The Magical Lantern Festival returns to London for a spectacular Chinese New Year celebration

Share whatsapp (Source: Getty) Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndo This year’s theme is ‘Explore The Silk Road’, which allows visitors to retrace the ancient Silk Route, which saw China trading its precious silk and commodities. 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comPuffer fish snaps a selfie with lucky divernypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com The Magical Lantern Festival returns to London for a spectacular Chinese New Year celebration The Magical Lantern Festival has returned to illuminate Chiswick House Gardens with a spectacular fairytale world of light inspired art and sculptures.Taking place until 26 February – the garden’s 65 acres have been decorated with over 50 illuminated, brand new installations in celebration of the Chinese New Year of the Rooster. (Source: Getty)There will be a full-size replica of the ship that Chinese Admiral Zheng used on his trade explorations as well as a giant fire rooster. Be sure to look out for the enormous luminous sculpture of the Houses of Parliament – it might just make your day.Other than the extraordinary displays, you can expect to see an ice rink, fully equipped ice bar and some fairground rides – so you can make a day of it. In case you get peckish there’s plenty of international street food, hot drinks and unique gifts to remember the experience. Nina Edy whatsapp The festival is open to the public from Thursday to Sunday 5pm to 10pm and last entry is at 9pm. Tickets are to be purchased online in advance.In other news – the Chinese New Year celebrations are expected to cause an uplift in sales in the West End as Chinese citizens opt to travel to their go-to shopping destination to enjoy the holiday, says The West End Company. Thursday 26 January 2017 2:43 pm read more

Tower Hamlets regains its powers two years after corruption scandal

More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Helen Cahill Read more: Tower Hamlets invests in its image with new PR bossMeanwhile, the council has set up a “Clear Up Team” to look into former council decision-making. In April 2015 Rahman was booted out as mayor following a High Court ruling that found him guilty of electoral fraud.Then, in October last year, a colleague of Rahman, councillor Shahed Ali, was jailed for five months for housing fraud, after a legal battle that cost the council £70,000 in legal fees. John Biggs, mayor of Tower Hamlets, said: “This is a real vote of confidence in the progress we have made turning the council around and putting right the mess left by the previous mayor.”Of course there is more work to be done and I want to see full control returned to the council as soon as possible, but today’s announcement shows we are on the right track and making a real difference for the people of Tower Hamlets.” Tower Hamlets has had most of its powers returned two years after a corruption scandal that saw its mayor, Luther Rahman, removed from office.Today the department for communities and local government (DCLG) said that Tower Hamlets once again has power over awarding contracts and grants. DCLG also removed one of the four government-appointed commissioners that have been charged with overseeing council processes. Tower Hamlets regains its powers two years after corruption scandal whatsapp whatsapp Share Friday 17 March 2017 4:39 pm read more

Moulton to strike Finncap merger with Cavendish

first_img Share Read This Next20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamour’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapTop 5 Tips If You’re Losing Your EyebrowsVegamourRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamour Moulton to strike Finncap merger with Cavendish Tags: Company Sky Tuesday 23 October 2018 11:11 pm Sebastian McCarthy center_img Veteran venture capitalist Jon Moulton, who bought Finncap eight years ago, is rumoured to be setting up the deal that would combine the two businesses, with plans to list the company on London’s junior Alternative Investment Market (Aim).Cavendish, which advises on the sell side of mergers and acquisition, was founded by the Conservative Party’s former treasurer Lord Leigh 30 years ago.The deal to establish an advisory and capital markets business would value the firm at £45m.The news comes amid growing efforts to consolidate within the market for servicing small-cap firms, with government changes to the way brokers can charge for research hitting mid-sized companies.Sources told Sky the deal would be “a win-win” for the parties and their employees. City broker Finncap is gearing up for a merger with Cavendish Corporate Finance later this week, according to Sky News reports this evening. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman files for divorce after seeing this photoMisterStoryBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsHero Wars This game will keep you up all night! Hero Wars One-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny whatsapp whatsapplast_img read more

The next Prime Minister? Six MPs who could succeed Theresa May

first_imgWednesday 12 December 2018 2:57 pm Share Owen Bennett whatsapp Johnson, complete with a slimmer waistline and neater haircut, was spotted walking through one of Parliament’s cafes with Owen Paterson on Wednesday morning – just hours after Paterson had put in a letter calling for Theresa May to go.Strength: CharismaticWeakness: Serious times need serious people…is that really BoJo?Odds (to be next Prime Minister): 5/1Dominic Raab Dominic Raab quit as Brexit secretary last month (Source: Getty)The second Brexit secretary to quit this year, Dominic Raab was being talked up as a future Conservative party leader long before he was promoted to Cabinet.A lawyer by trade who worked in the Foreign Office, Raab could present himself as a level-headed operator ready to take over the negotiations in a heartbeat.He has the advantage of being seen as a break with the old guard.Strength: Has the right ratio of experience to baggage. Penny Mordaunt says the PM has ‘her full support’ (Source: Getty)The international development secretary has struggled to hide her disapproval for Theresa May’s Brexit deal, and repeatedly asked for a free vote when it comes before MPs.A Brexiteer in instinct and practice, she played a low key role in the Vote Leave campaign in 2016, but since joining the Cabinet, Mordaunt has been active in taking on the sex scandal involving aid agencies.Popular with the armed forces – which is always useful if you want to be Tory leader.Strength: Has Cabinet experience without being seen as the old guard.Weakness: Just a bit too low profile to beat more established figures.Odds: 33/1Michael Gove The next Prime Minister? Six MPs who could succeed Theresa May David Davis (left) shows EU negotiator Michel Barnier Number 10 (Source: Getty)A lazy politician who doesn’t read his brief, or a wheeler-dealer who can get deals done: they seem to be the two main views of David Davis.He was the future once in 2005, until a young man called David Cameron stole the leadership of the party away from him with a promise of modernising the Tories.Davis’s tenure as Brexit secretary generated more heat than light, and since his resignation he’s not been shy in blaming government officials for undermining his negotiating position.Hard to place in a political tribe, Davis is happy to work with anyone to get what he wants, including now-Labour peer Shami Chakrabarti, in a row with the government over civil liberties in 2008.It may be that he strikes a deal with Dominic Raab – who used to work for him before becoming an MP – to secure the top job.Strength: He knows Brussels.Weakness: He’s already failed once.Odds: 20/1Sajid Javid whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.com Sajid Javid took over from Amber Rudd as home secretary in April (Source: Getty)The home secretary is hard to pin down when it comes to Brexit, which could be a strength and a weakness.Widely seen as a eurosceptic, he nonetheless backed Remain in the 2016 referendum, much to the anger of his Brexiter colleagues.Since being promoted to the Home Office in April, he has been seen as rediscovering his eurosceptic edge, but is ultimately still endorsing Theresa May’s deal.Its also worth noting many Tory MPs are unhappy with his inability to squeeze more money out of the Treasury to boost police funding – an issue repeatedly brought up on the doorsteps.Strength: Not seen as a headbangerWeakness: Not seen as anythingOdds: 7/1Penny Mordaunt Tags: Boris Johnson Brexit David Cameron Michael Gove People Sajid Javid Theresa May Boris Johnson quit cabinet over May’s Brexit deal and has pilloried it from the sidelines ever since (Source: Getty)It feels like Boris Johnson has been running a continuous leadership campaign since about 2007, but the former London Mayor famously ducked the challenge in 2016 after being knifed by Michael Gove.His tenure as foreign secretary did little to cover himself in glory (“F*** business” was one of his more enduring interventions) but he still has as loyal band of followers who believe he is the man to unite the country. Weakness: Didn’t seem to realise just how much trade goes through Dover.Odds: 5/1David Davis  Michael Gove was widely expected to quit after May unveiled her Brexit deal, but has backed it (Source: Getty)It would be some turnaround for Michael Gove if he was to become Prime Minister.Banished from government after betraying Boris Johnson in 2016, Gove was the very definition of a loyal backbencher during his time in the wilderness.His tenure as Defra secretary since 2017 has been carried out with his usual gusto and enthusiasm, and he has often been the first out of the blocks to defend May’s Brexit plans when others have been walking away.Gove certainly has the experience and intellectual ability to do the job, but with Remainers not liking him for pushing for Brexit, and Brexiters unhappy with him backing the deal, it’s hard to see how he would get through to the final ballot.Strength: No one knows the detail better.Weakness: Would you trust him?Odds: 10/1 If Theresa May loses a vote of no confidence on Wednesday evening, the starting gun will be fired on who will be the next Prime Minister.With no obvious candidate to succeed her, the race to Downing Street is set to be highly unpredictable. City A.M. looks at six of the most likely candidates:Boris Johnsonlast_img read more

JP Morgan disappoints as Wall Street’s dire December claims another scalp

first_img Callum Keown Tuesday 15 January 2019 2:34 pm JP Morgan disappoints as Wall Street’s dire December claims another scalp whatsapp Fixed income trading fell to $1.9bn (£1.5bn), its lowest since the financial crisis.It comes after Citi’s disappointing fourth quarter results yesterday, which saw the income at the bank’s bond trading division slashed by 21 per cent.The third-largest US bank reported a surprise two per cent fall in revenue yesterday, again due to market volatility, particularly in December.Despite volatile trading conditions, JP Morgan reported a 67 per cent rise in profits to $7.1bn, a fourth quarter record.But at $1.98 per share, it came in slightly below analysts’ expectations of $2.20 per share. whatsappcenter_img It is the first time the bank has posted quarterly profit below forecasts in 15 quarters.Annual earnings jumped 33 per cent to a record-high of $32.5 billion.“Despite a challenging quarter, we grew markets revenue in the investment bank for the year with record performance in equities and solid performance in fixed income,” chief executive Jamie Dimon said.Dimon also turned his attentions to the ongoing political turmoil in the US, and said if the government shutdown continues for the full quarter it could cut growth to zero.He said: “We urge our country’s leaders to strike a collaborative, constructive tone, which would reinforce already-strong consumer and business sentiment. Tags: Trading Archive Share “Businesses, government and communities need to work together to solve problems and help strengthen the economy for the benefit of everyone.” US bank JP Morgan saw its bond trading revenue plunge 18 per cent at the end of last year as Wall Street’s dire December claimed another major scalp.The bank – a bellwether for the financial industry – said “challenging market conditions” caused revenue declines in credit trading, rates and commodities, as it published results for the fourth quarter of 2018.last_img read more

Did a monkey break your smartphone? Aviva reveals its most unusual insurance claims

first_imgChief executive of Aviva UK Insurance Andy Briggs said: “Insurance is there to protect against the unexpected, no matter how unlikely the circumstance.“In volume and variety, our data on the claims we accepted in 2018 shows that Aviva helped its customers when they needed us most.”The insurance giant cited a number of significant events, such as the storms that battered the country at the beginning of the year and airport problems including the Gatwick airport drone disruption, as total payouts rose from £3.6bn the previous year.Successful claims for individuals and businesses rose by three per cent to 991,700 – and 96 per cent of claims were accepted.Read more: Aviva appoints new CEO to boost shareholder returns Callum Keown whatsapp A horse mounting a car after mistaking it for a female companion, a monkey smashing a holidaymaker’s phone and a gorilla biting a trekkers arm, were just some of claims paid out by insurance giant Aviva last year.The insurer paid out more than £3.8bn last year as the Beast from the East and airport woes led to a spike in successful claims. Did a monkey break your smartphone? Aviva reveals its most unusual insurance claims Airline strikes, IT issues at airports and the Gatwick incident led to a 28 per cent rise in successful travel insurance claims – with 127,500 payouts, Aviva said.The insurer said a major fire at the Liverpool Echo Arena car park on New Year’s Eve 2017 led to more than 120 fire claims, while severe weather in March saw around 7,000 home insurance claims and 3,000 weather-related motor claims. center_img Read more: Aviva share price falls as it warns of ‘muted’ 2019But the company has lifted the lid on some of the more unconventional claims it accepted last year.The horse in question managed to get its front legs up onto the car, leading to Aviva paying for the bodywork to be repaired.It also paid out when a holidaymaker’s phone was snatched and smashed by a monkey and paid for medical bills when a customer’s arm was bitten by a gorilla on a trek.A waxwork business was also reimbursed when cracks emerged in busts of Ben Affleck and Justin Bieber. whatsapp Share Wednesday 10 April 2019 12:39 am Tags: Aviva Company Insurancelast_img read more

Tesla: Nice cars, shame about the bottom line?

first_img Tesla: Nice cars, shame about the bottom line? Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndo Tesla has just announced its first-quarter financial results, and I’m surprised to see the headline figures aren’t good: a loss of $702 million, and an expectation that the company will bear further losses in Q2 (before, it claims, returning to profit in the third quarter). Reading deeper into the detail, Tesla’s cash reserves plummeted by $1.5 billion by the end of March, partly down to the repayment of a near-$1 billion bond. But mercurial chief executive Elon Musk is predictably bullish, and has already raised his eyes to the horizon of more sophisticated technology and the advent of autonomous driving. It’s optimistic, but, in fairness, it’s a lot more positive than some of the headlines that Musk makes.I’ll lay my cards on the table. I’m a Tesla driver, and I love my Model S. It’s a great car, genuinely, and it’s not just me. The Telegraph declared it the most important car of the last 20 years, and one consumer magazine really loaded on the praise, declaring it a “technological tour de force”. So people who drive and buy Teslas are getting a good product. That’s half the battle. The problem is the other half. The company promises to deliver between 360,000 and 400,000 units this year. Bear in mind that in its first five years of production, the Model S only sold 118,817 cars. So rapid growth is pretty much a fundamental part of Musk’s strategy to achieve profitability. And big promises are very much his schtick: going to the moon, or using submersibles to rescue trapped children. All of this means that he’s not taken entirely seriously – his persona diminishes his professional standing.Time will tell whether that’s short sighted of the automotive industry and the wider business community. There’s little question that Musk has an inquiring and creative mind, and has done more to bring plug-in electric vehicles into the mainstream market than anyone since Tesla was founded 15 years ago. His presence has been transformative, and, in a sense, so what if he’s quirky and unpredictable? Innovators often are. I don’t know if Gottlieb Daimler ever smoked marijuana on a radio programme but you often see words like “stubborn” and “determined” whenever his name is mentioned.To be fair to Musk and Tesla, sector analysts have pointed out that the wider car market is not in the best of health. One talked about the “less than glowing trend for profitability in car manufacturing”, and there are problems across the spectrum: the future of diesel, the consolidation of platforms, the economics of engineering, and – whisper it softly – Brexit. So we shouldn’t judge Tesla too harshly just at the moment. In any case, I think received wisdom would suggest that EVs are the most likely way out of the current crisis for the automotive industry. Tesla have been pioneers, of course, but Jaguar Land Rover are openly discussing making their Jaguar range all-electric, and major manufacturers are introducing electric technology at every turn. Even Porsche will introduce an all-electric model next year.I want to close with a more general thought about market development. I’ve been in business for 20-odd years now and I’ve seen a lot of things. But I don’t have a crystal ball. So I don’t know if Elon Musk will succeed in making Tesla a leading player not just in the EV market, but in the car market as a whole. As a customer, I kind of hope he does. But, given that he’s worth north of $20 billion and is still in his 40s, I think he’ll be okay. But it may just be that Tesla becomes another example of the trend that the true innovators tend not to be those who reap the eventual rewards. When you think of the steam engine, you think of James Watt, not Thomas Newcomen. Musk has made a brave stab at automotive construction, in a sector which is notoriously difficult to disrupt. Maybe the big manufacturers, for all their current woes, will swoop in and cash out on his pioneering efforts. Or maybe he’ll buck the trend. Either way, he’s talking a good game at the moment: now he just needs the solid figures to back that up. Let’s see what Q3 brings. whatsapp whatsapp Friday 26 April 2019 8:13 am City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Paul BlanchardPaul Blanchard is founder of global reputation management practice Right Angles, host of the Media Masters podcast and author of Fast PR Tags: Elon Musk People Share Opinionlast_img read more

Burford executive accused of exchanging documents for sex tape in lawsuit

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamazenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.combonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunMisterStoryWoman files for divorce after seeing this photoMisterStory whatsapp Burford executive accused of exchanging documents for sex tape in lawsuit A senior executive at Burford Capital has been accused of unlawfully trading “sensitive” documentas for a sex tape in a $91m (£75m) lawsuit in the High Court. Thursday 22 August 2019 9:37 am Read more: Burford Capital ditches finance chief in response to activist pressure Burford has been fighting to limit the damage inflicted by Muddy Waters’ short attack. The US shortseller released a scathing report into Burford earlier this month, calling it “a poor business masquerading as a great one” and criticising aspects of its accounting and corporate governance.  Share Novoship is arguing that if Ruperti’s claim against it is successful, Burford should compensate it for the full amount.  Lawyers for Novoship said in a High Court claim that Hall and Burford “unlawfully made use of those documents otherwise than for the limited purpose for which they had been given to him”.  “This is not a case against Burford; rather, the claim is brought by Wilmer Ruperti against Novoship, and Burford’s only involvement is that Novoship has claimed that if it is found liable to Ruperti then Burford should step in and indemnify it.” In court documents submitted by Burford, lawyers for the company said it was not liable to Novoship for any loss or damages, and said: “the relevant information was in the public domain and was otherwise not private and confidential”. whatsapp “It is not uncommon for Burford to find itself involved in litigation relating to matters that it has financed, and this case is no exception; this is simply part of Burford’s business,” he continued.  The lawsuit marks the latest battle for the troubled litigation funder, which was subject to a short attack by US firm Muddy Waters earlier this month.  Hall is alleged to have exchanged these “sensitive” documents for “video material of a sexual nature” relating to a US oil billionaire, Harry Sargeant III, the Financial Times reported. Hall is said to have been investigating Sargeant’s assets for another client.   Daniel Hall, co-head of Burford’s global corporate intelligence, asset tracing and enforcement business, is alleged to have supplied confidential documents he obtained while working for Novoship, a Russian shipping group. “Burford believes that the main claim here is meritless and that Novoship’s indemnity claim is also meritless, and the subject of a prior litigation release.”  Burford’s shares were down just over three per cent in morning trading to 788.5p. Novoship are suing Hall and Burford over the alleged trade of information. The lawsuit is part of a wider case, in which Venezuelan shipping tycoon Wilmer Ruperti is attempting to sue Novoship for up to $91m for allegedly breaching an earlier legal settlement.  Anna Menin Main image credit: Getty Read more: US watchdogs receive allegations of manipulation over Burford Capital share price Hall declined to comment on the case. Lawyers for Novoship also declined to comment. Burford chief executive Christopher Bogart dismissed both Novoship’s claim and the wider case as “meritless” in a statement. Burford later said it had identified evidence consistent with “illegal market manipulation” of its shares in the run up to the attack. Financial regulators in the UK and the US are investigating the claims. last_img read more

UK economy posted zero growth even before coronavirus

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comNoteableyAirport Security Couldn’t Believe These Jaw-Dropping MomentsNoteableyzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNinjaJournalistThe Most Expensive Royal Weddings In Royals HistoryNinjaJournalistArticles StoneTeacher Throws Marine Out, He Gets The Last LaughArticles StoneZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Herald The zero growth figure was below analysts’ expectations of a 0.2 per cent expansion, and shows that the pick-up in confidence after Prime Minister Boris Johnson’s December election win failed to translate into higher output. Harry Robertson UK economy posted zero growth even before coronavirus (AFP via Getty Images) Also Read: UK economy posted zero growth even before coronavirus Chancellor Rishi Sunak is today set to unveil a number of spending measures to tackle coronavirus when he gives the first Budget since the election. He told the BBC on Sunday that the NHS would get “whatever resources it needs”. whatsapp Wednesday 11 March 2020 9:57 am “The dominant service sector also showed no growth in the latest three months with falls in retail and telecoms balanced by strength in rentals, employment and education.” The Bank of England today slashed interest rates after an emergency meeting in an effort to boost confidence and encourage lending in the economy. The cut took the interest rate back to 0.25 per cent, its lowest-ever level. whatsapp The UK economy flatlined in January, data has shown, as industrial production contracted and the services sector struggled even before coronavirus spread in Britain. Threadneedle Street’s monetary policy committee (MPC) said: “Temporary, but significant, disruptions to supply chains and weaker activity could challenge cash flows and increase demand for short-term credit from households and for working capital from companies.”center_img In the three months to January the UK economy also registered zero growth as the country’s giant services sector stagnated, the Office for National Statistics (ONS) said. ONS head of GDP Rob Kent-Smith said that in the three months to January, “growth in construction, driven by housebuilding, offset yet another decline in manufacturing, particularly the drinks, cars and machinery industries”. (AFP via Getty Images) Also Read: UK economy posted zero growth even before coronavirus Share The Office for Budget Responsibility (OBR) will today release updated forecasts for the UK economy, although the spread of coronavirus could quickly make them out of date. (AFP via Getty Images) Deutsche Bank has said it expects UK GDP to grow by just 0.5 per cent this year due to coronavirus. The zero growth figure for January heightens the chances of a recession – two quarters of contracting output – in the first half the year. The worse-than-expected GDP reading suggests that the UK economy could be hit harder by coronavirus than initially thought. There have now been 382 infections and six deaths from the virus in the UK. The outbreak threatens the economy as people quarantine themselves, offices and factories close, and supply chains around the world are disrupted. Show Comments ▼last_img read more

Corona Crash: Global markets suffer worst day since 1987 as virus spreads

first_imgThe FTSE 100 fell to levels not seen since 2012 as around £160bn was wiped off the index despite the government and Bank of England yesterday unveiling a package of stimulus measures. Main image: Getty Stock markets have now been tumbling for two weeks over fears Covid-19 could badly damage economies, as offices and factories close, demand slumps and supply chains are disrupted.On Wall Street, airlines plummeted 19.6 per cent, while interest rate-sensitive bank shares dropped 10.5 per cent. The FTSE 100 yesterday chalked up its biggest one-day fall since the Black Monday crash in 1987, plunging 10.87 per cent as the scale and likely impact of the coronavirus pandemic became clear. Corona Crash: Global markets suffer worst day since 1987 as virus spreads The action had limited effect on traders, however. The S&P 500 finished down 9.51 per cent, the Dow Jones ended 9.99 per cent lower, and the Nasdaq ended 9.43 per cent down. JP Morgan, Goldman Sachs and Morgan Stanley each announced similar programs yesterday for working remotely. The FTSE 100 fell at the open today as the pound continued its recent rally. Wall Street trading was halted for the second time in a week yesterday after the S&P 500 fell seven per cent within minutes of the market open. Share Clumsy comments from European Central Bank president Christine Lagarde further spooked traders, as she implied the central bank wouldn’t act to calm bond markets. She was later forced to clarify her comments and reassure investors. British Airways owner IAG closed 15.8 per cent lower, while Norwegian Airlines fell more than 22 per cent. Retailer WH Smith — which has a sizeable airport footprint — plunged 21 per cent as it warned of a £40m hit from the coronavirus outbreak. He added that as many as 10,000 Brits could already be infected, as the peak of this disease is several weeks away. In Italy the death toll topped 1,000. whatsapp After a sea of dire corporate warnings across the globe, US stocks also suffered their biggest fall since 1987 before the New York Federal Reserve said it would pump $1.5 trillion (£1.19 trillion) into short-term lending markets. whatsapp The CBOE Volatility index , a gauge of investor anxiety, climbed to levels not seen since November 2008, the height of the financial crisis. As trading ended in the City, Prime Minister Boris Johnson said in a statement that coronavirus is “the worst public health crisis for a generation”. In a sombre speech, he warned “many more families are going to lose loved ones before their time”. Show Comments ▼ Johnson’s words came after a day of brutal share slumps for firms linked to aviation as traders weighed up Trump’s flight ban, which excludes the UK and Ireland. The New York Stock Exchange was said to be considering shutting its trading floor due to the outbreak, while working from home went from optional to mandatory across Wall Street offices. Harry Robertson European stocks suffered their worst day ever, after US President Donald Trump’s decision to bar arrivals from most European countries sparked alarm across continental markets. Friday 13 March 2020 12:01 am Oliver Jones, senior markets economist at Capital Economics, said central bank stimulus is “not going to make a difference” in the near term in the face of “this kind of shock to the economy”. More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orglast_img read more