Maradona’s shirt, Holyfield’s belt and Peaty’s trunks: How the world went crazy for sports memorabilia
Francois Hollande calls on ECB to fight deflationary risk in Europe August 5, 2014 French president Francois Hollande has implored the European Central Bank (ECB) to do more to support growth and employment and combat a "real deflationary risk" in Europe. In an interview with LeMonde, Hollande argued that "weak inflation too has negative fiscal consequences on revenues as well as debt. A lot will depend on the level [...]
Juncker’s new EU financial services tsar would be disastrous for the City August 4, 2014 The prevailing winds of politics have not been kind to the City or the wider financial world of late. Politicians, often with one eye on the next election and tempted to kowtow to “banker bashing” sentiments, have paraded their credentials by legislating against the unruly financiers who “caused the financial crisis”. But if you think [...]
Meet the magical computing that puts the human into artificial intelligence August 3, 2014 Think Artificial Intelligence and the first thing that comes to mind is probably robots. Thanks to popular culture, AI is considered distinctly un-human, and can prompt people to worry about the role of technology in our daily lives and who is really in control. However, there’s a new wave of technology fighting to put the [...]
The UK should “not be frightened” of leaving the EU – Boris Johnson August 3, 2014 The UK must be prepared to leave the EU – this is the message Boris Johnson will give to David Cameron this week. The Mayor of London believes that the UK should "not be frightened" of the prospect of leaving the trading bloc and that financial conditions would be better outside the union. The Mayor [...]
Putin’s judo partner Arkady Rotenberg among Russians hit by EU sanctions July 31, 2014 Among those Russians hit by the EU's latest round of sanctions are President Vladimir Putin's judo partner Arkady Rotenberg, who is already on a US sanctions list. The European Commission has published the names of eight Russians and three companies that will have their assets frozen as a consequence of Kremlin's actions in eastern Ukraine. [...]
Boris Johnson reveals £1.3 trillion plan to fix London’s water shortages July 30, 2014 As London races towards a record population size of 8.6m people next year, topping its previous population record in 1939, it could face daily water shortages of up to 60m litres, according to the latest figures from Thames Water. By 2050, as London reaches an expected population of 11.3m people in the capital, its daily [...]
EU sanctions Putin’s cronies as G7 nations say more may come July 30, 2014 The European Union yesterday extended sanctions against the Russian government to another group of individuals and organisations, freezing the assets of “cronies” of Russian President Vladimir Putin, according to one EU official. The eight individuals included Arkady Rotenberg, a friend of Putin, who has benefitted from public contracts and the gains of Moscow’s state-owned firms. The [...]
Barclays’ Antony Jenkins says his bank has turned corner July 30, 2014 Antony Jenkins had a new spring in his step yesterday. Payment protection insurance mis-selling might have blown another near-billion pound hole in his profits, but he had the look of a man who knows he is on the verge of something great. Like most post-crisis banking chiefs, Jenkins took the reins at Barclays in the wake [...]
How £1.3 trillion needs to be spent on city infrastructure by 2050 for London to stay competitive July 30, 2014 London Mayor Boris Johnson has outlined ambitious investment plans to improve the capital’s infrastructure which could require £1.3tn of spending from now until 2050. As London’s population continues to expand, the “London Infrastructure Plan 2050” outlines the spending needed for the capital to remain one of the world’s leading cities. Transport and housing make up [...]
US and EU sanctions on Russia: It’s not another cold war says Obama, yet Putin won’t thaw July 29, 2014 The US and Europe have joined forces to tighten the screws on Russia’s President Putin, as the spectre of downed Malaysia airlines flight MH17 continues to tug at the consciences of western leaders. As ambassadors in Brussels yesterday finally agreed a package of new sanctions designed to bring the Russian economy to its knees, Prime [...]