Big Tech must be tamed, for the sake of a fair society May 17, 2018 Just as the competitive oil rush gave way to Rockefeller’s new monopoly in the form of Standard Oil, so the internet’s infrastructure is being built around a handful of companies of immense and growing power: Google, Apple, Facebook, and Amazon, along with their Chinese equivalents, Tencent, Alibaba, and Baidu. There are real concerns that while [...]
The secret bailout system the EU doesn’t want you to know about May 17, 2018 Target2 – the Trans-European Automated Real-time Gross Settlement Express Transfer system – started off as a simple payment system for cross-border transactions in the Eurozone. Its use is mandatory for the settlement of any euro transaction involving the ECB and the national central banks of the Eurozone member states. It has, however, become something much [...]
Gordon Ramsay turns red as tough market takes a bit out of restaurant empire May 17, 2018 Gordon Ramsay’s restaurant empire has become the latest victim of a turbulent market, swinging to a multi-million pound loss last year. The celebrity chef’s network of high-end restaurants, including City favourite Bread Street Kitchen and three Michelin-starred Restaurant Gordon Ramsay, reported a pre-tax loss of £3.8m in the year to August 2017. The previous year [...]
Why it’s crucial for investors to incorporate inflation into their financial planning May 16, 2018 | City Talk We often find media coverage fretting inflation’s impact on consumer spending—particularly true after UK inflation jumped over the last couple years. In our view, though, British investors should be more focused on whether their financial plans take it into account. We believe doing so is vital to increasing the likelihood of reaching your goals. The [...]
Oxfam’s CEO will stand down at the end of this year May 16, 2018 Oxfam’s chief executive has stepped down in the wake of a sexual misconduct scandal at the charity. Mark Goldring has said that someone else needs to “rebuild” Oxfam after it was rocked by allegations that aid workers paid for sex in Haiti following the 2010 earthquake. He will leave the charity at the end of [...]
Martin Lewis sets out demands to Facebook ahead of court action May 16, 2018 Money guru Martin Lewis has said he will settle his legal action against Facebook if the social networking site meets his demands. Following a meeting with senior Facebook executives at the company’s London offices, Lewis took to social media to say he was “hopeful” that the situation could be resolved. “I don’t particularly want my [...]
Gareth Southgate hails young England: It’s a World Cup squad to get excited about May 16, 2018 Uncapped Liverpool teenager Trent Alexander-Arnold was the surprise inclusion in an England World Cup squad manager Gareth Southgate said “we can be excited about”. Alexander-Arnold, who has impressed in Liverpool’s run to the Champions League final, was characteristic of a youthful England squad which includes only five players from the Three Lions’ last trip to [...]
Playtech shareholders revolt against boss’s 67 per cent pay rise to £1m, while asset manager Jupiter sees a small outcry May 16, 2018 Betting and online gaming software company Playtech saw the odds fall against it this afternoon, as shareholders refused to approve a remuneration report which signed off a 67 per cent pay rise to its boss. Chief executive Mor Weizer saw his base salary rise to £1m over the course of 2017, after shareholders voted down [...]
OnePlus 6 hands-on review, details, price, specs and release date: Bigger, faster, and notchier – the latest OnePlus is a true iPhone X challenger May 16, 2018 OnePlus has just revealed its latest phone, the much anticipated OnePlus 6. The unveiling at London’s Copper Box arena this evening follows months of rumours, as well as a healthy sprinkling of leaks, and confirms much of what had been suspected about the Chinese manufacturer’s new Android flagship. So here it is. The OnePlus 6 [...]
Sadiq Khan sets up new scheme to deliver 10,000 council homes by 2022 May 16, 2018 The Mayor of London has committed to supporting 10,000 new council homes in the next four years. Sadiq Khan today offered new funding of £1.67bn to help councils in their quest to build new social housing. The money was secured in the chancellor’s Spring Statement. This marks the first ever City Hall programme dedicated to [...]