Merkel: Let’s talk January 23, 2013 GERMAN chancellor Angela Merkel yesterday said she would seek a compromise agreement to stop Britain leaving the European Union, following David Cameron’s pledge to hold a referendum on the UK’s membership of the organisation by 2017. “We are prepared to talk about British wishes but we must always bear in mind that other countries have [...]
Apple sees all-time high iPhone sales but Wall Street unsatisfied January 23, 2013 APPLE posted record profits last night, as sales of the iPhone 5 and iPad mini in the months since their releases drove it to new heights. However, the company’s performance disappointed Wall Street, sending Apple shares down more than 10 per cent in after hours trading as it warned of lower revenue growth in the [...]
Jobs miracle sees record number of Brits in work January 23, 2013 UNEMPLOYMENT plunged again in the three months to November, official figures showed yesterday, defying fears of a triple dip recession and bringing fresh hope that the economy is on the mend. Employment jumped 90,000 to a new record high of 29.68m while unemployment dropped again to 2.49m. Full time employment drove that increase, rising by [...]
Cameron’s decision to call a referendum is absolutely right January 23, 2013 GOOD on David Cameron. He has finally listened to public opinion and agreed to seek a better, renegotiated EU membership deal for the UK. Nobody born after 1957 in the UK has ever had a chance to say what they think of an organisation that controls more of UK public policy than ever before. Of [...]
Congress votes to extend US borrowing limit January 23, 2013 THE US House of Representatives yesterday passed a Republican plan to allow the federal government to keep borrowing money until mid-May, after the top Senate Democrat and White House endorsed it. The vote in the Republican-controlled House drew the opposition of 111 Democrats, many of whom labeled it a negotiating gimmick that would set up [...]
Murdoch scores with footie deal January 23, 2013 RUPERT Murdoch’s News International has snapped up the rights to show online highlights of Premier League football games. The three-year deal, which begins at the start of the 2013-14 season, means that News International’s news outlets – the Sun, the Times and the Sunday Times – will be able to show Premier League highlights on [...]
FSA’s Libor probe gathers speed January 23, 2013 THE investigation into interdealer broker Icap in connection with Libor rate rigging has intensified, a source close to the probe confirmed last night. Seven of the estimated 50 staff working on the Libor probe for City watchdog, the FSA are now focusing on Icap. Icap, founded by Michael Spencer, said last year that it had [...]
What the other papers say this morning January 23, 2013 FINANCIAL TIMES GMG ends talks to sell Trader stake Guardian Media Group has called off talks with interested buyers over the sale of its half stake in the car classifieds company Trader Media Group following a failure to agree a price. Apax, its joint venture partner in Trader Media, was interested in buying out the [...]
Business backs Cameron’s call on Europe vote January 23, 2013 BUSINESS leaders yesterday broadly welcomed David Cameron’s plans to renegotiate a new deal with the European Union. In a letter to The Times, 48 industry and City leaders said the Prime Minister’s promises of a negotiation followed by an “in-out” referendum within five years was “good for business and good for jobs in Britain”. The [...]
What did business leaders make of the Prime Minister’s speech? January 23, 2013 SIMON WALKER Director general of the Institute of Directors Free movement of goods and people is enormously important for the British economy, and we need to preserve that situation. At the same time, there are serious concerns about large amounts of costly regulation being introduced through unaccountable processes. A future referendum to decide the workings [...]
