Headlines 

One of the Biggest Diamonds in History Has Just Been Dug Up

One of the biggest diamonds in history has been discovered in the mountainous kingdom of Lesotho in southern Africa. Gem Diamonds Ltd. found the 910-carat stone, about the size of two golf balls, at its Letseng mine in the country. It’s a D color Type IIa diamond, which means it has very few or no nitrogen atoms and is one of the most expensive stones. The diamond is the fifth-biggest ever found. The Letseng mine is famous for the size and quality of the diamonds it produces and has the…

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Headlines 

How China Will Shake Up the Oil Futures Market

China, the world’s biggest oil buyer, is on the verge of opening a domestic market to trade futures contracts. It’s been planning one for years, only to encounter delays. The Shanghai International Energy Exchange, a unit of Shanghai Futures Exchange, will be known by the acronym INE and will allow Chinese buyers to lock in oil prices and pay in local currency. Also, foreign traders will be allowed to invest — a first for China’s commodities markets — because the exchange is registered in Shanghai’s free trade zone. There are…

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China to Overtake U.S. Economy by 2032 as Asian Might Builds

The growing leapfrogging the U.K. and France next year to become the world’s fifth-biggest economy in dollar terms. It will advance to third place by 2027, moving ahead of Germany. In 2032, three of the four largest economies will be Asian — China, India and Japan — and, by that time, China will also have overtaken the U.S. to hold the No. 1 spot. India’s advance won’t stop there, according to the CEBR, which sees it taking the top place in the second half of the century. Also by 2032,…

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Headlines 

Aardvark killed and four meerkats presumed dead after fire at London zoo

Zoo to reopen on Christmas Eve despite blaze at Regents Park site, which left some staff requiring treatment for smoke inhalation An aardvark has died and four meerkat brothers are presumed dead after a large fire broke out at ZSL London zoo in the early hours of Saturday morning. A number of ZSL London staff have been treated for smoke inhalation after the blaze in the Animal Adventure section, which spread to an adjacent shop. Sadly our vets have confirmed the death of our nine-year-old aardvark, Misha,

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Oxford Street panic began with fight at tube station, suggest police

Visitors to London West End ran and hid, two tube stations were closed and armed police raced to scene after incident An altercation between two men appears to have triggered the outbreak of mass panic in London on one of the busiest shopping days of the year, leading to people fleeing in fear, armed police being deployed and a section of the West End being evacuated. British Transport Police issued a CCTV appeal for information about two men believed to be involved in a fight in Oxford Circus tube station…

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Headlines 

New Uber CEO Keeps Finding Horrors at Every Turn

The appointment of Dara Khosrowshahi as head of cyberattack Uber had been concealing since last year that exposed personal data on 57 million customers and drivers globally. The company, which said it had paid hackers $100,000 to delete the data and keep quiet, disclosed the incident in a statement to Bloomberg on Tuesday, following an investigation commissioned by the board. The chief security officer and one of his deputies were ousted for their actions following the hack. Khosrowshahi’s role so far looks less like a turnaround artist and more like…

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Malcolm Young, AC/DC Founder Who Rocked to the Top, Dies at 64

Malcolm Young, the AC/DC founder whose driving guitar rhythms and musical direction helped the Scottish-Australian band earn a place among the most successful in rock history with albums such as “Back in Black” and “Highway to Hell,” has died. He was 64. Young died in Sydney after suffering from dementia for several years, his family said in a statement. “It is with deepest sorrow that we inform you of the death of Malcolm Young, beloved husband, father, grandfather and brother,” his family said. For more than four decades, Young provided…

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Headlines 

Heres How London House Prices Are Being Battered

London’s housing market is being battered from all sides. A survey by the Royal Institution of Chartered Surveyors showed a price gauge at its lowest level for seven years, and far below the national average. Real-estate agents are more pessimistic about the market in the capital than any other region, with contributors flagging a potent mix of concerns, including Brexit uncertainty, the Bank of England’s interest-rate hike and the government’s budget later this month. There’s also evidence that the weakness in the capital is spreading — most U.K. regions showed…

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Headlines 

One Metal Will Be Transformed by the Electric Car Boom

Glencore Plc and Trafigura Group Pte are often at loggerheads, but one thing they agree on: the nickel market will be transformed by the rise of electric cars. Nickel sulphate, a key ingredient in lithium-ion batteries, will see demand increase 50 percent to 3 million metric tons by 2030, Saad Rahim, chief economist at Trafigura, said in an interview. While other battery metals like cobalt and lithium have more than doubled since the start of last year, nickel prices have been subdued because of large inventories. "When you look structurally,…

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Headlines 

I Think We Got Away With It: Listen to HSBC Trader Phone Calls

Here’s the challenge for U.S. prosecutors: convince a jury former HSBC currency trader Mark Johnson is guilty of front-running a $3.5 billion client order. Their strongest evidence is HSBC’s audio recordings of the phone calls between Johnson, the bank’s former global head of foreign exchange, and traders in London and New York, which take the jury back to re-live events of six years ago. The jury, which on Thursday started weighing the fraud case against Johnson, listened to numerous calls, including one where he said, “I think we got away with…

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Odds and Ends 

Uber loses its license to operate in London

In a huge blow to Uber in the UK London’s transport regulator has rejected its application to renew its license to operate in the city. In a statement today TfL said it has concluded that Uber is “not fit and proper to hold a private hire operator licence”. “TfL’s regulation of London’s taxi and private hire trades is designed to ensure passenger safety.  Private hire operators must meet rigorous regulations, and demonstrate to TfL that they do so, in order to operate.  TfL must also be satisfied that an operator…

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Headlines 

Revealed: every Londoner breathing dangerous levels of toxic air particle

Exclusive: Every area of the capital breaches global standards for PM2.5 pollution particles, with most areas exceeding levels by at least 50% The scale of Londons air pollution crisis was laid bare on Wednesday, with new figures showing that every person in the capital is breathing air that exceeds global guidelines for one of the most dangerous toxic particles. damaging type of particle known as PM2.5. It also found that 7.9 million Londoners nearly 95% of the capitals population live in areas that exceed the limit by 50% or more….

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How Crazy Is Elon Musks Hypersonic Space Rocket Airline?

For whatever reason, some of the world’s smartest and most eccentric people tend to be drawn toward airlines. Elon Musk is the latest, but with a twist—rockets. Tacked onto a detailed explanation Friday of how SpaceX intends to land cargo on Mars five years from now—a farcical schedule that Musk conceded was “aspirational”—the space, car, solar, and battery entrepreneur segued into an audacious proposal to harness the speed of space-travel for faster earthly flights. In essence, Musk wants to fly you even when you’re going merely to London, not Mars. Flying at a…

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Headlines 

Calls for unity as thousands attend anti-Brexit rally in London

Lib Dem Ed Davey says remainers should listen to other side and be a unifying force, as estimated 50,000 turn out in capital Opponents of Brexit who turned out in their tens of thousands for one of the largest marches yet against Britains withdrawal from the EU have been told they need to listen and understand leave voters and bide their time for a referendum on any deal that may emerge. The plea, met with polite applause from many in the crowd in Parliament Square, came from the Liberal Democrat…

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