How the geography of global innovation is rapidly changing September 12, 2013 Liam Ward-Proud investigates the cities that are attempting to foster new startup cultures WIKIPEDIA founder Jimmy Wales has called on Britain to extend its entrepreneurship visa scheme to make London more enticing to startups. He joked that “nobody wants to live in San Jose, California – it’s incredibly boring”. But the geography of global innovation [...]
What the other papers say this morning – 12 September 2013 September 11, 2013 FINANCIAL TIMES Libor control to remain in London Brussels has ditched its plan to put the scandal-mired Libor lending rate under the direct control of a European supervisor in Paris, in a concession that removes a serious political nuisance for Britain. Early drafts of the European Commission regulation, which is to be unveiled next week, [...]
Analysts think Apple has gone rotten: Three banks downgrade to neutral September 11, 2013 A disappointing reveal from tech giant Apple last night has seen analysts downgrade their buy recommendations in the company's stock to neutral. No surprises last night despite promises from chief executive officer Tim Cook in May last year that security was being ramped up. Crucially, Apple's budget iPhone 5C turned out to not be that [...]
Political risks rising in the Eurozone September 9, 2013 The rise of populist parties across the bloc and high unemployment may lead to more market volatility, writes Liam Ward-Proud RECOVERY in the Eurozone is certainly underway. The region ended its 18-month recession in the second quarter, posting growth of 0.3 per cent. European equities, despite a few blips, have also performed strongly, with the [...]
How the geography of global innovation is rapidly changing September 8, 2013 Liam Ward-Proud investigates the cities that are attempting to foster new startup cultures WIKIPEDIA founder Jimmy Wales has called on Britain to extend its entrepreneurship visa scheme to make London more enticing to startups. He joked that “nobody wants to live in San Jose, California – it’s incredibly boring”. But the geography of global innovation [...]
Undergo a cava conversion in rural Catalunya September 8, 2013 Are you a snob about Spanish bubbly? Penedès will change your mind I ALWAYS thought of cava as Champagne’s poorer cousin – something one takes to parties when the French stuff seems a little dear. You turn up, sheepishly handing the sparkling Spaniard to your host, with the caveat that you would have bought France’s [...]
EU backs down on finance tax September 5, 2013 EUROPE is reining in its planned financial transactions tax (FTT), cutting back the level of the tax and limiting its scope dramatically after leaders realised it could do enormous damage to the economy. The FTT is now likely to affect just share trades at first, rather than bonds and derivatives as originally planned, and at [...]
Vodafone rides into an uncertain future after Verizon sale September 2, 2013 The sun was shining brightly yesterday on the first proper day back to work after the summer holidays and unless you were leaving a parked car in the shadow of the Walkie Talkie building in Eastcheap that had to be a good thing. The financial markets were in fine fettle too, with the FTSE 100 [...]
What the other papers say this morning – 03 September 2013 September 2, 2013 FINANCIAL TIMES Dering Capital leads race for TDF Blackstone Group’s former top executive in Asia has emerged as the leading contender to buy the French assets of Europe’s largest telecoms tower operator TDF in a deal worth up to €3.8bn (£3.22bn). Dering Capital, started by Ben Jenkins after he left the US private equity group [...]
Shares for rights could lure talent to smaller firms September 1, 2013 AS NEW rules came into force yesterday allowing employees to waive certain workers’ rights in exchange for shares in their employer, lawyers have said the legislation could drive top talent towards the UK’s smaller companies. Under the new scheme, first proposed by chancellor George Osborne last year, employees can exchange certain rights – including statutory [...]