APW

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Spring selling season stalls, as the housing market starts to feel the chill

What hope is there for buyers and sellers in the flattest period in the last five years?<p>It was an announcement homebuyers and sellers barely needed to be told – Britain’s property market is going through its flattest period in the last five years. A report from the Royal Institution of Chartered …

Housing

British Airways-owner IAG swoops on rival airline Norwegian

British Airways-owner IAG has taken a near-5pc stake in Norwegian Air Shuttle with a view to buying the budget carrier, paving the way to create one of the world's largest airlines.<p>Shares in Norwegian surged almost 40pc on news of the move, before trading was halted in the company on the Oslo stock …

Profit

Beyond Tokyo: 8 of Japan's best foodie destinations

<b>(CNN) —</b> We all know about Tokyo 's amazing sushi, ramen and tempura.<p>Japan's capital is a gastronomic wonderland -- that comes as no surprise.<p>But if you want to really experience Japan's rich culinary canon, you'll need to get out of Tokyo and eat your way across the country.<p>"Japan has one of the …

Japan

Tesla Gives Panasonic an Electric Shock

Hitching a ride on Tesla Inc. these days seems precarious at best, especially for its sole battery supplier Panasonic Corp.<p>Shares of the Japanese …

Tesla

Chinese Bond Funds Have the Best Returns, But No One Cares

As concerns of a possible trade war mount, investors are ignoring ETFs that hold Chinese bonds -- even though they’re the year’s best-performing, …

Investing

Social housing company plans £150m float

A property company that invests in social housing is planning to launch a £150m float on the London Stock Exchange next month.<p>Fundamentum will publish its prospectus for investors on Monday, ahead of a planned launch on the stock market at the start of May.<p>The company was set up in 2013, and has …

Housing
Finance

Larry Page's autonomous air taxi 'Cora' flies in New Zealand

Reports surfaced in 2016 that Google co-founder (and now Alphabet CEO) Larry Page had two "flying car" projects in the works, and while we saw the Flyer recreational vehicle unveiled last year, today it's time to meet Cora. An "air taxi" developed by Page's Kitty Hawk company, the electric aircraft …

Larry Page’s Flying Taxis, Now Exiting Stealth Mode

Since October, a mysterious flying object has been seen moving through the skies over the South Island of New Zealand. It looks like a cross between a small plane and a drone, with a series of small rotor blades along each wing that allow it to take off like a helicopter and then fly like a plane. …

New Zealand

Gina Miller releases dossier of investment firms breaking rules as she challenges the City watchdog to form better guidelines

Gina Miller, the campaigner who successfully fought for parliament to vote on the initiation of Brexit, has released a "damning dossier" detailing …

Deliveroo reveals world's most popular takeaway dishes

Deliveroo has unveiled their top 100 dishes around the world from the past year.<p>With so many cuisines on offer, you’d assume a list of this magnitude …

Starling spent £8 million building its app-only bank last year

Starling spent £8.3 million in the year to November 2016, most of which went on "designing, building, and testing the software to support the banking platform," according to accounts filed with Companies House last week.<p>Starling is one of a number of so-called "neobanking" startups in the UK that …

Banking

Medicare to foot the bill for treadmill therapy for leg pain

CHICAGO (AP) — Three times a week, Rita Driscoll steps onto a treadmill at a Minnesota hospital under the eye of a rehab therapist. She walks until it hurts — pushing her limits, walking faster and adding steeper inclines.<p>The retired school aide has leg pain caused by clogged blood vessels. Until …

Health Care

North Korean banks kicked out of global messaging network

Three North Korean banks have been barred from the global messaging network that connects the world's financial institutions.<p>Their suspension highlights the continued efforts by the U.S. and its allies to cut North Korea off from the international financial system as Kim Jong Un's regime pursues …

North Korea

Tribunal to rule on Deliveroo riders' employment status

A tribunal will determine the employment status of Deliveroo riders in another ruling that affects the rights of workers employed in the so-called gig economy.<p>The Central Arbitration Committee will investigate whether Deliveroo couriers are workers or independent contractors at the end of May …

United Kingdom

German minister warns UK over trade, predicts Frankfurt to gain | Reuters

FRANKFURT (Reuters) - Britain would be “naive” to expect generous trade deals when it quits the European Union, the German minister responsible for its financial center said on Monday, adding that Frankfurt would grab business from London.<p>The skyline is seen as the sun goes down late in the …

European Union

Peugeot-Citroën chief vows to save jobs in Vauxhall/Opel takeover

PSA Group buys carmakers from General Motors for £1.9bn and wants to turn them around without plant closures or job cuts<p>The chief executive of the French company behind Peugeot and Citroën has vowed to turn Opel and Vauxhall around without factory closures or job cuts, after agreeing to buy General …

Autos

Quant Strategies Are Cheaper And Smarter Than Opaque Hedge Funds

2016 outcomes for multi-asset Max Sharpe and Min Volatility strategies did what they say on the tin.<p>Dynamic risk-based strategies can provide low …

A warning from Britain: Populism and conservatism don’t mix

The UK government has been trying to appease the swell of populism in Britain that voted for Brexit five months ago. Wednesday was its first chance to offer something concrete. That’s when the governing Conservative party delivered its “Autumn Statement,” an update to its fiscal and spending budget …

The European Central Bank just outlined 4 of the biggest risks to financial stability

In a statement titled "Global risk repricing endangers financial stability," the Financial Stability Review from the ECB outlined the following four "systemic risks" to financial stability.<p><b>Financial contagion stemming from political uncertainty —</b> "Global risk repricing leading to financial …

Economy

Britain gives new fiber broadband providers $500 million fund boost | Reuters

LONDON (Reuters) - Britain will provide 400 million pounds ($500 million) of funding to spur the building of more fiber-to-the-home broadband connections, the “gold standard” of speed in excess of 1 gigabyte per second only available now to 2 percent of premises.<p>The government said the finance …

Philip Hammond

UK financial firms to keep EU ‘passporting’, says Boris Johnson

Newly appointed foreign secretary Boris Johnson has assured the US that UK financial firms will still be able to sell services across the European Union, even after leaving the bloc.<p>In his first official visit to the US in his new role Mr Johnson quashed fears that the UK’s financial services …

United Kingdom

The Flashpoint No One Is Talking About: The Black Sea

The recent decision of the international tribunal regarding China’s expansive claims in the South China Sea, and the certainty of continued confrontation in the region, which I wrote about last week, brings to mind another strategic body of water in which tensions are high and great potential …

Geopolitics

IMF's Bad Advice To G20 Countries On Infrastructure Spending

It would appear that the IMF has not quite caught up with the reality of the modern economy. Something of a problem as said International Monetary Fund is looked to as the guru on what countries should do in matters economic. The IMF is stating that the G 20 countries (essentially, the large and …

Economics

Uber using doublespeak over job creation claims, tribunal told

Lawyer accuses taxi-app company of hiding behind language to claim drivers are not employees<p>Lawyers representing Uber workers have accused the company of “doublespeak” and speaking with “forked tongues” over claims of job creation and its relationship with drivers.<p>The taxi app company is fighting …

Employment

ITV, Britain’s biggest ad-funded broadcaster, reacts to Brexit with unofficial hiring freeze and pay-rise ban

On the day that a Markit PMI report said there had been a "dramatic deterioration" in the UK's economy since the EU referendum, Business Insider has been told of an unofficial recruitment freeze and ban on pay rises at ITV.<p>Separately — and before the 23 June Brexit vote — ITV took a decision to …

A+E Networks
Telecoms

Uber Lands $1.15 Billion Leveraged Loan

Uber Technologies has secured a $1.15 billion leveraged loan, a person familiar with the matter said Thursday. It’s the latest capital infusion for …

Venture Capital

Global Regulators Now Eying Fintech

Global regulators may propose rules to prevent “fintech” innovations from destabilizing the broader financial system, the G20’s Financial Stability …

Bank of England

Uber CEO criticizes 'irrational funding going on'

Yet even Uber's CEO, Travis Kalanick, chides the "irrational funding going on" — and he's not talking about his own company.<p>In a fireside chat at Vancouver's Launch Academy, the city's leading startup hub, Kalanick condemned the amount of money some competitors are raising to buy up market share, …

Startups