Business news

• Nasa astronaut Jeanette Epps set to become first black woman to live on International Space Station

  26-08-2020 23:59 via uk.finance.yahoo.com
  
  Nasa astronaut Jeanette Epps looks set to be the first black woman to live on the International Space Station after being chosen for a 2021 mission.Epps’ trip will be her first spaceflight, as well as being a pioneering mission for Nasa.
  
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• Wall Street forges onward as oil producers brace for hurricane

  26-08-2020 23:53 via uk.finance.yahoo.com
  
  Major Wall Street indices set records once again on Wednesday, shrugging off worries about a major hurricane approaching a key US oil-producing region and renewed coronavirus fears that had stymied indices elsewhere.
  
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• Argentina steps toward next debt tango, with the IMF

  26-08-2020 23:49 via uk.finance.yahoo.com
  
  Argentina, set to wrap up a $65 billion (49.19 billion pounds) debt deal with creditors this week, has formally initiated talks to negotiate a new deal to replace its record standby agreement with the International Monetary Fund as it looks to escape from recession and default.In a letter to IMF head Kristalina Georgieva on Wednesday, Argentina's Economy Minister Martin Guzman and central bank chief Miguel Angel Pesce requested formal talks that would lead to a new program to succeed the "cancel
  
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• EU trade commissioner resigns after Covid-19 breach claims

  26-08-2020 23:41 via uk.finance.yahoo.com
  
  EU trade commissioner Phil Hogan, a key figure in Brexit talks and one of the bloc's most senior officials, resigned on Wednesday, after a week of pressure over a breach of coronavirus guidelines.
  
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• UK pension savers lose over £30m to scams since 2017, say regulators

  26-08-2020 22:17 via uk.finance.yahoo.com
  
  Pensions savers have lost more than £30m to fraud in the last three years, regulators have said.Losses ranged from under £1,000 to as much as £500,000 as scammers did not discriminate between large and small pension pots, according to the Financial Conduct Authority and the Pensions Regulator.
  
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• Phil Hogan: Ireland's 'big beast' EU trade chief

  26-08-2020 22:13 via uk.finance.yahoo.com
  
  Phil Hogan, the EU trade commissioner who resigned on Wednesday, was a "big beast" of Irish politics whose bullish demeanour was matched by a nimble talent for backroom manoeuvring.
  
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• Banks urged to continue supporting mortgage holders as payment holiday to end in October

  26-08-2020 22:10 via uk.finance.yahoo.com
  
  The Financial Conduct Authority has said it expects requirements for lenders to offer repayment holidays to mortgage borrowers to expire on 31 October.The watchdog called on its lenders to continue supporting homeowners who are still struggling to pay their mortgages because of the coronavirus crisis, as thousands of people in the UK are hit by job losses and pay cuts.
  
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• Facebook says Apple mobile software will cut ad revenue

  26-08-2020 21:09 via uk.finance.yahoo.com
  
  Facebook on Wednesday said a mobile software update about to be released by Apple will slash revenue for developers relying on its in-app ad network.
  
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• Davos has become a schmooze-fest for sponsors and celebrities

  26-08-2020 21:06 via uk.finance.yahoo.com
  
  Davos has become a schmooze-fest for sponsors and celebritiesWorld Economic Forum capable of highlighting risks that escape attention but it needs to ditch circus
  
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• TikTok to be asked to store data in Britain as it considers moving headquarters to UK

  26-08-2020 20:51 via uk.finance.yahoo.com
  
  Controversial video app TikTok could be welcomed with open arms should it decide to move its international headquarters to London, but may be asked to store user data on British shores, Boris Johnson’s advisors are expected to recommend. A review into the Chinese owned social network, which is used by almost half of all British children aged 8-12 according to Ofcom, will recommend that the app can continue to operate in the UK, despite a possible ban in the US, according to reports. A Lond
  
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• Firms urged to find 'middle ground' on return to UK offices

  26-08-2020 20:48 via uk.finance.yahoo.com
  
  Firms urged to find 'middle ground' on return to UK officesCBI says city-centre outlets dependent on passing trade face uphill battle to survive
  
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• Can Scottish independence backers win economic argument?

  26-08-2020 20:35
  Experts say the challenges of leaving the UK have increased since 2014 referendum
  
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• Coronavirus: Some restaurants extend Eat Out to September

  26-08-2020 20:29 via bbc.co.uk
  
  Firms will use their own money to continue offering discounts when the government promotion ends.
  
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• Mike Pompeo renews attack on HSBC over Hong Kong and China

  26-08-2020 20:24 via uk.finance.yahoo.com
  
  Mike Pompeo renews attack on HSBC over Hong Kong and China. US secretary of state says China bullying UK and claims accounts of pro-democracy customers are being closed
  
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• Central banks can only play 'modest' role in tackling coronavirus inequality

  26-08-2020 19:55 via uk.finance.yahoo.com
  
  Central banks can only do 'modest amounts' to tackle the inequalities emerging from the pandemic, the chief economist of the Bank of England said.
  
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• Compulsory masks could make it harder to get workers back in offices

  26-08-2020 19:41 via uk.finance.yahoo.com
  
  Thousands of small firms struggling with the Covid crisis could suffer a crushing blow if masks are made mandatory in the office, business chiefs have warned. Companies are increasingly fearful that new rules on masks could be imposed as they struggle to bring staff back to work – with many company owners concerned it would kill their efforts to restore normality and bring back the daily commute. The concern comes after France ordered all office workers to wear masks from Tuesday onwards.
  
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• Economy set for November crunch as banks told to end mortgage holidays

  26-08-2020 19:37 via uk.finance.yahoo.com
  
  Millions could face a brutal autumn after the City watchdog announced an end to mortgage holidays at the same time as the taxpayer-funded furlough scheme is axed. Covid-hit workers will no longer be able to demand a break from mortgage payments beyond Oct 31, following a change to rules set out by the Financial Conduct Authority. The furlough programme, which pays up to 80pc of wages for workers unable to do their jobs, will end on the same day - potentially triggering mass redundancies as firms
  
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• Banks told to end mortgage holidays

  26-08-2020 19:37 via uk.finance.yahoo.com
  
  Millions could face a brutal autumn after the City watchdog announced an end to mortgage holidays at the same time as the taxpayer-funded furlough scheme is axed. Covid-hit workers will no longer be able to demand a break from mortgage payments beyond October 31, following a change to rules set out by the Financial Conduct Authority. The furlough programme, which pays up to 80pc of wages for workers unable to do their jobs, will end on the same day - potentially triggering mass redundancies as f
  
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• Australia's economic response to Covid ignores aged care, climate crisis and housing, report finds

  26-08-2020 19:30 via uk.finance.yahoo.com
  
  Australia's economic response to Covid ignores aged care, climate crisis and housing, report finds. ANU report recommends investing in social housing and doubling jobseeker, and warns government is failing to make long-term change to improve equity and health Victoria stage 3 rules explained; Melbourne stage 4 rules explained Victoria and Melbourne trend map Sign up for Guardian Australia’s coronavirus email
  
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• Businesses and customers: share your experiences of 'eat out to help out'

  26-08-2020 19:27 via uk.finance.yahoo.com
  
  Businesses and customers: share your experiences of 'eat out to help out'. We’d like to hear to from staff, owners and customers on how they feel the scheme has been
  
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• Mark Carney takes on new job in Canada

  26-08-2020 19:22 via uk.finance.yahoo.com
  
  Mark Carney takes on new job in Canada. Former Bank of England governor joins asset management firm to lead its ESG investment strategy
  
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• Facebook warns iPhone apps that ad revenues will plummet due to Apple privacy changes

  26-08-2020 19:17 via uk.finance.yahoo.com
  
  Facebook has warned thousands of iPhone app makers that they face a brutal downturn in advertising revenues due to forthcoming privacy changes introduced by Apple. The social media giant said around 19,000 developers that use its advertising network could see income from ads more than halve in the new version of Apple’s operating system. iOS 14, the new software due to be released for around a billion iPhones later this year, will require apps to obtain consent for using a tracking identif
  
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• Facebook says Apple's new privacy rules could spare its own apps but hit smaller companies

  26-08-2020 18:57 via uk.finance.yahoo.com
  
  In a blog post, Facebook said it was making a change to its own apps - which in addition to its flagship app also include WhatsApp and Instagram - that would likely spare them from having to ask iPhone users for data-tracking permissions that many advertising industry insiders believe users will refuse.Facebookshares surged 8.2% on Wednesday to close at $303.91, a record high for a second straight day.In a blog post, Facebook said it was also making changes that could hurt smaller developers tha
  
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• Facebook says Apple's new privacy rules could hurt smaller app companies

  26-08-2020 18:57 via uk.finance.yahoo.com
  
  In a blog post, Facebook said it was making several changes to its advertising business in response to Apple's new rules, which require increased user notifications for ad tracking and will take effect when new iPhones arrive this fall.Facebook said it was considering discontinuing on iPhones a tool called Audience Network, which thousands of developers put into their apps to serve ads.In turn, Facebook collects data about users from the apps where it serves those ads, which it uses to inform hi
  
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• Retail veterans could cash in on £4.5bn Hut Group flotation

  26-08-2020 18:50 via uk.finance.yahoo.com
  
  Retail veterans could cash in on £4.5bn Hut Group flotationFormer bosses of Tesco, Debenhams and Matalan among backers of Manchester-based online firm
  
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• Gatwick Airport plans to cut 600 jobs due to coronavirus

  26-08-2020 18:49 via bbc.co.uk
  
  The job losses follow an 80% drop in passenger numbers due to coronavirus, the airport says.
  
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• Recession investing: The V-shaped economic recovery’s here. I think these are the best UK shares to buy now

  26-08-2020 18:46 via uk.finance.yahoo.com
  
  Recession investing calls as much for taking calculated risk as buying safe stocks. Here are some of the potential gainers in the next months.The post Recession investing: The V-shaped economic recovery’s here. I think these are the best UK shares to buy now appeared first on The Motley Fool UK.
  
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• Harry Maguire set for retrial after being granted appeal against assault conviction in Greece

  26-08-2020 18:46 via uk.finance.yahoo.com
  
  Harry Maguire is set to have a full retrial after being granted an appeal against his conviction for assault and attempted bribery in Greece.
  
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• J&J adds Chile, Argentina and Peru to Latin America COVID-19 vaccine trials

  26-08-2020 18:44 via uk.finance.yahoo.com
  
  U.S. pharmaceutical company Johnson & Johnson has added Chile, Argentina and Peru to the Latin nations where it plans to conduct Phase III trials for its vaccine against COVID-19, the company confirmed on Wednesday.The study will involve 60,000 volunteers from Brazil, Chile, Colombia, Peru, Argentina and Mexico and will be coordinated by J&J'spharmaceutical unit Janssen and local academic centers.
  
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• J&J adds Chile and Peru to Latin America COVID-19 vaccine trials

  26-08-2020 18:44 via uk.finance.yahoo.com
  
  U.S. pharmaceutical company Johnson & Johnson has added Chile and Peru to the Latin nations where it plans to conduct Phase III trials for its vaccine against COVID-19, a university researcher said on Monday.The study will involve 60,000 volunteers from Brazil, Chile, Colombia and Peru and will be coordinated by J&J's pharmaceutical unit Janssen and local academic centres.Miguel O'Ryan of the University of Chile's School of Medicine, which will host the J&J trial, said Chilean govern
  
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• Shark jumps out of waist-deep water, latches onto woman's arm

  26-08-2020 18:19 via ibtimes.co.uk
  
  The three to four foot long shark bit the woman on her bicep while her two young children were a few feet away from her.
  
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• Can the US Fed take on racial inequality?

  26-08-2020 18:15 via uk.finance.yahoo.com
  
  Massive protests against racism have gripped the United States in recent months, and prompted many companies to take a hard look at their policies and try to redress inequalities in hiring.
  
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• Cheap UK shares: easyJet, IAG, Carnival, and TUI are gaining ground fast. Should I buy them now?

  26-08-2020 18:12 via uk.finance.yahoo.com
  
  Cheap UK shares are tempting to buy as the economy recovers but they carry risk. Here's how I'd decide whether to buy them. The post Cheap UK shares: easyJet, IAG, Carnival, and TUI are gaining ground fast. Should I buy them now? appeared first on The Motley Fool UK.
  
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• Rio Tinto shares hit by scandal! Here’s what I’d do now

  26-08-2020 18:10 via uk.finance.yahoo.com
  
  Rio Tinto's stock growth was tempered by a corporate scandal. Is the mining company still a great buy? Anna Sokolidou tries to find out.The post Rio Tinto shares hit by scandal! Here's what I'd do now appeared first on The Motley Fool UK.
  
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• Barnier says Brexit deal needed by late October to ensure safe ratification

  26-08-2020 18:10 via uk.finance.yahoo.com
  
  Michel Barnier, the European Union's chief Brexit negotiator, on Wednesday repeated his call for a deal with Britain on future ties by the end of October, after negotiations made little progress last week."If we are to ensure the ratification of a new treaty in a secure way before the end of the year, we need to have an agreement by around Oct. 31," Barnier told a French employers' federation conference outside Paris.Barnier and his British counterpart, David Frost, blamed each other for the sta
  
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• Western and Southern Open: Serena Williams, Andy Murray run out of steam in New York

  26-08-2020 18:03 via ibtimes.co.uk
  
  Both Williams and Murray could only make it into the third round of the event.
  
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• Congresswoman and 6 of her 55 children accused of husband's murder

  26-08-2020 17:58 via ibtimes.co.uk
  
  Prosecutors announced charges against the politician and 10 other people including her six children and one granddaughter for their roles in the murder.
  
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• This FTSE 250 stock just jumped 20%. I’m seeing a growth plus dividend buy here

  26-08-2020 17:48 via uk.finance.yahoo.com
  
  Coming out of the stock market crash, I think FTSE 250 stocks could beat their FTSE 100 counterparts. Here's one whose shares are already climbing.The post This FTSE 250 stock just jumped 20%. I'm seeing a growth plus dividend buy here appeared first on The Motley Fool UK.
  
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• Boeing, Transport Canada pilots to conduct 737 MAX flight test - source, flightaware data

  26-08-2020 17:48 via uk.finance.yahoo.com
  
  Pilots from Boeing Co and Transport Canada were set to take off on Wednesday morning on a flight test of the 737 MAX jetliner, grounded worldwide after two fatal crashes, according to one industry source and FlightAware data.The test of safety upgrades comes roughly two months after another flight evaluation by the U.S. Federal Aviation Administration (FAA).It marks another crucial step in Boeing's long-delayed path to resume commercial service of the jetliner.
  
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• Facebook warns that new Apple update will change how it gathers information on iPhone users

  26-08-2020 17:43 via uk.finance.yahoo.com
  
  Facebook has warned that Apple's new iPhone update, iOS 14, will change the way it is able to collect information on its users.Apple has argued that the decision is part of its plan to protect its users' privacy by making it more difficult for companies to gather personal information.
  
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• Jim Ratcliffe's Ineos set to make Land Rover Defender rival in France

  26-08-2020 17:34 via uk.finance.yahoo.com
  
  Hopes that billionaire Sir Jim Ratcliffe’s new 4x4 vehicle could be built in the UK are fading after his Ineos company made an official offer to buy a car factory in France. Ineos’s automotive division has made a formal offer to Mercedes-Benz owner Daimler to buy the plant in Hambach, north-east France, which produces Smart cars. Sir Jim had previously talked about building the Grenadier in the UK “if the economics made sense” and had revealed plans for a vehicle assembly
  
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• Jim Ratcliffe's Ineos set to make Defender rival in France

  26-08-2020 17:34 via uk.finance.yahoo.com
  
  Hopes that billionaire Sir Jim Ratcliffe’s new 4x4 vehicle could be built in the UK are fading after his Ineos company made an official offer to buy a car factory in France. Ineos’s automotive division has made a formal offer to Mercedes-Benz owner Daimler to buy the plant in Hambach, north-east France, which produces Smart cars. Sir Jim had previously talked about building the Grenadier in the UK “if the economics made sense” and had revealed plans for a vehicle assembly
  
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• Time is running out to save the UK's tourism industry, says leading travel agent

  26-08-2020 17:16 via uk.finance.yahoo.com
  
  The UK travel industry could collapse into ruin unless the Government takes urgent measures to protect it, a leading travel chief has warned. Ali Shah, the CEO of online travel agent TravelUp, has claimed that tens of thousands of tourism jobs could be lost if plans to wind up the furlough scheme go ahead, causing “irretrievable harm to every aspect of the sector.” He has also cautioned that the industry is suffering from a crisis of confidence among travellers, caused in large part
  
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• WhatsApp 'planning feature to help iPhone and Android users save on storage'

  26-08-2020 17:03 via uk.finance.yahoo.com
  
  WhatsApp will be updating its app in order to assist iPhone and Android phone users who are running low on storage.A new feature, called Storage Usage, will give users greater insight to the files the messaging app has saved which are taking up the most space.
  
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• 'Swapping bodies' changes a person's personality, study reveals

  26-08-2020 17:01 via uk.finance.yahoo.com
  
  Swapping bodies with another person would have a profound effect on the subject's behaviour and even their personality, a new study has revealed.Scientists at the Karolinska Institutet in Sweden discovered a way to allow people to experience the effect of swapping bodies, through a perceptual illusion, in order to understand the relationship between a person's psychological and physical sense of self.
  
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• Hundreds to lose jobs at BMW Mini car plant in Oxford

  26-08-2020 16:59 via uk.finance.yahoo.com
  
  Car manufacturer BMW is set to cut hundreds of jobs at a Mini car factory in Cowley, Oxford.Four-hundred out of 950 onsite agency personnel will be affected in the move, said BMW. The factory, which employs over 4,000 people, stopped production in March at the start of the coronavirus lockdown, and resumed work in May.
  
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• Billion-dollar quantum computing and AI fund announced by US

  26-08-2020 16:56 via uk.finance.yahoo.com
  
  The US plans to invest $1 billion (£760 million) in quantum computing and artificial intelligence research, the White House has announced.The initiative will fund 12 hubs around the country and help the US in its bid to compete with China and Europe in two of the most promising next-generation technologies.
  
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• The Hut Group poised to launch £4.5 billion London listing, sources say

  26-08-2020 16:55 via uk.finance.yahoo.com
  
  British e-commerce firm The Hut Group could launch an initial public offering (IPO) as early as this week in a deal that could value the company at up to 4.5 billion pounds ($5.9 billion), two sources with knowledge of the matter said.In what would be a major boost for a slumbering European IPO market, the company could file its registration document with the London Stock Exchange and a draft "intention to float" in coming days, the sources said.The potential launch of the IPO was first reported
  
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• Market report: Bull run drives markets to record high

  26-08-2020 16:54 via uk.finance.yahoo.com
  
  Global stock markets hit an all-time high on Wednesday, as a bull market that has seen equities quickly shake off their virus-driven losses showed no signs of slowing. The MSCI All-Country World Index – the broadest gauge of stock markets across developed countries and emerging markets – touched 581.11 near the end of the European session, taking it above February’s peak. Global stocks have risen more than 50pc from their March lows, reflecting a charge into equities that has b
  
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• YouTube removes record number of videos as human moderators replaced by AI

  26-08-2020 16:53 via uk.finance.yahoo.com
  
  YouTube has removed more videos in the second quarter of 2020 than ever before.During the coronavirus pandemic, when the video sharing site could not rely on its human moderators as much as previously, YouTube increased its use of automated filters in order to take down videos that could potentially violate its policies.
  
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