Five questions and answers about Libya’s potentially “illegal” oil shipment April 27, 2016 A ship loaded with 650,000 barrels of potentially illegal oil from war-torn Libya is currently sailing across the ocean. It left a port in what was once one of Africa's biggest oil producers late yesterday. The move has sparked international outcry, with various actors denouncing it as illegal and one country refusing to let the tanker enter [...]
Low oil prices pushes Saudi Arabia into economic reform – Prince Salman declares an end to reliance on oil and outlines Vision 2030 plan to diversify the economy April 27, 2016 Saudi Arabia is to kick its “dangerous addiction” to oil as the country's cabinet agreed on plans to diversify the economy away from the black stuff. The country is hooked on fossil fuels but “by 2020 we'll be able to live without oil,” said deputy crown prince Mohammed bin Salman, author behind new economic plan, Saudi [...]
Gem Health partners with Philips Blockchain Lab to investigate using blockchain technology in healthcare April 27, 2016 US blockchain startup Gem has partnered with Philips to launch Gem Health, an initiative for building a "patient-centric approach to healthcare" utilising blockchain technology. Gem Health has teamed up with Philips Blockchain Lab, and said it is aiming to provide the data infrastructure to support a "globally integrated healthcare continuum", connecting companies that work in all levels [...]
Two gifs from this architecture exhibition show how the City’s skyline will be transformed by skyscrapers in 2030 April 27, 2016 An exhibition taking place next month reveals just how much the City's skyline is set to change over the next few years. The Evolving London Skyline exhibition, which runs at New London Architecture (NLA) in May, shows how the Square Mile will look in 2030 if all the skyscrapers currently given planning permission are built. The images, [...]
EU referendum: Expats want the UK to remain a member of the European Union April 27, 2016 People living in the United Kingdom are engaging in an increasingly fierce debate over whether the country should remain in the EU. But Britons living outside the UK are just as passionate about the outcome, with a recent poll suggesting they will overwhelmingly vote for the country to remain as part of the 28-member bloc. [...]
Apple has fallen: Share price drops on slowdown wiping $46bn from market cap as Goldman Sachs removes from “conviction” list April 27, 2016 Shares in Apple fell more than eight per cent as markets opened in New York after the company reporting a fall in both revenue and iPhone sales. Around $46bn (£31.6bn) was wiped from its value as a result of worse than expected results. The fall in revenue to $50bn – around $2bn short of estimates – for the second quarter [...]
Zac Goldsmith did a live webchat with Mumsnet, and was likened to Jilly Cooper’s Rupert Campbell-Black April 27, 2016 London mothers finally got what they really wanted today when Tory mayoral hopeful Zac Goldsmith popped into Mumsnet HQ in Highgate for his biscuit-based webchat. Labour rival Sadiq Khan took on the city's mums earlier this week, while the website entertained MP and army veteran Dan Jarvis on Tuesday after Goldsmith had to postpone his own live Q&A, which [...]
GlaxoSmithKline turnaround takes hold with a better-than-expected rise in first quarter sales and profits, share price jumps April 27, 2016 GlaxoSmithKline has reported sales rose to £6.23bn, up 11 per cent, in the first quarter on last year, generating core earnings per share (EPS) of 19.8 pence. The UK pharmaceuticals group is in the midst of a turnaround and the latest results may go someway to proving outgoing chief executive Andrew Witty's plan could work out. Witty is keen for the [...]
Japan Tobacco International launches first tank e-cigarette across the UK April 27, 2016 Big-four cigarette maker Japan Tobacco International (JTI) has launched its first tank e-cigarette nationwide. JTI's New Logic PRO tank e-cigarettes have been available at Sainsbury's stores since January, but were launched nationwide this month and will be boosted with a TV and outdoor media campaign from 1 May. Tanks are the cartridges that hold the e-cigarette's vaping liquid [...]
EU referendum: German finance industry believes Frankfurt would be “major winner” of Brexit April 27, 2016 The German finance industry believes Frankfurt would emerge as a "major winner" if the UK votes for a so-called Brexit. A survey of 400 businesses in the sector also found support for the London Stock Exchange-Deutsche Boerse merger. But there are concerns about the headquarters of the holding company created by the merger being based in London [...]