The Bank of England’s chief economist Andy Haldane says next interest rates may be cut rather than raised September 18, 2015 The Bank of England's (BoE) most dovish rate-setter, chief economist Andy Haldane, today said that the central bank's next interest rate move could be a cut rather than a widely-expected hike. Speaking at the Portadown Chambers of Commerce in Northern Ireland Haldane said the balance of risks to UK growth and inflation are skewed "squarely and [...]
Police hunt for man after taxi drivers’ Uber protest outside City Hall turns violent with security guard assault September 18, 2015 Police have issued footage captured of a man they are hoping to identify after Wednesday's taxi drivers' protest at City Hall descended into violence. The man is wanted in connection with an assault on a security guard, who was knocked out in the middle of the morning after 20 protesters forced their way into City [...]
Man dies after being hit by train at Walthamstow Central September 18, 2015 A man has died after being hit by a train at Walthamstow Central during rush hour this morning. British Transport Police, Metropolitan Police and the London Ambulance Service attended the incident, but the man was pronounced dead at the scene. He has not yet been named. A British Transport Police spokesman told City A.M: “We [...]
The latest challenger is digital bank Tandem September 18, 2015 Digital bank Tandem is expected to join the ranks of challenger banks that are taking on bigger high street lenders next week. Tandem is set to be unveiled by tech investor and co-founder of digital money transfer service Azimo, Ricky Knox, the FT first reported. The challenger will have mobile and digital channels, as well as a [...]
Chancellor George Osborne in bid to strengthen ties with China September 18, 2015 Chancellor George Osborne is due to announce plans for a "new era" of ties between the UK and China, as he embarks on a week-long visit to the world's second largest economy. Osborne will meet with senior ministers from the Chinese government, as well as senior Chinese business leaders, in a bid to open up billions [...]
Businesses run the City as Barclays wins the 2015 Bloomberg Square Mile Relay, with appearances from Will Greenwood, Lizzy Yarnold and Michael Bloomberg September 18, 2015 The area around Guildhall was overrun with the City's fastest runners, who switched their suits for running gear to take part in the 2015 Bloomberg Square Mile Relay yesterday. On the eve of the Rugby World Cup, Will Greenwood, part of the England 2003 World Cup winning side, was on hand to start the race [...]
Oman seeks to revive its seafaring spirit September 18, 2015 Contrary to popular belief, the ancient Silk Road was never one single highway. Rather, it was a vast web of interconnected trade routes traversing land and sea. Taking pride of place as the maritime hub at the centre of this vibrant network were the picturesque coastlines of the Sultanate of Oman. Oman now is seeking [...]
British scientists are trying to genetically alter human embryos for the first time September 18, 2015 The UK's science community has steered well clear of the controversial practice of genetically modifying human embryos. But now, scientists at London's Francis Crick Institute are trying to get permission to do just that, marking what could be a huge turning point in British science. Using a novel gene-correction technique called Crispr/Cas9, they want [...]
Asian markets lifted by US Federal Reserve decision to hold rates September 18, 2015 Asian markets were higher this morning after the Federal Reserve held fire on interest rates last night amid fresh concerns over the global economy. Japan's Nikkei slipped 1.4 per cent, but elsewhere most shares were up. Hong Kong's Hang Seng Index rose 0.3 per cent, while China's Shanghai Composite Index shrugged off earlier losses to trade [...]
Crystal Knows will let you read colleagues’ minds September 18, 2015 This app takes LinkedIn stalking to a whole new level. Crystal Knows builds a profile for anyone who has a LinkedIn account, and claims to give a low-down on how to speak, email and work with a colleague, business partner or potential client depending on how they approach social media. The eerily accurate tool scrapes the [...]