Market News

US wasting $10bn upgrading ‘liability’ nuclear bombs in Europe

Donald Trump has embraced the modernisation of the US nuclear arsenal Newsweek A new report claims that the US is wasting $10bn (£7.1bn) upgrading nuclear bombs, some of which are based in Europe, that are no longer an effective deterrent and potentially represent a “catastrophic” security liability. Approximately 150 B61 bombs, first produced in 1968, are based in Italy, the Netherlands, Belgium, Germany and Turkey. The weapons were, and still are, intended to serve as a deterrent to Russian aggression in [...]

Facebook executive contradicts Mueller indictment

Hannah Kuchler in San Francisco February 18, 2018 A Facebook executive has argued the Russian disinformation campaign uncovered by the Mueller indictment was not intended to sway the US presidential election, after the Investigation showed how Russians distributed propaganda on the platform. Rob Goldman, vice-president of advertising, tweeted that the majority of money the Russians spent on advertising was spent after the election – and that their real motivation was to divide the American people.  “The main goal of the Russian [...]

Beware headline rates and check all fees to get the best mortgage deal

BEST-BUY mortgages are often more expensive than home loans with higher headline rates, potentially costing borrowers thousands of pounds. Indeed, Ishaan Malhi, chief executive and founder of online mortgage broker Trussle, said that many of the lowest-rate deals on the Market come with high upfront fees buried in the small print. “The way that mortgages are being displayed is at best inconsistent and at worst misleading,” he said. “Borrowers are enticed into making [...]

Overnight closures and traffic diversions on the M3 for resurfacing

OVERNIGHT closures will be imposed on the M3 for nearly a month to allow for resurfacing work. The M3 southbound will be closed from junction 7 at Dummer to junction 9 at Winnall at Winchester overnight, between 9pm and 6am, from Tuesday February 20 for 18 nights, Monday to Friday only. It is due to finish on Thursday March 15. A signed diversion will be in place via the A33 from Basingstoke to [...]

Oil cuts may take big toll on Russian economy | City & Business | Finance

Cuts in crude production as part of the Organisation of the Petroleum Exporting Countries-led (OPEC) supply pact could deal a major blow to the oil-dependent Russian economy. In October 2016 Russia pledged to cut output by 300,000 barrels per day from the peak of 11.247million. OPEC, Russia and other exporters have agreed to maintain their restriction on crude supply for a second year to reduce stockpiles and support prices. But the cuts could have a “negative impact on economic growth”, Russia’s [...]

Theresa May might cut student fees to £6,000 per year in radical university review

University tuition fees have been a contentious topic ever since their introduction IBTimes UK Theresa May is set to unveil details of the government’s landmark review of higher education funding in England, and may announce reduced tuition fees or amended interest rates on student loans. Options being considered include the reduction of tuition fees from £9,250 to as low as £6,000 per annum. The prime minister will deliver the speech on 19 February. Any cuts in fees could be achieved by scrapping [...]

FCC: Bitcoin Miner Interfered With T-Mobile Network

The U.S. Federal Communications Commission (FCC) warned a New York City resident this week that his Bitcoin mining hardware was interfering with a broadband network operated by T-Mobile. The FCC issued a “Notification of Harmful Interference” to Victor Rosario, dated Feb. 15, informing him that the Commission received a complaint from T-Mobile regarding interference with its network. It said that through “direction finding techniques,” the FCC Enforcement Bureau determined that the Antminer S5 mining product in his residence was [...]

Brazilian military to take control of security in Rio de Janeiro

Andres Schipani in São Paulo February 17, 2018 The Brazilian military is to take control of security in Rio de Janeiro amid a vicious crime wave that has hit the city’s famous carnival in what is the first intervention of the armed forces since Latin America’s largest country returned to democracy three decades ago. President Michel Temer, who signed the decree on Friday that will be in place until the end of the year, called it an “extreme measure”. “You know that organised [...]

The McDonald’s happy meal cheeseburger isn’t being removed

This morning, multiple news outlets in Australia reported that McDonald’s is removing cheeseburgers from the Happy Meal menu in a bid to encourage kids to make healthier choices. Don’t believe it. McDonald’s has confirmed that the Happy Meals cheeseburger is here to stay. Hurrah!As is so often the case with these sorts of stories, the announcement refers to changes in overseas Markets and has nothing to do with the Australian franchise. McDonald’s Australia released the following statement to [...]

Global equity sell off knocks £50 billion off FTSE 100

NEARLY £50 billion was wiped off the FTSE 100 as the London Market fell prey to a global stock sell-off sparked by fears that rising inflation could force central banks to hike interest rates. London’s blue chip index ended the day down 2.6 per cent or 193.58 points at 7,414.4 points – marking its lowest close since April 2017 – a decline mirrored by both the German Dax and French Cac 40 – which each [...]