As freezing fog settles across the South East, here are all the travel delays and disruptions taking place in London in the run-up to New Year’s Eve

More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comConnecticut man dies after crashing Harley into live bearnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Share Rebecca Smith Airports are still being affected: Heathrow, Gatwick and London City Airport have warned of fog causing delays and cancellations.https://twitter.com/HeathrowAirport/status/814723283333632000  New Year’s Eve can be a hectic period for travel, and this year has the added trouble of thick fog and ice causing concern, on top of a planned Southern rail strike.Drivers have been warned to be wary of fog and sub-zero weather conditions across large swathes of England. Freezing fog has settled in many places, while visibility could be down to 100m with ice developing on some roads. So, journeys are likely to take longer than usual with trickier driving conditions. Ashford – Hastings Hurst Green – Uckfield​ Havant – Portsmouth Harbour Clapham Junction – Milton Keynes Redhill – Reigate As for travel disruption elsewhere:Southern railLong-suffering Southern passengers will likely already know, but for those intending to use the services over the New Year period, you might want to think again.Southern has advised passengers to check before they travel as it’s expected services will be “severely disrupted” during the RMT union’s next three-day strike – which starts tomorrow, 31 December.A team of contingency conductors will keep key routes open, but some services will finish earlier, while other routes will have no services or a replacement bus service.On 31 December, New Year’s Eve, there will be no Southern train services on the following routes: Clapham Junction – Milton Keynes Chichester – Portsmouth/Southampton Lewes – Seaford Eastbourne – Ashford International Oxted – Uckfield Haywards Heath – Lewes Redhill – Reigate whatsapp These routes will either have ticket acceptance with another operator or a replacement bus service. Transport for London:On New Year’s Eve:Free travel will be provided on all of its services from 11.45pm until 4.30am or last service.From around 2pm, Waterloo, Westminster and Jubilee Bridges, and roads in central London will start to close to prepare for the big fireworks event.All bridge and road closures will be in place from 8pm and most will re-open at 6am on Sunday 1 January. Once road closures are in place, bus hubs will be in operation.The Tube will run throughout the night, but some stations will become exit only at certain times, including Blackfriars from 9pm, Covent Garden from 7pm and Russell Square from 10.30pm.Taxis cost an extra £4 per journey after 8pm.On New Year’s Day:Some central London road closures will remain until 6pm for the New Year’s Day Parade. These include Berkeley Square, Bridge Street, Haymarket, Lower Regent Street, Pall Mall and Victoria Street. For a full list see here.No District line service between Earl’s Court and Kensington (Olympia).Stations near the parade route (Green Park, Piccadilly Circus, Embankment, St James’s Park and Westminster) are expected to be busier than normal. Avoid if you can.The following buses will be busier than usual, divert their route, or terminate early in central London until around 6pm: 3, 6, 9, 11, 12, 13, 14, 15, 19, 22, 23, 24, 29, 38, 53, 87, 88, 91, 94, 139, 148, 159, 176, 211, 453, C2No service between Romford and Upminster on the London Overground – use bus 370 instead. The Met Office issued a weather warning, saying “freezing fog” had set in across parts of the country and could be slow to clear at times – “perhaps persisting into this evening”. As freezing fog settles across the South East, here are all the travel delays and disruptions taking place in London in the run-up to New Year’s Eve whatsapp These routes will either have ticket acceptance with another operator or a replacement bus service.On Sunday 1 January there will be a Sunday service and on Monday 2 January there will be a Saturday service.On both 1 and 2 January there will be no Southern train services on these routes: Friday 30 December 2016 12:06 pm read more

Hammond becomes latest minister to visit Gulf in UK’s Middle East charm offensive

More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Mark Sands Wednesday 4 January 2017 3:23 pm May, herself, visited Bahrain in early December to attend the Gulf Cooperation Council, while foreign secretary Boris Johnson also visited Saudi Arabia last month.International trade secretary Liam Fox has also visited the region, and Qatari Emir Shiekh Tamim bin Hamad Al Thani visited Downing Street in early September.Read More: Britain can leapfrog the EU to win a free trade deal with the Gulf StatesHammond’s visit will see him stress the UK’s desire to boost trade link and economic ties with the region – UK exports to the Gulf were £20.4bn in 2015, about 4 per cent of total exports.Hammond will meet political leaders from all three nations, as well as holding talks with sovereign wealth funds and local investment authorities.Arriving in the Gulf, he said: “There is huge potential to expand our economic and investment relationships with our Gulf allies in the future and in the last few weeks we’ve seen a number of significant investments into the UK which are a real vote of confidence that together we can seize the opportunities that lie ahead.” Hammond becomes latest minister to visit Gulf in UK’s Middle East charm offensive Chancellor Philip Hammond has become the latest government minister to visit the Middle East as part of the UK’s ongoing charm offensive aimed at Gulf states.Hammond will visit Kuwait, UAE and Qatar, following in the footsteps of a several senior figures in Prime Minister Theresa May’s regime. Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutHealthyGemBaby Has Never Eaten Sugar Or Carbs, Wait Till You See Her TodayHealthyGemMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical Mattersmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.com whatsapp read more

Mayor unveils plans to address skills shortages in London’s film industry and bump up investment

Tuesday 31 January 2017 10:01 am whatsapp Share The film industry contributed £1.2bn to London’s economy in 2016 and figures released last week found that the UK film industry – much of it based in the capital – reported inward investment went up 18 per cent to £1.35bn last year.At the moment, London is the third busiest city for film production globally, behind Los Angeles and New York. Read more: Tax breaks for British film industry given go-ahead by EUHe said: whatsapp Rebecca Smith by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped Speed2021 Buicks | Search AdsIntroducing The Head Turning 2021 Buicks!2021 Buicks | Search AdsLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads From upcoming films Star Wars: The Last Jedi and The Mummy to the recent successes of Bridget Jones’ Baby and Brotherhood, the capital’s film industry is currently enjoying record investment and I’m committed to making sure that it continues to flourish, making London the best, most inviting place for film production in the world.In order to achieve this, we need to ensure we continue to attract the brightest, most diverse creative talent to London and we need to invest in the kind of physical infrastructure that will ensure our city remains competitive on the global stage. Mayor unveils plans to address skills shortages in London’s film industry and bump up investment The mayor will launch his first Cultural Infrastructure Plan – to identify what skills are needed to maintain London’s position as a “cultural powerhouse” – in its entirety next year. He has previously spoken of the need for London to plan for the future with arts and culture as it does with transport.Read more: “Shameful and cruel”: London mayor Sadiq Khan reacts to Trump’s banKhan has also fleshed out plans for a bumper new film studio complex in Dagenham, which the mayor says should enable London to bid successfully for more overseas film productions and attract more investment.He’s appointed consultants SQW, BBP Regeneration and Richard Miller from the University of Hertfordshire to undertake the feasibility study for what would be London’s largest new film studios in Dagenham East.Speaking to industry leaders at the Double Negative Visual Effects in Soho today, Khan said the capital can’t afford to be complacent in times of “unprecedented political and institutional change”, as well as global competition. London mayor Sadiq Khan has announced his plans to make the capital the “world’s most film-friendly city” – including the launch of a Cultural Infrastructure Plan.He will deliver a new skills strategy, alongside Creative Skillset and Film London, to identify shortages within London’s film industry, establish ways into the sector for talented creatives and encourage a range of people from diverse backgrounds to enter the industry by developing talent pipelines. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comConnecticut man dies after crashing Harley into live bearnypost.com read more

Sales of bad debt top €100bn in 2016 as Europe’s banks try to put crisis behind them

Thursday 16 February 2017 3:45 pm The stock of NPLs is seen as a major threat to the European banking sector by the European Central Bank (ECB). The “resolution of non-performing loans in the banking sector” is a “prerequisite” for further credit growth, according to the latest minutes from interest rate policymakers at the ECB.Read more: Big five banks run up £100bn bill in bad loans and legal costsDavid Edmonds, global head of portfolio lead advisory services at Deloitte, predicts continued growth in loan sales in the face of continued high demand.He said: “I believe European loan sales could surpass €200 billion this year. The ECB is sending very clear signals to the banking sector that it’s time to deal with the ‘hangover’ of NPLs left over from the last financial crisis and start focusing on future lending.”The loan books have been bought at knock-down rates by other banks and fund managers. Fortress Investment Group was the biggest buyer, according to Deloitte. The American investors recently bought a €17.7bn tranche of loans from Italy’s Unicredit.Private equity firm Cerberus was the second biggest buyer, followed by Lloyds Banking Group. Share European loan sales broke through the €100bn (£85bn) mark in 2016 as struggling banks look to offload big books of bad debt.Italian loan sales more than doubled year-on-year to comprise €36bn (£30bn), almost a third of the total European sales, according to analysis by Deloitte. whatsapp whatsapp Jasper Jolly Italy’s Unicredit was the biggest seller, followed by the Irish “bad bank” Nama (National Asset Management Agency).Read more: Italian parliament signs off on €20bn bank bailout fundThe UK banking sector saw sales reduce by two-thirds to €13bn (£11bn), reflecting relatively earlier moves to resolve vulnerabilities on banks’ balance sheets.[custom id=”200″]The sales of non-performing loans (NPLs) and non-core assets form part of efforts by banks to put the global financial crisis behind them. During the crisis default rates soared as debtors struggled to service loans. Loans are deemed to be non-performing if they have not been serviced for 90 days or more. More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comPuffer fish snaps a selfie with lucky divernypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.com Sales of bad debt top €100bn in 2016 as Europe’s banks try to put crisis behind them read more

Trump has named Lt Gen HR McMaster as his new national security adviser after Mike Flynn lasted just three weeks in the job

Tuesday 21 February 2017 8:19 am whatsapp Share whatsapp “It’s a perfectly legitimate decision to use the full impact of an invitation to maximise the diplomatic significance of a state visit at the start of President Trump’s term in office,” he said.Duncan added that neither the timing nor the content of the visit have been planned. Trump has named Lt Gen HR McMaster as his new national security adviser after Mike Flynn lasted just three weeks in the job Trump had interviewed several generals over the weekend to replace Flynn, including retired general Keith Kellogg and former UN ambassador John Bolton.Read more: The Sweden Incident: Twitter reacts to Donald Trump’s confusing commentsMcMaster’s role will involve serving as an independent adviser to the President on issues relating to national security as well as foreign policy. Yesterday, MPs debated Trump’s state visit to the UK, after 1.8m people signed a petition calling for it to be scrapped.Foreign office minister Sir Alan Duncan said the honour was “entirely appropriate”. His appointment comes after retired vice admiral Robert Harward turned down the role and David Petraeus, former general and CIA chief, was removed from the running.Read more: Trump’s state visit “entirely appropriate” says foreign office ministerIt followed a flurry of controversy after Flynn was forced to resign after misleading the White House about conversations he had with the Russian ambassador to the US.During the announcement at Trump’s Mar-a-Lago club in Florida, McMaster thanked Trump for the appointment and said he looked “forward to joining the national security team and doing everything that I can to advance and protect the interests of the American people”.McMaster is a widely respected military leader, who has served in Iraq and Afghanistan, where he worked on a government anti-corruption drive. He has also written a book criticising the military’s top brass for failing to sufficiently challenge civilian leaders during the Vietnam War. President Donald Trump has named Lt General HR McMaster as national security adviser, his replacement for Michael Flynn.Trump called McMaster “a man of tremendous talent and tremendous experience”. Rebecca Smith read more

Be under no illusions: The National Living Wage will cost jobs

We also have to drill down into the groups we think a minimum wage impacts. Only around 5 per cent of the UK workforce is currently paid at the minimum rate. The median annual wage is about double what working full time at the minimum would earn you. It would be very surprising if hikes had any negative impact on those paid well above the base.Read more: HSBC marks out the winners and losers from the national living wageFinally, minimum wage impacts are not linear. Taking the minimum from zero to £2 per hour will not have the same impact as taking it from £7 to £9 per hour. We would expect rapidly increasing downsides from each extra pound we add as we get higher.All of these difficulties make the specific pay floor rate, like the Bank of England’s base interest rate, a poor candidate for party-political tussle, and until 2015’s Autumn Statement this was widely accepted. The Low Pay Commission (LPC), staffed with industry figures and labour economists, set the minimum wage, raising it as little as 4p at times when it thought bigger hikes would be risky.As I show in my new Adam Smith Institute paper, out today, this all changed with the National Living Wage, which replaces the old minimum for over-25s. The LPC has been relegated to determining the exact path of increases while then-chancellor George Osborne chose the goal, an arbitrary 60 per cent of median earnings by 2020. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Friday 24 February 2017 6:00 am whatsapp whatsapp This is Milton Friedman’s “thermostat example” and, although he used it to explain Federal Reserve policy and inflation, it’s applicable to the minimum wage as well.Imagine you have a skilled body setting minimum wages in order to try to help those at the bottom without causing unemployment. If they’re doing their job correctly, you will observe no link between hikes in the minimum wage and employment – precisely because they only increase the rate when they don’t think it’ll put anyone out of work.Read more: National living wage pushes thousands of companies into financial distressBut even being aware of this paradox is not enough. Firms do not for the most part hire labour and machines on a job-by-job basis; they make plans that last for months, years and, in some cases, decades. Even if a minimum wage hike makes employing certain staff uneconomic in the long run, in the short run they cannot simply sack them all tomorrow and immediately switch to fewer, higher-skilled employees, or robots.They will adjust slowly and over time. If minimum wages have an impact, they will have an impact steadily, reducing employment growth, rather than causing firms to immediately ditch workers. Imagine that you didn’t know how cold weather and turning on the heat affected the temperature of a room.You’d watch the boiler burn more or less gas, and you’d watch the weather get colder and hotter, but if the thermostat and central heating were working properly there’d be no change in the temperature of the room. If you didn’t already know, you’d learn nothing – you would probably even conclude that boilers and weather had no effect on how hot rooms were. Be under no illusions: The National Living Wage will cost jobs Share Read more: Should employers cutting perks because of NLW be blamed?No, we have not seen immediate job losses, but then again few of the sceptics predicted them. But over time, the path for employment will be worse: the OBR, the official economic forecaster, reckons 60,000 fewer jobs will be created under the system. The bigger worry is that the issue becomes a political football. While the LPC decided independently, politicians could not fight a “race-to-the-top”, offering visible wage hikes to voters, hoping they wouldn’t notice their invisible costs. Now, that is a very real prospect.The only upside is that the thermostat example will no longer be applicable. If government is setting minimum wages with no thought at all for their wider and long-term labour market impacts, then we could well see a relationship between hikes and unemployment. That might be nice for economists like me; I suspect the unemployed whose jobs never get created might disagree. Ben Southwood read more

Letter: Reform business rates entrepreneurs tell chancellor ahead of Spring Budget

Entrepreneurs, startup founders and tech leaders have penned an open letter to chancellor Philip Hammond ahead of the Spring Budget calling for business rates reform.Dear chancellor, whatsapp Gerard Grech, chief executive, Tech City UKMax Kelly, chief executive, TechstarsRob Liddiard, co-founder and chief executive, YapsterPeter Wake, founder, StorIQBecca Williams, founder, Antidote communications Danni Leith, founder, Leith Furniture Al Maxwell, founder, StringPajani Singah, director, Montague Media and Music for LondonEdo Cannarsa, founder and managing director, EspressGo​Renaud Million, chief executive Spikii Iggy Hammick, founder, Dark BlueWill Carmichael, chief executive, RoosterMoneyNadav Raviv, founder, Link BigJames Dyer, founder, SwishCharlie Bevan, founder, Pebble StudioAnthony Impey, chief executive, OptmityMary-Clare Gribbon, founder, GribbonberryAimen Chouchane, director, Challenger whatsapp Tuesday 7 March 2017 4:00 am Lynsey Barber by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDo It HousesEasy Hacks That Would Make Your Life EasierDo It HousesHealth.recetasgetWhat Are The Early Signs Of Colon Cancer? 5 Signs To Watch Out ForHealth.recetasgetWork From Home Jobs | Search AdsWork From Home Jobs in Scottsdale Might Amaze You.Work From Home Jobs | Search AdsMovie JewelMorgan Freeman Ruined His Multi-Million Dollar Ranch To Protect The PlanetMovie JewelArticlesmansionWoman’s Car Gets Vandalised, Then She Finds Out It’s Much More DeadlyArticlesmansionCarsGeniusThe 10 Best SUVs For Dirt CheapCarsGeniusWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdAuto carLook: Top 5 best pick-up trucks 2021 | AutocarAuto carGMTMThree Easiest Things High School Athletes Can Do To Get RecruitedGMTM Share As members of London’s technology community, we urge you to consider specific measures that will ease the rates burden for early stage companies. For example, a three year exemption for new businesses would allow startups to develop intellectual property, establish contacts within our thriving technology ecosystem and give them the best chance of generating significant value for the economy, including the public finances.The London technology community is eager to work with the Government to develop a more progressive approach to business rates so that London can continue to nurture innovative entrepreneurism and driving growth for the next generation of British technology companies.Respectfully yours,James Layfield, founder, Central WorkingRuss Shaw, founder, Tech London Advocates More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com In recent years London has established itself as Europe’s top destination for technology startups. Our capital has gone above and beyond to welcome and nurture some of the world’s most innovative digital companies, with great success.More than 40,000 technology businesses are already headquartered in Inner London, employing more than 250,000 people. Oxford Economics has forecast that London’s digital industries will generate an additional 46,000 jobs and £12billion of economic value.However, we are sure you are acutely aware that our leading position and current momentum are under threat. Rival technology hubs such as Amsterdam, Berlin and Paris are looking to capitalise on Brexit uncertainty by aggressively marketing to British startups. A significant rise in business rates will only strengthen their hands.London’s startup community have had to contend with spiralling property values and increasing commercial rents for some time. These latest proposed changes to business rates will force many to shoulder additional costs, or even consider relocation, at a time when it has never been more important for us to promote our city’s global reputation as a welcoming, supportive place to start and grow a business.We welcome any short term relief you are able to provide to help those who would be worst affected by higher rates. However, we believe that the time has come for a full scale review of the business rates regime. This should start with an open dialogue with industry to explore how the system can better reflect our changing economy. Letter: Reform business rates entrepreneurs tell chancellor ahead of Spring Budget read more

EU regulator calls for access to UK deal insurers in event of hard Brexit

first_img Share whatsapp EU regulator calls for access to UK deal insurers in event of hard Brexit Thursday 4 October 2018 4:56 pm The call was welcome by TheCityUK, a industry body which represents the UK-based financial and related professional services industry.Read more: Deal or no deal: Do UK supply chains have what it takes?It chief executive, Miles Celic, said: “This call for a temporary permissions regime is an important step forward and one which is long overdue.”“While the industry is taking every action to prepare for the unwelcome possibility of a no deal Brexit, issues like contract continuity in insurance and clearing require additional support from regulators and legislators,” he said.“We now need regulators on both sides of the Channel to work together towards a broader and fully joined up approach to no-deal planning. This is critical to ensuring wider European financial stability and for providing certainty to customers and clients.” Clearing houses (CCPs), which have becoming an increasingly integral part of dealmaking, are insurers which balance risk between the sellers and buyers, and make sure that transactions are completed if a party defaults.Banks on both sides of the UK border have expressed fear that, in the event no deal is reached, they would lose access to LCH, a clearing house which processes the vast majority of Euro-denominated interest rate swaps.Read more: May unable to guarantee no hard Irish border in case of ‘no deal’ BrexitIn a speech yesterday, ESMA chair Steven Maijoor said: “we need to ensure continued access to UK CCPs for EU clearing members and trading venues”, adding that losing access could result in “risks to the stability of EU financial markets.”Contract continuity has become an area of increasing precarity as firms brace for the possibility of a no-deal Brexit. 36m insurance policyholders across the UK and EEA, and £26 trillion of outstanding uncleared contracts for derivatives could be impacted if the UK fails to reach a solution with EU negotiators. Tags: Brexit Insurancecenter_img whatsapp Louis Ashworth More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.com The chair of the European Securities and Markets Authority (ESMA) has called for measures which would allow EU firms to access clearing houses based in the UK in the event of a no-deal Brexit.last_img read more

HSBC, Credit Suisse and Standard Chartered join boycott of Saudi conference over missing journalist

first_img Callum Keown whatsapp Share The banking trio have joined a plethora of influential figures and businesses to pull out of the three-day event following the disappearance of journalist Jamal Khashoggi.The US resident and Saudi critic has not been seen since entering the Saudi consulate in Istanbul on 2 October.Read more: Google joins the list of firms deserting next week’s Saudi business summitUS Secretary of State Mike Pompeo landed in the kingdom on Tuesday and met Saudi foreign minister Adel al-Jubeir, while Turkish officials are poised to search the consulate for a second time as diplomatic tensions rise.HSBC said its chief executive John Flint would no longer be attending the Future Investment Initiative, hosted by the Saudi crown prince Mohammad Bin Salman next week. whatsapp Standard Chartered also confirmed its boss Bill Winters had withdrawn and Credit Suisse chief executive Tidjane Thiam has also cancelled plans to travel to Riyadh next week.Google Cloud boss Diane Greene also withdrew on Tuesday.The moves follow a series of high-profile withdrawals, which include JP Morgan boss Jamie Dimon and Ford chairman Bill Ford withdrew from the event yesterday.Uber chief executive Dara Khosrowshahi, Viacom boss Bob Bakish, AOL founder Steve Case, Mastercard CEO Ajay Banga and Sotheby’s chief executive Tad Smith have also cancelled plans to attend.London-based Deloitte, EY and PwC are all still listed as “knowledge partners” of the three-day conference and failed to respond when asked if this position had changed. More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tuesday 16 October 2018 12:09 pm HSBC, Credit Suisse and Standard Chartered join boycott of Saudi conference over missing journalist Read more: Finance chiefs desert Saudi business summitLondon Stock Exchange chief executive David Schwimmer also remains a scheduled speaker and LSE would not comment on whether his attendance was being reviewed.The Saudi Arabian sovereign wealth fund, hosting alongside the crown prince said the event would go ahead as planned with more than 150 speakers, despite the guest list dwindling day by day. The chief executives of HSBC, Credit Suisse and Standard Chartered have become the latest business leaders to withdraw from a high profile Saudi investor conference next week. Tags: Trading Archivelast_img read more

Politicians urge London Stock Exchange to cancel meeting with Saudis after Khashoggi killing

first_img Politicians urge London Stock Exchange to cancel meeting with Saudis after Khashoggi killing Several business and political leaders, including international trade secretary Liam Fox and US treasury secretary Steve Mnuchin, pulled out of a major conference for foreign investors held in Riyadh last week, amid news of Khashoggi’s death. David Schwimmer, chief executive of the LSE, was among them.Pressure is growing for an full inquiry in Khashoggi’s death, after Saudi Arabia repeatedly changed its story on what had happened writer, a Washington Post columnist, in its embassy earlier this month. Some European countries have called for companies to stop selling arms to Saudi Arabia until there is a full investigation.US defence secretary Jim Mattis said today that he had called for a full, transparent investigation into the killing during a meeting with Saudi Arabia’s foreign minister at a conference in Bahrain yesterday.“We discussed it. You know the same thing we talked about, the need for transparency, full and complete investigation,” Mattis told reporters.“(There was) full agreement from foreign minister Jubeir, no reservations at all, he said we need to know what happened and it was very collaborative, in agreement,” Mattis added. Share whatsapp Louis Ashworth Sunday 28 October 2018 5:29 pm Senior politicians have called on the London Stock Exchange Group (LSE) to cancel a planned meeting with Saudi officials amid the international fallout from the killing of journalist Jamal Khashoggi. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Speaking to City A.M., shadow chancellor John McDonnell and Liberal Democrat leader Vince Cable both urged the LSE to scrap an “Investing in Saudi Arabia” breakfast planned for Tuesday, which is expected to be attended by several Saudi grandees including its stock exchange chief.The Gulf kingdom has been under growing pressure from politicians and business in recent weeks, as it scrambled to explain the disappearance and death of Khashoggi, a critic of its government, after he visited the country’s consulate in Istanbul, Turkey.On Friday, the Financial Times reported that the FTSE Russell – owned by the LSE, which controls assets including the FTSE share index – would be hosting several Saudi officials, including Mohammed El Kuwaiz, chairman of the Saudi financial regulator and Khalid Al Hussan, chief of its stock exchange, for an “educational briefing” for potential investors.Details of the event are limited, and there is no official description on the FTSE Russell or LSE websites.Cable, the former business secretary, said it would “be wrong for this meeting to go ahead as planned.” Tags: Company John McDonnell London Stock Exchange Group People “Saudi Arabia must first answer for what has happened,” he said. “As for the UK government, they should have already suspended arms export licences to Saudi Arabia.”McDonnell, who has called for sanctions to be placed upon the country, said “Until the issues of the role of the Saudi regime in both the barbaric attacks on Yemen and the murder of Jamal Khashoggi are resolved this is hardly the time for engaging in this activity,” “If we are to secure any movement from the Saudi regime we have to be firm in the message we are sending to it with regard to our intolerance of human rights abuses and abusers,” he told City A.M.An LSE spokesperson declined to comment.The group launched a partnership with Saudi Arabia earlier this year, with its chair Donald Brydon saying the UK was a “natural partner” to work with the country as it undertakes a high-profile programme of economic diversification under its crown prince, Mohammed Bin Salman. whatsapplast_img read more