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1 Article
Source: CBS News

Uber IPO could value the company at $120 billion

Wednesday 06:07 GMT

With Uber expected to go public next year, banks are valuing the company as high as $120 billion, the Wall Street Journal reports.

Uber's sky-high valuation hasn't insulated it from a public-perception problem in some cities, where it is blamed for increasing traffic congestion and lowering taxi drivers' earnings. In August, after a spate of taxi-driver suicides, New York City imposed a temporary cap on new drivers joining the platform.

1 Article
Source: The Guradian

Why is Saudi Arabia under fire over Jamal Khashoggi, but not Yemen?

Thursday 14:31 GMT

The alleged killing of the royal court insider turned journalist Jamal Khashoggi has rightly triggered a diplomatic crisis for Saudi Arabia, but it would appear it has not jeopardised any of the multibillion-dollar arms deals between the US, Britain and the House of Saud.

The violence enacted by Saudi Arabia on the people of Yemen springs from the same source as the violence allegedly used against Khashoggi in the Turkish embassy.

3 Articles
Source: Common Domain

British Trade Negotiator’s Conundrum: Can He Actually Make Any Deals?

Wednesday 06:07 GMT

When the U.K. voted to leave the European Union in 2016, the British government had no chief trade negotiator and only a handful of people engaged in trade policy.

To make the new unit into a negotiating powerhouse, the government has drafted about 400 staffers, launched a school for trade negotiators, begun simulations of trade talks with the U.S. and wheeled in retired British trade specialists to share tips.

1 Article
Source: BBC

UK wage growth fastest for nearly 10 years

Tuesday 22:48 GMT

"Achieving a meaningful improvement in wage growth will be an uphill struggle unless the underlying issues that continue to limit pay settlements are tackled - notably sluggish productivity, considerable underemployment and high upfront costs for businesses."

David Freeman, the Office for National Statistic's (ONS) head of labour market, said: "People's regular monthly wage packets grew at their strongest rate in almost a decade, but, allowing for inflation, the growth was much more subdued. "The number of people in work remained at a near-record high, while the unemployment rate was at its lowest since the mid-1970s."

1 Article
Source: The Guradian

West Ham under pressure after coach attends Democratic Football Lads Alliance march

Tuesday 22:48 GMT

West Ham are under pressure to take action after one of their youth coaches said he went on a march organised by the Democratic Football Lads Alliance, a group condemned by anti-racism campaigners.

Although there is no suggestion that Phillips was involved in any of the disturbances, his future at West Ham could be under threat given that the DFLA has been accused of spreading Islamophobia and of having links with far-right organisations.

1 Article
Source: Common Domain

The Morning Ledger: Companies Weigh Moving Billions Ahead of Brexit

Tuesday 22:48 GMT

European companies could be forced to move financial instruments out of the U.K. and into the European Union following Britain's exit from the EU, CFO Journal's Nina Trentmann reports.

Relocation costs: Loans, securities and derivatives totaling approximately €2.4 trillion ($2.7 trillion) might have to be shifted to EU-based bank entities if Britain becomes a so-called third country after a hard Brexit, according to estimates by consulting firm Boston Consulting Group U.K. LLP.

1 Article
Source: BBC

What business does the UK do with Saudi Arabia?

Tuesday 22:48 GMT

The UK's dependence on Saudi Arabia for oil is significant, but it's worth remembering that any sanctions action which disrupted Saudi Arabia's place in the global market would lead to all oil - wherever it is from - becoming more expensive, probably by a large amount.

There has been public debate about the supply of weapons to Saudi Arabia, particularly in light of the Saudi involvement in the conflict in Yemen.

1 Article
Source: BBC

Facebook makes UK political ads 'transparent'

Tuesday 22:48 GMT

When a vote comes, we can expect Facebook's ad archive to become an essential tool - not just for the electorate but for parties trying to work out what their opponents are up to.

Facebook was forced to act following controversy about ads it displayed during the 2016 US Presidential election campaign and the UK's EU referendum. The archive can be searched by anyone, whether or not they are a Facebook member.

1 Article
Source: The Guradian

Trump baby blimp to greet commuters over Los Angeles freeways

Thursday 08:05 GMT

The giant Donald Trump baby blimp that dogged the US president’s visit to the United Kingdom this summer will float above one of the busiest freeway intersections in Los Angeles this weekend to greet Trump supporters and detractors attending a star-studded political conference ahead of November’s midterm elections.

The Los Angeles baby is likely to make the biggest impact, since it will be seen by tens of thousands of commuters driving the freeways in and around downtown Los Angeles.

1 Article
Source: Global News

There’s a 25 per cent chance Britain could leave the E.U. without a Brexit deal: poll

Tuesday 22:48 GMT

There is still a one-in-four chance Britain and the European Union part ways in less than six months without reaching a deal, according to a Reuters poll taken as EU leaders prepare to meet in Brussels later this week.

“Unless the Brexit negotiations collapse, the likelihood of a full-blown recession remains low,” said Peter Dixon at Commerzbank.

1 Article
Source: Common Domain

European Firms Mull Moving Financial Contracts as Brexit Looms

Tuesday 22:48 GMT

European companies could be forced to move financial instruments worth billions of euros as Britain prepares to leave the European Union.

Under an EU equivalence arrangement, financial firms based outside the bloc can offer a limited range of services to European customers, provided their home country’s financial regulations are broadly similar to the EU’s. Compared with today, equivalence would mean less freedom for U.K.-based banks to do business on the continent, as the current passporting regime allows British banks to operate freely across all EU member states.

1 Article
Source: DW

Theresa May to address EU leaders in Brexit play's next act

Thursday 03:20 GMT

Read more: Musicians and dog owners in London urge Theresa May to reconsider Brexit. Critics of the drama, such as the Brussels-based BusinessEurope lobby group, charge that it would be in no one's interest to let Brexit go ahead on March 29 without a treaty.

Ahead of Wednesday's summit in Brussels, British Prime Minister Theresa May will have 15 minutes to persuade the 27 other EU heads of state and government that her version of Brexit is the better one.

1 Article
Source: The Guradian

Does Kanye West deserve to be called an Uncle Tom?

Tuesday 10:51 GMT

Last week rapper Kanye West met President Trump at the White House in what must be one of the most bizarre meetings in Oval Office history.

The central character of Harriet Beecher Stowe’s Uncle Tom’s Cabin is as different to Kanye West as it’s possible to be: impoverished, enslaved, a Christian martyr. However, the figure of the “Uncle Tom” has long migrated away from that archetypal hero of the abolitionist movement.

1 Article
Source: Common Domain

Would-Be London Home Buyers Opt for Lavish Rentals

Tuesday 19:07 GMT

Would-be buyers in prime central London have opted for lavish rentals amid the uncertainty in the city’s sales market, according to a new report.

The economic and political uncertainty driving a slowdown in the general London sales market has pushed high-net-worth individuals to rent while they wait out the volatility—a trend luxury brokers have noted for several years. Final Brexit negotiations over the next few months will continue to weigh on the city's housing market in the short-term.

1 Article
Source: Huffington Post

Will Meghan And Harry's Baby Be British Or American?

Tuesday 12:42 GMT

Since Meghan Markle and Prince Harry announced they are expecting their first child, royal fans have a lot of questions.

The royal baby will be a British citizen, but will be able to apply for dual UK and US citizenship if Harry and Meghan choose to do so.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte