Tesla announces ‘Powerwall’ domestic energy solution

Tesla announces the development of a rechargeable battery for domestic use

A sustainable home energy solution?

If homeowners could supply all the power they needed from a set of rechargeable batteries, it could transform the domestic energy market for good. Elon Musk, founder of electric car company Tesla, has just thrown his hat into the ring with the launch of a suite of low-cost solar batteries designed to capture and store energy for use in the home, claiming that the technology will help change ‘the entire energy infrastructure of the world’. Read more…

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Hound of Hounslow arrested

 Hound of Hounslow arrested for helping to cause 2010 flash crashThe Hound of Hounslow

In a drama worthy of a movie script, a solo British trader has been arrested for his part in allegedly triggering a multi-billion-dollar US stock market crash from his parent’s west London house. Navinder Singh Sarao, alias ‘the Hound of Hounslow’ is currently being held at the request of US authorities investigating his involvement in the 2010 ‘flash crash’ which sent shockwaves through in the world’s biggest stock market. But how did it happen and why is the Department of Justice so keen to make an example of Sarao? Read more…

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Fed resists early interest rate rise

Low interest rates continue as the Federal Reserve eyes sustained economic recoveryRate rise ruled out

Speculation over an early rise in US interest rates has been quashed following a spring statement from the Federal Reserve. The Fed has indicated that significantly stronger economic performance would have to be demonstrated before it could agree an increase in borrowing costs, in the wake of news that growth has stalled in the first quarter of 2015. Pundits are now betting on rates staying low well into autumn, so what’s dragging the figures down? Read more…

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Barclays sets aside £800m for forex penalties

Barclays profits hit by forex and PPI penalties

British bank faces fresh fines

Barclays has had to carve another £800m off the bank’s bottom line to pay its share of the international forex rigging scandal and to settle further compensation claims for mis-selling payment protection insurance to customers. The bank’s penalties will total around £2bn from regulators in the UK and US charged with investigating the manipulation of the £3.5tn-a-day forex markets. Read more…

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Are you being stalked by Facebook?

Facebook accused of breaches to EU law

Paranoid – me?

Get the feeling that someone’s dogging your footsteps, even on the internet? Well it might not be a case of paranoia after all. While we’re familiar with the concept of browser cookies silently monitoring our preferences and storing them up for future visits, we’re probably not so keen if they’re following our every move.

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Is Greece on track for a Eurozone exit?

Greek crisis reaches turning point as bailout talks stallDon’t mention the war

German Chancellor, Angela Merkel didn’t become the most powerful leader in Europe by being a pushover. Merkel’s government is dominating European politics at the moment, so you might wonder what response Greek Prime Minister, Alex Tsipras, was expecting to his demands for Nazi war reparations at their meeting this week. One can only imagine that Frau Merkel delivered a frosty ‘Nein’, before going on to say that ‘in the view of the German government, the issue of reparations is politically and legally closed.’

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Fancy a trip to Europe? Now could be the best time!

World currency

 

Making your dollar go even further

If you’re hankering after a trip to Europe – exploring the ancient architecture of Rome, climbing the dizzy heights of the Eiffel Tower in Paris or visiting London’s fashion hot-spots, this may be the best time to go.The strength of the dollar is already impacting the price of foreign travel, helping US travellers stay and play for up to 20% less than in recent years. Read more…

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Is the Nordic diet the healthiest on earth?

Salzheringe

 

In the footsteps of Vikings

It’s often said that ‘you are what you eat’ – if it’s true then new evidence suggests that rather than aiming to imitate the southern Europeans in their Mediterranean-style diet, we should, instead, be eating like Vikings. The Scandinavians already have our admiration for their model prisons, schools and healthcare system – not to mention gritty noir thrillers – but they’re now grabbing the attention of nutritionists who believe that following the New Nordic Diet could help us all to lead healthier, longer lives. Read more…

 

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Customer complaints can damage businesses for good – so what’s the best policy?

Zipped mouth

 

What price customer service?

It’s a small world – and bad news travels fast. Out of the billions of transactions that take place globally every day, it’s inevitable that some will go wrong and complaints will surface. As an increasing number of these transactions occur online, customers often don’t have the opportunity to resolve problems face-to-face and are likely to take to social media with their grumbles. So what’s the best way for a business to handle complaints and should we be putting our faith in review sites for a fair evaluation of a company’s reputation? Read more…

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It’s Suntory time as Japanese whisky is crowned best in world

whiskey

 

When is whisky not scotch? When it’s Japanese, of course!

Traditional scotch-lovers, avert your eyes! In a move that’s sure to baffle Scottish producers, Suntory’s Yamazaki Single Malt Sherry Cask 2013 is the first Japanese whisky to win the Whisky Bible top spot, displacing the Scottish whisky brands that have previously dominated the rankings. Scottish whisky has led historical sales of the spirit with recent winners in Jim Murray’s annual ‘Whisky Bible’ including seriously good malts from Old Pulteney and Glenmorangie. But this year Scottish producers are eating humble pie with all of the top five positions going to non-Scottish brands. Why? Read more…

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