News: Money

Watch the 'Iron Man' jet pack that flies at 30mph and has the British and US military excited

Thursday  15:05,   09 november 2017
International Business Times

The inventor of an "Iron Man" jet suit has broken his own world speed record. Richard Browning, 38, has developed a futuristic space pack that allows him to fly with control and grace a few feet off the ground. In a recent flight he[...]

Big banks ‘preparing to move London jobs abroad’ due to Brexit uncertainty

Wednesday  14:36,   08 november 2017
Press Association

Senior banking executives are growing increasingly fearful about whether the Government will secure a transitional arrangement.A consortium of banks including JPMorgan Chase, Goldman Sachs and HSBC warned US commerce secretary Wilbur Ross that they[...]

Snapchat owner tumbles as results fall short

Wednesday  14:36,   08 november 2017
Sky News

Shares in Snapchat owner Snap have plunged after it missed revenue and user targets, warned of a disruptive redesign, and took a $40m charge on unsold Spectacle video-camera glasses. The stock slumped by around 20% in after-hours trading as Wall[...]

End of 'big six' as SSE and npower agree merger

Wednesday  14:33,   08 november 2017
Sky News

A merger has been agreed that could see two of the so-called 'big six' household energy suppliers join forces - if regulators agree. SSE said the scale of change in the market, that has included Government plans to cap the most expensive[...]

Up to 1,400 jobs to go at Transport for London due to spending cuts, unions say

Wednesday  14:33,   08 november 2017
Press Association

The cuts will affect engineering and parts of London Underground, said the Rail, Maritime and Transport union. The figure emerged at a meeting between union leaders and TfL on Tuesday, which the RMT said revealed that spending will be cut by £5.5[...]

Petrol prices to surge amid Saudi instability

Wednesday  14:32,   08 november 2017
Sky News

UK motorists are driving towards a surge in fuel costs, according to motoring organisations as oil prices hit levels not seen for two-and-a-half years. The RAC predicted a rise of 3p-per-litre for unleaded users in the next fortnight as oil markets [...]

You Get 280 Characters, You Get 280 Characters, We All Get 280 Characters

Wednesday  14:31,   08 november 2017
Gizmodo Australia

Feeling left out because your fancy friends are acting all fancy with their doubled Twitter character limit? Nah, me neither. But hey - at least they won't be fancy for long, they'll just be normal like the rest of us plebs. That's[...]

The BBC plans a paid-for iPlayer full of classic shows

Wednesday  14:10,   08 november 2017
Digital Spy (UK)

'The place you go for your complete BBC experience.'Speaking to Parliament's Digital, Culture, Media and Sport Committee on Tuesday (November 7), the BBC's director general Tony Hall revealed that with more and more people shifting to[...]

Meet 7 of the world's richest power couples, who have a combined fortune of over $260 billion

Wednesday  14:09,   08 november 2017
Business Insider

Power couples balance successful marriages with high-powered careers. From entertainment to politics to tech, these happily married pairs span many industries. They're not just powerful — they also have a combined fortune of over $260[...]

EU Businesses to Pull Back on U.K. Suppliers Amid Brexit

Tuesday  18:08,   07 november 2017

Almost two-thirds of European Union businesses that work with U.K. suppliers plan to move some of their supply chain out of Britain because of its withdrawal from the bloc, according to an industry group. That’s an increase from May, when 44 percent [...]

Mohammed bin Salman aims to win Saudi game of thrones

Tuesday  17:57,   07 november 2017
The Financial Times

Mohammed bin Salman, the young crown prince and de facto ruler of Saudi Arabia, took another huge stride towards absolute power this weekend, with a round-up of leading figures in the kingdom’s political and business elite that includes 11 princes[...]

Apple ‘moved offshore funds to Jersey’ after Ireland tax crackdown – reports

Tuesday  17:56,   07 november 2017
Press Association

The claims are the latest to emerge from the Paradise Papers leak.Tech giant Apple moved offshore funds to the Channel Islands after a crackdown on tax laws in Ireland, according to[...]

Disney Approached 21st Century Fox to Buy Entertainment Assets

Tuesday  17:52,   07 november 2017

Walt Disney Co. recently held talks to purchase a large chunk of 21st Century Fox’s entertainment businesses, people close to the talks said, signaling Disney is serious about bolstering its TV operations and Rupert Murdoch is open to a[...]

Paradise Papers: Ordinary Workers Will End Up Paying The Price Of Offshore Schemes, Economist Warns

Tuesday  17:51,   07 november 2017
Huffington Post UK

Ordinary people are the true victims of off-shore tax avoidance schemes, a tax expert and anti-poverty campaigner has warned in the wake of the Paradise Paper revelations. Ordinary people are the true victims of off-shore tax avoidance[...]

Broadcom offers unsolicited bid of $105 billion for Qualcomm

Tuesday  17:39,   07 november 2017
The Washington Post

The chipmaker deal would be the largest tech takeover in history. Qualcomm is said to oppose it.Chipmaker Broadcom made an unsolicited bid Monday worth about $105 billion for Qualcomm, kicking off an ambitious attempt at the largest technology[...]