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The great interest rate rip off part 10


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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Thames Water fined £20.3m for polluting the River Thames with sewage

 

The facilities involved were five sewage treatment works in Aylesbury, Didcot, Henley, Little Marlow and Arborfield, and Littlemore sewage pumping station

 

 

 

 

 

Global stock markets suffer after Wall Street posts worst day of 2017

 

 

 

 

 

 

 

 

 

 

Tesco has stopped selling Heineken beers because of Brexit

 

The retailer is now stocking only 22 of the 53 brands that it was selling at the start of the year

 

 

 

 

 

 

Barclaycard boss quits to defend US civil liberties against Trump

 

 

 

 

 

 

CEO pay: Report from Equality Trust shows society's values are twisted

 

 

 

 

 

 

British based airlines 'told to move to Europe or lose business'

 

The warning comes less than a week before Theresa May is scheduled to trigger Article 50

 

 

 

 

 

 

 

 

Primark recalls children's novelty cat leggings over choking hazard

 

The high street store is urging customers to return the product

 

 

 

 

 

 

EU to give UK banks new incentive to leave London, say officials

 

European Central Bank may fast-track applications from British finance firms looking to move

 

 

 

 

 

 

 

 

Stock markets shaken: The first sign of a Trump-inspired correction?

 

Even The Wall Street Journal has started to express doubts as the President’s ability to enact his agenda is increasingly questioned

 

 

 

 

 

 

London Taxi Company opens new £300m Coventry factory

 

Opening marks completion of remarkable turnaround after LTC plunged into administration in October 2012, before eventually being rescued six months later by Chinese firm Geely

 

 

 

 

 

Cadbury forced to explain why its chocolate is halal

 

 

 

 

 

Plusnet fined £880,000 by Ofcom for billing former customers

 

 

 

 

 

 

Airbnb changes its name to Aibiyin and doubles investment to woo China

 

Airbnb is trying to succeed where tech company Uber recently struggled

 

 

 

 

 

 

 

 

FTSE 100 bosses get paid 386 times national living wage

 

FTSE 100 CEOs are being paid on average 165 times more than a nurse, 140 times more than a school teacher and 132 times more than a police officer

 

 

 

 

 

 

Modest pick-up in business investment intentions in Bank survey

 

The latest report from the Bank shows that the score for manufacturing investment intentions over the next 12 months in February ticked up to 0.7, from 0.2 in January

 

 

 

 

 

 

 

Nearly one in seven retiring this year made no financial provisions

 

A pensioner retiring after 6 April and relying solely on the new flat-rate state pension would have a weekly income of £159.55, or just short of £8,300 a year

 

 

 

 

 

World 'abandoning coal in dramatic style raising climate change hopes'

 

 

 

 

 

Waitrose stops offering customers free coffee without purchase

 

 

 

 

 

 

Goldman Sachs: Would you trust its robo advisors with your money?

 

A growing number of finance houses are looking to digitise financial advice. Whether that's a good thing remains to be seen

 

 

 

 

 

 

 

BMW boss hints at moving production of Minis out of UK after Brexit

 

'Business environment for car makers marked by 'volatility, unexpected developments and political uncertainty', chief executive Harald Krueger says

 

 

 

 

 

Goldman Sachs to move jobs out of London before Brexit deal struck

 

 

 

 

 

The pound is climbing after inflation hit its highest level in years

 

 

 

 

 

 

New York’s richest citizens ask state to raise their taxes

 

George Soros, Steven Rockefeller and Abigail Disney among group petitioning Governor Andrew Cuomo to approve philanthropic gesture

 

 

 

 

 

 

 

 

Sir Philip should hand a £15m “rebate” from his BHS pension settlement

 

The deal includes a contingency fund that will not be needed if a majority of those with smaller pots take lump sums and while the Work & Pensions Committee is right to be cross, there's nothing it can do

 

 

 

 

 

UN asks UK government to pause Hinkley nuclear reactor development

 

 

 

 

 

UK's biggest retailers have cut 'nearly 4,000 staff this year'

 

 

 

 

 

 

Stopping climate change could boost the world economy by £15 trillion

 

Governments are committing resources to green energy in a bid to keep warming within 2 degrees Celsius of pre-industrial conditions, in accordance with the landmark Paris Agreement

 

 

 

 

 

 

 

UK to crack down on money laundering after reports of Russian [problem]

 

HSBC, Barclays, RBS and Coutts among those alleged to have transferred hundreds of millions of pounds of cash thought to be linked to criminals and corrupt officials

 

 

 

 

 

 

 

 

Aldi customers urged to stay away from fake £65 vouchers

 

The German retailer is investigating the [problem]

 

 

 

 

 

 

 

Google announces measures to crack down on extremist ad placement

 

On Monday Google’s president for Europe, the Middle East and Africa apologised to companies affected by adverts appearing on controversial content

 

 

 

 

 

 

Andy Haldane floats digital productivity boost for firms

 

He is working on an 'ambitious idea' to create digital platforms for firms to "simulate changes to their businesses processes and practices"

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

 

23MOLINA1-thumbStandard.jpg

As Rivals Stand Silent, One Health Insurer Protests G.O.P. Plan

 

By REED ABELSON 33 minutes ago

 

Dr. J. Mario Molina, one of the few insurance executives to criticize the House bill publicly, says it could harm insurers and patients alike.

 

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Uber Board Stands by Travis Kalanick as It Reveals Plans to Repair Its Image

 

By MIKE ISAAC

 

In a conference call with executives, Uber presented a list of changes it plans to make to improve morale and repair its tarnished reputation.

 

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Wall Street Journal Editorial Harshly Rebukes Trump

 

By SYDNEY EMBER 1:45 PM ET

 

The editorial said President Trump was damaging his presidency with “exaggerations, evidence-free accusations, implausible denials and other falsehoods.”

 

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After Failed Cabinet Bid, Puzder Leaves Restaurant Post

 

By VINDU GOEL

 

Andrew F. Puzder, who withdrew his nomination as labor secretary, has now resigned as head of the company that owns the Carl’s Jr. and Hardee’s chains.

 

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China Bets on Sensitive U.S. Start-Ups, Worrying the Pentagon

 

By PAUL MOZUR and JANE PERLEZ 11:07 AM ET

 

Beijing is pushing Chinese firms to invest in early-stage U.S. companies specializing in technology with potential military applications, a new report says.

 

00AIRBNBCHINA1-thumbStandard.jpg

Airbnb’s Rivals in China Hold Hands in a Nervous New Market

 

By AMIE TSANG and PAUL MOZUR

 

The Silicon Valley firm introduces a new effort in a country where other foreign firms have stumbled — and where rivals offer door locks and advice to worried hosts.

 

22DB-MARKETS-thumbStandard.jpg

Market Dip Bucks a Streak of Trump-Inspired Optimism

 

By LANDON THOMAS Jr.

 

The Standard & Poor’s 500-stock index had gone 64 consecutive trading days without declining more than 1 percent in a trading session.

 

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A.I. Expert at Baidu, Andrew Ng, Resigns From Chinese Search Giant

 

By PAUL MOZUR

 

The departure is a blow to Baidu, which has been betting big on artificial intelligence as a foundation to fields like voice recognition and driverless cars.

 

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A Scholarly Sting Operation Shines a Light on ‘Predatory’ Journals

 

By GINA KOLATA 2:11 PM ET

 

A group of researchers created a ruse to draw attention to the seamy side of open-access journals, some of which will publish just about anything for a fee.

 

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Survival of Sears and Kmart Is in Doubt, Owner Warns

 

By CARLOS TEJADA

 

With losses mounting, Sears Holdings Corporation said in its annual report that there were “substantial doubts” it could continue operating.

 

Deal Professor

 

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Dole Case Illustrates Problems in Shareholder System

 

By STEVEN DAVIDOFF SOLOMON

 

Some Dole shareholders may not get a piece of a recent settlement. While shareholders think they own the shares they buy, they don’t in a sense.

 

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In Stark Terms, Ex-Chairman of Dean Foods Describes Passing Along Tips

 

By COLIN MOYNIHAN

 

Thomas Davis, testifying in a case against the gambler William Walters that also involves the golfer Phil Mickelson, made an extraordinary admission of malfeasance.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Google ad row spreads to US brands

 

 

 

 

Four major US brands pull advertising from Google as row over extremist content spreads beyond Europe.

 

 

 

Related content

 

 

 

 

 

 

 

 

Brantano collapse puts 1,000 jobs at risk

 

Value shoe retailer Brantano falls into administration in a 'difficult' market and the weak pound.

 

  • 22 March 2017
  • From the section Business

 

 

 

 

 

 

 

Live Stock markets lose momentum

 

London's benchmark FTSE 100 falls, while Wall Street opens lower; Sterling gives up earlier gains.

 

 

 

Related content

 

 

 

 

 

UBS to start charging for euro deposits

 

  • 22 March 2017
  • From the section Business

 

 

Bosses' incomes hit 386 times living wage

 

  • 22 March 2017
  • From the section Business

 

 

Bank cheques to be cleared within a day

 

  • 22 March 2017
  • From the section Business
  • comments

 

 

 

 

 

Plusnet fined £880,000 for extra bills

 

 

 

Investors urge Dulux owner to hold talks

 

  • 22 March 2017
  • From the section Business

 

 

Thames Water fined £20m for sewage spill

 

  • 22 March 2017
  • From the section England
  • comments

 

 

The women still working into their 70s

 

  • 22 March 2017
  • From the section Business

 

 

Screwfix boosts Kingfisher's profits

 

  • 22 March 2017
  • From the section Business

 

 

Hermes reports record annual profits

 

  • 22 March 2017
  • From the section Business

 

 

 

 

Also in the News

 

 

 

Two major US firms 'tricked out of $100m'

 

 

 

 

 

The woman taking on ticket tout website

 

 

 

 

 

Features & Analysis

 

 

 

How many countries?

 

Is this dress better travelled than you?

 

  • 22 March 2017
  • From the section Business

 

 

 

 

 

Bear trap

 

What really makes Bear Grylls afraid?

 

  • 22 March 2017
  • From the section Business

 

 

 

 

 

Trouble on the ranch

 

Threats to trade deals worry US cattle farmers

 

  • 22 March 2017
  • From the section Business

 

 

 

 

 

 

 

Advertising control

 

'Making sure your ad doesn't end up by an Isis video'

 

  • 21 March 2017
  • From the section Business

 

 

 

 

 

Fake data threat

 

How hackers could play havoc with our economies

 

  • 21 March 2017
  • From the section Business

 

 

 

 

 

Reality Check

 

What's this new measure of inflation?

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Staff levels at BMW's Dutch Mini assembly plant to overtake UK's

 

BMW's X1 model will be built in the Netherlands, it said on Wednesday, boosting staff levels at Mini's contract manufacturer VDL Nedcar beyond those at the German carmaker's plant in Oxford, England, where the Mini hatch is made.

5:24pm GMT

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Britain may have big Brexit bill to settle with EU Investment Bank

 

Britain's bill for settling its financial position with the European Investment Bank after Brexit may be costly, the EIB's chairman said on Wednesday, calling for "civilised" divorce talks that could avoid such an outcome.

3:53pm GMT

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FTSE lags Europe as stronger pound compounds losses

 

British shares pulled back on Wednesday, weighed by banks and miners, as investors repriced expectations for fiscal easing from the U.S. and a stronger outlook for sterling compounded weakness in the UK stock market.

6:35pm GMT

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Euro zone banks under scrutiny but none in danger watchdog says

 

Several European banks are being closely monitored by the agency responsible for closing lenders which go bust in the euro zone, but none are failing or about to fail, the head of the Single Resolution Board (SRB) said on Wednesday.

7:04pm GMT

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EU to formally veto Deutsche Boerse LSE merger shortly - sources

 

The European Commission will shortly veto a proposed merger between Deutsche Boerse and the London Stock Exchange , four sources close to the matter said on Wednesday, scuppering plans to create Europe's biggest exchange.

3:50pm GMT

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Britain-based banks moving to Europe may get easier entry, ECB says

 

Banks looking to move from Britain to the euro zone after Brexit may be given an expedited entry, with supervisors willing to spare them from a lengthy initial test of their risk models, a top European Central Bank official said on Wednesday.

4:45pm GMT

?m=02&d=20170322&t=2&i=1177612689&w=200&fh=&fw=&ll=&pl=&sq=&r=LYNXMPED2L1UK

Maersk reaches key North Sea tax deal with Denmark

 

Shipping and oil company A. P. Moller-Maersk on Wednesday reached an agreement with the Danish state that means it will pay less tax on its North Sea oil and gas activities through 2025.

7:32pm GMT

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Shareholders urge Akzo to negotiate with suitor PPG

 

Shareholders piled pressure on Dutch paint maker Akzo Nobel to open talks with U.S. rival PPG Industries on Wednesday after Akzo rejected a revised 22.7 billion euro takeover offer as too low, too risky and a bad fit culturally.

7:50pm GMT

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UK economy growing solidly despite inflation hit - BoE report

 

Britain's economy looks set to defy a slowdown again this year as the country moves closer to leaving the European Union, with the hit to shoppers from surging inflation partly offset by more investment and exports, a Bank of England report suggested.

1:21pm GMT

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Brazil scandal tests JBS, BRF push for overseas units IPOs

 

Brazil's two largest food processors are striving to restore confidence in their quality controls as they pursue plans to list overseas units after a scandal over alleged bribery of health officials that triggered bans on Brazilian meat exports.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Brazil's agriculture minister says meat industry may lose 10 percent market share

 

Brazil's meatpacking industry has been badly damaged by a police investigation into alleged unsanitary and corrupt practices, and could lose upward of 10 percent of its global market share, Agriculture Minister Blairo Maggi said on Wednesday.

6:18pm GMT

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Stocks slip on doubts over Trump policies, gold rallies

 

Most U.S. and European share indexes fell or were little changed on Wednesday as concerns over potential delays to President Donald Trump's pro-growth policies again unnerved investors, while safe-haven gold, U.S. Treasuries, and the yen rallied.

6:03pm GMT

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Staff levels at BMW's Dutch Mini assembly plant to overtake UK's

 

BMW's X1 model will be built in the Netherlands, it said on Wednesday, boosting staff levels at Mini's contract manufacturer VDL Nedcar beyond those at the German carmaker's plant in Oxford, England, where the Mini hatch is made.

5:24pm GMT

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Judge asks Mediaset, Vivendi to settle defamation suits - source

 

An Italian judge has asked the country's biggest private broadcaster Mediaset and France's Vivendi to try to find an agreement over defamation suits they have launched against each other, a judicial source told Reuters.

5:15pm GMT

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Vivendi's Ben Ammar says ready to act as mediator with Mediaset

 

Vivendi supervisory board member Tarak Ben Ammar said on Wednesday he was ready to act as a mediator between the French media group and Italian broadcaster Mediaset in a dispute over a collapsed pay-TV deal.

5:15pm GMT

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Swiss banking watchdog checking on 'Laundromat' reports

 

Switzerland's financial watchdog is looking into a report that dozens of Swiss banks may have helped launder more than $600 million (481.27 million pounds) from Russia in a global scheme dubbed "Laundromat".

5:07pm GMT

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UK credit rating hinges on agreeing trade deals - Moody's

 

Moody's credit rating agency said on Tuesday the path of Britain's sovereign credit rating would depend on whether it agrees trade deals as it leaves the EU, along the lines espoused by Prime Minister Theresa May's government.

4:52pm GMT

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Britain-based banks moving to Europe may get easier entry, ECB says

 

Banks looking to move from Britain to the euro zone after Brexit may be given an expedited entry, with supervisors willing to spare them from a lengthy initial test of their risk models, a top European Central Bank official said on Wednesday.

4:45pm GMT

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SocGen says to raise spending on French retail bank

 

Societe Generale plans to spend an extra 250 million euros (217.09 million pounds) this year on its French retail banking business, its deputy CEO said, as it fortifies itself against increasing competition from online rivals.

4:39pm GMT

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Italy to test EU rules again with Veneto banks bailout

 

Italy's plans to bail out two regional banks pose a dilemma for European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Laptop ban hits Gulf airlines in battle for business travellers

 

A ban on laptops in plane cabins bound for the United States from some cities could deal a blow to the big, fast-growing Gulf airlines, which depend on business-class flyers stopping over in places like Dubai or Doha for far-flung destinations.

4:27pm GMT

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Citi says EU 'equivalence' regime no answer to Brexit banking question

 

British-based banks would be foolhardy to expect to retain access to European Union markets in return for sticking closely to the bloc's rules after Brexit, a senior banking official said on Wednesday.

4:24pm GMT

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Shell gets access to key oil hub in Panama - sources

 

Royal Dutch Shell agreed to lease capacity at a large oil terminal in Panama that has been used by U.S. refiner Tesoro Corp , sources involved in the deal told Reuters, gaining much-needed storage for its crude operations.

4:20pm GMT

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EU's Vestager says analysing Facebook reply to WhatsApp probe

 

EU antitrust chief Margrethe Vestager said on Wednesday she was reviewing Facebook's response to charges the U.S. social network provided misleading information during its bid for messaging service WhatsApp which may result in a hefty fine for the company.

3:57pm GMT

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Britain may have big Brexit bill to settle with EU Investment Bank

 

Britain's bill for settling its financial position with the European Investment Bank after Brexit may be costly, the EIB's chairman said on Wednesday, calling for "civilised" divorce talks that could avoid such an outcome.

3:53pm GMT

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EU to formally veto Deutsche Boerse LSE merger shortly - sources

 

The European Commission will shortly veto a proposed merger between Deutsche Boerse and the London Stock Exchange , four sources close to the matter said on Wednesday, scuppering plans to create Europe's biggest exchange.

3:50pm GMT

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Fiat Chrysler shares fall after news of French emissions probe

 

Shares in Fiat Chrysler fell as much as 4 percent on Wednesday, pushed lower by news that French prosecutors have opened a formal investigation into the carmaker over allegations that it cheated in diesel emission tests.

3:46pm GMT

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Stuttgart prosecutor probes Daimler employees for potential fraud

 

The public prosecutor's office has launched an investigation against employees at German carmaker Daimler , on suspicion of fraud and misleading advertising, it said on Wednesday.

3:18pm GMT

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BASF, on the sidelines of merger wave, eyes generic pesticides

 

With rivals joining forces all around, Germany's BASF has been eyeing a surprise foray into generic pesticides, although the issue is on hold while it looks to snap up assets being spun off in those mergers.

3:00pm GMT

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Barclays aims for bigger share of euro clearing business in Middle East

 

Barclays aims to increase its share of the euro clearing business in the Middle East and North Africa region (MENA) from low double-digits to 25 percent in the next three years, a senior Barclays executive said, capitalising on growing demand from companies for transactions in euros.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

UBS set to charge wealthy for keeping euro savings

 

UBS , the world's biggest wealth manager, will impose a penalty charge on customers who park euros with the bank, one of the largest lenders to break what has been a taboo in finance as sub-zero interest rates bite.

2:33pm GMT

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UK regulator wins landmark Supreme Court identity case

 

Britain's markets watchdog did not wrongfully identify a former JPMorgan executive in the "London Whale" scandal, the Supreme Court ruled on Wednesday in a landmark case that endorses a regulatory policy of speedy corporate settlements.

2:33pm GMT

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South Africa suspends some meat imports from Brazil

 

South Africa has suspended some meat imports from Brazil citing a scandal in the South American country's meat processing industry, the Department of Agriculture, Forestry and Fisheries said on Wednesday.

2:26pm GMT

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Profits rise six percent at Li Ka-shing's CK Hutchison, beats forecast

 

CK Hutchison Holdings Ltd , the ports-to-telecoms arm of billionaire businessman Li Ka-shing, beat forecasts on Wednesday with a 6 percent rise in 2016 net profit and said it was cautiously optimistic about the group's prospects.

1:41pm GMT

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Container shipping lines ordered to testify in U.S. sector probe

 

The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on Wednesday.

1:39pm GMT

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Romania bids to host EU drug agency after Brexit

 

Romania wants Brussels to relocate its pan-European drug regulator EMA to Bucharest from London after Brexit, the government said on Wednesday, hoping that the fact that it still hosts no EU watchdogs will help make it an attractive candidate.

1:36pm GMT

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Centrica CEO's annual remuneration package rises nearly 40 percent

 

Iain Conn, chief executive of Britain's largest energy supplier Centrica , received a nearly 40 percent rise in annual remuneration to more than 4 million pounds, the company's yearly report showed on Wednesday.

1:28pm GMT

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UK economy growing solidly despite inflation hit - BoE report

 

Britain's economy looks set to defy a slowdown again this year as the country moves closer to leaving the European Union, with the hit to shoppers from surging inflation partly offset by more investment and exports, a Bank of England report suggested.

1:21pm GMT

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Top British bosses earn nearly 400 times more than minimum wage

 

The heads of Britain's top 100 listed companies earn on average almost 400 times more than a worker on the minimum wage, according to analysis that will add fuel to the fire of a debate about inequality in the country.

12:56pm GMT

?m=02&d=20170322&t=2&i=1177510837&w=200&fh=&fw=&ll=&pl=&sq=&r=LYNXMPED2L0D0

Record profits at Hermes underscore luxury sector's upturn

 

French luxury goods group Hermes said it had started this year on a solid footing after announcing record 2016 profits on Wednesday, providing further evidence of a broader recovery in the luxury goods industry.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Eton Park to Shut Down as $3 Trillion Hedge Fund Industry Faces Turmoil

 

By MATTHEW GOLDSTEIN 1:20 PM ET

 

 

The firm, founded by a former Goldman Sachs partner, Eric Mindich, decided to close after a 10 percent decline in performance last year.

 

 

 

24stewart-sfSpan.jpg

Al Drago/The New York Times

 

 

Common Sense

 

Pages From Trump’s Tax Returns Raise a Decade’s Worth of Questions

 

By JAMES B. STEWART 11:54 AM ET

 

Filings from 1995 and 2005, incomplete as they are, offer tantalizing clues about how the Trumps might have minimized their liability over several years.

 

 

 

 

00SCION1-thumbStandard.jpg

‘Turkish Trump,’ a Hotel Plan and a Tangle of Foreign Ties

 

By STEVE EDER and BEN PROTESS

 

President Trump pledged that his business would avoid overseas deals during his tenure. But his company is pursuing a hotel project with a firm with deep foreign connections.

 

 

 

23DANZIGER-thumbStandard.jpg

Foreign Growth ‘Off the Table’: Conversation With Trump Hotel Chief

 

By BEN PROTESS and STEVE EDER

 

Eric Danziger, who is contending with a thicket of ethical considerations, says the company will not be “growing the brands outside the United States.”

 

 

 

 

 

 

 

 

 

 

24DISNEY-thumbStandard.jpg

Robert Iger, Disney’s C.E.O., Agrees to One-Year Extension

 

By BROOKS BARNES 12:06 PM ET

 

The extension, which will keep Mr. Iger at Disney until 2019, reflected the difficulty the company has had identifying a successor.

 

00db-personaldata1-thumbStandard.jpg

Banks and Tech Firms Battle Over Something Akin to Gold: Your Data

 

By NATHANIEL POPPER

 

Big banks are pushing for new agreements on the customer data they share with technology start-ups like Mint and Betterment.

 

24Londonscene1Sub-thumbStandard.jpg

‘Defiant’ in the Face of Terrorism: Londoners After the Attack

 

By PRASHANT S. RAO and AMIE TSANG 1:45 PM ET

 

Residents of the city expressed a resolute stoicism, as the regular rhythm of life persisted.

 

23TAXADS-01-thumbStandard.jpg

This Commercial Break, Brought to You by Tax Policy

 

By ALAN RAPPEPORT

 

As lawmakers battle over health care, businesses and other groups are already gearing up, and taking to the airwaves, for the fight to come over taxes.

 

23db-hack-thumbStandard.jpg

North Korea Said to Be Target of Inquiry Over $81 Million Cyberheist

 

By MICHAEL CORKERY and MATTHEW GOLDSTEIN

 

The U.S. attorney’s office in Los Angeles is said to be examining the extent to which the North Korea government aided the theft of $81 million from the Bangladesh central bank.

 

23chinavalley1-thumbStandard.jpg

China Bets on Sensitive U.S. Start-Ups, Worrying the Pentagon

 

By PAUL MOZUR and JANE PERLEZ

 

Beijing is pushing Chinese firms to invest in early-stage U.S. companies specializing in technology with potential military applications, a new report says.

 

22googlead-thumbStandard.jpg

AT&T and Johnson & Johnson Pull Ads From YouTube

 

By SAPNA MAHESHWARI and DAISUKE WAKABAYASHI

 

The companies cited concerns that Google was not doing enough to prevent brands from appearing next to offensive material, like hate speech.

 

00AIRBNBCHINA1-thumbStandard.jpg

Airbnb’s Rivals in China Hold Hands in a Nervous New Market

 

By AMIE TSANG and PAUL MOZUR

 

The Silicon Valley firm introduces a new effort in a country where other foreign firms have stumbled — and where rivals offer door locks and advice to worried hosts.

 

23MOLINA1-thumbStandard.jpg

As Rivals Stand Silent, One Health Insurer Protests G.O.P. Plan

 

By REED ABELSON

 

Dr. J. Mario Molina, one of the few insurance executives to criticize the House bill publicly, says it could harm insurers and patients alike.

 

23TRUMPMEDIA1-thumbStandard.jpg

Wall Street Journal Editorial Harshly Rebukes Trump

 

By SYDNEY EMBER

 

The editorial said President Trump was damaging his presidency with “exaggerations, evidence-free accusations, implausible denials and other falsehoods.”

 

00CAMPUS1-thumbStandard.jpg

Where Halls of Ivy Meet Silicon Dreams, a New City Rises

 

By DAVID W. CHEN

 

Focusing mainly on advanced technology and the sciences, three of the city’s biggest academic building projects in years will soon open for business.

 

23MOVIEGOERS-thumbStandard.jpg

In a Surprise, the Overseas Movie Box Office Shows No Growth

 

By BROOKS BARNES

 

Increased ticket sales in countries like Brazil and Japan could not offset steep declines in places like Germany, Britain and Mexico. China was flat.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

RBS and NatWest banks to close more than 150 branches costing 470 jobs

 

The bank said that 30 RBS and 128 NatWest branches would be shut

 

 

 

 

 

Verizon, AT&T and Johnson & Johnson suspend advertising on Google

 

 

 

 

 

 

 

 

 

 

Brexit threat to anti-corruption fight warns OECD

 

The agency questions whether leaving the EU could prompt the UK to weaken the Bribery Act in order to attract foreign investment after 2019

 

 

 

 

 

 

CEO uses 'snowflake' test when hiring to avoid 'whiny millennials'

 

 

 

 

 

 

Pound sterling jumps to one month high

 

 

 

 

 

 

State pension age could rise to 70

 

The Government is under pressure to address the spiralling cost of the £100bn-a-year state pension

 

 

 

 

 

 

 

 

British Gas boss condemned for £1m pay rise

 

News comes days after Prime Minister warned government would step in to control prices in a market that is 'manifestly not working' for customers

 

 

 

 

 

 

Why financial markets shrugged off the Westminster terror attack

 

Airline and hospitality stocks fell sharply last year after attacks at Brussels airport. After November 2015’s Paris attacks, tourism stocks came under pressure too

 

 

 

 

 

 

 

 

'This is what to do if your employee is resigning'

 

How you react to a resignation could have a significant impact on your business and workforce

 

 

 

 

 

 

Next says the outlook is grim but the City is right not to buy it

 

The retailer has offered up a deeply pessimistic view of the future for its brick and mortar stores, but its boss is a past master at managing expectations down so he can outperform them

 

 

 

 

 

Eurogroup head accused of racist and sexist comments pressured to quit

 

 

 

 

 

Data points to peak in immigration of European Union workers

 

 

 

 

 

 

Hungary threatens to ban Heineken over 'communist' red star logo

 

Government in Budapest pushes for fines and even prison sentences for anyone selling products featuring totalitarian symbols

 

 

 

 

 

 

 

 

Retailer Next posts first fall in annual profits in eight years

 

Next had already warned that trading conditions would be challenging this year, after a weaker-than-expected performance over the crucial Christmas period

 

 

 

 

 

 

UK homes could see energy bills increase by up to £445 per year

 

Several companies have recently hiked their standard variable tariff and customers on fixed-rate plans could face steep price increases if they automatically roll over

 

 

 

 

 

 

 

Threat to UK credit rating from cliff-edge Brexit says Moody's

 

"There is a risk of a sudden collapse of the negotiations without any substitute arrangements in place," the agency said in a new report ahead of the Government's triggering of Article 50

 

 

 

 

 

UK millionaires think Brexit will make them even richer

 

 

 

 

 

Retailer Brantano enters administration, more than 1,000 jobs at risk

 

 

 

 

 

 

Tesco has stopped selling Heineken beers because of Brexit

 

The retailer is now stocking only 22 of the 53 brands that it was selling at the start of the year

 

 

 

 

 

 

 

Barclaycard boss quits to defend US civil liberties against Trump

 

Amer Sajed was born in Pakistan and left for the US at 19 with a one-way ticket and $900 - now he is fighting the President amid concerns about the rights of Muslims, immigrants and women

 

 

 

 

 

CEO pay: Report from Equality Trust shows society's values are twisted

 

 

 

 

 

British based airlines 'told to move to Europe or lose business'

 

 

 

 

 

 

Primark recalls children's novelty cat leggings over choking hazard

 

The high street store is urging customers to return the product

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

RBS and NatWest to shut 158 branches

 

 

 

 

Rising popularity of online banking prompts the decision to ditch 17% of RBS and 13% of NatWest branches.

 

  • 23 March 2017
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

 

State pension age 'could be raised to 70'

 

Twenty year-olds may have to work till the age of 70, with millions more having to work till 68

 

  • 23 March 2017
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

Live Business Live: US stock markets volatile

 

Traders send shares up after earlier losses as Congress prepares for healthcare vote.

 

 

 

 

 

 

Next in first profit fall for eight years

 

  • 23 March 2017
  • From the section Business

 

 

Lorry firm Eddie Stobart eyes £550m value

 

  • 23 March 2017
  • From the section Business

 

 

Higher fuel prices hit retail sales

 

  • 23 March 2017
  • From the section Business

 

 

 

 

 

Next shares leads FTSE 100 higher

 

  • 23 March 2017
  • From the section Business

 

 

Hopes fade for Co-op Bank turnaround plan

 

  • 23 March 2017
  • From the section Business

 

 

Energy price cap implications 'ominous'

 

  • 23 March 2017
  • From the section Business

 

 

Buy a bond on your mobile in Kenya

 

  • 23 March 2017
  • From the section Business

 

 

Apple 'paid zero tax' in New Zealand

 

  • 23 March 2017
  • From the section Business

 

 

Single market benefit 'largely imaginary'

 

  • 23 March 2017
  • From the section Business

 

 

 

 

Also in the News

 

 

 

Bank cheques to be cleared within a day

 

  • 22 March 2017
  • From the section Business
  • comments

 

 

 

 

Two major US firms 'tricked out of $100m'

 

 

 

 

 

Features & Analysis

 

 

 

What Next for shops?

 

Next spells out what's troubling the High Street

 

  • 23 March 2017
  • From the section Business

 

 

 

 

 

‘Vegetable ivory’

 

How an obscure tree seed is helping to save the elephant

 

  • 23 March 2017
  • From the section Business

 

 

 

 

 

Urban spies

 

Are your shoes giving away data about you?

 

 

 

 

 

 

 

 

How many countries?

 

Is this dress better travelled than you?

 

  • 22 March 2017
  • From the section Business

 

 

 

 

 

Bear trap

 

What really makes Bear Grylls afraid?

 

  • 22 March 2017
  • From the section Business

 

 

 

 

 

Trouble on the ranch

 

Threats to trade deals worry US cattle farmers

 

  • 22 March 2017
  • From the section Business

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Platform Companies Are Becoming More Powerful — but What Exactly Do They Want?

 

By JOHN HERRMAN

 

With enough success, these businesses go from enabling transactions to controlling entire economies. But these raised stakes also create tensions that are becoming harder to ignore.

 

26mag-26onmoney-t_CA1-sfSpan.jpg

Illustration by Andrew Rae

 

 

 

 

 

 

 

 

 

25fox-top-thumbStandard-v2.jpg

One Nation, Under Fox: 18 Hours With a Network That Shapes America

 

By JOHN KOBLIN and NICK CORASANITI

 

Fox News is a singular force, crafting a searing narrative about what’s happening in the world for millions of viewers, including President Trump.

 

26Amazon-thumbStandard.jpg

Amazon’s Ambitions Unboxed: Stores for Furniture, Appliances and More

 

By NICK WINGFIELD

 

The online retailing giant is trying to bring its own formula to traditional retailing. If it is successful, it could change how all stores operate.

 

00koreahack-thumbStandard-v3.jpg

North Korea’s Rising Ambition Seen in Bid to Breach Global Banks

 

By PAUL MOZUR and CHOE SANG-HUN

 

An attack late last year targeting more than 20 Polish banks suggests that hackers linked to North Korea are becoming more sophisticated and brazen.

 

26uber-thumbStandard.jpg

Uber Suspends Tests of Self-Driving Vehicles After Arizona Crash

 

By MIKE ISAAC

 

The Uber vehicle was not at fault, the police said. But the accident comes at a difficult time for the company.

 

26xp-infowars-thumbStandard.jpg

Alex Jones Apologizes for Promoting ‘Pizzagate’ Hoax

 

By ELI ROSENBERG

 

Mr. Jones, a well-known conspiracy theorist, acknowledged that neither a Washington pizzeria nor its owner had been involved in human trafficking.

 

00db-personaldata1-thumbStandard.jpg

Banks and Tech Firms Battle Over Something Akin to Gold: Your Data

 

By NATHANIEL POPPER

 

Big banks are pushing for new agreements on the customer data they share with technology start-ups like Mint and Betterment.

 

NAFTA-thumbStandard.jpg

Renegotiate Nafta? Mexicans Say Get On With It

 

By AZAM AHMED

 

Uncertainty over the trade deal is hitting the country hard, pinching off foreign investment and lowering growth expectations.

 

26PODCAST1-WEB-thumbStandard.jpg

Welcome to the Podcast. First, a Word From Our Celebrity.

 

By ERIN GEIGER SMITH

 

Stars like Katie Couric and Lena Dunham often revel in putting a personal spin on the ho-hum ads they read as they host their digital shows.

 

Iran Imposes Sanctions on 15 U.S. Companies

 

By REUTERS

 

Iran accused the companies, many of them military contractors, of human rights violations and of cooperating with Israel.

 

Chinese Court Rules in Favor of Apple in Design Patent Disputes

 

By REUTERS

 

The court, in ruling against a domestic phone maker, overturned a ban on selling iPhone 6 and iPhone 6 Plus phones in China.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

Amazon avoids $1.5bn US tax bill in court ruling

 

Judge rules it legal for internet giant to funnel European sales through Luxembourg

 

 

 

 

 

Almost one in five small businesses in UK are struggling to survive

 

 

 

 

 

 

 

 

 

 

Twitter: Paid for premium service won't cure what ails the business

 

If Twitter can't find a way to draw in more users, no one will be interested in paying for analytics

 

 

 

 

 

 

Asda, Sainsbury's and Tesco are escalating their petrol price war

 

 

 

 

 

 

Leaving the euro would not help France and Italy, says ECB economist

 

 

 

 

 

 

The pound is going to take a huge hit, according to Deutsche Bank

 

Most economists’ forecasts are still more optimistic than that of the German lender, but few expect the currency to recover from its post-referendum lows any time soon

 

 

 

 

 

 

 

 

British maternity pay is one of the worst in Europe, reveals TUC

 

Pay is deemed decent by the TUC if it is at least equivalent to two-thirds of a woman’s pre-maternity leave earnings, or at a rate of greater than £840 per month

 

 

 

 

 

 

Will Ofcom compo plan force your broadband provider to shape up?

 

Getting a credit of £6 off your bill for every day your service is delayed doesn't sound like a lot when you consider the inconvenience of missing out on broadband

 

 

 

 

 

 

 

 

Mortgage approvals slip in February

 

There were 42,613 loans made by high street banks in the month, down from a post-Brexit referendum peak of 44,142 in January

 

 

 

 

 

 

Google just launched a programme to teach black students to code

 

The tech giant will select from 25 to 30 students for the residency

 

 

 

 

 

Credit Suisse bankers share £2.5bn bonus despite annual loss

 

 

 

 

 

Twitter considering adding subscription charge

 

 

 

 

 

 

Ofcom pushes for automatic compensation if customers' broadband fails

 

Under the new rules customers could get money back without having to go through potentially arduous claims processes

 

 

 

 

 

 

 

 

Deutsche Bank commits to London after Brexit with new UK headquarters

 

Corporate demand for office space in the capital has fallen dramatically since the EU referendum - firms leased 19 per cent less space in central London in 2016 than a year earlier

 

 

 

 

 

 

Robots and AI are threatening close to a third of UK jobs

 

The likelihood of automation is highest in sectors including transport, manufacturing, and wholesale and retail

 

 

 

 

 

 

 

Businessman putting job applicants through snowflake test is snowflake

 

Marketing man Kyle Reyes says he wants people who can justify their opinions. Just as long as they're the same as his opinions

 

 

 

 

 

Richard Branson writes emotional farewell letter to Virgin America

 

 

 

 

 

Brexit threat to anti-corruption fight warns OECD

 

 

 

 

 

 

RBS and NatWest banks to close more than 150 branches costing 470 jobs

 

The bank said that 30 RBS and 128 NatWest branches would be shut

 

 

 

 

 

 

 

CEO uses 'snowflake' test when hiring to avoid 'whiny millennials'

 

Someone who’s not proud to be an American is immediately out of the running, as are those who don’t support the Second Amendment right to bear arms

 

 

 

 

 

Pound sterling jumps to one month high

 

 

 

 

 

State pension age could rise to 70

 

 

 

 

 

 

British Gas boss condemned for £1m pay rise

 

News comes days after Prime Minister warned government would step in to control prices in a market that is 'manifestly not working' for customers

 

 

 

 

 

 

 

 

Why financial markets shrugged off the Westminster terror attack

 

Airline and hospitality stocks fell sharply last year after attacks at Brussels airport. After November 2015’s Paris attacks, tourism stocks came under pressure too

 

 

 

 

 

'This is what to do if your employee is resigning'

 

 

 

 

 

Next says the outlook is grim but the City is right not to buy it

 

 

 

 

 

 

Verizon, AT&T and Johnson & Johnson suspend advertising on Google

 

British pharmaceutical company GlaxoSmithKline (GSK) on Thursday also joined the boycott

 

 

 

 

 

 

 

Eurogroup head accused of racist and sexist comments pressured to quit

 

Jeroen Dijsselbloem said Southern European countries were like a man who had spent all his money on 'women and drink' and so can't ask Northern European countries to help them out

 

 

 

 

 

 

 

 

Threat to UK credit rating from cliff-edge Brexit says Moody's

 

"There is a risk of a sudden collapse of the negotiations without any substitute arrangements in place," the agency said in a new report ahead of the Government's triggering of Article 50

 

 

 

 

 

 

 

UK millionaires think Brexit will make them even richer

 

Despite rising inflation and a weakened pound most of the country’s wealthy think they personally will be better-off after Brexit

 

 

 

 

 

 

Retailer Brantano enters administration, more than 1,000 jobs at risk

 

Brantano currently operates 73 stores and 64 concessions across the UK and employs 1,086 staff

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Jones Bootmaker sale saves 840 jobs

 

 

 

 

The bulk of the footwear chain is sold to investment firm Endless, saving 72 stores.

 

  • 26 March 2017
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

 

Uber pulls self-driving cars after crash

 

Images show Uber vehicle on its side after apparent high-impact crash with ordinary driver.

 

 

 

Related content

 

 

 

 

 

 

 

Past pension 'mistakes must be avoided'

 

The author of a major pensions review tells the BBC that the government must avoid past pension mistakes.

 

  • 24 March 2017
  • From the section Business

 

 

Related content

 

 

 

 

 

Oil nations look at extending supply cut

 

  • 26 March 2017
  • From the section Business

 

 

WhatsApp can't be terrorists' 'hiding place'

 

  • 26 March 2017
  • From the section UK

 

 

Tackle vicious cycle of debt, say Lords

 

 

 

 

 

 

Supermarkets to cut fuel prices

 

  • 24 March 2017
  • From the section Business

 

 

Instant refund plan for broadband woes

 

  • 24 March 2017
  • From the section Business
  • comments

 

 

Tesco unlocks trolleys ahead of new £1

 

  • 24 March 2017
  • From the section Business

 

 

Pay boost for Pearson boss despite woes

 

  • 24 March 2017
  • From the section Business

 

 

Hermes parcels sorted in car park 'depot'

 

 

 

Cycle courier wins holiday pay battle

 

  • 24 March 2017
  • From the section Business

 

 

 

 

Features & Analysis

 

 

 

'Backward on pay'

 

Maternity pay "inadequate" say mums

 

  • 26 March 2017
  • From the section Business

 

 

 

 

 

Cheaper flights

 

Can long-haul air travel also be low cost?

 

  • 26 March 2017
  • From the section Business

 

 

 

 

 

New broom

 

What might actually change under F1's new owners

 

  • 24 March 2017
  • From the section Business

 

 

 

 

 

 

 

Nissan deal

 

What did the minister promise the car maker?

Chris Cook Policy editor, Newsnight

 

 

  • 24 March 2017
  • From the section UK

 

 

 

 

 

Ads in your eye

 

Tomorrow's mega-adverts could take to the skies

 

  • 24 March 2017
  • From the section Business

 

 

 

 

 

What Next for shops?

 

Next spells out what's troubling the High Street

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

Government to pay almost $100m to US companies for botched tender

 

Greg Clark said that the Government had settled outstanding litigation claims filed by Energy Solutions and Bechtel in relation to the Magnox contract

 

 

 

 

 

South Western rail commuters promised more seats, faster London trains

 

 

 

 

 

 

 

 

 

 

BT gets record fine, Tesco's is coming, but does it matter?

 

The financial impact will be limited when set against these companies’ revenues and earnings

 

 

 

 

 

 

Santander offers staff contracts guaranteeing just one hour a month

 

 

 

 

 

 

Sir James Dyson is 'enormously optimistic' about trading after Brexit

 

 

 

 

 

 

Brexit: Sir James Dyson's optimistic but British industry is worried

 

As Theresa May prepares to start the Brexit process, the Government has been warned about the dangers of failing to do a deal. But is anyone listening in the La La Land that rules in Westminster and Whitehall?

 

 

 

 

 

 

 

 

Brexit trade deals 'may not have economic benefits'

 

The man training our politicians to negotiate Brexit, says that we risk missing the point

 

 

 

 

 

 

Anger at key rail franchise award to Anglo-Chinese consortium

 

New operator takes over during massive summer rebuilding project at London Waterloo

 

 

 

 

 

 

 

 

Trump healthcare defeat helps pound to seven-week high against dollar

 

The defeat has caused some in the market to question the President's ability to implement other policies around regulation and tax

 

 

 

 

 

 

Bank stress test models weak profits and more fines for lenders

 

British banks have been hit with misconduct and compensation costs totalling more than £50bn in recent years

 

 

 

 

 

Maltesers, M&Ms and Minstrels packs shrinking by up to 15%

 

 

 

 

 

Jones Bootmaker sold to Endless, rescuing 840 jobs

 

 

 

 

 

 

Time running out to spend old coins, government warns

 

Shops have been told to stop accepting the traditional round coins on 15 October

 

 

 

 

 

 

 

 

Government awards First MTR franchise to run South Western

 

First MTR, which will start its operations on 20 August, takes over from Stagecoach, which has controlled the franchise for over two decades

 

 

 

 

 

 

BT slapped with £42m Ofcom fine for regulatory breaches at Openreach

 

The fine is the largest ever to be imposed on a telecoms provider

 

 

 

 

 

 

 

Ahead of Brexit, big companies are making few strategic changes

 

An overwhelming 89 per cent of respondents to the study said that Brexit had not changed their spending habits

 

 

 

 

 

No Brexit deal would mean a 'painful and costly' EU departure

 

 

 

 

 

Businesses demand action on unreliable broadband

 

 

 

 

 

 

Everything you need to know about the new £1 coin

 

The new coins will be introduced on Tuesday 28 March

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Brands Try to Blacklist Breitbart, but Ads Slip Through Anyway

 

By SAPNA MAHESHWARI

 

 

Companies have difficulty controlling where their ads appear because of the largely automated nature of online advertising.

 

 

 

rutenbergjump-sfSpan.jpg

Lexey Swall for The New York Times

 

 

Mediator

 

The Weekly Standard’s Arsenal to Fight Falsehoods: ‘Facts, Logic and Reason’

 

By JIM RUTENBERG

 

After a decades-long project to undercut the mainstream news media, some right-leaning organizations are pushing back, our media columnist writes.

 

 

 

 

 

 

 

 

 

 

 

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Stocks Take a Hit After Health Care Overhaul Falters

 

By PRASHANT S. RAO 1:05 PM ET

 

The major market indicators fell to their lowest levels since early February on Monday.

 

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Bill Gross and Pimco Settle Suit Over His Ouster

 

By MARY CHILDS 1:47 PM ET

 

A lawyer representing Mr. Gross, co-founder of Pimco, one of the biggest asset managers in the world, filed a request to dismiss his lawsuit.

 

New Chairman at Paramount Pictures Faces an Arduous Task

 

By BROOKS BARNES 2:12 PM ET

 

Viacom is hoping James Gianopulos, who previously ran 20th Century Fox, can bring stability to a studio that lost $445 million in its last fiscal year.

 

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Icahn Raises Ethics Flags With Dual Roles as Investor and Trump Adviser

 

By ERIC LIPTON 35 minutes ago

 

The billionaire is advising on regulations, including pressing for a change in an E.P.A. rule that has cost an oil refinery he’s invested in millions of dollars.

 

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After London Attack, U.K. Wants Access to Encrypted WhatsApp Messages

 

By MARK SCOTT

 

British lawmakers will meet with American tech representatives as part of a wider push to get Silicon Valley to do more to tackle potential threats.

 

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American Airlines Seeks China Southern Tie-Up as Traffic Booms

 

By NEIL GOUGH

 

If an agreement is struck, the Texas-based carrier could gain better access to the growing ranks of Chinese tourists looking to cross the Pacific.

 

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After Barring Girls for Leggings, United Airlines Defends Decision

 

By LIAM STACK

 

Passengers were turned away by a gate agent at Denver International Airport on Sunday morning for their attire, setting off a social media tempest.

 

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Retail Instincts Propel Investor to Venture Capitalism’s Top Tier

 

By KATIE BENNER and MICHAEL J. de la MERCED 1:57 PM ET

 

Kirsten Green is unusual for a number of reasons: She never worked at a venture capital firm before starting her own, and she’s a woman in a male-dominated field.

 

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The Top 20 Venture Capitalists Worldwide

 

 

These 20 venture capitalists – the investors who unearth the tiny start-ups that turn into tomorrow’s behemoths – are on the winningest streaks.

 

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Push for Internet Privacy Rules Moves to Statehouses

 

By CONOR DOUGHERTY

 

As Congress acts to roll back regulations limiting access to consumer data, several states are considering laws that could have a wide impact.

 

 

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Senate Committee to Question Jared Kushner Over Meetings With Russians

 

By JO BECKER, MATTHEW ROSENBERG and MAGGIE HABERMAN

 

The president’s son-in-law faces questions about meetings he arranged with the Russian ambassador, including a sit-down with the head of Russia’s state-owned development bank.

 

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Trump Puts a Presidential-Size Spotlight on His Brand

 

By ERIC LIPTON and NOAH WEILAND

 

The president spent part of this weekend at one of his golf clubs and in a restaurant at one of his hotels, part of a pattern of visits to properties that bear his name.

 

On Money

 

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Platform Companies Are Becoming More Powerful — but What Exactly Do They Want?

 

By JOHN HERRMAN

 

With enough success, these businesses go from enabling transactions to controlling entire economies. But these raised stakes also create tensions that are becoming harder to ignore.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Tesco shareholder opposes Booker deal

 

 

 

 

One of Tesco's biggest investors calls for the supermarket to pull its takeover of the food wholesaler.

 

  • 27 March 2017
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

 

Qatar announces £5bn UK investment

 

In the week of triggering Article 50, the government may find Qatar's vote of confidence particularly welcome.

Kamal Ahmed Economics editor

 

 

  • 27 March 2017
  • From the section Business
  • comments

 

 

Related content

 

 

 

 

 

 

 

Live Sterling hits $1.26 as FTSE falters

 

The pound rises as the dollar suffers, while the London and US markets struggle.

 

 

 

Related content

 

 

 

 

 

Samsung mulls 'exploding' Note 7 relaunch

 

 

 

Flawed nuclear tender sees £100m payout

 

  • 27 March 2017
  • From the section Business

 

 

Homebuyers flock to bank of mum and dad

 

  • 27 March 2017
  • From the section Business
  • comments

 

 

 

 

 

BT fined record £42m for late installations

 

  • 27 March 2017
  • From the section Business

 

 

Banks given new stress test scenarios

 

  • 27 March 2017
  • From the section Business
  • comments

 

 

Food chiefs warn on Brexit tariffs

 

  • 27 March 2017
  • From the section Business

 

 

Dow and Dupont merger gets EU go-ahead

 

  • 27 March 2017
  • From the section Business

 

 

Dyson optimistic about post-Brexit trade

 

  • 27 March 2017
  • From the section Business

 

 

FTSE falls as pound jumps against dollar

 

  • 27 March 2017
  • From the section Business

 

 

 

 

Also in the News

 

 

 

McDonald's worker, 94 - I'll never leave

 

 

 

 

 

Swedish hotels offer 'divorce refunds'

 

  • 24 March 2017

 

 

 

 

Features & Analysis

 

 

 

Rehab to riches

 

I quit heroin and became a fruit juice millionaire

 

  • 27 March 2017
  • From the section Business

 

 

 

 

 

Just Google it

 

How one company came to dominate search

 

  • 27 March 2017
  • From the section Business

 

 

 

 

 

'Backward on pay'

 

Maternity pay 'inadequate' say mums

 

  • 26 March 2017
  • From the section Business

 

 

 

 

 

 

 

Cheaper flights

 

Can long-haul air travel also be low cost?

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Global stocks, dollar cut losses on hope Trump can move past healthcare

 

Stocks, the dollar and U.S. long-dated Treasury yields slipped on Monday but recovered lost ground as investors hoped U.S. President Donald Trump will still be able to bolster the economy despite a defeat over healthcare reform.

7:21pm BST

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Bank of England to check banks ready for range of Brexit outcomes

 

Britain-based banks should take steps to ensure they do not have to curb lending suddenly if the country leaves the European Union in a disorderly way, the Bank of England said on Monday as Prime Minister Theresa May prepares to start Brexit talks.

4:54pm BST

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Big Tesco shareholders oppose $4.7 billion Booker deal

 

Two of Tesco's biggest shareholders have called on the supermarket group to withdraw its 3.7 billion pound ($4.7 billion) agreed offer for wholesaler Booker , potentially casting doubt on the deal's progress.

7:58pm BST

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Asset sales plan secures EU backing for $130 billion Dow, DuPont merger

 

Dow Chemical and DuPont won the blessing of the European Union for their $130 billion (103.45 billion pounds) merger on Monday by agreeing to sell substantial assets including key research and development activities.

7:04pm BST

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German government worried a 'hard Brexit' would cause market turbulence - report

 

The German Finance Ministry is worried there will be turbulence on the financial markets if there is a 'hard Brexit', a German newspaper reported on Monday - two days before Britain triggers divorce proceedings with the European Union.

6:40pm BST

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Lloyd's of London to choose Brussels or Luxembourg as EU hub - sources

 

Lloyd's of London, the world's largest speciality insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favourite, sources say.

5:35pm BST

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Oil lower again on doubts over duration of output cut

 

Oil resumed its slide on Monday as investors remained uncertain whether producing nations would extend an OPEC-led output cut beyond the end of June in an effort to reduce a global glut of crude.

7:32pm BST

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On the up: German business morale brightest in nearly six years

 

German business morale hit its highest level in nearly six years in March, suggesting company executives in Europe's largest economy are brushing off concerns about the threat of rising protectionism and Germany's own election issues.

1:45pm BST

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Brexit question draws U.S., Russian, Chinese interest at WTO

 

China, Russia and the United States said on Monday they were taking an interest in Brexit, a World Trade Organization source said, after a question about a tricky but vital reform required by Britain arose at the Geneva-based trade body.

6:56pm BST

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German rate setters call for preparing end of ECB's easy policy

 

Germany's two representatives on the European Central Bank's main policy-making body called on Monday for it to prepare to wind down its aggressive stimulus policy as soon as economic conditions allow it.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

France digs in as Peugeot shareholder with stake shift

 

France's state holdings agency sold its stake in carmaker PSA Group to the Bpifrance sovereign wealth fund, the government said on Monday, in a move signalling the government's intention to remain a shareholder for years to come.

6:35pm BST

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Facebook's Messenger app adds live location-sharing

 

Facebook Inc added a feature to its Messenger app on Monday to allow users to share their locations continuously for up to an hour, ramping up competition with tools offered by Apple Inc and Alphabet Inc's Google Maps.

6:01pm BST

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Snap surges after IPO banks give flurry of 'buy' ratings

 

Shares of Snap Inc jumped over 5 percent on Monday after several of the Snapchat owner's IPO underwriters handed it badly-needed "buy" ratings.

6:00pm BST

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U.S. air travel at record high on U.S., foreign carriers in 2016

 

U.S. and foreign airlines in the United States carried a record number of passengers in 2016, according to the government office that tracks airline traffic, besting the previous all-time high by 3.5 percent.

5:59pm BST

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EU's competition watchdog says a few merger candidates may have misled

 

A "small handful" of companies may have given misleading information when they sought approval for their mergers, Europe's competition commissioner said on Monday, putting the companies at risk of sanctions and fines should regulators find proof of wrongdoing.

5:48pm BST

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Lloyd's of London to choose Brussels or Luxembourg as EU hub - sources

 

Lloyd's of London, the world's largest speciality insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favourite, sources say.

5:35pm BST

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Factbox - Impact on insurers from Britain's vote to leave the EU

 

Lloyd's of London, the world's largest speciality insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favourite, sources say.

5:34pm BST

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FTSE hits one-month low as miners, Babcock slide

 

Britain's top share index hit a one-month low after the failure of U.S. President Donald Trump to push his healthcare reforms through Congress hit mining shares and Babcock fell after exiting a contract.

5:11pm BST

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UK manufacturers urge May to drop threat of no Brexit deal

 

Britain's manufacturers told Prime Minister Theresa May on Monday to drop her threat that she might take the country out of the European Union without a new trade deal, saying they would bear the brunt of trade barriers with the EU.

5:01pm BST

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Factbox - Impact on banks from Britain's vote to leave the EU

 

Global banks have warned they could move thousands of jobs out of Britain to prepare for the expected disruption caused by the country's exit from the European Union, endangering London's status as a major financial centre.

4:54pm BST

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RBS answering regulator questions about Russia money laundering claims

 

Royal Bank of Scotland said on Monday the Financial Conduct Authority (FCA) and other regulators have requested information about allegations the lender was involved in a global money laundering scheme.

4:19pm BST

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Zurich Insurance says no plans to hike capital now, seeks flexibility

 

Zurich Insurance said on Monday it was seeking shareholder authorisation to raise its capital so the board had the flexibility to fund acquisitions or cope with any "extreme stress events", but had no plans to issue new shares now.

4:06pm BST

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Samsung Electronics says to sell refurbished Galaxy Note 7s

 

Tech giant Samsung Electronics Co Ltd said on Monday it plans to sell refurbished versions of the Galaxy Note 7 smartphones that were pulled from markets due to fire-prone batteries.

4:00pm BST

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ECB's Nouy sees Monte Paschi rescue soon, working on more

 

European authorities will soon decide on a public rescue plan for Italian bank Monte dei Paschi di Siena and are working on similar requests from two smaller lenders, the European Central Bank's top supervisor said on Monday.

3:46pm BST

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Toshiba wants Westinghouse to file for bankruptcy as early as Tuesday - source

 

Toshiba Corp wants its U.S nuclear unit to file for Chapter 11 protection from creditors as early as Tuesday, according to a source with direct knowledge of the matter, seeking a quick ringfencing of losses before the Japanese parent's financial year ends.

3:41pm BST

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New budget test puts UK on front line in global drug price fight

 

Can society afford modern medicines? It's a question facing governments worldwide and nowhere more so than in Britain, where a new budget test due to take effect on April 1 threatens to throw up another hurdle to patients getting the drugs.

3:34pm BST

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UBS merges leadership in wealth management product factory

 

UBS is merging the leadership of its two divisions responsible for wealth management products, the world's biggest private bank said on Monday, as it tries to improve cooperation between its wealth management units.

3:27pm BST

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ABB replaces South Korean management after $100 million fraud

 

Power transmission and industrial automation company ABB has replaced its senior management in South Korea after an executive disappeared from the business with $100 million (79.43 million pounds).

3:03pm BST

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ECB should stick to its clearly laid out policy path - Smets

 

The European Central Bank should stick to its policy guidance even as the economy gains strength, Governing Council member Jan Smets said, dismissing comments by a "minority" that the bank's guidance on rates and asset buys is up for discussion.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Lufthansa expands Asia network with Cathay Pacific tie-up

 

Lufthansa and Cathay Pacific will sell tickets on some of each other's routes, boosting the German group's Asia-Pacific network and deepening a partnership in which the airlines already cooperate on freight flights.

2:55pm BST

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Qatar to invest 5 billion pounds in UK in next 3-5 years - finance minister

 

Qatar will invest 5 billion pounds in Britain over the next few years, the country's minister of finance said during a visit to London on Monday.

2:52pm BST

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UK will remain an attractive place for investment after Brexit - Qatar energy minister

 

Qatar's energy minister said Britain would remain an attractive place for investment after Brexit and that the UK had the right recipe to contribute to Qatar's economic diversification.

2:52pm BST

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London's reputation slips on Brexit but European rivals lag - survey

 

London has seen its standing as a financial centre slip as Britain prepares to trigger its departure from the European Union, according to a survey released on Monday, although rival European cities still lag far behind.

2:20pm BST

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On the up: German business morale brightest in nearly six years

 

German business morale hit its highest level in nearly six years in March, suggesting company executives in Europe's largest economy are brushing off concerns about the threat of rising protectionism and Germany's own election issues.

1:45pm BST

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Siemens pledges commitment to post-Brexit UK

 

German engineering group Siemens said it was committed for the long term to Britain, which will begin the formal process of leaving the European Union on Wednesday.

1:34pm BST

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BT fined record 42 million pound for business-line installation errors

 

Britain's BT has been fined a record 42 million pounds by the regulator for failing to install high-speed lines for businesses fast enough, in an error that is likely to cost the company around 300 million pounds in compensation.

1:19pm BST

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VW's Audi halts A4, A5 production at Ingolstadt over parts shortage

 

German luxury carmaker Audi will halt production of the A4 and A5 luxury models at its Ingolstadt base this week until Thursday due to a parts shortage after a fire at a supplier, it said on Monday.

1:09pm BST

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Engineering firm Cobham says under investigation by FCA

 

British engineer Cobham is being investigated by the country's Financial Conduct Authority in connection with its handling of inside information ahead of a trading update and rights issue announcement in April last year, the company said.

12:29pm BST

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Banks leaving UK may get years to comply with ECB rules - Lautenschlaeger

 

Banks moving from Britain to the EU because of Brexit could be given years to fully comply with European Central Bank rules, a top ECB supervisor said on Monday.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

On The Edge Of An "Uncontrollable Liquidity Event": The Definitive Guide To China's Financial System

 

db%20china%203.jpg

Is China on the verge of a "tipping point" or as Deutsche Bank puts it, on the edge of an "uncontrollable liquidity event"? For the answer and much more, here is everything you always wanted to know about the current precarious state of China's financial system.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Exclusive - Shell and Anadarko mull clean break from Permian venture: executive

 

Royal Dutch Shell Plc and Anadarko Petroleum Corp may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive.

11:39am BST

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UK will double export finance available to support trade with Qatar - minister

 

Britain will double the amount of export finance available to support trade with Qatar to 4.5 billion pounds, trade minister Liam Fox said on Monday.

11:29am BST

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Decision on Monte Paschi rescue soon; Vicenza and Veneto next: ECB

 

European authorities will soon decide on a public rescue plan for Italian lender Monte dei Paschi di Siena and are already working on similar requests from two smaller banks, the European Central Bank's top supervisor said on Monday.

11:07am BST

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Babcock agrees termination of UK nuclear decommissioning deal

 

Babcock International reached a deal with Britain's Nuclear Decommissioning Authority (NDA) on Monday to end a contract to clean up 12 Magnox nuclear sites, pulling 800 million pounds ($1.01 billion) from Babcock's order book.

10:48am BST

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HSBC less dovish on Fed, now sees two more U.S. rate hikes this year

 

Economists at HSBC changed their outlook for U.S. interest rates on Monday, and now expect the Federal Reserve to deliver another two rate hikes this year instead of the one previously anticipated.

10:11am BST

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EU's Vestager to announce merger decision at noon

 

EU antitrust chief Margrethe Vestager will announce a decision on a merger case at around noon, the European Commission said on Monday, without giving further details.

9:53am BST

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China's Hebei province launches new probe into steel overproduction

 

China's Hebei province, a major steel-producing area, has launched a fresh probe into steel overproduction in the city of Tangshan amid concerns that firms have continued to raise output despite mandatory capacity cuts.

9:40am BST

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China Jan-Feb industrial profits surge most in nearly six years as commodities rally

 

Profits of Chinese industrial firms surged almost 32 percent in the first two months of 2017 -- the fastest pace in nearly 6 years -- as prices of commodities from coal to iron ore raced higher.

9:39am BST

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German business shrugs off political uncertainties - Ifo economist

 

German companies are not impacted by the current climate of political uncertainty, Ifo economist Klaus Wohlrabe told Reuters on Monday.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

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