I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Uber is withdrawing from Denmark, blaming tough new regulations March 28, 2017 Uber is closing its operation in Denmark, after it said new rules due to come into force in the country will make its operation “untenable”. A spokesman confirmed the ride-hailing app is withdrawing from the country, saying new regulations set to be introduced in the country shortly cap the number of licences issued to drivers [...]
OneSavings Bank shares sink after JC Flowers flogs a 10 per cent stake for £96m March 28, 2017 Shares in challenger OneSavings Bank slipped nearly six per cent this morning after one of its cornerstone investors flooded the market by selling a 10 per cent slice of the firm. US private equity behemoth JC Flowers sold 24.3m shares at 395p each, returning £96m to the fund. Shares in OneSavings dipped below 400p and [...]
Active versus passive: What Warren Buffett really thinks about passive fund management March 28, 2017 We are all familiar with the famous investment market phrase “in the short run, the market is a voting machine but in the long run, it is a weighing machine”. Some may know that this is attributed to Benjamin Graham, the British-born US investor, economist and professor recognised as the “father of value investing”. Fewer [...]
Brexit will be a huge challenge for London – but our best days still lie ahead | City A.M. March 28, 2017 Today London mayor Sadiq Khan visits Paris on his shortened tour through continental Europe, just a day before the government invokes Article 50. As the mayor passes through the French capital, it will send an important and timely signal that London remains committed to openness, engagement and internationalism. London has a glorious past, a dynamic [...]
Amber Rudd home secretary: Should messaging services like WhatsApp be forced to break the encryption of users’ messages? March 28, 2017 Professor Anthony Glees, director of the Centre for Security and Intelligence Studies at The University of Buckingham, says Yes. National security must always trump privacy rights. The European Convention explicitly allows this. It also affirms the right of individuals to security and, to deliver it, governments must be able to read every key terrorist and [...]
London holds off New York to keep its title as the world’s number one financial centre despite Brexit uncertainty March 27, 2017 London has held onto the top spot as the world’s leading financial centre, according to a global study. However, political uncertainty from Brexit and the US election has had a “significant impact” on the state of affairs, as London and second place New York fell 13 and 14 points respectively compared to the last Global [...]
The government has given “categorical assurance” that blockchain technology will not be used to monitor benefit claimants after trial with Govcoin, Barclays and Npower | City A.M. March 27, 2017 Lord Henley, parliamentary under-secretary for the department of work and pensions (DWP), has given “categorical assurance” that blockchain technology will not be used to monitor or control those claiming benefits after a small scale trial of the technology for making payments. “The department of work and pensions has absolutely no access to any claimant information [...]
Banks, don’t use regulatory arbitrage to game the system after Brexit warns ECB executive March 27, 2017 Different models of access to the EU market for banks after Brexit could prompt banks to try to game the system, according to an influential policymaker at the European Central Bank (ECB). Sabine Lautenschlaeger, an influential member of the ECB’s executive board, said if regulatory approaches fragment it will lead to banks trying to exploit [...]
Amber Rudd’s WhatsApp encryption remarks: Here’s how experts in tech, policy, intelligence and security reacted March 27, 2017 Amber Rudd has sparked concern by suggesting that WhatsApp, the Facebook owned messaging service, should give access to encrypted communications to security services (read more about it here). The remarks came in the wake of the terrorist attack on Parliament and the revelation that the attacker, Khalid Masood, sent a WhatsApp message shortly before. Experts [...]
Prime Minister Theresa May is heading to Scotland for Sturgeon talks before Article 50 triggered March 27, 2017 Prime Minister Theresa May will head for Scotland today for crunch talks with first minister Nicola Sturgeon as she bids to save the union ahead of triggering Article 50. May will meet with Sturgeon in the latest stage of her tour of the devolved nations at the beginning of a landmark week for the country. [...]