ECB headquarters to cost €1.2bn September 20, 2012 ■ The European Central Bank (ECB) admitted yesterday that the cost of building its new headquarters will come in at €200m more than expected. The central bank’s new skyscraper, which will soar 185 metres into the Frankfurt sky, was estimated to cost €850m in 2005. But yesterday the ECB admitted to another €200m in costs, [...]
BSkyB is a “fit and proper” broadcaster September 20, 2012 BSkyB is “fit and proper” to hold a broadcasting licence, watchdog Ofcom said today. The watchdog launched an investigation last year after allegations of phone hacking at BskyB’s biggest shareholder News Corp. The investigation by Ofcom, which has clashed repeatedly with BSkyB in the past, had hung over the hugely successful group and raised the [...]
Poor week for Brits continues as illness forces Armitstead out September 19, 2012 LONDON 2012 Olympic silver medal-winning cyclist Lizzie Armitstead has been forced to withdraw from Britain’s team for Saturday’s road race at the World Championships in Holland. Armitstead had been poised to lead the six-person squad, but her illness means Nicole Cooke is expected to be the focal point of a team with one competitor fewer [...]
Britain’s Pooley just pipped to bronze in road time trial September 19, 2012 BRITISH cyclist Emma Pooley missed out on a medal by an agonising nine seconds in yesterday’s women’s individual time trial at the Road World Championships in Holland. Pooley, who won the title in 2010 and helped AA Drink-Leontien.nl win bronze in Sunday’s team time trial, finished fourth in Limburg. Fellow Briton Wendy Houvenaghel ended 14th [...]
A humanities education is the best preparation for a life of leadership September 18, 2012 THERE will always be a need for higher education to produce the experts essential to advanced economies. Scientists, engineers, doctors and lawyers are indispensable, and universities will always train them because there will always be the resources for training them. However, there is a curious blindness to the equally great need in our complex societies [...]
Twenty-four carat case for gold September 18, 2012 AS WARREN Buffett famously said: “You can’t eat gold.” But US dollars are not particularly nutritious either and neither are pounds sterling. However, the amount of food you can buy with your gold is steadily increasing, and has been for the last decade; whereas what you can buy with a wallet full of fiat currency [...]
Foreign truckers will be forced to pay to use roads in Britain September 17, 2012 FOREIGN truckers will be forced to pay to use British roads, under plans confirmed by the new transport secretary yesterday. Patrick McLoughlin said the measure is designed to redress the balance for UK hauliers, who must pay levies to drive through Europe. He told Sky News yesterday that “our companies are charged when they drive [...]
Transport minister affirms air plan September 16, 2012 THE NEW transport secretary yesterday insisted there will be no expansion at Heathrow during the current parliament. Patrick McLoughlin recently replaced Justine Greening, a vociferous opponent of a third Heathrow runway, and his appointment sparked talk of an imminent government U-turn. But McLoughlin repeated the coalition’s commitment to not work on expanding the close-tocapacity airport [...]
Euphoria of Federal Reserve boost waning as market fatigue creeps in September 16, 2012 COMPARING the Federal Reserve to a rehab clinic offering addicted investors a synthetic high has been a favourite of Wall Street wags ever since the first round of Fed stimulus nearly four years ago. The punch line is that you always need more and more to get the same high and each bout of euphoria [...]
Brit double for Tiernan-Locke and Cavendish September 16, 2012 DEVONIAN Jonathan Tiernan-Locke looks poised to complete a move to Team Sky this week after becoming the first homegrown winner of the Tour of Britain for 20 years yesterday in Surrey. Tiernan-Locke finished in the main pack to preserve his 18-second lead as fellow Briton Mark Cavendish, who is set to leave Team Sky, sprinted [...]