Business news

• Fed's Kashkari suggests four to six week shutdown; says U.S. Congress can spend big on coronavirus relief

  02-08-2020 22:32 via uk.finance.yahoo.com
  
  The U.S. economy could benefit if the nation were to "lock down really hard" for four to six weeks, a top Federal Reserve official said on Sunday, adding that Congress can well afford large sums for coronavirus relief efforts.The economy, which in the second quarter suffered its biggest blow since the Great Depression, would be able to mount a robust recovery, but only if the virus were brought under control, Neel Kashkari, president of the Minneapolis Federal Reserve Bank, told CBS' "Face the N
  
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• Vast majority of mid-sized firms in danger unless trade picks up

  02-08-2020 22:04 via uk.finance.yahoo.com
  
  NINE in 10 British companies with revenue between £50m and £350m will only remain in business for the next nine months if trading does not improve, but there are signs of life for the beleaguered firms. A survey of 500 medium-sized businesses conducted for advice firm BDO found that firms had been forced to take out an additional £21m in debt on average to fund themselves through the Covid crisis, with one in 10 unlikely to be able to fully pay it back. This high level of debt
  
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• BBC critisised as over-75s may have to show bank statements for free TV licence

  02-08-2020 21:55 via uk.finance.yahoo.com
  
  Campaigners have criticised the BBC for permitting Capita to ask over 75s to hand over bank statements to prove they are eligible for a free television licence. Age UK has said the “administrative headache” for millions of people could see older people abandoning their right to a free licence because they are worried about fraud. The condemnation comes amid concerns the elderly are among those most often targeted by fraudsters trying to persuade the vulnerable to hand over sensitive
  
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• SpaceX return: How Nasa astronauts' splashdown has changed the future of space travel

  02-08-2020 21:30 via uk.finance.yahoo.com
  
  That's one quick drop for man; one giant splash for mankind.The safe return of SpaceX's Crew Dragon is not on the scale of the moon landings, of course, but it could certainly be a step towards space travel successes of similarly soaring heights.
  
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• Freeport advantages for business are ‘almost non-existent’

  02-08-2020 21:05
  Study suggests only 1% of UK imports by value could benefit from arbitrage opportunity
  
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• SpaceX splashdown: Dozens of boats including one with Trump flag circle around Nasa astronauts as they return to Earth

  02-08-2020 21:01 via uk.finance.yahoo.com
  
  Dozens of boats appear to have circled around Nasa astronauts as they dropped to Earth at the end of a pioneering mission.The large numbers of small craft appeared to be dangerously close to the Crew Dragon carrying the astronauts as it splashed down into the ocean after dropping from space.
  
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• SpaceX return: Trump, Nasa and astronauts celebrate as Crew Dragon successfully completes splashdown on Earth

  02-08-2020 20:55 via uk.finance.yahoo.com
  
  Nasa, Donald Trump and fellow astronauts have welcomed the SpaceX Crew Dragon capsule as it successfully splashed down on Earth.The safe landing brought a close to a two month mission that sent astronauts Bob Behnken and Doug Hurley to the International Space Station, as the final test of the Crew Dragon capsule that SpaceX and Nasa hope represent the future of spaceflight.
  
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• Nasa astronauts safely drop into sea after pioneering SpaceX mission to International Space Station

  02-08-2020 20:51 via uk.finance.yahoo.com
  
  Nasa astronauts have dropped into the sea after a pioneering SpaceX mission to the International Space Station.Bob Behnken and Doug Hurley became the first American astronauts to splashdown in 45 years when they landed in the capsule made by Elon Musk's space firm.
  
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• Record run on Wall Street sets alarm bells ringing

  02-08-2020 20:27 via uk.finance.yahoo.com
  
  The US stock market is at its most overvalued ever on some closely watched measures as Wall Street continues to rise despite the global downturn. The average S&P; 500 stock is trading at record high valuations factoring in profits, surpassing levels seen during the dotcom bubble on some measures, according to Bank of America. Investors warned that US stocks “cannot defy economic gravity indefinitely” after the wave of central bank stimulus triggered a remarkable turnaround on mar
  
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• UK trade secretary to criticise ‘punitive’ US tariffs on Washington trip

  02-08-2020 19:47
  Liz Truss heads to meet American officials to assess progress on reaching bilateral trade agreement
  
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• Trump to 'take action' in TikTok ban, Secretary of State warns

  02-08-2020 19:35 via uk.finance.yahoo.com
  
  US Secretary of State Mike Pompeo said Donald Trump is expected to "take action" against TikTok and other Chinese software in the coming days following the president's threat on 31 July to "ban" the app from operating in the US over national security concerns, though it's unclear how he would do so and what such an order would entail.During an appearance on Fox News on Sunday, Secretary Pompeo claimed that the app is "feeding data directly to the Chinese Communist Party, their national security
  
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• Second major Korean brokerage withdraws financial backing for Adani's coal projects

  02-08-2020 19:30 via uk.finance.yahoo.com
  
  Second major Korean brokerage withdraws financial backing for Adani's coal projectsExclusive: Hanwha follows Samsung in vowing to cease support, saying it had ‘no knowledge’ of environmental issues related to Carmichael mine
  
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• Adani: Second major Korean brokerage withdraws financial backing for miner's coal projects

  02-08-2020 19:30 via uk.finance.yahoo.com
  
  Adani: Second major Korean brokerage withdraws financial backing for miner's coal projectsExclusive: Hanwha follows Samsung in vowing to cease support, saying it had ‘no knowledge’ of environmental issues related to Carmichael mine
  
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• UK trade secretary to criticise US officials over ‘punitive’ tariffs

  02-08-2020 19:12
  Liz Truss heads to Washington to assess progress on reaching bilateral trade agreement
  
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• BA expects to pay just £20m for data breach

  02-08-2020 19:12 via uk.finance.yahoo.com
  
  British Airways expects the £183m fine for breaching data rules to be written down by almost 90pc. The Information Commissioner’s Office (ICO) signaled its intention to fine the airline in July last year after hundreds of thousands of customers’ financial and personal details were stolen during a cyber attack in 2018. The ICO said the airline was compromised by “poor security arrangements” when it unveiled the penalty - one of the first of its kind following the int
  
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• Republican senators back plan to sell TikTok's U.S. operations

  02-08-2020 19:11 via uk.finance.yahoo.com
  
  Two Republican senators back a plan by China's ByteDance to divest the U.S. operations of TikTok after President Donald Trump said on Friday he had decided to ban the popular short-video app.Senator John Cornyn, a Texas Republican, said on Twitter on Sunday that divestment "and purchase by U.S. company is win-win."Treasury Secretary Steven Mnuchin told ABC on Sunday that the Committee on Foreign Investment on the United States "agrees that TikTok cannot stay in the current format because it risk
  
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• U.S. companies leap over low profit hurdle in coronavirus-hit quarter

  02-08-2020 18:28 via uk.finance.yahoo.com
  
  A record high percentage of U.S. companies are beating analysts' forecasts this earnings season, giving investors a glimmer of hope in what is still expected to be the slowest profit period since the financial crisis.More than halfway through second-quarter earnings, 82.1% of companies reporting have surpassed profit expectations, which would be the highest in the history of Refinitiv IBES data going back to 1994.S&P 500 companies have beaten earnings expectations by a whopping 21.7%, also s
  
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• Microsoft 'pauses talks' on TikTok US sale

  02-08-2020 18:24 via uk.finance.yahoo.com
  
  Voicing his opposition to the deal, Trump told reporters on Air Force One that he “preferred to ban TikTok” and wouldn’t support a sale.
  
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• Driver calls 999 during dramatic police chase

  02-08-2020 18:15 via uk.finance.yahoo.com
  
  The moment a dangerous driver in Newcastle calls 999 and falsely claims to have a child on board during a police chase.
  
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• Argentina creditors seek global support for bond clause changes

  02-08-2020 17:45 via uk.finance.yahoo.com
  
  A group of Argentina's creditors has contacted the Institute of International Finance and other global bodies for support to amend legal clauses in its sovereign bond restructuring, a spokesman for the organisation said.Buenos Aires is trying to clinch a deal to restructure around $65 billion (49.7 billion pounds) in foreign debt by Tuesday, though it is likely to push that deadline back after bondholders grouped behind a counter-proposal, causing an impasse in talks.Specific details of what cre
  
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• Nick Kyrgios pulls out of the US Open due to coronavirus fears

  02-08-2020 17:33 via ibtimes.co.uk
  
  Kyrgios has always been a critic of returning to competition amid the coronavirus pandemic.
  
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• Trump takes aim at Chinese tech firms

  02-08-2020 17:30 via uk.finance.yahoo.com
  
  Donald Trump is set to “take action” on Chinese tech companies supposedly supplying data to Beijing, US secretary of state Mike Pompeo said yesterday. The US government has long suggested it may look to ban Chinese platforms such as TikTok over national security concerns. “President Trump has said ‘enough’ and we’re going to fix it and so he will take action in the coming days with respect to a broad array of national security risks that are presented by softw
  
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• Microsoft bid for TikTok on hold amid Trump ban fears

  02-08-2020 17:30 via uk.finance.yahoo.com
  
  Microsoft’s bid to buy social media platform TikTok has been put on hold after US President Donald Trump indicated he wanted to ban the app entirely. An agreement with Chinese giant ByteDance was believed to be close but comments made by Mr Trump have led to negotiations being paused, the Wall Street Journal reported, citing unnamed sources. TikTok has surged in popularity since it was founded six years ago and now has an estimated 500m active users worldwide with about a fifth of the tota
  
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• As the RDSB share price falters on results, are Shell shares a good buy?

  02-08-2020 17:14 via uk.finance.yahoo.com
  
  The RDSB share price is falling after releasing its second-quarter results but all is not lost for this FTSE 100 (INDEXFTSE:UKX) energy giant.The post As the RDSB share price falters on results, are Shell shares a good buy? appeared first on The Motley Fool UK.
  
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• Northern Ireland to be left out of new UK car emission restrictions

  02-08-2020 16:48 via uk.finance.yahoo.com
  
  Northern Ireland to be left out of new UK car emission restrictionsQuirk in regulations means vehicles sold there will count as EU sales for strict CO2 limit
  
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• Investors air concerns of "greenwashing" amid ethical funds confusion

  02-08-2020 16:40 via uk.finance.yahoo.com
  
  There is often a mismatch between fund management definitions and what investors understand to be “ethical,” says the consumer champion.
  
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• Crunch vote to settle Petropavlovsk battle

  02-08-2020 16:38 via uk.finance.yahoo.com
  
  A battle for control at a major Russian gold miner is coming to a head with a crunch shareholder vote due on Monday next week. Chief executive Pavel Maslovskiy and other directors were booted off the board of Petropavlovsk in June as part of what opponents claim is an attempt by largest shareholder and rival UGC and others to gain control of the FTSE 250 company on the cheap. Next week shareholders will have to choose between directors, including Dr Maslovskiy, put forward by 15pc shareholder Pr
  
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• Trump to act on Chinese software companies in coming days - Pompeo

  02-08-2020 16:37 via uk.finance.yahoo.com
  
  President Donald Trump will take action shortly on Chinese software companies that are feeding data directly to the Beijinggovernment, posing a risk to U.S. national security, Secretary of State Mike Pompeo said on Sunday."President Trump has said 'enough' and we're going to fix it and so he will take action in the coming days with respect to a broad array of national security risks that are presented by software connected to the Chinese Communist Party," Pompeo said on Fox News Channel's "Sunda
  
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• Firms voice concern over leaving EU without a trade deal as private sector activity falls

  02-08-2020 16:36 via uk.finance.yahoo.com
  
  The CBI said its study suggested that three out of four firms are worried about the impact of a non-negotiated exit from the EU.
  
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• Posh dog food firm creates 500 jobs

  02-08-2020 16:20 via uk.finance.yahoo.com
  
  An upmarket dog food company backed by the former boss of Sky Bet is creating up to 500 new jobs at a new factory near Doncaster. Butternut Box, whose chairman is Richard Flint, is targeting the burgeoning premium pet food market. Co-founder Dave Nolan is hoping to follow in the footsteps of Lily’s Kitchen, which was sold to food giant Nestle Purina in a deal worth more than £100m. Unlike Lily’s Kitchen, however, Butternut Box sells direct to customers online rather than in sho
  
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• Genoa's new bridge puts spotlight on how Italy can manage recovery

  02-08-2020 15:54 via uk.finance.yahoo.com
  
  Just two years after part of Genoa's Morandi bridge collapsed killing 43 people, a new structure opens in the port city on Monday, in stark contrast to Italy's stalled infrastructure projects elsewhere.The new kilometre-long bridge, designed by star architect Renzo Piano, replaces the old motorway viaduct which broke apart on Aug. 14, 2018 in one of Italy's worst civil disasters in decades.The accident laid bare years of mismanagement and poor maintenance and set off an acrimonious battle betwee
  
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• Travel firms offer taxpayers dividends to land furlough extension

  02-08-2020 15:26 via uk.finance.yahoo.com
  
  Travel firms are offering to hand dividends to the Exchequer in return for an extension of the Government’s furlough scheme until the end of the year. With hopes of a recovery this year snuffed out by the re-introduction of travel quarantines, the business travel industry will this week urge ministers to consider a “parachute package” to rescue companies from ruin. The radical proposals, put forward by the Business Travel Association, are intended to be self-funding and designe
  
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• 3 steps I’d take when investing in today’s volatile stock market to make a million

  02-08-2020 14:40 via uk.finance.yahoo.com
  
  Focusing your capital on financially-sound businesses and diversifying across multiple sectors could help you make a million in a volatile stock market.The post 3 steps I'd take when investing in today's volatile stock market to make a million appeared first on The Motley Fool UK.
  
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• Don’t waste the stock market crash! I’d buy cheap UK shares in an ISA today

  02-08-2020 14:27 via uk.finance.yahoo.com
  
  I think the stock market crash could be a rare opportunity to buy cheap UK shares to grow your ISA over the long run.The post Don’t waste the stock market crash! I’d buy cheap UK shares in an ISA today appeared first on The Motley Fool UK.
  
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• Orlando Magic player Jonathan Isaac explains why he didn't wear "Black Lives Matter" shirt

  02-08-2020 13:49 via ibtimes.co.uk
  
  Isaac did not take a knee in protest alongside other NBA players either.
  
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• Stock market crash: I’d invest £10k in these 3 UK shares in an ISA to make a million

  02-08-2020 13:39 via uk.finance.yahoo.com
  
  Don't be afraid of another stock market crash! Royston Wild explains why now's a great time to try to get rich with UK shares.The post Stock market crash: I’d invest £10k in these 3 UK shares in an ISA to make a million appeared first on The Motley Fool UK.
  
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• LA Clippers' Doc Rivers surpasses Red Auerbach in NBA's all-time winningest coach list

  02-08-2020 13:29 via ibtimes.co.uk
  
  Rivers has now recorded 939 victories as an NBA coach.
  
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• Tempted by the Barclays share price? Here’s what you need to know

  02-08-2020 13:23 via uk.finance.yahoo.com
  
  Buying the Barclays share price today could produce high total returns in the years ahead as the economy recovers and the bank returns to growth. The post Tempted by the Barclays share price? Here's what you need to know appeared first on The Motley Fool UK.
  
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• Boston Celtics guard Marcus Smart fined $15,000 for criticising officials

  02-08-2020 13:11 via ibtimes.co.uk
  
  The Bucks defeated the Celtics 119-112 on Friday.
  
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• Stock market crash: 3 cheap shares I’d buy to make a million

  02-08-2020 13:06 via uk.finance.yahoo.com
  
  The stock market crash sent these shares plunging to low levels. Buying them while they're cheap could produce high total returns in the years ahead. The post Stock market crash: 3 cheap shares I'd buy to make a million appeared first on The Motley Fool UK.
  
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• A FTSE 100 dividend stock I think will pay you for the rest of your life

  02-08-2020 12:57 via uk.finance.yahoo.com
  
  While many blue-chip companies have recently cut their dividends, there's one FTSE 100 dividend stock that has stood firm. The post A FTSE 100 dividend stock I think will pay you for the rest of your life appeared first on The Motley Fool UK.
  
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• 2 FTSE 250 ‘coronavirus stocks’ I’d buy right now

  02-08-2020 12:56 via uk.finance.yahoo.com
  
  These 'coronavirus stocks' could benefit from rising sales for their services in the years ahead as technology becomes more important. The post 2 FTSE 250 'coronavirus stocks' I'd buy right now appeared first on The Motley Fool UK.
  
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• Tempted by the GSK share price? Here’s what you need to know

  02-08-2020 12:47 via uk.finance.yahoo.com
  
  GSK’s share price has fallen this year due to growth concerns, but the issues facing the business should be temporary and growth may recover in 2021.The post Tempted by the GSK share price? Here's what you need to know appeared first on The Motley Fool UK.
  
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• New UK coronavirus restrictions will test optimism over economic recovery

  02-08-2020 12:32 via uk.finance.yahoo.com
  
  New UK coronavirus restrictions will test optimism over economic recoverySome have reasons to be cheerful despite the gloom but flip-flopping in Whitehall is not helping growth
  
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• Best UK shares: I’d buy dirt-cheap FTSE 100 dividend stocks today for a passive income

  02-08-2020 12:24 via uk.finance.yahoo.com
  
  Buying the best UK shares on offer across the FTSE 100 (INDEXFTSE:UKX) could produce an attractive dividend income in my view.The post Best UK shares: I’d buy dirt-cheap FTSE 100 dividend stocks today for a passive income appeared first on The Motley Fool UK.
  
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• Catharine French obituary

  02-08-2020 12:14 via uk.finance.yahoo.com
  
  Catharine French obituary
  
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• Siemens Healthineers strikes $16.4bn Varian Medical deal

  02-08-2020 12:09 via uk.finance.yahoo.com
  
  The combined company will offer an integrated platform of end-to-end oncology solutions to address the entire continuum of cancer care.
  
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• 'Automatic' planning permission given for new homes in overhaul

  02-08-2020 12:07 via uk.finance.yahoo.com
  
  Housing Secretary Robert Jenrick has proposed a complete overhaul of 'outdated and complex' planning system.
  
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• How I’d invest £100 a month in cheap UK shares in a Stocks and Shares ISA to make a million

  02-08-2020 11:52 via uk.finance.yahoo.com
  
  Now could be the perfect time to make the most of the stock market crash and buy cheap UK shares before their prices recover. The post How I'd invest £100 a month in cheap UK shares in a Stocks and Shares ISA to make a million appeared first on The Motley Fool UK.
  
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• New homes to get 'automatic' permission in England planning shake-up

  02-08-2020 11:49 via bbc.co.uk
  
  The housing secretary says a "permission in principle" will speed-up building and create jobs.
  
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