Bitcoin price (BTC) is on the rise again after cryptocurrency market cap surpasses $200bn November 8, 2017 Bitcoin is on the rise again after falling below the $7,000 mark. The cryptocurrency is up more than four per cent, adding around $500 and taking it closer to its most recent record all-time high of $7,601 which it hit over the weekend. Read more: Bitcoin just smashed $7,000 There’s been some volatility, however, despite [...]
Autumn Budget 2017: Liberal Democrats leader Vince Cable reveals great youth giveaway funded by a wealth tax | City A.M. November 8, 2017 The Liberal Democrats are looking into a wealth tax that it would use to fund a grant for all young people to help pay for further education or adult learning. Leader Vince Cable today revealed the party was backing the idea of “a generous and ambitious learning account of, say, £18,000”, available to every young [...]
Antonio Carluccio dies: Italian chef and restaurateur passes away aged 80 November 8, 2017 Celebrity chef Antonio Carluccio, the founder of the Carluccio’s restaurant chain, has died at the age of 80, his agent has said. Carluccio founded his eponymous restaurant as an Italian food shop and wholesaler in 1991, before opening the first Carluccio’s Caffe in central London 1999. Carluccio sold his shares in the company to, among [...]
World Cup qualifying play-offs: Does it matter for Northern Ireland and the Republic of Ireland whether you play home or away first? November 8, 2017 Both Northern Ireland and the Republic of Ireland have been bullish about their chances of winning their respective World Cup qualifying play-offs against Switzerland and Denmark this week and booking their flights to next summer’s finals in Russia. For Republic manager Martin O’Neill, whose side travel to Copenhagen for the first leg on Saturday, the [...]
Deutsche Bank CEO John Cryan hints at thousands of job losses as employees are replaced by tech November 8, 2017 The chief executive of Deutsche Bank has hinted thousands of jobs could soon be cut at the global institution, as technology developments including machine learning slash the need for human workers. John Cryan suggested that tens of thousands of jobs could be eliminated as the bank, which has a hefty investment banking presence in London, [...]
Uber’s hooking up with Nasa to bring flying cars a step closer to reality by 2020 in Los Angeles and beyond November 8, 2017 Uber says its vision for flying cars are closer to take off after a deal with Nasa to work on a system for managing airspace together. The ride-hailing startup’s ambitious plans for a network of pod-like flying taxis that zoom around the sky were first revealed in April. And now it says it will partner [...]
Monarch Airlines administrator KPMG vows to appeal “disappointing” lost High Court ruling over £60m airport slots November 8, 2017 KPMG, the administrator of doomed airline Monarch, has vowed to fight on after today losing a legal battle to sell take-off and landing slots believed to be worth as much as £60m. High Court judges this morning supported an earlier decision by Airport Coordination Limited – an independent slot coordinator – that the airline did [...]
Tencent takes a stake in Snap November 8, 2017 Chinese tech giant Tencent has bought up a more than 10 per cent stake in Snap, the maker of messaging app Snapchat. The stake was disclosed in regulatory filings overnight following earnings late on Tuesday evening. Snap’s ownership structure, which gives voting rights only to its founders, means the stake has not previously been disclosed [...]
Pound sterling falls against the dollar and the euro on Brexit no-deal worries (GBPUSD GBPEUR) November 8, 2017 The pound tumbled against both the dollar and the euro in morning trading as investors showed their nerves over political uncertainty in the UK. Sterling was down 0.3 per cent against the dollar, at $1.3129, in late morning trading, and fell 0.4 per cent against the euro, to €1.1318. The falls came amid political turmoil [...]
The £1.2bn Northern Line extension just reached a major milestone: It has finished tunnelling work from Battersea to Kennington | City A.M. November 8, 2017 The £1.2bn Northern Line extension to Battersea notched up a fresh milestone today, with the completion of tunnelling work. A huge tunnel boring machine broke through this morning at Kennington, meaning two 3.2km tunnels from Battersea Power Station, via Nine Elms, have now been built. Since starting in April, two boring machines – dubbed Helen [...]