Business news

• Former eBay executives charged with cyber-stalking

  15-06-2020 23:32 via bbc.co.uk
  
  The campaign is alleged to have included sending live cockroaches and a funeral wreath to bloggers critical of the firm.
  
  Read more

• Apple claims 'half a trillion dollars' App Store economy

  15-06-2020 23:25 via bbc.co.uk
  
  Firm says it only took a cut from a fraction of the trade, but still faces anti-competition scrutiny.
  
  Read more

• Instagram down: Photo-sharing website and Facebook messenger both hit by outage

  15-06-2020 22:36 via uk.finance.yahoo.com
  
  Instagram and Facebook messenger appear to have gone down, with thousands of users complaining about being unable to send or post messages.The outage began shortly before 9.30pm, according to the tracking website Down Detector.
  
  Read more

• JPMorgan to bring back more traders to office next week - source

  15-06-2020 22:16 via uk.finance.yahoo.com
  
  Other JPMorgan departments are still finalizing strategies for bringing employees back, Bloomberg reported earlier on Monday.Several Wall Street banks, including Goldman Sachs Group Incand Citigroup , will start returning more staff to their New York offices in the coming weeks.
  
  Read more

• Advertisement

• Chief of British Airways owner hits back at ‘unjustified’ criticism from MPs

  15-06-2020 22:03 via uk.finance.yahoo.com
  
  A report by the Commons Transport Select Committee said the airline's treatment of its workforce during the pandemic was a 'national disgrace'.
  
  Read more

• Defying Trump, Iran aims to keep offloading gasoline glut to Venezuela

  15-06-2020 22:00 via uk.finance.yahoo.com
  
  Iran could send two to three cargoes a month in regular gasoline sales to ally Venezuela, sources say, helping offload domestic oversupply but risking retaliation from U.S. President Donald Trump who has sanctions on both nations.Iran has since April sent five tankers totalling about 1.5 million barrels to the leftist government of fuel-starved Venezuela, though the shipments have done little to alleviate hours-long lines at gas stations.The Trump administration, which is seeking both to block I
  
  Read more

• Most money made through the App Store does not go through Apple, company says amid questions over the 'digital marketplace'

  15-06-2020 21:52 via uk.finance.yahoo.com
  
  Apple says that most of the money being "facilitated" by its App Store does not go through the company, as it unveiled new research into the scale of the digital economy.The App Store helped facilitate some $519 billion in billings and sales last year, it claimed based on new analysis.
  
  Read more

• High street splurge unlikely anytime soon despite £60bn unspent

  15-06-2020 21:43 via uk.finance.yahoo.com
  
  High street splurge unlikely anytime soon despite £60bn unspentWhy would households spend savings when unemployment is a distinct possibility?* Coronavirus – latest updates* See all our coronavirus coverage
  
  Read more

• Advertisement

• Best used cars for towing a caravan or a horsebox

  15-06-2020 21:33 via uk.finance.yahoo.com
  
  Planning to spend this year’s summer holidays here in the UK? If so, you’re not alone. And like many other Brits, with B&Bs; and hotels expected to be packed, your thoughts may have turned to the idea of trying a caravan holiday. After all, used caravans are relatively affordable, and if you aren’t quite ready to take the plunge and buy a home on wheels then rentals are plentiful. And having spent all this time cooped up at home, the idea of a couple of weeks spent working
  
  Read more

• Wary shoppers return to England’s battered high streets

  15-06-2020 21:21
  Troubles far from over even as fine weather and demand lift footfall above expectations
  
  Read more

• Queues form, as shoppers return to England’s battered high streets

  15-06-2020 21:21
  Troubles are far from over even as fine weather and pent-up demand lift footfall above expectations
  
  Read more

• Coronavirus 'junk news' and propaganda reaches thousands on social media

  15-06-2020 21:13 via uk.finance.yahoo.com
  
  “Junk” news and state propaganda are reaching thousands of people on social media with misleading information about coronavirus, an Oxford University study has found. The report by the Oxford Internet Institute found that on average junk news articles were getting almost four times as much social media engagement as reporting from respected news organisations. Websites have been spreading stories designed to undermine trust in public health experts and promote misinformation about th
  
  Read more

• IAG's Walsh rejects lawmakers' criticism over British Airways plan

  15-06-2020 20:58 via uk.finance.yahoo.com
  
  British Airways is fighting for its survival and has acted lawfully, Willie Walsh, the chief executive of the airline's owner IAG said on Monday, in a terse response to lawmakers who heavily criticised its treatment of employees.On Saturday the airline was labelled a "national disgrace" by parliament's Transport Select Committee, who said IAG were trying to take advantage of the coronavirus crisis to cut 12,000 jobs and downgrade the terms and conditions of other employees.Walsh defended the com
  
  Read more

• German watchdog suspects Infineon shares being offered for sale illegally

  15-06-2020 20:57 via uk.finance.yahoo.com
  
  German financial markets regulator BaFin on Monday said that shares in chip maker Infineonwere being touted illegally using the company's logo by an unknown investor who had failed to publish an offer prospectus."BaFin has reasonable grounds to suspect that shares of Infineon Technologies AG are being publicly offered in Germany by an unknown source without an approved prospectus having been published," the regulator said on its Web site on Monday.Failing to issue a prospectus can be penalised w
  
  Read more

• Tesla negotiating incentives for possible Texas vehicle assembly plant - report

  15-06-2020 20:26 via uk.finance.yahoo.com
  
  Travis County Commissioners Court is scheduled to discuss terms of the deal on Tuesday, the paper reported, citing people with knowledge of the situation.The paper said it was unclear whether the negotiations with Travis County show that Tesla has picked the Austin region as the site for the plant, which would build the company's electric pickup truck and Model Y SUV, or if the company is also negotiating with officials in Tulsa, Oklahoma.The company's chief executive, Elon Musk, has tweeted pre
  
  Read more

• Raab takes aim at HSBC over its Hong Kong stance

  15-06-2020 20:26 via uk.finance.yahoo.com
  
  Foreign secretary Dominic Raab has weighed into the political row over HSBC's backing of a crackdown in Hong Kong by warning that the UK government "will not sacrifice the people of Hong Kong over the altar of banker bonuses". Mr Raab hit out at the banking giant just days after senior figures in Beijing and Washington clashed publicly over the bank's decision to support a new Hong Kong security law which has drawn condemnation from human rights campaigners and pro-democracy activists around the
  
  Read more

• Dominic Raab hits out at HSBC over its stance on Hong Kong security legislation

  15-06-2020 20:26 via uk.finance.yahoo.com
  
  Britain's Foreign Secretary Dominic Raab voiced a thinly veiled criticism of HSBC after the bank backed China's national security law for Hong Kong, contradicting the British government's opposition to it. "In relation to HSBC, ultimately businesses will make their own judgement calls," Raab told a daily news briefing in response to a question from Reuters about what message he would send to the bank. "But let me just put it this way – we will not sacrifice the people of Hong Kong over the
  
  Read more

• BP takes a significant step to net zero, even if it is just the easiest one

  15-06-2020 20:25 via uk.finance.yahoo.com
  
  BP takes a significant step to net zero, even if it is just the easiest oneBernard Looney still needs to demonstrate his green credentials by putting BP’s money to work
  
  Read more

• Lufthansa seeking cuts equivalent to 22,000 positions

  15-06-2020 20:02 via uk.finance.yahoo.com
  
  Lufthansasaid on Monday it was seeking to strike agreements with worker representatives by June 22 on how to make cuts equivalent to 22,000 full-time positions.The airline's flight operations will be affected with a calculated 5,000 jobs, 600 of which will be pilots, 2,600 flight attendants and 1,500 ground staff, Lufthansa said in a statement.Lufthansa Technik has a worldwide surplus of about 4,500 jobs, 2,500 of them in Germany and in the LSG Group's catering business 8,300 jobs are affected w
  
  Read more

• Willie Walsh defends British Airways over job cut plans

  15-06-2020 19:47
  IAG chief hits back at MPs’ report on redundancies and accuses them of ignoring facts
  
  Read more

• eBay executives 'psychologically terrorised' middle-aged couple who wrote critical reviews

  15-06-2020 19:45 via uk.finance.yahoo.com
  
  Six eBay executives and employees have been charged with cyberstalking a middle-aged couple by sending them “disturbing” packages and threats after they published critical reviews of the e-commerce website. The employees allegedly sent the couple from Natick, Massachusetts, a box of live cockroaches, a funeral wreath and a bloody pig mask while attempting to make it look like they were from disgruntled eBay sellers who took offence to their newsletter. James Baugh, 45, of San Jose, C
  
  Read more

• Willie Walsh hits back over British Airways job cuts

  15-06-2020 19:38 via uk.finance.yahoo.com
  
  Willie Walsh has hit back at a scathing report by MPs on British Airways' treatment of staff during the coronavirus pandemic. The Commons transport committee branded BA a “national disgrace” over plans to cut up to 12,000 jobs and change working conditions. Mr Walsh, chief executive of parent company IAG, defended the airline’s response to the crisis, saying it was acting in a “perfectly lawful manner” in its fight to survive. He said in a letter to committee chairm
  
  Read more

• 'It's going to be a long time before we heal'

  15-06-2020 19:36 via uk.finance.yahoo.com
  
  The widow of Rayshard Brooks, who was shot dead by police, spoke to the media surrounded by her family in Atlanta.
  
  Read more

• Shoppers rush to the High Street as England stores reopen

  15-06-2020 19:25 via bbc.co.uk
  
  Footfall jumped nearly 40% on Monday as pent-up demand led to queues outside Zara, Primark and others.
  
  Read more

• The UK’s fight for free trade cannot be fudged

  15-06-2020 19:11
  Deals require hard choices and the courage to compromise — the early signs are worrying
  
  Read more

• HSBC gets veiled rebuke from UK government over Hong Kong

  15-06-2020 19:09 via uk.finance.yahoo.com
  
  Britain's Foreign Secretary Dominic Raab voiced a thinly veiled criticism of HSBC on Monday after the bank backed China's national security law for Hong Kong, contradicting the British government's opposition to it."In relation to HSBC, ultimately businesses will make their own judgement calls," Raab told a daily news briefing in response to a question from Reuters about what message he would send to the bank."But let me just put it this way, we will not sacrifice the people of Hong Kong over th
  
  Read more

• One million people locked out of coronavirus income support, MPs warn

  15-06-2020 19:08 via uk.finance.yahoo.com
  
  More than one million people have fallen through the gaps of government schemes designed to support them financially during the coronavirus pandemic, MPs have warned.Freelancers and people who have recently changed job are among those who cannot access any of the schemes, despite ministers’ claims that they would do whatever it takes to help people through.
  
  Read more

• Reworking our economy for a post-coronavirus society

  15-06-2020 18:57 via uk.finance.yahoo.com
  
  Reworking our economy for a post-coronavirus societyCaroline Lucas MP and Prof Richard Murphy on the need for all political parties to support green initiatives, Christopher Tanner on reimagining the idea of economic growth and Dave Young on the importance of building social infrastructure
  
  Read more

• Celebrity favourite Le Caprice will not reopen its doors

  15-06-2020 18:52
  Pandemic takes toll on London restaurant but owners say it will be ‘reborn’ at a new location
  
  Read more

• Factbox: Spain's $4.2 billion aid plan to support the auto industry

  15-06-2020 18:38 via uk.finance.yahoo.com
  
  Spanish Prime Minister Pedro Sanchez has announced a 3.7 billion euro ($4.2 billion/£3.3 billion) aid package for the hard-hit auto industry to promote the production and sale of cleaner cars.The funds will be disbursed by 2022 and will include cash from European recovery funds.The Spanish government will spend 250 million euros on cash-for-clunker schemes to encourage drivers to buy new low-emission and electric cars in 2020.
  
  Read more

• Markets dampened by second wave fears as shops re-open for business

  15-06-2020 18:32 via uk.finance.yahoo.com
  
  The FTSE 100 fell as low as 5,952 before rebounding to 6,065, down 0.7%
  
  Read more

• Coronavirus: The first thing I bought when the shops reopened

  15-06-2020 18:32 via bbc.co.uk
  
  As stores across England selling non-essential goods opened their doors, we asked people in Milton Keynes what they bought.
  
  Read more

• Social distancing goes out the window on the road to retail revival

  15-06-2020 18:29 via uk.finance.yahoo.com
  
  Judging by the long queues gathered outside some retailers on Oxford Street on Monday, Boris Johnson’s calls for consumers to “shop with confidence” appeared to have worked. Demand for the latest sportswear attracted lengthy queues at NikeTown, Sports Direct and Foot Locker as younger shoppers jostled to enter stores for the first time in almost three months. Zara, one of the chains owned by the world's largest fashion group Inditex, was also popular with teenagers and twenty-s
  
  Read more

• U.S. companies can work with Huawei on 5G, other standards - Commerce Dept

  15-06-2020 18:10 via uk.finance.yahoo.com
  
  The U.S. Commerce Department and other agencies signed off on the rule change, which is awaiting publication in the Federal Register, Reuters reported, citing people familiar with the matter.The rule was sent to the Federal Register on Friday and is set to be published as early as Tuesday.U.S. Commerce Secretary Wilbur Ross confirmed the action in a statement to Reuters.
  
  Read more

• Exclusive: U.S. to allow companies to work with Huawei on 5G standards - sources

  15-06-2020 18:10 via uk.finance.yahoo.com
  
  The U.S. Commerce Department and other agencies signed off on the rule change, and it is awaiting publication in the Federal Register, the people said.The Commerce Department did not immediately respond to requests for comment.The amendment comes a little more than a year after the United Stages placed Huawei on the Commerce Department's so-called "entity list," thereby restricting sales of U.S. goods and technology to the company.
  
  Read more

• Exclusive: U.S. companies can work with Huawei on 5G standards - Commerce Dept

  15-06-2020 18:10 via uk.finance.yahoo.com
  
  The U.S. Commerce Department and other agencies signed off on the rule change, and it is awaiting publication in the Federal Register, Reuters reported, citing people familiar with the matter.U.S. Commerce Secretary Wilbur Ross confirmed in a statement to Reuters that the agency is taking action."The United States will not cede leadership in global innovation," Ross said.
  
  Read more

• Jaguar Land Rover to axe 1,100 jobs as Covid-19 bites

  15-06-2020 18:06 via uk.finance.yahoo.com
  
  Car sales dropped by almost two thirds in April.
  
  Read more

• Life insurer LV= signals possible sale

  15-06-2020 18:01 via uk.finance.yahoo.com
  
  Life insurer Liverpool Victoria, known as LV=, is considering putting itself up for sale in a deal that could be worth up to £1bn. The firm, which reported pre-tax profits of £15m last year, confirmed on Monday it was exploring a possible transaction as part of plans to maximise its value. The company said: “Some but not all of these options may involve a transaction with a third party. No conclusions have yet been reached as to the most appropriate option to pursue and there c
  
  Read more

• Don’t know where to invest? I think these FTSE 100 stocks could help you make a million

  15-06-2020 17:55 via uk.finance.yahoo.com
  
  The Covid-19 crisis means that investors need to be more careful. But it's still possible to go out there and make a million with stocks, says Royston Wild.The post Don't know where to invest? I think these FTSE 100 stocks could help you make a million appeared first on The Motley Fool UK.
  
  Read more

• Snapchat firm unveils platform plan to take on Google and Apple

  15-06-2020 17:52 via uk.finance.yahoo.com
  
  Snapchat firm unveils platform plan to take on Google and Apple. Snap says augmented reality will be foundation for next major shift in technology
  
  Read more

• EasyJet flights return amid concerns over physical distancing

  15-06-2020 17:50 via uk.finance.yahoo.com
  
  EasyJet flights return amid concerns over physical distancing. First plane for 11 weeks leaves Gatwick as passengers express fears about coronavirus
  
  Read more

• Apple News algorithms pick more celeb stories than human editors, study finds

  15-06-2020 17:43 via uk.finance.yahoo.com
  
  Apple News algorithms pick more celeb stories than human editors, study finds. Automated section of app took a third of its content from two sources: CNN and Fox News
  
  Read more

• Apple News algorithms pick more celeb stories than human editors, says study

  15-06-2020 17:43 via uk.finance.yahoo.com
  
  Apple News algorithms pick more celeb stories than human editors, says studyThe app’s robot curator chose a third of its content from just two sources: CNN and Fox News
  
  Read more

• Kanye West files Yeezy trademark for beauty, skincare and fragrance products

  15-06-2020 17:42 via uk.finance.yahoo.com
  
  Kanye West may be expanding into the beauty industry with his brand Yeezy, according to a trademark application filed by the company.On Monday, TMZ reported that West's intellectual property holding company, Mascotte Holdings, Inc, had filed an application to trademark the Yeezy brand in the area of cosmetics.
  
  Read more

• Exclusive: BlackRock injects $18 billion into European firms during pandemic - source

  15-06-2020 17:40 via uk.finance.yahoo.com
  
  The world's biggest asset manager BlackRockhas pumped about 16 billion euros ($18 billion/£14.4 billion) into 810 European companies since the end of January, more than half of them in distress due to the coronavirus pandemic, a source with direct knowledge of the matter told Reuters.Since the end of January, BlackRock had provided around 3 billion euros in equity and 13 billion euros in credit to new and existing investee companies, the source said, with just over half of the firms raisin
  
  Read more

• Is the Barclays share price too cheap to ignore?

  15-06-2020 17:32 via uk.finance.yahoo.com
  
  The Barclays share price was hit just as hard as Lloyds' when Covid-19 struck. But it's coming back stronger, and here's why I'd buy.The post Is the Barclays share price too cheap to ignore? appeared first on The Motley Fool UK.
  
  Read more

• Explainer: How Fed's Main Street program compares to other small business pandemic aid

  15-06-2020 17:32 via uk.finance.yahoo.com
  
  Administered by the Boston Fed, the Main Street Lending Program will offer up to $600 billion in loans through participating lenders to small and medium-sized businesses that were in strong financial shape before the crisis.How do Main Street loans compare to the Paycheck Protection Program?The biggest difference between the Main Street Lending Program and the Paycheck Protection Program is that Main Street loans cannot be forgiven.
  
  Read more

• Market report: Bunzl buoyed by pandemic demand

  15-06-2020 17:29 via uk.finance.yahoo.com
  
  Specialist distribution firm Bunzl was Monday's standout FTSE 100 stock, rising as much as 8.4pc after a strong trading update. The business – which supplies supermarkets with packaging and hospitals with gloves – said it had shown a “resilient” recent trading performance, with revenue expected to rise about 6pc for the six months to the end of June. Lockdowns which have shuttered restaurants and pubs hit Bunzl’s low-margin food service and retail business, the comp
  
  Read more

• Norway deletes contact-tracing app data as problems mount

  15-06-2020 17:28 via uk.finance.yahoo.com
  
  Norway's health authority will delete all data gathered through its contact-tracing app and halt any further use of the technology following privacy concerns. The nation’s contact-tracing app, was one of the first released by Western governments which relied on Bluetooth and GPS data to track people’s movements. Known as the Smittestopp app, or Infection Stop, it was downloaded by more than 1.6 million people in the country of 5.3 million people. But Norway’s Data Protection Au
  
  Read more

• Bim Afolami calls for £15bn Recovery Fund for scale-ups

  15-06-2020 17:28 via growthbusiness.co.uk
  
  Originally written by Timothy Adler on Growth Business
  Conservative MP Bim Afolami has called for the creation of a £15bn Recovery Fund to help British scale-ups recover from coronavirus. Bim Afolami is one of a growing chorus calling for a fund to convert the mountain of debt businesses have taken on during the pandemic, including the Business Growth Fund and ex-Treasury minister Jim
  
  Read more

Follow @Business_UKnews on Twitter!