World’s largest hedge fund warns on Trump February 1, 2017 The founder of Bridgewater Associates, Ray Dalio has told investors he is increasingly concerned that Trump’s “populist” programme will be harmful to the world economy in the long-term. Dalio had been optimistic about the so-called “Trump Bump” back in November last year. Bridgewater’s co-chief investment officer Bob Prince joined Dalio in making the warning in [...]
Liam Fox admits the UK is unlikely to hit its trillion pound export target February 1, 2017 International trade secretary Liam Fox has said it is "unlikely" the UK will achieve a long-stated goal of reaching one trillion pounds in exports of goods and services by 2020. Former chancellor George Osborne established the goal in the 2012 "march of the makers" Budget as part of plan to bolster the British economy and boost manufacturing. But [...]
Water bills across England and Wales are set to rise in the next year February 1, 2017 The tide is rising on average household water and sewerage bills in the 2017-2018 year. Homes in England and Wales will see their bills rising £6, or two per cent, to an average price of £395. The increase falls in line with a five-year plan agreed upon by the UK's water and sewerage companies, UK Water said today. [...]
Owners of telephone mast giant Arqiva said to keep options open amid sale reports February 1, 2017 Telephone mast giant Arqiva could still be set for a stock market flotation, according to sources with knowledge of its situation. It emerged last night that Arqiva’s owners, including Australian investment bank Macquarie and the Canadian Pension Plan Investment Board, could be seeking to sell the company. Read more: Cheeky IPO? Nando's is considering a float [...]
Becoming a landlord? These are the most popular neighbourhoods for first time renters in London February 1, 2017 Coming to London can be daunting, and perhaps the most daunting part about it is thinking about saving up to buy a house. Young people in the capital are lucky if they get onto the property ladder at the age of 30, and until that day comes, they are forced to rent. Choosing a good place [...]
Apple’s shares have gone bananas on recovering iPhone sales February 1, 2017 Shares in Apple jumped almost six per cent as the market opened in New York this morning, after stellar earnings revealed record iPhone sales. Shares were up 5.7 per cent at $128.23 after figures published last night showed it sold 78.3m iPhones. The figure smashed analysts' expectations of 76m. The Christmas period was seen as crucial for [...]
Volkswagen agrees to pay at least $1.2bn to US vehicle owners of big diesels February 1, 2017 Volkswagen has agreed to pay at least $1.2bn (£950m) in buybacks and compensation to owners of larger diesel engines affected by the firm's emissions scandal in the US. According to court documents filed late on Tuesday, VW has agreed to pay the total to fix or buy back nearly 80,000 polluting 3.0 litre diesel-engine vehicles, to [...]
Revealed: Boston Dynamics’ latest dancing jumping robot (on wheels) February 1, 2017 A new robot from Boston Dynamics, the Google/Alphabet-owned robot company, has accidently been revealed, and the agile creation can jump around… on wheels. Handle, as the new robot is known, was shown in a video on stage by Boston Dynamics founder Marc Raibert, with VC Steve Jurvetson catching it on camera (and first spotted by Gizmodo). [...]
Japan PM hits back at Trump currency manipulation claims February 1, 2017 The Japanese Prime Minister, Shinzo Abe has refuted suggestions that his government is deliberately manipulating the yen, which has fallen by 15 per cent against the US dollar since Trump’s election in November. Abe and his officials said Japan was fully committed to its obligations as a member of the G7 and G20 not to [...]
US private sector smashes expectations as most jobs added since June February 1, 2017 The US private sector jobs market smashed economists’ consensus expectations in January in a further sign the labour market in the world’s largest economy is heating up. Employment in the US private sector rose by 246,000 jobs in the last month, according to payrolls company ADP, the fastest rate since June 2016. This far outstripped [...]