Flipboard’s boss Mike McCue on fake news, float plans and Facebook | City A.M. July 16, 2018 Flipboard chief executive Mike McCue is unlikely to get hauled in front of the US Senate any time soon. The founder of the Palo Alto-based news and social content aggregator is an evangelist for quality content, using a combination of trained journalists and algorithms to weed out “fake news” on its platform. “We want us [...]
Next-generation fighter aircraft unveiled in aersoapce plan to bolster UK defence industry post-Brexit | City A.M. 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 [...]
EU migration to the UK falls to lowest since 2013 | City A.M. July 16, 2018 Net EU migration into the UK fell to its lowest point since 2013 at the end of last year, continuing the marked decline in the numbers of EU immigrants which started at the time of the Brexit vote. Some 240,000 EU citizens came to the UK in 2017, according to the Office for National Statistics [...]
World Cup 2018: Did brands and advertisers score a hat-trick or an own goal? | City A.M. July 16, 2018 Yesterday’s final was an exciting conclusion 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 [...]
Theresa May loses another ministerial aide over her Chequers Brexit plan – the ninth person to quit in just over a week | City A.M. July 16, 2018 Another ministerial aide has quit over Theresa May’s Brexit white paper, marking the ninth resignation since she confidently revealed her Chequers agreement just over a week ago. Scott Mann, parliamentary private secretary at the Treasury and MP for North Cornwall, handed in his resignation this morning, directly citing her direction of travel in negotiations as [...]
Surprise! Deutsche Bank shares rise as it announces profits beat early | City A.M. July 16, 2018 Shares in Deutsche Bank jumped this morning as the German lender surprised markets by announcing that profits will be significantly above analyst expectations for the second quarter. Deutsche expects to report income before tax of €700m (£618m) for the April to June period, giving net income of €400m, it announced this morning. The ad hoc [...]
Donald Trump says US-Russia relations ‘never worse’ ahead of Helsinki meeting with Putin | City A.M. July 16, 2018 US President Donald Trump said today that US relations with Russia have “never been worse” ahead of his summit with Russian President Vladimir Putin in Helsinki today. In a tweet this morning Trump blamed poor US-Russia relations on “many years of US foolishness and stupidity and now, the Rigged Witch Hunt!”- referring to special counsel [...]
Former Conservative minister Justine Greening calls for second referendum on Brexit deal | City A.M. July 16, 2018 Former Conservative education secretary Justine Greening has called for a second referendum on the UK’s Brexit deal. In an opinion piece in the Times today, Greening described Prime Minister Theresa May’s Chequers Brexit dea as “the worst of both worlds” and argued a second Brexit referendum would break parliamentary “stalemate” on the issue. Read more: [...]
Mmusi Maimane means business: Why South Africa’s Democratic Alliance opposition leader wants to cut the Rainbow Nation’s red tape | City A.M. July 16, 2018 In his first state of the nation address in February, South Africa’s President Cyril Ramaphosa was adamant when he pledged that “a new dawn” was upon the country. There was reason to be hopeful; the former deputy president in the African National Congress (ANC)-led government had run on an anti-corruption platform and smoothly taken the [...]
Brexit immigration targets could ring up a £12bn annual bill on UK finances | City A.M. July 15, 2018 Government immigration targets to reduce net migration to under 100,000 people a year could end up costing the UK economy up to £12bn annually within the next five years, according to analysis from think tank Global Future. Based on data provided by the Office of Budget Responsibility ahead of the government’s latest migration figures, efforts [...]