Commentaries

Is Goldman’s Chinese convertible really a taxi?

September 21, 2009

BRITAIN/The number of London’s trademark black taxis booked and waiting outside the European headquarters of Goldman Sachs — meters running — was once used by some as a barometer of the health of London’s investment banking business.

Turner is right to take on swollen banks

August 27, 2009

So the watchdog can bark after all. Adair Turner, chairman of Britain’s Financial Services Authority, says the financial sector has “swollen beyond its socially useful size”. That is a striking statement for any financial regulator, particularly one that counts promoting London’s financial centre as one of its goals. Identifying the problem, however, is the easy bit. Reversing decades of financial expansion will require global agreement on tough new rules, and the determination to make sure they are consistently enforced.

How global cities rank after the financial crisis

August 24, 2009

London bus passes Swiss Re Gherkin building Reuters photoLondon, once one of the world’s most expensive cities, now ranks in the middle of the pack of European cities in terms of the cost of living. The sharp drop in the value of British pound largely is to blame for the decline of London’s ranking from the second priciest city three years ago to No. 22, according to a study of comparative purchasing power by UBS of 73 cities around the globe.

Chocolate-coated IPO to tempt Dubai investors?

August 10, 2009

Chocolate CamelsListings in Dubai have been few and far between — despite the best efforts of the emirate’s rulers to encourage foreign companies to float there.

Water down the tube in London heatwave

July 2, 2009

waterLondon’s transport bosses are telling travellers on the tube system to beat the heat by carrying a bottle of water with them when they venture underground.

Is that it for Michael Jackson gigs?

June 26, 2009

How is AEG Live going to make it up to fans who had bought tickets for Michael Jackson’s 50 sell-out “This Is It” concerts?

This won’t suit everyone cycling in London

June 10, 2009

Rapha cycling suitLots of irregular/wobbly cyclists taking to the streets of London today. The tube/subway/metro system is at a standstill due to strike action by transport workers.  There were plenty of lycra and day-glo outfits on display, as well as a few brave souls venturing out in their work clothes.