Varoufakis eyes deal as official says Greece could resort to IOUs May 7, 2015 GREECE’S firebrand finance minister Yanis Varoufakis was yesterday adamant that the country would reach a deal with its creditors, while a European Central Bank (ECB) official warned that Greece could begin using a parallel currency. “I trust an agreement will be in the offing in the next few days, or weeks,” Varoufakis said yesterday, speaking [...]
David Cameron and Nigel Farage’s Wikipedia pages hacked to tell voters to “vote Labour” May 7, 2015 A picture of Miliband appeared, along with the words "Vote Labour" The Wikipedia pages of David Cameron, Nigel Farage and Caroline Lucas were hacked this afternoon, to show a picture of Ed Miliband with the legend "Vote Labour". As UK voters used social media to tell the world how they were voting, hackers broke into [...]
Hackney voting issues: Diane Abbott slams Hackney voter registration chaos “a disgrace” May 7, 2015 Hackney MP Diane Abbott has slammed the local council's handling of polling in the borough as hundreds of voters turning out to cast their ballot in the General Election have been told they are not registered to vote. Abbott, who is defending her seat in Hackney North and Stoke Newington, called the situation a disgrace. [...]
The harsh reality of flash crash trader Navinder Sarao’s waiting game- Editor’s Letter May 6, 2015 Is it just me, or is Navinder Sarao, the flash trader accused by US authorities of making £26m through illegal share deals, being harshly treated? Yesterday the young man, also known rather judgingly by the media as the Hound of Hounslow, was sent back to Wandsworth prison for a third time after failing to put [...]
Tidjane Thiam’s last Prudential results put spotlight on Asia while UK business lags May 6, 2015 Outgoing Prudential boss Tidjane Thiam yesterday said the company was no longer seeking to grow in the US and UK, and would instead focus on expanding in the Asian market. Thiam delivered his last set of results as the head of the insurance group, which detailed the firm’s 22nd consecutive quarter of growth. Sales across [...]
IMF boss Christine Lagarde: The world needs more women with top jobs in finance May 6, 2015 The bad culture in banking is still not fixed, and more women at the top of the industry could help, International Monetary Fund boss Christine Lagarde said yesterday. “Several studies have shown that female leadership is more inclusive,” she told an audience in Washington DC. “You may be familiar with a question I have posed in the [...]
Tesla beats expectations as Elon Musk reveals 38,000 pre-orders for Powerwall home battery May 6, 2015 The figures Tesla increased production and sales of its electric cars in the first three months of 2015 as Elon Musk's company reported first-quarter earnings expectations that beat analysts' expectations. First quarter losses narrowed to $45m, or 36 cents per share, compared to a $50m loss in the same period last year and above analysts' [...]
Mike Ashley’s Sports Direct HQ raided by police investigating former Rangers owners May 6, 2015 Scottish police have raided Mike Ashley's Sports Direct headquarters as part of a two-year investigation into two takeovers of Rangers football club. Mike Ashley owns an 8.6 per stake in Rangers, whose previous owners Craig Whyte and Charles Green are the subject of the investigation that led police to Sports Direct's Derbyshire base. In a statement [...]
“Flash crash” trader Navinder Singh Sarao can’t pay £5m bail because his assets have been frozen May 6, 2015 The British trader accused of causing the U.S. 2010 flash crash cannot pay his £5m bail because U.S. authorities have frozen his assets, a court heard today. Navinder Sarao, who was arrested on 21 April and charged with 22 counts of illegal trading activities, appeared at Westminster Magistrates Court this morning for a scheduled bail [...]
General Election 2015: Campaigners are trying to take Boris Johnson to court May 6, 2015 Activists unhappy that Boris Johnson is trying to become an MP while being the Mayor of London at the same time are trying to take him to court. Johnson is fighting for the Conservative seat in Uxbridge and South Ruislip, but an online petition called #SackBoris, which currently has around 500 signatures, is trying to [...]