Immigration white paper delayed until ‘the time is right’, says minister February 5, 2018 The government has been attacked for shelving its white paper on immigration, just weeks after it put off plans for similar work on financial services. Home Office minister Caroline Nokes today gave no clarification on when a paper would be published, saying only that it would be made public "in the coming months, when the [...]
Boss of British Airways owner IAG Willie Walsh urges end to delay on 10-year Chinese visas to boost post-Brexit ties January 29, 2018 Willie Walsh has written to home secretary Amber Rudd saying it needs to be easier for Chinese visitors to visit the UK, warning that Britain will miss out on the economic boost brought from Chinese investment and affluent tourists. The boss of British Airways parent firm IAG has urged the government to introduce a new [...]
GDPR spurs Facebook too publish “privacy principles” and education campaign January 29, 2018 Facebook is doubling down on a privacy drive with the publication of “principles” ahead of the roll out of tough new laws in Europe. The tech giant, which is currently under scrutiny over its reach and power, has for the first time explicitly outlined its stance on data privacy with seven key principles and the [...]
UK immigration: Number of European workers in the City of London hits highest level on record January 29, 2018 The number of European workers in the City has hit its highest level on record. Data from the Office for National Statistics, published by the City of London Corporation, shows nearly a fifth (18 per cent) of the City’s workers came from the European Economic Area (EEA) in 2016, the highest ever recorded. Read more: [...]
Markets roundup: Pound sterling rally hasn’t stopped the FTSE 100 from closing up January 26, 2018 London’s blue-chip index closed higher today despite a rally in the pound. The FTSE 100 index closed 0.6 per cent higher at 7,660.92 points. Meanwhile, the pound, which hit post-Brexit record highs week, got an extra boost against the dollar after UK GDP figures came in above expectations. The UK’s economy grew 0.5 per cent [...]
The digital nomads: How to pack a suitcase and start a new life working from abroad January 25, 2018 Who among us hasn’t dreamed of jacking in their day job to trade forex from a laptop in Malibu or open a beach bar in Thailand? You might have read The 4-Hour Work Week by Tim Ferriss and asked why you haven’t yet “escaped the nine-to-five to live anywhere and join the new rich”. I [...]
Facebook hires Jerome Pesenti, an expert from UK startup BenevolentAI, to lead its artificial intelligence efforts January 24, 2018 Facebook has poached a top scientist from a UK tech startup to lead its artificial intelligence efforts. Jerome Pesenti is leaving BenevolentAI – a startup using machine learning technology to discover new drug treatments for diseases like motor neuron disease – to take on Facebook’s top job in artificial intelligence research. Read more: Facebook’s promising [...]
UK employment figures hit record high as wages rise by 2.5 per cent January 24, 2018 UK employment surged to a record high of 32.2m people in work between September and November 2017, according to figures from the Office for National Statistics (ONS), pushing the pound up by 0.7 per cent against the dollar. The employment rate, which is the proportion of people aged from 16 to 64 who were in [...]
RBS is selling its London Bishopsgate headquarters in cost-cutting drive January 23, 2018 Royal Bank of Scotland (RBS), which is currently majority-owned by the UK government, is planning to flog its London headquarters post-2019 as it pushes ahead with an extreme cost-cutting drive. The bank will move out of the 280 Bishopsgate building back down the road to number 250, which it is planning to revamp later this [...]
Asset manager consolidation continues as Franklin Templeton swallows up Edinburgh Partners January 17, 2018 The big fish of the asset management world are continuing to hunt down their smaller rivals, as Franklin Templeton Investments today announced it is set to buy Edinburgh Partners. The Scottish asset manager, which currently manages around $10bn (£7.2bn), is speculated by market sources to have sold for a value in the region of £200m. [...]