Business news

• Russian agency created fake leftwing news outlet with fictional editors, Facebook says

  01-09-2020 23:16 via uk.finance.yahoo.com
  
  Russian agency created fake leftwing news outlet with fictional editors, Facebook says. Internet Research Agency also hired real, unwitting freelance reporters in operation Facebook has removed
  
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• Mining for renewable energy industry could threaten biodiversity, scientists warn

  01-09-2020 23:05 via uk.finance.yahoo.com
  
  Mining for renewable energy materials could threaten biodiversity, researchers have found. Scientists at the University of Queensland, Brisbane found a high degree of overlap between areas used for mining essential minerals like lithium, which is used for car batteries, and areas with high levels of biodiversity as yet untouched by industry. Conservationists are "often naive to the threats posed by significant growth in renewable energies", the researchers said in the study published in the jour
  
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• US stocks power to fresh records, European bourses mixed

  01-09-2020 22:55 via uk.finance.yahoo.com
  
  Wall Street stocks were in rally mode again Tuesday, while European bourses were mixed after data showed that consumer inflation in the euro area fell in August and manufacturing activity began to soften.
  
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• Black franchisees sue McDonald's for discrimination

  01-09-2020 21:46 via uk.finance.yahoo.com
  
  More than 50 Black former McDonald's franchisees have sued the fast food chain claiming a "systematic" pattern of racial discrimination that hindered their success and forced some out of business -- claims the company strenuously denies.
  
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• Rolls-Royce launches new Ghost amid virus worries

  01-09-2020 21:27 via uk.finance.yahoo.com
  
  Rolls-Royce launched its eagerly-awaited new "Ghost" model on Tuesday, even as the luxury carmaker's chief warned that coronavirus would impact the automotive market for several years.
  
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• Facebook catches Russian trolls targeting Corbyn supporters to attack Boris Johnson and Jacob Rees-Mogg

  01-09-2020 21:24 via uk.finance.yahoo.com
  
  Facebook has taken down a covert Russian influence campaign that targeted supporters of Jeremy Corbyn with scathing attacks on Boris Johnson, Jacob Rees-Mogg and Keir Starmer. The social media giant said on Tuesday that it had removed a small network of Facebook accounts and pages attempting to promote a Left-wing news website called PeaceData, linked to the same Russian "troll factory" that meddled in Britain's EU referendum. The campaign recruited real freelance journalists to write articles,
  
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• Amazon gets FAA approval for drone deliveries

  01-09-2020 21:22 via uk.finance.yahoo.com
  
  Amazon's plans to use drones to deliver packages to customers within 30 minutes of an order being placed has moved a step closer after the retail giant received a crucial flight certificate.The Federal Aviation Administration (FAA) granted a Part 135 air carrier certificate, allowing Amazon to move forward to the next stage of testing for its Prime Air service.
  
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• Glasgow social household visits banned in Covid-19 crackdown

  01-09-2020 21:11
  Tightening of rules in Scotland’s biggest city and two neighbouring authorities after rise in cases
  
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• Tezos legal settlement gets final OK, ending three-year court battle

  01-09-2020 21:09 via uk.finance.yahoo.com
  
  A three-year-long U.S. court battle over a cryptocurrency fundraiser, one of the largest initial coin offerings ever, has ended with a Swiss foundation paying $25 million (18.6 million pounds) to participants who lost money and their lawyers.The litigation followed a Reuters investigation in October 2017 that detailed a bitter feud between the founders of the Tezos cryptocurrency project, Arthur and Kathleen Breitman, and the then-president of the Tezos Foundation, that threatened to derail the
  
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• Google to pass on Britain's digital services tax to advertisers

  01-09-2020 20:48 via uk.finance.yahoo.com
  
  Google is passing on the costs of a new digital services tax to British advertisers, thwarting the government’s plan to claw back some of the revenue generated by the Silicon Valley giant on British shores. Advertisers will be charged an additional 2pc in fees from November 1 to cover the costs, the company told customers on Tuesday. The digital services tax, which came into effect on April 1, charges 2pc on revenues generated in the UK from search engines, social media websites and online
  
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• Even die-hard fans must be wondering if Tesla stock is moving too fast

  01-09-2020 20:47 via uk.finance.yahoo.com
  
  Even die-hard fans must be wondering if Tesla stock is moving too fast. Stock split is merely cosmetic for company whose valuation seems to be controlled by pure psychology
  
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• Ray Kelvin returns to active Ted Baker role via board nominee

  01-09-2020 20:46 via uk.finance.yahoo.com
  
  Ray Kelvin returns to active Ted Baker role via board nominee. Non-executive director Colin La Fontaine Jackson will represent founder’s interests
  
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• US government aid 'essential' to weather downturn: Fed official

  01-09-2020 20:34 via uk.finance.yahoo.com
  
  Government spending will be "essential" to help struggling Americans weather the downturn caused by the coronavirus pandemic, Federal Reserve Governor Lael Brainard said Tuesday.
  
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• U.S. employment projected to increase six million from 2019 to 2029 - Labor Department

  01-09-2020 20:30 via uk.finance.yahoo.com
  
  U.S. employment is projected to increase by 6 million jobs this decade, with the annual growth rate sharply slower than during the economy's recovery from the Great Recession, according to a government report on Tuesday.The projections published by the Labor Department's Bureau of Labor Statistics (BLS) do not include the impact of the COVID-19 pandemic and response efforts, and are developed using models based on historical data."The 2019-29 projections were finalized in the spring of 2020 when
  
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• Bloom time: Morrisons doubles in-store flower stalls to meet demand

  01-09-2020 20:20 via uk.finance.yahoo.com
  
  Bloom time: Morrisons doubles in-store flower stalls to meet demand. UK supermarket chain aims to give jobs to florists who lost work due to coronavirus lockdowns
  
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• Facebook nabs Russia-linked campaign to fuel US chaos

  01-09-2020 20:07 via uk.finance.yahoo.com
  
  Facebook on Tuesday said that it has caught a budding Russia-linked campaign to fuel political chaos in the US, working off a tip from the FBI in its latest take-down of coordinated inauthentic behavior at the leading social network.
  
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• Ray Kelvin back working with Ted Baker after forced hugging scandal

  01-09-2020 20:00 via uk.finance.yahoo.com
  
  Ted Baker founder Ray Kelvin has appointed a representative to the company's board, 18 months after he quit as its boss amid a "forced hugging" scandal and claims of inappropriate behaviour towards staff. The retailer has appointed Colin La Fontaine Jackson to be a nominee director on behalf of Mr Kelvin, who still owns almost 12pc of the business. Mr Kelvin was forced to take a leave of absence in 2018 following claims that he hugged workers who were uncomfortable about it. He was also accused
  
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• Sunak faces dilemma over tax to fill hole in UK Treasury

  01-09-2020 19:47
  With coming Budget and spending review, debate and division on return to sustainable public finances under way
  
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• Facebook says Russian influence campaign targeted left-wing voters in U.S., UK

  01-09-2020 19:32 via uk.finance.yahoo.com
  
  A Russian influence operation posed as an independent news outlet to target left-wing voters in the United States and Britain, including by recruiting freelance journalists to write about domestic politics, Facebook said on Tuesday.Facebook Inc said the operation - which partly focused on U.S. politics and racial tensions in the run-up to the Nov. 3 presidential election - centred around a pseudo media organisation called Peace Data.The website operated 13 Facebook accounts and two pages, which
  
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• Rishi Sunak's tax options are hemmed in by the Tory manifesto

  01-09-2020 19:30 via uk.finance.yahoo.com
  
  Rishi Sunak's tax options are hemmed in by the Tory manifesto. With the furlough scheme ending the chancellor will want to gauge the state of the economy over coming weeks before deciding on tax rises
  
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• Johnson quizzed over claim workers have returned to offices

  01-09-2020 19:19
  Transport figures cast doubt over prime minister’s assertion of ‘huge numbers’ back at work
  
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• France's Vallourec aims to broaden financial restructuring talks

  01-09-2020 19:19 via uk.finance.yahoo.com
  
  French steel pipe maker Vallourecsaid on Tuesday it aimed to hold broader talks on its financial restructuring with all its banks, shareholders and bondholders.The company said it sought to achieve a restructuring that would allow it to address upcoming debt maturities and to rebalance its financial structure.Vallourec has previously held talks only with banks and its main shareholders, it added.
  
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• Boris Johnson quizzed over claim workers have returned to offices

  01-09-2020 19:19
  Transport figures cast doubt over UK PM’s assertion of ‘huge numbers’ back at work
  
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• Coronavirus: UK considers putting Portugal back on quarantine list

  01-09-2020 19:05 via bbc.co.uk
  
  Ministers are deciding whether to reimpose measures for people returning from Portugal, sources say.
  
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• Tottenham announce Trevor Birch as new director of football operations as part of board restructure

  01-09-2020 18:57 via uk.finance.yahoo.com
  
  Tottenham have announced Trevor Birch has their new director of football operations.Birch leaves his role as chairman at Swansea City to take up his new role in north London.
  
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• Nvidia taps Samsung, Micron for new gaming chips

  01-09-2020 18:46 via uk.finance.yahoo.com
  
  Nvidia has long worked with a variety of chip manufacturers to fabricate its devices, and more recently has relied on Taiwan Semiconductor Manufacturing Co Ltdfor its most advanced chips.Samsung will make the new GeForce chips with its 8-nanometer chipmaking process rather than its latest 5nm process.
  
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• Coronavirus pushes leading world economies into record slumps

  01-09-2020 18:35 via uk.finance.yahoo.com
  
  Brazil and India reported historic second-quarter drops in national economic output this week, a situation seen in almost all leading global economies owing to the coronavirus pandemic.
  
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• 'Revenge buying' drives surge in sales of 70-plate new cars

  01-09-2020 18:33 via uk.finance.yahoo.com
  
  Consumers unable to splash out on foreign holidays are spending big on cars, boosting the industry on the first day that new “70-plate” registered vehicles are available. Dealers have reported massive demand for new cars at odds with wider economic gloom as worries about the long-term impact of coronavirus grow. Daksh Gupta, chief executive Marshall Motor Holdings, said: “It’s very busy and my best guess is that it could be 20pc to 30pc up on the same month a year ago.&rd
  
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• A four-day week would help workers and firms

  01-09-2020 18:31 via uk.finance.yahoo.com
  
  A four-day week would help workers and firms. Readers on the viability of working four days to kickstart the economy and boost jobs
  
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• Charles Green should not have been prosecuted over Rangers takeover, Lord Advocate admits

  01-09-2020 18:30 via uk.finance.yahoo.com
  
  The reputation of Scotland’s Crown Office has sustained another serious blow with regard to its dealing with Rangers following the admission of the Lord Advocate, James Wolffe, that Charles Green – formerly chief executive at Ibrox – should not have been prosecuted for fraud in relation to his takeover of the club in 2012. The admission follows an apology by the Lord Advocate to David Whitehouse and Paul Clark, who were appointed administrators after the financial collapse of t
  
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• Saudi Arabia postpones 'Davos in desert' until January

  01-09-2020 18:29 via uk.finance.yahoo.com
  
  Saudi Arabia has postponed an annual Davos-style investment forum until January as the novel coronavirus pandemic continues to disrupt global travel, organisers said Tuesday.
  
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• Indian govt minister accuses Facebook of bias in deepening row

  01-09-2020 18:28 via uk.finance.yahoo.com
  
  India's communications minister on Tuesday accused Facebook of bias against right-wing politics, even after fresh reports about claims that a high-ranking staffer at the social media giant supported the country's Hindu-nationalist ruling party.
  
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• Rolls-Royce says demand for luxury cars is recovering

  01-09-2020 18:26 via uk.finance.yahoo.com
  
  The chief executive of Rolls-Royce said demand for his company's luxury cars is rebounding, helped by sales in Asia, and he is optimistic about the outlook for next year after the coronavirus pandemic hit consumer confidence and closed dealerships.Torsten Muller-Otvos said the demand meant Rolls-Royce Holdings Plcwas the first car company to resume car production in the United Kingdom on May 4."We see a very fruitful business now coming back from Asia, also Europe is coming back on track, the Am
  
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• U.S. manufacturing activity at nearly two-year high; new orders accelerate

  01-09-2020 18:18 via uk.finance.yahoo.com
  
  U.S. manufacturing activity accelerated to a nearly two-year high in August aided by a surge in new orders, but employment at factories continued to lag amid safety restrictions intended to slow the spread of COVID-19.The upbeat report from the Institute for Supply Management (ISM) strengthened expectations for a sharp rebound in economic activity this quarter, though the improvement in manufacturing remained uneven as the coronavirus pandemic boosted demand for goods like home electronics at th
  
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• Is this the ultimate Rolex for collectors? Meet the new and improved Oyster Perpetual Submariner

  01-09-2020 18:14 via uk.finance.yahoo.com
  
  Ask any child or adult to draw a watch and chances are it will look, to some degree, like a Rolex Submariner. The fact is that since its introduction in 1953, the utilitarian Sub has become the archetype of a wristwatch and remains one of the most sought after timepieces on both the new and vintage markets – and, hence, one of the hardest to get your hands on. Unsurprisingly, with a 67-year history, the tale of the Submariner is a long one involving many twists of development and innovatio
  
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• Major tax rises will be needed to tackle record debt levels, Sunak told

  01-09-2020 18:13 via uk.finance.yahoo.com
  
  Major tax rises will be needed to tackle record debt levels, Sunak toldEconomists say significant changes should be kept back until proper recovery takes hold* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Tesla aims to raise $5bn in its biggest issue of new stock in a decade

  01-09-2020 18:06 via uk.finance.yahoo.com
  
  Tesla aims to raise $5bn in its biggest issue of new stock in a decadeElectric carmaker seeking to take advantage of almost 1,000% surge in share price
  
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• Virus-hit Qatar cautiously reopens public transport

  01-09-2020 18:03 via uk.finance.yahoo.com
  
  Qatar resumed bus and rail services on Tuesday for the first time since March, with reduced capacity and tough restrictions to limit the risk of coronavirus spreading between passengers.
  
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• Furlough wind down: 'We prepared for the worst'

  01-09-2020 18:02 via bbc.co.uk
  
  With the furlough support scheme now starting to unwind, many firms are poised for job cuts.
  
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• Google, Apple roll out built-in COVID-19 exposure notifications to phones

  01-09-2020 18:01 via uk.finance.yahoo.com
  
  The new system - called Exposure Notifications Express - will allow public health officials to submit a small configuration file to Apple and Google.In the case of iPhones, a new version of the iOS operating system being released on Tuesday will alert users whether an exposure notification system is available from local health authorities and allow users to set it up without downloading any new apps.
  
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• Sturgeon revives plans for second Scottish independence vote

  01-09-2020 17:51
  First minister vows to publish draft legislation for fresh plebiscite before next May’s parliamentary election
  
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• Bayer appeals $20.5 million Roundup ruling to California Supreme Court

  01-09-2020 17:51 via uk.finance.yahoo.com
  
  Bayer, which acquired Roundup with its purchase of Monsanto for $63 billion in 2018, said the July decision by the California Court of Appeal affirming a 2018 jury verdict in favor of Dewayne Johnson would be relied upon by other courts handling cases over the widely used herbicide.A San Francisco jury initially awarded Johnson $289.2 million after finding the chemical glyphosate in Roundup caused his non-Hodgkin's lymphoma.
  
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• Paedophiles use cheese and pizza emojis as secret code to advertise on social media

  01-09-2020 17:50 via ibtimes.co.uk
  
  Accounts share photos of children on the beach or paddling pools wearing very little clothing
  
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• OPEC August oil output rises for second month as cut eased - survey

  01-09-2020 17:44 via uk.finance.yahoo.com
  
  OPEC oil output has risen by about 1 million barrels per day (bpd) in August, a Reuters survey found, as the group and allies eased record oil supply curbs as the global economy and demand began to recover from the coronavirus pandemic.An easing of lockdowns and lower supply from OPEC, Russia and allies, known as OPEC+, have helped oilclimb above $46 a barrel from April's 21-year low of below $16."Now we are on better ground, but a full recovery is not there yet," said an OPEC delegate.
  
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• Market report: Sputtering Rolls-Royce gives jolty ride

  01-09-2020 17:44 via uk.finance.yahoo.com
  
  Collapsing investor confidence shaved another 14pc off Rolls-Royce’s share price on Tuesday, as the engineer’s Covid-19 agony continued. The engine-maker, which has taken a severe hit amid a pandemic-induced crisis in the global aviation sector, fell 34.4p to 206.7p, leaving it down 70pc this year. Analysts at Credit Suisse said Rolls-Royce’s plans to undertake £2bn in disposals was likely to reduce the need for it to raise money by selling shares, but warned of volatilit
  
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• TikTok offers European users £54m to make videos

  01-09-2020 17:40 via uk.finance.yahoo.com
  
  The Creator Fund is aimed at supporting creative talent across Europe.
  
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• Hiker finds mentally-ill woman caged for 25 years by neighbours

  01-09-2020 17:39 via ibtimes.co.uk
  
  The woman with some undiagnosed disability was abandoned by her relatives and her neighbours claim they kept her locked for her safety.
  
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• Google and Facebook ditch plan to connect Los Angeles to Hong Kong via cable, due to national security concerns

  01-09-2020 17:39 via uk.finance.yahoo.com
  
  A plan to connect Los Angeles and Hong Kong via an underwater data cable has been scrapped due to concerns from the US government that the Chinese government could siphon information from it.The Pacific Light Cable Network (PLCN), which was partly owned by Facebook and Google, will now only operate between the United States, Taiwan and the Philippines, according to documents submitted to the Federal Communications Commission (FCC).
  
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• US manufacturing continues recovery in August: survey

  01-09-2020 17:38 via uk.finance.yahoo.com
  
  US manufacturers saw clear gains in August following the devastation of the coronavirus shutdowns earlier in the year, though damage from the downturn lingers, according to an industry survey Tuesday.
  
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• Teething problems mar first day of Ocado tie-up with Marks & Spencer

  01-09-2020 17:33 via uk.finance.yahoo.com
  
  It has long been the go-to online shop for avocados, artichoke hearts and the other staples of a middle-class pantry. But internet grocer Ocado was serving up disappointment as well as quinoa on Tuesday after teething problems during a switch to stocking products from Marks & Spencer meant that hundreds of orders were axed at the last minute. The company faced a storm of fury on social media as shoppers found they were unable to get their supplies. "'Day one of new Ocado M&S; partnership
  
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