Anti-Uber taxi protests to be staged in Paris tomorrow December 14, 2014 Parisian cabbies could clog the city's streets tomorrow in a mass protest against a French court's refusal to ban a controversial service offered by taxi app Uber. Three taxi groups have called on cab drivers to block a number of main streets in Paris from 5am tomorrow, according to a report by news service France [...]
Why OPEC will hold out even if oil falls to $40 December 14, 2014 OPEC will not cut production even if oil falls to $40 per barrel as it believes the market will eventually stabilise. The energy minister for the United Arab Emirates told Bloomberg News that the group would wait "at least a quarter" before it considered an urgent session. Suhail Al-Mazrouei said "we are not going to [...]
How low can you go: OPEC won’t cut production even if oil falls to $40 December 14, 2014 Opec will not cut production even if oil drops to $40, "We are not going to change our minds because the price went to $60 or $40", Suhail Al-Mazrouei told Bloomberg News. Opec's 12 member In November OPEC announced it was leaving oil production levels unchanged at
Spectre: New James bond film script stolen in Sony attack December 14, 2014 The hackers who attacked Sony's computer network in November made off with the new James Bond film script. The film's producer, Eon Productions, said an early version of the script was taken, according to a statement on its website. They're worried the hackers will publish the script online, potentially spilling Spectre's secrets to millions of [...]
These London boroughs have made the most from parking charges: Westminster, Fulham, Kensington and Chelsea December 12, 2014 London boroughs netted an astonishing £293m from parking charges last year, according to new research by transport and research policy organisation the RAC Foundation. They contributed 44 per cent to the £667m of the overall total raked in by local councils across the UK. The total figure has surged 12 per cent from last year's [...]
Which London street is the most expensive to live on? Belgravia beats Kensington and Chelsea December 12, 2014 Grosvenor Crescent, near Buckingham Palace, has been named London's most expensive street to live on, according to new research by Lloyds Bank. Home buyers who want to live in one of the prestigious crescent's white Georgian townhouses will, on average, have to shell out a whopping £16.9m. It's located in high-end Belgravia, one of the wealthiest [...]
Quindell eyed in parliament as Lord Myners questions company’s activities December 12, 2014 Former City minister Lord Myners has asked the government whether it will investigate embattled insurance outsourcer Quindell, its board of directors or its financial advisers. The written parliamentary question, first reported by the Financial Times, was put to the government on 1 December. Myners said: To ask Her Majesty's government whether they are investigating Quindell and [...]
Microsoft quietly starts to accept Bitcoin payments December 11, 2014 Microsoft has quietly started accepting Bitcoin payments. Customers can now use the cryptocurrency to buy content such as Windows phone apps, Xbox games and the Xbox video stores. The software giant made no formal announcement, instead creating an information page on its website which tells customers how to top up their accounts using the virtual currency. [...]
ECB’s second round of cheap loans disappoint again December 11, 2014 The European Central Bank's (ECB) second round of cheap loans has disappointed again, piling pressure onto the central bank to step up its monetary stimulus measures. The 255 participating lenders took a total of just €129.84bn (£102.6bn) from the targeted longer-term refinancing operation (TLTRO), slightly below the €130bn or more that economists had predicted. This [...]
Russia raises rates in struggle against crumbling oil prices December 11, 2014 Russia's central bank has raised the country's borrowing costs as part of its struggle against crippling economic sanctions and plummeting oil prices. The Bank of Russia raised its key interest rate by one percentage point to 10.5 per cent, a move which was in line with analysts' expectations. It also said there could be further [...]
