Hotmail and Outlook are down: Xbox players as well as hundreds of email users are unable to access their accounts due to Microsoft outage March 7, 2017 A Microsoft crash has locked thousands of email users have been locked out of their accounts today. Website status monitoring service downdetector.com said there had been 1,276 reports of problems with Outlook today, which was previously known as Hotmail and is offered by Microsoft. A spokesperson for the firm said: "We are aware of reports [...]
Payments company Paysafe share price drops despite nearly doubling profits March 7, 2017 The figures Payments processing company, Paysafe, saw its share price plummet 6 per cent lower this morning despite delivering a strong set of results and nearly doubling profits compared to last year. The company reported in its 2016 financial results today that it has nearly doubled adjusted profits after tax, achieving $213m (£174.6m) for the [...]
These are the 10 best countries in the world in 2017 (and how Brexit and Trump shook up the ranking) March 7, 2017 In a world turned seemingly upside down by the political landscape over the past year, a ranking of the best countries in the world has been similarly shaken up. Germany was knocked from the top spot by Switzerland, in the second annual ranking from US News & World Report, Y&R's BAV Consulting and the Wharton School [...]
Charlotte Hogg has apologised for not disclosing her brother’s position at Barclays March 7, 2017 The Bank of England's (BoE) new deputy governor, Charlotte Hogg, has apologised for failing to disclose that her brother worked for Barclays, a potential conflict of interest, before she joined the central bank. Hogg worked as the BoE's chief operating officer from July 2013. Last week, as she started her new role as deputy governor, the Treasury Select Committee questioned her on why she [...]
Big upward revision for UK growth this year from the OECD March 7, 2017 The UK economy will grow much faster this year than previously expected, according to an influential economics organisation, as it revised up forecasts it slashed after the Brexit vote. The Organisation for Economic Cooperation and Development (OECD) raised its projections for 2017 GDP growth to 1.6 per cent, a change of 0.6 percentage points since [...]
Southern rail says the RMT’s strikes are becoming less effective ahead of next week’s 24-hour walkout March 7, 2017 Southern rail has pledged to run the majority of its services during the Rail, Maritime and Transport (RMT) union's next strike on Monday 13 March. The train operator says industrial action is proving less effective and that during the last strike on 22 February, Southern ran 87 per cent of trains with more than 50 per [...]
Ranked: House price growth in every London borough this year March 7, 2017 House price growth across the UK has nearly halved over the past 11 months, and a lot of that sluggish growth is coming from the capital. Tax changes have hit the property market in many of the capital's central districts, such as Chelsea and Fulham, but there is still growth in the more affordable parts of [...]
London’s black cab industry needs a regulatory overhaul to compete with the likes of Uber, say academics March 7, 2017 It's no secret that Uber's rise and its impact on the capital's transport network hasn't gone down well with many black cab drivers. Now a study by the University of the West of England and the University of Greenwich has suggested the capital's black cab industry needs a complete regulatory overhaul to compete with the ride-hailing app and other [...]
Foreign takeovers in the UK hit record levels last year as Megabrew and BG-Shell deals completed March 7, 2017 Foreign takeovers of British companies reached record levels last year as mega-deals announced during 2015 were tied up. In 2016, the Office for National Statistics (ONS) tracked 227 foreign takeovers, the highest annual number since 2011, worth £187.4bn, the highest total value since records began in 1969. These figures were boosted by AB InBev’s £79bn [...]
Former Tory leader William Hague is calling for an early general election – and Theresa May says no March 7, 2017 Surprise, surprise: Downing Street has shot down attempts by former Conservative leader Lord Hague to persuade Theresa May to call a snap general election. A Downing Street source said May had been "clear and consistent in her position: she doesn't think there should be one". Writing in the Daily Telegraph, William Hague said the move “would strengthen [...]