Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Tech predictions for 2018: Drones, crypto, and the rise of the robots January 15, 2018 The pace of technological change can seem exciting and daunting in equal measure. 2017, while seeing continued financial growth in the tech sector, brought even more sharply into focus the challenges inherent with the inexorable march of progress. From Amazon to Uber, tech giants saw their practices and business models scrutinised more deeply than ever [...]
Gatwick just announced it had a record-breaking 2017 as passenger numbers near 46m January 12, 2018 Gatwick Airport rounded off a trio of records for London airports, announcing today it welcomed 45.6m passengers last year. It comes after both Heathrow and Stansted reported their best years to date yesterday. Gatwick had its busiest December on record, with 3.2m passengers travelling through the airport, up 1.5 per cent on the same time [...]
What Apple needs to do to become the world’s first trillion-dollar company January 11, 2018 It hasn’t exactly been a happy new year for Apple. The tech giant rang in 2018 apologising to customers for deliberately slowing the performance of older iPhone models in a bid to spur new purchases. And this week, Apple investors Jana Partners and CalSTRS – which together own about $2bn of the company’s stock – [...]
Facebook will take on Amazon Echo with smart home device Portal set for May launch January 10, 2018 Watch out Amazon, it looks like Facebook is about to muscle in on smart home territory. The social networking giant is poised to launch a device for chatting via video, according to a report, similar to Amazon’s Echo Show which is a smart speaker with a screen powered by the Alexa voice assistant. Read more: [...]
What the advertising industry should watch out for in 2018 January 3, 2018 We ask advertising bosses what’s in store for the year ahead. Alex Hesz, chief strategy officer, Adam&eveDDB In the era of fake news, advertising has emerged as an unlikely standard-bearer for scrutiny. We have long embraced the necessity of third-party regulation to verify what is fact and what is fantasy. Our job is to tell [...]
Are markets too complacent about the US economy? January 3, 2018 The status of the US as the world’s most dynamic and important single country economy remains intact, not least among investors. Its strengths are now very much reflected in financial market valuations. This is evident in stocks, with the US having been at the vanguard of a multi-year bull run, while bond yields have reached [...]
Donald Trump hits out at Amazon as he calls on US Post Office to hike prices December 29, 2017 Donald Trump has hit out at Amazon in a call on the “US Post Office” to raise prices. He seems to be referring to the US Postal Service, which he also claimed was becoming “dumber and poorer”. The US President made his remarks via Twitter, writing: “Why is the United States Post Office, which is [...]
Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg help boost world’s wealthiest by $1 trillion, Bloomberg billionaires index finds December 27, 2017 The world’s wealthiest people added a collective $1 trillion to their riches in 2017, with Amazon mogul Jeff Bezos making the greatest gains off the back of a standout year for the technology and retail giant. And the rich are getting richer, gaining four times more than they did in 2016, according to Bloomberg’s Billionaires [...]
Editor’s Notes: Predictions are for fools, but here are a few to mull over, may the bitcoin ride continue in 2018 and the best statistic of the year December 22, 2017 Winston Churchill once said “I always avoid prophesying beforehand because it is much better to prophesy after the event has already taken place.” Wise words, which were roundly ignored at a City lunch this week where we went around the table to offer our predictions for 2018. Contributions ranged from the sensible to the more [...]
City A.M.’s Devilishly Difficult 2017 Sports Quiz Part 2: The odd and business stories from the sporting year December 21, 2017 It has been another vintage year of sporting drama, from the triumphs of Anthony Joshua and Lewis Hamilton to the disappointments of England’s failed Ashes defence and Usain Bolt’s anticlimactic farewell. But as the dust settles on 2017, how much have you remembered about those defining moments, or the storylines playing out off the field, [...]