Apple share price: iCloud hack and Samsung derail iPhone 6 hype sending shares down after six months of steady gains September 7, 2014 Ahead of Tuesday’s big launch event- said to be the unveiling of the latest iPhone 6 according to, well, everyone- Apple’s rising share price was derailed this week, as was its well-orchestrated hype-machine. On Tuesday shares hit a record high, even as the leaking of nude pictures of celebrities began to increase the focus on [...]
US economic growth steady September 3, 2014 THE US recovery is on a relatively strong footing, the Federal Reserve said last night, as its car industry shows strong growth and banking conditions improve. In its Beige Book report of anecdotal information on business activity collected from contacts across the US, the Fed said six of its 12 districts reported “moderate” economic growth. [...]
International Friendly: Hodgson in no mood to entertain statistics September 3, 2014 AT WEMBLEY STADIUM ENGLAND 1 NORWAY 0 DEFIANT manager Roy Hodgson vowed to win back the trust of jaded England fans with swashbuckling football and goals galore after his side relied on a penalty from new captain Wayne Rooney to beat Norway in front of a record low crowd. Striker Rooney marked his first game [...]
Our obsession with monetary stimulus will end in disaster September 3, 2014 It is now six years since the collapse of Lehman Brothers, and considering that the US economy has officially been in recovery for the past five years, that equity indexes have put in new all-time highs, and that credit markets are once again ebullient to the point of carelessness, it is worth contemplating that monetary [...]
Sex, drugs and charity – the changes to how UK GDP is measured revealed September 3, 2014 Vice sectors such as the sex and drugs trades – alongside those firmly rooted in virtue – have given the UK's economy something of a halo, according to the Office for National Statistics' reworking of GDP data. The once-in-a-generation changes are being drip fed out, with the first – revised real and nominal GDP [...]
Ebola food shortage: Sufferer escapes Liberian hospital to steal bread from crowded market September 2, 2014 Concerns over the shortage of food available for Ebola victims in West Africa have been put in the limelight by a YouTube video uploaded today. It shows an Ebola patient walking through a crowded market after escaping from a hospital in Liberia. He picks up a piece of bread from one of the stalls [...]
Hot sauce: Tesco launches new sandwich store to fight Pret A Manger September 1, 2014 Another day, another sandwich bar opens. So what's new? Well this time, it's Tesco which is launching a brand new sandwich shop format – selling premium subs and hot breakfast to City workers. This morning the supermarket opened its first small format sandwich store, conveniently located a stone's throw away from City AM's [...]
Premier League: Spurs suffer as Rodgers talks up title August 31, 2014 TOTTENHAM HOTSPUR 0 LIVERPOOL 3 AT WHITE HART LANE LIVERPOOL boss Brendan Rodgers believes his side’s performance in the mauling of Tottenham yesterday proved the Reds can mount a title charge despite the close season loss of mercurial talisman Luis Suarez. The visitors served notice of their intentions with an early Raheem Sterling goal before [...]
US economy roars back stronger than ever after arctic conditions August 28, 2014 THE US economy’s bounce back from polar conditions early this year was even stronger than statisticians initially expected. GDP jumped by 4.2 per cent on an annualised basis during the second quarter, a larger increase than the four per cent which was initially projected. Business investment was revised upwards significantly, with an 8.2 per cent expansion recorded, [...]
European bond yields fall further after Draghi’s hints at quantitative easing August 27, 2014 European bond yields fell again on Wednesday, as the knock-on effect from a speech by European Central Bank (ECB) president Mario Draghi continued to quell investors' fears over muted growth. Germany's 10-year yield fell to 0.9 per cent in London (and a record 0.91 per cent in New York), while Spanish 10-year yields fell to [...]