Greek crisis: Your five biggest questions about Grexit answered July 7, 2015 On Sunday, the Greek people gave a resounding “no” to further austerity. But what does that mean? What’s going to happen next? We’ve all got a lot of questions about the turmoil in Greece. We’ve answered your top ones here. Read more: The 12 Twitter accounts you need to follow to make sense of this [...]
Good news: Tackling climate change is possible without hindering economic growth July 7, 2015 Unusually, this is a good news story about climate change. Rapidly falling costs for renewable energy mean that clean economic growth may now be “within our reach”, a new report shows. So what does this mean? Stopping global warming and creating a sustainable future may be possible – without hindering economic growth. Up to 96 [...]
It turns out Google shows you better job ads if it thinks you’re a man July 7, 2015 You’ll do better in your job hunt if Google believes you’re a man. The search giant uses its vast amounts of data to figure out what advertisers should show you, and according to a new study, it'll show you ads for better jobs if Google thinks you’re a man. Researchers from Carnegie Mellon university and [...]
Kainos heads for London market with value over £160m July 7, 2015 Kainos, a Belfast-based provider of IT services, has priced its IPO, giving it a value of more than £160m. Shares will be priced at 139p each. The offer is expected to raise £52.4m of gross proceeds, giving Kainos a valuation of roughly £161.3m. The company’s chief executive, Brendan Mooney, said in a statement: The task [...]
Samsung’s profit declines for seventh consecutive quarter as flagship Galaxy S6 falls short of expectations July 7, 2015 The figures Operating profit missed forecasts at Korean electronics giant Samsung, expected to be 6.9tn won (£3.9bn) for the quarter to the end of June, it said in an earnings forecast today. That's down slightly from £4bn the same quarter last year, making it the seventh consecutive quarterly decline for the firm. Profits were still [...]
Shell set to begin Arctic oil drilling within two weeks July 6, 2015 Oil giant Shell is set to begin drilling for oil in the Arctic within the next two weeks, as 30 ships have left Alaskan harbours towards two exploratory wells. The Arctic is one of the planet’s most oil and gas-rich places, and the company's oil exploration was given the go-ahead by the US Department of [...]
Brent crude oil price falls below $60 for first time since April July 6, 2015 Oil prices have fallen below $60 a barrel, as the shockwaves from the Greek "no" vote push prices further down. This marks the first time since April that internationally traded Brent crude falls so low, down $1.42 to $58.89 a barrel. US benchmark West Texas Intermediate is also trading at a three-month low, down to [...]
Facegloria: Brazilian Evangelicals launch “sin-free” version of Facebook July 6, 2015 If you are tired of bikini pictures and swearing filling up your Facebook news feed there’s a new option out there. Brazilian Evangelicals have launched what they are calling a "sin-free" version of the social network, called Facegloria. Here, you click “amen”, not “like”, and gospel music plays as you chat. The new site bans [...]
Rolls-Royce share prices down 8pc following profit warning July 6, 2015 Shares in Rolls-Royce are down 8 per cent following the company's profit warning, in an unscheduled update on its guidance in which it also announced it has suspended its £1bn share buyback programme. The UK engineering group has lowered profit expectations for its marine division by £85m for both 2015 and 2016, as offshore markets continue [...]
Greek debt crisis: Finance minister Yanis Varoufakis resigns despite referendum “no” vote July 6, 2015 Greece's finance minister Yanis Varoufakis resigned his post today, despite the Greeks' resounding "no" vote in Sunday's referendum. The economist praised the electorate for "the great capital bestowed upon our government by the splendid no vote" – but said it was clear he could not remain in his position. Varoufakis, who had previously threatened to [...]
