Business news

• Boeing testing hand-held UV wand to sanitize cockpits, cabins

  21-08-2020 23:58 via uk.finance.yahoo.com
  
  Boeing Cosaid on Friday it is developing a hand-held wand that emits ultraviolet light to neutralize bacteria and viruses, part of a suite of methods to disinfect flight deck surfaces and controls, as well as surfaces throughout the cabin.Concerns by airline workers and passengers about the spread of COVID-19 has fueled a rush by companies to roll out new technology for aircraft sanitization.The wand would eliminate the need for using alcohol or other disinfectants that could damage sensitive el
  
  Read more

• Exclusive: TikTok to challenge U.S. order banning transactions with the video app - sources

  21-08-2020 23:32 via uk.finance.yahoo.com
  
  TikTok is preparing to mount a legal challenge as early as Monday to President Donald Trump's executive order prohibiting transactions with the popular short video app and its Chinese parent ByteDance, according to people familiar with the matter.Trump issued an executive order on Aug. 14 that gave ByteDance 90 days to divest the U.S. operations of TikTok.ByteDance has been making progress in talks with potential acquirers, including Microsoft Corpand Oracle .
  
  Read more

• Pandemic 'biggest knock to live music in my life'

  21-08-2020 22:53 via bbc.co.uk
  
  The business of selling music is looking healthier, but those who perform it are still suffering.
  
  Read more

• STA Travel goes bust after coronavirus cancellations

  21-08-2020 22:37 via uk.finance.yahoo.com
  
  Popular backpacking and youth travel agency STA Travel has gone bust, the latest business to collapse after the coronavirus turned the industry on its head. STA, which employed 500 staff across 50 branches in the UK, ceased trading on Friday, ABTA, the trade association of travel and tour operators confirmed. The agency, founded in Australia, was criticised for its handling of flight cancellations and travel restrictions early on in the pandemic, with many of young British customers complaining
  
  Read more

• Advertisement

• Coronavirus forces STA Travel out of business

  21-08-2020 22:35 via bbc.co.uk
  
  The firm which focused on the youth tourism market has 50 outlets in the UK.
  
  Read more

• U.S. and EU hatch mini-deal to cut lobster, other tariffs

  21-08-2020 21:50 via uk.finance.yahoo.com
  
  The United States and the European Union on Friday announceda mini-deal valued at around $200 million (152.74 million pounds) to cut import tariffs on a small range of products, including U.S. lobsters, in a sign of easing transatlantic trade tensions.The two, who have been at odds over aircraft subsidies and U.S. President Donald Trump's imposition of punitive tariffs on EU steel and aluminum, announced the deal in a joint statement.Under the agreement, the EU will remove tariffs of 8%-12% on i
  
  Read more

• STA Travel becomes latest casualty of coronavirus crisis

  21-08-2020 21:41 via uk.finance.yahoo.com
  
  STA Travel becomes latest casualty of coronavirus crisisPackage tour firm, which employed around 500 staff in 50 high street branches in the UK, confirms it has ceased trading
  
  Read more

• Student travel agency STA Travel ceases trading

  21-08-2020 21:40 via uk.finance.yahoo.com
  
  The travel agency specialises in package tours for backpackers and young people.
  
  Read more

• Advertisement

• Apple says 'Fortnite' maker wanted 'side letter' to create own game store

  21-08-2020 21:04 via uk.finance.yahoo.com
  
  The disclosure came in a court filing on Friday in which Apple asked a federal judge in California to deny a request by "Fortnite" maker Epic Games to be kept in the iPhone maker's App Store as a dispute between the two over Apple's in-app payment rules plays out.Epic did not immediately respond to a request for comment.
  
  Read more

• UK economy springs back on summer of spending

  21-08-2020 20:19
  Purchasing managers’ index at 7-year high while shopping levels move above pre-coronavirus levels
  
  Read more

• US wins end of EU lobster tariffs in mini trade deal

  21-08-2020 20:18 via bbc.co.uk
  
  Trade officials said the move to roll back some tariffs was part of "improving EU-US relations".
  
  Read more

• Oil majors begin offshore evacuations as storms take aim at Gulf of Mexico

  21-08-2020 20:14 via uk.finance.yahoo.com
  
  BP said it had begun the process of evacuating personnel from offshore platforms and drilling rigs, while also beginning to shut-in production at its four operated platforms in the U.S. Gulf of Mexico, the Thunder Horse, Atlantis, Mad Dog and Na Kika.Shell said it had started to reduce non-essential personnel on some of its offshore facilities.
  
  Read more

• ‘Difficult decisions’ ahead as UK public debt tops record £2tn 

  21-08-2020 20:10
  Eurozone rebound loses steam after months of improvement
  
  Read more

• Coronavirus forces STA Travel UK out of business, leaving travellers chasing refunds

  21-08-2020 20:04 via uk.finance.yahoo.com
  
  STA Travel UK has gone out of business, the Civil Aviation Authority (CAA) has said, in news that will leave thousands of customers chasing worthless refunds.It is the latest travel business to shut down after global tourism ground to a halt as a result of coronavirus.
  
  Read more

• Sushi chain Wasabi launches restructuring with ‘up to 12 stores at risk’

  21-08-2020 19:07 via uk.finance.yahoo.com
  
  Sources close to the process told the PA news agency that a 'handful of stores' could cease trading.
  
  Read more

• Top Amazon executive seen as potential Bezos successor to leave company

  21-08-2020 18:56 via uk.finance.yahoo.com
  
  A long-serving Amazon executive who had been seen as a potential successor to Jeff Bezos is leaving the company, the online retail giant said on Friday. Jeff Wilkes, who runs Amazon's giant consumer business and has been at the company for 21 years, will retire next year. Mr Wilkes, 53, who has helped shaped Amazon's unique selling point among technology companies: putting the customer first, will be replaced by Dave Clark, who currently leads the company’s logistics empire. In an email to
  
  Read more

• Parts of north-west England face tougher coronavirus restrictions

  21-08-2020 18:56
  New data show little sign of a nationwide surge in infections
  
  Read more

• Exclusive: Draft EU methane strategy shies away from binding emissions standards

  21-08-2020 18:53 via uk.finance.yahoo.com
  
  The European Union's long-awaited plan to curb emissions of the potent greenhouse gas methane will not impose binding standards on natural gas sold in the bloc, according to a draft seen by Reuters.Methane is nearly 90 times more potent than CO2 in its first 20 years in the atmosphere, and is emitted from leaky pipelines and infrastructure, and is often burned off at oil and gas fields.As the world's biggest importer of natural gas, the EU is facing pressure from investors, climate campaigners a
  
  Read more

• Cross-party group of MPs criticises privacy watchdog over test and trace scheme

  21-08-2020 18:42 via uk.finance.yahoo.com
  
  A cross-party group of more than 20 MPs has criticised the UK’s privacy watchdog over its handling of the Government’s test and trace scheme. The letter, signed by 22 MPs, calls on the Information Commissioner's Office (ICO) to request changes to the NHS scheme over its use of personal data. “The Government not only appears unwilling to understand its legal duties, it also seems to lack any sense that it needs your advice, except as a shield against criticism,” the MPs wr
  
  Read more

• Wider European concerns drag FTSE down despite positive UK economic data

  21-08-2020 18:36 via uk.finance.yahoo.com
  
  London’s top flight closed 11.45 points lower at 6,001.89 at the end of trading on Friday.
  
  Read more

• Ovo Energy pays £1.2m fine after SSE misses smart meters target

  21-08-2020 18:21 via uk.finance.yahoo.com
  
  Ovo Energy pays £1.2m fine after SSE misses smart meters targetOfgem enforces penalty for failures made by SSE in 2019 before it was bought by its rival
  
  Read more

• Why is Croatia on the quarantine list? And other questions

  21-08-2020 18:05 via bbc.co.uk
  
  People returning to the UK from Croatia must self-isolate from Saturday. We answer your travel questions.
  
  Read more

• One in three Brits have 'no clue' how their pension works

  21-08-2020 18:03 via uk.finance.yahoo.com
  
  Despite three in four Brits paying into a pension plan, a third do not understand how they work.
  
  Read more

• Face masks give facial recognition software an identity crisis

  21-08-2020 17:56 via uk.finance.yahoo.com
  
  Face masks give facial recognition software an identity crisis. As tech firms scramble to keep up with reality of coronavirus, some experts say users must change
  
  Read more

• How to be a cost-savvy parent as kids head back to school

  21-08-2020 17:45 via uk.finance.yahoo.com
  
  Parents are worried about the rising cost of supplies — but stratetic shopping could save them hundreds.
  
  Read more

• PwC accused of not telling regulator about secret meeting with bankers

  21-08-2020 17:32 via uk.finance.yahoo.com
  
  PwC has been accused of failing to tell the City regulator about a secret meeting with bankers on the opposite side of a deal to buy part of its client’s business at which it is alleged to have exchanged inside information. The allegations made by insurance firm Watchstone, which changed its name from Quindell after an accounting scandal, are the latest in a string of claims of incompetence and conflicts against accounting Big Four accountants. The new claims are included in court document
  
  Read more

• PwC accused of not telling FCA about secret meeting with bankers

  21-08-2020 17:32 via uk.finance.yahoo.com
  
  PwC has been accused of failing to tell the City regulator about a secret meeting with bankers on the opposite side of a deal to buy part of its client’s business at which it is alleged to have exchanged inside information. The allegations made by insurance firm Watchstone, which changed its name from Quindell after an accounting scandal, are the latest in a string of claims of incompetence and conflicts against accounting Big Four accountants. The new claims are included in court document
  
  Read more

• Competition to heat up among U.S. stock exchanges with new entrants

  21-08-2020 17:31 via uk.finance.yahoo.com
  
  Three new U.S. stock exchanges are set to launch by the end of September, vying for market share against incumbents like the New York Stock Exchange and Nasdaq Inc , which have benefited from elevated trading volumes during the coronavirus pandemic.Silicon Valley-based Long Term Stock Exchange (LTSE) goes live on Aug. 28, starting with two stocks and then ramping up to include all securities by Sept. 9.The Members Exchange (MEMX), which is backed by a who's who of Wall Street firms, begins a pha
  
  Read more

• Norway finmin summons central bank in bid to defuse wealth fund crisis

  21-08-2020 17:24 via uk.finance.yahoo.com
  
  Norway's finance minister said on Friday he had called the central bank governor to a meeting in a bid to defuse a crisis over the appointment of a wealthy businessman to run the country's $1.1 trillion (834 billion pounds) sovereign fund.Tangen's ownership in London-based AKO Capital posed a potential conflict of interest even though the hedge fund stake would be placed in a blind trust, parliament's finance committee said.
  
  Read more

• Norway finance minister summons central bank chief over wealth fund crisis

  21-08-2020 17:24 via uk.finance.yahoo.com
  
  Norway's finance minister on Friday met with the central bank governor to try to defuse a crisis over the appointment of a wealthy businessman to run the country's $1.1 trillion (834 billion pounds) sovereign wealth fund, the world's largest.Tangen's ownership in London-based AKO Capital posed a potential conflict of interest even though the hedge fund stake would be placed in a blind trust, parliament's finance committee said.
  
  Read more

• Babysitter held baby against running treadmill before burning her with lighter

  21-08-2020 17:24 via ibtimes.co.uk
  
  The woman admitted to harming the child after having a fight with her former partner and being angered by the child's cries.
  
  Read more

• UK bondholders’ bill for inflation reform jumps by £10bn

  21-08-2020 17:22
  Recent collapse in interest rates increases likely losses for investors, says Insight
  
  Read more

• Coronavirus: What are the rules around evictions?

  21-08-2020 17:19 via bbc.co.uk
  
  The ban on evictions has been extended, but how do they work?
  
  Read more

• 'The Umbrella Academy' Season 3 may bring back Harlan

  21-08-2020 17:17 via ibtimes.co.uk
  
  Harlan could return as an older person or a young boy with powers in "The Umbrella Academy" Season 3.
  
  Read more

• Job Retention Scheme still supporting millions as number of furloughed workers falls

  21-08-2020 17:16 via uk.finance.yahoo.com
  
  The number of furloughed workers fell by a quarter between May and June, but the Government’s scheme is still supporting millions of employees.
  
  Read more

• No elk or trout, but Fed's virtual retreat may stoke market's 'animal spirits'

  21-08-2020 17:15 via uk.finance.yahoo.com
  
  Investors could get a hint from Federal Reserve Chairman Jerome Powell next week about how aggressively the U.S. central bank will try to manage the long-term recovery from the coronavirus pandemic.Powell will discuss the Fed's monetary policy framework review - a review it has been undertaking for nearly two years into how it conducts monetary policy - on the opening day of the Kansas City Fed's annual symposium on Thursday.Since the 2007-2009 financial crisis, Fed chiefs have used their keynot
  
  Read more

• Thyssenkrupp steel unit aims for return to profit in fiscal year 2021/22 - WAZ

  21-08-2020 17:14 via uk.finance.yahoo.com
  
  Thyssenkrupp'ssteel division aims to return to profit in the 2021/22 fiscal year, encouraged by a recent slight recovery after a slump due to the coronavirus pandemic, the head of the division told a newspaper.Unit head Bernhard Osburg, however, told WAZ daily that to achieve that return to profitability in the fiscal year beginning on Oct. 1, 2021, the business had its work cut out.
  
  Read more

• Coronavirus: Eviction ban to be extended by four weeks

  21-08-2020 17:13 via bbc.co.uk
  
  The ban for England and Wales now runs until 20 September after fears thousands could lose their homes.
  
  Read more

• 750 million genetically modified mosquitoes have been approved for release in the Florida Keys in 2021

  21-08-2020 17:12 via ibtimes.co.uk
  
  The project was developed and approved in an effort to cull mosquitoes carrying deadly diseases such as Zika, dengue,yellow fever and chikungunya
  
  Read more

• Exclusive: Leading climate action investor group turns focus to Mexico's Pemex

  21-08-2020 17:11 via uk.finance.yahoo.com
  
  One of the world's leading investor groups pushing for more corporate action on climate change said it has added Mexican state-owned oil company Petroleos Mexicanos (Pemex)[PEMX.UL] to its list of targets.Climate Action 100+, whose 450 members manage more than $40 trillion in assets and focus on engaging with companies which produce high levels of greenhouse gas emissions, said it would now look to step up talks with Pemex."Pemex has been added to the list of firms engaged through Climate Action
  
  Read more

• JPMorgan predicts 2 million jobs to be lost if furlough scheme ends in October and urges Rishi Sunak to extend it

  21-08-2020 17:05 via uk.finance.yahoo.com
  
  Economists at banking giant JPMorgan today urged chancellor Rishi Sunak not to end the state-subsidised furlough scheme in October to save nearly 2 million jobs and a worsening recession.Sunak has ruled out extending the the scheme but experts at the world's most powerful bank said continuing it would be "inexpensive" and remove a major risk to the economy in the latter part of year.
  
  Read more

• Katy Perry says she refuses to read her Instagram, Twitter comments

  21-08-2020 17:04 via ibtimes.co.uk
  
  Katy Perry doesn't want to read comments because they are mostly from people who compare her with other female artists.
  
  Read more

• Brazil prosecutors accuse two in alleged Petrobras-Maersk corruption scheme

  21-08-2020 17:03 via uk.finance.yahoo.com
  
  Brazilian prosecutors pressed charges on Friday against two people for an alleged scheme to obtain confidential market information from Petrobrasto benefit A.P. Moller-Maersk , the world's largest shipping company.The case stems from an investigation that started in 2014 as part of Brazil's sprawling Car Wash scandal, which has since included suppliers like Maersk and uncovered corruption throughout multiple countries in more than 70 police operations.A statement released by prosecutors on Frida
  
  Read more

• Fancy the Cineworld share price as a recovery buy? Here’s what you need to know

  21-08-2020 17:00 via uk.finance.yahoo.com
  
  The Cineworld share price is down 75% in 2020, and it's catching the eye of recovery investors. But you need to know a few things before you buy.The post Fancy the Cineworld share price as a recovery buy? Here's what you need to know appeared first on The Motley Fool UK.
  
  Read more

• Turkey's Erdogan hails huge natural gas find

  21-08-2020 16:53 via bbc.co.uk
  
  President Erdogan says a Turkish drilling ship has made a major gas discovery in the Black Sea.
  
  Read more

• This FTSE 250 growth stock has outperformed Amazon in 2020

  21-08-2020 16:51 via uk.finance.yahoo.com
  
  FTSE 250 member AO World's online-only business model has outperformed in 2020. Can investors expect further growth in the price of this stock?The post This FTSE 250 growth stock has outperformed Amazon in 2020 appeared first on The Motley Fool UK.
  
  Read more

• Nationwide protest sparked by rape of 16-year-old by 30 men in Israel

  21-08-2020 16:45 via ibtimes.co.uk
  
  The men reportedly lined up outside a hotel room to take turns and rape the inebriated underaged girl.
  
  Read more

• U.S. business activity surges to early 2019 levels - Markit flash PMI

  21-08-2020 16:41 via uk.finance.yahoo.com
  
  U.S. business activity snapped back to the highest since early 2019 this month as companies in both the manufacturing and services sectors saw a resurgence in new orders even as new COVID-19 cases remain stubbornly high across the country, a purchasing managers' survey showed on Friday.Data firm IHS Markit said its flash U.S. Composite PMI Index rose to a reading of 54.7 this month - the highest since February 2019 - from 50.3 in July.Its flash - or preliminary - indicator for the manufacturing
  
  Read more

• Giant reptile found intact inside belly of ichthyosaur fossil found in China

  21-08-2020 16:38 via ibtimes.co.uk
  
  Paleontologists believe the ichthyosaur died shorty after consuming its last meal due to a broken neck
  
  Read more

• UK extends ban on evicting tenants for another four weeks

  21-08-2020 16:37 via uk.finance.yahoo.com
  
  The British government said on Friday it would extend a ban on evicting tenants from social or private rented accommodation for another four weeks due to COVID-19 pandemic.The government also said there will be a six-month notice period for evicting tenants, meaning renters cannot be evicted until March next year.
  
  Read more

Follow @Business_UKnews on Twitter!