Spain faces bigger problems than its bankrupt regions July 26, 2012 OVER the past week, the crisis in Spain has reached a critical level. Fortunately, thanks to hints of further European Central Bank (ECB) intervention from ECB President Mario Draghi yesterday, the situation has abated somewhat. Unfortunately, this relief will probably only be temporary – not only because Draghi’s comments are unlikely to be followed up [...]
Carnwath leaves Barclays as Del Missier gets £8.8m July 25, 2012 EMBATTLED bank Barclays suffered another significant loss yesterday as a third board member resigned in the wake of mounting turmoil following the devastating Libor scandal. Non-executive director Alison Carnwath left the bank after almost two years on the board citing time pressures, as she holds numerous other directorships across the City. Although she has not [...]
Green regrets HSBC failings but will stay on July 24, 2012 TRADE minister Lord Green yesterday admitted that he “regrets” HSBC’s failures in relation to alleged money laundering while he was in charge of the bank – but says he has no intention of resigning. As HSBC’s former chairman and chief executive, Green has come under pressure to explain what he knew about the company’s compliance procedures [...]
Wiggins completes magical Tour triumph July 22, 2012 LONDONER Bradley Wiggins declared “some dreams do come true” yesterday after completing his quest to become the first British man to win cycling’s greatest race, the Tour de France. On a joyous afternoon for Team Sky in Paris, Wiggins helped colleague and compatriot Mark Cavendish claim a fourth successive victory on the Champs-Elysees in the [...]
Wiggins senses historic victory and defends Froome conduct July 19, 2012 BRITAIN’S Bradley Wiggins refused to criticise Team Sky colleague Chris Froome for undermining him after taking a giant step towards becoming the first man from these shores to win the Tour de France. Wiggins tightened his grip on the yellow jersey with just three stages remaining, of which one is his favoured time trial, by [...]
Microsoft launches new Office July 18, 2012 Microsoft boasts that its Office software – which includes Word, Excel, Outlook and PowerPoint – is used by more than 1bn people. It is the company’s biggest revenue driver, bringing in an astonishing $15bn a year. Around 90 per cent of business PCs use it. And yet many people see the new version of Office, [...]
Wiggins: It’s a case of one day at a time July 18, 2012 BRITAIN’S Bradley Wiggins insists he is not yet contemplating victory in the Tour de France despite edging a day closer to an historical triumph. The Team Sky rider retains both the yellow jersey and a two minute, five second lead over second-placed team-mate Chris Froome after Europcar’s Thomas Voeckler won the Tour’s sixteenth stage in [...]
Sky’s Now TV launches to rival Netflix July 16, 2012 SKY launches its own internet television service Now TV today in an attempt to compete with film-streaming rivals Netflix and LoveFilm. The broadcasting giant, which is trying to reach the 13m British households without a paid TV subscription, will charge £15 a month for on-demand access to hundreds of movies, and offer a pay-per-view service [...]
Renters can’t afford to buy July 16, 2012 Prospective first time buyers in the UK are being squeezed out of the property market, according to a survey released yesterday. Over four in 10 (42 per cent) of renters are unable to save for a deposit, while just under a third (31 per cent) are spending over half their post-tax income on rent, the [...]
Wiggins: Froome would be my greatest rival on another team July 16, 2012 TEAM Sky’s Bradley Wiggins admits that the greatest threat to his ambitions of winning this year’s Tour de France would come from fellow Briton Chris Froome if he were on another team, Wiggins remains the Tour’s leader after the race’s 15th stage was won by Pierrick Fedrigo of France but if any concerns remain that [...]