After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Here’s why cutting net migration to “tens of thousands” would make us much worse off December 23, 2013 Of the economically destructive policies currently championed by the coalition government, a target to reduce the level of net migration to the UK from "hundreds of thousands to tens of thousands" certainly ranks as one of the worst. The case for the free movement of people is not just a moral one, but economic. As [...]
What you need to know before the open – 23/12 December 23, 2013 The FTSE 100 is expected to open higher on the last full day of trading before Christmas. Volumes will however be thinner than usual with many investors enjoying the festive season and limited news releases to trade on. Last Friday saw the best week for European stocks in eight months. They're now expected to get [...]
Miliband goes to war with gamblers over betting machines December 20, 2013 Labour leader Ed Miliband has promised that a Labour government would give local councils the power to crack down on Fixed Odds Betting Terminals (FOBTs). The betting machines allow players to bet on a variety of games and place a stake of up to £500. Ed Miliband told the Daily Mirror that FOBTs were "dangerously [...]
EU rejects Google’s antitrust offer December 20, 2013 Google's second offer to settle the antitrust probe into its search business has not sufficiently salved EU regulators' concerns, and has been rejected by Brussels. Joaquin Almunia, the European Commission's head of competition, has said that the latest proposals from Google to remedy the skewing of results to its own advantage were "not acceptable". The [...]
European Commissioner lashes out after S&P downgrade December 20, 2013 Economic and monetary affairs commissioner, Olli Rehn has slammed Standard & Poor's (S&P) credit downgrade of the European Union branding the decision "inconsistent." He said: The Commission's view is that the EU credit rating should be essentially assessed on its own merits, due to the very strong budget revenues and the treaty obligation from the 28 Member [...]
Pictures: Hachette bags new Victoria Embankment office December 20, 2013 Publisher Hachette has landed the lease for an impressive new office on Victoria Embankment. Designed by Fletcher Priest Architects, 50 Carmelite Riverside comes with a grand 7,600 sq ft roof terrace overlooking the Thames (pictured). Hachette will occupy most of the 135,000 sq ft building, sub-letting out 40,000 sq ft in the new year. View [...]
Forever young – Is this breakthrough the end of the ageing process? December 20, 2013 Scientists from Harvard and the University of NSW seemed to have managed to reverse the ageing process. In studies conducted on mice a chemical was used to rejuvenate muscle and produced the equivalent of transforming a 60-year-old's muscle to that of a 20-year-old. Researchers used the chemical nicotinamide adenine dinucleotide (NAD) which is found in [...]
Khodorkovsky released as Putin’s regime loosens grip ahead of Winter Games December 20, 2013 Mikhail Khodorkovsky, once Russia's richest man, has been released after serving a prison sentence which lasted more than a decade. Official reports say he has already left the remote prison colony near the Arctic Circle, where he was incarcerated. Russian President Vladimir Putin vowed to free Khodorkovsky, a former political rival, but many of Putin's [...]
It’s a Christmas miracle: UK’s annual GDP growth hits 1.9pc December 20, 2013 Some Christmas cheer from our statisticians. The UK's economy grew by 1.9 per cent in the year to the third quarter, smashing analyst estimates of 1.5 per cent growth. Not one of the 31 economists polled by Reuters expected growth that high. Economic activity as measured by GDP is now just two per cent below [...]
FTSE 100 reshuffle day: Here’s who’s in and who’s out December 20, 2013 A couple of changes on the FTSE 100 today, as decisions from last week's quarterly review come into effect today, with the benchmark index welcoming Royal Mail and Ashtead into its ranks. Whilst high-profile Royal Mail made it onto the blue chip list, fellow stock market debutant Merlin – who owns Madame Tussauds – only [...]