‘Exit on WTO terms is still a very real possibility’: City reacts to Theresa May’s resignation May 24, 2019 Business groups reacted today to the resignation of Theresa May as Prime Minister. The interim director of the Institute of Directors Edwin Morgan said: “To borrow a phrase, nothing has changed, or at least, very little has. A new leader will be faced with the same political challenges and the same economic realities. “No deal [...]
Facebook ‘finalising its own Globalcoin cryptocurrency’, which could launch in March next year May 24, 2019 Facebook is in the final stages of planning the launch of its own cryptocurrency in 2020 which has been dubbed Globalcoin, according to reports. The social media giant, which has thus far steered clear from world of crypto trading, could set up a digital payments system in around a dozen countries as soon as March next [...]
Theresa May’s resignation: Political allies and rivals react May 24, 2019 Prime Minister Theresa May said today she would step down as Prime Minister on 7 June after the failure of her flagship Brexit policy. Her resignation triggers a contest for the leadership of the Conservative Party and the keys to 10 Downing Street. Read more: Theresa May will quit as Tory party leader on 7 June [...]
Theresa May to resign as Conservative party leader on 7 June May 24, 2019 Theresa May has announced that she will step down as the Tory party leader on Friday 7 June in a tearful speech outside of 10 Downing Street. Following a meeting with the 1922 committee this morning, May informed chairman Sir Graham Brady of her intention to resign following three years as Prime Minister. The decision has also been [...]
With rail closures planned this weekend, here’s how we should revamp our chugging transport system May 24, 2019 This week, consumer watchdog Which revealed that rail passengers lost four million hours to train delays last year, with an average of 660 cancellations per day. It’s hardly surprising. Any regular commuter will have experienced a delay, cancellation or disruption recently – perhaps you’re experiencing one right now, in fact. Read more: Nearly 4m hours [...]
Elon Musk’s Space X launches 60 satellites for Starlink internet project May 24, 2019 Elon Musks’s Space X, the private aerospace company, has launched 60 small satellites into orbit today, marking a major step for the billionaire entrepreneur’s space-based internet system Starlink. Read more: Elon Musk says Tesla will launch a fleet of robotaxis in 2020 A Space X Falcon 9 rocket carrying the satellites, which each weigh about 230kg [...]
Theresa May’s legacy? Contortions of logic and tin-eared obstinacy May 24, 2019 It’s the EU exit, stupid. This, to paraphrase Bill Clinton, is what Theresa May’s tenure as Prime Minister has been all about. The tempestuous journey to try to get Britain out of the EU will undoubtedly be her legacy, whether she is remembered in the history books as the architect of a national disaster, or as a [...]
China warns of trade repercussions after Huawei ban May 23, 2019 Top Chinese officials today ramped up the rhetoric against Western governments amid a raging dispute over Huawei, warning attempts to block trade with the tech giant could backfire. A senior Chinese diplomat warned there could be “substantial” repercussions on the country’s investment in the UK if the government decided to ban Huawei from 5G networks. [...]
Global markets sink into the red as technology front opens up in US-China trade war May 23, 2019 Global stock markets fell into the red today as investors’ fears over the US-China trade war intensified. Read more: FTSE 100 falls sharply amid trade war and Brexit turmoil Stocks were spooked by the prospect of the two countries’ technology sectors being dragged deep into the fray, as well as by fighting talk from the [...]
Gavin Williamson: I’m backing Boris Johnson to deliver Brexit and beat Labour May 23, 2019 Former defence secretary Gavin Williamson has backed Boris Johnson to take over as Prime Minister. Williamson, who was sacked by Theresa May last month amid claims he leaked information from a top secret meeting, described the former London Mayor as “the only person who can deliver Brexit and defeat Labour”. May is set to meet [...]