Markets hit as Greece letter shows just how close it came to defaulting on a €750m IMF payment May 18, 2015 The FTSE 100 started the day on a positive note, edging back above the 7,000 mark – but that was quickly curtailed, after the publication of a letter from Greek prime minister Alexis Tsipras to International Monetary Fund (IMF) chief Christine Lagarde showed just how close it came to defaulting on a €750m (£544m) payment [...]
Michael Fassbender as Steve Jobs: First trailer for Danny Boyle biopic unveiled May 18, 2015 The first trailer for British director Danny Boyle's biopic of Steve Jobs has landed, with Michael Fassbender appearing in Jobs' trademark black turtleneck. Read more: Steve Jobs was an amazing businessman – but Einstein’s the genius behind the iPod Steve Jobs, the second feature film on the Apple founder's life, is written by Aaron Sorkin, the Academy-award [...]
Google is racing (at 25mph) ahead in the self-driving car wars May 18, 2015 Fed up waiting for Tesla's self-driving car to emerge? Us too. Luckily Google has the answer. The Silicon Valley giant is releasing its prototype fleet of self-driving cars this summer ahead of a “small pilot” in the coming years. According to Chris Urmson, director of Google's self-driving car project, “a few” of the vehicles [...]
Rail strike hangs in the balance as union and network bosses meet at Acas May 18, 2015 Union leaders and Network Rail bosses will meet for showdown talks today in a bid to avert major disruption for travellers across the country this bank holiday weekend. The Rail, Maritime and Transport union is planning a 24-hour walk out from 5pm on Monday May 25 and a 48-hour ban on overtime as many bank [...]
The glamorous world of Ivan Massow: Everything you need to know about London’s latest Mayoral candidate May 18, 2015 London's Mayoral election just got interesting, after entrepreneur Ivan Massow announced his intention to run as Conservative candidate in the vote, due to take place next year. There's no doubt London likes its leader to have bags of character (see: "Boris Johnson cheerfully dangling off a zipwire") – and Massow has character a-plenty. Here's everything [...]
Yawn: Another concept cafe launches in Shoreditch – but this time it serves breakfast in bed May 18, 2015 Another day, another Shoreditch-based concept pop up cafe. It's enough to make you yawn and yearn for your bed. And as luck would have it, this cafe the brainchild of Swedish furniture leviathan Ikea, and the eating takes place in bed. The retailer argues it is leading a “breakfast in bed revolution” with [...]
Parliament returns: Six MPs business needs to know about May 18, 2015 Parliament meets today for the first time since the Conservatives swept to a shock victory in the General Election. Over the next few days the key focus will be chancellor George Osborne's pledge to deliver a new budget "for working people" before the summer recess. But who has the fate of British business in their [...]
London property prices: The five most expensive high rise homes on earth May 18, 2015 Londoners may complain about the capital's glut of so-called "luxury" apartments – but the capital isn't the only place where luxury living has become a serious business. Last week, Tel Aviv's Meier on Rothschild tower, completed this year, said it had made £165m of sales, including a penthouse which sold for £10m, setting a new [...]
Did Ivan Massow just become London’s most honest candidate for the 2016 Mayoral election? May 18, 2015 The race to replace Boris Johnson as Mayor just got interesting, after entrepreneur Ivan Massow launched his campaign – in disarmingly honest style. Read more: Who's the next Boris? The runners and riders for the London Mayor election In a video published on YouTube, Massow – known for his outspoken manner – introduced himself, "warts [...]
Post-election high: City broker pushes ahead May 17, 2015 THE BOSS of City broker Finncap is predicting an upswing in M&A activity and stock market listings later this year after the uncertainty of the UK’s domestic political future was laid to rest for another five years. Sam Smith, who founded the brokerage in 2007, said corporate activity would start to flourish again after a [...]