Wealthy Russians are pushing up London rental prices by paying an entire year’s rent upfront – as stamp duty and the mansion tax scare buyers into becoming tenants March 30, 2015 Wealthy tenants from Russia, Ukraine, Nigeria and China are pushing up high-end rents in the capital by paying for an entire year of tenancy upfront, a new study has suggested. Upmarket lettings agency EJ Harris said the number of wealthy foreign investors paying annual rents upfront has doubled in the past year, from one in [...]
Jeremy Clarkson’s ousting, Britain enters “noflation”: What got us talking this week March 27, 2015 It was a week of departures: Jeremy Clarkson was finally ousted by the Beeb (he’s now 16/1 to stand for Ukip), Zayn Malik caused untold pain among teenage girls (and a certain amount of glee at Spotify, which capitalised from a “sadness spike”) when he announced his departure from One Direction, and ITV bosses revealed [...]
Budget, oil rig count and Nigerian GDP: Here’s our world view March 26, 2015 Rising debt, capital outflows and falling commodity prices – we highlight the numbers that matter from around the globe NORTH AMERICA 268 the number of rigs drilling for shale gas in the week ending 6 March 2015, down from 1,606 in the summer of 2008. And yet US gas production has continued to rise. Baker [...]
Russia proposes trans-Siberian super highway linking to the US March 25, 2015 RUSSIA has unveiled proposals for a superhighway rolling all the way from London across to the US. The Trans-Eurasian belt Development, proposed by Vladimir Yakunin who is head of the Russian Railways, would be the first modern route to run across Russia, linking to systems in Europe and Asia. This would mean Brits could be [...]
Russia plans superhighway linking Britain to the United States March 25, 2015 Russia has unveiled proposals for a superhighway rolling all the way from London across to the United States. The Trans-Eurasian belt Development, put forward by Vladimir Yakunin who is head of the Russian Railways, would be the first modern route to run across Russia, and then linking to systems in Western Europe and Asia. This would means Brits [...]
Kiev’s tough finance chief Natalie Jaresko puts her case to the world March 24, 2015 “I am facing very different challenges to those he faces,” says the Ukrainian finance minister hours after meeting George Osborne, the UK chancellor. Natalie Jaresko is in the middle of a whistlestop tour of London and New York, during which she hopes to put her case to her war-torn country’s creditors and also to enlist [...]
Return of the photo maestro: Elliott Erwitt comes back to London March 23, 2015 Elliott Erwitt bore witness to some of the 20th century’s most important events. He photographed Marylin Monroe, Jack Kerouac and Che Guevera. He was present at President Kennedy’s funeral and on the set of numerous classic movies during the 50s and 60s. But he’s equally well known for his photographs of ordinary people. Some of [...]
Eon prepares to quit struggling North Sea with sale of oil assets March 23, 2015 GERMAN energy provider Eon has become to the latest major company to move away from the North Sea, as it prepares to sell off its assets in the region. The company is reported to have appointed Bank of America Merrill Lynch to look for buyers. The group reported a €3.2bn (£2.3bn) loss for 2014 earlier [...]
Russia warns Denmark of a nuclear strike March 23, 2015 RUSSIA has warned Denmark of a nuclear strike on its warships if the Scandinavian country joins Nato’s missile defence shield. The Russian ambassador to Denmark Mikhail Vanin issued the dramatic threat in an opinion piece published in the Danish daily newspaper Jyllands-Posten. Vanin wrote that Denmark had not comprehended the consequences of joining the Western [...]
Russia warns Denmark of nuclear threat if it joins Nato missile defence shield March 22, 2015 Russia has warned Denmark of a nuclear strike on its warships if the Scandinavian country joins Nato’s missile defence shield. The Russian ambassador to Denmark Mikhail Vanin issued the dramatic threat in an opinion piece published in the Danish daily newspaper Jyllands-Posten. Vanin wrote that Denmark had not comprehended the consequences of joining the [...]