International students splash out £600m in rent on flats in London September 8, 2015 London’s international student population is contributing £600m in rent to the capital, new research shows, with some of the wealthiest students spending three times the average UK worker on their home. The student property sector has boomed in recent years thanks to rising student numbers and an undersupply of flats to house them, with UK [...]
Russia is not interested in joining Opec September 7, 2015 Russia has no plans to join the Organisation of Petroleum Exporting Countries (Opec), an oil-producing cartel of mostly Middle Eastern countries, according the to boss of a major Russian energy company. “Opec has lost its influence as a key market regulator, [there’s] no interest for Russia to join,” said Igor Sechin, chief executive of state-owned [...]
PMIs: Services boost in Germany and Spain as Russia and France falter September 3, 2015 Germany and Spain's services industries appear increasingly healthy, after both countries posted better-than-expected purchasing managers' index (PMI) figures for August this morning – but things are looking less rosy for France and Russia. Germany experienced its strongest rise in business activity since March, with the services business activity index rising to 54.9 in August, [...]
Should you invest in emerging markets? From Turkey to India, opportunities abound across the developing world September 2, 2015 From China to Brazil and a few places in between, investment in emerging markets has seemed a grim endeavour lately. But the outlook for some countries looks good, and for patient investors the rewards could be great. Read on for the two main reasons for investing in emerging markets right now, and the best [...]
Black Cabs are offering cut-price off-peak fares to take on Uber September 2, 2015 London’s Black Cabs have launched a fightback against Uber and other app-based taxi services by offering cut-price, off-peak fares for journeys over six miles. The new prices will be up to 30 per cent lower than metered fares and can be booked through an app from Gett, an Israeli startup backed by Russia-born billionaire Len [...]
US Open 2015: Konta’s surge in form continues as Robson suffers exit September 2, 2015 British No2 Jo Konta continued her mesmerising form by thrashing American wildcard Louisa Chirico in the first round of the US Open at Flushing Meadows yesterday. World No97 Konta, who came through three rounds of qualifying, wasted little time in dispatching Chirico 6-3, 6-0 to record only the second grand slam victory of her career, [...]
Falling milk prices piles pressure on Arla farmers as revenues drop August 31, 2015 ARLA Foods has blamed the global decline in milk prices and volatile market conditions for a drop in revenues in the first half of the year. The Danish-based dairy giant behind brands including Lurpak, Castello and Arla, said total revenue dropped 3.8 per cent to €5.13bn (£3.73bn) in the first half from €5.33bn compared with [...]
Nuclear deal won’t hinder Iran’s military capabilities, says President Hassan Rouhani August 29, 2015 Iran's military capability is no weaker as a result of signing a nuclear deal with western nations, President Hassan Rouhani said on Iranian state television today. Read more: Royal Dutch Shell opens talks with Iran by promising $2bn debt repayment In response to criticism from some Iranian hardliners that he bowed down too easily [...]
Mourinho and Arsenal set to face familiar foes August 28, 2015 CHELSEA manager Jose Mourinho faces a reunion with the club where he made his name after his team were grouped with Porto on a day of mixed fortunes for English clubs in the Champions League draw. The Blues will also meet Ukrainian title winners Dynamo Kiev – a fixture that necessitates a 2,600-mile round trip [...]
The shale gas revolution will be good for all of Britain – if we embrace it now August 27, 2015 The shale gas debate has been heating up over the past few weeks with two positive announcements from the government. Planning permission will be streamlined and new exploration licenses have been awarded, of which INEOS has won three to add to the 11 we already hold. Obviously, this is fantastic news for INEOS, [...]