First images of search and rescue mission for Airbus A320 Germanwings flight 4U9525 plane crash March 24, 2015 A search and rescue mission is underway in southern France after an Airbus A320 crashed in the Alps earlier today. Lufthansa has confirmed that 150 people were onboard the Germanwings flight 4U9525 from Barcelona to Duesseldorf, 144 of which were passengers. Among them were two babies and 16 school children. French Prime Minister Manual [...]
Two lessons the UK can learn from economic powerhouse Singapore March 24, 2015 I admit: the idea of the UK learning lessons from a dictatorship feels uncomfortable. But starting a business in Singapore has convinced me that despite massive differences in the size of our two countries and our political regimes, there is a lot Singapore has to teach when it comes to building a strong economy [...]
Germanwings flight 4U9525 crash: Airbus A320s have strong safety record, data shows March 24, 2015 Airbus A320s – the type of passenger jet that crashed into the French Alps today – have a strong safety record with relatively few accidents. According to a Boeing safety analysis the A320 family has just 0.14 fatal accidents per million takeoffs, AP reports. There are currently 3,606 A320s in operation and a [...]
Andreessen Horowitz just ploughed $20m into a London-based virtual worlds startup Improbable March 24, 2015 Silicon Valley group Andreessen Horowitz has just ploughed $20m (£13.4m) into London-based virtual worlds creator Improbable. Entrepreneur Chris Dixon, who is a partner of Andreessen Horowitz and was behind its investment in tech firm Oculus VR before it was bought out by Facebook for $2bn, will join Improbable's board and advising alongside colleague Marc [...]
House of Fraser to open three Chinese stores from next year March 24, 2015 House of Fraser is to try and crack the Chinese market next year, with the launch of a trio of stores beginning next year. The department store business, which last autumn was bought out by Chinese conglomerate Sanpower, is planning to open three branches in second-tier cities Nanjing, Xuzhou and Chongqing. They might [...]
French Connection, Conde Nast and Champneys named and shamed for failing to pay minimum wage March 24, 2015 French Connection, Conde Nast and Champneys have been named and shamed by the government for failing to pay their workers the minimum wage. In total, 48 companies spanning fashion, publishing, hospitality, health, car, care and retail have been identified today by the Department for Business, Innovation and Skills. They owed workers £162,000 in arrears between [...]
First horse meat scandal sentences handed out March 23, 2015 The first sentences have been handed out as a result of the investigation into the horse meat scandal two years ago. Abattoir boss Peter Boddy was fined £8,000 at Southwark Crown Court after he admitted failing to comply with food traceability regulations. Boddy, who runs a slaughterhouse in West Yorkshire, sold 55 carcasses without [...]
CWM FX website down after provider Leverate pulls platform March 23, 2015 CWM FX has pulled the forex trading function from its website after platform provider Leverate Financial Services terminated its working agreement, City A.M. understands. Earlier this month CWM FX referred to a raid at Heron Tower in which 13 people were arrested, and later released on bail. The company's account @CWMFX tweeted: “CWM FX [...]
London’s latest novelty cafe is all about the grilled cheese March 23, 2015 Does the idea of a cat cafe bring you out in a rash? The concept behind the owl bar have you on the phone to the RSPB? The £3-a-pop cereal bar make you want to weep into your cornflakes? Fear not. The novelty cafe wheel of fortune has turned once more, and this time it's [...]
The UK’s ageing population: Use this interactive map to see the country’s average age getting older March 23, 2015 We all know the UK has a problem with its ageing population. There are currently 10m people aged 65 and over across the country, and official projections are for that to grow by 5.5m in the next 20 years. By 2050, the number of people over 65 is expected to reach 19m – one [...]
