Green Party left red faced after accusing oil firm of buying from ISIS November 17, 2015 The Green Party has been forced into a humiliating climbdown after its foreign affairs spokesperson wrongly claimed that a company backed by City financier Nat Rothschild has been funding terrorists. Tony Clarke, the Green Party's foreign affairs spokesperson and a former Labour MP for Northampton South, had accused Genel Energy, a London-listed oil producer, of buying [...]
Ring-fencing rules are not necessary to put an end to bank bailouts November 17, 2015 Loyal readers will know that this newspaper has never been a fan of bailouts, and certainly not those that were distributed to certain banks in the wake of the credit crunch and subsequent financial crisis. Indeed, the lack of a robust bankruptcy code for large financial organisations was a factor (albeit only one) behind the [...]
Paris attacks and the economic impact of terrorism: As France mourns the cost of terror keeps climbing November 17, 2015 The economic impact of terrorism across the globe reached $52.9bn (£34.8bn) in 2014, rocketing 60 per cent on the previous year and increasing ten-fold since the start of the century, according to the latest Global Terrorism Index. The figure is the highest since at least 2001, when it was calculated at $51.5bn following the 9/11 [...]
Office pets: Good idea or bad for business? More than half of UK workplaces would like to bring pets into the office – Purina November 17, 2015 A recent study by Nestle’s pet-food arm Purina has found out some shocking statistics; 82 per cent of UK workplaces will not allow staff to bring their pets into the office, despite half of them wanting to. Now the pet food firm is campaigning for change with a new scheme called Paw; unlike just bringing [...]
David Cameron speech on Paris attacks: PM delivers robust defence of UK’s counterterrorism strategy at Lord Mayor’s banquet November 16, 2015 Prime Minister David Cameron launched a robust defence of the government’s counterterrorism strategies in a speech in the City last night, vowing that British “resolve” would defeat Islamist terrorism. Speaking at the Lord Mayor’s banquet at Guildhall, an annual white-tie formal dinner, Cameron said, “Britain, France and our allies around the world will never be [...]
Ukip MP Douglas Carswell hits out at CBI and says support for Out campaign is growing November 16, 2015 Former Tory backbencher Douglas Carswell was in a bullish mood when we met last Thursday, insisting that the Out campaign had enjoyed its best week so far. Carswell, now the UK Independence Party’s sole MP, believes that David Cameron’s “vacuous demands” over EU reform provided a boost to the eurosceptic side of the debate. “There’s nothing [...]
Gibraltar International Literary Festival 2015: Celebs rock Gibraltar as bankers back bookish bash November 16, 2015 Watch out Hay on Wye, there’s a new bookish bonanza on the calendar. City slickers may be well acquainted with Gibraltar; its bookies, its brokerages, its yachts and its tax laws. With the small British outpost seeing 50 per cent GDP growth in the last four years, it’s becoming something of an economic powerhouse, but [...]
After last week’s horrific attacks around the globe, leaders must be calm and rational when approaching the problem of IS November 16, 2015 The horrific attacks in Paris were not the only atrocities for which IS claimed responsibility towards the end of last week. In Baghdad 26 people were killed by two separate bombs, while in Beirut over 40 were murdered by suicide bombers – the deadliest incident in Lebanon’s capital for two and a half decades. If [...]
G20 leaders agree to more co-ordinated counter-terrorism efforts after Paris attacks November 16, 2015 Global leaders will double down on coordinating their counter-terrorism efforts today, calling for enhanced coordination and security measures after simultaneous attacks in Paris killed at least 129 people on Friday. Draft statements revealed over the weekend from the G20 leaders meeting in Antalya, Turkey, called for enhanced information exchanges to cut off funding for terrorist [...]
Lord Mayor’s Show London 2015 parade: Something different for the weekend November 13, 2015 We all have our daily routines. Travel into such-and-such station, make a beeline for the office, grab a coffee on the way, preferred sandwich shop at lunch, back to work, another beeline to such-and-such station, then home again. And repeat. Hundreds of thousands of us cross paths in the Square Mile each weekday, turning into [...]
