The chronograph makes a welcome comeback: The Rolex Daytona is leading a field of fascinating new stopwatch complications April 29, 2016 Whether it’s the design symmetry of the counters on the dial, the tactile satisfaction of clicking the stopwatch pushers, or the reams of history associated with cars, speed, space travel and adventure, the chronograph remains the most romantic, evocative and downright manly style of wristwatch there is. And right now it’s the hottest thing in [...]
Amazon’s share price soars after posting better than expected results April 28, 2016 Amazon's share price has soared after it reported better than expected first quarter results. Shares in the company rose over 12 per cent in after hours trading after posting strong results, a quarter after having been pounded after profit missed the mark. The e-commerce giant reported net income was $513m in the first quarter, or $1.07 per diluted share, [...]
In pictures: The world’s tallest tower has just been unveiled – and it’s going to be in Dubai again April 28, 2016 If you thought the Burj Khalifa was big, prepare yourselves for a new tower that will leave the Dubai landmark in its shadow. Developer Emaar Properties has just unveiled a rival to snatch the title as the world's tallest tower. No final decision has been taken on how tall the Tower will be, but it will be [...]
City Moves for 27 March 2016 | Who’s switching jobs April 27, 2016 Saxo Bank Saxo Bank, the trading and investment specialist, has appointed Jeff Zorek as chief operating officer of global sales based in London and reporting to Matteo Cassina, global head of sales. Jeff joins Saxo with over 30 years of financial services experience, managing businesses in securities trading, high-speed electronic execution, risk management, clearance, settlement and [...]
Finance actually wants more regulation because of the rise of artificial intelligence fintech in the world’s markets April 25, 2016 The finance world is cautiously optimistic about the future of artificial intelligence and how it can be used, but, there is more work needed on regulating the technology when it comes to world markets. “Financial institutions have been fined billions of dollars because of illegality and compliance breaches by traders. A logical response by banks is to [...]
Visual vanguard: JCDecaux’s Spencer Berwin talks hawks, scaling and London’s digital landscape April 25, 2016 London's landscape is in flux. Almost 120 skyscrapers are in the pipeline, and the proliferation of bright digital billboards in train stations, roundabouts and bus shelters are transforming the capital’s aspect into something altogether more dynamic and enthralling. Outdoor specialist JCDecaux is behind this massive digital roll-out. After winning TfL’s £300m bus shelter contract last [...]
Chinese consumers are changing their habits rapidly as luxury has suffered a slow death and online takes off April 24, 2016 Beijing is awash with restaurants, but locals Cherry and Andy Ho haven’t bothered going out to eat for months. The proliferation of Groupon-style coupons and deals means it’s easier to have food delivered. It’s half the cost, with no delivery charge – great for consumers, but not so good for some traditional businesses. Indeed, this was among [...]
Sunday Times Rich List 2016: Retail king Mike Ashley’s wealth declines by £1bn… and the fortunes of Britain’s fashion and retail billionaires April 24, 2016 Mike Ashley is the biggest loser in the retail billionaires club. The Sports Direct boss and Newcastle United owner's fortune shrank by more than one billion pounds last year to £2.43bn, according to the latest figures from the Sunday Times Rich List. Arcadia boss Sir Philip Green, owner of Tophsop among several fashion stores and the man who [...]
At the open: FTSE 100 clinging on, as markets look ahead to European Central Bank (ECB) interest rate and quantitative easing decision April 21, 2016 The FTSE 100 popped, dropped then levelled off this morning, to stand down 0.06 per cent at 6,406 in the first minutes of Thursday trading. Miners started on the up after Brent Crude smashed through the $45 a barrel mark last night and held on this morning to clock in for the day at $45.84 [...]
One million workers in the UK will be trained to tackle terrorism April 20, 2016 People working in built up areas will be trained how to respond to terrorist threats with police seeking to get more than one million workers ready to know what to do in the event of such an attack. The National Police Chief's Council on Wednesday announced the plan to extend the police's anti-terror scheme Project Griffin which already advises [...]