EU and UK feel the pain as global trade contracts November 28, 2019 The European Union has been hit hard by the slowdown in international trade, data showed today, with the UK suffering more than most. Global trade continued to slide in the third quarter, the OECD said, approaching two-year lows as the US-China trade war and Brexit uncertainty took a heavy toll. Read more: China rages after [...]
European parliament declares worldwide climate emergency ahead of UN summit November 28, 2019 The European parliament today declared a worldwide “climate emergency” in a non-binding vote ahead of December’s UN climate summit. Lawmakers voted in favour of the resolution with 429 for the motion, 225 against and 19 abstaining. Read more: No emissions peak in sight as greenhouse gas levels hit record high The declaration calls on the [...]
48 Hours In Tbilisi: How to get the most out of a trip to the capital of Georgia November 28, 2019 Things to do Tbilisi is easy to navigate on foot and by metro. Explore the old part of the city, from the museums on Rustavelli Avenue to the cobbled back streets of the old town, ducking into art galleries, churches, cafes or enjoying a scrub down in the sulphur baths. Head to Narikala Fortress for [...]
Immupharma shares take off as firm signs US lupus deal November 28, 2019 Specialist drug developer Immupharma rose almost 300 per cent today on the back of an exclusive US licensing deal for Lupuzor, its flagship treatment for autoimmune disease lupus. The deal with Avion Pharmaceuticals will see Immupharma receive $70m (£54.1m) in milestone payments. Read more: GSK continues pharmaceuticals push with £1.1bn vaccines sale Shares in the [...]
Boris Johnson says David Cameron government’s austerity was a mistake November 28, 2019 Boris Johnson has lashed the Cameron government for six years of austerity, saying the policy direction was a mistake. The Prime Minister hit out at the keystone economic policy of the Cameron years, comparing it to post-war food-rationing by then-Labour chancellor Stafford Cripps. Read more: Boris Johnson apologises to Muslim community He told The Spectator: [...]
Npower loses over 260,000 customers in the third quarter of 2019 November 28, 2019 Big Six energy supplier Npower lost 261,000 customers in the third quarter of 2019, as large providers continue to haemorrhage clients to smaller challenger brands. The figures take total customer losses for the year for the company, which is owned by German power giant Innogy, to 447,000. Read more: 5m customers switch energy supplier in [...]
Ocado to build sixth warehouse as online grocer accelerates growth November 28, 2019 Online supermarket Ocado has announced it will build a sixth warehouse in the UK as it ramps up its growth plans. The new warehouse in Bristol will be the company’s first “mini” customer fulfilment centre, with the capacity for more than 30,000 orders per week compared to the 85,000 orders per week expected at the [...]
Jeremy Corbyn defends Labour’s tax and spend plan November 26, 2019 Jeremy Corbyn has defended his party’s fiscal policies, doubling down on the promise that only the richest in society will pay for a Labour government’s spending plans. Labour’s manifesto has promised £83bn extra spending a year by 2023/24, which it says would be paid for by tax increases on corporations and the top five per [...]
Extinction Rebellion launches plan for ‘Twelve Days of Crisis’ November 26, 2019 Extinction Rebellion is gearing up for seasonal disruptive action that it has dubbed “Twelve Days of Crisis”. The climate action group’s latest plan is set to start on November 30 with a “Paint the Streets” event, before the 12-day demonstration begins at the start of next month. The protesters are expected to target headquarters of [...]
Longboat Energy IPO raises £10m in London debut November 26, 2019 Longboat Energy, a new North Sea oil company, today announced it had raised £10m in its initial public offering on London’s AIM. The company, which is led by the former leadership of Faroe Petroleum, priced the offering at 100p per share. Read more: China’s Sdic power to list in London for up to £640m Blue-chips [...]