China’s Xi issues warning to Trump as he prepares to meet with Putin at G20 November 8, 2018 Chinese President Xi Jinping has warned US President Donald Trump to respect its choices, ahead of the two world leaders meeting at the G20 summit in Argentina later this month. China and the US have been embroiled in a trade war for several months, placing tariffs on hundreds of billions of dollars worth of goods on both [...]
Game Digital narrows losses as it chases high margins with e-sports venture November 8, 2018 Game Digital narrowed its losses but still saw sales fall in its full year results published today. The figures Revenue came in flat ar £782.3m in the year to the end of July, while the video game retailer made a loss before tax of £7.4m, 26 per cent better than 2017's £10m, as the retailer bumped up cash [...]
Tesla hires new chair as Elon Musk steps down as part of SEC deal November 8, 2018 Tesla has appointed Robyn Denholm, finance chief and head of strategy at Australian telecoms firm Telstra and existing Tesla board member, as its new chair after Elon Musk was forced to step down as part of a settlement deal with the US securities watchdog. Denholm will leave her role at Telstra in six months time, to sit at the [...]
DEBATE: In losing the US House of Representatives, has President Trump lost his mandate? November 8, 2018 In losing the US House of Representatives, has President Trump lost his mandate? David Waywell, author and political commentator, says YES. Republican losses in the midterms were not as overwhelming as some might have predicted, but defeats in the House of Representatives do mean that Donald Trump loses the mandate he took rather for granted. [...]
Food can’t save M&S as it posts weak results again November 8, 2018 High street bellwether Marks and Spencer issued another disappointing set of figures yesterday and warned that sales are unlikely to pick up any time soon. Shares closed down 0.5 per cent, having been over three per cent down earlier in the day. M&S warned of tough trading conditions due to fierce competition from online competitors [...]
Shareholders need to hear more than just contrition if they are to believe in the future of M&S November 8, 2018 Another day, another bleak set of results from a struggling high street retailer. This time it was the turn of M&S to take centre stage, reporting falling food and fashion sales and pledging to leave “no stone unturned” in its bid to restructure the business. Blighted by rising costs, more competition, and major changes in [...]
Facebook founder Zuckerberg rejects invitation to appear before UK MPs November 7, 2018 Facebook chief executive Mark Zuckerberg was today revealed to have refused an invite to appear before an “international grand committee” by Digital, Culture and Media and Sport (DCMS) Select Committee chairman Damian Collins The 27 November hearing would have debated the social media giant’s role in perpetuating so-called fake news. Collins had joined forces with his [...]
Theresa May invites ministers to preview draft EU deal November 7, 2018 Theresa May has invited Cabinet ministers into Downing Street to catch a glimpse of the UK’s draft deal with the European Union. The deal being discussed is not the full withdrawal agreement and crucially does not contain the protocol on Northern Ireland, which Downing Street said was still to be finalised as negotiations were ongoing. The [...]
Britain’s economic growth is being stifled by visa red tape November 7, 2018 Political momentum is building to take a fresh look at visa restrictions on international recruitment of skilled people. The most media coverage has rightly been given to the refusal of 1,500 doctors, which the NHS desperately needs. But the government’s strict attitude to migration is causing problems across business professions and public services. The [...]
The hyperloop train is leaving the station – and the UK must be on it November 7, 2018 Britain can reasonably claim to have invented the railway. Stephenson’s Rocket represented the pinnacle of British industrial-era innovation. The ability to move products and people by steam locomotion had a transformative effect on society. British ingenuity saw railways knit communities together across the country, and eventually the globe. And for the next couple of centuries, [...]