Business news

• Facebook to tag ‘harmful’ posts as boycott widens

  26-06-2020 23:32 via bbc.co.uk
  
  The firm has been under pressure to improve its moderation of the content on its platform.
  
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• Coronavirus: Post Office ends travel money suspension

  26-06-2020 23:03 via bbc.co.uk
  
  The move comes as tourists gear up for a summer getaway, but rates will not match pre-lockdown highs.
  
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• UK sewage plants fear deluge of stale beer

  26-06-2020 23:00
  Rush to replace stock ahead of pubs reopening raises prospect of environmental damage through oxygen depletion
  
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• Britain’s cultural venues to reopen without crowds and queues

  26-06-2020 23:00
  Limits to visitor numbers remain a threat to viability of museums and other venues
  
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• GM seeks U.S. appeals court ruling to continue legal fight with Fiat Chrysler

  26-06-2020 22:52 via uk.finance.yahoo.com
  
  General Motors Coon Friday asked a U.S. appeals court to allow it to continue pursuing its civil racketeering suit against rival Fiat Chrysler Automobiles NV, rejecting a lower court judge's belittling of the complaint.The automaker's filing with the Sixth Circuit Court of Appeals comes less than a week after U.S. District Court Judge Paul Borman called GM's suit against Fiat Chrysler a "waste of time and resources" at a time when both automakers should be focused on surviving the coronavirus pa
  
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• Facebook to label inflammatory posts from Trump and other politicians after advertisers boycott site

  26-06-2020 22:44 via uk.finance.yahoo.com
  
  Mark Zuckerberg has announced that Facebook will start labelling inflammatory posts from president Donald Trump and other politicians, as America’s biggest companies suspend ads over the platform’s hate speech policies.On Friday, Mr Zuckerberg, the CEO of Facebook, announced that the social media site will be updating its hate speech and misinformation policies, after more than one hundred companies joined a boycott against advertising on their platform.
  
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• Coronavirus: Delta to extend caps on passenger numbers

  26-06-2020 22:29 via bbc.co.uk
  
  The airline has been capping the numbers on board its flights to no more than 60% of capacity.
  
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• Facebook announces new hate speech and misinformation policies amid advertiser revolt

  26-06-2020 21:01 via uk.finance.yahoo.com
  
  Facebook announces new hate speech and misinformation policies amid advertiser revolt. Announcement came after Unilever said it would join 100 other companies in pulling ads from platform over hate speech policies
  
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• Microsoft to permanently close high street stores and move completely online

  26-06-2020 20:52 via uk.finance.yahoo.com
  
  Microsoft will permanently shut down its high-street stores, taking a $450m (£364m) hit as it reverses an attempt to ape Apple’s physical shops. The company said that a handful of flagship locations, including its sole UK store in London, would remain open as“experience centres”, but that it would shift entirely to online sales. Almost all of Microsoft’s 83 stores, which have been shut during the coronavirus pandemic, will be closed completely. Microsoft embarked on
  
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• Johnson aims to raise Britain’s game in science

  26-06-2020 20:48
  Plan to invest in satellite operator meant to be first of several projects
  
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• Northern Ireland to launch separate contact-tracing app

  26-06-2020 20:10 via bbc.co.uk
  
  The app, based on the Apple/Google model, will be released within weeks.
  
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• Unilever joins Facebook boycott as Mark Zuckerberg pledges hate speech crackdown

  26-06-2020 19:25 via uk.finance.yahoo.com
  
  The consumer goods behemoth Unilever became the biggest company yet to boycott Facebook and Twitter on Friday, wiping tens of billions of dollars off the value of their shares. The London-based conglomerate, which counts Marmite, Vaseline, PG Tips, Pot Noodle, Dove and Lynx among its army of brands, said it would freeze all advertising on both social networks for at least the rest of this year. It is part of a growing protest against tech giants' failure to suppress hate speech which has so far
  
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• Coca-Cola and Unilever boycott Facebook adverts as Mark Zuckerberg pledges hate speech crackdown

  26-06-2020 19:25 via uk.finance.yahoo.com
  
  The consumer goods behemoth Unilever became the biggest company yet to boycott Facebook and Twitter on Friday, wiping tens of billions of dollars off the value of their shares. Coca-Cola, the global drinks giant, also announced on Friday night that it would suspend adverts on social media for at least 30 days. Unilever, the London-based conglomerate which counts Marmite, Vaseline, PG Tips, Pot Noodle, Dove and Lynx among its army of brands and is one of the world's largest advertisers, said it w
  
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• Shopping centre owner Intu collapses into administration

  26-06-2020 19:19 via uk.finance.yahoo.com
  
  Shopping centre owner Intu collapses into administrationFirm that runs Lakeside and Trafford Centre fails to secure creditor deal before deadline
  
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• Exclusive: Italy's Generali in bid to acquire U.S. asset manager Brightsphere - sources

  26-06-2020 19:15 via uk.finance.yahoo.com
  
  Assicuracioni Generali SpAhas approached Brightsphere Investment Group Incabout a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday.A deal would expand the U.S. footprint of Italy's top insurer while enabling Brightsphere's largest shareholder, hedge fund Paulson & Co, to cash out.There is no certainty that Generali will be able to meet Paulson's valuation expectations for Brightsphere, the sources said.
  
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• Unilever to stop U.S. advertising on Facebook, Twitter for rest of year

  26-06-2020 18:56 via uk.finance.yahoo.com
  
  The consumer goods company, which owns brands like Dove Soap and Lipton tea, joins a growing advertising boycott against Facebook as part of the "Stop Hate for Profit" campaign started by U.S. civil rights groups after the death of George Floyd.The effort called on Facebook, which owns Instagram, to do more to stop hate speech.
  
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• Unilever to stop U.S. ads on Facebook, Twitter for rest of year

  26-06-2020 18:56 via uk.finance.yahoo.com
  
  The consumer goods company, which owns brands like Dove Soap and Lipton tea, joins a growing advertising boycott against Facebook as part of the "Stop Hate for Profit" campaign started by U.S. civil rights groups after the death of George Floyd.The effort called on Facebook, which owns Instagram, to do more to stop hate speech and misinformation.
  
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• Facebook will label newsworthy posts that break rules as ad boycott widens

  26-06-2020 18:56 via uk.finance.yahoo.com
  
  A Facebook spokeswoman confirmed its new policy would have meant attaching a link on voting information to U.S. President Donald Trump's post last month about mail-in ballots.Rival Twitterhad affixed a fact-checking label to that post.Chief Executive Mark Zuckerberg said in a live-streamed company townhall that Facebook would also ban ads that claim people from groups based on race, religion, sexual orientation or immigration status are a threat to physical safety or health.
  
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• Facebook tightens hateful conduct policies as ad boycott gains steam

  26-06-2020 18:56 via uk.finance.yahoo.com
  
  On Friday, Unilever PLC said it would stop U.S. ads on Facebook, Instagram and Twitter for the rest of the year, citing "divisiveness and hate speech during this polarized election period in the U.S."Chief Executive Mark Zuckerberg said in a live-streamed company townhall that Facebook would ban ads that claim people from groups based on race, religion, sexual orientation or immigration status are a threat to physical safety, health or survival.
  
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• Space officials warn Government $500m satellite push could fail to produce rival to EU's Galileo

  26-06-2020 18:47 via uk.finance.yahoo.com
  
  Boris Johnson has been warned that a $500m rescue of a British satellite company could backfire because the technology is unsuited to building a sovereign satellite navigation system. Officials at the UK Space Agency have told the Government that investing in OneWeb to build a rival to the EU’s Galileo system presents major difficulties because its low-earth-orbit satellites may be unable to provide accurate location signals, The Telegraph can reveal. Number 10 has signed off on putting $5
  
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• Space Agency officials say $500m OneWeb investment unsuitable for creating British sat-nav system

  26-06-2020 18:47 via uk.finance.yahoo.com
  
  Boris Johnson has been warned that a $500m rescue of a British space company could backfire because the technology is unsuited to building a sovereign satellite navigation system. Officials at the UK Space Agency have told the Government that investing in OneWeb to build a rival to the EU’s Galileo system presents major difficulties because its low-earth-orbit satellites may be unable to provide accurate location signals, The Telegraph can reveal. Number 10 has signed off on putting $500m
  
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• Wirecard: Cardholders' money locked as FCA freezes UK subsidiary

  26-06-2020 18:45 via bbc.co.uk
  
  Users of the U Account, as well as apps such as Curve, Pockit and Anna Money, are unable to access their money.
  
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• Want to be a SIPP millionaire? I’d follow these 3 C’s to get rich

  26-06-2020 18:45 via uk.finance.yahoo.com
  
  Ask any SIPP millionaire their habits and you'll find the answers remarkably similar. This is what you really need to know, says Tom Rodgers.The post Want to be a SIPP millionaire? I'd follow these 3 C’s to get rich appeared first on The Motley Fool UK.
  
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• Shopping centre giant Intu enters administration

  26-06-2020 18:38 via bbc.co.uk
  
  Shopping centres including Trafford and Lakeside will continue to trade under administrators KPMG.
  
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• US markets gatecrash European party

  26-06-2020 18:31 via uk.finance.yahoo.com
  
  The FTSE 100 closed more than 100 points lower than its midday highs.
  
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• Property tycoon Tony Pidgley dies suddenly age 72

  26-06-2020 18:27 via uk.finance.yahoo.com
  
  Tony Pidgley, the founder and chairman of the FTSE 100 housebuilder Berkeley Group, has died suddenly at the age of 72. The tycoon's death came as a shock to the business. It is understood he was working up until Thursday when he was taken into hospital. Adopted at the age of four from Barnado's by travellers, Mr Pidgley's grit and hard work helped him become one of the country’s most influential businessmen. Rob Perrins, chief executive of Berkeley, said: “Tony was a brilliant man w
  
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• Carmakers slip further from compliance with upcoming EU CO2 goals

  26-06-2020 18:27 via uk.finance.yahoo.com
  
  The European Commission said carmakers must significantly reduce their emissions or risk missing tougher EU targets coming into force this year.Average emissions for new cars registered in the EU's 27 member states plus Britain, Iceland and Norway were 122.4 grams of CO2 per kilometre in 2019, an increase of 1.6g compared with 2018, the EEA said.
  
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• UK fintech firms forced to suspend services after Wirecard collapse

  26-06-2020 18:18 via uk.finance.yahoo.com
  
  Customers of several British digital finance companies were unable to make payments or access their money on Friday after the collapse of German payments firm Wirecard caused disruption across borders.Wirecard's implosion on Thursday, owing creditors almost $4 billion (£3.2 billion), led Britain's Financial Conduct Authority to impose restrictions on the company's UK unit.
  
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• Kanye West back at Gap with Yeezy fashion line

  26-06-2020 18:15 via bbc.co.uk
  
  Shares in the struggling US clothing company, where the singer worked as a teenager, surged on the news.
  
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• Investors warm to Europe as Biden lead, virus fears rattle Wall Street

  26-06-2020 18:13 via uk.finance.yahoo.com
  
  European stocks look poised to make up ground on Wall Street in the second half of 2020 as Joe Biden consolidates his lead over Donald Trump ahead of the November U.S. presidential election and a surge of new COVID-19 cases threatens the U.S. economic recovery.The U.S. stock market has consistently outperformed Europe since the 2016 election of Trump, which was followed by a rally widely dubbed the 'Trump bump'.The pan-European STOXX 600 has outperformed world stocks by about 1.5% in the last mo
  
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• Exclusive: AMS to get EU green light for €4.6 billion Osram bid - sources

  26-06-2020 17:58 via uk.finance.yahoo.com
  
  Austrian sensor producer AMS is poised to get the go-ahead from the European Union for its acquisition of German lighting group Osram , three people familiar with the matter said on Friday.Osram is a leading maker of car headlights with close ties to carmakers and AMS hopes to combine that with its expertise in sensors to develop packaged solutions for self-driving cars.
  
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• Here’s why the BAE share price makes me want to buy now

  26-06-2020 17:53 via uk.finance.yahoo.com
  
  Alan Oscroft thinks the 2020 BAE share price weakness has presented investors with an investment opportunity, and a chance to buy great shares cheaply again.The post Here's why the BAE share price makes me want to buy now appeared first on The Motley Fool UK.
  
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• BA cabin crew: I won't earn enough to pay my mortgage

  26-06-2020 17:47 via bbc.co.uk
  
  Senior crew members fear losing their homes if a new pay deal proposed by the airline is approved.
  
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• Boeing 737 MAX certification flight test expected soon

  26-06-2020 17:45 via uk.finance.yahoo.com
  
  A key step to the return to service of the grounded Boeing 737 MAX could take place as soon as early next week, two people briefed on the matter said.Boeing Co'sbest-selling plane has been grounded since March 2019 after two fatal crashes killed 346 people.The Federal Aviation Administration would then need to approve pilot training and complete other steps and would not likely approve plane's ungrounding until September, the sources said.
  
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• Royal Mail to cut jobs! Is its stock a buy right now?

  26-06-2020 17:44 via uk.finance.yahoo.com
  
  Royal Mail decided to cut jobs as it is struggling right now. Are its shares a bargain or a value trap? Anna Sokolidou tries to find out.The post Royal Mail to cut jobs! Is its stock a buy right now? appeared first on The Motley Fool UK.
  
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• Is your Hermès bag worth a fortune? How handbags became a bona fide investment

  26-06-2020 17:43 via uk.finance.yahoo.com
  
  Once, people would have sniggered at the thought of buying a handbag as an ‘investment’. Now, the laugh is on those who did: some designer handbags now outperform art, classic cars and rare whisky in terms of investment potential, according to a new report. Art Market Research (AMR) tracked sales of designer handbags at auctions around the world and found that certain bags by Hermès, Chanel and Louis Vuitton have soared in value by an average of 83% over the last decade - a 6%
  
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• Nike plans to cut jobs in digital push

  26-06-2020 17:36 via uk.finance.yahoo.com
  
  The planned layoffs come after the company on Thursday reported a $790 million (£637 million) quarterly net loss, its first in more the two years, as its wholesale business bore the brunt of footwear retailers and department stores shutting down due to the coronavirus outbreak."We are shifting resources and creating capacity to reinvest in our highest potential areas, and we anticipate our realignment will likely result in a net loss of jobs," Nike said in an e-mail statement.Chief Executi
  
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• UBS settles former trader's harassment, discrimination lawsuit

  26-06-2020 17:34 via uk.finance.yahoo.com
  
  UBShas settled a lawsuit with a former junior trader who accused the Swiss bank of mishandling a complaint of rape and sexual assault by senior colleagues against her, representatives for the former employee said on Friday."UBS and Ms A have reached a mutual resolution in relation to this matter as a result of which Ms A has withdrawn her claim," legal representatives for the claimant at Farore Law said.The claimant, who cannot be named for legal reasons, alleged that she faced gender discrimina
  
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• Intesa says sticks to profit goal in UBI deal even if unable to merge

  26-06-2020 17:10 via uk.finance.yahoo.com
  
  Intesa Sanpaolosaid a failure to incorporate rival UBI Bancain a planned takeover bid would only slightly lessen prospective synergies, leaving a 2022 profit goal of at least 5 billion euros ($5.6 billion) unaffected.Intesa published details of its all-paper bid for UBI on Friday, following a green light from market regulator Consob, ahead of launching the offer from July 6.Intesa warned that it may not be able to incorporate UBI if take-up is below a 66.67% threshold which guarantees control of
  
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• Intesa maintains profit goal even if unable to merge with UBI

  26-06-2020 17:10 via uk.finance.yahoo.com
  
  Intesa Sanpaolo expects synergies from its proposed takeover of UBI Banca would be only slightly less if it cannot fully incorporate its Italian rival, and would not affect a 2022 profit goal of at least 5 billion euros ($5.6 billion).Intesapublished details of its all-paper bid for UBIon Friday, after getting a green light from market regulator Consob, ahead of launching the offer from July 6.The bank made the unsolicited takeover bid for UBI, which would bring it an additional 3 million custom
  
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• YouTube follows TikTok and lets users experiments with uploading 15-second clips

  26-06-2020 17:09 via uk.finance.yahoo.com
  
  YouTube has announced a new feature where users can record short, 15-second videos.In a blog post, YouTube said that it is “testing out a new way for creators to easily record multiple clips directly in the YouTube mobile app and upload as one video.”
  
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• Italy prosecutors suspect 1.2 million phone customers hit by data abuse

  26-06-2020 17:07 via uk.finance.yahoo.com
  
  Italian police have put 13 people under house arrest, including some employees at Telecom Italia's (TIM), after alleged data abuses in which Rome prosecutors suspect personal data of around 1.2 million customers was stolen.Postal police said the data of the customers of various phone companies, jointly held in TIM's data facilities, was sold to outbound call centres which subsequently used them for commercial purposes.The investigation started in February following a complaint by TIM, which had
  
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• TikTok says it will stop snooping on people's clipboards after being caught out by new iOS 14 feature

  26-06-2020 16:52 via uk.finance.yahoo.com
  
  TikTok has said it will stop snooping on its users' clipboards, after being identified by a new iPhone feature.After the release of Apple's new iOS 14 software – which is currently only available to developers – it emerged that Apple had added a new feature to alert users if a given app was looking at their clipboard.
  
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• M&S and Next compete for UK arm of Victoria's Secret

  26-06-2020 16:50 via uk.finance.yahoo.com
  
  M&S; and Next compete for UK arm of Victoria's Secret. The US brand put its British arm into administration earlier this month
  
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• European stocks climb to end volatile week

  26-06-2020 16:50 via uk.finance.yahoo.com
  
  Yahoo Finance's Oscar Williams-Grut has the latest from London.
  
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• Wirecard auditors point to 'elaborate' fraud

  26-06-2020 16:47 via uk.finance.yahoo.com
  
  Yahoo Finance's Oscar Williams-Grut has the latest from London.
  
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• 2 cheap FTSE 100 shares yielding 7% or more! I’m buying

  26-06-2020 16:41 via uk.finance.yahoo.com
  
  Cheap FTSE 100 shares paying yields over 7%? We'd all like to own at least one. Tom Rodgers finds two he thinks you should consider. The post 2 cheap FTSE 100 shares yielding 7% or more! I’m buying appeared first on The Motley Fool UK.
  
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• HSBC plans to drive customers to mobile in cost-cutting move

  26-06-2020 16:36 via uk.finance.yahoo.com
  
  HSBC bank will shift its physical services into the digital sphere in a push to get more customers to migrate to mobile as part of cost-cutting program.The London-based bank wants to double the number of mobile users by 2022, which could generate more revenue per customer. It is also planning to cut 35,000 jobs to cut costs, which it announced in February.
  
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• This top FTSE 250 stock is up 15% today! I think there could be more to come

  26-06-2020 16:35 via uk.finance.yahoo.com
  
  Shares in this FTSE 250 (INDEXFTSE:MCX) online gaming operator have soared on news of excellent trading during the lockdown. Is there still time to buy? The post This top FTSE 250 stock is up 15% today! I think there could be more to come appeared first on The Motley Fool UK.
  
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• Google launches coronavirus support for small businesses

  26-06-2020 16:35 via uk.finance.yahoo.com
  
  Google has pledged to help small UK businesses stay open after lockdown by helping them be found online. The tech giant has launched a new campaign that also includes £25m worth of advertising credits and grants for small firms across the country. The new “Open for Business” campaign is open to all small companies and charities but it is targeted at businesses that rely on “in-person interactions” like pubs, restaurants, shops, and hairdressers. Google has also comm
  
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