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Tag Archives: new business ideas

Rise in personal loans dangerous, Bank of England official says

A sharp rise in personal loans could pose a danger to the UK economy, a Bank of England official has warned. Outstanding car loans, credit card balance transfers and personal loans have increased by 10% over the past year, the Bank’s financial stability director Alex Brazier said.In contrast household …

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Bitcoin goes arty

Media playback is unsupported on your device Why is the art world getting excited about digital currency Bitcoin and its underlying technology blockchain?Eleesa Dadiani owns and runs an art gallery in London’s famous Cork Street. She was born in Georgia in the Caucasus and was “breastfed by gypsies”.But she …

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Democrats' Better Deal bids to grab Trump's populist mantle

Democrats have unveiled a populist economic rebrand that seeks to tap into the frustration among working families which swept Donald Trump to power.Billed as A Better Deal, their plan calls for infrastructure investment, tougher regulation of drug firms and creating new rules on monopolies.The plan is the start of …

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Amazon's Whole Foods deal under scrutiny

US regulators will take more time to review Amazon’s $13.7bn (£10.5bn) acquisition of Whole Foods after some groups have raised anti-trust concerns.Democrats have asked authorities to consider how the deal might affect consumer choice, particularly in places with fewer food shopping options.Whole Foods said in June it expected the …

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World's first floating wind farm emerges off coast of Scotland

The world’s first full-scale floating wind farm has started to take shape off the north-east coast of Scotland.The revolutionary technology will allow wind power to be harvested in waters too deep for the current conventional bottom-standing turbines used.The Peterhead wind farm, known as Hywind, is a trial which will …

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Changes to rail electrification plans a 'slap in face'

The railway route between Liverpool and Newcastle may not be fully electrified despite a promise by the previous government.In 2015, the Department for Transport said electrification of the whole link – which goes through Manchester, Leeds and York – would be complete by 2022.Transport Secretary Chris Grayling has since …

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