The four key points from Janet Yellen’s speech at the Economic Club of New York March 29, 2016 Federal Reserve chair Janet Yellen delivered a speech on the economy at the Economic Club of New York today. In case you missed it, here are the key points: Proceeding cautiously with interest rates Yellen believes the ability to deal with economic shocks is asymmetric. Because interest rates are near zero, she believes it's easier to respond [...]
“Polish prince” John Zylinski is throwing himself into the mayoral election, and he wants to ban Nigel Farage from London March 29, 2016 "This must be the most boring election ever", says property boss John Zylinski, who's using his royal blood to add a bit of excitement to the London mayoral elections this year. The so-called "Polish prince", a London-born property developer and the son of Polish aristocrat Captain Andrzej Zylinski, is officially registering to run for mayor on Wednesday, and [...]
Lifetime ISAs confusion: MPs re-open inquiry into pensions auto-enrolment after compatibility concerns raised over Lisa March 29, 2016 A government contribution of £1 for every £4 put aside for their first house or their retirement must have sounded somehow too simple to many young savers but, as some auto-enrolment experts have pointed out, that's because it might just be. The Work and Pensions Committee has today announced that it is re-opening its inquiry into [...]
Janet Yellen says Federal Reserve will “proceed cautiously” on interest rate rises March 29, 2016 Rate-setters at the US Federal Reserve will "proceed cautiously" when they come to decide their policy actions in the coming months. Federal Reserve chair Janet Yellen reiterated the view that the outlook for economic growth and inflation had weakened since the start of the year. She told an audience at the Economic Club of New York: Given the risks to [...]
Revealed: Here’s how much Google’s top boss Sundar Pichai gets paid March 29, 2016 Newly minted Google boss Sundar Pichai can clock the past year up as a rather successful one career-wise. Not only did he become the boss of one of the world's biggest tech companies, he landed almost $300m (£200m) in stock and pay in the past year to go along with that impressive promotion. He was handed $99.8m in equity which will vest in 2017 after [...]
Market close: FTSE holds steady, but Glencore leads the commodities sector down March 29, 2016 The FTSE 100 clocked a so-so first day back in the office after Easter, remaining unchanged at 6,105. However, there was more than just leftover Easter eggs for traders to sink their teeth into. Commodities giants were left bruised after a note from Barclays warned that the sector could be in for a fresh rout. [...]
Seventh individual charged by Serious Fraud Office (SFO) in investigation into Alstom and alleged bribery March 29, 2016 The Serious Fraud Office (SFO) has today charged another person in its ongoing investigation into alleged bribes paid out in connection to Alstom Network UK, bringing the total number of individuals charged to seven. Terence Watson, Alstom country president for the UK and managing director of Alstom Transport UK & Ireland, has been charged with two corruption-related offences [...]
Zac Goldsmith, Sadiq Khan or Caroline Pidgeon: Why the next mayor of London will be the candidate who puts renters first March 29, 2016 “This election is a referendum on housing”, Sadiq Khan has claimed. He's right – no section of London society has been let down as badly as its legion of renters. There are problems across the full scale of renting, not least with the dearth of affordable housing. The capital’s private lettings market is outdated, fragmented [...]
Ahead of London’s supercar season, a fleet of gold motors hits the streets of Knightsbridge March 29, 2016 NULL
Seals with smartphones in Orkney and three more animals embracing technology – from bees to pigeons March 29, 2016 Scottish seals are getting smartphone-style technology to help scientists track their lives at sea. The cute sea mammals around the coast of Orkney will be connected to the so-called Internet of Things via devices attached to their fur. It will be able to send important data about its habits back to scientists at the University of St [...]