EU leaders did not discuss extending Brexit transition period, reveals Donald Tusk October 18, 2018 EU leaders did not discuss extending the UK’s post-Brexit transition period last night despite Theresa May floating the offer as a way to jumpstart negotiations. The PM made the proposal to her EU counterparts on Wednesday, but European Council president Donald Tusk revealed it was not talked about after she had left the room. German [...]
Russia to deploy hypersonic missiles which can evade defence systems ‘within months’ October 18, 2018 Vladimir Putin has said Russia will deploy new state-of-the-art missiles “within months”, putting the country ahead of its rivals in the West. The new hypersonic missiles could evade western defence systems. Read more: Kremlin says Dutch expulsion of Russian agents was a "misunderstanding" “We have overcome all our partners and competitors, so to speak, in [...]
Brexit uncertainty puts small businesses at risk, warns FSB October 18, 2018 Tens of thousands of small businesses would be put at risk from a no-deal Brexit, the Federation of Small Businesses claimed today. The business campaigner added that the lack of progress in negotiations between the UK and EU is increasing uncertainty among firms, forcing them to consider putting business decisions on hold and even cutting [...]
Whitehall’s move to Canary Wharf should inspire us towards a smaller, smarter state October 18, 2018 Moore's Law is an observable rule that has held broadly true since the mid-1960s. Named after the co-founder of Intel, it argues that every two years the number of transistors on a microchip will double at the same time that costs halve. In the real world, this has meant phones, cameras, and computers that are now [...]
Buses to run for 24 hours a day under new £150m plans for Oxford Street October 18, 2018 Buses will run for 24 hours a day under new plans to develop Oxford Street which London mayor Sadiq Khan wanted to pedestrianise before the plans were abandoned in the summer. Westminster city council will spend £150m on increasing walking space in Oxford Street but two lanes of traffic will continue along the length of the street [...]
Brexit: Theresa May is losing the confidence of colleagues as negotiations stall, says ex-minister October 18, 2018 Prime Minister Theresa May is losing Cabinet members’ trust in her ability to reach a Brexit agreement, a former minister claimed today, accusing both the UK and EU of secretly hoping for a no-deal scenario. May and her EU counterparts are running down the clock towards a no-deal Brexit, said Tory MP Nick Boles, who [...]
Facebook shareholders call on Zuckerberg to step down as chairman October 17, 2018 Facebook chief executive Mark Zuckerberg is facing pressure to resign his post as chairman following a series of scandals. Several US public funds who own shares in the company have called for Zuckerberg to step down from the role after the social media giant “mishandled” a series of controversies. Facebook was at the centre of [...]
There’s nothing to fear from the latest easing back of Dodd-Frank’s reach October 17, 2018 Shortly after his inauguration as President, Donald Trump pledged to do “a big number” on Dodd-Frank regulations, labelling the post-crisis measures “a disaster” and promising to “kill” parts of the legislation. While the rhetoric was typically Trumpian, the reality has proven to be somewhat more modest. Nonetheless, a change in the White House's direction of [...]
Theresa May to hold conference call with 150 business leaders October 17, 2018 Theresa May will hold a conference call with 150 CEOs on Friday to brief them on the state of the Brexit talks. The call is part of a charm offensive of the business community following a fractious period – summed up by former foreign secretary Boris Johnson claiming “f*** business” when it came to the [...]
Stocking up: Elon Musk to buy $20m in Tesla shares as manufacturing boss resigns October 17, 2018 Tesla chief executive Elon Musk will buy $20m (£15.2m) of Tesla stock in the next open trading session, a filing revealed today, after a judge approved the firm's settlement deal with the US securities watchdog. The filing said the share purchase will be "separate and apart from the settlement", which saw both Tesla and Elon Musk be fined [...]