Nobel Prize for economics awarded to Hall and Woodford for work on ‘smoothing’ crises
The Royal Swedish Academy of Sciences said it was recognising the pair for generating "a paradigm shift in stabilisation policy", awarding them the prize worth a combined $1.2m (£900,000). "New Keynesian models, a result…
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Time to tell US raider Saba Capital to get lost – again | Nils Pratley
The best that can be said about Saba Capital (and it's not much) is that its belligerent boss, Boaz Weinstein, has disturbed the complacency that used to infect corners of the UK investment trust world, meaning companies…
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‘Moral hazard’ – Lawyers warn SFO whistleblowing rewards could backfire
On Monday, business secretary Jonathan Reynolds and minister for the future of work, Kate Dearden, revealed the government’s plans for a “whistleblowing framework that effectively supports the reporting of serious…
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Asos hackers claim responsibility for Air France-KLM data breach
The individuals who claimed responsibility for the Asos data breach, who call themselves Xuanye Group, last week circulated data which they claimed was obtained from the airline group. Air France-KLM confirmed to City AM…
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We should be AI optimists, says Bank of England deputy
“What we’re focused on is how an increasingly autonomous financial system that’s operating at speed and scale might do things that we’re not expecting it to… that might be because AI is in the hands of bad actors or it…
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Nobel prize for economics awarded to two Americans, Hall and Woodford, for work on New Keynesian models – business live
Away from the Nobel economics prize announcement….HMV is preparing to exit its London flagship on Oxford Street in March - just over three years after reopening there with great fanfair – as the landlord proposed…
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‘New Keynesian’ economists win Nobel prize
Hall and Michael Woodford were the joint winners of the prestigious award officially called “The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel”. Hall and Woodford’s research on forecasting has…
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Anthropic offers £145k for London personal assistant amid AI agent boom
The six-figure salary highlights the continued demand for human expertise inside the companies leading the AI revolution, even as their technology threatens to replace many traditional white-collar roles. It also comes…
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How to reduce your business overhead costs
Analysing your expenditure and assessing your net margin are great places to start. When calculating your operating costs, remember to include all of your overhead costs such as rent and utilities. Once you have a…
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Manchester City need a nine-year sanction, says architect of Premier League
Integrity appears to be the watchword in much of the discourse around Manchester City and the biggest scandal in the history of the Premier League. Only one, at best, of the club and the league can emerge with…
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