The great interest rate rip off part 10

[interestrateripoff]

Exclusive - Regulators expect Monte dei Paschi to ask Italy for help: sources

 

LONDON European regulators expect Italian bank Monte dei Paschi di Siena will have to turn to the government for support, three euro zone officials with knowledge of the matter said, although Rome would strongly resist such a move if bondholders suffered losses.

4:10pm BST

German economic growth will slow in second half, ministry says

 

BERLIN The German economy will lose steam in the second half of 2016 as weaker foreign demand causes industrial output to slow, the Finance Ministry said on Thursday, another sign that Europe's biggest economy is set for a slowdown.

4:08pm BST

KDB to extend $45 million credit line to help unload Hanjin cargo

 

SEOUL Korea Development Bank (KDB), the lead creditor of Hanjin Shipping Co Ltd said on Thursday it will offer a 50 billion won (34.51 million pounds) credit line to help Hanjin unload stranded cargo.

4:07pm BST

Exclusive - Nigeria hunts down 700,000 firms in tax crackdown to offset oil slump

 

ABUJA Nigeria has hunted down 700,000 firms that have never paid taxes as the country seeks new revenue sources to offset low oil prices that have pushed Africa's biggest economy into its first recession in more than 20 years, its tax chief said.

4:06pm BST

Cash is king as correlations cloud asset allocation

 

LONDON Stocks and bonds are moving in lock-step more than at any time since the financial crisis, making life difficult for asset allocators and driving investors into the one asset guaranteed to bring zero return - cash.

4:05pm BST

Boeing CEO hails WTO ruling on EU subsidies to Airbus

 

NEW YORK Boeing Co's Chief Executive Officer welcomed a ruling on Thursday that found the European Union had not complied with remedies set by the World Trade Organization for subsidies to rival planemaker Airbus .

4:04pm BST

DONG Energy to build $13-26 million hub for UK offshore wind

 

LONDON Denmark's DONG Energy said on Thursday it would build a multi-million pound maintenance hub in Grimsby, northeast England, to provide services for its offshore wind operations.

3:56pm BST

German unemployment seen dropping further in 2017 - government

 

BERLIN German unemployment, which has been falling for nearly 10 years, is expected to drop further in 2017, despite the influx of nearly a million migrants last year, the research arm of Germany's Federal Employment Agency said on Thursday.

3:55pm BST

Thomson Reuters purchases buy-side tech firm REDI

 

LONDON Thomson Reuters has agreed to acquire trading technology firm REDI Holdings, it said in a statement on Thursday.

3:18pm BST

Wood Group workers accept pay offer, preventing North Sea strikes

 

LONDON Wood Group workers employed on Shell's North Sea oil platforms have accepted a new pay deal, ending a months-long dispute that saw some workers down tools in July and August.

[interestrateripoff]

Europe's shadow bank sector needs closer scrutiny - Draghi

 

FRANKFURT Financial services are shifting away from banks in the euro zone to the so-called 'shadow banking' sector, requiring fresh rules across a range of areas to mitigate risk, European Central Bank President Mario Draghi said on Thursday.

3:08pm BST

Bank of England may have double-counted Brexit costs - Forbes

 

LONDON The Bank of England may need to revise up its growth forecasts after double-counting some of the costs of economic uncertainty linked to the country's Brexit vote, policymaker Kristin Forbes said in an interview published on Thursday.

3:06pm BST

Rolls-Royce names Daily Mail's Stephen Daintith as new CFO

 

LONDON Britain's Rolls-Royce named Stephen Daintith as its new finance officer on Thursday as CEO Warren East completed a shake-up of his senior executive team tasked with turning around the aerospace and defence company.

2:03pm BST

German parties clinch long-awaited deal on inheritance tax

 

BERLIN German governing parties have agreed to tighten up tax breaks for people who inherit firms in a reform to a law that also aims to protect jobs, officials said on Thursday, ending a bitter dispute that has lasted nearly two years.

2:01pm BST

EU reviews ex-commissioner Kroes' offshore directorship

 

BRUSSELS The European Commission said on Thursday it was looking into whether to take action against former EU commissioner Neelie Kroes for failing to declare a directorship of an offshore firm in the Bahamas.

1:58pm BST

Three former Tesco executives to plead not guilty to fraud charges

 

LONDON Three former senior executives of Tesco , Britain's biggest retailer, will plead not guilty to fraud and false accounting charges, their lawyers said as the men appeared in court for the first time since being charged earlier this month.

1:53pm BST

Vodafone injects 477 billion rupees into Indian arm as competition intensifies

 

MUMBAI Vodafone Group Plc has injected 477 billion rupees (£5.4 billion) into its Indian unit ahead of an auction of airwaves in the world's second-biggest mobile phone market, which has seen increased competition with the entry of a new player.

1:47pm BST

Li Ka-shing planning bid for stake in National Grid gas unit - FT

 

Hong Kong billionaire Li Ka-shing is preparing to bid for a majority stake in British electricity grid operator National Grid Plc's gas distribution unit, the Financial Times reported on Thursday, citing people close to the talks.

1:28pm BST

Easyjet near taking stake in TUIFly - manager magazin

 

BERLIN British budget carrier easyJet is close to taking a stake in German airline TUIFly in order to secure flying rights in Europe even after Britain leaves the European Union, German publication manager magazin reported on Thursday, citing sources.

12:38pm BST

India to renew labour law overhaul drive to boost jobs

 

NEW DELHI Indian Prime Minister Narendra Modi's government is to make a renewed drive to overhaul labour laws, hoping to create millions of new jobs by making it easier to hire and fire, the labour ministry's top bureaucrat said on Thursday.

UK manufacturing expands strongly in September - CBI

 

LONDON, - British manufacturing grew strongly in September and orders flowed in at an above-average rate, adding to signs the economy has avoided an immediate hit from June's Brexit vote, an industry survey showed on Thursday.

12:03pm BST

UK's Kier looks to ride out Brexit uncertainty with strong order book

 

British construction and services firm Kier Group stood by its profit guidance as long-running public contracts and low exposure to London's housing market helped it withstand the jolt of Britain's vote to leave the European Union.

12:01pm BST

Russia says OPEC unlikely to discuss oil output cut - RIA

 

MOSCOW OPEC is not expected to discuss an idea for oil producing nations to cut output by 5 percent at a meeting this month, the RIA news agency cited Russia's energy minister as saying on Thursday.

11:45am BST

Lloyd's of London readying EU move plans

 

LONDON The Lloyd's of London insurance market is already working on plans to move some business to the European Union, aiming to be ready for the shift as soon as Britain starts divorce proceedings from the bloc, its chairman said on Thursday.

11:31am BST

Demand for cheap ECB credit unexpectedly strong in fresh tender

 

FRANKFURT The European Central Bank allotted 45.27 billion euros (£38.9 billion) in its second offering of four-year super-cheap loans on Thursday, at the upper end of expectations, a welcome sign that bank lending is finally picking up.

10:56am BST

Rocket Internet trims losses, increases debt buyback

 

BERLIN German e-commerce investor Rocket Internet reported progress on Thursday in cutting losses at its main start-ups with three set to generate profits by the end of 2017, while its shares were lifted by a plan to buy back convertible bonds.

10:48am BST

China to let foreign institutions conduct FX financing in interbank market

 

SHANGHAI China is planning to allow qualified foreign institutions to borrow and lend on the interbank foreign currency market to help meet their financing needs, the China Foreign Exchange Trade System (CFETS) said in an online statement on Thursday.

10:43am BST

Euronext CEO sees 'diminished role' for London as financial hub after Brexit - Bloomberg

 

Britain's decision to leave the European Union was likely to "diminish" London's role as a global financial centre, potentially creating opportunities for Pan-European exchange Euronext to win Chinese business, its chief executive told Bloomberg Television.

10:27am BST

European shares touch two-week high as Fed keeps rates unchanged

 

LONDON European shares climbed to a two-week high on Thursday, boosted by a rally in mining equities, after the U.S. Federal Reserve left interest rates unchanged and projected a less aggressive path for hikes next year and in 2018.

10:18am BST

Rig builder Lamprell to cut costs further, shares jump

 

Oil-rig builder Lamprell Plc said it was implementing further cost reductions in the face of contract cancellations, pushing its shares up more than 10 percent.

[interestrateripoff]

China and Brexit pose risks to global growth, says ECB

 

FRANKFURT Global growth is likely to accelerate next year but the outlook is fraught with risks, particularly from big emerging market economies including China, and Britain's decision to leave the EU, the European Central Bank said on Thursday.

10:05am BST

Bank of England says UK faces 'challenging period' for financial stability

 

LONDON Britain still faces a "challenging period" for financial stability despite resilience seen after the European Union referendum, and rules for banks must remain tight, the Bank of England said on Thursday.

10:00am BST

Asia central bank doves flutter wings as Fed takes its time

 

SINGAPORE By dallying over raising interest rates the U.S. Federal Reserve made it easier this week for central banks in the Asia Pacific to stay dovish, with Indonesia lowering rates on Thursday and Australia and New Zealand saying they could cut later.

9:56am BST

Lloyd's of London to be ready for EU move when Article 50 triggered - chairman

 

LONDON The Lloyd's of London insurance market will be ready to move some of its business to the European Union as soon as Britain starts divorce proceedings from the bloc, its chairman said on Thursday, the first indication that its plans are well advanced.

9:09am BST

Israel arrests four diamond dealers in HSBC Swiss tax evasion case

 

JERUSALEM Israeli authorities made their first arrests in a tax evasion investigation focussed on the Swiss arm of HSBC , taking into custody four diamond dealers who allegedly held undeclared accounts at the bank, the tax authority said on Thursday.

9:03am BST

EBA head says state aid an option for banks hit by bad loans

 

MILAN State aid is an option for lenders that have large amounts of bad loans on their balance sheets, the president of the European Banking Authority, Andrea Enria, said in an interview published on Thursday.

8:54am BST

Azeri BP says Shah Deniz 2 on track to start gas supply from in 2018

 

BAKU Shah Deniz stage 2 is on track to supply first gas for the expanded South Caucasus pipeline in 2018, BP Azerbaijan said in a statement on Thursday.

8:52am BST

Oil bet gone wrong: rusting tankers and rigs clog up Asian waters

 

JOHOR, Malaysia Some 15 km (9 miles) from the bustling port of Singapore,a rusting tanker as big as the world's largest aircraft carriers lies idle in a muddy estuary flanked by mangrove trees on the coast of southern Malaysia.

8:27am BST

Lloyd's of London cautions on Brexit as first half pre-tax profits rise

 

LONDON The Lloyd's of London insurance market posted a 22 percent rise in pre-tax profits to 1.46 billion pounds in the first half of 2016, as it cautioned on the impact on its business of Britain's vote to leave the European Union.

8:02am BST

Exclusive - In interview, Tsipras sketches out path for Greece to exit crisis

 

NEW YORK Greece's prime minister on Tuesday sketched out a path he hopes will finally allow his country to exit its seven-year-old economic crisis, holding out the possibility of positive growth this year and a partial return to the bond markets in 2017.

[interestrateripoff]

After 'Frankenshock', investors brace for surge by Czech crown

 

LONDON/PRAGUE As Czech policymakers get closer to removing their cap on the value of the country's currency, the crown, forwards markets have started pricing in a Swiss franc-style sudden jump, albeit with not quite so dramatic consequences.

7:25am BST

KDB mulls $45 million loan to help unload Hanjin cargo - source

 

SEOUL Korea Development Bank (KDB), the lead creditor of Hanjin Shipping Co Ltd is considering lending about 50 billion won ($45 million) to help unload stranded cargo, a source with direct knowledge of the matter said on Thursday.

7:09am BST

China financial outbound direct investment surges 26 percent in 2015

 

BEIJING Outbound direct investment (ODI) by China's financial institutions rose 26 percent in 2015 to $24.4 billion (18.71 billion pounds), government data showed on Thursday.

5:33am BST

Mexico tax authority to open probe after 'Bahamas Leaks'

 

MEXICO CITY The financial affairs of hundreds of Mexicans mentioned in a cache of documents dubbed the "Bahamas Leaks" will be checked for tax violations, the Tax Authority of Mexico (SAT) said on Wednesday.

4:22am BST

Japan's Finance Ministry, FSA, BOJ to discuss market issues after BOJ, U.S. Fed meetings

 

TOKYO Japan's finance ministry, Financial Services Agency and the Bank Of Japan will meet on Thursday afternoon to discuss market issues in the wake of policy decisions from the BOJ and the U.S. Federal Reserve, the agencies said.

4:16am BST

UK car output rose nine percent in August - SMMT

 

LONDON British car production rose 9.1 percent in August compared with the same month last year, an industry body said on Thursday, cautioning future growth would depend on Britain continuing to trade competitively after its vote to leave the European Union.

3:10am BST

Under global scrutiny, China has to cut steel exports - industry body

 

DALIAN, China China's international commitment to cut its massive steel capacity has to result in a reduction in exports, an official from the World Steel Association said, as countries around the world scrutinise Beijing's progress tackling a chronic glut.

2:36am BST

BOJ overhauls policy focus, sets target for government bond yields

 

TOKYO The Bank of Japan made an abrupt shift on Wednesday to targeting interest rates on government bonds to achieve its elusive inflation target, after years of massive money printing failed to jolt the economy out of decades-long stagnation.

2:24am BST

Third Point's Loeb - BOJ move will be 'positive' for markets

 

NEW YORK Billionaire investor Daniel Loeb, whose Third Point hedge fund has recently pushed for change at Japanese companies, said on Wednesday that he approved of the Bank of Japan's monetary policy move, but added corporate reform is still needed to help revive growth.

2:24am BST

Exclusive - India, U.S. Ex-Im Bank in talks on $8-9 billion nuclear loan, snags remain

 

NEW DELHI India is negotiating with U.S. Export-Import Bank for an $8-9 billion loan to finance six Westinghouse Electric nuclear reactors, two sources familiar with the talks said, although a lending freeze at the trade agency threatens progress.

[interestrateripoff]

Belchambers-led Brexit forum to launch in October

 

An advisory forum on Brexit bringing together figures from Britain's financial services industry who campaigned on both sides of the referendum debate will formally launch on Oct. 19.

12:04am BST

Global stocks climb, dollar falls as Fed holds rates steady

 

NEW YORK U.S. stocks rallied and the dollar index eased further on Wednesday after the Federal Reserve left U.S. interest rates unchanged, keeping its low-rate environment intact for now.

12:00am BST

Fed keeps rates steady, signals one hike by end of year

 

WASHINGTON The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further.

21 Sep 2016

Oil jumps after third surprise weekly U.S. crude draw

 

NEW YORK Oil prices rose as much as 3 percent on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumer.

21 Sep 2016

VW investors seek $9 billion in damages over emissions scandal - court

 

BERLIN Volkswagen faces 8.2 billion euros ($9.1 billion) in damages claims from investors over its emissions scandal in the legal district where the carmaker is based, a German court said on Wednesday.

21 Sep 2016

VW's van division has strong orders, mulls U.S. market entry

 

HANOVER, Germany Volkswagen's commercial vehicle division has great prospects for future sales and is toying with the idea of launching vans and pick-up trucks in the United States, its top executive said.

21 Sep 2016

Fed chief Yellen's news conference after FOMC meeting

 

WASHINGTON The following are highlights of Federal Reserve Chair Janet Yellen's press conference on Wednesday following the end of a two-day meeting of the U.S. central bank's policy-setting committee.

21 Sep 2016

Barclays sees Fed having tough time keeping December rate hike 'live'

 

NEW YORK Barclays economists said on Wednesday the split seen among Federal Reserve policymakers in the central bank's decision to leave U.S. interest rates unchanged on Wednesday will make it hard for the Fed to maintain market perception that a December rate increase is "live."

21 Sep 2016

Fed's Yellen holds news conference after FOMC meeting

 

WASHINGTON For highlights of Federal Reserve Chair Janet Yellen's press conference on Wednesday following the end of a two-day meeting of the U.S. central bank's policy-setting committee, see.

21 Sep 2016

Ghana could be Africa's number four oil producer by 2020 - report

 

ACCRA Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000 barrels per day (bpd), pan-African bank Ecobank said on Wednesday.

[interestrateripoff]

• 
   
   
  Yahoo hack video report – video
   
   
  Published: 6:47 PM
  Yahoo hack video report – video
   
  
• 
   
  London Stock Exchange boss warns 100,000 jobs at risk from Brexit vote
   
   
  Published: 6:17 PM
  London Stock Exchange boss warns 100,000 jobs at risk from Brexit vote
   
  
• 
   
  Royal Bank of Scotland turns its back on the Fred Goodwin era
   
   
  Published: 5:39 PM
  Royal Bank of Scotland turns its back on the Fred Goodwin era
   
  

 

 

• 
  
  • Amazon UK found guilty of trying to airmail dangerous goods
     
     
    Published: 5:21 PM
    Amazon UK found guilty of trying to airmail dangerous goods
     
    
  • Revealed: one in seven UK takeaways have failed food hygiene tests
     
     
    Published: 5:00 PM
    Revealed: one in seven UK takeaways have failed food hygiene tests
     
    
  • High prices, low profile – what we know about Viagogo
     
     
    Published: 4:29 PM
    High prices, low profile – what we know about Viagogo
     
    
  • Viagogo faces legal action for advertising tickets not yet on sale
     
     
    Published: 4:13 PM
    Viagogo faces legal action for advertising tickets not yet on sale
     
    
  • All prospective private-hire taxi drivers in London could face written English test
     
     
    Published: 4:12 PM
    All prospective private-hire taxi drivers in London could face written English test
     
    
  • Jim O'Neill is just the latest business leader to have his fill of politics
     
    Larry Elliott
     
    Published: 3:13 PM
    Jim O'Neill is just the latest business leader to have his fill of politics
     
    

  [*]

 

 

• Business live Eurozone growth slows in September - as it happened
   
   
  Published: 3:05 PM
  Eurozone growth slows in September - as it happened
   
  
• Court slashes damages owed by former SocGen trader Jérôme Kerviel
   
   
  Published: 2:55 PM
  Court slashes damages owed by former SocGen trader Jérôme Kerviel
   
  
• Film blog Silver screeners: the generation helping cinema blossom
   
   
  Published: 1:43 PM
  Silver screeners: the generation helping cinema blossom
   
  
• UK visitors handed over £1.8bn in July as weak pound fuels spending spree
   
   
  Published: 12:29 PM
  UK visitors handed over £1.8bn in July as weak pound fuels spending spree
   
  
• Co-op pre-tax profit sinks to £17m but it says turnaround is on track
   
   
  Published: 10:33 AM
  Co-op pre-tax profit sinks to £17m but it says turnaround is on track
   
  
• Sports Direct: Mike Ashley steps in after CEO Dave Forsey resigns
   
   
  Published: 8:43 AM
  Sports Direct: Mike Ashley steps in after CEO Dave Forsey resigns
   
  
• 'Getting into bed with investors? I can't think of anything worse'
   
   
  Published: 7:15 AM
  'Getting into bed with investors? I can't think of anything worse'
   
  
• Extreme weather Farming on the edge: the Indian salt producers coping with 48C heat
   
   
  Published: 5:00 AM
  Farming on the edge: the Indian salt producers coping with 48C heat
   
  
• BP's planned response to any Great Australian Bight oil spill too slow, says expert
   
   
  Published: 4:31 AM
  BP's planned response to any Great Australian Bight oil spill too slow, says expert
   
  
• Why can’t our leaders learn from 30 years of failure in health and education?
   
  John Quiggin
   
  Published: 3:35 AM
  Why can’t our leaders learn from 30 years of failure in health and education?
   
  
• Which? files supercomplaint against banks over transfer fraud
   
   
  Published: 12:01 AM
  Which? files supercomplaint against banks over transfer fraud
   
  
• First-time buyers must wait seven years longer for home in south-east England
   
   
   
   
   
  

[interestrateripoff]

Wells Fargo Tests Justice Department’s Get-Tough Approach

 

By JAMES B. STEWART

 

Guidelines issued last year by the Justice Department stressed the need to hold individuals accountable for corporate misdeeds.

Yahoo Says Hackers Stole Data on 500 Million Users in 2014

 

By NICOLE PERLROTH

 

The company said user information was stolen by what it believed was a “state-sponsored actor,” without naming the country.

 

• 700 Comments
  

 

Email Hack Details Movements of Joe Biden, Michelle Obama and Hillary Clinton

 

By MICHAEL D. SHEAR and MATTHEW ROSENBERG

 

Emails from a Democratic operative posted online reveal not only detailed schedules of officials but also personal information of donors and Secret Service agents.

 

 

 

Interactive Graphic: How Many Times Has Your Personal Information Been Exposed to Hackers?

 

By JOSH KELLER, K.K. REBECCA LAI and NICOLE PERLROTH

 

Find out which parts of your identity may have been stolen in major hacking attacks over the last three years.

 

How to Protect Yourself After the Yahoo Attack

 

By THE NEW YORK TIMES

 

Simple tips to follow if you think your personal information online has been exposed to hackers.

 

 

 

 

 

 

 

 

• Wall St. Slips, With Oil Prices in Focus 12:24 PM ET
  

 

Facebook Apologizes for Overstating Video Metrics

 

By JOHN HERRMAN and SAPNA MAHESHWARI 1:54 PM ET

 

The social media network was leaving out videos viewed for less than three seconds, which greatly inflated the figures presented to advertisers and publishers.

 

JPMorgan May Face New Scrutiny in China Hiring Case

 

By BEN PROTESS and ALEXANDRA STEVENSON

 

The bank’s top regulators are seeking to impose their own penalties in the China hiring case, according to people briefed on the investigations.

 

Caliber Said to Be Asked for Data on Handling Distressed Mortgages

 

By MATTHEW GOLDSTEIN 11 minutes ago

 

New York’s financial regulator is investigating multiple complaints from consumers.

 

Government Moves to Close a Watchdog of For-Profit Colleges

 

By PATRICIA COHEN

 

The Education Department said a staff report found a body that had overseen failing institutions like Corinthian Colleges and ITT had fallen short.

 

Audiobooks Turn More Readers Into Listeners as E-Books Slip

 

By ALEXANDRA ALTER

 

Publishers saw their revenue dip early this year compared with 2015, in part because they lacked a runaway hit and the sales of e-books fell sharply.

 

• 57 Comments
  

 

Ex-Société Générale Trader’s Huge Fine Is Cut to 1 Million Euros

 

By DAVID JOLLY and NICOLA CLARK 12:55 PM ET

 

Friday’s ruling was the latest legal victory for the former trader, Jérôme Kerviel, who won a wrongful dismissal suit in June.

 

New Snapchat Channel to Look at Final Leg of Presidential Campaign

 

By SYDNEY EMBER 33 minutes ago

 

Jim VandeHei, a founder of Politico, will provide editorial guidance for the channel, which will run until Jan. 20.

 

China Shrugs Off the Ties That Bind

 

By EMILY FENG and CARLOS TEJADA

 

As the number of marriages in China declines, more and more young people are raising questions that upend traditional Chinese notions of love and family.

 

Harvard, Searching for Endowment Manager, Reports a Loss

 

By GERALDINE FABRIKANT

 

Harvard’s showing comes after years of poor performance as a series of investment chiefs have come and gone.

 

Nike Tosses Its Golf Clubs. (Shirts to Stay On.)

 

By SAM BORDEN

 

Because of unsatisfactory sales, the company will shut down production of golf clubs and balls, but it will continue to produce its popular golf apparel.

 

Japan’s Newest Technology Innovation: Priest Delivery

 

By JONATHAN SOBLE

 

In a country where disruptive start-ups are relatively rare, a new service available on Amazon ignites a debate over faith and money.

 

Donald Trump, in Pittsburgh, Pledges to Boost Both Coal and Gas

 

By CORAL DAVENPORT

 

But experts said the Republican nominee’s plan won’t work, because natural gas fracking is the surest way to stymie coal production, and vice versa.

 

 

 

• Danish Payments Processor Nets Valued at $4.5 Billion in I.P.O.
  
• In San Francisco, a Sinking Skyscraper and a Deepening Dispute
  

[interestrateripoff]

The true cost of Brexit without a free trade deal

 

EXCLUSIVE: An analysis by The Independent of official data suggests British exporters would face a cost of at least £4.5bn - and in all likelihood they would take a hit many times larger

 

 

 

 

 

Yahoo hack could compromise Verizon deal and cost hundreds of millions

 

 

 

 

 

Twitter sale: Google reportedly in talks to buy site

 

 

 

 

 

 

 

 

Amazon fined for trying to fly dangerous goods by air

 

The items included lithium ion batteries and flammable aerosols

 

 

 

 

 

Iceland (the country) considers suing Iceland (the supermarket)

 

 

 

 

 

TTIP deal could re-launched under a different name, say EU ministers

 

 

 

 

 

 

Disgraced trader Jerome Kerviel damages slashed to €1m from €4.9bn

 

Kerviel had amassed €50bn in stock market bets using fake hedges and false documents.

 

 

 

 

 

 

New £5 notes selling for nearly £800 on eBay

 

Collectors have realised that £5 that have come off the first press could be worth a small fortune

 

 

 

 

 

 

 

 

Offshore wind facility will be ‘game-changer' for UK renewables

 

 

 

 

 

 

Yahoo faces 'existential crisis' after biggest data breach in history

 

 

 

 

 

 

 

 

Brits who didn't vote in the EU referendum now wish they voted against

 

Just less than 28% of registered Brits did not vote in the June EU referendum -- that is about 13 million people.

 

 

 

 

 

 

Toffee Deluxe evicted from Quality Street after customer complaints

 

It will be replaced by the new Honeycomb Crunch

 

 

 

 

 

Mike Ashley takes over as chief executive of Sports Direct

 

 

 

 

 

Indian students challenge Facebook on WhatsApp privacy policy

 

 

 

 

 

 

What will a world without disease actually look like

 

The aims have won plaudits from experts across the medical and science professions – but what they might look like in practice is less clear

 

 

 

 

 

 

 

 

npower and Scottish Power are in trouble over complaints again

 

They're on OfGem's naughty step, but complaints handling across the industry was found to be poor. Is it now time to complain about OfGem?

 

 

 

 

 

 

This device can literally pull clean drinking water out of thin air

 

When kids learn about the planet's water cycle, they're taught a simple concept: our atmosphere is filled with water vapor that has evaporated from the bodies of liquid water we see around us. When the vapor's temperature gets low enough, it gets turned back into water.

 

 

 

 

 

 

 

Mark Zuckerberg to give $3bn to 'cure all disease', will it work?

 

If the idea that a $3 billion investment will create a world free of diseases sounds like the kind of statements that would normally make scientists cringe, it is actually not as crazy as you might think

 

 

 

 

 

Brexit delivers cheaper hotel rooms. Why that's not good news

 

 

 

 

 

Big banks set for Shoreditch invasion as HSBC seeks huge office

 

 

 

 

 

 

Bank of England policymaker 'not convinced' of need for new rate cut

 

A member of the Bank of England’s nine-person Monetary Policy Committee has indicated she is not inclined to vote to cut interest rates still further later this year, citing the better than expected performance of the economy in the wake of the Brexit vote.

 

 

 

 

 

 

 

Tesco executives plead not guilty to £326m fraud charges

 

The three men are alleged to have hidden a huge hole in the company's accounts.

 

 

 

 

 

Supermarkets are planning on reducing packaging to save money instead

 

 

 

 

 

Lloyd’s of London facing a perfect storm as Brexit bites

 

 

 

 

 

 

Britain not out of the woods on Brexit warns Bank of England

 

The Financial Policy Commitee says risks are still 'challenging' for commercial real estate and indebted households

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apple aims to revolutionise car industry with McLaren approach

 

Supercar manufacturer and Formula One team, McLaren denies any talks took place with California tech titan.

 

 

 

 

 

Lloyd’s of London considers setting up EU subsidiary

 

 

 

 

 

Brexit: UK 'will lose £440bn derivatives industry' say global banks

 

 

 

 

 

 

Mark Zuckerberg pledges $3bn to 'cure, prevent or manage all disease'

 

He wants to target cancer, heart disease, infectious diseases and neurological diseases.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minimum wage cheats escape naming over security fears

 

Exclusive: Figures reveal 28 companies have successfully kept their identities under wraps after making pleas to ministers

 

 

 

 

• 
  Brexit has had no major impact on the economy, says ONS
   
  
  
• 
  Can RBS fall any further after latest sale fail?
   
  
  
• 
  HSBC offers record low mortgage at 0.99% and other banks may follow
   
  
  
• 
  Here's why Warren Buffett is giving his billions away
   
  
  
• 
  Hamburger and Hotdog unite to create the Hamdog
   
  
  

 

 

 

 

US government allows airbus to sell planes to Iran in landmark deal

 

The first 17 planes will be A320s and A330s

[interestrateripoff]

FTSE records best week in three months

 

LONDON Britain's top share index completed its best week in almost three months on Friday, holding on to recent gains as a rally in housebuilders on the back of some positive broker comments offset weaker banks.

6:33pm BST

Li Ka-Shing could face regulatory snag on National Grid deal - sources

 

Reuters Hong Kong billionaire Li Ka-Shing is likely to face significant regulatory hurdles if he bids for a stake in National Grid's British gas networks, banking and industry sources said, because of similar assets he already owns.

6:06pm BST

Barroso says Goldman is 'no drug cartel', blasts EU judgement

 

LISBON Former European Commission President Jose Manuel Barroso on Friday put up a spirited defence of his right to work for U.S. bank Goldman Sachs, after the commission opened an ethics probe into his move, and he accused it of acting arbitrarily.

5:08pm BST

EDF, Britain to sign Hinkley Point contracts Thursday - Les Echos

 

PARIS French state-controlled utility EDF has agreed to sign contracts with the British government for its Hinkley Point nuclear project on Thursday, French financial daily Les Echos reported.

6:45pm BST

Twitter begins discussions to explore a sale -source

 

Twitter Inc has initiated talks with several technology companies to explore selling itself, a person familiar with the matter said on Friday, signalling the start of what is likely to be a slow-rolling auction of the high-profile but money-losing social media company.

7:45pm BST

Politics to trump central bankers

 

PARIS With major central bank policy on hold for now, politics will take centre stage in the coming week as the U.S. presidential election enters a new phase with the first televised debate.

7:42pm BST

Vivendi hopes to make Mediaset new pay-TV offer next week - source

 

PARIS/MILAN Vivendi hopes to make a new offer for Mediaset's pay-TV business by the end of next week to try to end a dispute between the French and Italian media groups that erupted in July, a source close to matter said.

7:01pm BST

UK public inflation expectations edge lower - Citi/YouGov

 

LONDON British public inflation expectations for the next 12 months fell this month for the first time since June's vote to leave the European Union, a monthly survey for U.S. bank Citi showed on Friday.

2:42pm BST

SocGen rogue trader Kerviel's liability cut to 1 million euros

 

VERSAILLES, France Former Societe Generale trader Jerome Kerviel is liable for only 1 million euros (£866,646.06) of the 4.9 billion euros (£4.25 billion) in losses he racked up at the bank, and not the whole amount, a French court ruled on Friday.

5:44pm BST

Takata report focuses air bag responsibility on U.S. arm

 

WASHINGTON Japanese supplier Takata Corp said its U.S. arm, not the parent company, was largely responsible for designing, testing and producing tens of millions of defective air bag inflators, according to an internal report released on Friday by U.S. safety regulators.

Tunisia reaches deal with Petrofac protesters, in company talks

 

TUNIS Tunisia has reached a deal with protesters who have disrupted gas production by Petrofac for months, the government said on Friday, part of an effort to stop the British energy firm closing its business.

5:58pm BST

Yahoo says hackers stole data from 500 million accounts in 2014

 

Yahoo Inc said on Thursday that at least 500 million of its accounts were hacked in 2014 by what it believed was a state-sponsored actor, a theft that appeared to be the world's biggest known cyber breach by far.

5:50pm BST

Exclusive - Goldman Sachs cutting nearly 30 percent of Asia investment banking jobs: sources

 

LONDON Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters.

5:48pm BST

London court delays deadline in Turkcell tussle - filing

 

ISTANBUL A London court has pushed back the deadline to resolve a decade-long legal battle between two top shareholders of Turkish mobile operator Turkcell , according to a regulatory filing on Friday, a decision likely to frustrate other investors.

5:46pm BST

SocGen rogue trader Kerviel's liability cut to 1 million euros

 

VERSAILLES, France Former Societe Generale trader Jerome Kerviel is liable for only 1 million euros (£866,646.06) of the 4.9 billion euros (£4.25 billion) in losses he racked up at the bank, and not the whole amount, a French court ruled on Friday.

5:44pm BST

Global economy, taxes to dominate Washington's G20 agenda - Russia

 

MOSCOW International tax cooperation will be in focus alongside the global economy a meeting of finance ministers from the Group of 20 developed and developing nations in Washington next month, Russia's top financial diplomat said on Friday.

5:40pm BST

Volkswagen emissions inquiry has found no evidence against Audi CEO - sources

 

BERLIN/FRANKFURT An investigation commissioned by Volkswagen into its emissions test cheating scandal has found no evidence against the head of its Audi luxury car division, three people familiar with the matter said.

5:32pm BST

Hinkley Point a boost to UK steel, but not a game changer

 

LONDON UK steelmakers are likely to win deals to supply the 18 billion pound nuclear power plant at Hinkley Point, although that may not be enough to bolster Britain's troubled steel sector, industry experts say.

5:29pm BST

Twitter begins discussions to explore a sale - source

 

Twitter Inc has initiated talks with several technology companies to explore selling itself, a person familiar with the matter said on Friday, as the social media company grapples with its slowest revenue growth since going public in 2013.

5:28pm BST

ECB policy seen effective, so only minor tweaks coming - ECB and central bank sources

 

FRANKFURT Appetite is low for a big European Central Bank policy shift so any change is likely to be just an adjustment of the current asset buying scheme and not a big overhaul, conversations with six sources on or close to the Governing Council indicate.

[interestrateripoff]

Barroso says Goldman is 'no drug cartel', blasts EU judgement

 

LISBON Former European Commission President Jose Manuel Barroso on Friday put up a spirited defence of his right to work for U.S. bank Goldman Sachs, after the commission opened an ethics probe into his move, and he accused it of acting arbitrarily.

5:08pm BST

France, Germany warn against stricter capital rules for banks

 

BERLIN France and Germany warned on Friday against the introduction of new rules that would force banks to set aside more capital, saying this could choke off private lending and hurt growth prospects.

4:59pm BST

Greece submits reform bill to parliament to get bailout funds

 

ATHENS Greece on Friday submitted to parliament a bill with reforms demanded by its foreign creditors in exchange for financial aid under the country's international bailout.

4:57pm BST

Pimco says bond yields to rise gradually as central banks run out of rope

 

LONDON Global bond yields will rise modestly and spikes in volatility could be more commonplace in the coming years as loose central bank policy loses its potency, Pimco's bonds CIO said on Friday.

4:54pm BST

Russia - meeting of Russia, Ukraine finance ministers not confirmed

 

MOSCOW A meeting between Russia and Ukraine's finance ministers on the sidelines of the International Monetary Fund annual meeting in Washington next month is still being negotiated, Russia Deputy Finance Minister Sergei Storchak said on Friday.

4:52pm BST

Exclusive - Japan's antitrust watchdog considers action against Apple, carriers: sources

 

TOKYO Japanese regulators are considering taking action against Apple Inc over possible antitrust violations that may have helped it dominate the nation's smartphone sales, government sources said, a move that could hit the company's profit margins in one of its most profitable markets.

4:50pm BST

HSBC walks U.S. regulatory tightrope over $10 billion of 'trapped' capital

 

LONDON Britain's HSBC is seeking to release billions of dollars of capital tied up in the United States without upsetting the country's politicians and regulators, senior sources at the bank said.

4:40pm BST

U.S. judge tells CFTC he won't 'rubber stamp' Deutsche Bank deal

 

NEW YORK A federal judge has ordered the U.S. Commodity Futures Trading Commission to justify why a settlement with Deutsche Bank AG in a case over the bank's handling of swap reporting is fair and in the public interest.

4:40pm BST

Sunoco, behind protested Dakota pipeline, tops U.S. crude spill charts

 

HOUSTON Sunoco Logistics, the future operator of the oil pipeline delayed this month after Native American protests in North Dakota, spills crude more often than any of its competitors with more than 200 leaks since 2010, according to a Reuters analysis of government data.

4:37pm BST

U.S. lawmakers have 'grave concern' over Boeing, Airbus Iran licenses

 

WASHINGTON Senior Republican U.S. House of Representatives lawmakers made clear on Friday they will keep campaigning against Boeing and Airbus jetliner sales to Iran, despite the Treasury Department's announcement that it had begun issuing licenses for the exports.

SocGen says expects no tax impact from court decision on Kerviel

 

PARIS Societe Generale said on Friday the decision of a French appeals court, which ordered former trader Jerome Kerviel to pay the bank 1 million euros (£866,646.06) in damages, would have no impact on its tax situation.

3:55pm BST

Cabin crew union calls for strikes at Lufthansa's Eurowings

 

BERLIN Cabin crew at Lufthansa's budget carrier Eurowings are threatening fresh strike action from October in a row over contracts at the carrier, their union said on Friday.

3:46pm BST

Property valuers drop Brexit clauses from most contracts as markets steady

 

Five big property services firms are dropping Brexit uncertainty clauses from their valuation reports for most UK assets as market conditions steady after a sharp drop immediately after Britain's vote in June to leave the EU.

3:07pm BST

Greece needs substantial debt relief, surplus targets unrealistic - IMF

 

ATHENS Greece needs substantial relief to render its debt load sustainable and help set its ailing economy on a recovery path, the International Monetary Fund said in an annual review on Friday.

3:04pm BST

Greece welcomes IMF request for further debt relief - finance minister

 

ATHENS Greece welcomed on Friday a review by the International Monetary Fund (IMF) which said the country needs substantial debt relief to make its debt burden sustainable.

2:56pm BST

Saudis keen for consensus on OPEC production by November - source

 

DUBAI Saudi Arabia and other OPEC nations are looking at various scenarios in an effort to find common ground by November to stabilise the oil market, a Gulf OPEC source familiar with Saudi thinking said on Friday.

2:53pm BST

UK public inflation expectations edge lower - Citi/YouGov

 

LONDON British public inflation expectations for the next 12 months fell this month for the first time since June's vote to leave the European Union, a monthly survey for U.S. bank Citi showed on Friday.

2:42pm BST

Euro zone business growth near two-year low in September - PMI

 

LONDON Euro zone business activity has expanded at its weakest rate since the start of 2015 this month as growth paths diverged and firms stopped discounting for the first time in a year, surveys showed on Friday.

2:25pm BST

Gibraltar looks to reinvent itself after Brexit

 

GIBRALTAR/LONDON Gibraltar, a rocky British enclave on Spain's southern tip that has positioned itself as a springboard for finance to the European Union, may have to reinvent itself after Britain voted to split from the bloc.

1:29pm BST

SocGen lawyer says not worried about tax deduction after court ruling

 

PARIS Societe Generale's lawyer said on Friday he was "not worried" that a tax deduction could be reclaimed from the French bank after a court ruling on the damages former trader Jerome Kerviel should pay for rogue trading losses.

[interestrateripoff]

Libyan sovereign fund recovers $127 million from Lehman, Cornhill Capital

 

LONDON Libya's $67 billion (£51.6 billion) sovereign wealth fund has recovered $73 million from the bankrupt Lehman Brothers and $53.8 million from Cornhill Capital after lengthy legal battles, the fund said in a statement.

1:13pm BST

Russia may borrow up to $7 billion abroad in 2017

 

MOSCOW Russia may increase its foreign borrowing next year to $7 billion (5.40 billion pounds), but the decision will have to be taken carefully to avoid inflationary risks, Finance Minister Anton Siluanov said on Friday.

12:49pm BST

Deutsche Bank's compliance revamp will be bumpy journey

 

FRANKFURT Deutsche Bank is going for long-term solutions rather than quick fixes in setting up its new compliance team to ensure the bank can put behind it the problems that have cost it billions of euros in fines, the bank's regulatory boss said.

12:29pm BST

UK Co-op Group's profits hit by investment, pay rises and price cuts

 

LONDON Britain's Co-operative Group , the mutually-owned supermarkets to funeral services group, reported a halving in half-year profits on Friday as it invested in stores raised pay for staff and cut prices to stay competitive in a cut-throat grocery market.

12:24pm BST

Europe's offshore wind industry prepares for Atlantic crossing

 

FRANKFURT Yield-hungry investors in the offshore wind market are switching their sights to the United States as future support for the industry in Europe remains uncertain, leaving billions of euros looking for a new home.

12:08pm BST

Pilots' union rebuffs latest Lufthansa offer on pay, conditions

 

BERLIN The German pilots' union has rejected Lufthansa's latest proposal in a long-running row over pay and conditions, a spokesman for the union said on Friday.

11:42am BST

Investors pull $7.4 billion from stocks funds, largest outflow in 12 weeks - BAML

 

LONDON Global investors pulled $7.4 billion (£5.69 billion) from equity funds in the week to Wednesday, the largest outflow in around three months, as uncertainty over U.S. and Japanese monetary policy unnerved stocks, Bank of America Merrill Lynch (BAML) said on Friday.

11:18am BST

Sony unit, Dalian Wanda in tie-up to tap China's huge movie market

 

SHANGHAI Chinese conglomerate Dalian Wanda Group will market Sony Pictures' films and co-finance some upcoming movie releases of Sony Corp's film unit in China, which is forecast to become the world's top movie market as soon as next year.

Carney's choice - stay for Brexit or seek new role in 2018?

 

LONDON Mark Carney has been taking the big decisions for Britain's economy for the past three years, but his next one will be much more personal.

10:36am BST

Germany's top court to decide on EU-Canada trade deal in October

 

KARLSRUHE Germany's Constitutional Court will rule on Oct. 13 on a complaint by activists aimed at stopping an ambitious trade agreement between the European Union and Canada.

10:20am BST

South Korea says cash at Hanjin, parent group support should cover offloading fees

 

SEOUL South Korea's government said cash held by Hanjin Shipping Co Ltd and funds pledged by its parent group should meet the costs of unloading some $14 billion (10.74 billion pounds) in cargo stranded on vessels operated by the troubled container line.

9:58am BST

ECB policymakers say rates near bottom even if recovery is disappointing

 

FRANKFURT European Central Bank interest rates are probably close to the bottom, even though the bank had hoped the euro zone economy would respond better to its stimulus measures, two top policymakers said on Friday.

9:43am BST

Co-Operative Group cuts value of Co-op bank stake by 45 million pounds

 

LONDON Co-Operative Group ltd has lopped 45 million pounds off the valuation of its stake in Co-Op Bank, the company said on Friday, reflecting declining confidence in the lender's fortunes amid broader problems in the bank sector.

9:30am BST

Malaysia's Proton partner search flushes out three carmakers with eye on ailing firm -sources

 

KUALA LUMPUR At least three firms including Peugeot maker PSA have signalled interest in a deal with ailing Malaysian carmaker Proton, people familiar with the matter said, as the faded brand's owner seeks to sell a stake in a company once seen as a symbol of the country's drive to industrialise.

9:06am BST

Anglo American names new finance director

 

LONDON/BENGALURU Global mining company Anglo American Plc on Friday named a new finance director with a track record in cost-cutting and debt reduction at Australian iron ore giant Fortescue .

8:56am BST

ECB hoped for quicker boost from its stimulus - Constancio

 

FRANKFURT The European Central Bank had hoped that the euro zone economy would respond to its stimulus measures more quickly and is aware that low rates over a long period could raise financial stability risks, Vice President Vitor Constancio said on Friday.

8:48am BST

BOJ Tankan to show business mood mixed amid strong yen

 

TOKYO Japanese manufacturers' mood improved for the first time in five quarters while service sector confidence worsened to the lowest since 2014, a Reuters poll showed, as the effects of a strong yen filtered through the economy.

8:46am BST

Sports Direct founder Mike Ashley takes CEO role

 

LONDON Britain's Sports Direct , the retailer trying to mend its battered image, named its billionaire founder and controlling shareholder Mike Ashley as chief executive on Friday after Dave Forsey quit the role.

[interestrateripoff]

France's economy slows in second quarter for first time since 2013

 

PARIS France's economy slowed for the first time since early 2013 in the second quarter of 2016, hurt by a dip in consumer spending, in a blow to President Francois Hollande ahead of a presidential election due next April.

8:22am BST

South Korea urges swift offloading of Hanjin cargo, to unveil new shipping measures

 

SEOUL South Korea will announce new measures to bolster the shipping industry in October, finance minister Yoo Il-ho said on Friday, urging the swift unloading of cargo trapped on Hanjin Shipping Co Ltd's ships.

8:15am BST

U.S. states sue opioid-maker Indivior, alleging anticompetitive practices

 

WASHINGTON Thirty-five U.S. states and the District of Columbia filed a lawsuit on Thursday against opioid drug maker Indivior alleging it tried to keep generic versions of a drug off the market.

8:07am BST

OPEC in new push to clinch first deal to curb output since 2008

 

DUBAI/LONDON As far as OPEC decision-making is concerned, Algeria, which plays host to oil ministers next week, has always been the land of surprises.

8:05am BST

UK insurer Novae says finance head to step down

 

Lloyd's of London insurer Novae Group Plc said its finance boss Charles Fry would step down from the board on Friday and leave the company at the end of October.

7:29am BST

Oil industry welcomes Indonesia's tax reform, but says it's not enough

 

SINGAPORE/JAKARTA Indonesia's removal of taxes on oil and gas explorers is a good first step, but more is needed to lure investment from companies that have cut budgets and laid off staff after a precipitous plunge in prices, industry analysts said on Friday.

7:10am BST

As rivals circle, Japan boosting firepower to buy global energy assets

 

TOKYO Japan plans to rush through a bill to provide more financial muscle for its companies to compete for global energy assets, just as other resource-hungry Asian economies such as China and India are also looking to snap up depressed oil assets.

6:45am BST

Fuji Heavy recalls 935,000 Subaru cars over wiper issue

 

TOKYO Japan's Fuji Heavy Industries is recalling about 935,000 units of its popular Subaru Legacy worldwide to fix an issue with their front windshield wipers, the company said on Friday.

Japan must not rely solely on BOJ to revive economy - finance minister

 

TOKYO Japan's government must not rely solely on the Bank of Japan to boost economic growth and defeat deflation, following the central bank's decision to reboot its monetary policy framework, Finance Minister Taro Aso said on Friday.

4:21am BST

Austria, France to propose restarting EU-U.S. trade talks under new name

 

BERLIN Austria and France will on Friday propose ending the current round of trade talks between the United States and the European Union, and starting fresh talks under a new name, Austrian Economy Minister Reinhold Mitterlehner said.

4:09am BST

German parties clinch long-awaited deal on inheritance tax

 

BERLIN German governing parties have agreed to tighten up tax breaks for people who inherit firms in a reform to a law that also aims to protect jobs, officials said on Thursday, ending a bitter dispute that has lasted nearly two years.

4:05am BST

Japan September flash manufacturing PMI shows expansion for 1st time in Seven months

 

TOKYO, Japanese manufacturing activity expanded for the first time in seven months in September, a preliminary survey showed on Friday, in a tentative sign that economic growth could pick up pace.

1:41am BST

Hyundai to debut Genesis premium brand in China in 2-3 years - executive

 

HANAM, South Korea South Korea's Hyundai Motor will launch its standalone premium auto brand Genesis in China within two to three years, betting on a luxury lane to profit as competition bites at the lower end of the world's biggest auto market.

12:09am BST

JPMorgan tops investment bank table again, top five all U.S. banks

 

LONDON JPMorgan retained its place at the top of the global investment bank rankings in the first half of this year despite a fall in revenues, while Deutsche Bank's troubles ensured the top five were all U.S. banks, new data on Friday showed.

12:07am BST

Global stocks climb as Fed calms investors; bond prices up

 

NEW YORK World stock indexes and bond prices climbed on Thursday, extending gains from a day earlier, when the U.S. Federal Reserve signalled an increasingly cautious approach to future interest rate hikes.

22 Sep 2016

IATA slams 'catastrophic' tax haven ruling in Brazil

 

BRASILIA The International Air Transport Association urged Brazil on Thursday not to list Ireland as a tax haven, a decision that would increase taxes on aircraft leases for Brazilian carriers struggling to regain profitability.

22 Sep 2016

Airbus confident in supplier's plans to fix engine delays

 

The commercial aircraft unit of Airbus Group SE is confident in plans from engine maker Pratt & Whitney to solve production delays for its next-generation single-aisle planes, the A320neo, Chief Operating Officer for Customers John Leahy said Thursday.

22 Sep 2016

WTO says EU failed to comply with Airbus subsidy ruling

 

GENEVA/PARIS The World Trade Organization said on Thursday the European Union had failed to rein in billions of dollars in subsidies to planemaker Airbus , ratcheting up tensions in the battle for airliner orders worth trillions of dollars a decade.

[interestrateripoff]

Ashley tightens grip at Sports Direct

 

 

 

 

The founder and majority owner of Sports Direct, Mike Ashley, becomes chief executive after the surprise resignation of Dave Forsey.

 

• 23 September 2016
  
• From the section Business
  

 

 

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Tech Talent

 

 

 

 

 

Why don't UK tech firms lead the world?

 

 

 

 

 

Silicon Valley Brits 'had to leave UK'

 

 

 

 

 

 

'Engineers are the lifeblood of technology'

 

 

 

 

 

Berlin bids for London’s talent

 

 

 

 

 

 

 

'I sold three new fivers for £460'

 

A collector who sold three new plastic £5 notes for £460 on the Ebay auction site says he will reinvest the money in his hobby.

 

• 23 September 2016
  
• From the section Business
  

 

 

Related content

 

 

• New fivers sell for hundreds of pounds
  
• Plastic £5 trickles into circulation
  

 

 

 

 

 

 

Live Business Live: Oil price slumps

 

The price of crude oil has fallen sharply on supply concerns; US shares slide; More on Twitter rumours.

 

• From the section Business
  

 

 

 

 

 

Twitter shares soar on takeover talk

 

• 23 September 2016
  
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MG ends car assembly at historic UK plant

 

• 23 September 2016
  
• From the section Birmingham & Black Country
  

 

 

Easyjet pilots' strike put on hold

 

• 23 September 2016
  
• From the section UK
  

 

 

 

 

 

Facebook 'overestimated' video viewing

 

• 23 September 2016
  
• From the section Technology
  

 

 

Amazon fined for breaking shipping rules

 

• 23 September 2016
  
• From the section Business
  

 

 

Damages slashed for rogue trader Kerviel

 

• 23 September 2016
  
• From the section Business
  

 

 

'State' attack on Yahoo hit 500m users

 

• 23 September 2016
  
• From the section Technology
  

 

 

Call to protect bank [problem] victims

 

• 23 September 2016
  
• From the section Business
  

 

 

Treasury minister quits government

 

[interestrateripoff]

Dismal Deja Vu: Fannie & Freddie Lower Lending Standards

 

ECB Embarrassment: €18 In QE Generated Just €1 In GDP Growth

 

NY Fed Slashes GDP Forecast, Now Sees Weakest Growth Since Financial Crisis

 

What If We're In A Depression But Don't Know It?

 

 

German Politicians Are Getting Nervous About Deutsche Bank

[interestrateripoff]

• 
   
  BHS Firm to launch online a month after last store closed
   
   
  Qatari Al Mana Group to unveil BHS.com on Thursday with 84 employees compared with previous 11,000
   
  Firm to launch online a month after last store closed
   
  
• 
   
  Brexit City figures hit out at May over lack of clarity on strategy
   
   
   
  
  • LSE Chief warns 100,000 jobs at risk from Brexit vote
    

   

   

  City figures hit out at May over lack of clarity on strategy

   

 

 

• 
   
  Manufacturing AkzoNobel chief urges UK to clarify future relationship with EU
   
   
  CEO says firm, which makes Dulux paint, is committed to UK but desires quick, no-nonsense approach to Brexit negotiations
   
  AkzoNobel chief urges UK to clarify future relationship with EU
   
  
• 
  
  • 
     
    IMF Former chief Rodrigo Rato on trial over bankers’ luxury sprees
     
     
     
    Former chief Rodrigo Rato on trial over bankers’ luxury sprees
     
    
  • Low pay Sports Direct’s surrender is just the start, says TUC
     
     
     
    Sports Direct’s surrender is just the start, says TUC
     
    
  • Fashion From catwalk to checkout: how Burberry is trying to reinvent retail
     
     
     
    From catwalk to checkout: how Burberry is trying to reinvent retail
     
    

  [*]

  • Football Players' £400m social housing dream unveiled
     
     
     
    Players' £400m social housing dream unveiled
     
    
  • Yahoo hack Millions of BT and Sky customers at risk
     
     
     
    Millions of BT and Sky customers at risk
     
    
  • Inequality Gender pay gap won't close until 2069 – Deloitte
     
     
     
    Gender pay gap won't close until 2069 – Deloitte
     
    
  • Cold war Iceland (the country) may sue Iceland (the chain) over name
     
     
     
    Iceland (the country) may sue Iceland (the chain) over name
     
    
  • RBS Bank turns its back on the Fred Goodwin era
     
     
     
    Bank turns its back on the Fred Goodwin era
     
    

[interestrateripoff]

The top 9 languages for the highest-paid jobs in Britain

 

Mandarin, the most widely spoken language in the world, hit the rankings and so did Arabic

 

 

 

 

 

Why the world's fanciest oil rigs are just sitting there doing nothing

 

 

 

 

 

Gender pay gap won't close until 2069, research finds

 

 

 

 

 

 

 

 

Brits who didn't vote in the EU referendum now wish they voted against

 

Just less than 28% of registered Brits did not vote in the June EU referendum -- that is about 13 million people.

 

 

 

 

 

The true cost of Brexit without a free trade deal

 

 

 

 

 

Twitter sale: Google reportedly in talks to buy site

 

 

 

 

 

 

Amazon fined for trying to fly dangerous goods by air

 

The items included lithium ion batteries and flammable aerosols

 

 

 

 

 

 

Toffee Deluxe evicted from Quality Street after customer complaints

 

It will be replaced by the new Honeycomb Crunch

 

 

 

 

 

 

 

 

Iceland (the country) considers suing Iceland (the supermarket)

 

Foreign Ministry confirms that it is considering legal action against the frozen foods giant

 

 

 

 

 

 

TTIP deal could re-launched under a different name, say EU ministers

 

EU ministers demand complete restart of the controversial trade deal that has sparked mass protests across the continent.

 

 

 

 

 

 

 

 

Disgraced trader Jerome Kerviel damages slashed to €1m from €4.9bn

 

Kerviel had amassed €50bn in stock market bets using fake hedges and false documents.

 

 

 

 

 

 

New £5 notes selling for nearly £800 on eBay

 

Collectors have realised that £5 that have come off the first press could be worth a small fortune

 

 

 

 

 

Offshore wind facility will be ‘game-changer' for UK renewables

[interestrateripoff]

In Australia, China’s Appetite Shifts From Rocks to Real Estate

 

By KEITH BRADSHER

 

China’s breakneck growth fueled an iron ore boom in Western Australia. Now, Chinese investors are fleeing a cooling economy by investing in Australian homes.

Phone Makers Could Cut Off Drivers. So Why Don’t They?

 

By MATT RICHTEL

 

Apple and digital giants have developed potentially lifesaving technology to block texting while driving, but it’s still not being deployed.

 

Jane Pauley to Become Anchor of CBS Show ‘Sunday Morning’

 

By JOHN KOBLIN 10:30 AM ET

 

For Ms. Pauley, who catapulted to fame as an anchor of the “Today” show 40 years ago, the move represents an unexpected late-career comeback.

 

Snapchat, Known for Ephemera, Proves Its Staying Power With Videos

 

By KATIE BENNER and SAPNA MAHESHWARI

 

With a growing slate of highly edited video content, the app is catching advertisers’ attention and competing with television for viewers.

 

Review

 

Can Tesla’s Autopilot Be Trusted? Not Always

 

By ERIC A. TAUB

 

A reporter tests the company’s old self-driving software and its updated one, finding an exhilarating system that he still needed to override for self-preservation.

 

The Upshot

 

Football Team at the Buffet: Why Obamacare Markets Are in Crisis

 

By MARGOT SANGER-KATZ

 

Insurers are raising prices and limiting choices for the same reasons a restaurant owner might replace lobster with potato salad on an all-you-can-eat menu.

 

• 116 Comments
  

 

Yale Endowment Earned 3.4% in a Year When Many Peers Lost

 

By GERALDINE FABRIKANT

 

The average return among endowments that have reported so far is a loss of 2.7 percent, according to Cambridge Associates.

[interestrateripoff]

Jeremy Corbyn's growth plan 'excessive' and risky, economists warn

 

 

• 
  
• 25 Sep 2016, 3:14pm BHS to relaunch in the UK online
   
   
   
  
• 25 Sep 2016, 3:34pm Did Henry VIII's Tudor 'Brexit' lead to England's trading glory, or a century of depression?
   
   
   
  
• 25 Sep 2016, 4:59pm Oil producers at stalemate even before Opec talks on output begin
   
   
   
  
• 25 Sep 2016, 4:56pm The week ahead in business and finance
   
   
   
  
• World leaders cannot match market forces for power
   
  Roger Bootle
   
   
   
   
   
  
• 24 Sep 2016, 1:17pm Comment: Four tips to handle any crisis, financial or otherwise
   
  Comment: GSK's boss is smashing the glass ceiling, but not everybody's happy
   
  Comment: Fat and lazy? There’s an element of truth in Fox’s jibe
   
   
   
  
• Wind energy brings offshore living to a new generation
   
   
   
  
• 24 Sep 2016, 7:30pm Business groups unite against changes to rates appeal system
   
   
   
  
• 24 Sep 2016, 7:00pm Industry faces £160m energy hit under overhaul of power plant rules
   
   
   
  
• 24 Sep 2016, 4:05pm Safe as houses? Not in this fast, volatile market
   
   
   
  
• 23 Sep 2016, 12:01am Britain has the edge over EU nations in trade talks, says Civitas
   
   
   
  
• 24 Sep 2016, 7:00pm SABMiller takeover faces protest vote
   
   
   
  
• 
  

[interestrateripoff]

BHS brand to be revived as online shop

 

 

 

 

The collapsed retailer BHS is re-launching as an online shop, selling some of the most popular items previously available on its website.

 

• 25 September 2016
  
• From the section Business
  

 

 

Related content

 

 

• Last BHS stores closed after 88 years
  
• Sir Philip Green denies 'blackmail' row
  
• Inside a BHS 'ghost store'
  

 

 

 

 

Tech Talent

 

 

 

 

 

Why don't UK tech firms lead the world?

 

 

 

 

 

Silicon Valley Brits 'had to leave UK'

 

 

 

 

 

 

'Engineers are the lifeblood of technology'

 

 

 

 

 

Berlin bids for London’s talent

 

 

 

 

 

 

 

Gender pay gap 'to remain until 2069'

 

The gender pay gap in the UK will not close until 2069 based on current salary progressions, research suggests.

 

• 24 September 2016
  
• From the section UK
  

 

 

Related content

 

 

• Four ways the gender pay gap isn't all it seems
  
• Six ways to tackle the gender pay gap
  

 

 

 

 

 

 

Ashley tightens grip at Sports Direct

 

The founder and majority owner of Sports Direct, Mike Ashley, becomes chief executive after the surprise resignation of Dave Forsey.

 

• 23 September 2016
  
• From the section Business
  

 

 

Related content

 

 

• Sports Direct: Ashley as chief executive is 'bizarre'
  
• Ashley repeats Sports Direct defence
  

 

 

 

Snapchat launches sunglasses with camera

 

• 24 September 2016
  
• From the section Technology
  
• comments
  

 

 

MG ends car assembly at historic UK plant

 

• 23 September 2016
  
• From the section Birmingham & Black Country
  

 

 

National Grid deal 'should be halted'

 

• 24 September 2016
  
• From the section Business
  

 

 

 

 

 

'Fit and forget' smart meters warning

 

[interestrateripoff]

Politics to trump central bankers

 

PARIS With major central bank policy on hold for now, politics will take centre stage in the coming week as the U.S. presidential election enters a new phase with the first televised debate.

24 Sep 2016

Britain to seek independent membership of WTO after Brexit - newspaper

 

LONDON Britain intends to become an independent member of the World Trade Organisation when it leaves the European Union, trade minister Liam Fox will say next week, according to a report in the Sunday Telegraph newspaper.

11:30am BST

Cracks showing in Germany's fragile truce with the ECB

 

BERLIN Michael Stuebgen, a conservative member of the German parliament, was speaking with the head of a local savings bank recently about the European Central Bank's quantitative easing (QE) programme.

11:54am BST

EDF, Britain to sign Hinkley Point contracts Thursday - Les Echos

 

PARIS French state-controlled utility EDF has agreed to sign contracts with the British government for its Hinkley Point nuclear project on Thursday, French financial daily Les Echos reported.

24 Sep 2016

Twitter initiates talks with tech companies over sale - source

 

Twitter Inc has initiated talks with several technology companies to explore selling itself, a person familiar with the matter said on Friday, signalling the start of what is likely to be a slow-rolling auction of the high-profile but money-losing social media company.

24 Sep 2016

Some Yahoo users close accounts amid fears breach could have ripple effects

 

Many Yahoo users rushed on Friday to close their accounts and change passwords as experts warned that the fallout from one of the largest cyber breaches in history could spill beyond the internet company's services.

24 Sep 2016

Li Ka-Shing could face regulatory snag on National Grid deal - sources

 

Reuters Hong Kong billionaire Li Ka-Shing is likely to face significant regulatory hurdles if he bids for a stake in National Grid's British gas networks, banking and industry sources said, because of similar assets he already owns.

23 Sep 2016

Fed's internal split tied to duelling views on jobs outlook

 

SAN FRANCISCO The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labour market outlook, comments from policymakers on Friday suggest.

23 Sep 2016

Iran introduces credit cards for first time

 

Iran introduced credit cards for the first time on Sunday, the Iranian Students’ News Agency (ISNA) reported.

5:21pm BST

Vivendi hopes to make Mediaset new pay-TV offer next week - source

 

PARIS/MILAN Vivendi hopes to make a new offer for Mediaset's pay-TV business by the end of next week to try to end a dispute between the French and Italian media groups that erupted in July, a source close to matter said.

[interestrateripoff]

"Home Prices Are Out Of Hand Again"

 

Saudis Offer To Cut Production By 500,000 Barrels: "The Oil Market Situation Is Much More Critical"

 

Foreign Buying Plummets In Vancouver: Sales To Foreigners Crash 96%

 

We Are Stuck In Depression Until The Legend Of The "Maestro" Finally Dies

 

State Tax Revenues Plunge In Q2

 

"Hell To Pay" - The Final Condition For A Market Crash Is Falling Into Place

 

Merkel Rules Out Bailout For Deutsche Bank: Depositor Bail-In Coming Up?

 

Recession Watch: US Freight Drops To Worst Level Since 2010

 

Obamacare "Death Spiral" Looms As Co-Op Losses Mount

 

A Confused Janet Yellen Tries To Figure Out If Stocks Are In A Bubble, Fails

[interestrateripoff]

• 
   
  Live Stock markets drop ahead of US presidental debate – business live
   
   
  Published: 8:38 PM
  Stock markets drop ahead of US presidental debate – business live
   
  
• 
   
  Labour in Liverpool A sketchy start to solving Britain's economic problems
   
   
  Published: 7:48 PM
  A sketchy start to solving Britain's economic problems
   
  
• Nils Pratley on finance It's no surprise Berlin is telling Deutsche Bank it's on its own
   
   
  Published: 7:30 PM
  
  It's no surprise Berlin is telling Deutsche Bank it's on its own
   
  

 

 

• 
  
  • Politics live with Andrew Sparrow Labour conference: CND accuses party of 'disastrous' Trident U-turn – as it happened
     
     
    Published: 6:24 PM
    Labour conference: CND accuses party of 'disastrous' Trident U-turn – as it happened
     
    
  • Law passed enabling actors to remove age from IMDb
     
     
    Published: 5:36 PM
    Law passed enabling actors to remove age from IMDb
     
    
  • Sainsbury's one-hour delivery service takes on Amazon
     
     
    Published: 5:23 PM
    Sainsbury's one-hour delivery service takes on Amazon
     
    
  • Big investors join list of heavyweights against North Carolina 'bathroom bill'
     
     
    Published: 5:20 PM
    Big investors join list of heavyweights against North Carolina 'bathroom bill'
     
    
  • Rising London house prices spark departure of thirtysomethings
     
     
    Published: 5:05 PM
    Rising London house prices spark departure of thirtysomethings
     
    
  • Former HBOS banker received string of bribes, court hears
     
     
    Published: 4:57 PM
    Former HBOS banker received string of bribes, court hears
     
    

  [*]

 

 

• Amma Asante: film industry chiefs 'don't trust female directors'
   
   
  Published: 3:55 PM
  Amma Asante: film industry chiefs 'don't trust female directors'
   
  
• Aldi UK and Ireland chief pledges to win price war after profits fall
   
   
  Published: 3:09 PM
  Aldi UK and Ireland chief pledges to win price war after profits fall
   
  
• Former IMF chief Rodrigo Rato heckled at start of corruption trial
   
   
  Published: 3:05 PM
  Former IMF chief Rodrigo Rato heckled at start of corruption trial
   
  
• John McDonnell pledges no more Mike Ashleys, no more Philip Greens
   
   
  Published: 2:56 PM
  John McDonnell pledges no more Mike Ashleys, no more Philip Greens
   
  
• Virgin Trains East Coast workers to stage 24-hour strike next week
   
   
  Published: 2:12 PM
  Virgin Trains East Coast workers to stage 24-hour strike next week
   
  
• The £4,000 a week student flat where Fresh Meat meets Monopoly
   
   
  Published: 1:53 PM
  The £4,000 a week student flat where Fresh Meat meets Monopoly
   
  
• Global collaboration needed on 'bad actor' rules, says HSBC legal chief
   
   
  Published: 1:02 PM
  Global collaboration needed on 'bad actor' rules, says HSBC legal chief
   
  
• Southern rail owner's chief operating officer lands HS1 top job
   
   
  Published: 12:44 PM
  Southern rail owner's chief operating officer lands HS1 top job
   
  
• Market Forces blog National Grid and SSE buck FTSE falls as investors seek havens
   
   
  Published: 11:44 AM
  National Grid and SSE buck FTSE falls as investors seek havens
   
  
• Deutsche Bank shares fall to lowest level since mid-1980s
   
   
  Published: 11:39 AM
  Deutsche Bank shares fall to lowest level since mid-1980s
   
  
• Project Syndicate economists The return of fiscal policy – a step in the right direction
   
  Nouriel Roubini
   
  Published: 11:10 AM
  The return of fiscal policy – a step in the right direction
   
  
• Mortgage approvals fall by a fifth, says British Bankers’ Association
   
   
  Published: 10:59 AM
  Mortgage approvals fall by a fifth, says British Bankers’ Association
   
  
• How to build a successful subscription business
   
   
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  How to build a successful subscription business
   
  
• Going for growth ... how to expand without destroying your business
   
   
  Published: 10:36 AM
  Going for growth ... how to expand without destroying your business
   
  
• Market Forces blog FTSE falls ahead of US debate and Opec, while downgrade hits InterContinental
   
   
  Published: 10:05 AM
  FTSE falls ahead of US debate and Opec, while downgrade hits InterContinental
   
  
• Observer business agenda Polish up your CV – Sports Direct is hiring
   
  Nick Fletcher
   
  Published: 9:46 AM
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• Planes need to stop existing in a parallel universe when it comes to the climate fight
   
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  Published: 9:11 AM
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• Publishing and platforms Build in-house or outsource? It’s not a simple choice
   
   
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• Monarch Airlines in talks about cash injection amid financial health rumours
   
   
  Published: 8:37 AM
  Monarch Airlines in talks about cash injection amid financial health rumours
   
  
• The secret life The secret life of a startup employee: it’s like being a firefighter led by an arsonist
   
  Anonymous
   
  Published: 8:00 AM
  The secret life of a startup employee: it’s like being a firefighter led by an arsonist
   
  
• Supermarket beer sales overtake pubs for first time
   
   
  Published: 7:35 AM
  Supermarket beer sales overtake pubs for first time
   
  
• Connected for Success Working holidays: a good idea or just plain exhausting?
   
   
  Published: 7:15 AM
  Working holidays: a good idea or just plain exhausting?
   
  
• career inspiration Bored with nine-to-five? Eight ways to build a portfolio career
   
   
  Published: 7:00 AM
  Bored with nine-to-five? Eight ways to build a portfolio career
   
  
• Labour government would ban fracking in UK
   
   
  Published: 6:00 AM
  Labour government would ban fracking in UK
   
  
• Brexit anxiety taking its toll on financial services sector, CBI finds
   
   
  Published: 12:01 AM
  Brexit anxiety taking its toll on financial services sector, CBI finds
   
  
• British woman, 26, becomes one of world’s youngest airline captains
   
   
   
   
   
  

[interestrateripoff]

A hard Brexit would lead to a hard biz-exit with devastating results

 

Businesses are developing contingency plans to deal with the aftermath of the EU referendum. If ministers opt for a hard Brexit they will be put into action

 

 

 

 

 

Rodrigo Duterte's brutal drug war sends currency to seven-year low

 

 

 

 

 

Trump to cause panic on markets if he wins debate

 

 

 

 

 

 

 

 

Brexit boost for superyacht industry as sales rise above sinking pound

 

The fall in the pound has been good for ultra-luxury boat sales – mega-wealthy overseas buyers now get more yacht for their money.

 

 

 

 

 

Inside the student flat that costs £4,000 a week

 

 

 

 

 

£22bn wiped off value of FTSE 100 ahead if Trump v Clinton debate

 

 

 

 

 

 

5 brands that turned the Brangelina divorce into an opportunity

 

Norwegian Airlines, Ikea, Boost Juice and others were quick to respond

 

 

 

 

 

 

Sainsbury's becomes first supermarket to offer one-hour delivery

 

Sainsbury’s is bringing back delivery by bicycle in London

 

 

 

 

 

 

 

 

Aldi not immune from effects of price war it started

 

The discounter's growth is slowing and its profits are falling, but it's ready to respond and that should worry Britain's established grocers

 

 

 

 

 

 

Brexit: what rights do you have if your employer decides to move?

 

Lawyer Matt Gingell explains what you can do if your employer decides to move jobs to a new location.

 

 

 

 

 

 

 

 

China is biggest threat to global economy, says Harvard professor

 

Eminent economist Ken Rogoff rubbishes claims that China is a 'special case' and would be able to defy the gloomy outlook as it economy slows.

 

 

 

 

 

 

EU business leaders urged to ignore advice from Brexit ministers

 

EU businesses have been waiting for the new government to give a clear outline of how trade negotiations will work in future

 

 

 

 

 

Mortgage approvals fall again in August

 

 

 

 

 

Optimism among UK financial sector 'hits global financial crisis low'

 

 

 

 

 

 

China probes North Korean bank for nuclear missile financing

 

China and the United States have agreed to step up cooperation in the UN Security Council and in law enforcement channels after North Korea’s fifth nuclear test on 9 September

 

 

 

 

 

 

 

 

The top 9 languages for the highest-paid jobs in Britain

 

Mandarin, the most widely spoken language in the world, hit the rankings and so did Arabic

 

 

 

 

 

 

Why the world's fanciest oil rigs are just sitting there doing nothing

 

They're worth $500m, but - for now - its somehow cheaper for them to be idle

 

 

 

 

 

 

 

Gender pay gap won't close until 2069, research finds

 

The lack of women in certain industries and specific jobs is contributing to the gender gap

 

 

 

 

 

Brits who didn't vote in the EU referendum now wish they voted against

 

 

 

 

 

The true cost of Brexit without a free trade deal

 

 

 

 

 

 

Twitter sale: Google reportedly in talks to buy site

 

Twitter stock has skyrocketed 21% to $22.59 in mid-morning trading on Friday

 

 

 

 

 

 

 

Amazon fined for trying to fly dangerous goods by air

 

The items included lithium ion batteries and flammable aerosols

 

 

 

 

 

Toffee Deluxe evicted from Quality Street after customer complaints

 

 

 

 

 

Iceland (the country) considers suing Iceland (the supermarket)

[interestrateripoff]

Millions in U.S. Climb Out of Poverty, at Long Last

 

By PATRICIA COHEN

 

 

In 2015, 3.5 million Americans were able to breach the poverty line as an economic recovery hit a tipping point.

 

• 883 Comments
  

 

 

 

Justin T. Gellerson for The New York Times

 

Alex Caicedo and his family are among the 3.5 million Americans who breached the poverty line last year, according to new census data.

 

 

 

 

 

Mediator

 

A Moment of Truth for Presidential Debate Moderators

 

By JIM RUTENBERG

 

News outlets and fact-checking sites can separate truth from fable after a debate, but it falls to the moderator to interject in the moment when a candidate lies.

 

 

 

Clinton-Trump Debate Expected to Be Rare Draw in a Polarized Age

 

By MICHAEL M. GRYNBAUM

 

The total audience, network executives and political strategists say, could be as high as 100 million viewers — Super Bowl territory.

 

• 1051 Comments
  

 

 

 

 

 

 

 

 

 

• Wall St. Is Weighed Down by Banks and Health Care 2:17 PM ET
  

 

Two Exchange Operators, CBOE and Bats, Agree to Merge

 

By LESLIE PICKER 12:35 PM ET

 

CBOE Holdings, which owns the Chicago Board Options Exchange, agreed to pay $3.2 billion in cash and stock to acquire Bats Global Markets.

 

Deutsche Bank Denies Seeking Germany’s Help in U.S. Dispute

 

By CHAD BRAY

 

The lender said that it did not seek the intervention of the German government in a dispute over underwriting of residential mortgage-backed securities.

 

A New Debate Over Pricing the Risks of Climate Change

 

By HIROKO TABUCHI and CLIFFORD KRAUSS

 

Exxon Mobil says it’s not possible to predict how climate change will affect its business. A bill in Congress says it shouldn’t be asked to.

 

‘Aviation’s Paris Moment’ as Nations Near Emissions Deal

 

By HENRY FOUNTAIN 10:15 AM ET

 

The measure would be a major step in reducing the effect of an often-overlooked contributor to climate change: greenhouse gas emissions from overseas flights.

 

Grit vs. Goliath: A Reporter’s Dogged Pursuit of Roger Ailes

 

By DAVID SEGAL

 

The reporter Gabriel Sherman has been spied on, insulted and threatened as he has taken on the powerful and volatile former Fox chairman Roger Ailes.

 

What if ‘One Click’ Buying Were Internetwide?

 

By NATHANIEL POPPER

 

Top internet companies — but not Amazon or PayPal — are cooperating to solve a persistent problem: How to provide one-click shopping across all kinds of sites.

 

Rolling Stone Brings In a Singapore-Based Investor

 

By SYDNEY EMBER

 

The magazine’s parent, Wenner Media, will form a partnership with BandLab Technologies to expand into new markets and bolster its international brand.

 

A Choice Beyond Cable Box Rentals? It May Hinge on a Swing Voter

 

By CECILIA KANG

 

An F.C.C. commissioner may not side with her fellow Democrats on a plan that would make it easier to combine streaming services and cable channels on one device.

 

Making Video Ads That Work on Facebook’s Silent Screen

 

By SAPNA MAHESHWARI and KATIE BENNER

 

Marketers trying to reach an increasingly fractured and fickle social media audience are struggling to make ads when one version may not work everywhere.

 

Williams Companies, Under Pressure, Continues Board Overhaul

 

By LESLIE PICKER 39 minutes ago

 

The company appointed two more independent directors and will select another two by November, prompting an activist investor to call off a proxy fight.

 

Jane Pauley to Become Anchor of CBS Show ‘Sunday Morning’

 

By JOHN KOBLIN

 

For Ms. Pauley, who catapulted to fame as an anchor of the “Today” show 40 years ago, the move represents an unexpected late-career comeback.

 

Congress Meets, With 5 Days to Avoid Shutdown Over Funding

 

By CARL HULSE

 

A short-term funding bill could meet resistance from Democrats upset that the measure does not include money to address water contamination in Flint, Mich.

 

 

 

• Audi’s Research and Development Chief Leaves as VW Inquiries Continue 11:04 AM ET
  
• Sales of New Homes Tumbled 7.6 Percent in August 10:46 AM ET
  
• Lands' End CEO Leaves Company After Less Than 2 Years 10:46 AM ET
  
• Snapchat, Known for Ephemera, Proves Its Staying Power With Videos
  
• ‘Brexit’ Prompts Many British C.E.O.s to Consider Relocating, Survey Finds
  
• FreshDirect Secures New Backing Despite Growing Competition in Online Groceries
  

[interestrateripoff]

The economics of a £10 an hour UK wage

 

 

 

 

Labour's pledge on the living wage will sound difficult for many of those who have to deliver it - small business owners.

 

• 26 September 2016
  
• From the section Business
  
• comments
  

 

 

Related content

 

 

• McDonnell vows £10 'living wage in 2020'
  

 

 

 

 

 

 

Banking fraud and corruption trial starts

 

The trial has started of six people accused of fraud and corruption involving a department of the Halifax Bank of Scotland.

 

• 26 September 2016
  
• From the section Business
  

 

 

 

 

 

 

 

Live Business Live: Twitter shares rise on more bid rumours

 

Disney latest name linked with Twitter bid; FTSE 100 closes 1.3% down; Pound falls to a five week low against the euro and dollar.

 

• From the section Business
  

 

 

 

 

 

Golfer Arnold Palmer the commercial champion

 

• 26 September 2016
  
• From the section Business
  

 

 

UK is 'addicted to smartphones'

 

• 26 September 2016
  
• From the section Business
  
• comments
  

 

 

Monarch says flights operating as normal

 

• 26 September 2016
  
• From the section Business
  

 

 

 

 

 

Deutsche Bank shares hit new low

 

• 26 September 2016
  
• From the section Business
  

 

 

Mortgage approvals 'at 19-month low'

 

• 26 September 2016
  
• From the section Business
  

 

 

Aldi posts record sales but profits drop

 

• 26 September 2016
  
• From the section Business
  

 

 

China slowdown 'biggest economic risk'

 

• 26 September 2016
  
• From the section Business
  
• comments
  

 

 

Spain bank fraud trial for ex-IMF boss

 

• 26 September 2016
  
• From the section Europe
  

 

 

UK shares and pound end session lower

 

• 26 September 2016
  
• From the section Business
  

 

 

 

 

Also in the News

 

 

 

Anti-fracking leaflet 'misled public'

 

• 26 September 2016
  
• From the section Lancashire
  

 

 

 

 

Smoking Samsung phone found on flight

 

• 23 September 2016
  
• From the section Technology
  

 

 

 

 

Features & Analysis

 

 

 

Football's first lady

 

Fifa's most powerful woman in global football

 

• 26 September 2016
  
• From the section Business
  

 

 

 

 

 

Satellite dreams

 

Why India's commercial space programme is booming