Re-admit Russia to the G7? It should be expelled outright August 27, 2019 If reports are to be believed, the recent G7 summit was a tense affair, mainly thanks to Donald Trump. From being the only head of government to miss a meeting on climate change, to pitching his own Miami hotel resort for the next G7 summit, the US President kept the other world leaders constantly on [...]
Here’s where you should buy a home for access to the best London schools August 23, 2019 As the summer holidays draw to a close and parents prepare their children for another academic year, would-be property buyers who have a young family – or are planning to start one – might be prompted to weigh up their options when it comes to local schools. For lots of families this means considering a [...]
BP and Glencore struggling to offload contaminated Russian oil August 21, 2019 BP and Glencore are still trying to offload huge reserves of tainted Russian crude oil several months after problems were discovered. The UK-listed giants have around 600,000 tonnes of the oil which they are struggling to sell off, several traders told Reuters. Read more: Opec agrees to extend oil supply cuts by nine months A [...]
Dividends break record but uncertainty fuels slowdown August 19, 2019 Global dividends rose to a new record in the last three months, but investors held back their celebrations as growth cooled in the wake of rising global economic uncertainty. Shareholders were paid out $513.8bn (£422.8bn) in the second quarter of 2019, hitting an all-time high but rising at the slowest pace for more than two [...]
Moody’s forecasts fast growth for Islamic banking in next five years August 15, 2019 Islamic banking within the Commonwealth of Independent States (CIS) will grow substantially over the next five years, according to Moody’s Investors Service. The US agency is forecasting financial expansion in many of the CIS counties during the years ahead as a result of government initiatives built to nurture the sector. Read more: Challenger bank Monzo [...]
Carlsberg boosts earnings thanks to higher sales of premium beers August 15, 2019 Carlsberg boosted earnings and improved its operating margins in the first half of the year, thanks to greater sales of its more expensive beers. The Danish brewer said its sales increased 6.5 per cent in the first-half today, despite declining sales in its key market Russia. Russia sales fell three per cent due to price [...]
Evraz hails ‘healthy’ results despite massive drop in profit August 8, 2019 Miner Evraz released a set of “rather healthy results” today even as net profit dropped by more than two thirds in the first half of the year. Lower prices for vanadium and coking coal took a 22 per cent chunk off the company’s earnings before interest, tax appreciation and amortisation (ebitda). Read more: Sterling falls [...]
Dominic Cummings is behind Number 10’s new startup-mindset August 8, 2019 “What we want to hear is their conquer the world strategy,” said Scott Kupor, managing partner of American venture capital firm Andreessen Horowitz. Kupor was talking about wannabe entrepreneurs knocking on the company’s Sand Hill Road door in California and looking to become the next Twitter, Lyft, or Airbnb. If Boris Johnson’s right-hand man Dominic [...]
‘Techlash’ risks making us less secure, as we swipe right for the Wild West of apps August 1, 2019 It’s fair to say there’s been a lot in the news across the world recently. Between a new British Prime Minister, protests in Hong Kong and Russia, foreboding temperatures, and Marks & Spencer scrapping its free biscuit offering, things have been uncharacteristically busy for this usually sleepy time of year. As a result, I wouldn’t [...]
Sextortion and bomb threats fuel rise in email scams July 30, 2019 The number of email extortion scams has spiked in recent months as cyber criminals increasingly use fabricated bomb and sex threats to dupe victims into handing over money. In a report published today, cybersecurity firm Symantec said it blocked almost 300m extortion scam emails from the start of the year until the end of May. [...]