Drones to be tested with passengers on board this year January 7, 2018 Test flights for the first British passenger drone will begin this year. Martin Warner’s Autonomous Flight Y6S will carry passengers for the first time in spring 2018, having only so far performed flights without people on board. If the flights are successful, it could lay the way for two-person drones to fly over London in [...]
Donald Trump’s tax changes on agenda for JP Morgan Chase (JPM) and Wells Fargo (WFC) as US bank earnings season kicks off January 7, 2018 JP Morgan Chase and Wells Fargo are among the first of the US banking behemoths who will kick off a new earnings season in earnest this week, with analysts keenly awaiting updates on how US tax changes will affect the biggest lenders. The Republican party led by US President Donald Trump passed a wide-ranging tax [...]
Oil tanker Sanchi on fire off coast of China after collision leaves 32 missing January 7, 2018 A tanker carrying $60m worth of oil is on fire off the coast of China after a colliding with another vessel. The 32 crew of the Iranian tanker Sanchi are missing while the 21-strong crew of the other cargo vessel have been rescued. Read more: Ship seized in row over illegal oil transfer to North [...]
Failed wholesaler Palmer & Harvey faces a grilling from MPs in Frank Field’s Work and Pensions Committee centred around its 2008 management buyout January 7, 2018 Failed wholesaler Palmer & Harvey (P&H), which collapsed into administration just weeks before Christmas, is set to be grilled by an influential Commons select committee. Former bosses at the 92-year-old company, which was the UK’s largest cigarette supplier, will come under the Work and Pensions Committee’s spotlight to give evidence on a 2008 management buyout. [...]
Investors in bitcoin futures are set to suffer, though bitcoin drove gains for investment managers in 2017 January 7, 2018 Investors who ploughed money into bitcoin futures are currently facing hefty losses, as the first contracts are set to expire in just over a week. Soon after bitcoin futures debuted on the Chicago Board Options Exchange (CBOE) in December, frantic trading caused the price of the January contract to rise from around $15,000 to almost [...]
What is VAR and how does it work? Ahead of Brighton v Crystal Palace, has football’s trial with video assistant referees been a success so far January 7, 2018 The high-stakes nature of knock-out football and the added scrutiny of a grudge match are not the only unusual elements facing Brighton and Crystal Palace players when the two sides meet in the FA Cup on Monday night. They may also need to negotiate the use of video technology which some colleagues in other countries [...]
Molson Coors buys Aspall, the 300-year-old British cider maker January 7, 2018 A near 300-year-old family run British cider maker is the latest independent drinks company to be snapped up by a brewing giant. Molson Coors, the US drinks giant behind Carling and Cobra Beer, has acquired Suffolk’s Aspall for an undisclosed sum it was confirmed on Sunday morning. The deal comes after a year of what [...]
Brexiteers head to Brussels full of Churchillian spirit to warn Barnier of “huge support” for hard trade divorce January 6, 2018 A quartet of pro-Brexit heavyweights will next week warn the EU’s chief Brexit negotiator of “huge support” for reverting to World Trade Organisation rules instead of settling for a bad deal, according to reports. MEP Steven Wolfe will head to Brussels, flanked by former CBI chief Lord Digby Jones and ex British Chambers of Commence [...]
Fire and Fury US President Donald Trump: Being very smart and mentally stable are my two greatest assets January 6, 2018 US President Donald Trump has hit back at claims he is not mentally fit to hold office, calling himself “a very stable genius”. Earlier today, Trump was accused of being “intellectually incapable” of holding office, with most senior White House staff coming to the conclusion he “can’t function in this job as president”, according to [...]
Pyeongchang 2018 Winter Olympics heartbreak as 53-year-old accountant misses out on speed skating team selection January 6, 2018 A 53-year-old accountant has failed in his quest to qualify for the 2018 Winter Olympics in Pyeongchang. Speed skater Theron Sands was hoping to make the US squad and become one of the oldest Winter Olympians ever. Despite taking 10,000-metre silver at the US Olympic trials in Milwaukee this week, Sands did not post a [...]