Emergency rate productivity hit was worth it to save 1.5m jobs, says Bank of England chief economist Andy Haldane March 20, 2017 Slashing interest rates in the aftermath of the financial crisis has saved 1.5m jobs, the Bank of England's chief economist said today. Speaking at the London School of Economics, Andy Haldane noted, while the ultra low interest rate environment had hampered productivity, it was worth it to keep over a million people in work compared with a [...]
Marks and Spencer pulls advertising from Google over extremist content March 20, 2017 Marks and Spencer has become the latest firm to pull its advertising from Google after reports that it has been allowing adverts for UK companies to appear on extremist websites. A recent investigation by the Times showed that UK advertisements, from the likes of Sainsbury's, RBS and the UK government, have been posted on YouTube [...]
Now banks have pulled their Google ad spend as Royal Bank of Scotland, HSBC and Lloyds pile on pressure March 20, 2017 Google is facing growing pressure over claims it's profiting from hate speech as some of Britain's biggest banks are the latest to pull their ads from YouTube. Royal Bank of Scotland, HSBC and Lloyds have suspended their advertising with the tech giant following an investigation which revealed household brand names were appearing next to offensive and extremist [...]
Government pulls YouTube ads after investigation into taxpayers funding extremism March 17, 2017 The government has pulled its adverts from YouTube after an investigation said taxpayers are funding extremist videos online. Someone who posts a video on YouTube generally gets $7.60 (£6.14) for every 1,000 advert views it generates, meaning that YouTubers from even the darkest corners of the internet may be profiting from adverts for the Financial Conduct Authority, Sainsbury's, and [...]
Walkie Talkie sale: Why a foreign buyer for 20 Fenchurch Street would be no bad thing March 17, 2017 Few eyebrows were raised when it emerged a 50 per cent stake in 20 Fenchurch Street, better known as the Walkie Talkie, may be about to go up for sale. The news came a few weeks after its neighbour, the Cheesegrater, was sold for £1.15bn, so you can forgive the Walkie Talkie’s owners for asking [...]
Chaos on the Tube ahead of rush hour this evening with severe delays on the Hammersmith & City, District, Circle, Piccadilly and Victoria lines. March 16, 2017 There is severe disruption across London's underground network this afternoon, with severe delays on the Hammersmith & City, District, Circle, Piccadilly and Victoria lines. The Hammersmith & City, District and Circle line services have been affected by an accident at Shepherd's Bush Market station earlier today, in which a man died after being struck by a [...]
Vodafone share price rises on reports it has reignited merger talks with Virgin Media owner Liberty Global March 16, 2017 Vodafone's share price rose over 1.5 per per cent following reports it had rebooted talks with Liberty Global to thrash out a deal that will shake up the British and German operations of the two telecoms giants. Company sources told technology publication The Register that Liberty Global, which owns Virgin Media, will create a joint venture with Vodafone's [...]
London has attracted a tech fund led by Saudi Aramco, BP and other oil majors looking to collaborate and innovate March 15, 2017 A $1bn (£818.8m) energy fund backed by Saudi Aramco, BP and eight other global oil majors will make London its home in a new vote of confidence for the City post-Brexit. Oil and Gas Climate Initiative's (OGCI) Climate Investments fund aims to invest in and accelerate the commercial development of new emissions-reducing technology. It first announced its plan to push £1bn over [...]
Yahoo hack: US Justice Department files charges against Russian spies in connection with cyber breach March 15, 2017 US authorities have filed charges against Russian intelligence officials in connection with a massive hack of data from Yahoo in 2014. The US Justice Department (DOJ) has indicted four defendants, including two officers of the Russian Federal Security Service (FSB), for "computer hacking, economic espionage and other criminal offenses in connection with a conspiracy, beginning in January [...]
Robert Walters thankful for overseas operations as it posts record revenue figures but warns on uncertain environment March 15, 2017 Headhunter and outsourcing firm Robert Walters today posted record revenues but warned of an "unpredictable geopolitical environment". Shares rose over one per cent in early trading, with the figures boosted by currency gains from its overseas operations. The figures Revenues grew to £999m, up 23 per cent from £813m in 2015 with gross profit up 19 per [...]