Danske Bank investigation reaches UK shores ‘as crime agency opens probe’ September 21, 2018 The National Crime Agency (NCA) has launched an investigation into potential ties between a UK organisation and one of the world’s biggest ever money laundering scandals, it is reported. The probe, which is centred around Denmark’s biggest lender Danske Bank, is likely to focus on the role played by customers suspected of illicit activities using [...]
Nigel Farage’s face adorns condoms at the Ukip party conference September 21, 2018 Ukip has struggled for headlines in recent months, with its conference in Birmingham this weekend failing to make the kind of impact the party enjoyed at its peak before the EU referendum. But despite polling below five per cent, the party is back in the limelight now, but perhaps not for a reason it might want to [...]
A software bug came close to wiping out the bitcoin network September 21, 2018 A huge flaw in the Bitcoin network's underlying software that could have destroyed the cryptocurrency has been discovered. The problem existed since March 2017, which meant someone could have exploited the network by influencing the way bitcoin transactions are confirmed. Read more: Regulate 'Wild West' world of cryptocurrencies, MPs demand Anyone mining the cryptocurrency would [...]
Volt Pulse ebike review: The battery-assisted hybrid city bike you’ve been waiting for September 21, 2018 In the space of a year I’ve gone from a sweaty pedalling idiot to the City’s driest and foremost ebike expert. You can spot me gliding around Bank each morning, the picture of respectability and class, fresh as a bee and happily dinging my bell at morning commuters, who smile and greet me like an [...]
Deficit rises unexpectedly in August on back of weak tax receipts September 21, 2018 Public sector borrowing has fallen to its lowest point since 2002 for the financial year to date at £17.8bn, £7.8bn less than the same time last year. However, August borrowing of £6.8bn came in at double economists' expectations, and was £2.4bn higher than the same month last year, figures from the Office for National Statistics (ONS) showed. Economists had expected [...]
Artificial Intelligence will take your job, and that’s no bad thing September 21, 2018 Earlier this week, a report from the World Economic Forum predicted that robots, automation and artificial intelligence (AI) will create 58m more jobs than it displaces. Good news, perhaps, but still, it could be your job that gets displaced. Without doubt, AI will take over the vast majority of process-driven work within the next 15 [...]
Sky’s final showdown September 21, 2018 | City Talk The battle for Sky will come to an end this weekend. Fox, which is controlled by the Murdochs and Comcast will have their final push to try and snatch the stock. Fox’s latest bid is 1,400p and Comcast’s is 1,475p. Since Fox’s offer is lower they will be given the first chance to put [...]
Housing market remains flat as year-on-year property deals tumble September 21, 2018 The number of properties being bought and sold in the UK suffered an annual 2.6 per cent drop last month, signalling the latest evidence that activity in the country’s housing market remains flat. While total property transactions climbed 1.3 per cent between July and August to 99,120, today’s figures also show a 2.6 per cent [...]
Moss Bros issues profit warning, blaming World Cup for poor footfall September 21, 2018 Shares tumbled at Moss Bros today as it issued a profit warning, blaming England’s World Cup success for fewer men being interested in buying suits. The figures The high street formalwear store posted a £1.7m loss for the six months to July, after recording a £3.7m profit in the same period of the previous [...]
DEBATE: Is Chris Grayling to blame for the rail chaos earlier this year? September 21, 2018 Is Chris Grayling to blame for the rail chaos earlier this year? Andy McDonald, Labour MP and shadow transport secretary, says YES. Chris Grayling’s reverse Midas touch has made a mess of the railways. Under his watch, passengers have suffered timetabling chaos, ever increasing fares, and broken promises on investment. In any other line of [...]