Sammy or Hallie? Canary Wharf seal’s existential crisis continues after docklands’ ice rink opens November 5, 2015 Canary Wharf’s resident seal just can’t catch a break. The marine mammal, who has been fed on the finest salmon sashimi from Billingsgate Market for around ten years, has had his fair share of problems from washed-up debris to an ongoing identity crisis. Canary Wharf Group recently opened the financial district’s ice rink to much [...]
How the NSA’s scaring businesses away from the cloud November 5, 2015 Last year Edward Snowden’s revelations on the US’s surveillance programmes shook public trust in the internet across the world. Now, 88 per cent of businesses are fundamentally rethinking the cloud, and their cloud buying behaviour, according to a new survey of ICT decision makers by NTT Communications. The revelations focused on the National Security Agency’s [...]
Sinai plane crash: Prime Minister David Cameron calls Russian President Putin, holds press conference with Egyptian President Abdel Fattah el-Sisi November 5, 2015 Prime Minister David Cameron and Egyptian President Abdel Fattah el-Sisi said in a joint press conference this afternoon that they will work together to address security concerns in Sharm el-Sheikh after Number 10 grounded all British flights arriving in, and departing from, the Egyptian resort. Cameron said the two leaders were "committed to work together". “It’s in our mutual [...]
Cain Hoy partners with China’s largest property company Vanke for £750m Shoreditch project November 5, 2015 China's largest property company has made its first foray into the European market after partnering on the £750m redevelopment of a Shoreditch site where Shakespeare’s Curtain Theatre once stood. Vanke has taken a 21 per cent stake in The Stage, joining a consortium of investors headed by US private equity firm Cain Hoy and joint venture partners MG Partners, Galliard Homes and Investec Property Finance. The [...]
The Bank of England is playing a dangerous game on rate rise, according to the Institute of Directors November 5, 2015 The eight to one vote by the Bank of England's monetary policy committee (MPC) to keep interest rates at the historic low of 0.5 per cent is a dangerous game, according to the Institute of Directors (IoD). The IoD warned the Bank's decision carries "its own risks". In a particularly dovish November Inflation Report, the rate-setters indicated rates [...]
JPMorgan’s Jamie Dimon: You’re wasting your time with bitcoin – but blockchain has potential November 5, 2015 Jamie Dimon, chief executive of JPMorgan doesn’t mince his words when it comes to bitcoin’s potential – or lack thereof. Dismissing the digital currency immediately as a “waste of time”, Dimon said when speaking at the Fortune Global Forum that bitcoin was unlikely to survive in the long term: There will be no real, non-controlled currency [...]
German airline Lufthansa suspends flights to and from Sharm el-Sheikh November 5, 2015 German airline Lufthansa has halted its Eurowings and Edelweiss services to and from Egyptian resort Sharm el-Sheikh "until further notice". The suspension is a precautionary measure, following the crash of a Russian airliner in the Sinai desert at the end of last week. The airline had already decided to stop flying its planes over the Sinai peninsula. [...]
One chart showing why it doesn’t really matter how many members of the monetary policy committee voted for an interest rate rise November 5, 2015 Given it's been held at 0.5 per cent since what feels like the dawn of time, there isn't an awful lot to say about UK interest rates these days – so when monetary policy committee (MPC) meeting time comes around, analysts tend to busy themselves looking at details. Thus, the fact Ian McCafferty was again alone in voting in favour [...]
Million Mask March: Who is joining the Anonymous protest, why are they doing it, where is the protest taking place and will it get violent? November 5, 2015 Hundreds of thousands of protesters are expected to descend on central London today, as part of a worldwide Million Mask March demonstration organised by hactivist group Anonymous. Why are they marching? According to the organisers' website, the group is protesting against "the abuses and malpractice of this government and the governments before it". They are [...]
Bank of England: No UK interest rate rise under present conditions until 2017 November 5, 2015 If global market conditions remain as they are we are unlikely to see an interest rate rise in the UK until spring 2017, according to the latest inflation report from the Bank of England (BoE). The pound fell sharply on the news, and at pixel time was trading at 1.526 against the dollar. The BoE said since the [...]