New York Report: Wall Street has worst trading day since June August 27, 2013 WALL Street stocks suffered their worst day since June yesterday, slumping in a broad decline as geopolitical uncertainty rose over a possible US-led military strike by the West against Syrian President Bashar al-Assad’s forces. The S&P 500 closed under its 100-day moving average for the first time since 24 June, a sign of weak near-term [...]
Letters to the editor – 28/08 – Better rail policy, Best of Twitter August 27, 2013 Better rail policy [Re: Labour threatens to redesign HS2 link, yesterday] In the nineteenth century, railways were built with private capital. But there is also a modern private sector solution to capacity problems on routes like the West Coast Main Line – to develop a new line for 75 miles per hour freight trains. This can [...]
What the other papers say this morning – 27 August 2013 August 26, 2013 FINANCIAL TIMES MPs step up campaign to break up RBS MPs are stepping up their campaign for a break-up of Royal Bank of Scotland amid suspicions in Westminster that RBS and Treasury officials will try to scupper a good bank-bad bank split. In a letter in today’s Financial Times, the influential Parliamentary Commission on Banking [...]
Traditional university is on the cusp of a digital revolution – but it should survive August 26, 2013 VISIT any British university this autumn and you’ll see Britain’s fresh-faced youth being taught by academics in lecture halls, seminars, and (at the swanky end) tutorials. Although we live in an age when industry after industry has been transformed by the internet, almost all the teaching in our universities goes on face-to-face, in person. But [...]
What the other papers say this morning – 23 August 2013 August 22, 2013 FINANCIAL TIMES Kia Motors braces for work stoppages Kia Motors is facing production losses of hundreds of millions of dollars from a suspension of Saturday shifts at its South Korean car plants, as it fights to avoid a wider strike following failed pay negotiations with its union. Saturday production was halted in March at two [...]
What the other papers say this morning – 22 August 2013 August 21, 2013 FINANCIAL TIMES Interns keep working at BofA Bank of America Merrill Lynch gave interns the option to end placements early after a 21-year-old undergraduate died. But they have decided to keep working. The decision by Moritz Erhardt’s peers to stay on highlights the determination of many young people to win a passport into that world. [...]
Derwent rides the east London tech belt wave August 15, 2013 DERWENT London has snapped up an office block near Old Street’s Silicon Roundabout for £30m as it looks to capitalise on growing demand for space in the area from expanding technology firms. Chief executive John Burns said the 61,000 square feet building at 1 Mark Square in Shoreditch was “right in the hotspot location” in [...]
Football Comment: Mourinho can bring the title back to Chelsea August 15, 2013 THE JURY’S out on how David Moyes and Manuel Pellegrini will perform at United and City, but Jose Mourinho brings with him a certainty to Chelsea and that is a very big positive. He’s been there and done it before, he’s got a good young squad and they might have the edge. However, I think [...]
United set for tough start at Liberty Staduim August 15, 2013 BEN CLEMINSON PREVIEWS THE PREMIER LEAGUE SWANSEA vs MANCHESTER UNITED Tomorrow 5.30pm DAVID Moyes would love nothing more than to get his Manchester United Premier League managerial career off to a flyer with a win at the Liberty Stadium in tomorrow’s evening kick-off, but it’s certainly not going to be a walk in the park. [...]
Put your trust in City to win back the title August 15, 2013 BEN CLEMINSON PREVIEWS THE PREMIER LEAGUE THE upcoming Premier League season is set to be one of the most open in recent memory with bookmakers struggling to split Manchester City, Manchester United and Chelsea at the head of the outright market. What is unusual is that the three leading fancies all have new managers who [...]