Staff at Lloyd’s of London, the insurance market in the City, have enjoyed a tipple during the day ever since it opened in 1688, but now a 9-to-5 alcohol ban has been drafted in – after roughly half of employee disciplining cases were found linked to alcohol in the last two years, Reuters reported Wednesday. Newly updated employee guidelines provide “clarification on the rules around alcohol consumption, which is prohibited during business hours. The guidance removes any ambiguity on the policy,” a Lloyd’s of London spokesman said in a statement. According to The Financial Times, its 800 workers have been told the hours between 9am and 5pm must be strictly dry. It is traditional for traders working in that area to gather around Leadenhall Market to make contacts and probe deals over a pint.
Simultaneous double exhibition of art collection which a German kept hidden from the world for decades will be shown at museums in Switzerland and Germany later this year, Switzerland's Kunstmuseum Bern announced Wednesday. The content of the exhibitions at the Art and Exhibition Hall of the Federal Republic of Germany in Bonn and at the Kunstmuseum Bern is closely coordinated. The Swiss museum, which Gurlitt designated as his sole heir, announced it would co-host the "Dossier Gurlitt" shows together with the Bundeskunsthalle in Bonn.
SBB says it has developed its 2020 strategy in consultation with customers, employees, partners and policymakers in order to adapt the railway to a rapidly changing world characterised by new customer requirements, digitalisation, new transport providers and regulatory developments. Mobility is undergoing profound and extensive change and other modes of transport are catching up with trains in terms of price and environmental advantage, the Federal Railways acknowledged on Monday.
Amazon may have a new option for how it plans to deliver your packages by drone with parachutes. The potential plans are outlined in a new US Patent and Trademark office patent spotted by CNN. The patent describes a way to reliably eject a payload from a drone in midflight. Usually, such a drop would see the package descend along a parabolic arc, caused by the forward motion of the aircraft—but that might not jive too well with the neighbors. Instead, Amazon's idea is to apply a force as the package leaves the drone to have it descend vertically.
The European Parliament has approved a landmark free trade deal with Canada. The Comprehensive Economic and Trade Agreement (Ceta) has been seven years in the making and its ratification is set to eliminate almost all trade tariffs between the European Union and Canada. EU lawmakers backed the Comprehensive Economic and Trade Agreement (Ceta) by 408-254 votes despite crowds of protesters contesting the deal outside. All 28 governments will need to give their approval to finalise the process of ratifying the agreement. “The ratification in all the member states will start, there will be a long process and in most countries without any problems, in some, with more discussions: "We will try to be there, we will try the effects of the Canadian agreement, try to calm some of the concerns,” said EU trade commissioner Cecilia Malmstrom.
Four hedge funds from the US and Japan have begun the process of buying or offering to buy claims from former MtGox clients at 15% of the yen value of the claim, in cash. This is 40% lower than the expected eventual repayment from the court (at 25% of the value of the claims), but it might be worth it if you don’t want to wait a year or more as the case is not expected to be settled any time before that. The hedge funds are betting on bitcoin gaining value, which it has, considerably since the claims were lodged in the aftermath of Mt Gox’s failure. The hope is to strike a lucrative windfall when the process of distributing payouts to claimants begins.
Drug company Merck said Tuesday it stopped a clinical trial of an experimental Alzheimer's drug because it wasn't helping patients, the latest setback in the pharmaceutical industry's quest to find a better treatment for the brain disorder. An outside committee monitoring the study of more than 2,000 patients with mild to moderate Alzheimer's concluded there was "virtually no chance of finding a positive clinical effect" of the drug, verubecestat, Merck said. The study, which was due to be completed around midyear, was testing whether verubecestat slowed declines in patients' cognition and daily functioning compared with a placebo.
The caspian week conference is a meeting point of visionaries, market leaders and experts with the f
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