Mayor of London Sadiq Khan would like to “educate” Republican presidential nominee Donald Trump May 13, 2016 The saga between Donald Trump and Sadiq Khan continues. The newly-elected Mayor of London has now said that he would welcome the presumptive Republican presidential nominee to London to "educate" him on Islam and its compatibility with Western values. Speaking to NBC, Khan again said Trump's views on Islam were "ignorant" and that he's "inadvertently [...]
MPs warn that not enough is being done to protect consumers from mis-selling, and that the recently introduced pensions freedoms could spark a whole new scandal May 13, 2016 MPs are warning that the next financial scandal could be on the horizon, as too little is being done to address the cultural aspects that lead to wrongdoings, such as payment protection insurance (PPI) mis-selling, while a landmark pensions change has created new opportunities for such behaviours to flourish. A report released today by the Public Accounts Committee (PAC) [...]
Donald Trump Vs Sadiq Khan: Billionaire appears to back down on Muslim ban following response from Mayor of London May 12, 2016 Republican presidential candidate Donald Trump appears to have backed down on his blanket ban on Muslims entering America after comments by Mayor of London Sadiq Khan. Trump told Fox News that the ban was "just a suggestion" (though it didn't seem like that at the time), after Khan said that Trump's view of Islam was [...]
Grexit odds shorten as potential debt relief deal brings the bailout saga back into the headlines May 10, 2016 Greece may have edged closer to a deal with its creditors for debt relief, but the troubled Eurozone nation is not out of the woods yet, as bookies say there is a decent chance it could be kicked out of the single currency bloc. Yesterday, Greece's parliament passed controversial proposals to reform its pensions and tax [...]
China’s drowning in debt, defaults are rising and investors have turned bearish as corporates must pay back billions this year May 10, 2016 China's massive debt levels have started to spook investors. The country’s corporate borrowers face a record $571bn of debt that’s due to mature this year, according to figures from Bloomberg. That’s cash they’ll either have to pay back or refinance. Too bad, then, that sentiment towards local debt has begun to sour. There has been a [...]
RBS’s share price drops as losses widen more than expected to £968m April 29, 2016 Losses at Royal Bank of Scotland have widened more than expected in the first quarter of 2016, as the bank confirmed it will have to consider alternatives for its plan to offload William & Glyn. Shares dropped by more than two per cent to 239p in response to the news. The figures RBS made an attributable [...]
London Stock Exchange revenues up eight per cent as it steps up battle to force through Deutsche Boerse merger April 27, 2016 The London Stock Exchange (LSE) has posted a strong set of first quarter results as it ramps up its fight to secure the multi-billion pound merger with Deutsche Boerse (DB). LSE Chairman, Donald Brydon, hit back at critics of the deal in a fiery exchange with shareholders as the results were announced: "We wouldn't be embarking [...]
Is Sir Philip Green being unfairly criticised over the collapse of BHS – and its £571m pensions black hole? April 27, 2016 Tim Worstall, senior fellow of the Adam Smith Institute, says Yes. It’s not difficult to believe that Sir Philip Green is being unfairly treated over the BHS saga. The unedifying sight of the British establishment sneering at the loudmouth Jew in the clothing trade is an unwelcome return to social habits we rather hoped we had [...]
Don’t let Boaty McBoatface put you off: The lessons to learn around crowdsourcing content April 25, 2016 Unless you were hiding under a rock last week, you will be aware that a certain boat, due to be named Boaty McBoatface, has caught the media’s attention again. In any case, here’s a quick summary of the story so far. In an effort to raise awareness of its new vessel and research work, the Natural Environment [...]
Golfers are being asked to stake a stand on Brexit, with the promise of David Cameron or Boris Johnson’s face on a golf ball April 20, 2016 If the legal saga at Wentworth Golf Club has taught us anything, it's that City putters are highly skilled operators and know how to handle a campaign. Knowing their clients all too well, one luxury travel firm is giving its clients free golf balls with David Cameron and Boris Johnson's face on them to find out whether [...]