Overheads, staffing – and it’s the economy, stupid: The 10 reasons UK leaders lose 34 nights of sleep a year January 5, 2016 If you found it hard to nod off last night, you're far from the only one: a new study has shown business decision makers lose 5.27 hours of sleep a week – that's 34 nights a year – over their work. The survey, by Heathrow Express, found 35 per cent of leaders admit to having trouble dropping off [...]
Meet the Faraday Future concept car FFZERO1, a new rival to Tesla’s electric vehicles people are calling the batmobile January 5, 2016 A new concept electric vehicle has been unveiled by secretive US company Faraday Future, which claims it will be as revolutionary as the iPhone The FFZERO1 concept car made its debut at Las Vegas technology show CES, showing off a slick sports car style design with ambitions of giving electric vehicle king Tesla a run for its [...]
London Conservative mayoral candidate Zac Goldsmith says he may vote to stay in the EU despite being a Eurosceptic January 5, 2016 London Conservative mayoral candidate Zac Goldsmith has said that while he is a Eurosceptic, he will vote to stay in the European Union if Prime Minister David Cameron achieves meaningful treaty change. Speaking to BBC Radio 4's Today programme, Goldsmith said while the EU needs to be reformed to become more "radically more democratic", he will review the reforms [...]
Brent and US crude oil prices shrug off yesterday’s turmoil January 5, 2016 Oil prices stabilised today, shrugging off yesterday's volatile trading – but fears over a supply glut kept a lid on prices. Brent crude, the global benchmark, was down 0.35 per cent at $37.09 per barrel in morning trading, while West Texas Intermediate, the US benchmark, shed 0.33 per cent at $36.64. Oil prices yo-yoed yesterday, driven by an escalating diplomatic [...]
Junior doctor strike: Health secretary Jeremy Hunt says breakdown in negotiations with British Medical Association is “somewhat perplexing” January 5, 2016 The breakdown in talks between the government and junior doctors is "very disappointing and somewhat perplexing" after progress appeared to have been made in talks, health secretary Jeremy Hunt has said. Hunt said the government thought "very good progress" was being made after the government was prepared to negotiate, an hour after which the British Medical [...]
The US Environmental Protection Agency is suing Volkswagen for billions of dollars over clean air violations January 5, 2016 The US Environmental Protection Agency (EPA) has filed a lawsuit with a court in Detroit over clean air violations which could cost it billions of dollars. Documents filed with a court in Detroit yesterday allege VW and its subsidiaries "violated" clean air laws by selling vehicles that weren't as described to the EPA. "Nearly 600,000 diesel engine vehicles [...]
HSBC website down again: Bank promises to waive fees after suffering second day of disruption to online services – here’s what to do January 5, 2016 Update: HSBC has promised to waive any charges incurred because of issues with its online services, as outage continued for the second day in a row. Customers complained this morning that the bank's internet services were still down as of 8am this morning and throughout most of the day, with some claiming that they risked fines for unpaid [...]
Malaysia Airlines has banned checked luggage to London, Paris and Amsterdam because of strong winds January 5, 2016 Malaysia Airlines has told passengers they are not able to take on checked in luggage for flights to London, Paris and Amsterdam because of "temporary unseasonably strong head winds". Instead of their usual allowance, those flying economy will be able to take just one piece of luggage weighing seven kilos while business and first class [...]
Next’s share price falls as retailer reports disappointing sales, with warm weather deterring shoppers January 5, 2016 High street giant Next's share price fell this morning after it reported disappointing sales in the run up to Christmas, as the warm weather took its toll alongside growing competition online. The figures Sales over the 60 days to 24 December nudged up 0.4 per cent across the group, with Next Directory growing two per cent, [...]
Simply Business’ Jason Stockwood tells City A.M.: The future of insurance is in technology January 5, 2016 Insurance, Simply Business’ chief executive Jason Stockwood says, has lost its place in society. “When you really start to think about it, it’s such a valuable underpinning of a functioning society and yet customers don’t just see it that way,” he remarks. However, Stockwood is determined that insurance will be restored to its former glory, [...]