Scotland is the most attractive place for foreigners to invest outside London May 27, 2015 Outside London, Scotland is the most popular place for foreigners to invest in the UK, according to a report by EY. In its latest UK annual attractiveness survey, it shows how the UK did well overall last year, with total projects from foreign investors increasing by 15 per cent to 799 – its highest number [...]
Elon Musk’s SpaceX can now launch military and spy satellites for the US May 27, 2015 Private company SpaceX has received certified approval from the US to send military and spy satellites into space. The decision comes after two years of reviews by the US Air Force, and founder Elon Musk described it as an “important step” in bringing competition to National Security Space launch. “We thank the Air Force [...]
Wizz Air profits and revenue soar to record success in 2015 May 27, 2015 Wizz Air has been flying high since it floated in February. The figures Eastern Europe's largest low-cost airline achieved record results in 2015, with profits up at €146m (£103m) for the 12 months to 31 March – a 67 per cent increase from €87m in 2014. Revenue also went up by 21 per cent [...]
Dear Queen, here’s everything business wants you to say in your speech May 26, 2015 On Wednesday the Queen will give her Speech from the Throne, setting out the policy plan for the Conservative government. Big topics to be covered include the EU referendum, which Prime Minister David Cameron has promised to hold within the next two years, housing, immigration, and devolution for cities outside London. Many of the [...]
Londoners can now rent out their spare rooms using AirBnB, thanks to a change in rules May 26, 2015 It is now completely legal for Londoners to let out spare rooms using sites such as AirBnB, thanks to a change in rules. Until now, you could be slapped with a £20,000 fine for renting part of your home out for fewer than 90 nights without getting planning permission first, but everyone is now [...]
Conservatives want to end free travel for friends and flatmates of TfL employees, saying it will save the government millions May 26, 2015 Friends, flatmates and family of TfL staff are currently able to use London's public transport for free, but the Conservatives want to put a stop to this. They say the rule, which allows each employee of the body to select one person they live with to be able to travel around the capital cost-free using [...]
What will happen if Greece defaults on its loan repayment to the IMF? May 26, 2015 Over the course of June, Greece must make four payments totalling €1.6bn (£1.1bn) to the IMF, starting with €300m (£212m) on 5 June. But whether it will meet all these obligations is far from certain, as the country is struggling to reach a deal with its European creditors to unlock crucial bailout funds. It managed [...]
Living in a noisy area increases your chance of being overweight May 26, 2015 Busy roads, rattling trains and aircraft taking off are just some of the unwanted sounds Londoners are exposed to on a daily basis, but it turns out the impact of all that noise extends far deeper than passing irritation. The noisier the area you live in, the larger your waistline is likely to be, according [...]
The world’s ageing population is sending us into a deepening debt crisis May 26, 2015 The world's ageing population is causing a huge pile of debt to build up, the European chief executive of Goldman Sachs Asset Management has said. Andrew Wilson, head of Europe, Middle East and Africa (EMEA) for the investor, warned that it would be impossible to pay off national debts under the current system because of [...]
Champagne remains just as popular, despite the rise of Prosecco May 23, 2015 Prosecco is rapidly growing in popularity, but not at the expense of Champagne. This year's annual Champagne report by Champagne Lanson International revealed that 2014 was a "fantastic" year for the drink, with growth driven by high sales, pricing and wider distribution. On top of this, the report claims people are still looking for "quality, [...]
