June train strike: RMT plans three-day strike on South Western Railway over train guard spat June 7, 2018 Further strike action will hit South Western Railway later this month as clashes with the Rail, Maritime and Transport (RMT) union show now signs of abating. The RMT has instructed members not to carry out their duties from the morning of Thursday 21 June to midnight on Saturday 23 June. The three-day strike has been [...]
Premier League TV rights: Amazon purchases first TV rights package to show 20 live Premier League matches from 2019/2020 season June 7, 2018 Amazon will show 20 Premier League matches a season for three years from 2019, and these will be available to the tech giant’s Prime members in the UK. From the 2019/2020 season, UK Prime members will have access to watch 20 matches a season, and will show one round of midweek games in December, and [...]
EU warns on increased cocaine availability as it hits highest purity in a decade in Europe June 7, 2018 An EU watchdog has warned today that increased amounts of cocaine, at the highest purity at street-level seen in a decade, are flooding Europe. The European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) said in its annual European Drug Report that cocaine is the most commonly used illicit stimulant drug in Europe, used by [...]
Plus500 (PLUS) share price rises as company bumps up expectations for the year after cryptocurrency boom June 7, 2018 Online trading platform Plus500 said this morning that its board had lifted its expectations for the year, as trading remains ahead of what was previously predicted, thanks to a cryptocurrency boom at the start of the year. Plus500 had previously announced that a strong start to 2018 had come thanks to a period of “relative [...]
UK house prices edge up in May after April slump – Halifax June 7, 2018 The UK housing market remains subdued, however, house prices in the three months to May were 1.9 per cent higher than the same period a year earlier, according to survey by UK bank Halifax. On a monthly basis, prices rose by 1.5 per cent in May, partially reversing the 3.1 per cent decline in April. [...]
Cyber warriors and digital crime – chief information officers reveal what is keeping them awake at night in new survey June 7, 2018 Computer hacking, ransomware, data breaches, fraud: cyber crime is a bigger problem than ever, and is a concern for everyone, from the humble consumer to the largest of corporations. Cyber warfare has even emerged as the latest military battleground – attacks on government agencies have increased, and both China and Russia have been accused of [...]
DEBATE: Do we need governments to regulate cryptocurrency? June 7, 2018 Do we need governments to regulate cryptocurrency? Linda Wang, co-founder of Lendingblock, says YES. As more institutional money enters the cryptocurrency market, regulation is becoming crucial in order for digital currencies to gain legitimacy and mass adoption. Without a legal framework, the biggest risk to the growing cryptocurrency market is regulatory uncertainty. While libertarians may [...]
Inconsistent and erratic regulators risk stifling our thriving vaping industry June 7, 2018 Independent vaping companies, free from ownership or control by the tobacco or pharmaceutical industries, make up 90 per cent of what is one of the fastest growing industries in Britain. UK vaping businesses are known globally for their innovation and product stewardship, and locally, independent vape shops are one of the few areas of positive [...]
Donald Trump is tariffically ignorant of economics, but don’t expect another Great Depression June 7, 2018 Paul Samuelson, a Nobel Laureate in economics, was once challenged by a sceptical mathematician to name one proposition across all the social sciences which was both true and non-trivial. Samuelson shot back with David Ricardo’s theory of comparative advantage: “that this idea is logically true need not be argued before a mathematician; that it is [...]
Carillion collapse leaves taxpayer on the hook for nearly £150m June 7, 2018 The collapse of outsourcer Carillion will cost the taxpayer at least £148m, according to a report published today by the National Audit Office (NAO). The liquidation of Carillion is currently expected to cost £522m which includes a £50m payment for big four accountancy firm PwC which is acting as special manager. Read more: The Carillion [...]