Equality watchdog launches probe into Labour antisemitism claims May 28, 2019 The Equality and Human Rights Commission has launched a formal probe into claims of antisemitism within Jeremy Corbyn's Labour party. The investigation will seek to establish whether Labour has discriminated against, harassed or victimised anybody because they are Jewish. The commission launched the probe after "receiving a number of complaints about allegations of antisemitism" within [...]
Italy could face €3bn fine over high levels of public debt May 28, 2019 The European Union could slap Italy with a €3bn (£2.7bn) fine for breaking the bloc’s rules on public debt, the country’s deputy prime minister said today. Read more: Italy escapes recession but still lags behind rest of Europe Matteo Salvini said he expected a fine to soon arrive in a letter from the EU over [...]
Airtel Africa planning to raise $1bn in London listing May 28, 2019 Africa’s second-largest mobile operator Airtel Africa today said it is considering a London listing to cut its debt. The telecoms group, which is owned by Bharti Airtel of India, could raise up to $1bn (£790m), Reuters reported, in a float that could value the business at around $5bn. The company said today that it was targeting [...]
Internet ads to make up half of global media spend by 2020 as mobile use surges May 28, 2019 Internet advertising formats are set to account for more than half of all media spend worldwide for the first time next year as mobile continues to drive growth, new data has revealed. Figures published by industry body Warc showed online advertising will account for 48 per cent of all media spend – roughly $298.1bn (£228.2bn) [...]
Travelodge books in 17 more hotels amid expansion drive May 28, 2019 Fresh signs of Travelodge’s bullish expansion plans have emerged this morning after the chain revealed a new £115m investment drive to open a further swathe of hotels this year. The budget hotel group, which earlier this year unveiled a target to build 100 new outlets by 2024, has today upped its ambitions with a plan [...]
Vodafone dividend cut: which UK shares might be next? May 28, 2019 | City Talk By Tom Bailey from interactive investor. Vodafone's cut might be a canary in the coalmine for FTSE 100 shares. Over the past year the market has increasingly cooled on Vodafone (LSE:VOD). The company has a long list of problems, including the high cost of 5G investment, being squeezed by competition on the continent and high [...]
Neuroscience could be key to unlocking your brain’s true potential May 28, 2019 Our brains have been humanity’s best adaption. Despite sharing 90 per cent of our DNA with our primate cousins, it’s the faster evolution of our grey matter which has helped us rise to dominance while others are still chewing grass. Our cerebral cortex (the part responsible for higher cognition) is disproportionately larger than those of [...]
UK mortgage approvals hit two-year high following Brexit extension May 28, 2019 The number of mortgage approvals for house purchases in the UK reached a two-year high in April, a survey showed today, suggesting the country’s housing market may be recovering from a recent slowdown. Read more: Mortgage approvals fall as lending to businesses also drops UK banks approved 42,989 mortgages in April, the highest figure since [...]
Jack Ma’s Alibaba chases ‘$20bn Hong Kong float’ May 28, 2019 Alibaba is seeking to raise up to $20bn (£15.8bn) in a Hong Kong float, it is reported. Read more: DEBATE: Does Jack Ma deserve criticism for backing the ‘996’ working week? The listing would be its second after a 2014 $25bn initial public offering (IPO) on the New York Stock Exchange. The online retail and cloud [...]
Huawei reviews Fedex relationship after packages diverted May 28, 2019 Chinese telecoms giant Huawei is reviewing its relationship with Fedex, the US delivery company, after it claimed the firm diverted two parcels from Asia to the US. Huawei said that Fedex rerouted two deliveries sent from Japan to Huawei addresses in China to the US, and attempted to divert two more from Vietnam without authorisation. [...]