Who is the new City minister? Salisbury MP John Glen takes reins from Steve Barclay as Theresa May’s reshuffle concludes January 9, 2018 Salisbury MP John Glen has been named the new City minister, as Theresa May’s reshuffle concludes. Glen, who will have responsibility for Brexit, takes the reins from Steve Barclay at a critical point in the withdrawal process. He is the 11th economic secretary to the Treasury in the last decade, with the role being held [...]
Great Britain set record medal target for Winter Olympics at Pyeongchang 2018 January 9, 2018 UK Sport has set British and Northern Irish athletes the target of winning an unprecedented five medals at next month’s Winter Olympics in Pyeongchang. The funding body is confident that a vast increase in investment over the four-year cycle from £14m to £32m will result in the best ever Winter Games for the country’s Olympians [...]
Kodak shares rise on intention to launch Bitcoin and Ethereum rival cryptocurrency KODAKcoin January 9, 2018 Shares in camera company Kodak jumped more than 40 per cent today after the company announced its intention to launch its own cryptocurrency. KODAKCoin will be a partnership between Kodak and Wenn Digital, with the aim of ensuring photographers get paid for their work. Using a blockchain platform called KODAKOne, the project will keep a [...]
Donald Trump to attend World Economic Forum Annual Meeting in Davos January 9, 2018 Donald Trump is to be the first US president to attend the Davos World Economic Forum in 18 years, it was confirmed today. The conference in Switzerland typically attracts attendees including billionaires, top business leaders and Hollywood stars. It is unusual for presidents to attend in person, though vice-presidents sometimes represent the US at the [...]
Solving the gender pay gap means making stay-at-home fatherhood sexy January 9, 2018 If we are going to solve the gender pay gap in the workplace, more women need take the role of men in the home seriously. All too often, women are quick to deem men useless or incompetent when it comes to childcare or housework. But while division of labour is a factor, this should not [...]
Latest Mifid II hiccup: European regulator Esma delays revealing list of stocks set to be affected by dark pool volume caps January 9, 2018 In the latest wobble in a massive regulatory shake-up, the European regulator has delayed revealing a list of stocks which will be affected by new dark pool volume caps. The European Securities and Markets Authority (Esma) blamed exchanges for suppling “incomplete data”, and said it hoped they would remedy this so a list could be [...]
Liam Fox says up to 40 “continuity” trade deals will be in place by point of Brexit January 9, 2018 International trade minister Liam Fox has guaranteed that the UK will have deals in place with all its current trading partners by the point of Brexit. Fox made the claim as part of the government’s efforts to have its Trade Bill pushed through parliament. The bill is one of nine new pieces of legislation that [...]
Bitcoin sinks below $15k while ethereum nears its all-time high January 9, 2018 After a brief rally that began last night, bitcoin sank back below $15,000 today, but ethereum rose to $1,215, nearing its highest ever level. Bitcoin’s price dropped as much as 10 per cent yesterday, but ethereum regained its spot as the second most valuable cryptocurrency by market cap after Ripple dropped off of a recent [...]
Bitcoin: JP Morgan Chase’s Jamie Dimon says he regrets calling bitcoin a “fraud” January 9, 2018 The boss of JP Morgan Chase has now said he regrets calling bitcoin a “fraud”. Jamie Dimon’s infamous comments about the cryptocurrency in September dented bitcoin’s value, though at the time its was just trading around $4,000. Today, one bitcoin was worth about $15,000. The influential executive had also said he would fire an employee [...]
Brexit job losses may be lower than first feared says City of London Corporation boss January 9, 2018 London financial services job losses after Brexit may be lower than previously thought, according to a top City of London official. Jeremy Browne, the City of London Corporation’s envoy to the EU, said financial services firms’ plans to move jobs out of the UK and into the EU were becoming less drastic than initially thought. [...]