GSK share price falls, despite Ebola vaccine success September 8, 2014 Monkeys given an experimental Ebola vaccine developed by GSK were resistant to the deadly virus when infected with it five weeks later, trials have shown. The results of a drug trial, published in the journal Nature, show all of the monkeys not given the vaccine died within 6 days of infection, whereas the four [...]
BP share price falls as UK intervenes in legal battle over oil spill payouts September 8, 2014 BP's share price fell to 462p this morning, despite news the UK government is planning to intervene in the US' attempt to order huge payouts for the Gulf of Mexico oil spill. In a filing with the US Supreme Court, the government said BP had “gone to great lengths to restore the Gulf Coast”, [...]
Obama to outline strategy for targeting Islamic State September 7, 2014 On Wednesday, US President Barack Obama will outline his strategy for targeting Islamic State (IS) – the extremist group currently taking over large parts of Syria and northern Iraq. "I'm preparing the country to make sure that we deal with a threat from Isil,” he said on NBC's Meet the Press. "On Wednesday, I'll [...]
China spends its way to becoming world’s largest economy September 7, 2014 Ten years from now, China will have overtaken the US as the world's largest economy. A report released by IHS shows how a surge in consumer spending in what is currently the world's second largest economy will take it into first place. It predicts that such spending in China will increase by an average [...]
EU bonus cap: UK’s challenge reaches final stage in court September 7, 2014 The UK's challenge to the European Union's bonus cap plan will be heard in the European Court of Justice tomorrow. This will be the final stage in the case opened by the UK Treasury last September. The new rule, which is supposed to be imposed on all bonuses awarded from 2014 onwards, caps bankers' [...]
Scottish Independence: Yes campaign gains momentum as poll puts it in lead for first time September 7, 2014 It's the moment Scotland's Yes campaigners have been waiting for – the polls suggest that an independent Scotland is as likely as a continued union with the rest of the UK, if not more so. As the 18 September referendum approaches, both sides of the debate have been stepping up their attempts to win [...]
Trust in people and businesses is at its lowest in 30 years, say researchers September 4, 2014 Public trust in people and businesses has dropped to its lowest point in three decades, according to researchers at the University of Georgia. By examining data from two national surveys of people in the US – the General Social Survey of adults (1972-2012) and the Monitoring the Future survey of 12th graders (1976-2012), they [...]
Apple share price soars after refuting iBrute celebrity photo hack, then plummets in biggest fall since January September 4, 2014 Apple is having a rollercoaster week. It experienced its biggest fall in share price since January yesterday, after hitting a record high the day before. Shares opened nearly one per cent higher hitting $103.74 when markets opened on Tuesday after the company said there was no "ibrute" security breach when celebrity's iCloud accounts were hacked and [...]
Goldman Sachs to issue $500m Islamic bond September 4, 2014 Goldman Sachs is planning to issue its first Islamic bond, or sukuk, and intends to meet potential investors in Qatar and the United Arab Emirates next week. According to the FT, the issuance is expected to consist of five-year bonds with a combined value of $500m. The US bank will be the second financial institution [...]
The biggest animal to ever walk the Earth: Meet the Dreadnoughtus schrani September 4, 2014 Weighing 59.3 metric tonnes and stretching 26 metres from head to tail, the Dreadnoughtus schrani would have dwarfed the terrifying T. Rex. It may have been a harmless herbivore, but the enormous dinosaur was given its name because the excavation team that found it believed it had naught to dread. "With a body [...]
