Panama Papers: Here’s what you need to know ahead of the database release on Monday May 8, 2016 A database packed with information from the Panama Papers leak is due to be released tomorrow, providing authorities worldwide with potentially valuable leads for their investigations. The International Consortium of Investigative Journalists (ICIJ) announced that it would be launching the searchable database about a fortnight ago and wrote in a blog post that the database will contain information [...]
How the US passport rule changes affect you, and what you can do about it May 6, 2016 While we were all preoccupied by the elections – both over here and across the pond – the US government only went and made a crucial change to its passport rules. As of 1 April 2016, those travelling from the UK to the US who don't want to apply for a visa because they'll only [...]
MBA vs PhD: Which postgraduate degree will push up your salary more? May 6, 2016 The idea of taking a career break in order to do a postgraduate degree may be pretty enticing – but will it actually be worth it? And if you do, is it better to do an MBA – or is a PhD a more worth it? Salary benchmarking site Emolument.com has pitted MBAs against PhDs. Spoiler: [...]
Netflix and kill: Digital movie sales overtake DVDs for the first time May 6, 2016 It's official: the DVD is dead. Ok, not quite yet, but we're about to pass a milestone that puts ye olde digital versatile disc firmly in the rear view mirror as the world drives towards a future filled with film streaming. Call it the Netflix effect, but consumers in Britain will spend more of their cash on streaming and downloading films and [...]
News Corp posts third quarter revenue fall as profits were hit by one-off charge and continuing lower advertising sales May 5, 2016 Global media behemoth News Corp posted a revenue fall in its third quarter results on Thursday, as profits were hit by a one-off charge and low print advertising sales continued to decline. The figures The owner of The Sun, The Times and the Wall Street Journal said its revenues had declined 7.3 per cent to $1.89bn (£1.3bn) in [...]
Read all about it: More blows traded as USA Today publisher Gannett tries to take over its rival May 5, 2016 Numerous blows have been traded between two US newspaper publishers as one seeks to take over the other. USA Today publisher Gannett today reiterated its call for shareholders of Tribune to pressure its board into considering an $815m (£556m) offer. Gannett, which also owns UK regional newspaper publisher Newsquest, made the takeover bid for Tribune, publisher [...]
As sun sets on New Day, online-only Independent offers some more positive media news – a doubled digital operation size May 5, 2016 It's not all bad news for the media today. Trinity Mirror confirmed the closure of its New Day newspaper after just over two months this morning. The publisher also revealed its group revenue fell by 9.3 per cent in a "volatile" market for print advertising. But the Independent, which closed its print edition earlier this [...]
London mayoral election: Here’s who’s winning on Twitter May 5, 2016 As Londoners head to the polls, it'll be another day until we find out the winner, but there's already one Boris replacement on social media – when it comes to mentions, at least. It's Labour candidate Sadiq Khan who's the most talked about on Twitter for the last seven days, and since the very start of the year, ahead of rival [...]
Libor latest: One person has donated £5,000 to Tom Hayes’ crowdfunding campaign May 5, 2016 Tom Hayes' crowdfunding campaign to raise money for his legal fees has started to gather pace, with one anonymous individual parting with £5,000 for the cause. The crowdfunding campaign, which is being hosted on Fundrazr and was set up to raise funds for Hayes' appeal to the Criminal Cases Review Commission (CCRC), has now raised almost £10,000 since [...]
London fintech star Azimo lands millions from Rakuten May 5, 2016 More money is pouring into London fintech as one of its star startups has landed new investment from Japan's biggest ecommerce firm Rakuten, among others. Digital money transfer firm Azimo has raised $15m (£10.3M) in a new round, bringing its total investment to $47m. The new cash will be used to fuel expansion in Asia. “We serve a growing community of hardworking migrants who are [...]