Picks of the day: The three stories to read today September 14, 2016 We’re officially halfway through the working week – to celebrate, we’ve put together the top three stories of the day in bite-sized form, just to make your life that bit easier. Time for a coffee break? Check out our three at three. Uber has finally gone driverless In case you’re totally over the fact that [...]
UK could tie global Bank for International Settlements currency trading code into new senior managers rules September 14, 2016 The UK could be set to add another layer of scrutiny to its senior managers regime, by adding a requirement that bankers stick to the Bank for International Settlements' (BIS) new global code of conduct for the FX market. The first full draft of the code is expected by the market in October, with the final [...]
Sharing economy stalwart Zipcar zooms into Belgium with its first free-floating car share service September 14, 2016 US car-sharing network Zipcar zoomed into its seventh European market today and launched its first free-floating service. The free-floating system allows Zipcar members to pick up and drop off one of the company's hired vehicles at any location within a set geographical area, rather than in a specified spot. Its new service is being launched in [...]
Stranger Things have happened: TV company Liberty Global in new Netflix tie-up September 14, 2016 Cable TV company Liberty Global has announced a new tie-up with online movie giant Netflix. Under the multi-year agreement, Netflix programmes such as Stranger Things, House of Cards and Orange is the New Black will be available to Liberty customers across more than 30 countries. Read more: Liberty Global remains committed to Virgin broadband investment [...]
Amazon’s virtual home assistant Echo comes to the UK September 14, 2016 Amazon has launched its virtual home assistant Echo in the UK and Germany, its first markets for the device outside the US, which lets users control their home and do tasks online via simple voice commands. The device, priced at £149.99 or £99.99 for Prime members, is powered by Amazon's Alexa, an artificial intelligence voice assistant similar to [...]
George Osborne vows to safeguard his flagship Northern Powerhouse policy, after City A.M. reveals think tank plan September 14, 2016 George Osborne has vowed to protect his flagship Northern Powerhouse policy, just a day after City A.M. revealed he would launch a think tank dedicated to the project City A.M. reported the former chancellor's plans on Tuesday, just hours after David Cameron announced plans to leave parliament all together. And speaking to The Sun, Osborne [...]
Romania’s first bitcoin exchange BTCXchange closes a month after being put up for sale September 14, 2016 The first order-book bitcoin exchange to launch in Romania shut down its operations this week, almost a month after it was first put up for sale. BTCXchange closed on Monday after failing to find a buyer, local news group Bihon reported, after being put up for sale on 18 August. However, the cause of the [...]
Before the bell: What you need to know before the US market open September 14, 2016 US seeds company Monsanto has accepted a takeover offer from German chemicals company Bayer, marking the biggest deal of 2016. Meanwhile, stocks are floating on a sea of green. Here's what you need to know before the US market open at 2:30pm London time. US stocks are pointing higher in the pre-market. The S&P is up by 0.2 per [...]
Ford warns on profit for 2017, blaming increased spending on electric vehicles and driverless cars September 14, 2016 Ford Motor said today that its profit in 2017 will decline from its result for this year, because it has ramped up spending. The car manufacturer said it has increased spending on emerging opportunities and other costs – including electric vehicles and driverless cars. Last week, the company lowered its 2016 pre-tax profit forecast to [...]