Deutsche Bank’s woes signal the fall of the House of Merkel October 3, 2016 “And the deep and dank tarn closed silently over the fragments of the House of Usher.” – Edgar Allan Poe With mighty Deutsche Bank, the largest lender in Germany and symbol of the country’s economic might, in dire straits, Germans are belatedly waking up to the nightmarish reality that the supposedly masterly inactivity of their wildly [...]
Arsenal fans score victory after club ends payments to owner Stan Kroenke’s KSE business October 1, 2016 Arsenal supporters have scored a victory over owner Stan Kroenke after the club announced they are no longer paying an annual £3m to the American's company. Full details of Arenal's annual accounts for last season, sent to shareholders this week, reveal that the Premier League club did not pay for the "strategic and advisory services" from Kroenke Sports & Entertainment [...]
Merger of German luxury superyacht giants Blohm+Voss and Luerssen Group steams ahead September 28, 2016 Two of the world’s largest superyacht makers are set to merge after private equity group Star Capital agreed to sell German shipbuilder Blohm+Voss to fellow German boat specialist Luerssen Group. Star Capital bought the group of four Blohm+Voss businesses in 2011 from German steel major ThyssenKrupp and quickly offloaded two businesses, a marine components maker and [...]
The majority of banks plan to use blockchain in the next three years September 28, 2016 The majority of banks plan on using blockchain technology in the next three years, adopting it "dramatically faster than expected", but regulation was named as the biggest barrier by global institutions. Nearly two thirds expect to have blockchain solutions by 2019, while 15 per cent of the 200 banks surveyed by IBM and the Economist Intelligence Unit expect to have something up [...]
Chris Froome admits TUE rules are open to abuse and says riders must avoid ‘win at all costs’ approach September 27, 2016 Tour de France champion Chris Froome insists that it is the responsibility of riders themselves to ensure they are not bending rules on controversial therapeutic use exemptions (TUEs). Questions have been posed to Sir Bradley Wiggins and Team Sky after it emerged that he was granted a TUE for strong medication shortly before his historic [...]
How boutique architects Russian For Fish turned a damp terrace into a spectacular modern home September 27, 2016 This property in Kensal Green had been empty for a while when we were approached to work on it, and it was looking a bit sad. The couple that had bought it were both graphic designers and they had very specific ideas about what they wanted out of the renovation. The property was very typical [...]
Harry Kane’s scan results hand Tottenham and Mauricio Pochettino pre-Champions League boost September 26, 2016 Tottenham boss Mauricio Pochettino has been handed a major boost on the eve of his side’s crunch Champions League clash with CSKA Moscow after striker Harry Kane’s ankle injury was declared less serious than first feared. The 23-year-old hitman had been expected to be sidelined for up to eight weeks after suffering grade two ligament [...]
Sir Dave Brailsford defends Team Sky and Sir Bradley Wiggins over Therapeutic Use Exemption controversy September 26, 2016 Team Sky boss Sir Dave Brailsford insists they and rider Sir Bradley Wiggins have done nothing wrong amid the controversy over Therapeutic Use Exemptions (TUEs). Wiggins has said that a TUE which allowed him to take a powerful steroid days before his successful 2012 Tour de France campaign was a legitimate measure to combat an [...]
Julius Shulman: the photographer who helped to define LA September 26, 2016 Many architects have made their mark on a place, planting seeds of creation that go on to define a street or neighbourhood. A select few become synonymous with a certain style, or even an entire city. But not many shape the way people think about an entire state; Julius Shulman achieved just that without designing [...]
Oil industry spending expected to grow for the first time post-downturn September 26, 2016 Analysts reckon oil firms are ready to flash the cash for the first time since mid-2014. BMI Research said that the oil industry's capital expenditure will grow by 2.5 per cent year-on-year to $455bn (£351.80bn) in 2017. This marks the first annual growth since crude prices started plummeting just over two years ago. It will be [...]