Holiday Homes: Lansdowne Place in Dublin is the latest high profile property development enticing investors to put their money in Ireland June 15, 2018 How far do you need to travel these days to find an investment with a decent return in a wobbly and unpredictable property market? The answer is closer than you think, but it might sound too good to be true. So far, Dublin has charmed global tech companies like Facebook, LinkedIn and Google into building [...]
China vows to retaliate to Donald Trump’s second round of tariffs on $50bn worth of goods June 15, 2018 China’s foreign ministry has said it will hit back Donald Trump’s plan to plaster tariffs on $50bn (£37bn) worth of its imports. Spokesman Geng Shuang said China’s response would be immediate and that Beijing would “take necessary measures to defend our legitimate rights and interests”. Trump has long threatened to impose tariffs on Chinese as [...]
Tesco reports 10th consecutive quarter of sales growth as Booker deal boosts prospects June 15, 2018 Tesco today reported rising like-for-like sales for the 13 weeks ended 26 May, marking the 10th consecutive quarter of positive growth. The supermarket stalwart said like-for-like sales in the UK were up 2.1 per cent, while like-for-like sales in Booker soared by 14.3 per cent. Tesco said that was driven by “a strong underlying performance [...]
Theresa May’s Brexit fudge pleases nobody, but might just save her bacon June 15, 2018 If Theresa May was hoping her latest fudge would be wolfed down by sweet-toothed Tory MPs, she was quickly put right last night. Just two hours after Rebel remainers were claiming to have secured a victory on the question of a meaningful vote on the Brexit deal, Downing Street published an amendment that fundamentally changed [...]
EU outrage over Donald Trump’s tariffs is a shameless double standard June 15, 2018 European governments and the EU Commission have spent most of the past month condemning President Donald Trump for his steel and aluminium tariffs, targeted against – among others – European exporters. The president of the European Commission, Jean-Claude Juncker stated: “I am concerned by this decision. The EU believes these unilateral US tariffs are unjustified [...]
Netflix’s share price (NFLX) is at record high, after doubling to more than 103 per cent so far in 2018 June 14, 2018 Netflix’s share price hit a record high yesterday, doubling in value since the beginning of 2018. It is now officially the S&P 500’s second-best performing member this year, after it reached an year-to-date increase of more than 103 per cent. Its share price was up 3.41 per cent as markets closed at $392.87 (£295.99). Netflix [...]
Brexit deal amendment “unacceptable” after being “inexplicably” changed without Remainers’ knowledge June 14, 2018 Theresa May has been warned “it’s crunch-time” after a last-minute change was made to a critical amendment to the Brexit bill after the government effectively turned it into a confidence vote. Instead of a clause granting MPs a say on the next steps if no deal is reached by 21 January next year, the published [...]
Brexit: Prime Minister agrees to Remainer rebel MPs’ demands for meaningful vote on withdrawal deal in February June 14, 2018 Update: The victory rebel MPs thought they had secured has collapsed, after a last-minute change rendered the amendment “unacceptable”. Read the full story here. Conservative rebel MPs appear to have secured victory over the meaningful vote amendment, with the Prime Minister reported to have agreed to her backbenchers’ demands. One source close to the discussions [...]
Elon Musk’s Boring Company is going to build a high-speed Chicago rail link June 14, 2018 Elon Musk’s Boring Company has won its bid to build a high-speed underground commuter system in Chicago, from the Loop to O’Hare International Airport. The project, which the Boring Company has said will be “100 per cent privately funded”, will be made up of 16-passenger vehicles that will reach top speeds of 150 miles per [...]
UBS London HQ is sold for £1bn as Asian investment in London real estate rises June 14, 2018 The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for “trophy buildings” in the capital grows. CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office [...]