Yanis Varoufakis to Matteo Renzi: Europe bullied and blackmailed Alexis Tsipras, but you still haven’t got rid of me September 22, 2015 Greece's former finance minister and one-time golden boy Yanis Varoufakis has hit back at his critics, claiming Europe's leaders 'bullied' Alexis Tsipras into agreeing the final terms of the bailout this summer. In an open letter to Italian Prime Minister Matteo Renzi, the game theorist claims Tsipras was subject to "unbearable bullying, to naked blackmail, [...]
Greek election September 2015 results: Syriza might have won, but turnout falls and Alexis Tsipras’ share of the votes cast has dropped September 22, 2015 Greek Prime Minister Alexis Tsipras has hailed a clear victory and claims he feels “vindicated” after winning Sunday’s general election, designed to garner a fresh mandate. https://twitter.com/tsipras_eu/status/645691361753063424 Polls had the race between Tsipras' Syriza party and the centre-right group New Democracy as much closer than it transpired. He heralded the result as "a mandate to [...]
Yanis Varoufakis says Greek prime minister Alexis Tsipras now has “negligible” negotiation power September 22, 2015 Former Greek finance minister Yanis Varoufakis has doubted the ability of Greek prime minister Alexis Tsipras to deliver on key promises in his second term. The economics professor, whose research focus is game theory, said Tsipras has limited scope to renegotiate the details of the agreement and barter for debt relief. "Voters supported Tsipras because he appeared the [...]
Internet capacity crunch: The internet could be reaching its limits in eight years, researchers warn September 22, 2015 Are we about to break the internet? The internet is heading straight for a “capacity crunch”, as it struggles to keep up with our demands, UK researchers have warned, with an overload expected within eight years. In today’s streaming society, we all expect to be able to watch our favourite TV shows in high-res and [...]
Morrisons hires former supplier Express Dairies and Arla Foods boss Neil Davidson as non-executive director September 22, 2015 Morrisons' chair of the corporate compliance and responsibility committee Penny Hughes is stepping down after six years, to be replaced by former supplier Neil Davidson. Hughes will leave the board at the end of the calendar year "as a natural part of planned board succession", the supermarket said this morning. Davidson will join the board [...]
Eileen Burbidge succeds Joanna Shields as Tech City UK chair September 22, 2015 The queen of UK tech Eileen Burbidge is adding another feather to her cap as the new chair of Tech City UK. Burbidge, a partner at Passion Capital and recently appointed FinTech envoy to the UK government, will chair the group and a newly formed entrepreneurs advisory panel, succeeding former Facebook boss Baroness Shields who [...]
EU migrant crisis: EU interior ministers to meet to discuss binding quotas September 22, 2015 European ministers will meet later today to attempt to come to a decision on how to relocate 120,000 asylum seekers who are already in Europe. The meeting in Brussels later today is an attempt to reach a consensus ahead of a meeting tomorrow of European leaders. Read more: The European Parliament has approved a relocation [...]
Are you a victim of the Confidence Con? Most of us cannot gauge accurately how nervous others really are September 22, 2015 Think about the stereotype of someone who works in the City. Most people come up with a person who is clever, ambitious and confident – perhaps to the point of cockiness. So would you be surprised if I told you that a large proportion of your colleagues may actually be a good deal less [...]
The end of cheap oil: Have prices troughed? September 22, 2015 Having fallen by more than 50 per cent since last summer to under $50 per barrel, Opec has said that it expects oil prices to rise to $80 per barrel by the end of the decade. The oil cartel, which decides on the collective production policy of countries like Saudi Arabia and the Gulf [...]
China’s bright spot: Retail September 22, 2015 AFTER decades of super-charged growth, China is in the midst of a major attempt to re-shape its economy and put it on a more sustainable path. As the rate of expansion slows, a stream of sluggish summer data caused concern among markets and commentators. Too much attention can be paid to monthly macro numbers, especially [...]