Tanya Gold 12 January 2019 9:00 AM 12 January 2019 9:00 AM Share Twitter Facebook LinkedIn Email Whatsapp In January, you could go to Bob Bob Ricard in Soho. I do not know why it is called Bob Bob Ricard; and I do not really care. I am currently reviewing cars for another magazine and cars’ names make restaurants’ names sound reasonable. Perhaps Bob Bob Ricard is always slightly drunk and needs to mumble its name — ‘Bob?’ — for fear of forgetting it, like the people in the VIP field at Glastonbury. I do know that it is a restaurant for affluent halfwits, of which there is an infinite supply in Soho. I wonder if it might have been Jimmy Savile’s favourite restaurant. It occupies the ground floor of a dull brown block on Upper James Street, in the ‘functional’ part of Soho. It may be Edwardian, but probably isn’t. It doesn’t matter. This is all about reinvention; about champagne; about the … [Read more...] about This is a restaurant for affluent halfwits: Bob Bob Ricard reviewed
Why gold is a bad investment
Martin Vander Weyer 15 December 2018 9:00 AM 15 December 2018 9:00 AM Share Twitter Facebook LinkedIn Email Whatsapp Are smartphones fuelling a pandemic of youthful anxiety and depression? That’s the question parents will wrestle with this Christmas as their offspring clamour for the latest Samsung or Huawei. And the answer seems to be yes: these must-have accessories are corroding the nature of human interaction for the next generation — but the young can’t live without them, so we’d better get used to it. And that gives rise to an even trickier yuletide dilemma: what of the previous generation? Is there a digital device that’s safe to pop under the tree for an elderly relative? The solution, I suggest, is the iPad. Not the iPad Pro — with more power than anyone who’s not a Hollywood film editor and part-time nuclear physicist could possibly need — but the basic £300 model that techies will tell you … [Read more...] about All I want for Christmas is a City time machine
Copper is at its lowest point in over a year. Gold is trading at its lowest this year, while the yen is also trading at its lowest point in 2018. What do all these signs mean? Chinese manufacturing numbers for the month of June were soft. Europe and the U.S. are not experiencing the core inflation that they'd like to. Taken all together, this could mean one of two things. Either the global economy is in for a major sell-off on lower real demand for the foreseeable future or the risk appetite of investors is growing in the face of global uncertainty.Copper, unlike gold, isn't just a valuable metal. While gold also has some industrial applications, copper only has industrial applications. The price of copper is bell weather for the future of economic growth. If sales are slow and manufacturing is about to drop-off a cliff, manufacturers will stop the purchase of base metals necessary to produce products. This is what is happening now. Copper is falling as fears over increasing rhetoric … [Read more...] about What do copper, gold and yen all hitting lows mean?
Samanth Subramanian reports on the Mumbai bank jobNirav Modi didn’t seem like the kind of person who needed to rob $2bn (€1.7bn) from a bank. He’s a short man, 47 years old and losing hair, the pocket square in his jacket always arranged to fussy perfection.His daintiness befitted a jeweller to the stars. Kate Winslet wore a Modi bracelet and Modi earrings to the Oscars. Dakota Johnson wore a similar set to the Golden Globes.Priyanka Chopra gazed out of Modi advertisements. Naomi Watts attended the opening, in 2015, of his emporium on Madison Avenue. Christie’s once put his Golconda Lotus necklace on the cover of its catalogue and auctioned it for over $3m.His stores — in Las Vegas, Macau, Singapore, Beijing, London — were boutiques of bling, where white light bounced off the arrayed gold and diamonds. He told people he wanted 100 shops by 2025. Last year, Forbes estimated his worth at $1.8bn.A good casting director would have marked him for the role … [Read more...] about Did a jeweller to the stars commit India’s biggest bank fraud?
Christian Wolmar 7 July 2018 9:00 AM 7 July 2018 9:00 AM Share Twitter Facebook LinkedIn Email Whatsapp I was worried that going to the autonomous vehicle exhibition in Stuttgart would be tantamount to an atheist walking into St Peter’s while the Pope was conducting a mass. There is something religious about the fervour with which adherents to the driverless credo practise their faith and promise us a new kingdom. Their proselytising has indeed convinced many. Politicians are making outlandish statements, such as Jesse Norman’s two weeks ago, that ‘Our entire use of roads is to be revolutionised by autonomous vehicles’, and pouring large sums — a promised £180 million so far — into bizarre research projects such as the development of strange robot cars slower than a Reliant Robin and allowed only on pavements in Milton Keynes. The public, too, has been won over. Ask the average Joe in your local or even Basil in his … [Read more...] about The dream of driverless cars is dying