Sadiq Khan has demanded a raft of New York-style tax powers following his trip to North America September 20, 2016 Returning from a five day trip to the US, London mayor Sadiq Khan has demanded the devolution of fresh tax powers to City Hall. Khan has visited Chicago, Montreal and New York over the last few days, meeting with the mayors of all three cities to discuss extremism, housing and social integration. And he has [...]
Ofcom updates market on investigation into Sky’s landline and broadband services September 20, 2016 Telecoms regulator Ofcom said today that it is pursuing its investigation into accusations that Sky has failed to fully comply with regulations around its broadband and landline service provision. The watchdog said it has "reasonable grounds" to believe that Sky has contravened rules relating to landline and broadband services between 1 May 2015 and 31 July 2015, [...]
Faroe Petroleum falls to a loss but hikes production targets September 20, 2016 Shares in independent oil and gas explorer Faroe Petroleum rose as much as 1.53 per cent to 66p after the North Sea player hiked its production forecasts. The figures Revenue fell 54.8 per cent year-on-year to £23.1m in the six months ended 30 June, down from £51.1m a year earlier. Lower revenue and higher exploration costs helped [...]
Corrie star makes Labour’s final list for candidates to replace murdered MP Jo Cox September 20, 2016 Murdered MP Jo Cox could be replaced by a former soap star, after ex Coronation Street actress Tracy Brabin was included in a final list of candidates for the seat of Batley and Spen. Brabin featured on the soap for for eight years as Tricia Armstrong, as well as taking on roles in Eastenders and Holby City, and she will [...]
English winemaker and crowdfunding veteran Chapel Down fizzes on US launch September 20, 2016 Leading English winemaker Chapel Down has uncorked a new partnership to send its sparkling wine to the US for the first time. The Kent-based producer has struck an agreement with luxury wine and spirit company ABCK Corp to distribute its wines to US bars, restaurants and retailers. Shipments totalling 10,000 bottles are planned between now [...]
Before the bell: What you need to know before the US market open September 20, 2016 Theresa May has been buttering up Wall Street following the Brext vote and drug giant GlaxoSmithKline has a new chief executive. Here's what you need to know before the US open at 2:30pm London time. The US futures markets are pointing higher ahead of the open. The S&P is up by 0.38 per cent, the Nasdaq [...]
EU competition chief defends Apple tax ruling on visit to Washington September 20, 2016 Margrethe Vestager, the EU chief who presided over the decision to slap Apple with a €13bn tax bill has met with counterparts in Washington in an attempt to smooth over relations on the issue of tax. Vestager said she had a "good, frank discussion" with US Treasury Secretary Jacob Lew about state aid and taxation but fired [...]
Twitter’s new character limit: Here’s everything we know about the new rules September 20, 2016 Purists will be horrified – but for the rest of us, life is about to get a little bit easier. Yes: Twitter has relaxed its 140 character limit. Well, slightly. Naturally, the company announced the changes via tweet (and jazzy video) overnight: https://twitter.com/twitter/status/777915304261193728 Here's what you need to know. What is included in the new rules? [...]
Barack Obama just welcomed driverless cars September 20, 2016 The US President Barack Obama is on board with driverless cars, welcoming the technology's potential for increasing safety and reducing pollution on roads across the US as the country announces new rules for the vehicles. "In the seven-and-a-half years of my presidency, self-driving cars have gone from sci-fi fantasy to an emerging reality with the [...]
Two banks are betting on the US raising interest rates tomorrow September 20, 2016 The world's most important central bank meets tomorrow to decide whether to raise interest rates for only the second time since the financial crisis. This week is realistically the US Federal Reserve's last chance to change rates before the US election. While the rate-setting Federal Open Market Committee (FOMC) will meet just one week before the 8 [...]