Martin McGuinness won’t stand in the Northern Ireland election due to ill health January 19, 2017 Former IRA leader and deputy first minister Martin McGuinness will reportedly not seek re-election at the imminent Northern Ireland vote. McGuiness stood down earlier this month in protest over first minister Arlene Foster's handling of a growing scandal involving incentives provided to businesses to use renewable heat system. The Sinn Fein politician told the BBC that ill-health [...]
Bye-bye Obama, hello Donald Trump: But what happens to @POTUS Twitter account after inauguration? January 19, 2017 As Donald Trump prepares for his inauguration as the 45th President of the United States he will also take over the 13.6m followers of the @POTUS Twitter account. The first ever Presidential Twitter account was set up in May 2015, with a typically amusing message: "Hello, Twitter! It's Barack. Really! Six years in, they're finally giving me [...]
Diplomats rush drilling rights agreement before Donald dunks the “doughnut” deal January 19, 2017 Twenty-four hours to go and the United States, Mexico and Cuba need to decide what to do with the “Doughnut hole” –an area in the Gulf of Mexico where technically they all share the right to drill for oil. Three diplomatic figures familiar with issue told Reuters there was a race to jam an agreement in [...]
British Land’s share price falls as occupancy rates dip January 19, 2017 British Land's share price fell today after it said that its occupancy rates have fallen, with tenants signing up for shorter leases. In its third quarter trading update, the commercial property giant reported a 97 per cent occupancy rate, with an average lease length of eight years. However, this compared to an occupancy rate of 98 [...]
Jeremy Corbyn will ask Labour MPs to support an Article 50 bill January 19, 2017 Labour leader Jeremy Corbyn will ask his MPs to not to oppose the triggering of Article 50 if MPs get a vote on the topic. The Supreme Court will rule next week on whether parliament must provide a green light for Brexit talks to begin, but Corbyn has already indicated that his party's MPs should back [...]
Deep sea oil exploration dips to a new low January 19, 2017 Oil exploration has sunk to a level not seen since the 1940's according to the energy consultant, Rystad. Discoveries offshore fell 90 per cent since 2010 when oil was still in its $70 (£57) range. In minimising costs, the oil and gas industry has played it smart and cut investment in exploration, where it would [...]
Warning signs for legal eagles: One in three law firms in serious financial danger January 19, 2017 One in three law firms is currently in financial hot water, according to figures seen by City A.M. A search by Opus Restructuring of a database from Company Watch identified just over 6,000 UK law firms with enough numbers to crunch. Of those, 2,056, or 34 per cent, were performing so poorly financially that they could be at [...]
Tesla’s fatal autopilot crash investigation has concluded: Here’s what it said January 19, 2017 A US government investigation into Tesla's autopilot system following a fatal crash, has found that the tech company gave drivers enough warning around the system and identified no defects, avoiding a recall of the Model S cars. The report by the US department of Transportation's National Highway Traffic Safety Administration (NHTSA) said: "Although perhaps not as [...]
Abbas Hussain calls time on Glaxo after missing out on the top job January 19, 2017 Abbas Hussain, the brother of former England cricket captain Nasser Hussain, has pulled up stumps at GlaxoSmithKline (GSK) after missing out on the top job at the drug company. Hussain will leave his role as GSK's global head of pharmaceuticals later this year. He had been touted to replace Andrew Witty, who will retire as [...]
Theresa May says she’s had positive talks with banks over Brexit January 19, 2017 Prime Minister Theresa May has claimed positive talks with some of the world's top bankers in Davos, despite news that lenders are preparing to shift jobs from London. UBS, Goldman Sachs and HSBC have all suggested that roles in the capital could be under threat in the aftermath of Brexit. However, speaking to the BBC today, [...]