City Hall is making plans for a bespoke London visa system post-Brexit, Sadiq Khan has said September 27, 2016 London Mayor Sadiq Khan has said City Hall is putting together proposals for a separate system of work permits for the capital. A group of business representatives is working on a model that will ensure London “can carry on recruiting and attracting talent”, Khan told Sky News today. He added that he has already held [...]
The UK is the seventh most competitive economy in the world September 27, 2016 The UK has surged to seventh place in a highly-influential ranking of the world’s most competitive economies. The World Economic Forum (WEF) said the UK had overtaken Hong Kong, Japan and Finland to climb three places in this year’s global competitiveness index, more than reversing last year’s embarrassing fall to 10th place. The WEF hailed [...]
SpaceX founder Elon Musk wants to build a “self-sustaining city” on Mars September 27, 2016 SpaceX founder Elon Musk has revealed plans to build a "self-sustaining city" on Mars and make humans a "multi-planetary species" within our lifetimes – and said manned missions to the Red Planet could begin as soon as 2022. Musk unveiled plans for an “interplanetary transport system” to colonise the planet during an address at the [...]
Jeremy Corbyn is to demand an end to “trench warfare” within Labour September 27, 2016 Jeremy Corbyn will tomorrow tell Labour members to end “trench warfare” within the party, warning of the risks of an early general election. Addressing the Labour party conference in Liverpool, Corbyn is expected to demand MPs and party members rally around his leadership and focus on fighting the Conservatives. It comes at the end of [...]
Foreign exchange fraudster slapped with 20 more months in prison for failing to cough up September 27, 2016 A London foreign-exchange fraudster has had his prison sentence extended after failing to pay a court-ordered penalty. Alex Hope – dubbed King Popper for his champagne lifestyle – was jailed in January last year for seven years for duping investors out of £5.6m. His jail term was extended by nearly 20 months today after he failing to pay a court-ordered penalty. Hope [...]
Outgoing Institute of Directors chief sounds the alarm over protectionism September 27, 2016 The outgoing director general of the Institute of Directors (IoD) has today issued a warning to Theresa May and her government not to send the UK down a protectionist path. Calling Brexit "the event of the year" during his opening speech at the IoD's annual convention, Simon Walker cautioned that the country must now not go back [...]
Glass looks half full for Anheuser-Busch InBev’s Megabrew takeover of SABMiller September 27, 2016 The glass is looking half full for Anheuser-Busch InBev’s £79bn takeover of FTSE 100-listed drinks group SABMiller ahead of the final shareholder vote tomorrow. Sources close to the deal, dubbed Megabrew, are confident it will avoid any last minute glitches. Minority investors in SABMiller will vote on the tie-up tomorrow morning at a High Court [...]
Standard Chartered share price drops on US probe into alleged bribery in Indonesia September 27, 2016 Shares in emerging market-focused bank Standard Chartered were dragged lower today after news broke that the bank is the subject of a US Justice Department investigation. US authorities are investigating the London-based bank over allegations that Indonesian power company Maxpower – owned by Standard Chartered – paid bribes to win contracts between 2012 and 2015. Shares in the bank closed down by 2.5 [...]
Shareholders regain confidence as suggestions emerge Deutsche Bank might be too big to fail after all September 27, 2016 Deutsche Bank shares finished flat today after an initial three per cent dip, as murmurs surfaced that the German giant might be too big to fail after all. Shares in the lender plunged 7.5 per cent to €10.55 yesterday, after reports over the weekend suggested German Chancellor Angela Merkel would not be prepared to offer state assistance, even [...]
Tom Watson tells Labour to move on from Miliband’s predators business analogy September 27, 2016 Five years after then Labour leader Ed Miliband labelled some businesses as "predators" Tom Watson has called on the party to change its attitude to big business. Speaking at the Labour party conference centre in Liverpool, Watson, who serves as Jeremy Corbyn's deputy, said Labour had failed to move on from former leader Ed Miliband's infamous comparison of [...]