Mike Ashley’s USC goes into administration with hundreds of jobs at risk January 8, 2015 Hundreds of jobs could be lost at Mike Ashley's fashion chain USC after filing a notice of the intention to appoint receivers at the High Court yesterday. A third of USC's 90 stores, which are believed to employ 1,000 staff are set to close. On Wednesday morning, dozens of staff at the USC warehouse in [...]
Eurozone enters deflation giving Draghi upper hand January 7, 2015 THE EUROZONE has slipped into deflation as prices fell by 0.2 per cent year-on-year in December. It marks a significant fall from November when prices rose by 0.3 per cent, according to Europe’s official statistical office Eurostat. Economists have raised their expectations that the European Central Bank (ECB) will begin a large programme of asset [...]
After talks with Angela Merkel, is David Cameron’s quest for EU renegotiation doomed to failure? January 7, 2015 Ruth Lea is economic adviser to the Arbuthnot Banking Group, says Yes Very little was expected from Chancellor Angela Merkel’s latest visit. But putting that aside, there have to be major doubts that any renegotiation of the terms of the UK’s EU membership would amount to much, however badly some of us would like to [...]
Mayor Boris Johnson will meet with rail bosses tomorrow after second day of chaos at London Bridge station January 7, 2015 London Mayor Boris Johnson's meeting with rail bosses tomorrow is likely be dominated by the fallout of another disastrous day of overcrowding at London Bridge station. The Mayor's meeting with senior staff at Network Rail was already on the books before commuters suffered a second day of delays and "dangerous overcrowding". Johnson will demand the [...]
No meeting for Ed Miliband as Angela Merkel flies in for talks with David Cameron January 6, 2015 Labour leader Ed Miliband was left feeling hard done by yesterday, after it emerged that he was not informed of German chancellor Angela Merkel’s visit to the UK. Merkel is set to tour the British Museum with David Cameron this morning, before the pair meet in Downing Street to discuss Europe and the G7 summit [...]
Elon Musk reveals all in Reddit AMA shortly before SpaceX rocket launch cancelled January 6, 2015 Elon Musk, Silicon Valley’s enigmatic answer to Richard Branson, had an interesting day yesterday. The soon-to-be-divorced (from English actress Talulah Riley, again) SpaceX founder was due to send one of his rockets, Falcon X, to the International Space Station – then safely land it back on earth to be used again, a first in rocket [...]
It looks like Theresa May’s Home Office plans to restrict visas of foreign graduates have been derailed by George Osborne January 6, 2015 Theresa May’s plans to kick foreign students out of the UK after they graduate look like they’ve been derailed after being widely slammed by business groups, politicians and entrepreneur James Dyson. George Osborne is said to have quashed the Home Secretary’s plans to force foreign students to leave the UK before re-applying for work visas, [...]
General election 2015: Ann Summers boss Jacqueline Gold joins Conservative campaign, claiming it’s “essential” David Cameron wins January 6, 2015 The so-called queen of the sex shop, Ann Summers boss Jacqueline Gold is throwing her weight behind the Conservatives ahead of this year's general election. Gold appeared on the front row of the press conference held yesterday in which chancellor George Osborne rubbished Labour's spending pledges by claiming they were £20m over budget. [...]
Elon Musk’s SpaceX rocket landing: Here’s what you need to know about Friday’s International Space Station mission January 6, 2015 On Friday, SpaceX will attempt to return a rocket to Earth for the first time ever. The Falcon 9 vessel will be launched into space, from where it will release its Dragon cargo spacecraft towards the International Space Station (ISS). It will then change direction and come back down towards Earth. The attempted landing [...]
General Election 2015: Ed Balls hits out at George Osborne’s “dodgy dossier” spending report January 5, 2015 Shadow chancellor Ed Balls yesterday hit back at claims that Labour’s made over £20bn of unfunded spending commitments for 2015-16, accusing George Osborne of publishing a “dodgy dossier, riddled with untruths and errors”. The emotive phrase, coined following the publication of the Iraq war dossier which was later found to contain a string of mistakes [...]