UK can be the richest major economy in the world says George Osborne January 14, 2015 George Osborne has revealed a plan to make the UK the most prosperous nation in the UK by the 2030s, as he sought to portray a Tory government with more to offer than another parliament of austerity. Speaking in a lecture at the Royal Economic Society, Osborne said that any future government should “aim to [...]
Copy of Charlie Hebdo sells for £100,000 on eBay January 14, 2015 The print run for Charlie Hebdo’s first issue since the attack on its offices was extended to 5m copies, with huge sums apparently changing hands. There were long queues around kiosks in France as the paper sold out, forcing the paper to extend its print run to 5m copies. In the UK, there was also [...]
Tesla shares down six per cent after Elon Musk admits to underwhelming sales in China January 14, 2015 Shares in Tesla have dropped over six per cent today, tumbling below $200 a share after comments from its high-profile founder, Elon Musk. Musk, seen as a rockstar investor and chief executive, told journalists at the Detroit Auto show that Tesla’s sales in China were underwhelming in the fourth quarter, giving investors a nasty case [...]
London house prices: Can stamp duty save the capital from a demand crisis? January 14, 2015 Demand for houses has been falling in the housing market for six months, or eight if you live in London. It doesn’t feel so long ago we were talking about booms and whispering of bubbles, but that's gone for now. The latest figures from the Royal Institute of Chartered Surveyors reveals that 10 per cent [...]
Young adult Facebook users to decline over next three years January 14, 2015 Market research group eMarketer is predicting that there will be “almost” no new UK users aged 12 to 24 joining the social behemoth in the next three years. In addition, the number of users aged 18 to 24 will fall annually between 2016 and 2018, the group claims. Between 2015 and 2018 the [...]
Creative industries added £80bn to the UK economy in 2013 January 14, 2015 Movie stars, music mavericks, models and actors are all helping the UK economy sparkle, with creative industries contributing an all time high of £76.9bn to the UK economy. The creative economy grew three times faster than the economy as a whole, with gross value surging 9.9 per cent, according to the report released by the [...]
Bitcoin crashes below $200: Here’s what you need to know January 14, 2015 The price of cryptocurrency Bitcoin has fallen through the floor, touching lows of $173. The troubled digital currency has lost 30 per cent of its value in just two days. Bitcoin has suffered something of a fall from grace after reaching highs of $1,000 and winning a host of fans among businesses and entrepreneurs. A [...]
Julian Assange’s nuggets of gold: What you can say about the world in 1,500 days January 14, 2015 It's amazing how many of the world's problems you can solve from inside the Ecuadorian embassy. Julian Assange, Wikileaks founder and one of world's favourite critics of everything, has not let a major world event pass him by without a profound piece of commentary slipping from his lips. Since he arrived at the [...]
Soylent raises $20m in fresh funding from Andreessen Horowitz January 14, 2015 Venture capital powerhouse Andreessen Horowitz has bet on meals in a glass eventually taking off, leading a $20m funding round for Los Angeles based start-up Soylent. Soylent is a powdery food substitute that when mixed with water, said to provide a human being with all of the vitamins, nutrients and minerals needed to survive. [...]
The finance sector is doing digital better than any other industry January 14, 2015 The financial services industry can give itself a pat on the back. Customers are seriously happy with the digital services on offer from banks, building societies, insurance companies and other financial institutions and they also love doing their banking online just as much as they love doing shopping. The surprise findings from a new report [...]