Bitcoin will become sixth largest global reserve currency by 2030 November 3, 2015 Bitcoin is going to be the world’s sixth largest global reserve currency, a new study has found, as blockchain becomes increasingly important to mainstream lenders. Interviewing 30 leading bitcoin companies, mergers and acquisitions adviser Magister Advisors found that over the next 15 years bitcoin is set to soar in popularity as a reserve currency, a [...]
Cancer survival in London: A quarter die within two months following A&E diagnosis November 3, 2015 Londoners diagnosed with cancer at accident and emergency departments have a very low chance of survival, new figures from Cancer Research UK show. A quarter of people identified as having the disease at this late stage in hospitals across the capital die within two months, while the average survival is less than six months, the study found. Just [...]
Lloyds, HSBC, First Direct warn Apple Pay users: Storing other people’s fingerprints is like “giving out your pin” November 3, 2015 Store your spouse’s fingerprint on your phone? You could be in for a nasty surprise. UK banks are warning customers against the practice, announcing that if you wish to use Apple Pay, you must delete other people’s prints. Lloyds’ customers are warned in the bank’s terms and conditions: If Touch ID is available on your [...]
Britain needs to up its R&D spend or we will get left behind in innovation race November 3, 2015 The success of small and medium-sized businesses is vital to the UK’s economic success, and our ability to compete on the international stage. They make up 99 per cent of companies in the UK, yet they face a highly challenging environment in which to succeed. Even with the best will in the world, estimates show [...]
If a man takes on his fair share of housework, he’ll be a more amorous lover November 3, 2015 A man who is not afraid to do his fair share of the housework is likely to be a more amorous lover, according to new research from the University of Alberta. It found that on average, a more equal division of chores between a couple led to much more “satisfying sex” for both people. "Rather [...]
Reaction Engines: Tiny Oxfordshire space company gets massive injection of cash from BAE Systems November 2, 2015 Is this the UK's coolest startup? Reaction Engines, a tiny Oxfordshire business which aims to create the world's first combined rocket and jet engine aircraft, has raised £20.6m from defence giant BAE Systems, it announced today. The company is developing an engine which would allow an aircraft to take off horizontally like a plane, then use a [...]
Northern Ireland has the UK’s worst mobile phone network coverage – but smartphone users in the South East are also suffering November 2, 2015 The South East may be one of the UK's most built-up areas – but it's also one of the worst when it comes to mobile network coverage, a new study has found. The research, by Cable.co.uk. found 29.3 per cent of people in the region experience a "notspot" – an area with no network coverage [...]
City A.M. Awards 2015: Celebrating the best of the business world November 2, 2015 It has been a memorable year for the City, with milestones seemingly being met every week. In the last few months alone we’ve reported on some impressive trends and grounds for celebration. Financial services are powering a jobs boom, with employment in the City at an all time high. London’s tech sector has attracted record amounts [...]
Ken Clarke: The House of Lords needs to be reined in November 1, 2015 After the House of Lords twice voted to delay the implementation of the government's controversial tax credit cuts, former chancellor Ken Clarke has said the upper house needs to be reined in with new laws. Last week the Lords backed amendments from both Labour peer Baroness Hollis and crossbench peer Baroness Meacher, which frustrated the government's plans. [...]
Galloper’s £1.5bn wind farm off Suffolk coast gets green light October 30, 2015 German utilities giant RWE has been given the go-ahead to build a £1.5bn wind farm off the coast of Suffolk, creating nearly 800 jobs, after it found three partners to back the project. The Galloper wind farm’s future was jeopardised when electricity and gas supplier SSE shelved plans to invest in it, citing concerns over the viability of the UK's offshore [...]