How to test for Ebola: Jellyfish DNA on blotting paper could be used to identify virus within 30 minutes October 27, 2014 It could be about to become much cheaper and easier to test for Ebola, thanks to a new identification method involving DNA-programmed blotting paper. A group of scientists in the US were able to detect the virus after discs of paper were embedded with DNA and RNA fragments from jellyfish and other organisms. [...]
Which banks failed the European stress tests? Italy came out worst, followed by Greece and Cyprus October 27, 2014 25 banks failed the EU-wide stress tests carried out by the European Central Bank (ECB), according to results released this morning. The aim of the tests was to assess the resilience of EU banks to adverse economic developments and determine whether they could withstand another financial crisis. Based on banks' financial health at [...]
Tesco and Next: Two of the six retailers that contributed to the highest number of profit warnings since 2008 October 26, 2014 The number of UK-listed firms issuing profit warnings has risen to its highest summer level since 2008, according to a report by consultancy firm EY. It said 69 warnings were issued by firms during the third quarter of 2014 – a 56 per cent increase from the equivalent period in 2013. Profit warnings [...]
UK needs to raise interest rates now, says Bank of England policymaker Ian McCafferty October 26, 2014 A senior Bank of England (BoE) policymaker has said the UK should begin raising interest rates now, despite low inflation. Ian McCafferty is one of just two members of the bank's Monetary Policy Committee (MPC) to have voted in favour of rate hikes since August. The seven other members warned against a “premature” tightening [...]
Asda faces mass legal action over pay inequality: Female shopfloor workers say they receive less than males in warehouses October 26, 2014 Thousands of female shop floor workers are taking legal action against Asda over pay inequality. They claim they are paid less than many male employees working in warehouses, despite doing equally valuable work for the supermarket chain. Law firm Leigh Day told the Guardian that 19,000 Asda employees had approached it since April, [...]
UK banks pass EU-wide regulatory stress tests but failed banks must raise €25bn in nine months October 26, 2014 UK banks have passed the stress tests carried out by the European Banking Authority (EBA) and European Central Bank (ECB), but a number of others have failed and must plug a gap of €24.6bn within nine months. The aim of the EU-wide stress tests was to assess the resilience of EU banks to adverse economic [...]
UK in Afghanistan: British operations end with handover of last military base October 26, 2014 Control of the last British military base in Afghanistan has been handed over to Afghan security forces, representing the end of British military combat in the country. Camp Bastion in Helmand Province has been the UK's main base in Afghanistan since 2006. Troops have been based in the country since 2001. The end [...]
EU budget 2014: Britain ordered to pay extra €2.1bn as compensation for its strong economic performance compared to other countries October 23, 2014 Britain has been told by the EU that it must add an extra €2.1bn to its 2014 EU budget, as compensation for its strong economic performance. It has been told by the European commission that it must make the payment on 1 December, to make up for the fact that its economy has performed [...]
EU budget 2014: Britain ordered to pay extra €2.1bn as compensation for its strong economic performance compared to other countries October 23, 2014 NULL
Amazon share price falls by the most in a decade as revenues disappoint October 23, 2014 Shares in Amazon fell as much as 13 per cent in New York after hours trading this evening – the company's biggest fall in at least a decade. The drop occurred after the online retailer posted disappointing results for the third quarter, with forecasts and sales falling well below Wall Street expectations. Analysts [...]
