Business news

• Britain says to put nearly £1.6 billion into arts to help survival

  05-07-2020 23:39 via uk.finance.yahoo.com
  
  Britain will invest nearly 1.6 billion pounds in cultural institutions and the arts to help a sector that has been crippled by the COVID-19 pandemic and lockdown, Prime Minister Boris Johnson said on Sunday.Theatres, opera houses and ballet companies have been left without a live audience for months.
  
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• Treasury pledges funding to triple number of UK traineeships

  05-07-2020 23:34 via uk.finance.yahoo.com
  
  Britain will offer its largest ever expansion of traineeships, its finance ministry said on Sunday, ahead of a highly-anticipated update due later in the week on the government's support for the economy through the coronavirus crisis.Finance minister Rishi Sunak has rushed out emergency measures worth an estimated 133 billion pounds since the start of the crisis, mostly to keep people in jobs after many businesses were forced to close due to the COVID-19 lockdown.With the economy beginning to re
  
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• Finance ministry pledges funding to triple number of UK traineeships

  05-07-2020 23:34 via uk.finance.yahoo.com
  
  Britain will offer its largest ever expansion of traineeships, its finance ministry said on Sunday, ahead of a highly-anticipated update due later in the week on the government's support for the economy through the coronavirus crisis.Finance minister Rishi Sunak has rushed out emergency measures worth an estimated 133 billion pounds since the start of the crisis, mostly to keep people in jobs after many businesses were forced to close due to the COVID-19 lockdown.With the economy beginning to re
  
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• Sunak gives £1.5bn lifeline to struggling arts sector

  05-07-2020 23:31
  Grants and loans made available for theatres, music venues and museums
  
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• Traineeships to triple as unemployment fears mount

  05-07-2020 23:30 via bbc.co.uk
  
  The government pledges £111m for schemes in England to get young people into work.
  
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• Rishi Sunak to announce £1000 cash bonuses for companies to train young jobseekers

  05-07-2020 21:43 via uk.finance.yahoo.com
  
  Companies will be paid cash bonuses by the Government to hire young people as trainees, the Chancellor will announce, as part of a package of measures to alleviate post-coronavirus unemployment. Rishi Sunak will deliver an economic statement on Wednesday, with the central focus of helping people get back to work. He will announce £1,000 cash "bonuses" for employers who hire young people into traineeship programmes. The £111 million scheme is the first time firms will receive direct g
  
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• France won't ban Huawei, but encouraging 5G telcos to avoid it - report

  05-07-2020 21:43 via uk.finance.yahoo.com
  
  The head of the French cybersecurity agency ANSSI said there would not be a total ban on using equipment from Huawei in the rollout of the French 5G telecoms network, but that it was pushing French telcos to avoid switching to the Chinese company."What I can say is that there won't be a total ban," Guillaume Poupard told Les Echos newspaper in an interview.
  
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• Chile announces new $1.5 billion stimulus for middle class as pandemic rages

  05-07-2020 20:55 via uk.finance.yahoo.com
  
  Chilean President Sebastian Pinera announced on Sunday a new $1.5 billion package of measures to help keep the country´s ailing middle class afloat as the coronavirus pandemic continues to ravage the economy of the world´s top copper producer."The coronavirus pandemic...is hitting our middle class hard," Pinera said, touting the fresh round of stimulus as a bailout at least 1 million families.The coronavirus pandemic, which struck just as Chile was beginning to recover from months of
  
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• Sunak mulls new lifelines for Covid-struck firms

  05-07-2020 20:51 via uk.finance.yahoo.com
  
  The Treasury is considering ways of making it easier for businesses to access coronavirus support loans - ahead of expected measures from the Chancellor designed to create “jobs, jobs, jobs” in an effort to kick-start the economy. Officials from the Treasury and the British Business Bank are reviewing access to state-backed loan schemes after the European Commission last week relaxed state aid rules that blocked lifelines for some UK firms. A Treasury spokesman confirmed they “
  
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• Argentina to unveil new debt offer to creditors, push deadline to late August

  05-07-2020 20:35 via uk.finance.yahoo.com
  
  Argentina is set to unveil a new debt restructuring offer that will be kept open until the end of August, President Alberto Fernandez told local radio on Sunday, as the government seeks to strike a deal despite rising tensions with creditors."The offer will be known today and will be open until the end of August," the center-left Peronist leader said in an interview with Radio Milenium, suggesting a current July 24 deadline for a deal would be further extended."The proposal we are making is a hu
  
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• Argentina to unveil new debt offer, open until end-August, president says

  05-07-2020 20:35 via uk.finance.yahoo.com
  
  Argentina is set to unveil a new debt restructuring offer that will be kept open until the end of August, President Alberto Fernandez told local radio on Sunday, as the government seeks to strike a deal despite rising tensions with creditors."The offer will be known today and will be open until the end of August," the center-left Peronist leader said in an interview with Radio Milenium, suggesting a current July 24 deadline for a deal would be further extended.Argentina is racing to revamp $65 b
  
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• Argentina sweetens debt revamp offer to creditors; sets Aug 4 deadline

  05-07-2020 20:35 via uk.finance.yahoo.com
  
  Argentina's government unveiled an amended debt restructuring proposal on Sunday and set a deadline of Aug. 4 for creditors to accept it, adding some key sweeteners as it looks to defuse recent tensions with bondholders and strike a deal.The new proposal, which comes after talks to revamp around $65 billion in foreign debt stalled last month, would reduce principal haircuts, increase coupons and include a bond to account for accrued interest, the government said in a statement.It said the move t
  
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• Jobseeker should stay 'stronger for longer' for those excluded from other payments, report says

  05-07-2020 19:30 via uk.finance.yahoo.com
  
  Jobseeker should stay 'stronger for longer' for those excluded from other payments, report says. Deloitte Access Economics says with jobkeeper and the jobseeker increase to end in September ‘too much support ends at the same time’
  
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• Flooding and mudslides in Japan

  05-07-2020 19:11 via uk.finance.yahoo.com
  
  Heavy rain in southern Japan triggered flooding and mudslides on Saturday, leaving at least two dead.
  
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• Soaring saving rates pose policy dilemma for world’s central bankers

  05-07-2020 19:00
  Consumers’ pandemic cash stash could help drive economic recovery — or hold back growth
  
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• Footfall on UK high streets much lower than a year ago

  05-07-2020 18:43 via uk.finance.yahoo.com
  
  The number of people visiting salons, cafes and cinemas on Saturday was about half the level of last year across the country.
  
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• UK expected to phase Huawei out of 5G networks

  05-07-2020 18:42
  US sanctions have increased security concerns around the Chinese telecoms company
  
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• £5k to invest? I’d buy the FTSE 250 to retire on

  05-07-2020 18:34 via uk.finance.yahoo.com
  
  Buying the FTSE 250 could be the most straightforward way to invest for the future and grow you financial nest egg at a rapid rate. The post £5k to invest? I'd buy the FTSE 250 to retire on appeared first on The Motley Fool UK.
  
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• COVID-19: Employers who laid off workers after furlough may have to return cash

  05-07-2020 18:24 via uk.finance.yahoo.com
  
  Businesses are worried as the Treasury has reworded the purpose of its Coronavirus Job Retention scheme.
  
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• Real Madrid tightens grip on La Liga trophy with Ramos penalty

  05-07-2020 18:19 via ibtimes.co.uk
  
  The Real Madrid captain scored the lone goal of the evening in the match against Athletic Bilbao.
  
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• French economy probably bouncing back faster than expected - central bank

  05-07-2020 17:59 via uk.finance.yahoo.com
  
  The French economy is pulling out of the slump induced by the coronavirus outbreak at least as fast as expected a month ago, and maybe even a little faster, Bank of France Governor Francois Villeroy de Galhau said on Sunday.
  
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• NBA, Nike share approved list of 'social justice' statements on players' jerseys

  05-07-2020 17:43 via ibtimes.co.uk
  
  The NBA has agreed to support players who wish to use their jerseys as a platform to be heard.
  
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• Coronavirus: Banks could lose up to £10bn on defaulted payments

  05-07-2020 17:38 via uk.finance.yahoo.com
  
  As job losses increase, customers will be asked to resume their payments on mortgages, personal loans and credit cards.
  
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• NBA releases mini-summer league scrimmage schedule ahead of season restart

  05-07-2020 17:26 via ibtimes.co.uk
  
  The NBA will push through with the traditional summer league ahead of the season restart.
  
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• NBA plans second coronavirus-free 'bubble' location in Chicago

  05-07-2020 17:19 via ibtimes.co.uk
  
  The NBA is thinking of doing a dry run for next season's "new normal" games.
  
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• Coronavirus lockdown: People rush to town centres as pubs reopen

  05-07-2020 16:59 via bbc.co.uk
  
  Footfall to English High Streets rose 19.7% on Saturday as people headed to pubs and hairdressers.
  
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• Thames Water former boss handed £2.8m since being sacked

  05-07-2020 16:27 via uk.finance.yahoo.com
  
  Thames Water former boss handed £2.8m since being sacked. Steve Robertson received £2m payoff on top of £777,500 for loss of notice despite being sacked over leakages
  
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• Israel's El Al to become leaner after government bailout

  05-07-2020 16:27 via uk.finance.yahoo.com
  
  El Al'sfate is expected to be decided in the coming days, with the Israeli airline looking to reach a deal with workers on job and spending cuts to get government aid.An official at El Al, which has put almost all of its 6,500 workers on unpaid leave and suspended passenger service, told Reuters that its board will choose between two proposals.Avi Edri, chairperson of the transport workers union at the Histadrut labour federation, said 2,000 job cuts are likely, as well as salary reductions to p
  
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• Make a million from the stock market crash! I reckon these are the best UK shares to buy today

  05-07-2020 16:24 via uk.finance.yahoo.com
  
  The stock market crash provides a fresh chance to get rich and retire early. Here I look at some of the best UK shares to help investors do just that.The post Make a million from the stock market crash! I reckon these are the best UK shares to buy today appeared first on The Motley Fool UK.
  
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• The UK should bar Huawei from its 5G network

  05-07-2020 16:10
  The west also needs to unite and stand firm against rising Chinese aggression
  
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• German union in show of strength as Commerzbank's top duo exits

  05-07-2020 15:59 via uk.finance.yahoo.com
  
  Commerzbank'schief executive and chairman were under pressure from activist investors to axe jobs, but they decided to go first after a damaging clash with unions last week, sources close to the situation told Reuters.With nearly 12,000 jobs at stake, a quarter of the Commerzbank workforce, divisions came to a head when labour representatives blocked a supervisory board meeting to discuss the future of Germany's second largest bank.Although precipitated by a public campaign for change by U.S. ac
  
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• 'Beyond worst nightmares': Argentina's child poverty rate soars amid pandemic

  05-07-2020 15:34 via uk.finance.yahoo.com
  
  Antonio Chenarce, a 49-year-old baker and father of three in Buenos Aires, has struggled to make ends meet since losing his job due to the coronavirus lockdown imposed in the Argentine capital since mid-March.The health crisis has hammered Argentina's economy, which is now expected to shrink around 12% this year, driving millions into poverty and leaving almost six out of every 10 children and adolescents below the poverty line, United Nations data show.Argentina's center-left government has ext
  
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• Small businesses need 'flexile repayment solutions' to survive next 18 months

  05-07-2020 15:26 via uk.finance.yahoo.com
  
  Two in five small businesses that have turned to 'alternative lenders' are now struggling to pay off debts.
  
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• Small businesses need 'flexible repayment solutions' to survive next 18 months

  05-07-2020 15:26 via uk.finance.yahoo.com
  
  Two in five small businesses that have turned to 'alternative lenders' are now struggling to pay off debts.
  
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• Lifting of lockdown in England: how do you feel reopening has gone?

  05-07-2020 15:23 via uk.finance.yahoo.com
  
  Lifting of lockdown in England: how do you feel reopening has gone?. We would like to hear from business owners and people who have visited pubs and restaurants to tell us how reopening has been
  
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• Fifteen years after the G8 summit, it's the UK that's in dire need of aid

  05-07-2020 15:19 via uk.finance.yahoo.com
  
  Fifteen years after the G8 summit, it's the UK that's in dire need of aid. Like Brown in 2005, Sunak plans to help the vulnerable – but the similarities end there
  
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• Is it worth buying BT shares now they’re cheap?

  05-07-2020 14:28 via uk.finance.yahoo.com
  
  BT shares look cheap after recent declines, and the company might be worth buying for investors with a long-term outlook says Rupert Hargreaves. The post Is it worth buying BT shares now they're cheap? appeared first on The Motley Fool UK.
  
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• Evening footfall on England's high streets soars as pubs reopen

  05-07-2020 14:21 via uk.finance.yahoo.com
  
  Evening footfall on England's high streets soars as pubs reopen. Saturday post-5pm visitors up as lockdown eased for bars, restaurants and more
  
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• England's evening high street footfall soars as pubs reopen

  05-07-2020 14:21 via uk.finance.yahoo.com
  
  England's evening high street footfall soars as pubs reopen. Saturday post-5pm visitors up as lockdown eased for bars, restaurants and more
  
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• Forget buy-to-let: I’d buy these FTSE 100 stocks in an ISA to get rich and retire early

  05-07-2020 14:09 via uk.finance.yahoo.com
  
  These FTSE 100 stocks have been battered in the stock market crash. Roland Head explains why this could be a good time to build a long-term position.The post Forget buy-to-let: I'd buy these FTSE 100 stocks in an ISA to get rich and retire early appeared first on The Motley Fool UK.
  
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• Matt Hancock has ‘quite significant concerns’ about Leicester clothing factories

  05-07-2020 14:08 via uk.finance.yahoo.com
  
  Matt Hancock revealed he has “quite significant concerns” about employment practices at clothing factories in Leicester amid reports one paid its staff less than the minimum wage.The Health Secretary said there had been coronavirus outbreaks at food and clothing producers in the city that the spread of Covid-19 was “the number one problem”.
  
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• I’ve bought cheap FTSE 100 shares in a Stocks & Shares ISA to make a million

  05-07-2020 13:57 via uk.finance.yahoo.com
  
  One of the keys to successful investing is to exploit undervalued shares to the fullest. Buying cheap FTSE 100 shares is one way to do this, says Royston Wild.The post I’ve bought cheap FTSE 100 shares in a Stocks & Shares ISA to make a million appeared first on The Motley Fool UK.
  
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• Huawei's UK 5G future under question

  05-07-2020 13:45 via uk.finance.yahoo.com
  
  The government is worried about the impact US sanctions will have on Huawei.
  
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• Coronavirus: Sunak may hand out £500 vouchers to boost spending

  05-07-2020 13:17 via uk.finance.yahoo.com
  
  This is based on a proposal by a think tank, which has reportedly been in talks with the Treasury.
  
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• Tempted by the Glencore share price? Here’s what I think you need to know

  05-07-2020 13:03 via uk.finance.yahoo.com
  
  The Glencore share price looks cheap after recent declines, but the company is struggling with some legal issues that could hold back growth.The post Tempted by the Glencore share price? Here’s what I think you need to know appeared first on The Motley Fool UK.
  
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• Germany's Scholz wants more power for financial watchdog after Wirecard case - FAS

  05-07-2020 13:00 via uk.finance.yahoo.com
  
  German finance minister Olaf Scholz said on Sunday he planned to give the Germany's financial markets watchdog more power in response to a corporate fraud scandal at payments company Wirecard that had escaped the scrutiny of auditors.Wirecard last week filed for insolvency owing creditors almost $4 billion after disclosing a 1.9 billion euros ($2.14 billion) hole in its accounts that auditor EY said was the result of a sophisticated global fraud."I want to give BaFin more control rights over fin
  
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• Coronavirus: Ministers pledge to double staff in job centres

  05-07-2020 12:59 via bbc.co.uk
  
  The chancellor is expected to announce plans to recruit 13,500 extra staff at job centres.
  
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• Lionel Messi fed up with Barcelona, halts contract talks: report

  05-07-2020 12:40 via ibtimes.co.uk
  
  The Barca captain is reportedly ready to walk away from the club at the end of his current contract.
  
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• Why I’d still shun the IQE share price at 50p

  05-07-2020 12:39 via uk.finance.yahoo.com
  
  The IQE share price has recently outperformed the market. But this could be a good opportunity to sell, based on the company's track record. The post Why I'd still shun the IQE share price at 50p appeared first on The Motley Fool UK.
  
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• The true price of happiness is £34,000

  05-07-2020 12:38 via uk.finance.yahoo.com
  
  Money does buy happiness — but it’ll cost you almost £34,000 a year.
  
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