UK broadband coverage outstrips other European countries – now BT promises to double speeds across the country September 22, 2015 Hot on the heels of BT’s promise to revolutionise the UK’s broadband, a new study has revealed that Britain’s broadband growth already outstrips other European countries – setting it on course to become world leading within five years. The UK already beats major European countries, with broadband speeds and coverage around three years ahead of [...]
CBI director general John Cridland says the government risks sending a worrying signal to businesses over renewable subsidies September 22, 2015 Certainty and clarity of direction are critical to developing long-term business investment in low-carbon markets, the director general of the Confederation of British Industry. Speaking in London next to former vice president of the US Al Gore, John Cridland said the world needs to keep up momentum on finding a global solution, by building on [...]
London’s commercial property market is a bubble – but it’s not ready to burst September 22, 2015 Commercial property and office rents have reached all-time highs across the West End, midtown and the City and headlines have recently been dominated by a spate of high-profile tech firms making a home for themselves in the capital. With 15 years’ experience in the London property market, I keep a watchful eye on the capital’s [...]
Alexis Tsipras sworn in as Greek prime minister after Syriza’s shock election victory September 22, 2015 Alexis Tsipras was sworn in tonight for a second term as Greek prime minister, having secured a surprisingly strong victory in the country's snap elections yesterday. Tsipras is expected to use his second term to revive Greece's banks and its crippled economy, while demanding debt relief from creditors, an official told Reuters. He was given a [...]
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 [...]