As Instagram launches a dedicated @design channel, London designers and crafters talk about the platform’s vast influence May 3, 2018 We speak to five designers and crafters about how the social media platform has changed the way they do business and influenced their work Jono Smart Jono Smart @jonosmart, 84.5k followers Instagram is part of daily life, for sure. I joined when I started my studio three years ago. I wasn’t a full time potter [...]
US President Donald Trump admits lawyer paid off porn star Stormy Daniels May 3, 2018 Donald Trump today admitted his lawyer, Michael Cohen, had paid off a porn star who claims to have had an affair with the US President for her silence after previously denying all knowledge of the $130,000 (£95,500) payment. Writing on Twitter, Trump said Cohen “received a monthly retainer” which was used to “stop the false [...]
Chinese tech firm Xiaomi looks to raise $10bn for Hong Kong float May 3, 2018 Chinese smartphone behemoth Xiaomi is gearing up to float on the Hong Kong stock exchange as it looks to raise $10bn for the IPO. The company is due to list in July in what could be the biggest IPO since Alibaba floated for $25bn in 2014. It filed for an IPO in Hong Kong today, [...]
Imperial College Business School launches its first student-led investment fund May 3, 2018 Students at Imperial College Business School have today launched the institution’s first student-led investment fund, managing £100,000 courtesy of its endowment. The fund has been set up by Master’s students on Imperial’s Investment and Wealth Management and Financial Accounting programmes, who will be aiming to bring some fresh ideas and diversity to the industry’s stereotype [...]
Esure motor policies motor as its home arm is battered by Emma and the Beast May 3, 2018 Esure today delivered a frosty blast to shareholders as the insurer took a multi-million pound hit from Britain’s prolonged winter. Home insurance gross written premiums fell six per cent to £19.8m. In-force home policies fell 13.4 per cent in the first three months of 2018, the Sheila’s Wheels owner said. “During the first quarter, the [...]
Eurozone inflation falls to add to European Central Bank quantitative easing quandary May 3, 2018 The pace of price rises in the Eurozone fell in April to add to the reasons for caution for the European Central Bank (ECB) over withdrawing monetary policy stimulus in the autumn. Consumer price inflation fell to an annual rate of 1.2 per cent, down from 1.3 per cent, in spite of a marked pick-up [...]
Testy Tesla boss Elon Musk sees $2bn wiped from car maker’s market capitalisation May 3, 2018 Tesla boss Elon Musk has paid a steep price for rebuking analysts asking about the company’s profit potential during a conference call – $2bn (£1.47bn) to be exact. The electric car manufacturer yesterday announced its first quarter result, which showed the company had posted its largest ever quarterly loss. To achieve profitability, Tesla will have [...]
Morning markets: FTSE tumbles after Wall Street wobbles and Asian shares slide May 3, 2018 The FTSE 100 slipped 0.3 per cent after the bell this morning, falling well below the 7550 levels it had reached earlier in the week, before rallying back towards 7540. Major European markets also fell in early trading with French CAC, Germany’s DAX and the Spanish IBEX all falling over 0.20 per cent. The FTSE’s [...]
Young people need science, tech and math skills to perform the jobs of the future May 3, 2018 In today’s tech-driven world, the skills we develop in our personal and professional lives are becoming increasingly intertwined, and it starts young. When children code through games like CodeMonkey, they aren’t just playing, but learning vital skills that will support them throughout their careers. We are living through a complex digital revolution, and while keeping [...]
Barclays Africa sacks KPMG amid allegations of links to South African corruption scandal May 3, 2018 Barclays Africa today withdrew its recommendation to reappoint KPMG as one of two joint auditors. The move is the latest chapter in a saga which has seen the Big Four accountant’s South African arm become embroiled in a conduct scandal. In mid-April South Africa’s auditor general stripped KPMG of all its central contracts amid allegations [...]