MPs call on Lloyds to pay up compensation following HBOS fraud trial February 6, 2017 A group of MPs has today called on Lloyds Banking Group to repay victims of a scheme run by two former HBOS bankers. The two men, Lynden Scourfield, 54, and Mark Dobson, 56, were among six people jailed last week for their roles in a plot which drove troubled businesses into the ground for their own profit, all while [...]
Unicredit shares down more than five per cent as Italy’s biggest bank kicks off Italy’s largest ever rights issue February 6, 2017 Unicredit shares are currently trading down more than five per cent after Italy's biggest bank kicked off its bumper €13bn (£11.2bn) rights issue this morning. The rights issue, which is the country's largest ever, forms part of a wider turnaround plan announced by Unicredit's relatively new chief executive Jean Pierre Mustier late last year to bolster the lender's [...]
The world’s longest non-stop commercial flight landed today after covering 14,535km February 6, 2017 Get a bit antsy on long flights? Well spare a thought for those on board flight QR920 from Doha to New Zealand, which travelled 9,032 miles (or 14,535km) on a route which takes 17 hours and 30 minutes – though this flight landed after 16 hours and 23 minutes. Quicker than expected. Qatar Airways has just [...]
ECB governor Mario Draghi rejects policies of Donald Trump as he says quantitative easing could be extended further February 6, 2017 European Central Bank (ECB) governor Mario Draghi has hit out at the policies of US President Donald Trump, rejecting deregulation and protectionism as well as claims Germany is manipulating the euro. Draghi also reiterated the ECB’s commitment to its expansive monetary policy, telling MEPs at the European Parliament the central bank was ready to increase [...]
Ireland: Brexit’s forgotten frontier February 6, 2017 Theresa May crossed the Irish Sea last week for a quick meeting with her Irish counterpart, Enda Kenny, to discuss President Donald Trump. Well, according to the official agenda she was actually there to talk about Brexit. Yet you wouldn’t have guessed it from the subsequent press conference in which every single question from the [...]
Paris appeals to London for win-win Brexit solution, as it prepares for tens of thousands of workers to move February 6, 2017 An army of French lobbyists and politicians swept into London today in an attempt to lure finance executives to Paris. However, the delegation admitted they cannot steal London's financial crown, and instead want to forge a mutually successful relationship between the two cities post-Brexit. "We are not here to steal business from London," insisted Jean-Louis Missika, vice-mayor [...]
It’s lift off for Uber’s flying cars with a major hire from Nasa February 6, 2017 Think flying cars are just a pie in the sky idea? Think again. Uber is working on creating driverless cars and has already hinted at more sci-fi ambitions for airborne vehicles, but now its made a serious new hire to lead such technological development. And where else would you find someone to do such futuristic work? Nasa, [...]
Netherlands flag carrier KLM returns to London City Airport after nearly eight years February 6, 2017 The national flag carrier of the Netherlands has returned to London City Airport after an eight year absence. KLM's inaugural Amsterdam service arrived at 7:20am this morning with the return leg departing at 7:50am. The route will grow from an initial daily service to KLM's hub at Amsterdam Airport Schiphol to four daily flights from 26 March. [...]
The European Union is vulnerable to trade slowdown as a protectionist runs the White House says S&P Global February 6, 2017 The EU is vulnerable to a slowdown in world trade, as the protectionist movement symbolised by US President Donald Trump threatens to start rolling back globalisation, according to an influential ratings agency. Europe is most vulnerable to decreasing trade levels because of its high trade intensity, which means it has more to lose from declining [...]
Airbnb took a big swipe at Trump in its very last minute Super Bowl LI advert #WeAccept February 6, 2017 Airbnb has taken a swipe at Donald Trump's controversial travel ban with an advert at one of the most watched TV events of the year – the Super Bowl. The tech company aired a 30 second spot in prime time promoting diversity and featuring its own employees "We believe no matter who you are, where [...]