The UK has backed down on the timeline for Brexit talks on the very first day of negotiations June 19, 2017 Brexit secretary David Davis was forced to capitulate on a key disagreement during the first day of negotiations with the European Union yesterday, backing down on a battle he previously said would become “the row of the summer”. The UK kicked off talks in Brussels with both sides agreeing a schedule for dialogue as they [...]
Marks & Spencer has started laser printing avocado labels to reduce waste | City A.M. June 19, 2017 In a push towards sustainability, Marks & Spencer (M&S) has started laser labelling avocados. Moving from sticker labels to lasering will save the retailer 10 tonnes of labels and backing paper and five tonnes of adhesive every year on avocados alone. Lasering also uses less energy. So, how does it work? M&S said the innovative [...]
The official ranking of the hottest Tube lines, according to Transport for London (TfL): Bakerloo Line is the hottest London Underground line, followed by the Central Line June 19, 2017 If you’re planning to get home by cramming yourself onto a Tube train today, prepare for an unpleasant journey. And, thanks to the brave souls at Gizmodo, we now know exactly how unpleasant it will be, after it lodged a freedom of information (FoI) request to find out which are the hottest Tube lines. Surprisingly [...]
Meet Charlie Muirhead and Tabitha Goldstaub from Cogx, preparing London (and the world) for our AI future June 19, 2017 In the last few years, gradually, and despite lamentations from the old guard, the world has started to accept the reality of a new economy. It’s the “Fourth Industrial Revolution,” “The Data Economy”, the “Information Age,” or a “Digital Epoch”. Whatever nomenclature one denotes the phenomenon, it is clear that it is here to stay. [...]
Banks to be forced to reveal all cyber security breaches to the European Central Bank June 19, 2017 All banks regulated by the European Central Bank (ECB) will be forced to reveal all major cyber security breaches, according to one of the supervisor’s bosses. Starting this summer, banks directly supervised by the ECB will have to “report all significant cyber incidents”, said Sabine Lautenschlaeger, a member of the ECB’s executive board. At a [...]
Bitcoin explained: What is it? Why has its price risen so much? Will it ever take over from traditional currencies? All your questions answered June 19, 2017 Bitcoin has rocked headlines this year as its price jumped more than 100 per cent to reach all-time highs of over $3,000 – but what actually is it? As the cryptocurrency breaks into the mainstream market, we take you back to basics. What is bitcoin and where did it come from? Bitcoin is a digital [...]
Managing stock market volatility June 19, 2017 | City Talk Volatility is an important measure in financial markets. At times of stress or uncertainty, volatility rises. In contrast, low volatility is usually associated with stable or predictable conditions. In recent months, volatility has been relatively low. A good indicator of this is the VIX index. Although this measures volatility implied by derivatives on US stock [...]
British entrepreneurs are bullish on future growth despite economic uncertainty June 19, 2017 British entrepreneurs are looking confidently into the face of uncertainties posed by Brexit negotiations and political upheaval with a bullish sentiment towards future growth, a new report suggests. Entrepreneurs in the UK expect to grow by 62 per cent over the next five years, according to HSBC Private Bank’s second Essence of Enterprise report. The [...]
Forget the EU, post-Brexit Britain should look to China June 19, 2017 Today the UK starts the long and tempestuous process of negotiating its exit from the EU and working on a future trade agreement. But however these talks go (and at the moment, the omens are not promising), post-Brexit Britain will need to aggressively find new partners or strengthen existing ones in order to fill the [...]
Brexit talks start today: Should the UK be prepared to compromise on freedom of movement? June 19, 2017 Brexit talks start today: Should the UK team be prepared to compromise on freedom of movement? YES – James McGrory, executive director of Open Britain. Prior to the election, the government’s hard Brexit plan focused on cutting immigration, regardless of the impact on our economy and people’s livelihoods. Their self-imposed red lines on immigration and [...]