Turkish lira soars after central bank defies Erdogan and raises interest rates September 13, 2018 The Turkish lira has soared after the country's central bank defied President Recep Tayyip Erdogan and increased interest rates. The currency, which had dropped to 6.54 per dollar earlier today, rose to 6.06 per dollar after the bank's monetary policy committee decided to increase interest rates from 17.75 per cent to 24 per cent. It [...]
The Tiki Revolution: Here’s our definitive guide to the best tiki bars in California September 1, 2018 To drive the Pacific Coast Highway is the stuff of bucket lists and dreams. On my 500-mile trip from San Francisco to San Diego, I seized the chance to not only to admire the Golden State’s majestic coastlines but also to indulge in an epic bar crawl. My itinerary included stopovers in towns that are [...]
Up the blockchain beanstalk in search of a golden goose August 31, 2018 Remember the tale of Jack and the Beanstalk, when the hero traded his very last asset – the valuable family cow – for a handful of magic beans, and by some miracle of climbing the resulting beanstalk he ended up living happily ever after, thanks to proceeds from a bag of gold, a golden goose, [...]
What went Wronga? Payday lender pays price of poor reputation and rip-off loans August 30, 2018 As recently as five years ago, Wonga was flying high. A £1bn New York listing was on the cards even on a fairly conservative valuation for a firm mentioned in the same breath as tech unicorns – and which even featured as Newcastle United’s shirt sponsor for four years. Yet today the payday lender collapsed [...]
Lira continues decline as emerging market currencies struggle August 30, 2018 The Turkish lira has continued to decline today as it fell almost five per cent to 6.78 against the dollar. It is the fourth day of decline in a row for the currency, which has lost almost 40 per cent of its value against the dollar this year, as neither Washington nor Ankara backs down over a crisis [...]
Tesla can’t afford Elon Musk’s eccentricities August 27, 2018 In the late hours of Friday night, Elon Musk published a blog post that brought to an end a three-week period of intense speculation and investor confusion. The billionaire Tesla founder declared that, having discussed the matter with his board, taking the company private “would be even more time consuming and distracting than initially anticipated.” [...]
Turf war: Law firm bosses see Big Four as ‘threat’ as they aggressively expand into legal sector | City A.M. August 8, 2018 The City’s top law firms are keeping a wary eye on the Big Four accountancy giants as the beancounters expand into the $600bn (£465bn) global legal services market. Managing partner of City law firm Fieldfisher Michael Chissick said: “They have very ambitious plans, that isn’t in doubt, audit is in decline and it is low [...]
London’s audit giants are muscling in on law firms August 8, 2018 The City's top law firms are keeping a wary eye on the Big Four accountancy giants as the beancounters expand into the $600bn (£465bn) global legal services market. Managing partner of City law firm Fieldfisher Michael Chissick said: “They have very ambitious plans, that isn’t in doubt, audit is in decline and it is low [...]
Litigation funder Augusta completes £150m financing round to pedal expansion plans July 10, 2018 Litigation funder Augusta has successfully completed a £150m financing round from institutional and private investors as its business moves into the next phase of expansion. Augusta, whose main markets are in the UK and Australia, says the boosted finances will enable it to fund disputes of a bigger size and scope and reach other jurisdictions [...]
Chef’s Table: M Restaurant Chef Mike Reid interviews former England and Manchester United star Andrew Cole July 5, 2018 This month, M Restaurant chef Mike Reid cooks lunch for former Manchester United and England striker Andrew Cole, as they discuss the pressure on footballers, recovering from a kidney transplant, and why Australia is terrifying. STARTER: Cured Sicilian red prawns with potato sauce, peas and almonds; Burrata with baby tomatoes, spiced bread and red pepper; [...]