Aldi’s £10 gin has been named one of the best in the world April 10, 2018 A £10 gin on sale at discount supermarket Aldi has been named one of the best in the world. The Oliver Cromwell London Dry Gin retails for just £9.99, but has been named a top tipple at the International Spirits Challenge (ISC). It adds another accolade to the gin’s cabinet, as the same spirit has [...]
Glencore boss Ivan Glasenberg resigns from Rusal’s board amid Russia sanctions April 10, 2018 The chief executive of commodities giant Glencore has stepped down from the board of sanctions-hit aluminium producer Rusal. Ivan Glasenberg resigned from his position as a director of the world’s top aluminium producer after its share price halved yesterday due to a fresh round of US sanctions that targeted Russian oligarchs including Oleg Deripaska, who [...]
UK mulls live animal export ban after Brexit as environment secretary Michael Gove looks to lift animal welfare standards April 10, 2018 Environment secretary Michael Gove is mulling a ban on the live export of animals after Brexit as the government looks to improve animal welfare standards across the UK. Gove has today launched a call for evidence for a potential ban on the live export of animals for slaughter after Brexit, and will also look at [...]
Asian markets rally as Xi Jinping calms fears over a China-US trade war April 10, 2018 China’s President Xi Jinping has soothed investor fears of a trade war with the US as he warned against a “Cold War mentality”, causing Asian shares to bounce. Trade war tensions have been brewing between the world’s two biggest economies over recent weeks, with the US threatening tariffs on $150bn (£106bn) of Chinese imports, including [...]
Vast majority say they would travel in driverless cars but fear having to talk to each other in shared journeys April 10, 2018 The vast majority of people would be willing to travel in a driverless car but remain hesitant over the prospect of autonomous car shares, research has revealed. Fears known only too well by Tube commuters, such as an unwelcome need to talk to others and not being able to sit far away enough from troublesome [...]
Interest rates should be set by the market, not central banks April 10, 2018 This week, the first Annual Summit on Economic Freedom will take place in the European parliament. I will have the pleasure of debating with the director of IMF Europe, Jeff Franks, on the topic of “Central Banks: The Solution or the Problem?”. From 2008 onwards, central banks have generally been regarded as the heroes that [...]
Interior design marketplace Eporta lands $8m funding from venture capital and angel investors including Guy Hands | City A.M. April 10, 2018 Interior design startup Eporta has nabbed $8m (£5.7m) in funding from an impressive list of venture capital firms and angel investors. London-based Eporta, which acts as a business-to-business marketplace where interior designers and offices can buy furniture from manufacturers directly, pulled in the cash in a series A round led by US firm Canvas Ventures. [...]
Russian markets, the rouble and Oleg Deripaska’s Rusal and En+ Group plunge on US sanctions April 10, 2018 Russian shares and other financial assets took a hammering on global trading floors yesterday as investors reacted to a fresh round of US sanctions targeting some of Russia’s most prominent tycoons. The biggest hit was taken by Russian oligarch Oleg Deripaska’s firms, with aluminium giant Rusal’s Hong Kong-listed share price more than halved, while shares [...]
UK must not neglect the EU when planning post-Brexit trade deals, says Institute of Directors IoD April 10, 2018 The UK cannot neglect the EU when planning future trade deals post-Brexit, according to business group the Institute of Directors (IoD). The EU has seen stronger growth as a market for UK exporters than either Asia or North America over the past two years, according to a recent survey from the group. Meanwhile 43 per [...]
British exports to grow at “fastest pace since 2011” according to HSBC forecasts April 10, 2018 The value of British exports will expand at the fastest pace since 2011 during the course of this year, according to forecasts from HSBC to be published today. UK goods and services exports will increase by 10 per cent in 2018 to hit $900bn in US dollar terms (£639bn), the bank said. British exporters have [...]