London’s Tube is the world’s most dog-friendly subway system February 18, 2020 The London Underground has been rated as the world’s most welcoming subway system for four-legged locals. A report, by apartment rental company Essential Living, revealed that the Tube was the most dog-friendly subway in the world, coming ahead of the Tokyo Metro and the Madrid Metro. They are followed by subways in Paris, Seoul, New [...]
Allianz sets aside an extra €1.9bn to cover costs of Structured Alpha funds scandal May 11, 2022 German asset manager Allianz has set aside another €1.9bn (£1.6bn) to cover the costs of lawsuits arising from the multi-billion-dollar collapse of its Structured Alpha funds. The extra sum brings Allianz’ total reserves to €5.6bn, after the Munich firm set aside €3.7bn to settle the lawsuits in February this year. The move comes as Allianz [...]
Long way to go: Hong Kong Covid-19 spiral appears to have peaked, says Lam March 16, 2022 Hong Kong’s Covid-19 spiral appears to have peaked, but there remains a long way to go for the finance hub as it ushers in extra medics from the mainland. The city of 7.4m people reported 29,272 new infections on Wednesday, and recorded 217deaths, compared with 228 in the previous 24 hours. Hong Kong leader [...]
Co-op chief: Brexit and Covid have caused the ‘worst food shortages I have ever seen’ August 26, 2021 The boss of one of the UK’s biggest retailers has warned that current food shortages are at a “worse level” than he has ever seen. Steve Murrells, chief executive of the Co-operative Group, said the retailer has significantly reduced its range of some products to help serve customers. He told the Times newspaper: “The shortages [...]
Taiwan earthquake: Strongest in 25 years causes buildings to collapse and a small tsunami April 3, 2024 The quake, which Taiwan’s earthquake monitoring agency measured at a magnitude 7.2 on the Richter scale, damaged buildings and caused a small tsunami.
Williamsburg, once a Mecca for hipsters, is now a luxury hub April 2, 2024 Williamsburg is the hipster capital of the world, the Brooklyn neighbourhood where a thousand moustaches were born. Yet the New York City district has largely thrown off its bohemian past to become a hub for gourmet restaurants and chic hotels. Williamsburg’s economy collapsed in the 1970s with the deindustrialisation of New York. The area’s [...]
Cameron: ‘Nothing can ever justify’ Moscow attacks as death toll hits 115 March 23, 2024 At least three children were among those killed in the attack on Friday night at the hall in Krasnogorsk, Moscow.
Allianz sets aside €3.7bn to pay for collapsed fund lawsuits, following talks with US authorities February 17, 2022 German insurer and asset manager Allianz has set aside €3.7bn (£3.1bn) to settle lawsuits arising from the collapse of its Structured Alpha funds, following talks with US authorities. Allianz, the world’s largest insurance company, said it had set aside €3.7bn in “anticipation of settlements with major investors.” The comments come after the US Department of [...]
Issa brothers’ EG Group sees fuel gross profit margins reduce slightly after war in Ukraine May 24, 2022 The Issa brothers’ EG Group has seen its fuel division’s gross profit margins slim slightly after Russia’s invasion of Ukraine. Across the firm’s fuel arm, gross profit hit $481m in the three months to 31 March, a 16 per cent increase compared to the first quarter of 2021. However, its gross profit margins were slightly [...]
5 reasons to go to Bilbao BBK festival in Spain July 15, 2023 Bilbao BBK is one of Spain’s most loved festivals, but Brits don’t often go. Alongside a decent line-up of music and the opportunity to explore a fascinating part of Spain, the Basque Country, Bilbao BBK offers you the chance to party like a Spanish local. Here are five things we loved about visiting the festival, [...]