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The great interest rate rip off part 10


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US raises benchmark rate by 0.25%

 

 

 

 

The US Federal Reserve raises its key interest rate for only the third time in a decade.

 

  • 15 March 2017
  • From the section Business

 

 

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U-turn over National Insurance rise

 

The controversial change affecting self-employed people broke a Conservative manifesto commitment.

 

 

 

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Live Business Live: Reaction to US rate rise

 

US Federal Reserve raises benchmark interest rate to 0.75-1% following latest monetary policy meeting.

 

 

 

 

 

 

US charges Russian spies over Yahoo breach

 

  • 15 March 2017
  • From the section Technology
  • comments

 

 

Jobless rate down but wage growth slows

 

  • 15 March 2017
  • From the section Business
  • comments

 

 

M&S to host chats for 'frazzled' people

 

  • 15 March 2017
  • From the section Business

 

 

 

 

 

Audi and VW raided in emissions probe

 

  • 15 March 2017
  • From the section Business

 

 

Ikea drivers living in trucks for months

 

  • 15 March 2017
  • From the section Business

 

 

Sports Direct dubs pay report 'fake news'

 

  • 15 March 2017
  • From the section Business

 

 

Driverless cars 'may cause complacency'

 

  • 15 March 2017
  • From the section Business

 

 

E.On clears up the past with €16bn loss

 

  • 15 March 2017
  • From the section Business

 

 

Discounters 'exploit' lorry drivers

 

  • 15 March 2017
  • From the section Business

 

 

 

 

Also in the News

 

 

 

Bye round pound

 

  • 15 March 2017
  • From the section UK

 

 

 

 

Warning over fitness tracker hackers

 

  • 14 March 2017
  • From the section UK

 

 

 

 

Features & Analysis

 

 

 

Slow burn

 

US rates: The slow return to normality

 

  • 15 March 2017
  • From the section Business

 

 

 

 

 

Obesity crisis

 

Is this the food that is making us all fat?

 

  • 15 March 2017
  • From the section Business

 

 

 

 

 

National Insurance U-turn

 

Who benefits from the chancellor's change of heart?

 

 

 

 

 

 

 

 

Marked down

 

Who lost the most when cheating was stopped?

 

  • 15 March 2017
  • From the section Business

 

 

 

 

 

Charlotte Hogg

 

The woman who had to quit the Bank of England

 

  • 14 March 2017
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Fox and Sky

 

Is this time around any different?

Amol Rajan Media editor

 

 

 

 

 

 

 

 

Our Experts

 

Faltering wage growth is becoming May’s headache

 

Two numbers matter to Downing Street – wage growth and inflation. If the latter overtakes the former, that could signal a significant political headache for Number 10.

15 March 2017

 

Kamal Ahmed Economics editor

Doubts over future of UK electric mini

 

BMW boss tells the BBC the issue of tariffs post-Brexit is a factor in deciding where to build the car.

7 March 2017

 

Simon Jack Business editor

Toshiba's troubles: What has gone wrong?

 

The company has a huge hole in its finances caused largely by a massive writedown on US nuclear assets.

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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Fed raises rates as job gains, firming inflation stoke confidence

 

The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.

7:28pm GMT

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Hammond forced into U-turn on jobs tax after party revolt

 

Chancellor Philip Hammond announced a tax policy U-turn on Wednesday, scrapping a planned rise in an employment levy announced in a budget just a week ago following criticism that the measure breached his party election promises.

1:50pm GMT

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UK can't quantify impact of leaving EU without trade deal - Brexit minister

 

The British government has not carried out an assessment of what effect leaving the European Union without a new trade deal would have on the economy, Brexit minister David Davis said on Wednesday.

4:36pm GMT

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UK wage growth weakens but jobless rate lowest since 2005

 

Inflation gnawed away at British pay growth in the three months to January, an unpromising sign for the economy ahead of its divorce from the European Union even as the unemployment rate fell to its lowest level since 2005.

11:12am GMT

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U.S. retail sales weakest in six months, inflation firming

 

U.S. retail sales recorded their smallest gain in six months in February amid delays in tax refunds, but the biggest rise in the annual inflation rate in nearly five years pointed to rising price pressures that could support further interest rate hikes.

6:59pm GMT

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Global stocks strengthen, dollar fades as Fed sees gradual tightening

 

U.S. stocks pushed higher on Wednesday, while Treasury yields fell and the dollar weakened, after the Federal Reserve raised interest rates for the second time in three months but did not flag any plan to accelerate the pace of monetary tightening.

7:45pm GMT

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Renault CEO Ghosn targeted in French diesel probe

 

France's consumer fraud watchdog told prosecutors that Renault boss Carlos Ghosn should be held responsible for the carmaker's suspected diesel emissions cheating, a judicial source said on Wednesday.

7:46pm GMT

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British Airways and Unite union to seek end to pay dispute - ACAS

 

British Airways and Britain's biggest trade union Unite will meet to seek an end to a dispute over the wages of some of its cabin crew staff, industrial dispute conciliator ACAS said on Wednesday.

5:26pm GMT

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New UK drug cost rules leave companies fuming

 

British drugmakers on Wednesday accused Theresa May's Conservative government of breaking a manifesto commitment to improve access to new medicines, following approval of new cost rules that take effect on April 1.

6:08pm GMT

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In victory for automakers, Trump orders fuel economy rule review

 

The Trump administration on Wednesday ordered a review of tough U.S. vehicle fuel-efficiency standards put in place by the Obama administration, handing a victory to auto industry executives and provoking criticism from Democrats and environmental groups.

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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Goodbye deflation, hello inflation: investors position for turnaround

 

The demons of deflation are being consigned to the past by a pick-up in price pressures globally, prompting investors to seek protection in inflation-protected bonds.

6:17pm GMT

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New UK drug cost rules leave companies fuming

 

British drugmakers on Wednesday accused Theresa May's Conservative government of breaking a manifesto commitment to improve access to new medicines, following approval of new cost rules that take effect on April 1.

6:08pm GMT

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UK creates body to coordinate corporate watch for money-laundering

 

Britain will create a new watchdog to coordinate the currently splintered approach by professional bodies to detecting money-laundering, the finance ministry said on Wednesday.

6:05pm GMT

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Resources stock rally drives European shares to two-week closing high

 

European shares achieved their highest closing level in two weeks on Wednesday, boosted by basic resource and oil stocks, while French aeroplane seat-maker Zodiac slumped after its latest profit warning.

5:40pm GMT

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Nasdaq CEO says tech partnership can help win $100 billion Saudi Aramco IPO

 

Nasdaq Inc is touting its technology credentials in its effort to win the listing of Saudi Aramco's upcoming initial public offering, the exchange operator's chief executive said in an interview.

5:36pm GMT

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British Airways and Unite union to seek end to pay dispute - ACAS

 

British Airways and Britain's biggest trade union Unite will meet to seek an end to a dispute over the wages of some of its cabin crew staff, industrial dispute conciliator ACAS said on Wednesday.

5:26pm GMT

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Lufthansa agrees deal with pilots on pay and pensions

 

Lufthansa and its pilots' union have reached a wide-ranging agreement on pay, pensions and working practices, bringing an end to years of wrangling and strikes and boosting shares in the German group.

5:20pm GMT

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FTSE rise supported by commodity stocks, Hikma rally

 

British shares inched up on Wednesday, supported by higher commodity stocks and a rally in drugmaker Hikma following better than expected earnings growth, but concerns over Brexit continued to dampen the mood.

5:17pm GMT

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Saudi Aramco to resume oil product shipments to Egypt soon

 

Saudi Arabian state oil company Aramco will resume oil product shipments to Egypt some six months after suddenly halting them, the Egyptian Petroleum Ministry said on Wednesday.

5:14pm GMT

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China's Premier Li touts free trade, says no hard landing for economy

 

China's Premier Li Keqiang reassured investors on Wednesday that the world's second-largest economy is strong and not at risk of a hard landing, while stressing Beijing's support for globalisation and free trade at a time of rising protectionism.

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

Exclusive: EDF tries new fixes in effort to restart nuclear reactors

 

EDF is employing new techniques in a bid to restart four nuclear reactors that have been idled for months due to a series of glitches, a top executive at the French utility said.

5:03pm GMT

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Emerging markets, online growth help Zara-owner Inditex outpace H&M

 

Fashion retailer H&M's sales fell unexpectedly in February while Inditex , which owns Zara, pulled further ahead of its Swedish rival, helped by its expansion online and a bigger emerging market presence.

4:48pm GMT

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Saudi Aramco oil product shipments to Egypt will resume 'very shortly' - Egyptian official

 

Saudi Aramco oil product shipments to Egypt will resume very shortly, an Egyptian Petroleum Ministry official told Reuters on Wednesday.

4:47pm GMT

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Audi searched by German police in Dieselgate swoop

 

German prosecutors searched Audi's two biggest plants and other sites on Wednesday in connection with the emissions scandal still rocking parent Volkswagen , adding to pressure on the luxury division and its Chief Executive Rupert Stadler.

4:41pm GMT

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UK can't quantify impact of leaving EU without trade deal - Brexit minister

 

The British government has not carried out an assessment of what effect leaving the European Union without a new trade deal would have on the economy, Brexit minister David Davis said on Wednesday.

4:36pm GMT

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Ukraine's Metinvest says separatists have seized assets

 

Ukraine's largest steelmaker, Metinvest said on Wednesday steel and coke assets in territory controlled by pro-Russian separatists had been seized by rebels.

4:31pm GMT

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Opel CEO to stay on under Peugeot leadership - magazine

 

Opel Chief Executive Karl-Thomas Neumann plans to remain in his job even after the carmaker has been sold to France's Peugeot, the German executive told German magazine Auto Motor und Sport.

4:06pm GMT

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U.S. oil stockpile decline reverses nine weeks of builds - EIA

 

U.S. crude stocks fell last week as imports plummeted, dropping after nine consecutive increases, while gasoline and distillate inventories declined more than expected, the Energy Information Administration said on Wednesday.

3:53pm GMT

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U.S. may find tough negotiator in Japan's fiery minister Aso

 

In his presidential campaign last year, Donald Trump promised to scrap trade deals that gave unfair advantages to other nations and replace them with new ones that would revitalise the U.S. economy and bring jobs back home.

3:27pm GMT

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Pacific trade pact countries eye way forward on integration

 

The 11 remaining members of the Trans-Pacific Partnership (TPP) said after meeting on Wednesday that they had discussed "a way forward that would advance economic integration in the Asia Pacific," but did not elaborate on what that path might be.

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: EU warns banks may face higher bad loan risk when ECB tightens

 

European Union banks may face increasing risks from bad loans totalling 1 trillion euros (902.8 billion pounds) when the European Central Bank cuts back its economic stimulus programme, internal EU documents seen by Reuters said.

3:07pm GMT

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Intel bets on selling Mobileye data, with maps a first test

 

To understand Intel's $15.3 billion (12.6 billion pounds) proposed acquisition of Israel's Mobileye, imagine the data created and compiled by a self-driving car scanning the road and objects around it as a potential source of revenue.

3:00pm GMT

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Bosch sticks to own technology in face of Intel-Mobileye merger

 

Bosch, the world's biggest maker of automotive components, will continue to develop its own visual technology regardless of Intel's $15 billion (12.31 billion pounds) deal to buy Mobileye , an executive said on Wednesday.

2:59pm GMT

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Top banks to earn billions more from bond trading in first quarter - Barclays

 

The world's top banks are expected to rake in billions more from bond trading in the first quarter, with U.S. banks putting in another solid performance and European banks taking even greater strides on the road to recovery, Barclays said on Wednesday.

2:57pm GMT

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UK government grants development consent for Keuper gas storage project

 

Britain has granted development consent for the Keuper gas storage facility, the Planning Inspectorate said on Wednesday.

2:55pm GMT

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Snap shares hit new low in choppy trading as valuation concerns mount

 

Shares in Snap Inc hit a fresh low on Wednesday, falling as much as 2.6 percent before clawing back some losses in choppy trading as analysts questioned the company's prospects.

2:34pm GMT

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Buyout groups secure funding to pursue Stada bids

 

Two private equity consortia vying for control of German generic drugmaker Stada have lined up funding to back their rival takeover offers each worth 4.7 billion euros (4.1 billion pounds) including debt.

2:29pm GMT

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German cabinet agrees budget framework, hikes spending without net new debt

 

Germany plans to gradually increase state spending until 2021 without net new debt, sticking to its goal of running a balanced budget despite international calls to hike investment more strongly in infrastructure and defence.

2:27pm GMT

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Wells Fargo, RBS, Deutsche Bank in $165 million NovaStar settlement

 

Wells Fargo & Co , Royal Bank of Scotland Group Plc and Deutsche Bank AG have reached a $165 million (135.42 million pounds) class-action settlement over their underwriting for the now-bankrupt subprime lender NovaStar Mortgage Inc.

2:01pm GMT

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AT&T's $85.4 billion deal for Time Warner wins EU thumbs-up

 

AT&T Inc has won approval from the European Commission for its planned $85.4 billion (70.1 billion pounds) acquisition of Time Warner Inc , the No. 2 U.S. wireless carrier said on Wednesday.

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

 

 

 

 

US 'forces G20 to drop any mention of climate change' in statement

 

Financial officials from the world's biggest economies have dropped from a joint statement any mention of financing action on climate change, reportedly following pressure from the US and Saudi Arabia.

 

 

 

 

 

FTSE 100 hits yet another record closing high

 

 

 

 

 

 

 

 

 

 

Google to explain why 'taxpayer-funded ads are funding extremists'

 

Google summoned by ministers to explain how adverts shown alongside rape apologists, anti-Semites and hate preachers

 

 

 

 

 

 

Bob Diamond returns to City with deal to buy stockbroker Panmure?

 

 

 

 

 

 

Jobs with highest risk of suicide for men and women revealed

 

 

 

 

 

 

Germany 'could file lawsuit' over Donald Trump's border tax at WTO

 

Brigitte Zypries said that she’s banking on both the President’s 'rationality' and the power of the law, to make ensure that the tax does not come into effect

 

 

 

 

 

 

 

 

Hundreds of thousands of gig economy workers demand basic rights

 

Companies are trying to ‘have their cake and eat it’, according to the Chartered Institute of Personnel and Development

 

 

 

 

 

 

Bob Diamond teams up with Qataris to buy Panmure Gordon

 

Mr Diamond, 65, who stepped down from Barclays in 2012, has signalled a growing interest in pursuing bank takeovers in Europe in recent years

 

 

 

 

 

 

 

 

Scotland could abandon currency union with UK, Alex Salmond says

 

Mr Salmond also said that he thought Theresa May’s efforts to postpone a second referendum until after Brexit had the potential to backfire and embolden support for independence

 

 

 

 

 

 

Employees aged 25-34 most unhappy with work-life balance

 

The YouGov poll shows that one in five 25-34 year-olds is unhappy with their work-life balance, and around one in six 18-24 year-olds

 

 

 

 

 

Toyota invests £240m in UK plant but issues warning over Brexit

 

 

 

 

 

Billionaire is betting on both sides of French Presidential election

 

 

 

 

 

 

Sky: Will Ofcom or the CMA dare to say no to the Murdochs?

 

Culture Secretary Karen Bradley has past the buck of 21st Century Fox's proposed takeover of Sky over to the regulators. Whether they like it or not, their decisions on it will be seen as political

 

 

 

 

 

 

 

 

Poland aims to be big winner from Brexit battle for UK banking jobs

 

Poland's government expects to attract around 25,000-30,000 jobs from Britain in the business services sector just this year

 

 

 

 

 

 

First split over interest rates on Bank of England MPC since last July

 

The pound jumped sharply to $1.2342 in response to the news, up 0.65 per cent

 

 

 

 

 

 

 

Regulator urged to investigate official data leaks by TSC

 

On eight occasions over the past year the pound moved against the dollar in the minutes before the release of retail sales numbers in a way that correctly anticipated the subsequent shift

 

 

 

 

 

Murdoch’s Sky takeover bid to be examined by regulators

 

 

 

 

 

Peta to buy Canada Goose shares to stop firm using coyote fur

 

 

 

 

 

 

Tech giants mysteriously stop opposing travel ban

 

Other firms including Airbnb and Lyft are still fighting the ban

 

 

 

 

 

 

 

Sainsbury's: Do its shoppers want values or value?

 

The grocer is promising only "fair" prices as its blushes were saved by Argos

 

 

 

 

 

Sainsbury's warns of price 'uncertainty' as sales fall

 

 

 

 

 

Dozens of companies launch legal action against Trump's new travel ban

 

 

 

 

 

 

Cautious Federal Reserve knocks dollar and supports bond prices

 

The dollar index, which measures the currency’s strength against a broad spectrum of other currencies, slumped to a three-week low

 

 

 

 

 

 

 

 

Environmental policies are 'driving down consumer energy bills'

 

'Action to deliver a cleaner, more efficient energy system is already delivering benefits for households and businesses'

 

 

 

 

 

US Federal Reserve raises interest rates

 

 

 

 

 

Renault's entire management team 'implicated in emissions test fraud'

 

 

 

 

 

 

Controversial weedkiller 'does not cause cancer', experts conclude

 

'The overwhelming weight of evidence shows that glyphosate poses no risk to human health when used correctly,' says farmers' leader

 

 

 

 

 

 

 

This is how much the National Insurance U-turn will cost

 

What is the size of the hole this opens up? And where does this cost rank in terms of other fiscal U-turns by the Government in recent years?

 

 

 

 

 

 

 

 

Rolls-Royce: IoD right to criticise tone deaf bonus

 

The influential business group has recognised the problems with soaring CEO pay. The pity is CEOs themselves, and their remuneration committees, still appear immune to criticism

 

 

 

 

 

 

 

US cities shop for $10bn of electric vehicles in defiance of Trump

 

'Now more than ever there is a need for cities’ leadership on climate'

 

 

 

 

 

 

Toshiba shares tumble putting future of new UK nuclear plant in doubt

 

Company said it would expand a probe into Westinghouse, which is backing a new power station at Moorside, Cumbria

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

 

 

 

The Observer view on employment policy

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

Gripes About Obamacare Aside, Health Insurers Are in a Profit Spiral

 

By JEFF SOMMER

 

 

Even in a supercharged stock market, UnitedHealth and its peers are outperforming the market. The reasons may surprise you.

 

 

 

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Minh Uong/The New York Times

 

 

 

 

 

 

 

 

 

 

 

 

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In Silicon Valley, a Voice of Caution Guides a High-Flying Uber

 

By KATIE BENNER

 

The venture capitalist Bill Gurley is a rare figure in Silicon Valley, vocally chiding some of the biggest start-up stars to show some discipline.

 

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A Small Table Maker Takes On Alibaba’s Flood of Fakes

 

By MICHAEL SCHUMAN

 

With his computer and simple software, Greg Hankerson hunts for counterfeits and seeks other small businesses willing to fight a Chinese e-commerce giant.

 

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U.S. Breaks With Allies Over Trade Issues Amid Trump’s ‘America First’ Vows

 

By JACK EWING

 

Trump administration officials at a Group of 20 summit rejected concerns about spreading protectionism and made clear that the new administration would seek different approaches to global commerce.

 

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China Defends Plan to Bolster Its High-Tech Industries

 

By KEITH BRADSHER

 

An official called a plan to juice economic development in emerging industries a necessary strategy in the face of Western countries’ controls of certain high-tech gear.

 

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Shadow Lending Threatens China’s Economy, Officials Warn

 

By KEITH BRADSHER

 

The rise of money-raising efforts outside official banking channels poses risks to the financial system of the world’s No. 2 economy, officials say.

 

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Jimmy Breslin, Legendary New York City Newspaper Columnist, Dies at 88

 

By DAN BARRY 12:10 PM ET

 

With prose that was savagely funny, deceptively simple and poorly imitated, Mr. Breslin created his own distinct rhythm in the hurly-burly music of newspapers.

 

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One Billion Yahoo Accounts Still for Sale, Despite Hacking Indictments

 

By VINDU GOEL

 

Federal investigators continue to pursue the people behind a 2013 attack compromising user accounts, despite filing charges in a 2014 cyberattack.

 

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As Uber Woos More Drivers, Taxis Hit Back

 

By WINNIE HU

 

Rival centers serving drivers underscore a fierce competition as ride-hailing apps have expanded in New York.

 

 

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Marijuana Industry Presses Ahead in California’s Wine Country

 

By THOMAS FULLER

 

Sonoma County has become a seedbed of cannabis experimentation, despite threats from the Trump administration to increase enforcement against recreational use.

 

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Betsy DeVos’s Hiring of For-Profit College Official Raises Impartiality Issues

 

By PATRICIA COHEN

 

Robert S. Eitel, a lawyer for a for-profit college operator under repeated scrutiny, has taken an Education Department post while on unpaid leave.

 

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Give President Free Rein to Fire Consumer Board Chief, Justice Dept. Argues

 

By STACY COWLEY

 

In a legal brief filed on Friday, Justice Department lawyers stopped short of calling for abolishing the Consumer Financial Protection Bureau, but said its structure was unconstitutional.

 

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Fox’s Andrew Napolitano Stirred the Pot for Trump’s British Tempest

 

By MICHAEL M. GRYNBAUM

 

Napolitano, the network’s senior legal analyst, set off a global row by asserting that Britain’s top spy agency had wiretapped Mr. Trump on behalf of Barack Obama.

 

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Despite Pollution, Coal Plant Is Cleared to Reopen in New Delhi

 

By NIDA NAJAR

 

In addition, India’s environment minister dismissed a report that linked air pollution to a million premature deaths each year.

 

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A Tweet to Kurt Eichenwald, a Strobe and a Seizure. Now, an Arrest.

 

By CECILIA KANG

 

A strobe-light image sent on Twitter to Mr. Eichenwald, a journalist who has epilepsy, has been compared to sending a bomb or anthrax in the mail.

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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G20 drops anti-protectionist pledge

 

 

 

 

Finance ministers drop a commitment to free trade because of opposition from the Trump administration.

 

  • 18 March 2017
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

 

What a £1 coin could have made since 1983

 

Investment returns since the £1 coin was launched reveals the reward for risk, an asset manager argues.

 

  • 17 March 2017
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

 

New York Times boss on Trump's accusations

 

New York Times boss Mark Thompson discusses being in the firing line for Donald Trump's tweets.

 

  • 19 March 2017
  • From the section Business

 

 

 

 

 

Homes cost more than seven times income

 

  • 17 March 2017
  • From the section Business

 

 

BA owner launches new long-haul airline

 

  • 17 March 2017
  • From the section Business

 

 

'Patchy progress' for Tiffany

 

  • 17 March 2017
  • From the section Business

 

 

 

 

 

Brazil packers 'sold bad meat worldwide'

 

 

 

UK government pulls ads from YouTube

 

 

 

BP in talks with Ineos over pipeline sale

 

 

 

When rogue punctuation proves costly

 

  • 17 March 2017
  • From the section Business

 

 

Bob Diamond to buy Panmure Gordon

 

  • 17 March 2017
  • From the section Business

 

 

Berkeley shrugs off Brexit to hit target

 

  • 17 March 2017
  • From the section Business

 

 

 

 

Also in the News

 

 

 

Indian Saddam's vain quest for a job

 

  • 19 March 2017
  • From the section India

 

 

 

 

McDonald's deletes tweet attacking Trump

 

 

 

 

 

Features & Analysis

 

 

 

Any old Joe

 

The bank boss who made it to the top aged 33

 

  • 17 March 2017
  • From the section Business

 

 

 

 

 

Robo-nurses

 

Using robots to help care for the elderly.

 

  • 17 March 2017
  • From the section Business

 

 

 

 

 

Vote of confidence

 

Toyota's investment will be welcomed by UK car industry

 

  • 16 March 2017
  • From the section Business

 

 

 

 

 

 

 

Slow burn

 

US rates: The slow return to normality

 

  • 15 March 2017
  • From the section Business

 

 

 

 

 

'No sex, no politics'

 

The perils and pratfalls of the business lunch

 

  • 16 March 2017
  • From the section Business

 

 

 

 

 

Obesity crisis

 

Is this the food that is making us all fat?

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

G20 trade wording considered a setback for export champion Germany

 

The failure of the world's financial leaders to agree on resisting protectionism and support free trade marks a setback in the G20 process and poses a risk for growth of export-driven economies such as host Germany, economists said on Sunday.

10:36am GMT

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Peugeot family says Opel deal paves way for global expansion - paper

 

PSA Group's acquisition of General Motors division Opel gives the French carmaker greater scale to pursue global expansion plans, family shareholder Jean-Philippe Peugeot told German paper Welt am Sonntag.

3:59pm GMT

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Euro zone's Dijsselbloem calls for ESM to be turned into a European IMF

 

The European Stability Mechanism (ESM) - the euro zone's bailout fund - should ultimately be turned into a European version of the International Monetary Fund, the head of euro zone finance ministers told a German newspaper.

6:03pm GMT

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G20 review of banking rules no rollback of regulation - Weidmann

 

Finance leaders of the world's top economies have agreed to review banking rules, but this does not automatically mean hard-fought financial market regulation will be rolled back, Bundesbank President Jens Weidmann told Reuters on Sunday.

2:25pm GMT

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UBS set to go to trial in France over tax case - judicial source

 

French magistrates are expected early this week to order a trial in a tax case involving Swiss bank UBS and a French subsidiary, a judicial source said on Sunday, after negotiations with investigators failed to produce a settlement.

11:20am GMT

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Markets welcome G20's FX stance, wary on trade split

 

Financial leaders from the world's biggest economies found common ground on foreign exchange at a G20 meeting on Saturday but failed to agree on trade, highlighting a global shift towards protectionism and setting a cautious tone for financial markets next week.

12:32pm GMT

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IBM and Wanda form China cloud computing partnership

 

IBM and a unit of China's Dalian Wanda Group, a property and entertainment conglomerate, agreed on Sunday to team up to provide cloud services to Chinese companies, the U.S. technology provider said.

3:57pm GMT

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EU chief Juncker warns against EU-US trade war - Bild am Sonntag

 

European Commission President Jean-Claude Juncker warned in a newspaper interview that a trade war between the United States and Europe would not be good for either.

18 Mar 2017

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Unilever prepares 6 billion pound sale of food brands - newspapers

 

Unilever is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday.

18 Mar 2017

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VW CEO offices searched in Audi investigation: Bild am Sonntag

 

Munich prosecutors searched the offices of Volkswagen Chief Executive Matthias Mueller as part of an investigation into diesel emission test cheating at Audi, German weekly Bild am Sonntag said.

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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Australia threatens gas majors with 'action' to avert domestic shortage

 

Australia’s minister for resources said on Sunday that the government would take action to avert an energy shortage if big gas producers did not boost supply for the country’s domestic market.

1:08am GMT

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Piech Porsche SE stake may be sold by end May - Bild am Sonntag

 

A large Porsche SE stake owned by former Volkswagen chairman Ferdinand Piech may be bought by other members of the Porsche and Piech clans before May 30, German weekly Bild am Sonntag said.

18 Mar 2017

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VW CEO offices searched in Audi investigation: Bild am Sonntag

 

Munich prosecutors searched the offices of Volkswagen Chief Executive Matthias Mueller as part of an investigation into diesel emission test cheating at Audi, German weekly Bild am Sonntag said.

18 Mar 2017

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Unilever prepares 6 billion pound sale of food brands - newspapers

 

Unilever is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday.

18 Mar 2017

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IMF's Lagarde - growth strengthens but 'wrong' policies may halt it

 

International Monetary Fund Managing Director Christine Lagarde said on Saturday that global growth was gaining strength, but cautioned that the "wrong" policies "could stop the new momentum in its tracks."

18 Mar 2017

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G20 financial leaders row back on free trade pledge

 

The world's financial leaders rowed back on a pledge to keep an open and inclusive global trade system after being unable to find a suitable compromise with an increasingly protectionist United States.

18 Mar 2017

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G20 adopt list of principles to strengthen economic resilience

 

The world's financial leaders adopted a list of principles on Saturday to boost the resilience of their economies against future shocks, including the advice to strengthen policy frameworks to reap the benefits of open markets.

18 Mar 2017

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U.S. wants free but fair and balanced trade - Mnuchin

 

The United States remains committed to free trade but wants to re-examine some trade deals and correct their excesses, U.S. Treasury Secretary Steven Mnuchin said on Saturday after G20 finance chiefs backtracked on past commitments about trade.

18 Mar 2017

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G20 financial chiefs agree open trade is key to growth - Schaeuble

 

There was a broad consensus among G20 financial chiefs that open trade was key to strengthening economic resilience, German Finance Minister Wolfgang Schaeuble said on Saturday, downplaying the lack of a clear rejection of protectionism.

18 Mar 2017

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Chinese growth prospects improved, policy still prudent - PBOC's Zhou

 

Chinese central bank governor Zhou Xiaochuan said growth prospects have improved in the world's second-largest economy, but its monetary policy remains prudent and neutral.

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

Siemens says failure to publish company history not a cover-up

 

Germany industrial and engineering giant Siemens said a decision not to publish a manuscript about the company's recent history, including some findings about a corruption scandal, did not amount to a cover-up.

18 Mar 2017

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G20 keeps bank regulation efforts alive with Basel commitment

 

Finance chiefs of the world's top 20 economies pledged on Saturday to finalise new banking regulations, easing concerns that the new U.S. administration would pull out of a long-delayed global accord known as Basel III.

18 Mar 2017

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France regrets G20 meeting outcome on trade, climate change

 

French Finance Minister Michel Sapin said he regretted that a meeting of world financial leaders on Saturday had failed to reach satisfactory conclusions on climate change and trade.

18 Mar 2017

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EU chief Juncker warns against EU-US trade war - Bild am Sonntag

 

European Commission President Jean-Claude Juncker warned in a newspaper interview that a trade war between the United States and Europe would not be good for either.

18 Mar 2017

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Germany's DIHK says 'hard Brexit' would severely hit German economy

 

The impact of a "hard Brexit" on Germany would be severe, the president of Germany's DIHK Chambers of Industry and Commerce said in a media interview published on Saturday.

18 Mar 2017

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G20 finance heads to agree on forex, struggle on trade, climate change

 

The world's financial leaders will renounce competitive devaluations and warn against exchange rate volatility, a document showed on Friday, but are likely to struggle to find common ground on trade and financing against climate change.

18 Mar 2017

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Apple CEO Tim Cook calls for more global trade with China

 

Apple Chief Executive Tim Cook expressed support for globalisation and said China should continue to open its economy to foreign firms, while speaking at a forum in Beijing on Saturday.

18 Mar 2017

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Chairman of China's Anbang bullish on Europe's 'cheap assets'

 

The chairman of China's privately-held Anbang Insurance Group said at the China Development Forum on Saturday he is bullish on investing in Europe despite great uncertainty over issues including refugees, economic challenges and rising populism.

18 Mar 2017

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Beijing, Saudi Arabia agree to more oil cooperation, exports to China

 

China and Saudi Arabia will increase their cooperation in the oil sector, including in Saudi oil exports to China, the two countries said in a joint communique issued on Saturday at the end of Saudi Arabian King Salman's visit to Beijing.

18 Mar 2017

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Exclusive - Germany plans to buy six Lockheed C-130J aircraft for 900 million euros

 

The German government plans to buy six Lockheed Martin C-130J military transport planes for around 900 million euros (726 million pounds) starting in 2019 under a joint operating agreement with France, German government documents show.

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

A third of European firms to cut investment due to Brexit - survey

 

A third of European companies expect to cut investment spending due to Brexit uncertainties and a tenth of those with operations in the Britain plan to pull out of the country, a survey of 600 euro zone firms, by Swiss bank UBS, found.

18 Mar 2017

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French ad group Havas says only UK unit pulling adverts from Google

 

French advertising group Havas said on Friday that it would not pull advertising from Alphabet Inc's Google platforms on a global basis, after its British business suspended activity with the U.S. company over concerns about its YouTube website.

18 Mar 2017

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Three votes down - now for the French

 

Americans angry with their lot elected the anti-establishment Donald Trump despite a U.S. economy running at an annual rate of around 3.5 percent and unemployment at a meagre 4.6 percent.

18 Mar 2017

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Buffett's pay rises; Berkshire urges rejection of shareholder proposals

 

Warren Buffett's compensation for running Berkshire Hathaway Inc edged up 4.0 percent last year to $487,881 reflecting the higher cost of keeping the world's second-richest person safe.

17 Mar 2017

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World stocks touch record high, dollar decline deepens

 

A global stocks index touched a fresh record high on Friday, wrapping up a week when many of the world's major central banks either raised interest rates or signalled they might do so, underlining confidence about economic growth and inflation.

17 Mar 2017

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Oil prices steady but outlook more bearish

 

Oil prices were largely steady on Friday, finishing the week with modest gains, but speculators sharply cut long positions during last week's rout, on concerns that an OPEC production cut was failing to reduce a global supply overhang.

17 Mar 2017

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Credit Suisse set to decide in April on Swiss bank IPO - sources

 

Credit Suisse's board of directors is set to decide in April whether to go ahead with a partial initial public offering of its Swiss bank, two people familiar with the matter told Reuters, with alternative options being considered.

17 Mar 2017

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Porsche invests in tech services to offset possible sales decline

 

Porsche will invest hundreds of millions of euros in digital services to generate the revenue needed to offset an expected decline in car sales in the coming years, its finance chief said on Friday.

17 Mar 2017

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BA owner IAG to launch low-cost flights from Barcelona in June

 

British Airways owner IAG said it will launch a new low-cost, long-haul airline with flights from Barcelona to the Americas, in response to rising budget competition on transatlantic routes.

17 Mar 2017

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Italy scraps employment voucher system to avoid referendum showdown

 

Italy has abolished voucher payments for workers, which were highly popular with employers, to avoid a bruising referendum championed by the country's main union, Prime Minister Paolo Gentiloni said on Friday.

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

 

 

 

 

Donald Trump drops more than 200 spots in Forbes rich list to 544th

 

Forbes attributes his fall to the state of the Manhattan real estate market in which Mr Trump has invested a disproportionate amount of his fortune

 

 

 

 

 

You can fly to California for only £220 rtn - but you have to be quick

 

 

 

 

 

 

 

 

 

 

Movie-tax lawyer Jolyon Maugham's bid to stop Brexit in a Dublin court

 

Jolyon Maugham has emerged as one of the most potent voices against the UK’s looming European exit

 

 

 

 

 

 

Uber president Jeff Jones quits after six months

 

 

 

 

 

 

Andy Haldane floats digital productivity boost for firms

 

 

 

 

 

 

Lloyds sets up review for fraud victims under Prof Russel Griggs

 

The Scottish businessman will look at compensation claims stemming from the £245m fraud committed by Lynden Scourfield and other financiers

 

 

 

 

 

 

 

 

 

Subway slammed for 'sandwich apprenticeships' paying £3.50 an hour

 

Union slams fast food chain for 'exploiting' young workers

 

 

 

 

 

 

Bank bosses push for lower taxes and lighter regulation after Brexit

 

UK must not to 'assume it’s unassailable', in financial services, said John McFarlane, chairman of Barclays

 

 

 

 

 

 

 

 

Google's apology over extremist content isn't enough

 

A growing number of advertisers are pulling their business. Google needs to take more responsibility for what appears on its platforms and the same goes for other tech-media companies in Silicon Valley

 

 

 

 

 

 

Lord Myners urges crackdown on UK corporate takeovers

 

Lord Myners likened the UK market to a 'garage sale' in which 'everything is up for sale if the price is right'

 

 

 

 

 

GMB urges investors to defend the Unilever model. They must listen

 

 

 

 

 

Unilever 'considering selling' brands including Flora and Stork spread

 

 

 

 

 

 

Vodafone and Idea Cellular to create India's biggest telecoms group

 

The combined Vodafone-Idea group would have almost 400 million customers, or 35 per cent market share

 

 

 

 

 

 

 

 

UN issues call to stop wasting sewage, warning fresh water is 'finite'

 

Exclusive: Speaking to The Independent ahead of World Water Day, top United Nations' official says people must realise wastewater can be a valuable source of nutrients, energy and even titanium

 

 

 

 

 

 

Next poised to report fall in full-year profits amid plunging pound

 

The retailer is expected to reveal a 4 per cent slide in annual pre-tax profits to £792m, down from £821.3m last year

 

 

 

 

 

 

 

UK economy set for strong 2017 despite Brexit, top finance chiefs say

 

Just under a fifth of firms said they may move operations out of Britain in light of the decision to leave the EU

 

 

 

 

 

What happened when Sainsbury’s funded a food waste war in Swadlincote

 

 

 

 

 

US 'forces G20 to drop any mention of climate change' in statement

 

 

 

 

 

 

FTSE 100 hits yet another record closing high

 

The index’s most recent climb was largely the result of a cautious US Federal Reserve and the outcome of elections in the Netherlands

 

 

 

 

 

 

 

Havas: French ad giant 'pulls ad spend from Google and YouTube'

 

Havas' clients in the UK include O2, EDF and Royal Mail

 

 

 

 

 

Car insurance: Economists debunk industry claims

 

 

 

 

 

Monopoly axes wheelbarrow, boot and thimble in bid to modernise

 

 

 

 

 

 

Google to explain why 'taxpayer-funded ads are funding extremists'

 

Google summoned by ministers to explain how adverts shown alongside rape apologists, anti-Semites and hate preachers

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

U.K. to Start ‘Brexit’ on March 29 by Invoking Article 50

 

By STEPHEN CASTLE 10:45 AM ET

 

 

The British government’s announcement puts it on track to complete a withdrawal from the European Union by early 2019.

 

 

 

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Aly Song/Reuters

 

 

China’s Taxes on Imported Cars Feed Trade Tensions With U.S.

 

By KEITH BRADSHER

 

Autos are emerging as a potential point of contention ahead of President Trump’s meeting with his Chinese counterpart, but the industry sees no easy answers.

 

 

 

 

 

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Two Executives to Leave Uber, Adding to Departures

 

By MIKE ISAAC

 

Jeff Jones, the company’s president of ride sharing, had been seen as a possible successor to the chief executive, Travis Kalanick. Brian McClendon, who headed mapping, is also leaving.

 

 

 

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In Silicon Valley, a Voice of Caution Guides a High-Flying Uber

 

By KATIE BENNER

 

The venture capitalist Bill Gurley is a rare figure in Silicon Valley, vocally chiding some of the biggest start-up stars to show some discipline.

 

 

 

 

 

 

 

 

 

 

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After Dutch Election, Eurogroup Leader’s Fate Looks in Doubt

 

By JAMES KANTER and NIKI KITSANTONIS 2:29 PM ET

 

Jeroen Dijsselbloem appears to be on the way out as head of the Eurogroup, the 19 finance ministers from countries that share the euro. He has presided over a tumultuous period.

 

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In Battle for Digital India, Vodafone Teams Up With Idea Cellular

 

By MARK SCOTT

 

The $23 billion deal would create one of the world’s largest cellphone providers, with roughly 400 million subscribers in the country.

 

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Hedge Fund Titan’s Surefire Bet Turns Into a $4 Billion Loss

 

By GRETCHEN MORGENSON and GERALDINE FABRIKANT

 

William A. Ackman was on his way to being a legend of Wall Street — until one of his biggest wagers went very wrong.

 

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How a Big Wager on Valeant Played Out

 

By GRETCHEN MORGENSON

 

A recap of the major events during Pershing’s association with Valeant.

 

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Choice of I.M.F. Critic Highlights Trump’s Reversal of Global Policy

 

By LANDON THOMAS Jr.

 

Adam Lerrick, set to be nominated as deputy under secretary of the Treasury for international finance, has been a vocal scold of global bodies like the International Monetary Fund for nearly 20 years.

 

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In New York, Bringing Broadband to Everyone by 2018

 

By NICK CORASANITI 11:40 AM ET

 

Under a state-led initiative, even far-flung homes are getting wired, giving residents faster access to the internet and changing lives.

 

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UBS and Its French Unit to Face Trial in Tax Investigation

 

By CHAD BRAY

 

The trial announcement came after reports that UBS had rejected a settlement in the investigation about whether it helped French clients evade taxes.

 

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New Crop of Young Adult Novels Explores Race and Police Brutality

 

By ALEXANDRA ALTER

 

A new generation of authors is embracing writing as activism, tackling issues like racial bias, police violence and the Black Lives Matter movement.

 

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Offices of Volkswagen and Audi Chiefs Searched in Raid, Warrant Says

 

By JACK EWING

 

A judge in Munich authorized investigators to seize documents from Matthias Müller, Volkswagen’s chief executive; Rupert Stadler, Audi’s chief; and dozens of others.

 

Trump's Net Worth Dwindled to $3.5 Billion, Forbes Says

 

By REUTERS 1:39 PM ET

 

While Donald Trump's political fortunes were rising, his net worth was dropping to a mere $3.5 billion, or roughly a third of what he claimed during his successful campaign for the U.S. presidency, according to the latest Forbes list of the world's billionaires.

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

Gates tops rich list as Trump wealth dips

 

 

 

 

Microsoft co-founder Bill Gates again tops Forbes' annual billionaire rich list, while Donald Trump's fortune slips.

 

  • 20 March 2017
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

 

Low rates 'saved up to 1.5 million jobs'

 

Bank of England economist Andy Haldane says ultra-low interest rates hurt productivity but saved jobs.

 

  • 20 March 2017
  • From the section Business

 

 

Related content

 

 

 

 

 

 

 

Live Business Live: Pound slips

 

Pound falls on Article 50 date; FTSE 100 edges to new record high; Google apologises over ads.

 

 

 

 

 

 

Google apologises as M&S pulls ads

 

  • 20 March 2017
  • From the section Business

 

 

Are we headed for a bond market bloodbath?

 

  • 20 March 2017
  • From the section Business
  • comments

 

 

Asda withdraws Slimzone meals amid row

 

  • 20 March 2017
  • From the section Business

 

 

 

 

 

US billionaire David Rockefeller dies

 

 

 

May to trigger Brexit process next week

 

 

 

MPs debate cap on young driver insurance

 

  • 20 March 2017
  • From the section Business
  • comments

 

 

Uber president Jeff Jones steps down

 

 

 

Vodafone deal creates India mobile giant

 

  • 20 March 2017
  • From the section India

 

 

Deutsche Bank cuts staff bonuses

 

  • 20 March 2017
  • From the section Business

 

 

 

 

Also in the News

 

 

 

Beauty and the Beast film is a big hit

 

 

 

 

 

Face recognition used to ration loo roll

 

  • 20 March 2017
  • From the section China

 

 

 

 

Features & Analysis

 

 

 

'Out of control'

 

How one woman beat her mental illness by helping others

 

  • 20 March 2017
  • From the section Business

 

 

 

 

 

What does an editor do?

 

And how do political loyalties - and rivalries - fit in?

Amol Rajan Media editor

 

 

 

 

 

 

 

Blurred lines?

 

What's the difference between gambling and insurance

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

Protectionism worry drags on stocks, dollar hits six-week low

 

The U.S. dollar slumped to a six-week low on Monday on worries over a dovish Federal Reserve, while U.S. and European stock markets dipped amid concerns about G20 financial leaders' decision to drop a pledge to keep global trade free and open.

6:21pm GMT

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British regulator to focus more on protecting insurance policyholders

 

The Bank of England said it will devote greater effort to ensuring more consistent protection for those who would suffer most if their insurance policies do not pay out as promised.

3:52pm GMT

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Low UK rates probably hurt productivity, BoE's Haldane says

 

Ultra-low Bank of England interest rates since the financial crisis have probably taken a modest toll on productivity, but were a price worth paying to avoid higher unemployment, Bank of England chief economist Andy Haldane said on Monday.

6:51pm GMT

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Fed to wait at least until June to decide next hike - Evans

 

The Federal Reserve will likely wait at least until a June policy meeting to decide whether to lift U.S. interest rates again, giving it time to digest economic and financial market data as well as any clarity on the Trump administration's fiscal policy plans, a top rate-setter said on Monday.

6:44pm GMT

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Vodafone, Idea in $23 billion deal to create new Indian telecom leader

 

Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations in a $23 billion (18.55 billion pounds) deal, creating the country's biggest telecoms business after the entry of a new rival sparked a brutal price war.

4:22pm GMT

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Exclusive - Iran struggles to coax Bank of England to open clearing accounts: sources

 

Iran has asked the Bank of England to set up special clearing accounts for its banks, but has so far been rebuffed in its effort to resolve an impasse that has left it excluded from banking in London more than a year after sanctions were lifted.

4:37pm GMT

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EU plans to relax rules on airlines' transatlantic wet leasing deals

 

The European Commission wants to scrap restrictions placed on EU airlines leasing planes and crew from U.S. carriers, to resolve a long-standing dispute between the two sides.

7:26pm GMT

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Buyout funds line up bids for The Body Shop amid pricing challenges - sources

 

L'Oreal's sale of British retailer The Body Shop has drawn interest from a series of private equity investors who are lining up indicative bids ahead of a mid-April deadline, sources familiar with the matter said on Monday.

6:53pm GMT

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Greek finance minister to remain in Brussels to pursue a deal with lenders

 

Greek Finance Minister Euclid Tsakalotos said on Monday he planned to stay in Brussels for further consultations with the country's creditors towards finalising a bailout review.

5:58pm GMT

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Saudis to tighten curbs on foreign workers in local jobs push - sources

 

Saudi Arabia plans to tighten restrictions on foreign workers to pressure companies into hiring more Saudi citizens and reduce unemployment among Saudis, government sources 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.

Link to post
Share on other sites

LVMH buys Maison Francis Kurkdjian stake in luxury perfume push

 

French luxury goods company LVMH has agreed to buy a majority stake in French independent perfume house Maison Francis Kurkdjian as it expands in fast-growing niche luxury fragrances.

6:29pm GMT

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Protectionism worry drags on stocks, dollar hits six-week low

 

The U.S. dollar slumped to a six-week low on Monday on worries over a dovish Federal Reserve, while U.S. and European stock markets dipped amid concerns about G20 financial leaders' decision to drop a pledge to keep global trade free and open.

6:21pm GMT

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Greece, lenders still divided, bailout talks to intensify - Dijsselbloem

 

Greece and its euro zone creditors are still at odds over reforms required before new loans can be disbursed to Athens, the head of euro zone finance ministers said on Monday after an inconclusive meeting in Brussels.

6:09pm GMT

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Greek finance minister to remain in Brussels to pursue a deal with lenders

 

Greek Finance Minister Euclid Tsakalotos said on Monday he planned to stay in Brussels for further consultations with the country's creditors towards finalising a bailout review.

5:58pm GMT

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Trump's net worth dwindled to $3.5 billion, Forbes says

 

While Donald Trump's political fortunes were rising, his net worth was dropping to a mere $3.5 billion, or roughly a third of what he claimed during his successful campaign for the U.S. presidency, according to the latest Forbes list of the world's billionaires.

5:46pm GMT

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Bailed out German bank HRE's former CEO deceived markets, prosecutor alleges

 

The former chief executive of German lender Hypo Real Estate (HRE) covered up liquidity problems just weeks before its near collapse almost a decade ago, a public prosecutor alleged in a Munich court on Monday.

5:21pm GMT

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Dutch provinces oppose Akzo Nobel takeover, fear job losses

 

Four Dutch provincial governments said on Monday they were opposed to a takeover of paints and coatings maker Akzo Nobel due to potential job losses, in a sign of the challenges facing the company's U.S. suitor.

5:17pm GMT

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FTSE rises to record close after Article 50 trigger date set

 

Britain's top share index inched higher to set a record closing level on Monday, as falling energy stocks and banks were outweighed by rising consumer staples stocks.

5:08pm GMT

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BNP Paribas aims to expand European investment banking

 

BNP Paribas , France's biggest bank, plans to expand its investment banking activity in Europe as competitors retrench, it said on Monday, part of a strategy to offset weak revenue in domestic retail markets.

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

Austria joins up charging points to boost electric car usage

 

Austria is creating a nationwide network of charging stations for electric cars, making it easier for drivers to charge up as part of the country's efforts to promote the vehicles to reduce CO2 emissions.

2:53pm GMT

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VW clan aims for quick deal over Ferdinand Piech's shares - source

 

The Porsche and Piech families are looking to strike a swift deal to buy shares in Porsche SE from Volkswagen's former chairman Ferdinand Piech, a person familiar with the matter said on Monday.

2:44pm GMT

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UBS faces French trial in long-running tax case

 

UBS and its French subsidiary face trial in France after a long-running investigation into allegations that the Swiss bank helped wealthy clients avoid taxes.

2:36pm GMT

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Policy uncertainty, protectionism can impact global economy - China finance minister

 

China's Finance Minister Xiao Jie, who attended last week's G20 meeting, warned that momentum seen in the global economy could be curbed by policy uncertainties and the rise of protectionism.

2:31pm GMT

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VW trucks division targets strong profitability gain in 2017

 

Volkswagen's truck division aims to significantly increase its profitability this year as deepening cooperation between the MAN and Scania brands and improving overseas markets spur business, it said on Monday.

2:17pm GMT

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Euro zone's Dijsselbloem wants bailout fund turned into a European IMF

 

The European Stability Mechanism (ESM) -- the euro zone's bailout fund -- should ultimately be turned into a European version of the International Monetary Fund, the head of euro zone finance ministers said on Monday in a German newspaper.

2:16pm GMT

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EU to block any firms involved in Brazil meat scandal

 

The European Commission is monitoring meat imports from Brazil and any companies found to be involved in a meat scandal there will be denied access to the European Union market, a spokesman said on Monday.

1:46pm GMT

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China temporarily suspends imports of Brazilian meat after scandal - source

 

China has temporarily suspended imports of Brazilian meat from March 19 following a scandal in the South American country over the alleged bribery of health officials to allow the sale of tainted meat, a source said on Monday.

1:45pm GMT

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Merkel hopes to address trade issues with Trump at G7 in May

 

German Chancellor Angela Merkel said on Monday a G7 leaders' summit of the world's leading economies in May was a good opportunity to address differences with U.S. President Donald Trump on how to secure free trade while making commerce fairer.

1:31pm GMT

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Italy gives final approval to Intesa funding of Russian oil deal

 

Italy has given its final blessing to a 5.2 billion euro loan made in January by bank Intesa SanPaolo to finance the privatisation of a stake in Russia's biggest oil company, after checking to ensure the deal did not breach sanctions.

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

Italy has no intention of selling stake in ENI - Treasury source

 

The Italian government has no plans to sell a stake in oil and gas group Eni , an Italian Treasury source said on Monday, denying a report in Italian media.

12:39pm GMT

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Red star over Hungary? Heineken may see trademark banned

 

Heineken beer's trademark red star may be about to fall foul of Hungary's attempts to purge itself of totalitarian symbols related to the years of Nazi occupation and, in this case, the 40 years of communist rule.

12:26pm GMT

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ECB money piles up in Germany as investors wary of risk - Bundesbank

 

Money created by the European Central Bank to shore up euro zone growth and inflation is piling up in Germany as investors are reluctant to venture outside the bloc's strongest economy, Bundesbank data showed on Monday.

12:14pm GMT

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Prime central London sales hit an all-time low in 2016

 

The number of London's top-end city centre homes sold last year fell to a record low, according to an analysis of official data, continuing a trend of falling demand due to increases in property tax and the Brexit vote.

12:14pm GMT

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Brazil's Embraer launches fourth E190-E2 jet prototype

 

Brazil's Embraer SA , the world's third-largest commercial planemaker, on Monday announced the launch of a fourth prototype of a next-generation narrow-body jet slated to enter service in 2018.

12:12pm GMT

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Tesco promotes UK executives to lead international business

 

Tesco , Britain's largest retailer, said on Monday its long-standing international boss Trevor Masters would step down and two executives who have played key roles in the firm's turnaround at home would take over his responsibilities.

11:59am GMT

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Lloyds appoints businessman to review HBOS fraud compensation claims

 

Lloyds Banking Group on Monday said it appointed a businessman to review the cases of British companies which lost out in a 245 million pound fraud for which six people were jailed earlier this year.

11:54am GMT

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Champagne producers blame Brexit for 2016 sales decline

 

Sales of champagne fell last year as a weaker pound weighed on British demand in the wake of the Brexit referendum vote, France's main champagne industry body said on Monday.

11:32am GMT

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Germany's economic advisers reject criticism of current account surplus

 

The German government's panel of economic advisers on Monday rejected international criticism of the country's large current account surplus and called U.S. President Donald Trump's protectionist stance a threat to the global economy.

11:26am GMT

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Phoenix Group seeks assets in 300 billion pounds UK pensions market

 

Phoenix Group Holdings , Britain's largest owner of life assurance funds closed to new customers, plans to buy more such assets, in a market which its chief executive said was worth about 300 billion pounds.

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

 

 

 

 

Emirates 'has not been informed' of Trump's new inflight restrictions

 

Rules on any devices bigger than a mobile phone expected to affect nine airlines

 

 

 

 

 

Inflation jumps to 2.3 per cent in February

 

 

 

 

 

 

 

 

 

 

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

 

Consumer price inflation jumped to 2.3 per cent in February as the slump in the value of the pound since last year's Brexit vote fed through into the cost of living

 

 

 

 

 

 

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

 

 

 

 

 

 

UN asks UK government to pause Hinkley nuclear reactor development

 

 

 

 

 

 

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

 

At least 3,700 shop workers have already been made redundant from leading UK store chains as a result of new technology rendering many low-skilled jobs obsolete

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

Cost of new cars could soar by more than £2,300 after a hard Brexit

 

EU exports account for around 57.5 per cent of cars sold in the UK and a hard Brexit would therefore be ‘the worst-case scenario’ for manufacturers, the study found

 

 

 

 

 

 

How the world's biggest banks will react to Brexit

 

Frankfurt and Dublin are emerging as the biggest winners as finance firms shore up their plans to move operations from the UK

 

 

 

 

 

Google and Facebook are now paying full tax in Australia

 

 

 

 

 

Aldi customers urged to stay away from fake £65 vouchers

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

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"

 

 

 

 

 

 

 

Lloyds sets up review for fraud victims under Prof Russel Griggs

 

The Scottish businessman will look at compensation claims stemming from the £245m fraud committed by Lynden Scourfield and other financiers

 

 

 

 

 

 

Subway slammed for 'sandwich apprenticeships' paying £3.50 an hour

 

 

 

 

 

London living costs fall to lowest level in decades

 

 

 

 

 

 

Nike just proved they're still the most innovative sneaker company

 

Nike is back in the game.

 

 

 

 

 

 

 

Donald Trump drops more than 200 spots in Forbes rich list to 544th

 

Forbes attributes his fall to the state of the Manhattan real estate market in which Mr Trump has invested a disproportionate amount of his fortune

 

 

 

 

 

You can fly to California for only £220 rtn - but you have to be quick

 

 

 

 

 

Microsoft founder Bill Gates named world's richest man by Forbes

 

 

 

 

 

 

Further pound punishment forecast after Article 50 date announced

 

Sterling fell to $1.2345 in the wake of the news, down 0.4 per cent on the day

 

 

 

 

 

 

 

 

Bank bosses push for lower taxes and lighter regulation after Brexit

 

UK must not to 'assume it’s unassailable', in financial services, said John McFarlane, chairman of Barclays

 

 

 

 

 

Google's apology over extremist content isn't enough

 

 

 

 

 

Lord Myners urges crackdown on UK corporate takeovers

 

 

 

 

 

 

GMB urges investors to defend the Unilever model. They must listen

 

Insecurity is helping to fuel an ugly wave of populism that will ultimately harm investors’ best interests. Unilever has shown that there is a better way. It would be a tragedy if that were to be lost as a result of Kraft Heinz’s rejected takeover approach

 

 

 

 

 

 

 

Google apologises over adverts placed next to extremist YouTube videos

 

Marks and Spencer became the latest big name company to remove its ads, following a slew of banks, media organisations and the UK Government

 

 

 

 

 

 

 

 

Next poised to report fall in full-year profits amid plunging pound

 

The retailer is expected to reveal a 4 per cent slide in annual pre-tax profits to £792m, down from £821.3m last year

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

What’s at Stake in a Health Bill That Slashes the Safety Net

 

By EDUARDO PORTER 10:24 AM ET

 

By reversing the Medicaid expansion and leaving millions unable to pay for coverage, the bill would be a landmark retreat in American social welfare.

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Luke Sharrett for The New York Times

 

The United States still spends less than most of its peers across the industrialized world to support the general welfare of its citizens. But during the Obama administration the gap shrank to its smallest since the early 1980s.

 

 

 

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What Travelers Should Know About New Restrictions on Devices

 

By BRIAN X. CHEN 3:10 PM ET

 

Who is affected by the flight restriction, and what should you do?

 

 

 

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U.S. Limits Devices for Passengers on Foreign Airlines From Eight Countries

 

By RON NIXON 1:58 PM ET

 

Passengers headed to the United States from 10 airports in eight majority-Muslim countries have been barred by the Trump administration from carrying electronic devices larger than a cellphone.

 

 

 

 

 

 

 

 

 

 

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Despite a Trust, Ivanka Trump Still Wields Power Over Her Brand

 

By RACHEL ABRAMS

 

Ms. Trump may address potential conflicts by recusing herself from related White House business or by vetoing a deal for her company, said an ethics lawyer who advises her.

 

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Fox News Sidelines Andrew Napolitano After Wiretap Allegation

 

By JOHN KOBLIN

 

Mr. Napolitano had reported that the Obama administration had sought British intelligence assistance to wiretap Donald Trump when Mr. Trump was running for president.

 

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Google Tries to Stop Ads From Appearing Next to Hate Speech

 

By MARK SCOTT

 

After complaints from brands whose content was shown alongside offensive material online, the search giant pledged to improve its safeguards.

 

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After Dutch Election, Eurogroup Leader’s Fate Looks in Doubt

 

By JAMES KANTER and NIKI KITSANTONIS

 

Jeroen Dijsselbloem appears to be on the way out as head of the Eurogroup, the 19 finance ministers from countries that share the euro. He has presided over a tumultuous period.

 

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China’s Taxes on Imported Cars Feed Trade Tensions With U.S.

 

By KEITH BRADSHER

 

Autos are emerging as a potential point of contention ahead of President Trump’s meeting with his Chinese counterpart, but the industry sees no easy answers.

 

 

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Fired U.S. Attorney Preet Bharara to Join N.Y.U.’s Law School

 

By BENJAMIN WEISER 1:49 PM ET

 

Mr. Bharara, who was abruptly dismissed by the Trump administration after refusing to resign, will be a distinguished scholar in residence.

 

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Help Wanted: Trump Betting Expert for Gambling Website

 

By CHAD BRAY 2:27 PM ET

 

Paddy Power, an Irish gambling website known for its marketing stunts, is seeking a “head of Trump betting” to oversee its wagers related to the American president.

 

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Choice of I.M.F. Critic Highlights Trump’s Reversal of Global Policy

 

By LANDON THOMAS Jr.

 

Adam Lerrick, set to be nominated as deputy under secretary of the Treasury for international finance, has been a vocal scold of global bodies like the International Monetary Fund for nearly 20 years.

 

Breakaway Lawyers From Kasowitz Firm Point to Conflicts Dispute

 

By ELIZABETH OLSON 1:24 PM ET

 

After a court ruling this month, the lawyers say they left because of an internal dispute over conflicts of interest.

 

 

Recent Commercial Real Estate Transactions

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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