Trumpism will clash with economic reality November 10, 2016 Yesterday marked the 27th anniversary of the fall of the Berlin Wall. It also heralded the ascendancy to the world’s most powerful office of a man whose most famous campaign pledge is to construct a massive wall along the length of America’s southern border. “We’re going to build it,” declared Trump, “and Mexico’s going to [...]
Savile Row, Harley Street, Mayfair, St James’ and Portland Place safeguarded by new Westminster council policy November 10, 2016 Five renowned areas of the capital have been safeguarded by a new policy introduced by Westminster council. The policy will allow it to reject planning proposals that threaten the character of the city's well-known areas. The Special Policy Areas come into force today to protect Savile Row, Mayfair, Harley Street, St James's and Portland Place. The policy regulations won't dictate [...]
City Moves for 10 November 2016 | Who’s switching jobs November 10, 2016 Touch Surgery Eric Collins has been appointed by Touch Surgery as chief operations officer. Eric is a technology executive who has spent a career building the value of software companies through innovative product, distribution, monetisation and partnering strategies. Previously he has held roles at AOL, Time Warner and SwiftKey/Microsoft. He was also appointed by former [...]
Getting immigration wrong post-Brexit could lose London £7bn by 2020 November 10, 2016 Failing to secure suitable immigration rules for London post-Brexit could cost the capital billions, a report out today has warned. The study, produced by the Centre for Economics and Business Research (Cebr) on behalf of the London Chamber of Commerce and Industry (LCCI), discovered that, of the 771,000 non-UK EU nationals currently employed in London, 160,000 would not be [...]
Flash crash trader pleads guilty in Chicago court to two of the 22 charges he faces November 9, 2016 The Hound of Hounslow, the trader allegedly at the centre of the 2010 flash crash, has pleaded guilty in a Chicago court to wire fraud and spoofing. Navinder Sarao hit the headlines after he was accused of crashing American stock markets by placing enormous orders via a trading platform based in his Hounslow bedroom. Read more: Trader [...]
The speaking clock will have a Scottish twang for the first time ever November 9, 2016 Wednesday 9 November is a date that will go down in history. Telecoms history, that is. For the first time in its 80 years of existence, the BT speaking clock is to have a non-English voice, after Dundee's Alan Steadman was chosen to lend his celtic tones to notify callers of the exact time. A nationwide competition was launched earlier this year [...]
Anti-free trader Donald Trump is on a collision course with economic reality November 9, 2016 US presidential elections have always been imbued with protectionist rhetoric, most notably in the Democratic party primaries. What’s different in 2016 is the scale of it and the fact that it comes from the other side of the political aisle. The election of Donald Trump pitches political rhetoric against economic history. Those who know their [...]
Bank of America shaves outlook for US GDP next year November 9, 2016 One of the US' major banks has today revised down its economic outlook for 2017 following Donald Trump's surprise triumph in the US presidential elections. In a note from Bank of America Merrill Lynch Global Research, the bank stated that, thanks partly to the large levels of uncertainty surrounding the new president-elect's policies, it was knocking 0.5 of [...]