Revealed: Virgin billionaire Richard Branson on”Concorde 2″ supersonic travel, rival Elon Musk’s SpaceX and Hyperloop plans February 14, 2018 Could we see a new Concorde take to the skies? Billionaire entrepreneur Sir Richard Branson thinks so. The man behind the Virgin empire has said that a new era of supersonic travel is about to take off. “The next big thing, hopefully in my lifetime, will be supersonic travel coming back and people travelling around [...]
Brent crude and West Texas Intermediate (WTI) oil prices fall on rising US stockpiles February 14, 2018 Oil prices have fallen this morning as US production growth undermines the Organisation of Petroleum Exporting Countries’ (Opec) efforts to bring the market back into balance. The American Petroleum Institute (API) yesterday said US crude inventories had swelled by 3.9m barrels in the week to 9 February to 422.4m. Official data from the Energy Information [...]
TLA’s Russ Shaw is fortifying London’s position as a global tech powerhouse February 12, 2018 With a discernibly American twang, tainted softly-British, New York-born Russ Shaw is, perhaps, not who one might expect as London’s tech cheerleader on the world stage. Although, perhaps his being here is testament to exactly why the capital, a hotchpotch of international talent and innovation, is worth shouting about so loudly. He’s the founder of [...]
Fifa has netted a fifth Chinese sponsor for the 2018 World Cup February 8, 2018 Fifa has netted a fifth Chinese sponsor for the 2018 World Cup in Russia, despite the country’s national team not qualifying for the tournament. Football’s governing body has named electric transportation firm Yadea as a regional supporter for this summer’s event. Yadea joins fellow Chinese companies China Mengniu Dairy, electronics firm Hisense, smartphone brand Vivo [...]
S&P 500’s 4% fall: How the US stock market has performed after big one day losses February 6, 2018 The US stock market falls this week will have understandably unnerved investors the world over. The S&P 500 fell 4.1 per cent on Monday, the largest one day fall since August 2011, when markets feared contagion from the European sovereign debt crisis. Today, the concerns are less profound and actually stem from a bright economic [...]
The UK must not get left behind by China’s rise as a new superpower February 5, 2018 Last week, the Prime Minister visited China, a country set to have the largest economy on Earth by 2030. Its rapid growth is expected to continue for another generation. In 2016, foreign direct investment from China reached $180bn – a striking figure when compared with 2002, when it totalled less than $5bn. The sophistication of [...]
Pyeongchang 2018 Winter Olympics plunged into doping row just days before start after 28 Russian athletes have bans overturned February 1, 2018 Olympic chiefs have warned that the fight against doping has been gravely undermined just days before the Winter Games, following a controversial ruling handing dozens of Russian athletes a reprieve. The Court of Arbitration for Sport (Cas) on Thursday overturned the life bans of 28 Russians accused of doping at the last Winter Olympics in [...]
What could make oil prices hit $100? January 25, 2018 If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: The consultancy expects crude demand this year to grow by 1.7 million bpd, and says Brent could touch above $100 a barrel in 2019. According to Energy Aspects, the reason [...]
Brent crude oil price hits $71 a barrel for the first time since 2014 January 25, 2018 The price of Brent crude oil broke the $71 per barrel level today for the first time since 2014 after US crude inventories fell for the 10th week in a row and the US dollar weakened. Brent crude, the international benchmark, was trading up 0.47 per cent at $70.86 a barrel at the time of [...]
A rare moment of Brexit brightness from the Great Remainer January 23, 2018 The man who first coined the term BRICs – the economics sage Jim O’Neill – has just passed a surprisingly upbeat judgment on the economic impact of Brexit. Lord O’Neill, the former head of Goldman Sachs Asset Management, was a leading voice in the 2016 Remain campaign. The man who first identified Brazil, Russia, India [...]