Here are the latest indoor-outdoor furniture trends from the Glastonbury of design festivals, Salone del Mobile June 8, 2018 It might be a fallow year for Glastonbury this year as it takes a break from its hordes of 175,000 revellers – but not so Milan. The world’s greatest design jamboree, Salone del Mobile, attracted more than double Glastonbury’s visitors to its 2018 exhibition pavilions. Imagine the O2, ExCel and Olympia rolled into one, stack [...]
FTSE closes lower amid investor fears over impending G7 summit in Canada June 8, 2018 The FTSE closed down today with investors in a cautious mood for most of the day ahead of a G7 meeting this weekend. It ended 0.3 per cent lower at 7,681.07 points. Markets fell as Donald Trump said Vladimir Putin should attend the summit in La Malbaie in Quebec, Canada. Russia was expelled from what [...]
Quebec halts energy approvals for crypto miners after surge in applications threatens supply June 8, 2018 The Quebec province in Canada said yesterday that it would temporarily halt energy approvals for new cryptocurrency mining projects to be able to supply the whole province with electricity. After booming demand in electricity from cryptocurrency miners, state-owned Hydro-Quebec will submit an application to Quebec’s energy regulator Regie de l’energie proposing a strategy to select [...]
Brexit chaos dominates Westminster as David Davis threatens to resign and Sir Alan Duncan talks of a second referendum June 8, 2018 With every passing day, the government’s attempts to implement Brexit descend deeper and deeper into farce. Yesterday, it all started with David Davis’ threat to resign – not the first time he has threatened to do so, and quite possibly not the last. Davis was unhappy with the text of a proposed “backstop”, a fallback [...]
Google chief executive Sundar Pichai sets out AI principles and won’t use it on weapons or surveillance June 8, 2018 It has its critics – including a certain Elon Musk – but artificial intelligence is being explored by many of the world’s biggest tech giants as a key focus for the future. Including Google. Now, the company’s boss, Sundar Pichai, has shared Google’s principles on AI, saying the tech behemoth felt “a deep responsibility to [...]
FCA unveils new premium listing category for sovereign-controlled companies aimed at paving way for likes of Saudi Aramco June 8, 2018 The Financial Conduct Authority this morning said it will proceed with plans to create a new category within its “premium listing” regime, aimed at companies controlled by a shareholder that is a sovereign country. The new category will be in place from 1 July 2018. The plans were originally floated with an eye on making [...]
Leaked recording of Boris Johnson: Minister admits Brexit red lines may be crossed, slams Remainers in the Treasury and rubbishes Irish border issue June 8, 2018 Boris Johnson has ridiculed fears over the border in Ireland, warned that a final Brexit deal will violate Leavers’ red lines and acknowledged “there may be a meltdown” during negotiations during an explosive private conversation earlier this week. Speaking to a select group of party activists during a private dinner with pressure group Conservative Way [...]
Lloyds sells off last of its holding in Standard Life Aberdeen for £344m June 8, 2018 Lloyds Banking Group has sold off the last of its shares in Standard Life Aberdeen. The 98 million shares represent 3.3 per cent of SLA’s ordinary share capital. LBG sold the shares at 352.5p each, riasing gross proceeds of £344m. The bank said there was no impact on the income statement as the investment had [...]
Political paralysis is nothing new – look at the decades of dithering on Heathrow June 8, 2018 I, too, have been part of the crowds of people lamenting how indecisive and slow the Brexit negotiations have been thus far. It’s true – but let’s not pretend it’s anything new. British politics is static. MPs are strangely happy to boast about making waves, but far too fearful to put rhetoric into action. Read [...]
DEBATE: With House of Fraser closures, does it matter if consumers desert the high street for online outlets? June 8, 2018 With House of Fraser closures, does it matter if consumers desert the high street for online outlets? John Phillips, general manager (EMEA) at Zuora, says YES. Yes, it does matter if consumers desert the high street. Bricks-and-mortar retail is in trouble. Across the US and Europe, online retail is growing exponentially, while offline sales seem [...]