The world’s first ever 3D-printed office is being built in Dubai July 1, 2015 Dubai is planning to create the world's first ever 3D-printed office, in the hope that it will pave the way for cheaper construction in the future. The single storey building, which will be located in the city's centre, is a joint project between the Gulf state and a number of companies, including WinSun, a [...]
Wimbledon Centre Court evacuated following reported electrical fire July 1, 2015 Wimbledon's centre court has been completely evacuated due to a reported electrical fire. Around 3,000 people were evacuated as a precaution, London Fire Brigade said. The service already had a number of firefighters at the club who act as fire patrol during the tournament, but a further 18 were sent to deal with the [...]
Greece bailout crisis: EasyJet founder Stelios Haji-Ioannou brings free lunch to the table July 1, 2015 While Eurozone finance ministers continue to try and come up with a plan to save Greece's economy, one billionaire is giving out free lunches on the street. Read more: Stelios Haji-Ioannou launches new easyBus Heathrow-London shuttle service Sir Stelios Haji-Ioannou, founder of easyJet, left Greece 25 years ago and now lives in Monaco, but [...]
European and US markets close higher on fresh hopes of a Greece deal July 1, 2015 Greece's economic prospects took a positive turn today, after Prime Minister Alexis Tsipras showed more willingness to compromise with creditors. Read more: No vote does not mean leaving the Eurozone, says Tsipras In a letter to Eurozone partners, he put forward new proposals accepting most of what was on the table before talks collapsed. [...]
Tfl signs contract to bring new, air-conditioned trains to London Overground July 1, 2015 In today's extreme heat, the prospect of feeling cool on London transport seems too good to be true. Read more: TfL wants businesses to pitch "something exceptional" to transform its disused Down Street Tube station But thanks to a new contract signed by TfL, from 2018 some London overground trains will be blasting out [...]
Bank of England is making plans to “protect” the UK from Greece, says governor Mark Carney July 1, 2015 The Bank of England (BoE) is drawing up plans to protect the UK's financial system from the crisis unfolding in Greece, according to governor Mark Carney. Read more: Mark Carney voices concern about Greek crisis in Bank of England Financial Stability Report In an interview with Sky News, he said the central bank was [...]
Sir Howard Davies’ Airports Commission report backs third runway at Heathrow – but says Gatwick is a “credible” option July 1, 2015 Howard Davies' Airports Commission has recommended building a new runway at Heathrow, rather than Gatwick. Read more: Businesses call for action on Heathrow expansion The long-awaited report, revealed this morning, called a new runway at Heathrow the "clear and unanimous" decision, and suggested it could provide £147bn in economic growth and 70,000 jobs by [...]
Greece has missed its deadline to repay €1.6bn to the IMF June 30, 2015 Just as all the markets expected, Greece has not met its deadline to repay €1.6bn (£1.1bn) to the IMF. Read more: Germany won't discuss Greek bailout deal until after Greek referendum The amount, which constituted a bundle of loan repayments from the month of June, was due by 11pm on Tuesday evening. Greek [...]
Fitch downgrades Greece’s credit rating to CC, which is one point above “inevitable” default June 30, 2015 Fitch has downgraded Greece further in junk status, down from CCC to CC. It is now just one point above what is deemed to be a certain default. Read more: Germany won't discuss Greek bailout deal until after Greek referendum The ratings agency, which is the second to downgrade the beleaguered economy in two days [...]
