Lloyds Banking Group beats profit expectations in third quarter October 25, 2018 Lloyds Banking Group announced pre-tax profit of £1.8bn in the third quarter today, beating analyst expectations of £1.7bn. In the three months to 30 September revenue rose to £4.686bn from £4.62bn during the same quarter last year, while profit before tax dipped seven per cent to £1.8bn. Read more: Lloyds and Schroders sign £80bn joint [...]
Norwegian trader default drags on Nasdaq profits October 24, 2018 Exchanges operator Nasdaq posted a 4.1 per cent third quarter loss as it absorbed an $8m (£6.2m) loss sparked by the collapse of a Norwegian trader. The New York-headquartered trading exchange, which is the largest conduit for physical energy market futures in the Nordic region, was hit when Einar Aas, a private trader, defaulted after his [...]
Secret Service intercepts suspicious packages sent to Obama and Clinton as CNN offices evacuated October 24, 2018 US Vice President Mike Pence has blasted "cowardly" attacks as a series of bombs were sent to prominent Democrats and a US news organisation, in an apparent act of terrorism. The Secret Service said it had intercepted two bombs addressed to the homes of former president Barack Obama and 2016 presidential nominee Hillary Clinton. The Florida [...]
Deutsche Bank profits beat expectations but investment banking slides October 24, 2018 Deutsche Bank posted a faltering set of numbers this morning, experiencing falls in its corporate and investment bank as well as a drop in profit that still beat expectations. The figures Pre-tax profit plunged 46 per cent to €506m (£447m) year-on-year for the bank’s third quarter, it revealed today. However, these still surpassed analyst expectations [...]
Turkey’s Erdogan accuses Saudi agents of killing missing journalist October 23, 2018 Turkish president Recep Tayyip Erdogan today accused Saudi Arabian agents of the “premeditated” killing of journalist Jamal Khashoggi. Khashoggi was last seen alive entering the Saudi Arabian consulate in Istanbul on 2 October. Read more: Softbank operations boss to pull out of Saudi investment conference Several groups of Saudi intelligence officers had arrived in the [...]
World leaders push back against Saudi account of journalist’s death October 21, 2018 The backlash against Saudi Arabia over the death of Jamal Khashoggi stepped up again yesterday, with world leaders uniting to condemn the Gulf kingdom’s claims that the journalist and critic died in a “fist fight” at its consulate in Istanbul. German chancellor Angela Merkel described Khashoggi’s killing as “horrific”, saying events “still haven’t been cleared [...]
Saudi Arabia admits missing journalist Jamal Khashoggi was killed at its consulate October 20, 2018 Saudi Arabia admitted yesterday that missing journalist Jamal Khashoggi was killed at its Istanbul consulate, but claims he died in a fight. The admission follows two weeks of denials from Saudi Arabia that it was involved in the dissident journalist’s disappearance, despite CCTV footage showing Khashoggi entering the embassy and claims from Turkish authorities that they had [...]
Singapore Prime Minister says EU-Singapore trade deal could be extended to UK post-Brexit October 19, 2018 Singapore’s Prime Minister Lee Hsien Loong said today he would be prepared to extend the terms of Singapore’s recently agreed trade with the European Union to the UK. “We hope we will be able to continue arrangements with Britain whether or not it is inside the EU… And then we have time to work some [...]
Whitehall’s move to Canary Wharf should inspire us towards a smaller, smarter state October 18, 2018 Moore's Law is an observable rule that has held broadly true since the mid-1960s. Named after the co-founder of Intel, it argues that every two years the number of transistors on a microchip will double at the same time that costs halve. In the real world, this has meant phones, cameras, and computers that are now [...]
Stocking up: Elon Musk to buy $20m in Tesla shares as manufacturing boss resigns October 17, 2018 Tesla chief executive Elon Musk will buy $20m (£15.2m) of Tesla stock in the next open trading session, a filing revealed today, after a judge approved the firm's settlement deal with the US securities watchdog. The filing said the share purchase will be "separate and apart from the settlement", which saw both Tesla and Elon Musk be fined [...]