Black Monday 2015: Biotech firm RainDance Technologies cancels IPO following global sell-off August 24, 2015 US biotech firm RainDance Technologies has pulled out of plans to publicly list on Nasdaq. Read more: Black Monday: Bloodbath continues on US markets as Dow Jones and S&P 500 plummet In a regulatory filing released today, the Massachusetts-based company cited the fall in global markets as the reason for its decision. The [...]
China’s economic slowdown: State pension fund allowed to invest in stock market for first time August 24, 2015 China has given its state pension fund access to domestic stock for the first time ever, according to Chinese news agency Xinhua. Read more: FTSE hits 2015 low as China stocks plummet after sharp contraction in manufacturing Local governments will now be able to invest as much as 30 per cent of their pension [...]
Labour frontrunner Jeremy Corbyn calls current levels of corporate pay “ludicrous” August 23, 2015 In an interview today, Jeremy Corbyn attacked corporate pay and claimed bankers need to wake up to Britain's “gross inequalities”. Speaking to the FT, the Labour frontrunner described the salaries and bonuses out by some businesses as “ludicrous”, and said he is investigating every organisation. I do think the salary level and the bonus [...]
British Airways flight BA356 to Nice declares emergency due to landing gear fault August 23, 2015 British Airways flight #BA356 to Nice has returned to Heathrow after declaring an emergency. The Airbus A320 jet left the London airport at 18:00 and was due to land in the France city two hours later. But after experiencing a technical fault, it started making circuits over Surrey and joined the queue to [...]
British embassy re-opens in Iran, paving the way for new business opportunities August 23, 2015 Today, the British embassy in Iran was opened for the first time in four years, marking a pivotal moment in the trade relationship between the two countries. Read more: If a nuclear deal is reached, Iran will be bursting with investment opportunities – here's what to look out for During a ceremony overseen by [...]
Greece’s third bailout deal has been signed – here’s what happens next August 20, 2015 This evening, the head of the European Stability Mechanism (ESM) signed a contract for Greece's third bailout agreement, meaning a further €86bn (£61bn) of financial assistance will be released to the struggling economy over the next three years. Read more: Greek debt crisis: German lawmakers vote yes to bailout deal The board of governors approved the [...]
What is “female viagra”? Five things you should know about the world’s first pill for women’s sex drive August 19, 2015 Yesterday, the first ever medicine to improve women's sex drive won final approval from the Food and Drug Administration (FDA). Called Flibanserin, or Addyi, it is owned by a private US company called Sprout Pharmaceuticals, and will be sold by pharmacists across the US from October this year. The pink pill aims to [...]
Federal Reserve is “approaching” rate hike: Members say they need more evidence of wage growth first August 19, 2015 Minutes from the Federal Reserve's July policy meeting offered no indication that the central bank intends to raise interest rates in September. Read more: Hiking rates in September could be an error of historic proportions by the US Fed With uncertainty remaining over wage growth and inflation, the officials “generally agreed” that more information [...]
FTSE 100 closes at its lowest level in seven months August 19, 2015 Today, the FTSE 100 closed at 6,403 – its lowest value in over seven months. The last time it fell below this was 14 January, when it finished the day at 6,388. Read more: FTSE 100 gives up gains for the year Mining companies suffered the most, with shares in Rio Tinto, Anglo American [...]
Middle-management: This is when you’re most likely to feel depressed in your career August 19, 2015 It won't be your first job that creates the lowest moments in your career, and nor will reaching the top of the ladder bring with it the biggest stresses and anxieties. Read more: Important jobs, big bonuses and beating your colleagues: City workers are suffering from “status anxiety” but won't talk about it It's [...]
