Business news

• Police officers talk about the abuse they experience at work

  23-06-2020 23:53 via uk.finance.yahoo.com
  
  Two police officers from the Metropolitan Police have revealed they are often subjected to abuse and racism whilst at work serving the public. They admit things are changing for the better, but there is still more to be done.
  
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• Unions see jobs threat as Airbus scraps bid to build engine parts

  23-06-2020 23:35 via uk.finance.yahoo.com
  
  French unions and a regional body slammed a decision by Airbusto cancel plans to bring some engine work in-house on Tuesday, saying it would cost 350 French jobs.Airbus was due to take over production of some A320neo nacelles or engine housings from Raytheon Technologies Corpthis month, gaining access to future maintenance profits.The plan dates back to 2017 when Airbus looked at "in-sourcing" two types of nacelle offered by France's Safranand what is now Raytheon Technologies, depending on the
  
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• Advertisers claim iPhone's new anti-tracking tech will lead to 'dramatic decrease' in free apps

  23-06-2020 22:02 via uk.finance.yahoo.com
  
  The advertising industry has claimed Apple is putting app makers at risk by introducing privacy-friendly controls on targeted adverts in the latest version of its iPhone software. Leigh Freund, the chief executive of ad industry group Network Advertising Initiative, said the move announced by Apple on Monday would cause a "dramatic decrease" in the number of free, advertising-funded apps in the App Store. He also suggested that Apple's move was motivated by financial interests, saying the compan
  
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• Ex-Wirecard CEO arrested on suspicion of falsifying accounts

  23-06-2020 21:55 via uk.finance.yahoo.com
  Ex-Wirecard CEO arrested on suspicion of falsifying accountsMarkus Braun released on €5m bail amid mystery of missing billions from German payments firm’s books
  
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• Operators of gyms and pools query England's new lockdown rules

  23-06-2020 21:19 via uk.finance.yahoo.com
  
  Operators of gyms and pools query England's new lockdown rulesNightclubs also off limits but pubs can open – prompting accusations of inconsistency* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Twitter hides Donald Trump tweet for 'abusive behaviour' towards protesters

  23-06-2020 21:03 via uk.finance.yahoo.com
  
  Twitter has censored a tweet by Donald Trump for breaking its rules against “abusive behaviour”, potentially escalating the row between the US President and Silicon Valley. Mr Trump had vowed on Tuesday that any attempt by protesters to set up an "autonomous zone" on the streets of Washington DC would be “met with serious force”. But Twitter declared his words to be “a threat of harm against an identifiable group” and branded them with a warning label which ma
  
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• Relaxation of English lockdown ‘not risk-free’, warns chief adviser

  23-06-2020 20:50
  Johnson halves social distancing guidance to let pubs, hotels, restaurants and hairdressers reopen in July
  
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• Explainer: Who is affected by Trump’s suspension of foreign work visas?

  23-06-2020 20:23 via uk.finance.yahoo.com
  
  President Donald Trump temporarily suspended the entry into the United States of certain foreign workers on Monday despite strong opposition from business groups, including major tech companies.A spokesman for U.S. Citizenship and Immigration Services said the proclamation would not prevent a visa holder inside the United States from extending the visa duration or changing to a different type of visa.
  
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• OnePlus teases new phone to be released next month

  23-06-2020 20:17 via uk.finance.yahoo.com
  
  OnePlus has confirmed that it is working on a new, affordable smartphone, but the details of that device remain a mystery.The company’s CEO Pete Lau wrote in a forum post that it is “bringing the premium, flagship experience … to a new, more affordable smartphone product line”
  
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• London high-rise offices to suffer 'dramatic' dent in demand, say experts

  23-06-2020 20:17 via uk.finance.yahoo.com
  
  London high-rise offices to suffer 'dramatic' dent in demand, say expertsCanary Wharf and City likely to lose out as consultants predict major shift away from office towers* Coronavirus – latest updates* See all our coronavirus coverage
  
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• City high-rise offices to suffer lower demand in future, say experts

  23-06-2020 20:17 via uk.finance.yahoo.com
  
  City high-rise offices to suffer lower demand in future, say expertsConsultants say shift in UK property needs will stay even when coronavirus crisis is over* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Shopping centre owner Intu could have saved itself years ago

  23-06-2020 20:12 via uk.finance.yahoo.com
  
  Shopping centre owner Intu could have saved itself years ago. You cannot blame Covid-19 for the commercial property firm’s precarious plight – its value plunged well before the pandemic
  
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• JD Sports buys back Go Outdoors in £56.5m administration deal

  23-06-2020 20:00 via uk.finance.yahoo.com
  
  JD Sports has bought back its Go Outdoors chain for £56.5m after the adventure equipment retailer was put into administration. The so-called pre-pack deal comes just four years after JD Sports bought the company for £100m and puts 2,400 jobs at risk. However, the sports chain vowed to minimise job and store losses at Go Outdoors, saying the move will “protect the maximum number of jobs possible”. It appointed Deloitte as joint administrators, blaming high rents for the de
  
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• UK ministers in talks to create air bridges with 'core' European nations

  23-06-2020 19:53 via uk.finance.yahoo.com
  
  UK ministers in talks to create air bridges with 'core' European nations. Plan could allow Britons to holiday in Spain, Italy and other countries without quarantining on return
  
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• Questor: follow coronavirus winner Terry Smith into these two giant American brands

  23-06-2020 19:51 via uk.finance.yahoo.com
  
  “Star” fund managers have, as a concept, taken rather a bashing of late. Britain’s fund management industry had no brighter star than Neil Woodford and none crashed to earth more spectacularly than he did last year. Investors are right to be sceptical of the whole idea, which is partly why this column asks fund managers to explain in detail why they hold a particular stock. In the end, compelling logic, based on a thorough understanding of the facts involved, is far more persua
  
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• Trump threat to 'decouple' U.S. and China hits trade, investment reality

  23-06-2020 19:39 via uk.finance.yahoo.com
  
  Conflicting talk from Trump administration officials about "decoupling" the U.S. economy from China is running into challenging reality: Chinese imports of U.S. goods are rising, investment by American companies into China continues, and markets are wary of separating the world's biggest economies.White House trade adviser Peter Navarro gave Asian markets a scare on Monday night by telling Fox News Channel that the U.S.-China trade deal was "over."U.S. stock futures dropped, the dollar rose, and
  
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• Surge in restaurant and hotel bookings as lockdown lifted

  23-06-2020 19:39 via uk.finance.yahoo.com
  
  Hotels and restaurants were flooded with customer bookings after ministers gave vast swathes of the hospitality industry permission to reopen on July 4, raising hopes of a rapid summer recovery for thousands of ailing businesses. Pent-up demand from consumers eager to dine out and holiday in Britain led to a surge in reservations following Boris Johnson’s announcement, forcing some businesses to take down their websites as they worked through the backlog. The Pig, a boutique chain of high-
  
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• Boris Johnson takes England out of ‘national hibernation’

  23-06-2020 19:39
  PM rejects scientific misgivings to pull economy back from brink, but warns ‘frost can return’
  
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• Mercedes-Benz, Nvidia deepen autonomous driving alliance

  23-06-2020 19:36 via uk.finance.yahoo.com
  
  The alliance between a deep-pocketed tech player and the world's oldest carmaker allows Mercedes to jointly develop new automated driving capabilities and software applications at a time when the auto industry is struggling to generate profits."We want to launch a ground-breaking software-defined computer architecture for driving assistance and autonomous drive," Daimler Chief Executive Ola Kaellenius said during a joint presentation by the two companies on Tuesday.The Nvidia Drive AGX Orin Plat
  
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• Mercedes-Benz cars to be built on Nvidia autonomous driving platform from 2024

  23-06-2020 19:36 via uk.finance.yahoo.com
  
  “We intend to join forces to create a software-defined vehicle and deploy this across the entire next generation's fleet,” Nvidia Senior Director of Automotive Danny Shapiro told reporters.Shapiro declined to disclose the financial terms of the deal.Shapiro said the high-end Nvidia Drive AGX Orin Platform - an autonomous vehicle processor - would be standard in every Mercedes-Benz vehicle.
  
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• Fitness bosses criticise ‘illogical’ decision to open pubs but keep gyms shut

  23-06-2020 19:31 via uk.finance.yahoo.com
  
  The Prime Minister announced many businesses will be allowed to open from July 4.
  
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• 'Virtually no demand' for coins in Covid-19 era as Australia's shift from cash to digital hastens

  23-06-2020 19:30 via uk.finance.yahoo.com
  
  'Virtually no demand' for coins in Covid-19 era as Australia's shift from cash to digital hastensAs a result of the trend, the Royal Australian Mint and the Reserve Bank are considering producing less physical money
  
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• JD Sports to renew Go Outdoors after 'pre-pack' administration deal

  23-06-2020 19:29 via uk.finance.yahoo.com
  
  Go Outdoors, which JD first bought for 112 million pounds four years ago, has struggled with significant losses as sales declined at its 67 stores, and JD had been exploring options for the division while the coronavirus lockdown mounted further pressure."As a consequence of COVID-19, Go Outdoors was no longer viable as previously structured and would have absorbed capital at an unsustainable rate for the foreseeable future," Executive Chairman Peter Cowgill said.The London-listed sports fashion
  
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• Diageo pours £4 million into Scots pub industry

  23-06-2020 19:22 via uk.finance.yahoo.com
  
  The drinks giant announced the funding to help premises struggling with the coronavirus outbreak.
  
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• Ireland, Luxembourg need more muscle to police tech giants, EU report says

  23-06-2020 19:15 via uk.finance.yahoo.com
  
  Ireland and Luxembourg, European headquarters to Google , Facebook , Twitterand Amazon , need a substantial boost in resources to deal with data breaches by U.S. tech giants, a European Union report said.The report by the European Commission, seen by Reuters, sought to assess the effectiveness of the EU's landmark data privacy rules known as the General Data Protection Regulation (GDPR) adopted in 2018.
  
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• JD Sports buys Go Outdoors back after tumbling into administration

  23-06-2020 19:07 via uk.finance.yahoo.com
  
  The sportswear group said the move will “preserve as many jobs as possible” at the troubled outdoor retailer.
  
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• Thousands of UK steelworkers told to seek possible pension compensation

  23-06-2020 19:02
  FCA sends letters to 7,700 after mis-selling review finds most advice to transfer out of BSPS scheme was unsuitable
  
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• UK’s facial recognition technology ‘breaches privacy rights’

  23-06-2020 18:23 via uk.finance.yahoo.com
  
  UK’s facial recognition technology ‘breaches privacy rights’South Wales police accused of using system with ‘racial bias’ that breaks data protection law
  
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• IT chaos as clock ticks down to Brexit

  23-06-2020 18:18 via uk.finance.yahoo.com
  
  Britain has yet to build a much-heralded IT system which will let trucks declare the goods they are carrying in advance before driving towards a port - with just six months to go before the Brexit transition ends. The Goods Vehicle Movement Service (GVMS) is intended to help goods flow across Britain's borders and cut queues, especially at the port of Dover. But unlike France, the UK has still not tested its new customs system. Speaking to MPs on the Brexit Select Committee, Tim Reardon of the P
  
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• Markets close up as Trump insists US-China trade deal on track

  23-06-2020 18:17 via uk.finance.yahoo.com
  
  The FTSE 100 closed the day up 75.5 points or 1.21% at 6320.12, helped by the announcement of lockdown lifting in England.
  
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• Top German court reimposes data curbs on Facebook

  23-06-2020 18:11 via uk.finance.yahoo.com
  
  Facebookmust comply with an order by Germany's antitrust watchdog to curb data collection from users, a top German court ruled on Tuesday, in a setback for the U.S. social network company.The Federal Court's interim order, which suspends a decision by a lower court, backs the Federal Cartel Office's original view that Facebook had abused its market dominance to gather information about users without their consent."I'm delighted by this decision," said cartel office President Andreas Mundt.
  
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• China has picked up its 'game' on trade with U.S. - Trump adviser

  23-06-2020 18:10 via uk.finance.yahoo.com
  
  The U.S. trade deal with China is not only fully intact, but Beijing has actually stepped forward in a number of areas in a constructive way, a top White House adviser said on Tuesday."They've actually picked up their game," National Economic Council Director Larry Kudlow told Fox Business Network."It's not just commodity buying, although that is picking up too," but also extends to the issue of intellectual property theft, which has long been one of the sore spots for the relationship, he said.
  
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• UK’s smallest firms have borrowed more than £28bn via state-backed scheme

  23-06-2020 18:08
  Almost £2bn ‘light touch’ loans taken by so-called micro businesses in past week alone
  
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• End of the road for Segway as production halted after 19 years

  23-06-2020 18:02 via uk.finance.yahoo.com
  
  Segway, the two-wheeled balancing vehicle once hailed as the future of personal travel, is to cease production due to falling sales. Its American manufacturer announced the end of production, citing “over-saturation of the market” because the vehicles lasted for a decade or more and tended not to break down. Invented at the turn of the century and launched in 2001 by American businessman Dean Kamen, the $5,000 (£3,991) Segway was touted as a replacement for the automobile but o
  
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• Five-month-old left brain damaged after being thrown at television

  23-06-2020 17:56 via ibtimes.co.uk
  
  The gambling addict was in a bad mood after losing money on a football match before he injured the child.
  
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• Exclusive: Britain, EU to miss deadline for future financial market access - sources

  23-06-2020 17:51 via uk.finance.yahoo.com
  
  Britain and the European Union are set to miss their end-June deadline for assessing future cross-border trade in financial services, leaving just six months before a potentially messy UK exit, financial industry and EU officials say.Britain left the EU in January and complies with the bloc's rules until the end of December in return for continued full access for financial firms.Future direct EU access will depend on whether Brussels deems UK regulation to be "equivalent" to standards in the blo
  
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• The G4M share price just jumped 20%. Here’s what I’d do now

  23-06-2020 17:48 via uk.finance.yahoo.com
  
  As Gear4Music (LON: G4M) releases strong year-end figures, the G4M share price extends its remarkable 2020 run. Here's what I like about it.The post The G4M share price just jumped 20%. Here's what I'd do now appeared first on The Motley Fool UK.
  
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• Hospitality bosses not meaningfully consulted over pre-lockdown plans, MPs told

  23-06-2020 17:46 via uk.finance.yahoo.com
  
  Just Eat’s UK boss Andrew Kenny told MPs that it saw a 'demand shock' immediately after lockdown was announced.
  
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• U.S. new home sales rebound; business activity slump easing

  23-06-2020 17:42 via uk.finance.yahoo.com
  
  Sales of new U.S. single-family homes increased more than expected in May and business activity contracted moderately this month, suggesting the economy was on the cusp of recovering from the recession caused by the COVID-19 crisis.New home sales jumped 16.6% to a seasonally adjusted annual rate of 676,000 units last month, the Commerce Department said.New home sales are counted at the signing of a contract, making them a leading housing market indicator.
  
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• U.S. economy improving; rising COVID-19 cases a threat

  23-06-2020 17:42 via uk.finance.yahoo.com
  
  Sales of new U.S. single-family homes increased more than expected in May and business activity contracted moderately this month, suggesting the economy was on the cusp of recovering from the recession caused by the COVID-19 crisis."The renewed upsurge in COVID-19 cases across the South and the West poses a clear downside risk over the coming months but, with a second wave of state-wide lockdowns appearing unlikely for now, we are assuming this will act as a modest drag on the economic recovery,
  
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• These are the dogs of the FTSE 100 during lockdown. I’d buy one of them today!

  23-06-2020 17:38 via uk.finance.yahoo.com
  
  It's been three months since the UK went into enforced lockdown. These seven FTSE 100 shares have suffered most during isolation.The post These are the dogs of the FTSE 100 during lockdown. I'd buy one of them today! appeared first on The Motley Fool UK.
  
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• Is the Carnival share price a bargain?

  23-06-2020 17:34 via uk.finance.yahoo.com
  
  Carnival's share price sits well below its recent highs but is stock in the cruise line operator a bargain for the long-term investor?The post Is the Carnival share price a bargain? appeared first on The Motley Fool UK.
  
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• LME to examine floor reopening after easing of UK lockdown

  23-06-2020 17:32 via uk.finance.yahoo.com
  
  The London Metal Exchange (LME) will examine whether the easing of social-distancing restrictions in England from July 4 will apply to its open-outcry floor, which has been closed for three months.The 143-year-old exchange temporarily closed the floor - the last open-outcry floor in Europe - on March 23 due to COVID-19 restrictions and shifted activity to its electronic system.Comments by Chief Executive Matthew Chamberlain during an online seminar on Tuesday were more upbeat than an interview w
  
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• French restaurant settles with Axa in tussle over lockdown losses

  23-06-2020 17:26 via uk.finance.yahoo.com
  
  A French restaurant owner who won a court battle with Axa over lockdown-linked losses said on Tuesday he had reached a further settlement with the insurer, potentially setting the tone for payouts to other businesses facing similar insurance problems.Stephane Manigold, who owns four restaurants in Paris, including one with two Michelin stars, took Axa to court for not paying out on a business-interruption policy, after France imposed a two-month lockdown to fight the COVID-19 pandemic.A Paris co
  
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• HSBC cuts 35,000 jobs! Can the bank make or break your portfolio?

  23-06-2020 17:25 via uk.finance.yahoo.com
  
  HSBC cuts 35,000 jobs! Does this make the bank a good investment?The post HSBC cuts 35,000 jobs! Can the bank make or break your portfolio? appeared first on The Motley Fool UK.
  
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• World no.1 Novak Djokovic tests positive for COVID-19

  23-06-2020 17:21 via ibtimes.co.uk
  
  The Adria Tour has been cancelled as the fourth tennis player of the tournament tests positive.
  
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• Lead gets lifeline as essential industries energise battery demand

  23-06-2020 17:13 via uk.finance.yahoo.com
  
  Demand for lead-acid batteries from hospitals and food producers seeking more backup power during the coronavirus pandemic is helping battery and lead producers weather a collapse in orders from the auto sector.Industries deemed as essential during the pandemic, such as hospitals, food producers and supermarkets, are stocking up on batteries produced by companies such as EnerSys, Ecobat and GS Yuasa to power backup generators and uninterruptible power supply (UPS) systems.Europe's largest lead p
  
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• Shell faces UK supreme court case over Niger delta pollution

  23-06-2020 17:02 via uk.finance.yahoo.com
  
  Shell faces UK supreme court case over Niger delta pollution. Communities say decades of pollution have contaminated water wells with potentially cancer-causing chemicals
  
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• The Segway is dead

  23-06-2020 17:01 via uk.finance.yahoo.com
  
  The Segway is dead, its makers have announced.The company – which is also called Segway, and officially refers to the famous rolling vehicle as the "Segway PT" – said that it will "retire" the machine from next month.
  
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• Billionaire Hinduja brothers in bitter High Court battle over family assets

  23-06-2020 17:01 via uk.finance.yahoo.com
  
  Srichand Hinduja, 84, is suing his brothers Gopichand, Prakash and Ashok.
  
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