The Juno probe has begun its scientific orbit around Jupiter: We speak to the man who helped build it about the challenges of reaching the red giant September 5, 2016 As the Juno space probe approached Jupiter, the massive gravitational pull of our solar system’s largest planet accelerated the craft to a speed of 265,000km/h. That made it the fastest man-made object in history. At its top speed, Juno could travel from Brighton to Aberdeen in under ten seconds. Juno gathered speed by slingshotting around the [...]
China’s balancing act is the biggest risk to the world economy as inflation data shows prices still off target May 10, 2016 China’s economic rebalancing is the biggest threat to the global economy, the ratings agency Fitch has said, warning that a “hard landing” would trigger ripple effects around the world. The difficulties associated with shifting the world’s second largest economy from a reliance on investment towards consumption are “sharpening” according to Fitch, as authorities face the [...]
Skyscanner acquired by Chinese travel giant Ctrip in a £1.4 billion deal September 19, 2016 Edinburgh-based travel search company Skyscanner has been acquired by Chinese travel giant Ctrip in a £1.4 billion deal. Ctrip, a Chinese online travel agent, claims two thirds share of the market in China. Headquartered in Shanghai, it was founded in 1999 and began life as a review site, then branched to hotel business and across [...]
The Shard inches closer to being filled after confirming second letting for 2016, with digital marketing agency Jellyfish due to move into level 22 soon March 2, 2016 One of the most iconic buildings on London's skyline inches closer to being filled today, after The Shard signed its second letting for the year. Digital marketing agency Jellyfish will later this year move its headquarters into a 9,017 sq ft office space on level 22 of the building near to London Bridge from its current base [...]
The first 100 days: What the new mayor of London needs to do to hit the ground running May 6, 2016 By the time today’s edition of City A.M. hits the streets, Londoners will have voted for their new mayor. With no overnight count, we are in a tantalising no-man’s land between the polling stations closing and the results being announced. By any measure the mayor’s in-tray is going to be full. From housing to transport, new [...]
Heading for Silicon Valley? Having a degree pays in the tech industry March 31, 2016 The likes of Bill Gates, Steve Jobs, and Mark Zuckerberg may have managed to build their sprawling tech empires without one, but most people who want to work in Silicon Valley will need a degree – and they'll be paid more for it too. That's according to research released this week by jobs market analytics company Burning Glass Technologies which [...]
London housing commission calls for devolution to solve chronic lack of house building March 7, 2016 Local authorities need to be given more oversight of house building in the capital if London is to accommodate its growing population, the London housing commission said today. In return for greater powers over borrowing, property taxes and planning, the Mayor and boroughs would have to make a joint commitment to deliver significantly higher numbers [...]
Cautious UK companies begin belt-tightening as business investment stutters in the face of oil price crash and fears of Brexit March 31, 2016 British firms may be battening down the hatches and trimming back on business investment in the face of global turmoil and the Brexit referendum, according to statistics released this morning. Official figures showed that the amount invested by firms into new assets like buildings, machines, equipment, and intellectual property, slipped by two per cent in [...]
Britain’s challenger banks had a bumper 2015 – but now they’re facing the challenges of scale May 4, 2016 Amid the misery and bad news associated with UK banks since the crisis, one of the positive rays of light has been the challenger banks. They have grown quickly, with several listing last year as the sector continues to attract both customer and investor interest. The challengers have also long been feted by politicians as [...]
Why Build to Rent is the answer to London’s housing shortage April 14, 2016 Every week, City A.M. invites an industry professional to write about an emerging trend in the property market. Build to Rent represents a new way of living at a time when people are struggling with affordability and poor rental accommodation. And it could be the answer to the UK’s housing shortage providing large numbers of [...]