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European economy holding steady at the moment

DESPITE the fact that it showed a drop over the previous result, Brexiteers were pleased to see a report that the British economy had grown by 0.5 per cent in the third quarter of 2016 and continue to be of the opinion that things will get better, despite expressions of…

Bad news for most billionaires

THERE are more billionaires on planet Earth than ever before but on average each of them is slightly poorer after another rocky year for the global economy. A joint analysis published by UBS and PricewaterhouseCoopers estimates that the total wealth of the global billionaire population plummeted by some €270 billion…

Paying via phone

AS the world moves inexorably towards a cashless society, with Sweden apparently leading the way, a small Swedish company looks set to capitalise on a combination of bank’s high charges, consumer wish to pay by debit card wherever possible and fear that contactless payment cards are easily broken into. Jacob…

Soundcloud and Spotify in talks

AS the digital age progresses, so the legal downloading of music is becoming more sophisticated and Swedish company Spotify formed by Daniel Ek is now apparently in take-over talks with German platform Soundcloud. The concept of file sharing for music was launched by American company Napster which was nullified due…

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A REFERENDUM on constitutional change in Italy due to be…

Santander no go

WHEN the British Government stepped in to bail out the Royal Bank of Scotland with a staggering £45 billion (€52.3 billion) injection, the European Union ruled that it would have to divest itself of the Williams and Glyn business which consisted of slightly more than 300 branches of former RBS…

New power station now approved

THE British government having agreed in principle with the Chinese government that the Hinkley Point power station expansion in Somerset could go ahead with significant Chinese investment almost a year ago, waited until July of 2016 to see whether the board of French company EDF which will be in partnership…

Ford embraces car production in Mexico

WITH a poke in the eye for Donald Trump, the Ford Motor Company clearly more interested in profits than patriotism ‘Trump style,’ has announced that it will transfer all of its US-based small-car production to Mexico in order to reduce costs. The company has already had to reduce its profits…

Formula 1 sale is to go ahead

AFTER literally years of speculation and rumour it has been confirmed that the American company Liberty Media will take over the Formula 1 franchise from Bernie Ecclestone and private equity investors subject to regulator approval. Despite the fact that Formula 1 is seen to be incredibly successful, there is a…

Hewlett-Packard merge with Micro Focus

IN what is a significant reversal following the fall in value of sterling, a British company, Micro Focus, which has just made its debut in the FTSE 100, has made a huge investment in merging with the software division of Silicon Valley giant Hewlett-Packard. The executive chairman of Micro Focus…

Jet2 to continue with its expansion plan

THE rapidly expanding Jet2 airline continues to increase its coverage and has announced it wishes to hire 1,000 new staff, including 180 pilots, 700 cabin crew and at least 80 engineers who will be split between the company’s bases in the UK. Although not considered by many as a major…

Important changes at WhatsApp

PARTICULARLY popular in Spain, although it is used by many millions around the world, the WhatsApp messaging system - purchased by Facebook for $19 billion (€16.8 billion) in 2014 - saw few modifications following the acquisition, but that is about to change in two major ways. Firstly, it plans to…

Black Horse, red face

PORTUGUESE born Antonio Horta-Osorio, CEO of Lloyds Bank, still part owned by the taxpayer following its bailout by the government, was photographed by a reporter with a former adviser to Tony Blair whilst on a business trip to Singapore, inferring the couple were having an affair. The former CEO of…

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