Panama Papers: Here’s what you need to know ahead of the database release on Monday May 8, 2016 A database packed with information from the Panama Papers leak is due to be released tomorrow, providing authorities worldwide with potentially valuable leads for their investigations. The International Consortium of Investigative Journalists (ICIJ) announced that it would be launching the searchable database about a fortnight ago and wrote in a blog post that the database will contain information [...]
US job openings growth was way lower than expected in April May 6, 2016 Job openings in the US slid back more than expected in April, figures published today showed – after one of the country's weakest quarters in years. The non-farm payroll figure fell to 160,000, against analyst consensus of 200,000 Last month's figures showed an unexpected rise in joblessness – although the number of job openings beat expectations. [...]
How the US passport rule changes affect you, and what you can do about it May 6, 2016 While we were all preoccupied by the elections – both over here and across the pond – the US government only went and made a crucial change to its passport rules. As of 1 April 2016, those travelling from the UK to the US who don't want to apply for a visa because they'll only [...]
Why pro-Europeans should back Brexit – to save Europe from the EU May 6, 2016 The EU could not accommodate our desire for reform, we were told, because to do so would have opened the floodgates to further demands from across our beleaguered continent. After all, had the UK managed to negotiate a good deal with the EU, any of the other 27 nation states would naturally have followed suit. [...]
Yelp share price surges on revenue of $158.6m May 5, 2016 Yelp's share price jumped by 7.75 per cent in after hours trading after it announced revenue of $158.6m (£109.5m) for the first quarter of 2016 – beating analysts' expectations of $155.6m in sales. The online reviewing service posted a loss of $0.20 per share – equating to a net loss of $15.5m, widened from the [...]
Jack Dorsey’s Square posts $379m revenue for first quarter as losses narrow May 5, 2016 Payment processing firm Square, started by Twitter founder Jack Dorsey, has reported revenue of $379m (£262m), a 51 per cent increase year-on-year, beating analysts' expectations. Analysts had been expecting the company to report $344m in revenue. The mobile payment firm reported sales of $374.4m in the previous quarter. Transaction revenue was $300m, while Starbucks transaction revenue was the next [...]
Prepare for disintegration: How new technology and the euro-crisis legacy could break the EU apart May 5, 2016 Somewhat lost in the current debate over the UK and the EU is the fate of the European Union itself. Are we arguing over the membership of a club which might not exist 10 or 20 years from now? The pre-eminent American historian of the EU, John Gillingham, has written: “The EU is unfit for [...]
Weight Watchers share price rises by 12.57 per cent as it surpasses expectations in the first quarter May 4, 2016 Weight Watchers shares have soared by over 14 per cent in after hours trading, after the company’s results for the first quarter came in ahead of expectations. Net revenue declined by 4.7 per cent, from $322m (£222m) in the first quarter of 2015, to $307m. The company posted a loss of $0.17 per share, compared [...]
The world’s top universities by reputation revealed – how many of them are in the UK? May 4, 2016 Some of the UK’s most prestigious institutions have slipped in a ranking of the world’s top 100 universities by reputation. The latest Times Higher Education rankings have shown that Cambridge and Oxford have been pushed into fourth and fifth place by the Massachusetts Institute of Technology and Stanford University, which came second and third on [...]
TripAdvisor shares tank after it misses expectations May 4, 2016 Travel website TripAdvisor’s revenue has decreased to $352m, a drop of $11m or three per cent, during the first quarter of 2016. TripAdvisor reported earnings per share of $0.32 in the first quarter, $0.14 less than the analyst estimate of $0.46. Shares of the travel business fell 7.73 per cent to $58.25 in after-hours trading on Wednesday. [...]