Labour party launches investigation into move to oust London Assembly member May 1, 2019 The Labour party is investigating alleged irregularities in an attempt by Jeremy Corbyn supporters to oust one of the only two black members on the London Assembly. Florence Eshalomi, the London Assembly member for Lambeth and Southwark, is facing a fight to retain her seat after Labour party members narrowly voted by 88 votes to 81 [...]
UK is ‘nesting a dragon’ by allowing Huawei equipment in 5G network May 1, 2019 The UK will be ‘nesting a dragon’ if it allows Chinese tech firm Huawei to participate in its 5G network, a senior Tory MP has warned. Last week it emerged the government will give the green light for Huawei’s equipment to be used in non-core parts of the network, despite warnings from spy bosses over [...]
US stocks rise as ‘productive’ China trade talk round ends May 1, 2019 US stocks have climbed higher after markets opened following the end of another round of trade talks between the United States and China that treasury secretary Steven Mnuchin called “productive”. Mnuchin flew to Beijing on Tuesday with US trade representative Robert Lighthizer to hold discussions with their Chinese counterparts. Mnuchin today tweeted: “Ambassador Lighthizer and [...]
Facebook ditches blue design as CEO Mark Zuckerberg throws focus on privacy May 1, 2019 Facebook has ditched its trademark blue banner as it re-centres its tools around privacy following a year dogged by data scandals. Chief executive Mark Zuckerberg last night revealed plans to up his social network's focus on private messaging and groups, with a raft of redesigned features to pivot the platform towards a more private experience. [...]
Crossrail’s 2021 delay to cost TfL an extra £1bn in lost revenue, says Moody’s May 1, 2019 The delay to Crossrail until 2021 will cost Transport for London (TfL) £1bn in lost revenue, according to influential rating agency Moody's. The £1bn figure is between £300m-£400m more than TfL had forecasted in its 2018 business plan, published after the announcement in the summer that the £17.6bn railway would not open that December as planned. Read [...]
Jeremy Corbyn described antisemitic book as a ‘great tome’ May 1, 2019 Jeremy Corbyn is embroiled in another antisemitism row after it emerged he wrote the foreword to a book suggesting finance in Europe was controlled by Jews. Corbyn described JA Hobson's 'Imperialism: A Study' – originally published in 1902 – as a "great tome" when it was reissued in 2011. The book claims banking on the [...]
Venezuelan opposition leader Juan Guaido calls for biggest protests in country’s history May 1, 2019 Venezuelan opposition leader Juan Guaido has called for the “largest march” in the South American country’s history to take place today, the day after a dramatic coup attempt. Read more: See Venezuelan crisis first hand, Colombian envoy urges Maduro's UK backers Yesterday saw Guaido take to the streets of Venezuela’s capital Caracas alongside dozens of National [...]
Neil Woodford’s billion-dollar baby turns four May 1, 2019 | City Talk By Dzmitry Lipski from interactive investor. Late last month, Woodford Patient Capital turned four. Having weighed in at launch at £800 million, making it the second-largest UK investment trust launch ever after Smithson Investment Trust, according to the AIC, Woodford's middle child has had some high-profile teething issues along the way. Total assets today stand at [...]
Prepare for take off: Heathrow airport expansion cleared by High Court May 1, 2019 The government today won a legal battle that had sought to stop its proposed £14bn expansion of Heathrow Airport. Read more: Revenue dips at Heathrow despite record passenger numbers Campaigners trying to block a third runway at the UK's biggest airport lost the High Court challenge after the court found that transport secretary Chris Grayling's airport national policy [...]
Tories enraged after Liz Truss gaffe lifts lid on £130,000 dinner between May, cabinet and former Russian politician’s wife May 1, 2019 Liz Truss has accidentally revealed that the wife of a former Russian senior politician and ally of Vladimir Putin paid the Tories £135,000 to have dinner with Prime Minister Theresa May and several other cabinet ministers – via an Instagram post. Read more: Truss urges Tories to back May's deal and says UK should slash [...]
