Opponents to President Donald Trump’s travel ban have a reason to celebrate February 9, 2017 US President Donald Trump has been dealt a fresh blow, as the court-ordered suspension of his controversial executive order to ban passport-holders from seven majority-Muslim countries entering the US has been upheld. Following the ruling, Trump tweeted: “See you in court, the security of our nation is at stake.” A US federal appeals court has just unanimously upheld a [...]
Rupert Murdoch’s News Corp posts second loss in a row amid print advertising headwinds February 9, 2017 Rupert Murdoch’s News Corp, the owner of Dow Jones Newswires, The Wall Street Journal and The Times, has posted its second quarterly loss in a row. Read more: Rupert Murdoch pleads with newspaper to stop using "fake news" quote The figures The company has had difficulty offsetting the decline in advertising income in its newspaper business. [...]
HS2 payments to incoming chief executive’s firm CH2M surge from £1.4m to £32.5m in four years February 9, 2017 High Speed Two payments to its incoming chief executive’s company have surged, as the rail project awarded another contract to CH2M today. New figures have revealed that CH2M – where HS2’s new boss Mark Thurston is head of European operations; he joins HS2 in the spring – has been paid increasing amounts from HS2 over the [...]
HS2 announces flurry of new contracts including another for CH2M – the firm of its chief exec-to-be February 9, 2017 New contracts have been awarded for the second phase of HS2, including one for CH2M – HS2's incoming chief executive's company. The announcement comes after questions were asked over Mark Thurston's appointment last month and possible conflicts of interest. Thurston joins from his post managing European affairs at CH2M in the spring. American engineering giant CH2M is already the engineering delivery [...]
Stress tests could be watered down in Dodd-Frank shake up February 9, 2017 The days of US stress tests for banks in their current guise could be numbered as Donald Trump and his team dismantle the Dodd-Frank rules. The President signed an executive order earlier this month to review the 2010 Dodd-Frank financial regulations. Now, a leaked memo from House Financial Services Committee chairman Jeb Hensarling, which has been seen by [...]
Bank of England governor Mark Carney commits to curbing jargon to win back trust in “dreaded experts” February 9, 2017 Mark Carney has spoken of the need for the Bank of England (BoE) to cut back on technical language to win back public trust, saying “not everyone wants to be steeped in fan charts, modelling and stress testing”. Speaking at a BoE inclusion event tonight, Carney said: “To communicate to both the City and the [...]
Sir Stelios plans to keep up the pressure on EasyJet’s board after protest vote at annual general meeting February 9, 2017 Sir Stelios Haji-Ioannou plans to keep up the pressure on EasyJet’s board after grilling them with a series of questions over a sale and leaseback deal at today’s annual general meeting (AGM). The airline’s founder and now its biggest shareholder, put a raft of questions to directors over a sale and leaseback deal for 10 aircraft at [...]
The Robots exhibition at the Science Museum is a fascinating (and a little creepy) history of human-like automata February 9, 2017 Greeting you when you first enter the Robots exhibition at the Science Museum is an animatronic baby, pinned like some prized insect to a wall of pulsing lights. Commissioned especially for the exhibition and built by a special effects company, the mechanical baby repeats a series of pre-programmed animations, sneezing and wavings its arms and [...]
The UK sharing economy’s set to grow by billions this year despite scrutiny February 9, 2017 The popularity of on-demand services such as Uber, Deliveroo and Airbnb is set to boom, with the value of the UK's sharing economy predicted to grow my more than 60 per cent this year. Despite scrutiny from government, the desire for services at the tap of a smartphone app will continue according to the research from PwC, which has also [...]
Enterprise Inns becomes Ei as managed pub strategy pays off February 9, 2017 Enterprise Inns becomes Ei as managed pub strategy pays off Britain’s biggest pub owner Enterprise Inns expects to deliver full-year financial results in line with expectations after like-for-like income growth of 1.6 per cent in the 18 weeks to February 2017. Announcing a name change to Ei Group, the pub owner said its expansion strategy [...]