Taxing vaping would be like extending the sugar tax to sugar-free squash | City A.M. August 8, 2018 As a non-smoker and a non-vaper, many people might wonder what my interest is in vaping. The answer is simple. I know from personal experience how beneficial vaping is for smokers who want to quit. My husband, a lifelong smoker, switched from smoking to vaping two years ago, mainly for his health. He hasn’t had [...]
From supply and demand to game theory, football is full of economics lessons | City A.M. August 8, 2018 The football transfer window closes tomorrow, and the opening days of August have seen the usual flurry of activity at all levels. The window in the rest of Europe stays open until the end of the month. Do we detect here the hands of Monsieur Barnier, in another dastardly European Commission plot to do us [...]
Blockchain startups have raked in $1.8bn in venture capital funding in the last six months | City A.M. August 8, 2018 Blockchain startups raised a record-breaking $1.8bn (£1.4bn) across more than 300 deals with venture capital (VC) investors in the last six months, as the industry doubles down on the technology behind cryptocurrency. Data compiled by London-based blockchain specialist VC firm Outlier Ventures revealed investments into dedicated blockchain startups soared in the first half of 2018 [...]
City vents at EU’s failure to reciprocate on no deal regime | City A.M. August 8, 2018 The City has vented its frustration at the EU’s apparent failure to grapple with the regulatory challenges posed by a no deal Brexit. Work in the UK has begun on a ‘temporary permissions regime’, allowing EU firms to continue passporting into the country in the event of a hard Brexit, in which scenario there would [...]
Snap loses 3m daily active users in second quarter but defies analyst expectations with revenue hike | City A.M. August 7, 2018 Snap lost 3 million daily active users, an indicator of growth, in the second quarter of this year but defied analyst expectations with a revenue increase of 44 per cent to $262m. Snap shares were volatile in after-hours trading, at one point increasing by more than 10 per cent before dropping to a more modest [...]
Lendy Cowes Week: Ladies day a success on the Solent | City A.M. August 7, 2018 Today was a testing day for the sailors at Lendy Cowes Week as fluctuating winds and even squally rain playing havoc on the Solent. After a quiet morning with barely a breeze in sight, gusts came and went unpredictably, meaning the wind varied from a few knots right up to 20. Read more: Lendy Cowes [...]
London is starting to fix its housing crisis – but there’s still a way to go | City A.M. August 7, 2018 Hats off to the folk at City Hall who recently published their latest Housing in London report – over 100 pages packed with fascinating figures about the state of housing in the capital. While such a document may not set everyone’s pulse racing, this kind of in-depth, illuminating research is vital if we are to [...]
Tesla shares have been suspended following Elon Musk’s tweets on taking company private | City A.M. August 7, 2018 Tesla shares were suspended yesterday evening following a string of tweets by billionaire founder Elon Musk in which he said he was considering taking the company private, leading to a share price spike. Tesla shares came to a halt up 7.39 percent at $367.25. Musk raised eyebrows when he took to Twitter to claim he [...]
Ollie Pope: How Surrey’s young batsman went from club cricket to an England Test debut | City A.M. August 7, 2018 Just over a year ago Ollie Pope was making his County Championship debut for Surrey against Middlesex at The Oval – a fixture until now notable mainly for a crossbow bolt which was bizarrely fired into the stadium. Looking back it also marked one of the key steps in Pope’s whirlwind nascent career, which has [...]
All change at Arsenal: What Stan Kroenke’s buyout and new manager Unai Emery mean for the Gunners’ Premier League hopes | City A.M. August 7, 2018 Patience is a difficult virtue to preach to a set of fans who waited years for a change of direction at their club. But now that change has come at Arsenal – and to the extent that scarcely any corner of the club remains untouched by the overhaul of the last few months – patience [...]