Rally over? Bitcoin price drops back below $400 November 6, 2015 That bitcoin rally everyone's been going on about may have been short-lived: having smashed through the $500 mark on Wednesday, it's since fallen back, dropping more than three per cent today to $374. Earlier this week, the currency surged 50 per cent in five days thanks to factors including tightening capital controls in China, a [...]
Dollar rises to seven-month high as non-farm payroll smashes expectations November 6, 2015 The US dollar rose to its highest in seven months as US non-farm payroll smashed expectations in October. The US economy added 271,000 jobs, against the 180,000 expected, pushing the .DXY US dollar index up 1.2 per cent to 99.15, its highest since April. Meanwhile, the dollar jumped 1.16 per cent against the pound, to 66.51p. The jobless [...]
Founder of Indian startup TinyOwl held hostage for two days by workers after he announces layoffs November 6, 2015 It's never easy for an entrepreneur to make redundancies – but the process turned into a nightmare for Gaurav Choudhary and Saurabh Goyal, co-founders of Indian food delivery startup TinyOwl, after their workers reportedly held them hostage for two days. The Economic Times reported that after TinyOwl's founders decided to make 112 redundancies as part of a deal with VC firm Sequioa Capital, which [...]
UK trade deficit narrows in September, beating expectations November 6, 2015 What with all the shmoozing David Cameron, George Osborne et al have been doing with various prospective trade partners in recent weeks, this should raise a smile on Downing Street: the UK's trade deficit narrowed by £1.6bn between August and September. Figures by the Office for National Statistics suggested the trade deficit on goods fell to [...]
UK industrial production edges up in second quarter – but manufacturing falls November 6, 2015 Shrugs all round as new figures showed the UK's industrial output edged up just 0.2 per cent between the second and third quarters – although the outlook was rather less encouraging for the manufacturing sector. Figures from the Office for National Statistics suggested the sector – which makes up the biggest component of industrial production – [...]
London house prices: Queues around the block as 215 flats at bargain basement prices at Trinity Square in Hounslow sell out in three hours, netting £60m of sales November 6, 2015 Yet another sign of the hysteria surrounding London's housing market: 215 flats at a residential development in Hounslow sold out in just three hours on Thursday night, as hundreds of people clamoured to get their hands on one of the homes. Developer Galliard said it made sales of £20m per hour between 5pm and 8pm [...]
Forget your 40s: Life now begins at 60, it turns out – as middle age stretches until 68 November 6, 2015 US psychologist Walter B Pitkin may have said life begins at 40 – but because the average life expectancy has increased 20 years since he made his famous assertion in 1931, it's arguable the fun now starts when people hit their 60s. And it turns out those later in life agree: for 64 per cent of those over [...]
Share the love: It’s International Love Your Lawyer day November 6, 2015 You can badmouth the legal eagles all you like for the remaining 364 days of the year, but, for today, the American Lawyers Public Image Association (ALPIA), is asking people to play nice for International Love Your Lawyer day. Established as I Love My Lawyer Day in 2001 before progressing to National Love Your Lawyer Day, this year’s [...]
International Airlines Group passenger numbers jump as British Airways names Alex Cruz new boss November 6, 2015 International Airlines Group (IAG) said this morning passenger numbers jumped 16.6 per cent in October this year – as it named the new boss of British Airways. On a pro-forma basis, that increase was 7.6 per cent. Meanwhile, group capacity measured in available seat kilometres rose 13.2 per cent – up 4.3 per cent on [...]
Easyjet to resume scheduled flights from Sharm el Sheikh to repatriate UK tourists tomorrow November 5, 2015 EasyJet has said it will resume its scheduled flights from Sharm el Sheikh tomorrow, in order to repatriate customers who have been affected by a ban on UK airlines flying to the resort. The airline said this afternoon it will operate its two scheduled flights to Luton and Gatwick, as well as six additional flights, including [...]
