Real wages: At what age do people in the UK earn the most? July 3, 2014 It pays to be older. Well, the age at which workers' wages are peaking is getting older at least. While economists and statisticians have increasingly been focusing on real wages, which have grown in only six months of the past six years, there is in fact another important aspect of the debate about earnings, as the [...]
Electricity wasted by appliances on standby mode could power UK and Norway July 3, 2014 Thanks to inefficient technology, billions of connected electronic devices are costing the global economy £46bn a year through wasted energy, a new report has said. The amount wasted last year was 400 terawatt hours (TWh), equivalent to the electricity consumed annually by the UK and Norway combined. According to the International Energy Agency, the problem [...]
F1 hasn’t worked: QPR owner Tony Fernandes quits formula one with Caterham sale July 3, 2014 QPR owner Tony Fernandes has sold his struggling Caterham Formula One team, bringing to an end to the Malaysian millionaire's failed foray into motor racing. The Oxfordshire-based F1 team has been sold to an unnamed consortium of Swiss and Middle Eastern investors, it was announced yesterday, with retired Dutch driver Christijan Albers taking over its [...]
Why Andy Murray’s Wimbledon loss will cost him July 2, 2014 Andy Murray's Wimbledon title defence came to a surprise halt today at the hands of Bulgarian Grigor Dimitrov. The Scot crashed out at SW19 after an excellent display from 23-year-old Dimitrov, who ousted Murray in three sets. Other than a chance to defend the title he won last year, Murray will now miss out on [...]
Carillion preferred for Liverpool FC stand – but contract could be less than Luis Suarez transfer July 2, 2014 Support services and construction firm Carillion has been appointed as the preferred bidder for the expansion of Liverpool Football Club's main stand – for around the price the club hopes to receive from selling disgraced striker Luis Suarez. The project, which is subject to planning consent, is estimated to be worth in the region of [...]
Tim Howard can solve US national debt problem: Twitter reacts to new US hero July 2, 2014 The USA's World Cup hopes may have ended last night with a heartbreaking defeat at the hands of Belgium, but a new hero was born. Tim Howard, the US national team goalkeeper kept his team in the match for long periods with an impressive display of shot-stopping, denying the Belgian forwards again and again as [...]
IMF biased towards its richer members says auditor July 1, 2014 The International Monetary Fund is failing to shrug off its reputation as a club for rich countries, with developing countries finding it hard to trust the lender's advice as unbiased, the body's auditor said in a report today. Looking at its reports into the IMF over the last ten years, the Independent Evaluation Office (IEO) [...]
Cameroon to investigate World Cup match-fixing allegations July 1, 2014 Cameroon's football federation is investigating claims that seven of its players were involved in match-fixing at the World Cup. German news magazine Der Spiegel carried allegations made by a convicted Singapore match-fixer Wilson Raj Perumal, who is reported to have sent a message prior to the match against Croatia correctly forecasting the 4-0 scoreline and [...]
EU travellers get cheaper mobile phone bills for roaming abroad July 1, 2014 The cost of using a mobile device to go online abroad in the EU has been halved today, a timely boost for those visiting European destinations this summer. In changes to regulations that came into effect on 1 July, the maximum price for data roaming, downloading data while in another European Union country, has been slashed [...]
Why is the Eurozone recovery starting to lose momentum? July 1, 2014 Manufacturing in the Eurozone area eased in June amid signs that the recovery is losing ground. The latest figures from Markit see June's headline purchasing managers' index (PMI) for the Eurozone dip to a seven-month low of 51.8 from 52.2 in May. Growth of both output and new orders slowed in the last month. Any [...]