football club ever September 5, 2014 Real Madrid have announced total revenue of €603.9m (£479.7m) for the 2013/14 season, a new record for a football club, beating the record set by Barcelona earlier this summer. The club has recorded a 10.9 per cent increase in revenue on the previous season's €521m, and has trumped the €530m reported by arch-rivals Barcelona in [...]
Watch: Is the Ikea Bookbook the launch which could leave Apple in the shade? September 5, 2014 Ikea claims to have launched the next big thing, and we think it could take some of the polish off Apple's iPhone 6 launch next week. The Bookbook is wireless, has an eternal battery life and can double its interface from its regular 7.5 by 8-inch size to 15 inches, notes chief design guru [...]