The great interest rate rip off part 10

The UK Trade Policy Observatory said even a new customs deal would inevitably lead to considerable disruption relative to the current frictionless cross-border goods trade with the EU

Growth for final quarter of 2016 revised up to 0.7 per cent

Brexit: IoD advises preparing for worst as Juncker touts €60bn bill

As the Government prepares to trigger Article 50 of the Lisbon treaty, the posturing on both sides suggests that a bad outcome may result

Brexit uncertainty fails to dampen UK start-up ambitions

Coca-Cola announces recycling U-turn

Lloyds Bank is looking like a star again after 16-year nightmare

The bank has produced its best results in a decade. They’ll be better still if it can keep its nose clean and avoid City pressure to take more risks

Metro Bank closes in on first full-year profit

The first new retail UK retail bank in a century has sought to take away business from Lloyds, HSBC, Santander, Barclays and RBS

Asda, Yahoo, Eurozone: Business news in brief, Wednesday 22 February

Supermarket chain encouraged by turnaround signs; Tech firm resurrects Verizon megadeal; Single currency area growth surges to six-year high

Five major airlines told to pay compensation to passengers for delays

American, Etihad, Emirates, Singapore and Turkish Airlines have been told they must pay compensation to passengers for delays

London tube supplier unveils 'sophisticated criminal scheme' in Korea

ABB estimates that it will take a pre-tax charge of approximately $100m relating to the embezzlement and misappropriation of funds

Your £1 coin could be worth £50. Here's how to find out

Peugeot pledges to protect Vauxhall jobs after General Motors sale

Lloyds Bank profit more than doubles to £4.2bn

The bank revealed it had spent £2.1bn on conduct charges as it continues to deal with long-running scandals

The 20 toughest job interview questions in the UK

Glassdoor scoured hundreds of thousands of interview questions shared by candidates on the website over the past year

Hundreds of hotels not telling guests about poor food hygiene ratings

The Food Hygiene Ratings Scheme (FHRS) in England and the Food Hygiene Information Scheme (FHIS) in Scotland do not require hotels, B&Bs or guesthouses to publicly display ratings

Fathers face negative bias when applying for part-time work

An increasing number of fathers are working fewer hours to accommodate family life, but employers don’t seem to be keeping up

Women face £47,000 end of career pension shortfall, study warns

Sage bosses pay vote to test City's temperature on reform

UK faces 'cliff edge of uncertainty' after Brexit without interim deal

It will be impossible to agree full trade deal within the two-years available between triggering Article 50 and leaving the trading bloc, Institute of Directors says

Give BoE credit for avoiding post-Brexit vote crisis, says Carney

Governor says Bank’s actions should be recognised, amid criticism from Brexiteers

London faces more tube strikes as maintenance workers agree walkout

Superyacht temporarily seized in Gibraltar over unsettled bill of £13m

Public finances boosted in January by corporation tax receipts

The Chancellor is on course to hit his latest deficit reduction target set in November

Dulux, Direct Line, Vauxhall: Business news in brief, Tuesday 21 Feb

Paint maker announces £10.7m innovation hub; insurer sees less impact from personal injury; union fears grow over Peugeot deal

London Mayfair's cheapest house is on sale for just £500,000

TransferWise launches international money transfers via Facebook chat

Uber hires Obama’s attorney general to investigate harassment claims

‘What is driving me through all this is a determination that we take what’s happened as an opportunity to heal wounds of the past,’ Uber chief executive Travis Kalanick said

Saudi Arabia considering London for listing of oil giant Saudi Aramco

Saudi officials expect the IPO to value Saudi Aramco – which is easily the world’s biggest oil company – at a minimum of $2 trillion

Woman appointed as first female head of Saudi Arabia's stock exchange

About a third of the female population in Saudi Arabia is unemployed and women are still not allowed to drive

Expedia to double size of UK headquarters despite Brexit fears

Announcement comes amid concerns about recruitment of skilled workers if controls on immigration are significantly tightened

Global arms trade hits highest levels since the Cold War

The five biggest exporters - US, Russia, China, France and Germany - accounted for 74 per cent of the total volume of arms exports

interestrateripoff · February 22, 2017

How Trump Might Become a Workplace Disrupter

By CHARLES DUHIGG 12:25 PM ET

This administration, freed from the usual political debts to unions or Wall Street, has an unusual opportunity to remake American working life.

Andrew Burton for The New York Times

Workers at a solar energy site outside Cholame, Calif., in August. The internet has changed the way white-collar workers find jobs, but has not benefited blue-collar workers as much.

S&P 500 Holds Losses After Fed Minutes; Dow Hits Record High 11 minutes ago

Some Fed Members Back Quicker Move on Rates

By BINYAMIN APPELBAUM 55 minutes ago

The minutes of the central bank’s latest meeting show “many participants,” though not a majority, pushed to raise rates “fairly soon” if the economy keeps growing.

Unilever to Review Options After Takeover Bid Is Withdrawn

By CHAD BRAY 10:29 AM ET

The consumer goods company said it would seek to “accelerate delivery of value for the benefit of our shareholders” after Kraft Heinz backed away from a deal.

The Big ‘Brexit’ Winners? Lobbyists and Lawyers

By STEPHEN CASTLE

Advisers from both the Leave and Remain camps are lining up to guide business and the government on its exit from the European Union.

From Trump the Nationalist, a Trail of Global Trademarks

By DANNY HAKIM and SUI-LEE WEE

A review of foreign trademarks registered to President Trump’s companies gives clues to a globe-spanning strategy and potential conflicts of interest.

The Pruitt Emails: E.P.A. Chief Was Arm in Arm With Industry

By CORAL DAVENPORT and ERIC LIPTON 12:07 PM ET

Thousands of pages of emails show that Mr. Pruitt, as Oklahoma attorney general, worked closely with companies to battle environmental regulation.

interestrateripoff · February 22, 2017

Fed may raise rates 'fairly soon'

US central bank says it may need to increase the cost of borrowing sooner than expected.

From the section Business

Disability Works

'It's a lifestyle, not a job'

'Slow' progress on High Street access

Forced to retire at 48 with arthritis

The power of the 'purple pound'

Budget help promise over business rates

The government says it will make system "fairer" for businesses facing the steepest increases.

22 February 2017
From the section UK Politics
comments

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Owners told not to use tumble dryers

Owners of potentially lethal tumble dryers are given revised guidance by manufacturer Whirlpool.

22 February 2017
From the section Business

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'Insurance must cover self-drive crashes'

22 February 2017
From the section Technology

UK economy grows faster than thought

22 February 2017
From the section Business

New deal to 'boost trade by $1 trillion'

22 February 2017
From the section Business

Gig economy chiefs defend business model

22 February 2017
From the section Business

Lloyds reports highest profit in decade

22 February 2017
From the section Business
comments

Fewest Londoners moving home since 1991

22 February 2017
From the section Business

Military plane cost hits Airbus profits

22 February 2017
From the section Business

[problematic] 'taking control' of computers

22 February 2017
From the section Business

Church counts cost after account closed

22 February 2017
From the section Business

Also in the News

Driverless cars - no halfway house?

22 February 2017
From the section Technology
comments

Tyres 'major source' of ocean pollution

22 February 2017
From the section Science & Environment

Features & Analysis

Supermarket sourcing

Why don't they sell more British food?

22 February 2017
From the section Business
comments

Canada's Trump?

The reality TV star coming after Trudeau

22 February 2017
From the section US & Canada

Hens housed

Why are these stickers appearing on free range eggs?

21 February 2017
From the section UK

Textbook royal

Prince Harry says teachers need 'compassion'

22 February 2017
From the section Business

Accessing the world

The man championing the rights of wheelchair tourists

21 February 2017
From the section Business

Finding drugs faster

Speeding up the search for life-saving medicines

21 February 2017
From the section Business

Our Experts

Don’t trust experts? The Bank of England urges you to think again

Deputy governor, Minouche Shafik, says it's better to have a world based on “knowledge and informed debate” than one based on “ignorance and narrow-mindedness”.

22 February 2017

Kamal Ahmed Economics editor

Unilever stung into action by Kraft

Kraft Heinz's failed bid for Unilever has forced the Anglo-Dutch company to focus on the bottom line.

interestrateripoff · February 22, 2017

UK economy picks up in late 2016 but signs of Brexit hit appear

LONDON Britain's economy sped up at the end of 2016, data showed, but over the whole year it was weaker than previously thought and there were signs that the Brexit vote will increasingly act as a brake on growth in 2017.

7:41pm GMT

Unilever, Lloyds help FTSE edge higher

LONDON Britain's top share index edged up on Wednesday as Lloyds reported its highest annual profit in a decade and Unilever promised a far-reaching review.

5:22pm GMT

Lloyds hits 10-year profit high as new era beckons

LONDON Lloyds Banking Group signalled a complete recovery from the financial crisis on Wednesday with its highest full-year profit in a decade, boosting the British government's ambition to return it to full private ownership in the next few months.

2:24pm GMT

Oil falls 1.5 percent on worries over swelling U.S. stockpiles

NEW YORK Oil prices fell 1.5 percent on Wednesday on expectations of another surge in U.S. inventories, retreating from multi-week highs hit in the previous session after OPEC signalled optimism over its deal with other producers to curb output.

7:56pm GMT

Peugeot sets sales and savings goals for Opel deal - sources

LONDON/FRANKFURT/PARIS French carmaker PSA Group expects its planned acquisition of General Motors' Opel division to lead to combined sales of 5 million vehicles by 2022 and save as much as 2 billion euros (1.69 billion pounds) annually, sources said, adding that a deal could be finalised in early March.

7:48pm GMT

BoE says EU insurance rules need tweaks rather than overhaul

LONDON EU capital rules for insurers need some tweaks but are not a deterrent to investment in infrastructure as some insurers' claim, the Bank of England said on Wednesday.

6:17pm GMT

Unilever spurred into speedy value review by Kraft bid

LONDON Unilever sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz's $143 billion bid (115 billion pounds), with the promise of a swift, far-reaching review.

3:37pm GMT

Genmab's Darzalex could achieve peak annual sales of $9 billion - CEO

COPENHAGEN Danish biotech drugmaker Genmab's Darzalex, which is used to fight cancer in bone marrow and marketed by Johnson & Johnson , has the potential to achieve annual peak annual sales as high as $13 billion (10.46 billion pounds), its chief executive told Reuters.

7:34pm GMT

Many Fed policymakers said rate hike may come 'fairly soon' - minutes

WASHINGTON Many Federal Reserve policymakers said it may be appropriate to raise interest rates again "fairly soon" should jobs and inflation data come in line with expectations, according to the minutes of the Fed's last policy meeting released on Wednesday.

7:35pm GMT

British, Canadian regulators agree to assist fintechs

TORONTO British and Canadian regulators have signed an agreement to make it easier for financial technology companies to expand in each other's markets, they said on Wednesday.

interestrateripoff · February 22, 2017

UK online realtor Purplebricks seeks funding for U.S. launch

British online real estate agent Purplebricks Group Plc said it intended to raise funds through a share issue to expand into the United States.

6:40pm GMT

Greece needs debt restructuring, interest rate cuts - IMF's Lagarde

BERLIN Greece doesn't need a debt haircut at the moment, International Monetary Fund Chief Christine Lagarde said on Wednesday, adding that debt restructuring and interest rate cuts on bailout loans were necessary.

6:39pm GMT

Construction group Eiffage eyes further profit rise in 2017

PARIS Eiffage reported higher profits for 2016 on Wednesday, helped by cost control, a robust concessions business and an improvement in its construction business in the fourth quarter.

6:38pm GMT

Mnuchin told IMF U.S. wants to ensure financial stability-Lagarde

BERLIN U.S. Treasure Secretary Steven Mnuchin has reassured International Monetary Fund chief Christine Lagarde that he wants to work with the global lender and has expressed an interest in financial stability, the IMF boss said on Wednesday.

6:34pm GMT

Apple says new California headquarters to open in April

Apple's sprawling new campus, dubbed "Apple Park," will open in April, the iPhone maker said on Wednesday.

6:30pm GMT

Airbus seeks new European help over A400M costs

PARIS Airbus called on Wednesday for new talks with European governments to ease "heavy penalties" for delays to its A400M military aircraft, after taking a fresh 1.2 billion euro (£1 billion) charge for Europe's largest defence project.

6:24pm GMT

BoE says EU insurance rules need tweaks rather than overhaul

LONDON EU capital rules for insurers need some tweaks but are not a deterrent to investment in infrastructure as some insurers' claim, the Bank of England said on Wednesday.

6:17pm GMT

Kinnevik to sell down stake in Rocket Internet

BERLIN Swedish investment company Kinnevik said on Wednesday it is selling at least half of its 13 percent stake in German e-commerce investor Rocket Internet.

5:55pm GMT

WTO deal to cut red tape comes into force, promising global economy boost

GENEVA A global agreement to boost trade by cutting red tape and streamlining border checks came into force on Wednesday, promising a 0.5 percent lift to the world economy by 2030 even as it faces renewed protectionism from the United States.

interestrateripoff · February 22, 2017

Kinnevik to sell down stake in Rocket Internet

BERLIN Swedish investment company Kinnevik said on Wednesday it is selling at least half of its 13 percent stake in German e-commerce investor Rocket Internet.

5:55pm GMT

Flat European shares helped by positive earnings updates

LONDON European shares were steady at 14-month highs on Wednesday, supported by well-received earnings updates from companies such as Lloyds, Telefonica Deutschland and Scor.

5:50pm GMT

Citi mulls making Germany EU trading hub post Brexit

(This version of the story corrects FEB 21 story sourced to media report after bank says is thinking of making Germany a hub for sales and trading in the EU, not its European headquarters for investmen)

5:47pm GMT

Hungary central bank chief says major NATO ally tried to topple government

BUDAPEST A major NATO ally of Hungary's tried to topple the Hungarian government and the central bank in 2015 and the collapse of brokerage Quaestor the same year was part of that plot, National Bank of Hungary Governor Gyorgy Matolcsy said on Wednesday.

5:31pm GMT

May to speak to Peugeot CEO later on Wednesday - spokesman

LONDON Prime Minister Theresa May will speak to the head of French carmaker PSA Group Carlos Tavares later on Wednesday, May's spokesman said.

5:28pm GMT

PSA-Opel must address job concerns - French economy minister

PARIS PSA Group's proposed acquisition of Opel from General Motors offers benefits to all sides but the companies must address concerns about jobs, French Economy Minister Michel Sapin said on Wednesday.

5:28pm GMT

Unilever, Lloyds help FTSE edge higher

LONDON Britain's top share index edged up on Wednesday as Lloyds reported its highest annual profit in a decade and Unilever promised a far-reaching review.

5:22pm GMT

Non-OPEC compliance with oil supply curbs improving-OPEC sources

LONDON Eleven non-OPEC oil producers that joined a global deal to cut output to boost prices have delivered at least 60 percent of promised curbs so far, OPEC sources said on Wednesday, higher than initially estimated.

5:20pm GMT

BoE's Cunliffe says euro-denominated clearing should not be forced into euro zone

LONDON Bank of England Deputy Governor Jon Cunliffe warned on Wednesday that requiring financial instruments to be cleared in a country that uses the currency in which they are denominated would bump up costs and splinter markets.

5:19pm GMT

Move back to franc could trigger French default warns S&P

LONDON A move by France to pay its debt into a new version of the franc would result in a default rating, S&P Global said on Wednesday, though continuing to pay bondholders in euros could see it avoid that label.

interestrateripoff · February 22, 2017

Italy sees deal with EU over Monte dei Paschi in a few weeks

MILAN Italy expects to clinch a deal with European authorities over a state bailout of loss-making bank Monte dei Paschi di Siena in a few weeks, top Treasury official Fabrizio Pagani said on Wednesday.

5:12pm GMT

Switzerland's ABB hit by $100 million South Korean fraud

ZURICH Swiss engineering group ABB fell victim to a "sophisticated criminal scheme" at its South Korean subsidiary, it said on Wednesday, with the chief suspect an executive responsible for ethics training.

5:05pm GMT

Germany's Schaeuble warns against rolling back bank regulations

PARIS International bank regulations must be further strengthened and it would be a mistake to water down post-crisis reforms, German Finance Minister Wolfgang Schaeuble said on Wednesday.

5:03pm GMT

ETFs could be making trading EM stocks cheaper - Greenwich

LONDON The premium that institutional investors pay to trade emerging markets stocks rather than their peers in developed countries narrowed markedly in 2016, a Greenwich Associates survey showed on Wednesday.

5:01pm GMT

EU regulators set to clear Dow, DuPont deal - sources

BRUSSELS Dow Chemical and DuPont are set to win EU antitrust approval for their $130 billion (104 billion pound) merger, two people familiar with the matter said on Wednesday, one of three mega deals in the agrochemicals industry.

4:58pm GMT

Global stocks ease after records, dollar gains

NEW YORK Global stocks pulled back from record highs on Wednesday while the dollar rose ahead of minutes from the U.S. Federal Reserve's January policy meeting, which could offer clues about the next interest rate rise.

4:42pm GMT

Bad loans, rate cap cuts Barclays Bank of Kenya's 2016 profit

NAIROBI Barclays Bank of Kenya will focus on growing its non-interest income after a jump in bad debts and a government cap on lending rates cut its 2016 pretax profit by 10 percent, it said on Wednesday.

4:31pm GMT

German lawmakers call for inquiry into VW compliance chief exit

BERLIN Lawmakers from Volkswagen's home region called on Wednesday for an inquiry into the sudden departure of the German carmaker's compliance chief last month, saying they were concerned the supervisory board was not overseeing the business effectively.

4:10pm GMT

German firm buys 25 percent stake in South Africa's Murray and Roberts

JOHANNESBURG Germany's ATM Holding has bought a 25 percent shareholding in engineering and construction group Murray and Roberts (M&R) , the South African firm said on Wednesday before posting a 70 percent drop in profit.

3:57pm GMT

Unilever spurred into speedy value review by Kraft bid

LONDON Unilever sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz's $143 billion bid (115 billion pounds), with the promise of a swift, far-reaching review.

interestrateripoff · February 26, 2017

Mnuchin: Trump will not cut social security and Medicare 'entitlements'

Published: 7:43 PM
Mnuchin: Trump will not cut social security and Medicare 'entitlements'
The United States Postal Service isn’t ‘in decline’ – far from it

Published: 7:12 PM
The United States Postal Service isn’t ‘in decline’ – far from it
Economics viewpoint When will Britons get a pay rise?

Phillip Inman

Published: 3:05 PM
When will Britons get a pay rise?

- The new bottom line How drones are helping design the solar power plants of the future
  
  Published: 2:00 PM
  How drones are helping design the solar power plants of the future
- Quids in: why it’s time to get rid of your £1 coins
  
  Published: 11:40 AM
  Quids in: why it’s time to get rid of your £1 coins
- Jamal Edwards: YouTube's grime reaper
  
  Published: 8:05 AM
  Jamal Edwards: YouTube's grime reaper
- Business leader Windfarms aren’t the real reason energy bills are rising. Blame the free market
  
  Published: 7:00 AM
  Windfarms aren’t the real reason energy bills are rising. Blame the free market
- William Keegan's In My View Brexit is a Whitehall farce that threatens the heart of Europe
  
  Published: 7:00 AM
  Brexit is a Whitehall farce that threatens the heart of Europe
- Britain’s new wave of militant grocers
  
  Published: 6:00 AM
  Britain’s new wave of militant grocers
[*]

Vast losses at RBS are a legacy of a failed system

Will Hutton

interestrateripoff · February 26, 2017

Grogonomics Sundays aren't so special – according to the Fair Work Commission

Greg Jericho

Published: 9:00 PM

Sundays aren't so special – according to the Fair Work Commission
Hi-tech financial firms flee UK amid doubts over Brexit

Published: 8:54 PM
Hi-tech financial firms flee UK amid doubts over Brexit
Warren Buffett, 'Oracle of Omaha', criticises Wall Street and praises immigrants

Published: 5:03 PM
Warren Buffett, 'Oracle of Omaha', criticises Wall Street and praises immigrants
The Bank of England fears it may not spot the next crisis. Here’s where to look

Published: 4:00 PM
The Bank of England fears it may not spot the next crisis. Here’s where to look

interestrateripoff · February 26, 2017

Will the Real Democracy Lovers Please Stand Up?

By JIM RUTENBERG

It’s time for other Republicans to take a stand: The journalism that Mr. Trump and his aides seek to delegitimize today could be the legitimate research they need to use tomorrow.

Yuri Gripas/Reuters

Journalists in the White House briefing room in Washington on Friday.

For Marketers, TV Sets Are an Invaluable Pair of Eyes

By SAPNA MAHESHWARI

Several companies, eager to help brands more efficiently spend advertising money, use devices to track viewing habits in surprisingly granular detail.

Popularity of Sony’s PlayStation VR Surprises Even the Company

By NICK WINGFIELD 10:00 AM ET

Executives at Sony were cautious about the virtual reality headsets, but after four months of robust sales, the skeptics are converting.

The Anti-Trump Activist Taking On Retailers

By RACHEL ABRAMS

Putting together a list of companies selling Trump products has transformed Shannon Coulter’s life, and not always for the better.

Amazon Deforestation, Once Tamed, Comes Roaring Back

By HIROKO TABUCHI, CLAIRE RIGBY and JEREMY WHITE

A decade after the “Save the Rainforest” movement captured the world’s imagination, Cargill and other food giants are pushing deeper into the wilderness.

In Global Expansion, Netflix Makes Friends With Carriers

By MARK SCOTT 44 minutes ago

The online streaming service is building relationships with cable and cellphone operators worldwide in its bid to expand internationally.

Warren Buffett, in Annual Letter, Offers Hymn to U.S. Economy

By LANDON THOMAS Jr.

The billionaire investor’s optimistic tone contrasts with President Trump’s darker descriptions. Mr. Buffett also gave credit to “ambitious immigrants.”

Trump Ruled the Tabloid Media. Washington Is a Different Story.

By GLENN THRUSH and MICHAEL M. GRYNBAUM

Donald J. Trump was no stranger back in the day to the art of news management. But even that did not seem to prepare him for the capital press corps.

Trump Plans to Skip White House Correspondents’ Association Dinner

By MICHAEL M. GRYNBAUM

The president said on Twitter that he would not attend the April 29 event, which has become a staple of the Washington social calendar.

For Commerce Pick Wilbur Ross, ‘Inherently Bad’ Deals Paid Off

By AZAM AHMED and ELISABETH MALKIN

Mr. Ross, who amassed a fortune with help from trade deals like Nafta, has vowed to tear up those deals if confirmed as commerce secretary.

VW Executive Charged in Emissions Case Says He Was a Bit Player

By JACK EWING

Lawyers for Oliver Schmidt, accused of misleading U.S. regulators about diesel admissions, say he was a largely unwitting accomplice.

Andy Weir’s Best Seller ‘The Martian’ Gets a Classroom-Friendly Makeover

By ALEXANDRA ALTER

Science teachers are using a new edition of “The Martian” to teach physics, astronomy and chemistry. It’s the same story — minus the profanity.

Inside Uber’s Aggressive, Unrestrained Workplace Culture

By MIKE ISAAC

A former employee’s blog post has raised questions about the limits of meritocracy at Uber and how much executives knew about the treatment of employees.

416 Comments

Western China Region Aims to Track People by Requiring Car Navigation

By EDWARD WONG

Drivers are being ordered to install a GPS-like system in China’s largest prefecture, in Xinjiang, a far western region where ethnic tensions sometimes turn violent.

Why Being Donald Trump Jr., the Businessman, Won’t Be Easy

By BARRY MEIER and MATTHEW GOLDSTEIN

A photo of the president's son and three others at the Trump SoHo hotel in 2010 provides a peek at some of his past associates, how they interacted with him and what they are doing today.

Snapchat Founders’ Grip Tightened After a Spat With an Early Investor

By KATIE BENNER

A big question about the I.P.O. of Snap is why its creators retain such outsize voting control. The answer lies in their history with a venture capital firm.

Trump Intensifies His Attacks on Journalists and Condemns F.B.I. ‘Leakers’

By JULIE HIRSCHFELD DAVIS and MICHAEL M. GRYNBAUM

Reporters from The Times and other outlets were not allowed to enter the office of the press secretary, Sean Spicer, in an unusual breach of protocol.

8357 Comments

China Names Guo Shuqing, a Rapid-Fire Regulator, to Oversee Troubled Banks

By KEITH BRADSHER

The appointment of the respected official could signal Beijing’s desire to address deep financial problems holding back the Chinese economy.

interestrateripoff · February 26, 2017

Warren Buffett avoids politics in his annual letter to shareholders

Billionaire has previously been an outspoken critic of Donald Trump

No debt relief for Greece, says German deputy finance minister

The pound is the 'most undervalued currency in the world'

Analysts at US bank Morgan Stanley say the risk of the UK leaving the EU without a trade deal has already been priced in by markets

Price of UK stamps are set to rise next month

Uber investors attack company over ‘bullying and lack of diversity’

William Hill's blushes saved by mug punters

The bookie says it is making progress, but if that’s the case why can’t it find a CEO?

Tesco stops customers purchasing £200-worth of food for the homeless

Shoppers trying to purchase tinned food for charity told they were 'buying too much'

UK businesses already facing recruitment crisis as Poles head home

Many industries are already struggling to find staff in a worrying sign of what might be to come

The woman who helped create Bumble launches app to connect lonely mums

Michelle Kennedy created an algorithm to match mothers with similar interests and experiences

RBS: Banking's big ugly is bathed in red ink again

Finding positives in its results is like finding your tickets to a panto have survived your house burning down

Private schools 'should have to pay tax', says Michael Gove

Japan encourages workers to leave work early

People spend one billion minutes a month on Rightmove

The UK property market remains fiercely competitive despite a slight slowdown in certain areas in the wake of last year’s Brexit vote

Google's parent company suing Uber for 'stealing its technology'

The lawsuit puts both companies in an awkward position as Google Ventures, another Alphabet subsidiary

May and Carney urged to halt London Stock Exchange merger

Among the 40 signatories of the letter are Peter Cruddas, the chief executive of CMC Markets and former Tory treasurer

Government-backed RBS reports almost £7bn loss for 2016

It is the bank’s ninth successive year of losses

What the middle class doesn't understand about rich people

9 companies in the UK that offer employees unlimited time off

London house prices rise at slowest pace in four years

Year-on-year house price growth in London was running at 6.4 per cent in January, the lowest level recorded since June 2013, according to Hometrack

Insurers pledge to pass on whiplash savings. They must be held to that

The Government is pressing ahead with what has been described as a crackdown, and insurers have again issued promises to pass on savings. But already there are signs of backsliding

John Lewis is cutting nearly 400 jobs

Warren Buffett could be about to buy an entire airline

Half of UK’s curry houses could shut over the next decade

Britain’s move to a 'clean-eating' regime has left many curry houses stuck in the 90s, when they were the go-to diners after pubs closed for the night

Amazon argues AI assistant Alexa has free speech rights in murder case

'Modern "smart" electronic devices contain a multitude of data that can "reveal much more in combination than any isolated record"'

Brit arrested in connection with Deutsche Telekom cyber-attack

Energy market still a mess, despite what British Gas says

The chart that shows UK is no longer fastest growing G7 economy

Germany's economy grew by 1.9 per cent in 2016, but the UK has been revised down to 1.8 per cent

Uber 'deeply hurting' after sexual harassment claims

'What she describes is abhorrent and against everything Uber stands for and believes in'

UK government cuts stake in Lloyds to below 4 per cent

Bank, which was rescued with a £20.5bn taxpayer bailout, is close to a complete recovery from crisis-era past after more than doubling profits last year

Brexit could lead to 'complete breakdown' between UK and EU

David Wright spent more than 30 years at the heart EU's executive arm in Brussels, working with commissioners such as Leon Brittan and Michel Barnier, the EU's chief Brexit negotiator

Peugeot owner in talks to buy Vauxhall unveils first dividend in years

The company's CFO said that all the cash that it has equips it to make "profitable investments in the interest of our shareholders"

interestrateripoff · February 26, 2017

Nokia 3310 mobile phone resurrected

An iconic Nokia phone is revamped with added battery life and new features alongside several Nokia-branded Android models.

26 February 2017
From the section Technology

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One-armed DJ's passion for music

Getting a grip on disability

'I'm just as glamorous as them'

The ex-trader turning disabilities into profits

Buffett upbeat on US business growth

Billionaire investor Warren Buffett backs US businesses to continue to create "mind-boggling" wealth.

26 February 2017
From the section Business

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Barclays apology over cash machine fault

The bank says it has now fixed problems with cash machines, in-store payments and phone banking.

25 February 2017
From the section Business

UK government funding boost for robotics

26 February 2017
From the section Technology

VW cracks down on pay after 'dieselgate'

24 February 2017
From the section Business

Google brings Assistant to Android phones

26 February 2017
From the section Technology

HMRC criticised over film tax probes

25 February 2017
From the section Business

RBS losses more than treble to £7bn

24 February 2017
From the section Business
comments

Price of stamps to rise next month

24 February 2017
From the section Business
comments

Victims sold wrong annuities get redress

24 February 2017
From the section Business

PSA 'reassures over Vauxhall pensions'

24 February 2017
From the section Business

BA cabin crew to stage more strikes

24 February 2017
From the section Business

Also in the News

Trucks to be tracked from Mombasa port

24 February 2017
From the section Africa

Tech Tent: Making tech for everyone

24 February 2017
From the section Technology

Features & Analysis

Smart vision

'Robbed of sight, I want to help the blind see'

26 February 2017
From the section Business

'The pips are squeaking!'

How six shopkeepers feel about business rates

24 February 2017
From the section Business

Austerity anguish

Bleak mood in Greece as debt crisis rolls on

26 February 2017
From the section Europe

Don’t be a dinosaur

Why you may never be able to leave school

24 February 2017
From the section Business

Searching for Genghis

Some of the surprising uses of satellite imagery

24 February 2017
From the section Business

Rate debate

Why Australian baristas are set to earn less

24 February 2017
From the section Australia

Our Experts

Don’t trust experts? Bank of England urges you to think again

Deputy governor, Minouche Shafik, says it's better to have a world based on “knowledge and informed debate” than one based on “ignorance and narrow-mindedness”.

22 February 2017

Kamal Ahmed Economics editor

Why is RBS still losing money?

A lost decade: watching RBS develop has not been a very rewarding experience - for anyone.

interestrateripoff · February 27, 2017

The Guardian view on management consultants: the trick is confidence

Published: 8:21 PM
The Guardian view on management consultants: the trick is confidence
High energy bills here to stay but jobs heading overseas, industry group warns

Published: 7:37 PM
High energy bills here to stay but jobs heading overseas, industry group warns
Nils Pratley on finance Bids for London Stock Exchange must be blocked until after Brexit

Published: 7:32 PM

Bids for London Stock Exchange must be blocked until after Brexit

[*]

interestrateripoff · February 27, 2017

Wall Street Treads Water Ahead of Trump's Tuesday Speech 11:39 AM ET

Automakers Knew of Takata Airbag Hazard for Years, Suit Says

By HIROKO TABUCHI 1:28 PM ET

Plaintiffs in a class action say internal documents from at least four automakers show that they continued to use the flawed airbags to save on costs.

What It Was Like Onstage During the Oscars 2017 Best Picture Mistake

By CARA BUCKLEY and BROOKS BARNES

“I’m holding the envelope and the award, and I had just given my speech, and there are people on the stage with headsets, and I thought, ‘That doesn’t seem right.’”

Coal Industry Casts Itself as a Clean Energy Player

By CLIFFORD KRAUSS 12:03 PM ET

Companies are joining with environmental groups to lobby for expanded subsidies to encourage technologies to reduce carbon emissions from coal plants.

124 Comments

To Keep U.S. Jobs, Chip Makers Share a Factory and Pin Hopes on Trump

By VINDU GOEL

Computer chips are still made in the United States, but foreign competition is looming. The industry wants President Trump to help.

Advertising

Celebrity Endorsers Turn Political, and Keep Their Deals

By ZACH SCHONBRUN

Stephen Curry’s critical response to comments by the Under Armour chief executive about President Trump shows how the balance of commercial power has changed.

After 130 Years, Harvard Law Review Elects a Black Woman President

By KATHARINE Q. SEELYE 11:17 AM ET

Following in President Barack Obama’s footsteps, ImeIme Umana says she is mindful of many black women’s “tragic” relationship with the law.

Popularity of Sony’s PlayStation VR Surprises Even the Company

By NICK WINGFIELD

Executives at Sony were cautious about the virtual reality headsets, but after four months of robust sales, the skeptics are converting.

The Anti-Trump Activist Taking On Retailers

By RACHEL ABRAMS

Putting together a list of companies selling Trump products has transformed Shannon Coulter’s life, and not always for the better.

Deadly, Drug-Resistant ‘Superbugs’ Pose Huge Threat, W.H.O. Says

By DONALD G. McNEIL Jr. 11:12 AM ET

The World Health Organization ranked the deadliest pathogens and urged experts and researchers to focus on fighting the most dangerous ones first.

Protesters Gather to Support the Press, From Fox News to The New York Times

By SARAH MASLIN NIR

A group marched to the offices of The Times, Fox News, The Wall Street Journal and NBC News to champion press freedom for all organizations, regardless of political leaning.

Former Antitrust Chief Joins Sullivan & Cromwell

By ELIZABETH OLSON 12:30 PM ET

Renata B. Hesse will be a partner in the Wall Street law firm’s Washington office.

Sotheby’s Sales Up in Fourth Quarter but Down for the Year

By ROBIN POGREBIN 10:38 AM ET

The auction house’s annual figures reflect a softening in the market that the company has been trying to counter by diversifying its business.

interestrateripoff · February 27, 2017

London Stock Exchange warns Deutsche Börse merger likely to be blocked

The LSE said that it would continue to seek steps to try and allow the deal to go ahead

Donald Trump attacks on New York Times have sent subscriptions soaring

Car insurance to rise £75? Don't believe the hype

After hailing whiplash reforms, the industry is now bleating about measures that will help other victims to deservedly get better settlements

New rules on 'crack cocaine betting machines will cost 20,000 jobs'

Super rich foreign buyers are bargain-hunting for London's homes

UK insurance stocks slide on new rules on personal injury claims

The Ministry of Justice is cutting the discount rate used to calculate lump sum payouts to minus 0.75 per cent, from 2.5 per cent, a much bigger cut than expected

Why the LSE-Börse merger has been destined to fail for months

European regulators appear to have torpedoed the merger of the continent’s two biggest exchanges

Six biggest lunchtime taboos in the workplace

Earlier this month, Lloyd’s of London, the insurance market, slapped a ban on its employees drinking alcohol during the working day

Britons stand to lose £1.1bn of loose change hoarded in piggybanks

The new 12-sided coin will come into circulation across the UK next month, and shops have been asked to stop accepting round pound coins on 15 October

British workers have one of the worst pay deals in the world

The findings are further evidence that real incomes are set to be squeezed this year

May's post-Brexit plan for economy 'would not come close' to working

UK 'more valuable for growth despite Brexit concerns'

No debt relief for Greece, says German deputy finance minister

Fear of sending wrong signal to countries such as Spain among reasons for Germany’s strict line on Athens

interestrateripoff · February 27, 2017

Car insurance 'set to soar' after ruling

Insurers say changes to the calculation of compensation payments for accident victims are "crazy".

27 February 2017
From the section Business

Related content

Tesco plans to cut 1,700 managerial jobs

Deputy managers at the chain's Express convenience stores will be replaced by "shift leaders".

27 February 2017
From the section Business

Related content

Live Business Live: US shares gyrate

Donald Trump details spending plans, Tesco demotes staff, Waterstones defends indy look

From the section Business

Waterstones under fire for secret shops

27 February 2017
From the section Business
comments

Insurers shocked by compensation decision

27 February 2017
From the section Business

Fairtrade campaigners fear Brexit impact

27 February 2017
From the section Business

Threat to London Stock Exchange merger

27 February 2017
From the section Business

Primark still in fashion for UK shoppers

27 February 2017
From the section Business

Bundesbank plays down Brexit 'punishment'

27 February 2017
From the section Business
comments

FTSE rises despite slide in insurers

27 February 2017
From the section Business

Business rates 'a ticking time bomb'

27 February 2017
From the section Business
comments

Housebuilder helped by 'confident' market

27 February 2017
From the section Business

Also in the News

Sony launches super-slow-motion phone

27 February 2017
From the section Technology

Nokia 3310 mobile phone resurrected

26 February 2017
From the section Technology

Features & Analysis

Love your job

How to avoid a mid-career crisis

27 February 2017
From the section Business

Innovation, Ikea style

How the Billy bookcase took over the world

27 February 2017
From the section Business

'I never felt it was mine'

The multi-millionaire who is giving his business away

27 February 2017
From the section Business

Smart vision

'Robbed of sight, I want to help the blind see'

26 February 2017
From the section Business

'The pips are squeaking!'

How six shopkeepers feel about business rates

24 February 2017
From the section Business

Austerity anguish

Bleak mood in Greece as debt crisis rolls on

26 February 2017
From the section Europe

Our Experts

India says UK free trade deal will take years

India's finance minister warns formal talks will only start once the Brexit process is finished.

27 February 2017

Kamal Ahmed Economics editor

The LSE-Deutsche Boerse deal looks dead: Who killed it and why?

Why has the European Commission pulled the rug from underneath the merger of two European stock exchanges?

interestrateripoff · February 27, 2017

Britons face surge in motor insurance premiums after rule change

LONDON Britons will have to pay much more for motor insurance after the government announced new rules on Monday that will push up lump sum payments for personal injury claims.

5:42pm GMT

Global stocks up slightly, U.S. dollar flat before Trump speech

NEW YORK Wall Street rose slightly on Monday and U.S. Treasury yields were higher as investors held their breath a day ahead of a key speech by U.S. President Donald Trump.

8:17pm GMT

LSE scuppers Deutsche Boerse merger hopes by rejecting EU demand

LONDON/FRANKFURT The London Stock Exchange has all but ended a planned merger with Deutsche Boerse to create Europe's biggest exchange, which had faced growing opposition since Britain's vote to leave the European Union.

5:40pm GMT

As Brexit talks loom, EU to dodge early clearing clash

BRUSSELS The European Union will not pick an immediate fight with the City of London over its right to clear euro-denominated securities, EU officials said on Monday, as Britain prepares to trigger the process of quitting the bloc.

5:50pm GMT

No AT&T-Time Warner merger review expected - U.S. regulator's chairman

WASHINGTON The head of the U.S. Federal Communications Commission does not expect to review AT&T Inc's planned $85.4 billion acquisition of Time Warner Inc, a spokesman for the agency said on Monday.

7:36pm GMT

UK consumer morale dips as inflation pinches households - GfK

LONDON British consumer morale edged lower in February as rising inflation following last year's Brexit vote made householders warier about the outlook for their finances, a survey showed on Monday.

7:29pm GMT

Daimler picks U.S. executive to lead global trucks operations

BERLIN Daimler has picked the head of its North American trucks division to run group-wide truck operations, it said on Monday, avoiding a lengthy search for a successor to departed chief Wolfgang Bernhard.

6:56pm GMT

J&J says kept drug price increases below 10 percent since 2012

NEW YORK Johnson & Johnson on Monday said the average list price of its drugs rose less than 10 percent each year since 2012, noting that the net price paid for the drugs, which includes discounts and rebates, was significantly lower.

7:33pm GMT

Fed may need to raise interest rates in 'near future' - Kaplan

NORMAN, Okla. The U.S. Federal Reserve might need to raise interest rates in the near future to avoid falling behind the curve on inflation, Dallas Fed President Robert Kaplan said on Monday.

6:03pm GMT

Ireland looks to LNG, France supply line in 'post-Brexit era' - minister

BRUSSELS Plans to ease Ireland's near total dependence on energy imports via Britain have shot to the top of the agenda, the nation's energy minister said on Monday, as it grapples with the risk of how Brexit could alter ties with its key partner.

interestrateripoff · February 27, 2017

Brexit means Germany will have to pay more into EU budget - Oettinger

BERLIN Germany and other net contributors to the joint European Union budget will have to pay out more once Britain leaves the bloc, European Commissioner Guenther Oettinger said in comments published on Monday.

6:42pm GMT

U.S. judge dismisses case against Wal-Mart over Mexico bribery

Wal-Mart Stores Inc on Monday won the dismissal of a U.S. lawsuit accusing the world's largest retailer of defrauding shareholders in its Wal-Mart de Mexico unit by concealing its suspected bribery of public officials in Mexico.

6:32pm GMT

Buffett's Berkshire more than doubled its stake in Apple - CNBC

NEW YORK Billionaire investor Warren Buffett told CNBC on Monday his conglomerate Berkshire Hathaway Inc had more than doubled its stake in Apple Inc. since the end of 2016, making it one of Berkshire's biggest equity holdings, and that U.S. stocks overall were not in "bubble territory."

6:15pm GMT

Ireland looks to LNG, France supply line in 'post-Brexit era' - minister

BRUSSELS Plans to ease Ireland's near total dependence on energy imports via Britain have shot to the top of the agenda, the nation's energy minister said on Monday, as it grapples with the risk of how Brexit could alter ties with its key partner.

6:13pm GMT

All participating countries committed to oil output deal, says OPEC Sec-Gen

ABUJA OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, the cartel's secretary-general, Mohammed Barkindo, said on Monday.

6:12pm GMT

Airbus appoints new manager for troubled A400M project

PARIS Airbus said on Monday it had appointed a new head of its troubled A400M airlifter project as well as a deputy leader of its broader military aircraft business, confirming an earlier Reuters report.

6:09pm GMT

Tesla deepens recent losses after Goldman recommends selling

SAN FRANCISCO Shares of Tesla dropped on Monday after a downgrade by Goldman Sachs, bringing the electric carmaker's decline to 11 percent since its quarterly report last week stoked worries about how much cash it is using to launch its Model 3 sedan.

6:06pm GMT

Fed may need to raise interest rates in 'near future' - Kaplan

NORMAN, Okla. The U.S. Federal Reserve might need to raise interest rates in the near future to avoid falling behind the curve on inflation, Dallas Fed President Robert Kaplan said on Monday.

6:03pm GMT

HKEx profit slides on weak trading volumes

HONG KONG (Reuters) Hong Kong's stock exchange operator said on Monday its 2016 net profit fell 27% due to a decline in fees generated by stocks and metals trading on the bourse as it struggled to match stellar volumes seen during 2015's record rally.

5:58pm GMT

As Brexit talks loom, EU to dodge early clearing clash

BRUSSELS The European Union will not pick an immediate fight with the City of London over its right to clear euro-denominated securities, EU officials said on Monday, as Britain prepares to trigger the process of quitting the bloc.

interestrateripoff · February 27, 2017

Self-driving Nissan car takes to Europe's streets for first time

LONDON Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company's first European tests of an autonomous vehicle.

5:47pm GMT

Britons face surge in motor insurance premiums after rule change

LONDON Britons will have to pay much more for motor insurance after the government announced new rules on Monday that will push up lump sum payments for personal injury claims.

5:42pm GMT

LSE scuppers Deutsche Boerse merger hopes by rejecting EU demand

LONDON/FRANKFURT The London Stock Exchange has all but ended a planned merger with Deutsche Boerse to create Europe's biggest exchange, which had faced growing opposition since Britain's vote to leave the European Union.

5:40pm GMT

French 10-year bond yields hit one-month lows as political jitters ease

LONDON French 10-year bond yields fell to a one-month low on Monday, tightening the gap with German peers on further signs that centrist candidate Emmanuel Macron is the clear favourite in France's closely-watched presidential election.

5:34pm GMT

Brexit could count against UK as base for electric Mini - source

FRANKFURT Uncertainty about post-Brexit tariffs makes it harder for BMW to choose Britain as a production hub for an electric Mini, a person familiar with the matter said on Monday.

5:34pm GMT

European shares ease on weaker insurance sector, Italian stocks surge

MILAN European shares ticked lower on Monday, weighed down by losses among insurance stocks, while exchange operators slipped on expectations that the merger between London Stock Exchange and Deutsche Boerse will fail.

5:33pm GMT

Phonemakers pile in to exploit Samsung weakness

BARCELONA Phonemakers are piling in to fill a gap in the market left by Samsung, still licking its wounds from a costly recall of its flagship Note 7 and with no key device of its own to launch at the telecom industry's biggest annual fair.

5:32pm GMT

U.S. core capital goods orders fall; manufacturing recovery intact

WASHINGTON New orders for key U.S.-made capital goods unexpectedly fell in January after three straight months of strong gains, but did little to change views that manufacturing was recovering from a prolonged downturn amid rising commodity prices.

5:31pm GMT

Bailout inspectors back in Athens on Tuesday to resume review talks

ATHENS Bailout inspectors will resume talks with the government on Tuesday to try to complete a review of the country's compliance with agreed reforms that has dragged on for months, the finance ministry said on Monday.

5:29pm GMT

Atlanta Fed raises U.S. first-quarter GDP growth view to 2.5 percent

NEW YORK The U.S. economy is on track to grow at a 2.5 percent annualised pace in the first quarter following the latest data on home sales released last week, the Atlanta Federal Reserve's GDP Now forecast model showed on Monday.

interestrateripoff · February 27, 2017

Buffett says no backup deal for Kraft after Unilever snub - CNBC

LONDON U.S. food company Kraft Heinz is not targeting any other large deals for now after being snubbed by Unilever because valuations in the sector are too high, major shareholder Warren Buffett told CNBC news on Monday.

5:24pm GMT

Fed's Kaplan repeats that rate hike should be sooner than later

NORMAN, Okla. Dallas Federal Reserve Bank President Robert Kaplan on Monday repeated his view that it would be prudent for the U.S. central bank to raise interest rates sooner rather than later.

5:13pm GMT

FTSE ends higher on some positive earnings, insurers slip

LONDON Britain's top share index closed slightly higher on Monday, helped by earnings updates and weak sterling, although motor insurers were hit by a regulatory change that could lead to higher payouts.

5:13pm GMT

Airbus faces battle on two fronts over call for A400M aid

PARIS Airbus faces tough negotiations on two fronts as it seeks new relief from European governments and engine makers for losses on its troubled A400M military transporter plane.

4:39pm GMT

LSE had doubts over Deutsche Boerse CEO leading merged firm - sources

FRANKFURT The London Stock Exchange (LSE) had doubts about the suitability of Deutsche Boerse CEO Carsten Kengeter to lead a combined company after insider trading allegations were made against him, two sources familiar with the matter said on Monday.

4:33pm GMT

Iran describes OPEC compliance with oil cuts as 'acceptable'

DUBAI OPEC's level of compliance with production cuts in January has been acceptable, Iran's oil minister said on Monday, expressing hope for further cooperation from non-OPEC members in the near future.

4:30pm GMT

HSBC gags some analysts on politics as banks clam up

LONDON Major banks are clamping down on market analysts talking publicly about politics for fear of appearing to take sides, with HSBC taking its main global currencies commentator off air in an intensification of the crackdown.

4:29pm GMT

G20 need to redouble efforts to boost financial market regulation - German government

HAMBURG The governments of the G20 leading economies must increase their efforts to strengthen financial market regulation, a German government spokesman said on Monday.

4:20pm GMT

FX industry heavyweights back new compression services

LONDON Broker Tradition was the second of Europe's big market infrastructure players in a week to unveil new arms to a "compression" service on Monday, aiming to unclog bank balance sheets so they can back more trade in a credit-starved global currency market.

4:02pm GMT

VW's Seat sees strong 2017 sales after jump in first two months

BERLIN Volkswagen's long-struggling Spanish division Seat expects strong sales this year after deliveries grew by double-digit percentages in the first two months thanks to new models and demand from southern Europe, its chief executive said.

interestrateripoff · February 27, 2017

Goldman's new London office set for occupancy in 2019

Goldman Sachs Group Inc is building a 1.1 million square foot office in London with initial occupancy slated for 2019, it said in a regulatory filing on Monday, even as global banks grapple with risks around Brexit.

3:52pm GMT

Shareholders want miner Freeport to get tough with Indonesia - CEO

HOLLYWOOD, Fla. Shareholders are pressuring miner Freeport-McMoRan Inc to stand up to the Indonesian government over changes the southeast Asian country wants to make in the U.S. miner's contract, Freeport's chief executive officer said on Monday.

3:32pm GMT

Russia's Lukoil hopes to secure deal on two Iranian oilfields in April

SOCHI, Russia Russia's No. 2 oil producer Lukoil hopes to reach a deal to develop two oilfields in Iran in April, Chief Executive Vagit Alekperov said on Monday.

3:20pm GMT

U.S. pending home sales fall to lowest level in a year

WASHINGTON Contracts to buy previously owned U.S. homes dropped in January on a shortage of inventory in the Midwest and West regions, the National Association of Realtors said on Monday.

3:14pm GMT

Apple and SAP to release tool to build business apps

Apple Inc and German software maker SAP SE will release a tool aimed at helping developers build iPhone apps for big businesses, the two companies said on Monday.

3:12pm GMT

Deutsche Telekom has no plans to sell European businesses

BARCELONA, Spain Deutsche Telekom has no current plans to sell any of its European operations, its chief executive told the Mobile World Congress industry fair on Monday.

2:48pm GMT

China warns soccer investors, don't break rules on capital outflows

BEIJING Private Chinese investors are welcome to help develop the sports industry but must follow the country's rules on moving capital overseas, the sports ministry said on Monday, following a splurge on foreign soccer clubs by local buyers.

2:47pm GMT

Total in talks to buy Iranian LNG project - sources

MILAN/PARIS Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.

2:32pm GMT

China to open further to foreign investment this year, commerce minister says

BEIJING China will further open up its economy to foreign investors, new commerce minister Zhong Shan said on Monday, and he hopes foreign companies will play a bigger role in boosting China's slowing economy, according to Xinhua, the official news agency. The Chinese government has been looking to increase foreign investment after outbound investment surpassed inbound funding last year for the first time.

2:30pm GMT

Euro zone economy - real recovery or another Sirens' song?

LONDON Over the years, euro zone economic growth has been a bit like the Sirens in Homer's Odyssey: singing a song of promise, only to end up pulling you onto the rocks. Will it be different this time?

interestrateripoff · February 28, 2017

Dyson shrugs off Brexit fears with massive UK expansion plan

Published: 8:19 PM
Dyson shrugs off Brexit fears with massive UK expansion plan
Rupert Murdoch’s Sky bid could soon face UK investigation

Published: 8:16 PM
Rupert Murdoch’s Sky bid could soon face UK investigation
Sousse inquest expected to reinforce UK travel advice on Tunisia

Published: 7:55 PM
Sousse inquest expected to reinforce UK travel advice on Tunisia

[*]

Rail staff at Merseyside and Northern to strike

Published: 5:22 PM
Rail staff at Merseyside and Northern to strike
UN report lays bare the waste of treating homes as commodities

Published: 3:34 PM
UN report lays bare the waste of treating homes as commodities
UK nuclear power stations 'could be forced to close' after Brexit

Published: 3:28 PM
UK nuclear power stations 'could be forced to close' after Brexit
Business live US growth and trade data disappoint but Trump promises 'revved-up economy' - as it happened

Published: 2:49 PM
US growth and trade data disappoint but Trump promises 'revved-up economy' - as it happened
Interview ‘Housing should be seen as a human right. Not a commodity’

Published: 1:00 PM
‘Housing should be seen as a human right. Not a commodity’
Uber v TfL: court hears written English test will cost 33,000 drivers their jobs

Published: 12:43 PM
Uber v TfL: court hears written English test will cost 33,000 drivers their jobs
UK’s housing market is broken, and only a radical solution can fix it

Peter Hetherington

Published: 12:00 PM
UK’s housing market is broken, and only a radical solution can fix it
Tunisia attack: how a man with a parasol could murder 38 people on the beach

Published: 11:42 AM
Tunisia attack: how a man with a parasol could murder 38 people on the beach
Landline charges for 2m customers to be cut as telecoms watchdog steps in

Published: 11:09 AM
Landline charges for 2m customers to be cut as telecoms watchdog steps in
‘Shell knew’: oil giant's 1991 film warned of climate change danger

Published: 10:20 AM
‘Shell knew’: oil giant's 1991 film warned of climate change danger
UK government departments told to outline cuts of up to 6%

Published: 9:44 AM
UK government departments told to outline cuts of up to 6%
Refugees turned entrepreneurs: ‘I needed to think about the future’

Published: 7:15 AM
Refugees turned entrepreneurs: ‘I needed to think about the future’
Raising pension age will mean many people die before getting it, say MPs

Published: 7:01 AM
Raising pension age will mean many people die before getting it, say MPs
BME career progression 'could add £24bn a year to UK economy'

Published: 7:01 AM
BME career progression 'could add £24bn a year to UK economy'
Viagogo accused of trying to manipulate online reviews

Published: 6:30 AM
Viagogo accused of trying to manipulate online reviews
Asda to sell 'free range' milk from cows reared outside for six months

Published: 6:01 AM
Asda to sell 'free range' milk from cows reared outside for six months
Payday loans complaints rise 22% despite FCA clampdown

Published: 6:01 AM
Payday loans complaints rise 22% despite FCA clampdown
Circular economy Coca-Cola U-turn could help UK catch up on can and bottle recycling

Published: 6:00 AM
Coca-Cola U-turn could help UK catch up on can and bottle recycling
What Shell knew about climate change in 1991 – video explainer

Published: 5:45 AM
What Shell knew about climate change in 1991 – video explainer
Uber executive resigns after failing to disclose prior sexual harassment claim

Published: 1:42 AM
Uber executive resigns after failing to disclose prior sexual harassment claim
Spring budget 2017: drop in government borrowing predicted

interestrateripoff · February 28, 2017

In the Middle of a Career, and Finding a New One

By CONSTANCE GUSTKE

Job-seekers of a certain age may be daunted by the idea of reinventing themselves. But The Times spoke to a few professionals who did just that, by repurposing their skills and becoming tech-savvy.

Heather Ainsworth for The New York Times

Laura Callens, 52, at home in Rochester. After her husband died, she left a job as a school admissions director and chose to become a nurse. She will soon work in the same hospital unit that treated her husband.

Wall St Slips as Trump Speech Looms; Retail a Drag 13 minutes ago

Lee Jae-yong, Samsung Leader, Is Indicted on Bribery Charges

By CHOE SANG-HUN 11:42 AM ET

Mr. Lee, charged in a corruption scandal that has touched the government, is one of the most prominent business tycoons to face trial in South Korea.

Amit Singhal, Uber Executive Linked to Old Harassment Claim, Resigns

By MIKE ISAAC and DAISUKE WAKABAYASHI

The head of Uber’s engineering efforts did not disclose the circumstances of his departure from Google last year, according to a person familiar with the matter.

Barring Reporters From Briefings: Does It Cross a Legal Line?

By ADAM LIPTAK 47 minutes ago

First Amendment experts say the White House decision to bar several outlets from a briefing last week may have been unconstitutional.

Automakers Knew of Takata Airbag Hazard for Years, Suit Says

By HIROKO TABUCHI and NEAL E. BOUDETTE

Plaintiffs in a class action say internal documents from at least four automakers show that they continued to use the flawed airbags to save on costs.

SoftBank-Backed OneWeb Set to Merge With Rival Satellite Operator

By MICHAEL J. de la MERCED 1:20 PM ET

The deal for Intelsat is contingent on an agreement with its bondholders to reduce the company’s large debt load.

Real-Life Mario Kart Rides? Not So Fast, Says Nintendo

By AMIE TSANG and MAKIKO INOUE

In a lawsuit, the video game giant contends that a Japanese company that rents out go-karts and Mario costumes in Tokyo is violating its trademarks.

Critics Assail Cuts in Foreign Spending as Trump Moves to Boost Military

By HELENE COOPER and PETER BAKER

The proposed Pentagon increase has been criticized in part because White House officials say President Trump will call for a cut to programs that military officials say contribute to global stability.

Oscars Mistake Casts Unwanted Spotlight on PwC

By DAVID GELLES and SAPNA MAHESHWARI 11:49 AM ET

The stunning gaffe instantly became the central theme of the awards ceremony. And just as quickly, PwC had a major brand crisis on its hands.

Trump Plans to Begin E.P.A. Rollback With Order on Clean Water

By CORAL DAVENPORT

The order to start the yearslong unwinding of a 2015 rule would have little immediate effect. A similar move to ease greenhouse-gas limits is expected soon.

FX’s ‘Feud’ Already Plans Second Season: Charles and Diana

By JOHN KOBLIN 1:59 PM ET

“Feud,” which is the brainchild of the prolific producer Ryan Murphy, is the latest limited series for a network that is intent on stockpiling them.

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