Business news

• U.S. judge denies bail to two men accused of aiding Ghosn escape

  07-08-2020 23:46 via uk.finance.yahoo.com
  
  Judge Indira Talwani rejected bail for U.S. Army Special Forces veteran Michael Taylor and his son, Peter Taylor after Japan had sought their extradition after a magistrate had previously denied their release.Ghosn fled to Lebanon, his childhood home, after being charged in Japan with engaging in financial wrongdoing, including by understating his compensation in Nissan's financial statements.
  
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• CEO Secrets: ‘What I learned from leaders’ behaviour off-camera’

  07-08-2020 23:28 via bbc.co.uk
  
  A look at what business leaders' behaviour off-camera reveals about their real personalities.
  
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• 'We've had 15,000 booked for Eat Out to Help Out'

  07-08-2020 23:23 via bbc.co.uk
  
  Restaurants are cautiously optimistic about their trading prospects as eateries reopen for business.
  
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• WeChat U.S. ban cuts off users link to families in China

  07-08-2020 23:11 via uk.finance.yahoo.com
  
  WeChat, owned by Chinese internet giant Tencent Holdings Ltd , is popular among Chinese students, expats and some Americans who have personal or business relationships in China.Most popular messaging apps in the U.S., including Facebook Messenger , Whatsapp and Telegram have been blocked in China.
  
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• I won a holiday but it turned out to be a big scam

  07-08-2020 23:10 via bbc.co.uk
  
  Sammie Richardson was nearly duped by a fake competition on Instagram but there are more scams out there.
  
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• Bargain-hunters look to U.S. real estate stocks as S&P nears records

  07-08-2020 22:57 via uk.finance.yahoo.com
  
  As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered U.S. real estate sector, where values of some major stocks have been cut in half this year.Coronavirus-fueled lockdowns and a major shift toward working from home have weighed on residential and retail U.S. real estate investment trusts.The sector has slid 7% this year compared with a 3% gain on the S&P 500.
  
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• UK’s Eat Out to Help Out draws in diners, but is it enough?

  07-08-2020 22:30
  Hospitality sector warns it is still in ‘crisis’ despite surge in bookings and sales
  
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• UK’s discount scheme draws in the diners, but is it enough?

  07-08-2020 22:30
  Hospitality sector warns it is still in ‘crisis’ despite surge in bookings and sales
  
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• UK restaurants taste boost from discount dining scheme

  07-08-2020 22:30
  Eat Out to Help Out off to good start, but hospitality sector warns it remains ‘in crisis’
  
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• UK restaurants boosted by discount scheme but still in pain

  07-08-2020 22:30
  Eat Out to Help Out off to good start, but hospitality sector warns of ‘crisis’
  
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• WarnerMedia restructures to focus on HBO Max, senior executives out

  07-08-2020 22:17 via uk.finance.yahoo.com
  
  The restructuring marks the first major action taken by WarnerMedia CEO Jason Kilar, a former Amazon.comexecutive who built Hulu."We're laser focusing on HBO Max and lifting it up in the organization," Kilar said in an interview on Friday.
  
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• WarnerMedia ousts top streaming executives as part of restructuring

  07-08-2020 22:17 via uk.finance.yahoo.com
  
  The restructuring is the first major action taken by Chief Executive Officer Jason Kilar, a former Amazon.comexecutive, who built Hulu."We are elevating HBO Max in the organization and expanding its scope globally," Kilar said in a mail to staff.
  
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• Millionairess denies trying to seduce Harley Street doctor to cover up 'botched' treatment

  07-08-2020 22:03 via uk.finance.yahoo.com
  
  An elderly millionairess accused of trying to "seduce" a celebrity dermatologist in a campaign of harassment was trying to seek redress for botched treatment, a court has heard. Patricia Bailey, 70, allegedly bombarded Dr Philippe Hamida-Pisal with phone calls and texts between October 25 and December 13 last year. The property developer is accused of turning up at the cosmetics expert's Harley Street clinic without warning and following him home, which Dr Hamida-Pisal claims was an attempt to s
  
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• Millionairess accused of trying to seduce dermatologist was seeking redress for botched treatment, court hears

  07-08-2020 22:03 via uk.finance.yahoo.com
  
  An elderly millionairess accused of trying to "seduce" a celebrity dermatologist in a campaign of harassment was trying to seek redress for botched treatment, a court has heard. Patricia Bailey, 70, allegedly bombarded Dr Philippe Hamida-Pisal with phone calls and texts between October 25 and December 13 last year. The property developer is accused of turning up at the cosmetics expert's Harley Street clinic without warning and following him home, which Dr Hamida-Pisal claims was an attempt to s
  
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• Millionairess accused of trying to 'seduce' dermatologist was seeking redress for botched treatment

  07-08-2020 22:03 via uk.finance.yahoo.com
  
  An elderly millionairess accused of trying to "seduce" a celebrity dermatologist in a campaign of harassment was trying to seek redress for botched treatment, a court has heard. Patricia Bailey, 70, allegedly bombarded Dr Philippe Hamida-Pisal with phone calls and texts between October 25 and December 13 last year. The property developer is accused of turning up at the cosmetics expert's Harley Street clinic without warning and following him home, which Dr Hamida-Pisal claims was an attempt to s
  
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• UK quarantine measures: where are the Covid hotspots?

  07-08-2020 21:54
  FT analysis shows cases in France rising but that it is still in better position than some restricted countries
  
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• Preston put into local lockdown after jump in cases

  07-08-2020 20:50
  Government confirms coronavirus restrictions will be retained across parts of northern England
  
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• 'Bull everything' rally leaves investors wondering what to own

  07-08-2020 20:49 via uk.finance.yahoo.com
  
  With assets of all stripes rallying and the S&P 500 Indexapproaching fresh records, investors are facing a dilemma: stay in or get out.Surging U.S. stocks, Treasuries and gold prices have come to the brink of simultaneously notching record highs for the first time in history, while rallies in once beaten-down assets like oil, financial stocks and the euro have accelerated."We are in the 'bull everything' trade," said Christopher Stanton, chief investment officer at Sunrise Capital Partners.
  
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• UK and Japan close in on post-Brexit trade deal

  07-08-2020 20:24
  Two sides thrash out the main elements of an agreement
  
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• Canada slaps retaliatory tariffs on US aluminium goods

  07-08-2020 20:20 via bbc.co.uk
  
  The retaliatory move comes after Canada's deputy prime minister promised a "dollar for dollar" fight
  
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• Coronavirus: UK 'will not hesitate' to add nations to quarantine list

  07-08-2020 20:10 via bbc.co.uk
  
  Chancellor warns there is "always the risk" holidays may be disrupted, as virus cases climb in France.
  
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• Nokia's new CEO adopts wait and see strategy in 'dream job'

  07-08-2020 20:05 via uk.finance.yahoo.com
  
  Nokia's new chief executive Pekka Lundmark said he will take time to re-acquaint himself with the Finnish telecom equipment maker before setting a strategy, as the company jostles for position in the highly political 5G race.U.S. government pressure to limit the use of China's Huawei presents an opportunity for Nokiaas next generation technology is rolled out, but Lundmark would not be drawn."Maintaining good relations with governments in pretty much all parts of the world is extremely important
  
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• What is Tencent?

  07-08-2020 19:50 via bbc.co.uk
  
  The Chinese firm's investments include Fortnite, Tesla and Universal Music - but it's under fire in the US.
  
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• Instagram Reels: Facebook’s history of ‘adapting’ competitors’ familiar features

  07-08-2020 19:37 via uk.finance.yahoo.com
  
  Instagram Reels: Facebook’s history of ‘adapting’ competitors’ familiar features. The tech company, in the midst of antitrust hearings in Congress, has come under fire for cloning other companies’ products before
  
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• UK chancellor defends plan to end job retention scheme

  07-08-2020 19:32
  Rishi Sunak says some people need to start looking for new employment
  
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• Mark Zuckerberg joins Jeff Bezos and Bill Gates in centibillionaire club after his net worth passes $100bn

  07-08-2020 19:31 via uk.finance.yahoo.com
  
  Facebook founder and CEO Mark Zuckerberg became a centibillionaire on Thursday, after his fortune passed $100bn (£76bn) for the first time.Mr Zuckerberg’s net worth increased on Thursday, after he announced the day prior that Facebook will be launching video-sharing app Instagram Reels, which the company hopes will rival TikTok.
  
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• Energy bills to fall by up to £95 a year for millions of households as regulator reduces price cap

  07-08-2020 19:16 via uk.finance.yahoo.com
  
  Around 15 million households will see their gas and electricity bills reduced by up to £95 after the energy regulator reduced its price cap.Ofgem said the new cap will mean suppliers pass on savings from lower wholesale energy prices to customers.
  
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• Stock market crash: 3 cheap UK shares I’d buy today in an ISA to get rich

  07-08-2020 18:59 via uk.finance.yahoo.com
  
  Some UK shares are extremely cheap right now! Anna Sokolidou explains why she'd buy them.The post Stock market crash: 3 cheap UK shares I’d buy today in an ISA to get rich appeared first on The Motley Fool UK.
  
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• Sheryl Sandberg criticises Apple as Facebook launches iPhone gaming app without any games

  07-08-2020 18:49 via uk.finance.yahoo.com
  
  Facebook’s Sheryl Sandberg has hit out at Apple’s strict control over the App Store, claiming the iPhone maker’s policies are harming consumers as Facebook released a stripped-down version of its gaming app on iPhones. On Friday, Facebook released a gaming app that allows users to broadcast themselves playing games and watch other gamers as they play. The Android version of the app includes “instant games”, which people can play against other users, but Facebook has
  
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• WeChat: What is the app Trump wants to ban and how is it like TikTok?

  07-08-2020 18:48 via uk.finance.yahoo.com
  
  President Donald Trump signed an executive order that gives the Chinese messaging app WeChat 45 days before it is banned in the United States.The move comes concurrently with a similar executive order against TikTok.
  
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• More businesses will tap Fed loan programme if economy worsens, Rosengren says

  07-08-2020 18:45 via uk.finance.yahoo.com
  
  American businesses have tapped only a fraction of the funds available through the Main Street Lending Program launched by the U.S. central bank last month, spurring criticism the program was too restrictive and set up too late to help employers."Should the pandemic and the economy worsen, or financial institutions experience larger-than-expected loan losses and depletion of capital – all things we hope do not happen – then I would expect interest in using this program to expand more
  
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• Coronavirus, Brexit, negative rates. What’s the biggest risk to my Stocks and Shares ISA?

  07-08-2020 18:45 via uk.finance.yahoo.com
  
  Jonathan Smith writes how he doesn't believe a second wave of the coronavirus is the biggest risk to his Stocks and Shares ISA for the rest of this year.The post Coronavirus, Brexit, negative rates. What's the biggest risk to my Stocks and Shares ISA? appeared first on The Motley Fool UK.
  
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• Italy set to extend furlough support in new stimulus package

  07-08-2020 18:41 via uk.finance.yahoo.com
  
  Italy is set to approve on Friday a new stimulus package aimed at helping business and families survive the coronavirus crisis, while Rome waits to receive funds from the European Union's Recovery Fund.Italy hopes to front-load this year part of 209 billion euros in grants and cheap loans it should receive from the Recovery Fund starting in 2021.Its economy has been among the worst hit by the crisis, facing 11.2% contraction this year, according to European Commission estimates, the sharpest fal
  
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• Italy extends furlough support in new stimulus package

  07-08-2020 18:41 via uk.finance.yahoo.com
  
  Italy approved on Friday a new stimulus package aimed at helping businesses and families survive the coronavirus crisis, while Rome waits to receive funds from the European Union's Recovery Fund.Italy hopes to front-load this year part of 209 billion euros in grants and cheap loans it should receive from the Recovery Fund starting in 2021.The Italian economy has been among the worst hit by the crisis, facing an 11.2% contraction this year, according to European Union estimates, the sharpest fall
  
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• FTSE finishes in the black after US jobs report buoys markets

  07-08-2020 18:23 via uk.finance.yahoo.com
  
  London’s top flight closed 5.24 points higher at 6,032.18 at the end of trading on Friday.
  
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• Delta wants at least 3,000 flight attendants to take unpaid leave

  07-08-2020 18:23 via uk.finance.yahoo.com
  
  Atlanta-based Delta last month reported a 91% plunge in second-quarter revenue and a $3.9 billion (3 billion pounds) adjusted pre-tax loss.Delta would need at least 3,000 of its roughly 20,000 flight attendants to take unpaid leave of up to 12 months, among other options outlined in a memo reported earlier by CNBC.A person with direct knowledge of the matter confirmed the contents of the memo to Reuters.
  
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• First leg of Amanda Staveley’s battle with Barclays ends

  07-08-2020 18:20 via uk.finance.yahoo.com
  
  A judge on Friday finished hearing evidence at a High Court trial, which began in early June.
  
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• Mark Webber on Formula 1's new reality, Silverstone steering through Covid and his favourite timepieces

  07-08-2020 18:18 via uk.finance.yahoo.com
  
  Nobody can deny that the winds of change are blowing through the 2020 Grand Prix season. A different schedule, new tracks, socially-distanced garages and races run behind closed doors. And all of this against a prevailing focus on inclusivity and diversity within one of the world’s richest sports. With a recognition that there needs to be an active push internally towards “breaking down the stereotypes associated with a career in motorsports”, F1’s CEO Chase Carey has ann
  
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• British Airways: 'I felt forced to take redundancy'

  07-08-2020 17:57 via bbc.co.uk
  
  The airline's cabin crew who are not made redundant on Friday will still face steep pay cuts.
  
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• UK government announces £650m Brexit package for Northern Ireland

  07-08-2020 17:53 via uk.finance.yahoo.com
  
  Gove said that £300m of the package is for the PEACE Plus programme, for which funding was pledged back in 2019.
  
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• Exclusive: PDVSA changes oil deals to include shipping as sanctions bite - documents

  07-08-2020 17:47 via uk.finance.yahoo.com
  
  The United States has blacklisted vessel owners, shipping operators and threatened to sanction any tanker facilitating the country's oil exports as it tightens restrictions on trade with the South American country.Washington has been trying to weaken socialist President Nicolas Maduro by choking the OPEC member's oil exports, depriving the government of petrodollars -- its main source of revenue.Most shipping firms are avoiding Venezuela because of the sanctions, making it difficult and expensiv
  
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• Don’t gamble on the National Lottery. I’d aim to make a million like this

  07-08-2020 17:39 via uk.finance.yahoo.com
  
  Lottery millionaires are few and far between. I think you have a better chance of making a million by investing in the stock market.The post Don't gamble on the National Lottery. I'd aim to make a million like this appeared first on The Motley Fool UK.
  
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• US jobs growth slows in July as pandemic takes toll

  07-08-2020 17:37 via bbc.co.uk
  
  American employers added 1.8 million jobs last month, down from 4.8 million in June.
  
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• UK says has agreement with Japan on core elements of trade deal

  07-08-2020 17:34 via uk.finance.yahoo.com
  
  Britain and Japan have reached consensus on core elements of a post-Brexit bilateral trade deal which the two countries hope to seal in principle later this month, British trade minister Liz Truss said on Friday."Negotiations have been positive and productive, and we have reached consensus on the major elements of a deal, including ambitious provisions in areas like digital, data and financial services that go significantly beyond the EU-Japan deal," Truss said in a statement.
  
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• 'They wouldn't sack cleaners at head office' – workers react as Tesco cuts cleaning staff

  07-08-2020 17:29 via uk.finance.yahoo.com
  
  'They wouldn't sack cleaners at head office' – workers react as Tesco cuts cleaning staffStaff don’t seem to share Tesco’s view that employees will take more pride in cleaning Metro and Express outlets themselves
  
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• Rio Tinto boss under pressure over Aboriginal cave destruction

  07-08-2020 17:25 via uk.finance.yahoo.com
  
  The boss of mining firm Rio Tinto is under growing pressure to quit after his company blew up a 46,000-year-old Aboriginal rock shelter described as one of the most significant finds in Australian archaeological history. Jean-Sebastien Jacques has been condemned across the political spectrum for demolishing the prehistoric site so that Rio could access iron ore deposits worth £135m. The company had been warned in 2018 that the Juukan Gorge cave in Western Australia was a priceless part of
  
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• Family tragedy as teen drowns while mother remains in COVID coma

  07-08-2020 17:18 via ibtimes.co.uk
  
  The 18-year-old who recently got married drowned last week while swimming at River Wharfe, Linton Falls.
  
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• Exclusive: Japan kept activist investor in limbo over key Toshiba vote, sources say

  07-08-2020 17:18 via uk.finance.yahoo.com
  
  Activist fund Effissimo Capital Management, the biggest investor in Toshiba Corp, was kept in limbo by Japan's government over a key shareholder vote until the day before the industrial conglomerate's annual meeting, two government sources said.The delayed approval to hold the vote on appointing outside directors to Toshiba's board illustrates how Japan's tighter rules on foreign ownership, introduced in June and designed to protect industries critical to national security, may also potentially
  
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• Britain's biggest businesses will work from home until 2021

  07-08-2020 17:15 via uk.finance.yahoo.com
  
  Britain’s biggest businesses are not expecting their staff to return to the office before next year despite the Government’s ‘back to work’ campaign, an investigation by the Daily Telegraph has found. More than 20 of the largest companies in the country have said that the majority of their employees will continue to work from home and will do so for the “foreseeable” future. Whilst the majority have told staff that they can come in if they wish, some are activ
  
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• New Zealand passport becomes most desirable travel document in the world

  07-08-2020 17:09 via ibtimes.co.uk
  
  Australia along with 11 other nations come in second to New Zealand and Japan as world's most valuable passports
  
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