Business news

• Disney cuts ad spending on Facebook amid growing boycott - WSJ

  18-07-2020 22:43 via uk.finance.yahoo.com
  
  Disney joins other companies like Starbucks Corp , Unilever Plc , Adidas AGand others that have pulled advertising from the tech giant.The time frame for Disney's pullback wasn't clear as some brands paused their ad spending for longer stretches, the report said, adding that Disney didn't make a public announcement that it was cutting back on Facebook but shifted advertising plans silently.
  
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• UK firms unprepared for no-deal Brexit due to coronavirus crisis, think tank warns

  18-07-2020 22:15 via uk.finance.yahoo.com
  
  The coronavirus crisis has left many UK businesses in a worse position to cope with a no-deal Brexit, according to a think tank.Three out of five firms have not even begun to prepare for the end of the transition period on 31 December due to ongoing uncertainty about the future relationship with the EU, the Institute for Government said.
  
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• And now for the bad news: our record unemployment is actually worse than it looks

  18-07-2020 22:00 via uk.finance.yahoo.com
  
  And now for the bad news: our record unemployment is actually worse than it looksThe number of prime-aged Australians either out of work or underemployed paints a truly bleak picture
  
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• Pressure from Trump led to 5G ban, Britain tells Huawei

  18-07-2020 21:34 via uk.finance.yahoo.com
  
  Pressure from Trump led to 5G ban, Britain tells Huawei‘Geopolitical’ factors were behind the move, the company was told, with hints that the decision could be reversed in future
  
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• G20 officials pledge to keep cooperating to bolster global economy

  18-07-2020 19:48 via uk.finance.yahoo.com
  
  Finance officials from the Group of 20 major economies on Saturday vowed to continue using "all available policy tools" to fight the coronavirus pandemic and bolster the global economy, warning that the outlook remains highly uncertain.G20 finance ministers and central bankers, in a communique issued after a virtual meeting on Saturday, said the global economy would recover as economies gradually reopen, but said further actions were needed to ensure growth."We are determined to continue to use
  
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• Trail of missing Wirecard executive leads to Belarus, Der Spiegel reports

  18-07-2020 19:40 via uk.finance.yahoo.com
  
  Former Wirecardchief operating officer Jan Marsalek travelled to Minsk soon after he was suspended and may still be in Belarus or Russia, a German magazine reported on Saturday.Marsalek, a central figure in the collapse of the German payments company, remains at large but his whereabouts have been a mystery.Marsalek arrived at Minsk airport at 2 minutes past midnight on June 19, Der Spiegel reported.
  
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• Saudi economy likely worse in second quarter despite June improvement - central bank governor

  18-07-2020 19:16 via uk.finance.yahoo.com
  
  Speaking at the end of a virtual meeting of G20 finance officials, Ahmed al-Kholifey said he did not expect the Saudi economy to have improved in the second quarter despite a pickup in June.Saudi Arabia's economy shrank by 1% in the first quarter, as the coronavirus crisis and lower oil prices took their toll.
  
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• Club legend Iker Casillas returns to Real Madrid

  18-07-2020 19:02 via ibtimes.co.uk
  
  The former Real Madrid captain has returned five years after leaving for Porto.
  
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• F1: Two test positive for COVID-19 ahead of Hungarian Grand Prix

  18-07-2020 18:25 via ibtimes.co.uk
  
  The identities and roles of the positive individuals have not been disclosed.
  
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• IMF exploring additional tools to provide aid to pandemic-hit countries

  18-07-2020 18:16 via uk.finance.yahoo.com
  
  The International Monetary Fund is exploring additional tools to provide financing to the world's poorest countries and others hit hard by the coronavirus pandemic, Managing Director Kristalina Georgieva said on Saturday.Georgieva told finance ministers and central bank governors from the Group of 20 major economies that they should consider extending a freeze in official bilateral debt service payments offered to the poorest countries beyond the end of the year, and work to promote greater priv
  
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• Philadelphia 76ers moves Ben Simmons to power forward position

  18-07-2020 17:55 via ibtimes.co.uk
  
  Previously a point guard, Simmons will be playing in a new position when the NBA season resumes.
  
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• Consumer spending: June sees smallest decline since lockdown began

  18-07-2020 17:48 via uk.finance.yahoo.com
  
  Barclaycard data reveals Brits have been spending more on DIY, electronics and sports gear.
  
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• Government faces £17bn public sector pension discrimination hit

  18-07-2020 17:39 via uk.finance.yahoo.com
  
  The action means three million people are set to recoup an average of £5,600 each.
  
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• Holidaymakers to get money back for cancelled holidays or travel firm collapse with credit notes, Government announces

  18-07-2020 17:38 via uk.finance.yahoo.com
  
  Travellers who accept refund credit notes for cancelled package holidays will get their money back if their trip is cancelled or the travel firm later collapses, the Government has announced.The Civil Aviation Authority (CAA) said the Department for Transport had provided “much-needed clarity” by confirming that such cases will be covered by the Atol scheme.
  
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• G20 should start talks on reducing debts of poorest countries - World Bank chief

  18-07-2020 17:37 via uk.finance.yahoo.com
  
  World Bank President David Malpass on Saturday urged the Group of 20 major economies to extend a freeze in official debt payments by the poorest countries through the end of 2021, and said they should start talks on reducing the debt of some countries.Malpass told a virtual meeting of G20 finance officials that some major official creditors were not participating fully in the Debt Service Suspension Initiative (DSSI), and private creditors should stop collecting payments from the poorest countri
  
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• NBA officially ends race for 2019-20 MVP and other individual awards

  18-07-2020 17:36 via ibtimes.co.uk
  
  Players' performances at the restart won't be considered for several individual awards.
  
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• Zion Williamson leaves NBA bubble due to "urgent" family matter

  18-07-2020 17:23 via ibtimes.co.uk
  
  Williamson left to attend to a family member who had a medical emergency.
  
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• UK travellers warned of surge in compensation scams for flight refunds

  18-07-2020 17:15 via uk.finance.yahoo.com
  
  UK travellers warned of surge in compensation scams for flight refunds. As one firm faces criminal prosecution, air passengers are urged to be wary of Covid-19 refund offers
  
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• ‘I now fear the worst’: four grim tales of working life upended by Covid-19

  18-07-2020 17:06 via uk.finance.yahoo.com
  
  ‘I now fear the worst’: four grim tales of working life upended by Covid-19. Business owners and struggling workers tell how lockdown has hit their livelihoods, security and hopes for the future
  
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• Five key areas Sunak must tackle to serve up economic recovery

  18-07-2020 17:05 via uk.finance.yahoo.com
  
  Five key areas Sunak must tackle to serve up economic recovery. With bad economic news coming hard on the heels of the ‘mini-budget’, we look at the issues the chancellor must address in time for autumn
  
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• Don't post on Facebook unless you are prepared to face the consequences

  18-07-2020 17:00 via uk.finance.yahoo.com
  
  Don't post on Facebook unless you are prepared to face the consequencesThe platform’s advertising software is beautifully engineered but it often produces ugly results
  
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• Coronavirus: Commercial property prices set to plunge 14%

  18-07-2020 16:26 via uk.finance.yahoo.com
  
  The Office for Budget responsibility predicts the value of commercial property will plummet 14% - some £230bn - by the end of the financial year.
  
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• Tesco trials online refill system for ketchup, cola, face creams, shower gel and more

  18-07-2020 16:05 via uk.finance.yahoo.com
  
  Customers can choose from over 150 refillable items, including soap, washing detergent and sauces.
  
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• Coronavirus: Unions call on Johnson for clearer workplace guidance

  18-07-2020 15:34 via uk.finance.yahoo.com
  
  Business leaders and unions say Johnson risks spreading confusion by letting employers decide whether or not to bring staff back into offices and other workplaces.
  
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• Forget gold and Bitcoin. This is how I’d invest in stocks to get rich

  18-07-2020 15:28 via uk.finance.yahoo.com
  
  Are you wondering how to invest in stocks? Roland Head explains how he's investing in the stock market to build long-term wealth.The post Forget gold and Bitcoin. This is how I'd invest in stocks to get rich appeared first on The Motley Fool UK.
  
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• This huge FTSE 100 dividend is suspended for now. I’d buy before it resumes!

  18-07-2020 15:25 via uk.finance.yahoo.com
  
  Regulators urged this FTSE 100 champion to suspend its dividend. When it returns, this share might pay 8%+ a year in cash.The post This huge FTSE 100 dividend is suspended for now. I'd buy before it resumes! appeared first on The Motley Fool UK.
  
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• Coronavirus: Government confirms holiday refund credit notes are protected

  18-07-2020 14:44 via uk.finance.yahoo.com
  
  Department for transport finally confirms that refund promises are secure even if a travel company goes bust.
  
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• Government urged to exclude US cars from post-Brexit trade deal

  18-07-2020 14:13 via uk.finance.yahoo.com
  
  Experts warn of lower safety standards of US vehicles as government prepare for transatlantic trade agreement.
  
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• Before I Forget review: compassionate game about living with dementia

  18-07-2020 14:00 via uk.finance.yahoo.com
  
  Before I Forget review: compassionate game about living with dementia(3-Fold Games, Humble Games)Mystery and melancholy combine in this affecting exploration game in which you navigate through a life unravelling
  
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• Forget gold! I’d buy this investment trust to get rich

  18-07-2020 13:27 via uk.finance.yahoo.com
  
  Buying gold can be a costly and time-consuming activity, but this investment trust offers a way to invest in a diversified portfolio of gold quickly. The post Forget gold! I'd buy this investment trust to get rich appeared first on The Motley Fool UK.
  
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• £5k to invest in UK shares? I’d follow Warren Buffett’s tips to get rich and retire early

  18-07-2020 13:15 via uk.finance.yahoo.com
  
  Warren Buffett’s track record of investment success could mean that following his advice when buying UK shares improves your chances of retiring early.The post £5k to invest in UK shares? I'd follow Warren Buffett’s tips to get rich and retire early appeared first on The Motley Fool UK.
  
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• Coronavirus: Reassurance for travellers over cancelled holiday refunds

  18-07-2020 12:31 via bbc.co.uk
  
  People given refund credit notes, not cash, for their cancelled package holiday are told their money is safe.
  
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• Microsoft president: Global unemployment may reach 250 million

  18-07-2020 12:25 via uk.finance.yahoo.com
  
  Microsoft president Brad Smith says global unemployment could reach 250 million in 2020 but 149 million jobs could be absorbed by new technology.
  
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• Forget buy-to-let. I’d buy cheap UK shares in a Stocks & Shares ISA to retire rich

  18-07-2020 12:17 via uk.finance.yahoo.com
  
  Buying a diverse range of UK shares in a Stocks and Shares ISA could offer greater returns and lower risks than a buy-to-let investment.The post Forget buy-to-let. I’d buy cheap UK shares in a Stocks & Shares ISA to retire rich appeared first on The Motley Fool UK.
  
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• Don’t waste a second stock market crash! Here’s how I’m preparing

  18-07-2020 12:11 via uk.finance.yahoo.com
  
  A second stock market crash could be just around the corner. Investors should prepare by buying blue-chips and holding cash. The post Don't waste a second stock market crash! Here's how I'm preparing appeared first on The Motley Fool UK.
  
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• Bike theft: how to stay safe as UK cycle sales soar

  18-07-2020 12:00 via uk.finance.yahoo.com
  
  Bike theft: how to stay safe as UK cycle sales soarWith thieves ready to pounce, get the best locks and insurance to protect your bicycle
  
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• EU's Michel rejigs recovery fund plan to break summit deadlock

  18-07-2020 11:55 via uk.finance.yahoo.com
  
  European Council President Charles Michel offered a revised plan for the EU's proposed economic recovery fund on Saturday to break a deadlock between the bloc's 27 leaders on the second day of a summit in Brussels, according to a document, diplomats and officials.To assuage concerns by the northern camp of thrifty EU countries led by Dutch Prime Minister Mark Rutte, the share of free grants in the proposed 750 billion euro recovery fund would be reduced to 450 billion euros from 500 billion.
  
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• World faces staggering jobs challenge, says Microsoft president

  18-07-2020 11:32 via bbc.co.uk
  
  A quarter of a billion people are set to lose their job this year, Microsoft's president tells the BBC.
  
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• Twitter hack: 130 accounts targeted

  18-07-2020 11:21 via uk.finance.yahoo.com
  
  Of the Twitter 130 accounts, 45 were successfully hacked, while eight unverified users’ information was accessed and downloaded.
  
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• I think the AstraZeneca share price could help you get rich and retire early

  18-07-2020 11:14 via uk.finance.yahoo.com
  
  The AstraZeneca share price looks set to provide investors with impressive total returns in the years ahead says this Fool. The post I think the AstraZeneca share price could help you get rich and retire early appeared first on The Motley Fool UK.
  
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• Coronavirus: Up to 1,200 job losses as Zizzi and ASK Italian close 75 branches

  18-07-2020 11:07 via uk.finance.yahoo.com
  
  The permanent closure of 75 Zizzi and ASK Italian restaurants will put 1,200 jobs at risk but rescue by investment firm TowerBrook Capital Partners will save 5,000 jobs.
  
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• Tempted by the Standard Life share price? Here are 2 things you should know

  18-07-2020 11:02 via uk.finance.yahoo.com
  
  The Standard Life Aberdeen share price has halved since 2017. Is a dividend cut on the way? Roland Head looks at the key issues.The post Tempted by the Standard Life share price? Here are 2 things you should know appeared first on The Motley Fool UK.
  
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• Boohoo urges Priti Patel to license garment factories

  18-07-2020 10:56
  Group at centre of pay and working conditions allegations calls on home secretary to implement fit to trade scheme
  
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• I think these are the best UK shares to buy now after the stock market crash

  18-07-2020 10:48 via uk.finance.yahoo.com
  
  Many UK shares are still recovering from the major sell-off in equities in March. In my view, these companies are among the best to buy now.The post I think these are the best UK shares to buy now after the stock market crash appeared first on The Motley Fool UK.
  
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• Is the State Pension triple lock facing the axe?

  18-07-2020 10:43 via uk.finance.yahoo.com
  
  David Barnes asks whether the State Pension triple lock could be scrapped and what you can do to protect yourself.The post Is the State Pension triple lock facing the axe? appeared first on The Motley Fool UK.
  
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• Freelancing is not an aspirational, flat white-fuelled dream. The reality is much harder

  18-07-2020 10:36 via uk.finance.yahoo.com
  
  It is tough out there. From the media, to the arts, to the high street – jobs are being shed across every major industry. Every time I see a wave of lay-offs in mine, I think, well, it’s about to get a lot more competitive.The sea of the self-employed is teeming with the able, talented and hungry, not to mention the thousands who finish their education every year. The more desperate people are for work, the less money we demand. And so the cycle of life continues.
  
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• EU nations deadlocked at tense coronavirus recovery summit

  18-07-2020 10:27 via uk.finance.yahoo.com
  
  A stand-off between EU leaders at a summit in Brussels on Saturday threatened to derail plans for a massive stimulus fund to breathe life into their coronavirus-hammered economies."Just a solemn reminder: the Corona crisis is not over: infections on the rise in many countries," Johannes Hahn tweeted.With the pandemic dealing Europe its worst economic shock since World War Two, leaders gathered on Friday to haggle over a proposed 750 billion euro (683.7 billion pounds) recovery fund and a 2021-27
  
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• EU extends summit to Sunday after deadlock over COVID recovery plan

  18-07-2020 10:27 via uk.finance.yahoo.com
  
  European Union leaders failed to agree on a massive stimulus fund to revive their coronavirus-hammered economies on Saturday after two days of fraught negotiations, but extended their summit for another day to try and iron out their differences.As the 27 leaders scurried back to their hotels after a late dinner at the conference hall in Brussels, a source close to summit chairman Charles Michel said they would be handed newproposals before they reconvene at noon (1000 GMT) on Sunday.With the pan
  
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• Dutch welcome new ideas on EU recovery fund but deal far off

  18-07-2020 10:27 via uk.finance.yahoo.com
  
  The Dutch welcomed new proposals on a massive EU stimulus fund on Saturday in a second day of negotiations among the bloc's leaders though a final deal on how to revive growth stifled by the coronavirus pandemic remained far off.The talks on Friday were deadlocked over who should control how the money is spent, as Prime Minister Mark Rutte held out against his EU counterparts after 13 hours of negotiations at a summit in Brussels.With the pandemic dealing many European economies their worst econ
  
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• Covid-19: why hard-hit dividend stocks could make you a fortune in 10 years

  18-07-2020 10:11 via uk.finance.yahoo.com
  
  I think that buying dividend stocks while they offer low valuations could lead to high returns as the world economy gradually recovers.The post Covid-19: why hard-hit dividend stocks could make you a fortune in 10 years appeared first on The Motley Fool UK.
  
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