Charitable cryptocurrency Cross-Stratum Coin to be launched next year August 10, 2016 A NEW cryptocurrency slated for release next year is set to bridge the world of digital currencies and international charity payments. The Cross-Stratum Coin (CSC), created by UK-based fintech company Cross-Stratum Mutual Community (CSMC) Asia, will utilise trading fees as a method for donation to global charities when it launches in the first quarter of [...]
Ralph Lauren shares get trendy as fashion group sets out “Way Forward Plan” August 10, 2016 Ralph Lauren’s share price shot up on Wednesday despite the luxury fashion group reporting falling turnover and profit. The firm’s performance was affected by restructuring costs associated with its “Way Forward Plan”. The figures The US company’s net revenue for the three months to 2 July came in at $1.55bn (£1.19bn), down from $1.62bn in [...]
Coal industry urges UK government to reconsider carbon capture storage August 10, 2016 THE COAL industry is urging the new government to change its stance on support for the development of carbon capture storage (CSS). The World Coal Association, which represents FTSE-listed miners such as Glencore and Anglo American, has written to business secretary Greg Clarke asking him to better support the requisite technology in the UK. CCS would remove and store CO2 emissions [...]
Perform kicks off live sports streaming service in three European countries August 10, 2016 UK-based media company Perform has launched its live sports video streaming service in Germany, Austria, and Switzerland. DAZN – inexplicably pronounced Da Zone – is described by Perform as the world’s first dedicated live sports streaming service and allows subscribers to watch games on demand. Football is expected to be the services' top draw with the English Premier League, Italy's Serie A, Frances' Ligue [...]
Air India celebrates 70th year of independence with non-stop route to London August 10, 2016 Coinciding with its India's 70th year of independence the country's national airline is set to launch non-stop flights from London to Ahmedabad and Newark. The services will commence on 15 August, reducing the journey time for up to three and a half hours, utilising Boeing 787 Dreamliners. Read more: Private jet membership set to take off in [...]
London mayor Sadiq Khan has called on Theresa May to hold off on Article 50 until next autumn August 10, 2016 London mayor Sadiq Khan has called on Theresa May to delay triggering Article 50 until next Autumn. Khan told Sky News the government should wait until after French and German elections next year. France will chose its next president in May, while Germany is not expected to vote until at least August 2017. "I lost [...]
Quantitative easing bounces back with successful round of BoE bond-buying August 10, 2016 The Bank of England's quantitative easing programme is back on track after its latest offer to buy government debt was massively oversubscribed. The Bank received offers from bond-holders to hand over more than £5.5bn worth of government coupons this afternoon – covering Threadneedle Street's daily £1.17bn budget by a factor of 4.7 to one. Officials will have [...]
Ministry of Sound investment: Sony Music acquires London Grammar label August 10, 2016 Sony Music UK has announced the acquisition of label Ministry of Sound Recordings. Founded in 1993 as an extension to the South London nightclub Ministry of Sound, the label boasts a roster including London Grammar, DJ Fresh, Sigala, Jodie Abacus, Louis Berry, MIAMIGO and Moss Kena. Read more: Imogen Heap believes blockchain technology could save [...]
Scotch whisky distillery tours have boomed in the last five years, but here are three distilleries and breweries you can visit this weekend August 10, 2016 Och aye, the world of Scotch whisky has something new to raise a dram to. The number of visitors to Scotch distilleries boomed between 2010 and 2015, rising by 20 per cent to around 1.6m visitors last year, according to figures from the Scotch Whisky Association. Visitors to distilleries spent a total of £50m last year, [...]
Transport for Lovin: London’s Speed Date Express made its first journey this morning August 10, 2016 Too busy to find love? Never fear: dating site Match.com has unveiled its new "Datemaster" bus service which allows time- (and love-) starved Londoners to speed date during their morning commute. The double decker bus has been designed for guests to enjoy their journey "in a manner rarely associated with the stresses and strains of the typical daily commute" [...]