New York Report: Choice of Yellen as new Fed boss boosts Wall St October 9, 2013 US stocks climbed yesterday to recovering from some of the day’s earlier losses, and the year’s high-performing technology stocks fell, as investors anticipated the nomination of Janet Yellen as US central bank chairman and as a political standoff continued in Washington. The stalemate in Washington and expectations of Yellen’s nomination as Federal Reserve chief made [...]
Designers of the future October 9, 2013 Yesterday it was revealed that Jony Ive designed a Leica camera for a charity auction that’s expected to fetch up to $750,000. Increasingly, designers are the stars of the tech world. We pick six of the whizzes shaping the way we live Jony Ive The son of a silversmith, Jony Ive was born in London [...]
Keep your phone safe from bumps, scratches and smashes with these cases October 9, 2013 SUKI FOR PHONE BY COVERT Covert have dozens of beautiful iPhone cases but the Suki stands out as smart with its luxurious velvety lining and moulded gel inside. covertaccessories.com £19.99 INCASE IPHONE 5 SNAP CASE Incase have something of a monopoly over the iPhone case market. They’re well produced but pricey for what they are. [...]
IMF warns that high sovereign debts threaten global economy October 9, 2013 An influential international organisation, the International Monetary Fund (IMF), has warned that high debt ratios amid "persistently low growth" advanced economies "cast clouds on the global fiscal landscape". In their October 2013 Fiscal Monitor update, the IMF warns that the average public debt ratio in advanced economies will hit a historic peak (of around 110 [...]
Niesr estimates growth down slightly at 0.8 per cent October 9, 2013 (NIESR) Think tank Niesr has released its growth estimate for the three months to September, with a slight drop to 0.8 per cent, after the 0.9 per cent growth seen in the three months to August. The research centre predicts that the production sector, despite the drop in output between August and July, has made [...]
M&S shares remain down with warm weather affecting general merchandise October 9, 2013 M&S shares continued to fall today as the retailer forecasts "a long journey ahead" and one analyst reduces its pre-tax profit forecasts for 2013 from £700m to £665m. The company note from Cantor Fitzgerald reported that a decline in gross margins is anticipated to impact on interim results, with pretax profits, due out in [...]
US mortgage applications go up in latest weekly survey October 9, 2013 Good news for the US housing market as mortgage applications grow 1.3 per cent from last week's 0.4 per cent decrease.
Global wealth highest in history despite downturn October 9, 2013 Despite the financial crisis of 2008 and the difficulties in the Eurozone, global wealth has more than doubled since 2000, reaching over £150 trillion, according to the latest global wealth report from Credit Suisse. Economic growth in developing countries and rising populations have played a significant part in the figures. Aggregate total wealth rocketed past [...]
EC approval for Aegean’s purchase of rival Olympic Air October 9, 2013 The European Commission (EC) has given its approval for Greek Aegean Airlines to buy loss-making rival Olympic Air. (Release) The approval comes after an EC investigation found Olympic would go out of business "very soon" if the deal was blocked, leaving Aegean as a sole provider in the market with no competitor. The EC said [...]
Owen Paterson: “The badgers haved moved the goalposts” October 9, 2013 Environmental secretary Owen Paterson has told BBC Spotlight that the controversial badger cull has been a success, but that "the badgers have moved the goalposts." No, we're not sure either (but hopefully it's not a reference to this infamous viral video). Turns out Paterson was talking about how badgers could be affected by various factors [...]