Deutsche kicks off charity fund September 15, 2009 DEUTSCHE Bank has become the first investor in a new venture philanthropy fund to tackle poverty in London. The London Fund, set to be managed by venture philanthropy firm Impetus Trust, is now calling for investment from other City firms to boost its initial value of £1.3m. It is promising a more strategic approach to [...]
Back in the real world: how the rest of the country is coping a year on September 14, 2009 LET ME tell you about two pieces of writing. The first, a sign in an independent wine shop in an expensive part of London which I regularly cycle past on my way to work. It reads: “Just because we’re in recession doesn’t mean we have to drink bad wine.” The second is a piece of [...]
Gieve astounded by US inaction September 13, 2009 The former deputy governor of the Bank of England said he was “astounded” the US government let Lehman Brothers go under, and that the bank’s collapse marked a clear moment when people lost confidence in the markets.Sir John Gieve said in an interview with Sky News yesterday he had fully expected US authorities to step [...]
Asia’s largest airline is US rivals’ target September 13, 2009 DELTA Air Lines and American Airlines, the world’s two largest carriers, are said to be considering making rival bids for a stake in Japan Airlines (JAL). Asia’s largest airline by revenue recently posted quarterly losses of 99bn yen (£654m), and is 721bn yen in debt. Despite cutting jobs and unprofitable routes, JAL is still in [...]
Let’s help UK economy by reining in our jealousy September 13, 2009 Jealousy is the tribute mediocrity pays to genius, according to Fulton J Sheen. Now whilst it is hard to argue that there is much genius in a financial community that a year ago brought us to the brink of global financial meltdown, it is important to not let our jealousy get in the way of [...]
Man United have to be opposed at the Lane September 10, 2009 TOTTENHAM HOTSPUR vs. MANCHESTER UNITEDTOMORROW 5.30PM, ESPN HARRY REDKNAPP will be delighted with his team’s start to the season and Spurs fans are already dreaming of a Champions League spot. They have been on fire at home recently, winning all of their last eight league matches – including games against Liverpool and Chelsea – whilst [...]
Elite riders set to take on the Tour September 10, 2009 MANY of the world’s top teams and riders begin their assault on the great British countryside tomorrow for the start of the 2009 Tour of Britain.A plethora of world, Olympic and Tour de France champions go head-to-head to compete in the biggest professional cycle race held in the UK.The Tour once again takes the 96 [...]
SPORT IN BRIEF September 9, 2009 Durham close in on second titleCRICKET: Durham closed in on a second successive LV County Championship division one title yesterday after making a flying start in their crunch match with closest rivals Nottinghamshire. Durham need just 11 points to win the title with two matches to spare. Michael Di Venuto smashed a magnificent unbeaten 219 [...]
Murdoch plans internal wire service to increase NewsCorp’s content sharing September 7, 2009 RUPERT Murdoch’s News Corporation is planning to launch a newswire service that will give all parts of its global network immediate access to all its stories and videos. The new service will be called NewsCore and will collate all of the media giant’s news stories, satellite feeds and web content for instant access by News [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 7, 2009 FINANCIAL TIMES ZURICH CHIEF BACKS EU SOLVENCY RULESThe head of Zurich Financial Services, one of the world’s biggest insurance companies, has broken ranks to criticise industry rivals for lobbying against European plans to increase insurers’ financial strength. James Schiro, Zurich chief executive, said the fierce industry “pushback” against proposed new solvency rules for insurers was [...]