Strong and Stable - China Invokes Theresa May

China's Global Times reacts: “The Chinese economy is so stable... that it has given us full confidence to say ‘no’ to compromises against our principles. The constant U.S. rants on how bad China’s economy is tells us that Washington is more anxious than us to reach a deal.” https://t.co/CPO9fez8PV

— Anna Fifield (@annafifield) July 31, 2019

100 Million Capital One Applications Hacked

The FBI has arrested a 33-year-old software engineer in Seattle as part of an investigation into a massive data breach at financial services company Capital One.

Paige A. Thompson, also known by the online handle “erratic,” has been charged with one count of computer fraud and abuse, after an investigation uncovered that a hacker had broken into cloud servers run by Capital One and stole data related to over 100 million credit-card applications.
Exposed information, according to Capital One, included data collected in credit card applications between 2005 and early 2019 such as:

• names
• addresses
• zip codes/postal codes
• phone numbers
• email addresses
• dates of birth
• income

Beyond the credit card application data, the hacker also obtained portions of credit card customer data, including:

• Customer status data, e.g., credit scores, credit limits, balances, payment history, contact information
• Fragments of transaction data from a total of 23 days during 2016, 2017 and 2018

Capital One says that about 140,000 Social Security numbers and approximately 80,000 linked bank account numbers of its secured credit card customers were also breached.

Oh Dear Oh Dear!

Sigh pic.twitter.com/alyPLC0a8O

— Merryn Somerset Webb (@MerrynSW) July 17, 2019

Alan Turing Is The Face of The Fifty

Alan Turing will be the new character on the £50! Find out more: https://t.co/y6CPh3SckQ #Turing50 #ThinkScience pic.twitter.com/zGy4ZSr5mv

— Bank of England (@bankofengland) July 15, 2019

Unemployment Rate Lowest Since 1974

As per the ONS UK unemployment rate for May 2019 was estimated at 3.8%; it has not been lower since October to December 1974.

In real terms (after adjusting for inflation), total pay is estimated to have increased by 1.4% compared with a year earlier, and regular pay is estimated to have increased by 1.7%.

The Face of Fifty Quid

Today the Bank of England is announcing the celebrated figure who’s going to feature on the new £50 note.

Trump Blasts Bitcoin, and Nails It!

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....

— Donald J. Trump (@realDonaldTrump) July 12, 2019

Bank of England Speaks Common Sense - For Once!

Meaty speech from Bank of England MPC member Vlieghe talking at @Reuters 🧨🧨🧨

• Rates could be cut to nearly 0% in no-deal Brexit
• Explicit rate guidance if there's a deal: 1% in year, 1.25% in 2 years, 1.75% in 3
• But rate hikes would require global economy to improve

— Andy Bruce (@BruceReuters) July 12, 2019

Brexit Delay Screwing Up The Property Market

One in five of those who expect to move house in the next two years have delayed moving in the past year due to Brexit uncertainty according to the Bank of England Financial Stability Report.#ukhousinghttps://t.co/j1Vi7bzemG pic.twitter.com/cvGrEJBNCX

— Noble Francis (@NobleFrancis) July 11, 2019

Delay and uncertainty are far more damaging to the economy than a no deal Brexit.

Deutsche's Fucked!

Some Deutsche Bank staff in London told they have until 11am to pack up their stuff, just hours after the overhaul was announced. "I'm trying to get my head straight," says one person who has been told his pass will stop working in a few hours

— Lucy Burton (@Lucymburton) July 8, 2019

Ola Goes For Uber's London Business

Strange world: So #India's ride hailing service #Ola gets green light to operate in London in competition with #Uber. One of the biggest shareholders in both?
Japan's #Softbankhttps://t.co/ntYIp9LT72 via @financialtimes

— Adam Bates (@AdamBates_D6) July 5, 2019

Jim Pickard Nails It!

Osborne won’t stop until he has all the jobs in the world https://t.co/PbwHQPaLb9

— Jim Pickard (@PickardJE) July 4, 2019

Lagarde To Head ECB - Chateauneuf du Pape!

I see that the EU have made a very "interesting " appointment to head up the ECB, a woman who was found guilty of criminal charges over a £355M government payout.

On the positive side, she was fined but not jailed!

US/EU Trade War Hots Up

U.S. Proposes More Tariffs on EU Goods in Airbus-Boeing Dispute https://t.co/Nj0c0x28GU

— Daniel Lacalle (@dlacalle_IA) July 2, 2019