Business news

• Coronavirus recession could see government change Bank of England's inflation mandate, says former minister

  30-05-2020 22:12 via uk.finance.yahoo.com
  
  Officials in the UK Treasury are “probably” considering whether to change the Bank of England’s inflation-targeting mandate due to the massive economic shock imparted by the coronavirus crisis, according to a former minister.Lord Jim O’Neill, who was commercial secretary to the Treasury in 2015, wants the central bank to shift from its current target of keeping inflation at 2 per cent to targeting a steadily rising trend of nominal UK GDP growth instead.
  
  Read more

• The government still treats debt like it is economic poison but now is the time to invest

  30-05-2020 22:00 via uk.finance.yahoo.com
  
  The government still treats debt like it is economic poison but now is the time to invest. Cutting spending while the private sector is shrinking in order to ‘live within your means’ will only compound the problem
  
  Read more

• SpaceX launch: Nasa astronauts shot into space in historic mission

  30-05-2020 21:23 via uk.finance.yahoo.com
  
  SpaceX has sent Nasa astronauts into space in a historic mission.It is the first time that humans have been shot into space from US soil since the Space Shuttle programme ended in 2011. And it is the first time that humans have been sent into space by a private company, a feat only previous achieved by the space agencies of the US, Russia and China.
  
  Read more

• SpaceX Nasa launch: Watch video of astronauts being sent into space on historic mission

  30-05-2020 21:15 via uk.finance.yahoo.com
  
  Video shows the moment SpaceX shot Nasa astronauts into space, making history as it went.It represents the first opportunity in decades to see a new spacecraft carry humans into space, as well as being the first time astronauts have been shot from US soil in 9 years and the first time a private space company has sent people into orbit.
  
  Read more

• Advertisement

• Coronavirus: 1.5 million people plan to delay retirement

  30-05-2020 18:19 via uk.finance.yahoo.com
  
  Retirement could be delayed for three years in average as coronavirus impacts workers' incomes.
  
  Read more

• Coronavirus: Rolls-Royce’s credit rating graded as 'junk' for first time in 20 years

  30-05-2020 18:01 via uk.finance.yahoo.com
  
  Rolls-Royce lost its investment-grade rating after 20 years, as demand drops during coronavirus pandemic.
  
  Read more

• Austria opposes current EU rescue, wants changes - finance minister

  30-05-2020 17:48 via uk.finance.yahoo.com
  
  Austria opposes Europe's current 750 billion euro plan to help economies recover from the coronavirus pandemic and wants to negotiate changes to the proposal, the country's finance minister said on Saturday.Under the plan, which must be approved by all bloc members, the EU's executive Commission would borrow from the market and then disburse two-thirds of the funds in grants and the rest in loans to cushion the unprecedented economic slump expected this year due to lockdowns.Finance Minister Ger
  
  Read more

• Sabine Getty on lockdown life at the Getty family’s 2,700-acre countryside estate

  30-05-2020 17:46 via uk.finance.yahoo.com
  
  When I asked Sabine Getty, the svelte, glamorous socialite whose financier husband Joseph Getty is great-grandson of American oil tycoon John Paul Getty, where she’s most looking forward to going once lockdown restrictions are lifted, I wasn’t expecting her to say McDonalds. “I’ve always been a huge fan of McDonalds,” she insists. “It’s definitely high on the list - that and Shake Shack. I miss good junk food.” She’s speaking on the phone fro
  
  Read more

• Advertisement

• Coronavirus: Sanitiser maker's links back to Victorian cough cure

  30-05-2020 17:37 via bbc.co.uk
  
  With links back to a popular Victorian medicine, a firm is helping protect frontline workers facing coronavirus.
  
  Read more

• Musk's SpaceX set to retry historic rocket launch

  30-05-2020 17:08 via uk.finance.yahoo.com
  
  The mission is a milestone in Musk’s drive to make space travel less expensive, marking the first time a commercially developed spaceship will have carried Americans into orbit.
  
  Read more

• Venues in crisis: 'We couldn't survive if we opened 10 nights a week'

  30-05-2020 17:00 via uk.finance.yahoo.com
  
  Venues in crisis: 'We couldn't survive if we opened 10 nights a week'Even as other sectors reopen, the hospitality industry is facing crippling restrictions for months. What will its leaders do?
  
  Read more

• Pret a Manger to hold rent talks as it reopens more shops

  30-05-2020 16:28 via uk.finance.yahoo.com
  
  Pret a Manger, one of Britain’s biggest sandwich chains, has appointed advisers to hold rent talks with landlords as it reopens another 200 shops but expects reduced footfall. Pano Christou, the chief executive, said he had called in Alvarez & Marsal, the professional services company, and CWM, a property agent, to help overhaul its business model as its customer base of commuting office workers remain working from home. Pret, which has about 8,000 employees and roughly 430 shops in th
  
  Read more

• SpaceX Nasa launch: How to watch rocket take off live on YouTube or your TV

  30-05-2020 15:31 via uk.finance.yahoo.com
  
  Nasa and SpaceX are set to make history by launching astronauts from the Kennedy Space Station, and will be streaming the entire events live.It is the first time that astronauts have been set off from US soil since the Space Shuttle programme ended in 2011, and if SpaceX is successful it will mark the first time a private company has put humans into space.
  
  Read more

• Roger Federer becomes world's highest paid athlete: Forbes

  30-05-2020 15:28 via ibtimes.co.uk
  
  Federer is the first tennis player to top the annual list of top earners.
  
  Read more

• Coronavirus: Two thirds of Mastercard transactions now contactless

  30-05-2020 15:28 via uk.finance.yahoo.com
  
  One in five people now use no cash at all, a change accelerated by the coronavirus pandemic, says Mastercard report.
  
  Read more

• Coronavirus: Two thirds of Mastercard transactions now cashless

  30-05-2020 15:28 via uk.finance.yahoo.com
  
  One in five people now use no cash at all, a change accelerated by the coronavirus pandemic, says Mastercard report.
  
  Read more

• Government advisers warn lockdown lifting too early as crowds flock to beaches

  30-05-2020 15:16 via uk.finance.yahoo.com
  
  They cited the continuing high number of daily coronavirus cases being confirmed.
  
  Read more

• Kylie Jenner in row with Forbes over billionaire status

  30-05-2020 15:15 via uk.finance.yahoo.com
  
  Kylie Jenner in row with Forbes over billionaire status. Kardashian family member reacts angrily to magazine’s claim she spun ‘a web of lies’
  
  Read more

• Coronavirus: Fiat and Alfa Romeo to waive car finance payments if customers lose job

  30-05-2020 14:50 via uk.finance.yahoo.com
  
  The first car makers to waive car finance payments say customers can get a break within the first 12 months of buying a new model.
  
  Read more

• Luka Doncic recovered from injury during NBA hiatus, says Mark Cuban

  30-05-2020 14:43 via ibtimes.co.uk
  
  GSW players Stephen Curry and Klay Thompson also took advantage of the time to recover from their injuries.
  
  Read more

• SpaceX Nasa launch: How to watch Crew Dragon capsule as it flies over the UK

  30-05-2020 14:41 via uk.finance.yahoo.com
  
  Nasa and SpaceX were forced to scrub the lift-off of the Falcon 9 rocket on Wednesday, meaning the first launch of humans into space by a private firm will have to wait until Saturday.Fears that the launch of the Falcon 9 rocket would "trigger lightning" meant the mission was aborted less than 17 minutes before take off.
  
  Read more

• NBA targets July 31 to resume 2019-2020 season

  30-05-2020 14:26 via ibtimes.co.uk
  
  The league wants to complete the season and crown a champion in the most competitively fair way possible.
  
  Read more

• NBA star Giannis Antetokounmpo invests in sports drink start-up Ready Nutrition

  30-05-2020 14:07 via ibtimes.co.uk
  
  As part of the deal, the Bucks Forward bought 34,000 bottles of Ready Nutrition's water product and protein bars.
  
  Read more

• Xenoblade Chronicles: Definitive Edition review – we're all Homs now

  30-05-2020 14:00 via uk.finance.yahoo.com
  
  Xenoblade Chronicles: Definitive Edition review – we're all Homs now. The invading Mechon acquire new significance in this HD re-release of Nintendo’s 2009 game-changer
  
  Read more

• Coronavirus set to cost SMEs over £69bn

  30-05-2020 13:13 via uk.finance.yahoo.com
  
  Small businesses could be losing almost £12,000 each during the pandemic and many are set to permanently close, according to a new report.
  
  Read more

• Coronavirus: UK national debt nears £2tn for first time

  30-05-2020 13:05 via uk.finance.yahoo.com
  
  The cost of the coronavirus pandemic is mounting for the UK government, according to projections from the Office for Budget Responsibility.
  
  Read more

• Britain to launch big stimulus package before summer - FT

  30-05-2020 12:53 via uk.finance.yahoo.com
  
  Britain's government is planning to launch a big stimulus package before the summer with a focus on creating jobs and infrastructure projects to help drag the economy out of the coronavirus crisis, the Financial Times reported.Finance minister Rishi Sunak declined on Friday to say whether he would bring forward his next budget statement, due in the autumn, to spell out how he will tackle Britain's surging debt.
  
  Read more

• Microsoft 'to replace journalists with robots'

  30-05-2020 12:07 via bbc.co.uk
  
  Dozens working on the MSN site look set to be replaced by AI, media reports say.
  
  Read more

• Cash in the time of coronavirus: how to get in financial shape for the new normal

  30-05-2020 12:00 via uk.finance.yahoo.com
  
  Cash in the time of coronavirus: how to get in financial shape for the new normalGuardian Money helps you put your finances in order while adapting to a new way of living
  
  Read more

• Coronavirus: UK property picks up as Rightmove sees record website views

  30-05-2020 11:47 via uk.finance.yahoo.com
  
  Rightmove received more than six million visits for the first time this month, indicating the UK property market is bouncing back following lockdown.
  
  Read more

• Audi RS7 review: ferociously fast and capable, but where's the fun?

  30-05-2020 11:36 via uk.finance.yahoo.com
  
  The near-collapse of the airline business and quarantine plans for cross-border travel have put paid to most folks’ travel plans this year, but not all. Social distancing notwithstanding, there will be a few well-heeled coves who’ll still be planning to get down to their holiday hideaways at home or abroad. And with fuel prices on the floor, cars such as this, Audi’s second-generation RS7 four-door coupé, might be just the high-performance ticket for that journey –
  
  Read more

• Coronavirus: Renters struggle more than homeowners with pandemic costs

  30-05-2020 11:15 via uk.finance.yahoo.com
  
  Private renters have found it more difficult to negotiate reductions and meet their housing costs than mortgage homeowners during the COVID-19 outbreak.
  
  Read more

• British royals' favourite takeaways revealed from fries, pizza to curries

  30-05-2020 11:14 via ibtimes.co.uk
  
  The British monarch occasionally loves to order fish and chips from the local eatery when she is in Balmoral Castle.
  
  Read more

• US protests prompt Google to postpone Android 11 unveiling

  30-05-2020 11:09 via uk.finance.yahoo.com
  
  The Silicon Valley giant postponed the launch, saying "now is not the time to celebrate."
  
  Read more

• Scientists warn ‘too soon to ease lockdown’ ahead of ‘tempting’ warm weekend

  30-05-2020 10:51 via uk.finance.yahoo.com
  
  The comments come ahead of relaxation of restrictions in England on Monday.
  
  Read more

• Kylie Jenner's lawyer slams tabloid for revoking her billionaire status, demands retraction

  30-05-2020 10:04 via ibtimes.co.uk
  
  In their bombshell article, Forbes stripped the makeup mogul of the title of youngest-ever self-made billionaire
  
  Read more

• Google postpones Android 11 unveiling amid U.S. protests

  30-05-2020 09:32 via uk.finance.yahoo.com
  
  "We are excited to tell you more about Android 11, but now is not the time to celebrate," Google said in a message posted on its Android developers website.In a tweet, it said that it will announce more details on the new version of Android "soon," without specifying any dates.Protests have spread across the United States over the killing of George Floyd, a Minneapolis black man who died after being pinned by the neck under a white police officer's knee.
  
  Read more

• SpaceX launch - live: Nasa to attempt mission today as rocket liftoff threatened by weather again

  30-05-2020 09:26 via uk.finance.yahoo.com
  
  Nasa and SpaceX are trying once again to launch two astronauts into space in a historic mission.The launch will be the first time that astronauts have been launched from US soil since the Space Shuttle programme ended in 2011.
  
  Read more

• How Meghan Markle is quietly helping animal welfare charity back in the UK

  30-05-2020 08:59 via ibtimes.co.uk
  
  It costs Mayhew approximately £6,000 or $7,400 a day to just keep the animal welfare charity running.
  
  Read more

• SpaceX Starship rocket explodes in dramatic fireball after test

  30-05-2020 08:40 via uk.finance.yahoo.com
  
  A SpaceX rocket has exploded in a dramatic fireball after a test.It is just the latest in a series of spectacular failures of prototypes of the Starship heavylift rocket.
  
  Read more

• Prince Harry Zoom calls young volunteers from his Los Angeles home

  30-05-2020 08:14 via ibtimes.co.uk
  
  Prince Harry makes a sweet gesture by video calling volunteers, and praises them for their work of supporting their community during the COVID-19 crisis.
  
  Read more

• Microsoft sacks journalists to replace them with robots

  30-05-2020 08:00 via uk.finance.yahoo.com
  
  Microsoft sacks journalists to replace them with robots. Users of the homepages of the MSN website and Edge browser will now see news stories generated by AI
  
  Read more

• Sarah Ferguson pens message of support for daughter Princess Beatrice

  30-05-2020 07:11 via ibtimes.co.uk
  
  The Duchess of York took to Instagram on Friday and shared a picture of her older daughter Princess Beatrice as a child.
  
  Read more

• Coronavirus spot checks on firms begin amid backlash over halted inspections

  30-05-2020 07:00 via uk.finance.yahoo.com
  
  Exclusive: HSE confirms any firm may face checks, but unions say inspections should never have stopped on building sites and Labour warns officials lack resources after years of cuts.
  
  Read more

• Facebook declines to take action against Trump statements

  30-05-2020 04:14 via uk.finance.yahoo.com
  
  Facebook declines to take action against Trump statements. Twitter responded to the president’s post, which suggested violence against protesters, by hiding it behind a warning label
  
  Read more

• U.S. firms in Hong Kong awake to 'sad day' as Trump vows to curb economic ties

  30-05-2020 03:04 via uk.finance.yahoo.com
  
  The American Chamber of Commerce in Hong Kong said on Saturday it was "a sad day" for the global financial centre, hours after U.S. President Donald Trump moved toward stripping the city of its special treatment in a bid to punish China.In some of his toughest rhetoric yet, Trump said Beijing had broken its word over Hong Kong's high degree of autonomy by proposing new national security legislation and the territory no longer warranted U.S. economic privileges."We will take action to revoke Hong
  
  Read more

• Hong Kong officials say Trump 'completely wrong' to end city's special status

  30-05-2020 03:04 via uk.finance.yahoo.com
  
  Hong Kong officials lashed out on Saturday at moves by U.S. President Donald Trump to strip the city of its special status in a bid to punish China for imposing national security laws on the global financial hub.Speaking hours after Trump said the city no longer warranted economic privileges and that some officials could face sanctions, security minister John Lee told reporters that Hong Kong could not be threatened and would push ahead with the new laws."I don't think they will succeed in using
  
  Read more

• Hong Kong leaders say Trump 'completely wrong' for curbing ties

  30-05-2020 03:04 via uk.finance.yahoo.com
  
  Senior Hong Kong government officials lashed out on Saturday at moves by U.S. President Donald Trump to strip the city of its special status in a bid to punish China for imposing national security laws on the global financial hub.Speaking hours after Trump said the city no longer warranted economic privileges and some officials could face sanctions, security minister John Lee told reporters that Hong Kong's government could not be threatened and would push ahead with the new laws."I don't think
  
  Read more

• Coronavirus: Debenhams makes some restaurant employees redundant

  30-05-2020 02:51 via bbc.co.uk
  
  Retailer Debenhams makes staff in some of its cafes redundant after going into administration.
  
  Read more

• Mark Zuckerberg says 'divisive' Trump posts about George Floyd protest will remain on Facebook

  30-05-2020 02:36 via uk.finance.yahoo.com
  
  Mark Zuckerberg said that Facebook will not take action on posts published by Donald Trump about the George Floyd protests, including one in which the president warned that, “when the looting starts, the shooting starts”. “Personally, I have a visceral negative reaction to this kind of divisive and inflammatory rhetoric,” Zuckerberg wrote in a Facebook post on Friday after public outcry over the posts. Earlier on Friday, Twitter had hidden the tweet behind a label, claimi
  
  Read more

Follow @Business_UKnews on Twitter!