The Bakerloo line extension to Old Kent Road, New Cross Gate and Lewisham just came a step closer December 17, 2015 The Tube's about to go (further) south of the river, after Transport for London (TfL) came a step closer to getting the go-ahead for an extension of the Bakerloo line, which will extend to Old Kent Road and Lewisham. In a statement today, TfL said it will begin "detailed technical work" next year, to "build a case" for the [...]
IMF chief Christine Lagarde ordered to face trial over Bernard Tapie affair December 17, 2015 International Monetary Fund (IMF) chief executive Christine Lagarde has been ordered by a French court to face trial for alleged negligence over her handling of a controversial €400m payout to French business tycoon Bernard Tapie during her time as finance minister. The case will be heard by France’s Court of Justice of the Republic, a court spokesperson confirmed, although [...]
What will happen to the gold market in 2016? Effects of the Fed rate hike and pro-gold policies in emerging markets December 17, 2015 For the first time in almost nine years the United States Federal Reserve raised interest rates by 0.25 percentage points. This signalled the end of a fascinating year for the gold market, which saw strong demand from central banks, Asian consumers and a buoyant global bar and coin market, which is more than double its [...]
Eurozone construction rebounds in October December 17, 2015 Construction in the Eurozone bounced back in October, according to new figures published this morning, but the sector is struggling to pick up momentum. The currency-bloc’s construction output climbed 0.5 per cent in October compared with the month before. The monthly gain took year-on-year growth to 1.1 per cent. It also marks a rebound from [...]
Christmas came early: Here are all of the gifts foreign leaders gave Prime Minister David Cameron this year December 17, 2015 Two rugs, alcohol, a glass art platter and bronze coins: these are just some of the presents Prime Minister David Cameron has received from foreign leaders this year. Government papers published today reveal that Cameron received more than a dozen gifts from foreign leaders between April and September of this year. Too bad he can't [...]
Most people think women are controlled by their hormones at work December 17, 2015 In the work place, there are some ingrained gender stereotypes that just won't shift, according to new research by Expert Market, and one of them is the impact hormones have on the work performance of women. In a survey of more than 2,000 people from offices across the UK, 54 per cent of people said [...]
“Most hated” pharma exec Martin Shkreli reportedly arrested in federal investigation of Retrophin December 17, 2015 Martin Shkreli, the man who became infamous for hiking the price of a pharmaceutical drug by more than 5,000 per cent, has been arrested on charges related to securities fraud, according to reports. The charges are related to a former drug company he founded and his time as manager of hedge fund MSMB Capital, Reuters reported, [...]
EU referendum: What Jean-Claude Juncker and other business figures have said ahead of tonight’s EU negotiation summit dinner December 17, 2015 President of the European Commission Jean-Claude Juncker said morning that the EU was looking for a "fair deal" with Britain, just ahead of Prime Minister David Cameron's two-day meeting with leaders, including a summit dinner tonight. & @JunckerEU "We want a fair deal with Britain and it has to be a fair deal for the other 27 too" — Faisal [...]