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From Concorde to the iPhone, state intervention drives technological innovation

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History tells us that state involvement is the best route to prosperity. Our politicians need to think big and accept the risk of failure Continue reading…

Ovo Energy founder extracts £2m for house purchase

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Company says money was needed to buy Stephen Fitzpatrick’s family home and is only a small percentage of firm’s value Continue reading…

US investor sues three banks over silver price

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J. Scott Nicholson seeking to bring a class action lawsuit against HSBC, Deutsche Bank and the Bank of Nova Scotia Continue reading…

Yukos investors expect multibillion payout in expropriation of assets case

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Investors in former Russian oil firm claiming £61bn in landmark case that could embarrass both Kremlin and BP Continue reading…

UK taxpayers underwrite £100m in exports to Russia in year to April

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Revelation that government provided credit insurance funding comes as David Cameron calls for tougher sanctions Continue reading…

Strong pound triggers rise in profit warnings

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UK quoted companies issued 137 profit warnings in the first six months of the year, up 9% on the first half of 2013 Continue reading…

US meat company pulls all products from scandal-hit Chinese subsidiary

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OSI Group will ‘withdraw from marketplace’ food products Shanghai Husi Food Co Ltd accused of selling expired meat Continue reading…

Smartshoes, contactless tube journeys and flones: this week in tech

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Lechal smartshoes direct wearers to their destination, but if they choose to take the tube instead, a new contactless credit card will make their journey even smoother Continue reading…

Christofer Toumazou’s ‘lab on a chip’ makes preventing illness possible

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Greek-Cypriot engineer wins European inventor award for USB device that decodes patient’s DNA within minutes outside a lab Continue reading…

Why governments still have a mission to promote innovative capitalism

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A fundamental re-casting of the economy will only happen if and when the state accepts that it can shape and create markets Continue reading…

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