Labour leader Jeremy Corbyn meets with British Chambers of Commerce (BCC) and Confederation of British Industry (CBI) nearly four months after taking the reins of the Labour party January 7, 2016 Jeremy Corbyn is apparently launching a charm offensive to woo British businesses this week, meeting with executives at both the British Chambers of Commerce (BCC) and the Confederation of British Industry for the first time since being selected as Labour leader last September. A BCC spokesman confirmed to City A.M. that Corbyn met privately with BCC director [...]
EU referendum: BMW executives say they want the UK to stay in the EU as Prime Minister David Cameron continues tour of Germany and Hungary January 7, 2016 Bosses at the German car giant BMW warned against Britain leaving the European Union today, as Prime Minister David Cameron toured the car company's manufacturing plant in Munich. Ian Robertson, director of sales at the company, said BMW would "regret" seeing the UK leave the EU. "The UK has the most diverse car industry in [...]
Twitter, Facebook, Google and US tech giants blast “snooper’s charter” and encryption demands of Draft Investigatory Powers Bill January 7, 2016 Facebook, Google and Twitter are among the US tech giants to blast the so-called snooper's charter, raising several concerns about the new legislation for monitoring communications. The tech companies, which took the unusual step of making a submission to the Draft Investigatory Powers Bill committee together and also includes Yahoo and Microsoft, highlighted concerns over the cross-border [...]
Anglo American share price tanks January 7, 2016 Anglo American was one of the worst performer on the FTSE 100 today, with its shares tumbling to a new record low after a brief but brutal trading session in China pounded global commodity prices. Anglo tumbled as much as 12 per cent at 238.15p per share in late morning trade. The fall takes the embattled miner's losses [...]
Mayor of London Boris Johnson: “I want to be part of a reformed EU” January 7, 2016 Mayor of London Boris Johnson has said he wants the UK to be part of a reformed European Union, but that if "we can't get the reform we need, Britain has a great, great future outside in a different relationship". Speaking to the BBC, Johnson would not say which side he would campaign for in the [...]
Brent crude oil price slides below $33 after PBOC depreciates renminbi January 7, 2016 Brent oil crashed to an almost-12-year-low today, after a Chinese stock market sell-off caused trading to be suspended for the second time this week. Brent crude, the global benchmark, was down five per cent at $32.16 per barrel. West Texas Intermediate (WTI) crude, the US benchmark, slumped 3.53 per cent at $32.77. Earlier today, the People's [...]
CES 2016: The weirdest new gadgets from the CES consumer tech conference January 7, 2016 An activity tracker for your dog £39.99 – pitpatpet.com “What has your dog done today?” is the faintly accusatory tagline for this pooch-centric activity tracker. The PitPat attaches to your dog’s collar and sends live information about your canine friend’s movements to your phone. A built-in accelerometer monitors how often he’s running, walking, playing or [...]
Treasury select committee chairman Andrew Tyrie slams the government over ONS and OBR, saying UK statistics are “scarcely fit for purpose” January 7, 2016 A leading MP has slammed the government over its number-crunching, saying some of the UK's statistics are "scarcely fit for purpose". Andrew Tyrie, who chairs the Treasury select committee, said today that the UK has "fallen behind other countries" when it comes to compiling national statistics. "The ONS has fallen a long way short, lacking intellectual [...]
George Osborne: Tracey McDermott ruled out for FCA chief executive role January 7, 2016 UPDATE: Acting Financial Conduct Authority (FCA) chief executive Tracey McDermott has confirmed that she took her name out of the running to be the regulator's permanent boss in early December. "I have been at the FSA/FCA for 15 years and I remain extremely committed to, and passionate about, the important work we do. It has been, and [...]