Business news

• Australia needs public investment during the Covid recession, not tax cuts

  05-09-2020 22:00 via uk.finance.yahoo.com
  
  Australia needs public investment during the Covid recession, not tax cuts. It is not enough to get back to where we were, we need to catch up the production that would have happened while we were recovering
  
  Read more

• 'Nobody is safe': why Australia's Covid jobs crisis could last years

  05-09-2020 22:00 via uk.finance.yahoo.com
  
  'Nobody is safe': why Australia's Covid jobs crisis could last years. Economists believe the double whammy of the pandemic will rapidly accelerate structural changes in the labour market
  
  Read more

• Buyer scrum to pick off FirstGroup’s US divisions

  05-09-2020 21:15 via uk.finance.yahoo.com
  
  Some of the world’s biggest buyout funds are circling FirstGroup’s American business as the top investor in the embattled bus and rail operator launches a fresh boardroom coup. The Sunday Telegraph has learnt Canary Wharf owner Brookfield, Apollo Global Management and KKR are among a slew of potential suitors for FirstStudent and FirstTransit. Sources said FirstGroup’s financial advisers had restarted a sales process in recent weeks and attracted significant private equity inte
  
  Read more

• Police clash with anti-migrant protesters at Dover port

  05-09-2020 19:03 via uk.finance.yahoo.com
  
  Anti-migrant protesters have clashed with police, with some arrests being made, during protests at Dover Harbour.At the same time, Kent's Anti-Racism Network activists gathered in the town centre to show solidarity with refugees.
  
  Read more

• Advertisement

• UK’s £2bn Kickstart programme is a step backwards

  05-09-2020 19:00
  It ignores industries of the future, funds companies that don’t need help and will fail to create jobs
  
  Read more

• CBI boss urges UK government to adopt new jobs support scheme

  05-09-2020 18:45
  Carolyn Fairbairn also warns there is a risk of offices dying without further efforts to restore confidence
  
  Read more

• Hospital chief in mask row quit after watchdog’s report

  05-09-2020 18:44 via uk.finance.yahoo.com
  
  A hospital chief who blamed staff for a Covid-19 outbreak quit days after inspectors found that patients and medics were being put at risk by inadequate measures to prevent the spread of the virus. Sarah Tedford resigned as chief executive of Hillingdon hospital, in Boris Johnson's constituency, a week after the Care Quality Commission issued a formal warning notice demanding urgent action to improve "infection control practices". Mrs Tedford had earlier been pictured in the hospital without a m
  
  Read more

• Hospital chief in mask row quit after watchdog’s intervention

  05-09-2020 18:44 via uk.finance.yahoo.com
  
  A hospital chief who blamed staff for a Covid-19 outbreak quit days after inspectors found that patients and medics were being put at risk by inadequate measures to prevent the spread of the virus. Sarah Tedford resigned as chief executive of Hillingdon hospital, in Boris Johnson's constituency, a week after the Care Quality Commission issued a formal warning notice demanding urgent action to improve "infection control practices". Mrs Tedford had earlier been pictured in the hospital without a m
  
  Read more

• Advertisement

• TIM CEO says not a problem to develop 5G without Huawei

  05-09-2020 18:19 via uk.finance.yahoo.com
  
  The head of Telecom Italia said on Saturday the former phone monopoly would have no trouble developing 5G infrastructure in Italy were the government to ban Chinese provider Huawei.The U.S. government has urged allies to exclude Huawei from their next-generation communications infrastructure because it sees a risk the group could give China a strategic opening to spy on the West.Huawei rejects the charges.
  
  Read more

• Ousted Jockey Club boss claims conspiracy

  05-09-2020 18:12 via uk.finance.yahoo.com
  
  The woman ousted as chief executive of the Jockey Club has alleged that her successor conspired to remove her by sharing a private email, in the latest escalation of an extraordinary public clash at the top of horse racing. Lawyers for Delia Bushell, a 48-year-old former BT and Sky executive who resigned last week after an investigation upheld claims of misconduct, including “bullying, racist comments and sharing offensive materials”, wrote to the Jockey Club this weekend with threat
  
  Read more

• Bankers to write Tata Steel bailout plans

  05-09-2020 17:54 via uk.finance.yahoo.com
  
  The Treasury has asked investment bankers to devise a rescue plan for Britain’s biggest steel maker after months of discussions about a deal that could save thousands of jobs. Credit Suisse, along with the management consultancy McKinsey, is to advise on negotiations with Tata Steel, which owns the Port Talbot plant in south Wales that employs 3,500 people. Banking sources told Sky News Credit Suisse will work on a pro bono basis, ending speculation that Government talks with the Indian in
  
  Read more

• Denver Nuggets coach slams NBA for not allowing coaches to bring families to Orlando

  05-09-2020 17:43 via ibtimes.co.uk
  
  NBA players and referees are allowed to bring loved ones inside the bubble but coaches are not.
  
  Read more

• Bosnian Tesla fan impatient for Cybertruck release builds a lookalike

  05-09-2020 17:18 via uk.finance.yahoo.com
  
  A Bosnian fan of both Fordtrucks and Elon Musk's Tesla could not just sit on his hands waiting for the electric carmaker to release its Cybertruck, expected from late 2021.Instead he came up with his own version of the futuristic vehicle.It took eight months for IT specialists and engineers at Igor Krezic's Stark Solutions company to disassemble a rugged Ford Raptor F-150 into its smallest parts and then transform it into petrol-powered vehicle that resembles a Cybertruck.
  
  Read more

• Miami Heat on Fire: Milwaukee Bucks lose three straight games in Eastern Conference Semis

  05-09-2020 17:04 via ibtimes.co.uk
  
  The Bucks are at risk of an early exit from this year's championship.
  
  Read more

• Hope for some, heartbreak for others as house prices go through the roof

  05-09-2020 17:00 via uk.finance.yahoo.com
  
  Hope for some, heartbreak for others as house prices go through the roofWith pent-up demand and the stamp duty holiday sending the cost of homes soaring, we look at the groups and sectors that stand to gain or lose out
  
  Read more

• Brooklyn Nets hire Steve Nash, leaving Black coaches unhappy

  05-09-2020 14:57 via ibtimes.co.uk
  
  Black coaches are saying that hiring Nash is a case of white privilege.
  
  Read more

• Italian PM says accord on Atlantia tollways unit close

  05-09-2020 14:02 via uk.finance.yahoo.com
  
  Italy is close to reaching an agreement over the future of Autostrade per l'Italia, the tollways unit of infrastructure group Atlantia , Prime Minister Giuseppe Conte said on Saturday.Atlantia, controlled by the powerful Benetton family, agreed in July to pull out of Autostrade following the 2018 collapse of a motorway bridge run by the unit, in which 43 people died.Speaking at an event organised by the Fatto Quotidiano newspaper, Conte said discussions were in the "final straight", without givi
  
  Read more

• There Is No Game: Wrong Dimension review – a dizzying torrent of ideas

  05-09-2020 14:00 via uk.finance.yahoo.com
  
  There Is No Game: Wrong Dimension review – a dizzying torrent of ideas. This extraordinary game tests you to the limit – even as it insists that it absolutely does not exist
  
  Read more

• Log on, chill out: holiday resorts lure remote workers to fill gap left by tourists

  05-09-2020 13:47 via uk.finance.yahoo.com
  
  Log on, chill out: holiday resorts lure remote workers to fill gap left by tourists. The Canary Islands join a growing list of destinations wooing ‘digital nomads’ to help replace business lost to the pandemic
  
  Read more

• Italian prime minister says Mediaset could join planned broadband network

  05-09-2020 13:46 via uk.finance.yahoo.com
  
  Italian media group Mediasetcould join the single broadband network that the government wants to create, Prime Minister Giuseppe Conte said on Saturday, adding that rules on telecoms ownership in Italy might have to be revised."Why not?" Conte said, when asked by a journalist if Mediaset, controlled by the family of former prime minister Silvio Berlusconi, could also take part in the broadband project.The government has pushed Telecom Italia (TIM)and state lender CDP to create a single national
  
  Read more

• Car insurance claims fall – but premiums don’t follow

  05-09-2020 13:00 via uk.finance.yahoo.com
  
  Car insurance claims fall – but premiums don’t followCompanies saved millions as vehicles were used less during UK lockdown, but failed to pass this on
  
  Read more

• Epic Games asks court to prevent what it describes as Apple's 'retaliation'

  05-09-2020 12:56 via uk.finance.yahoo.com
  
  Epic Games filed for a preliminary injunction that would put its game back in the App Store and restore its developer account.It argued that Epic Games is "likely to suffer irreparable harm" in the absence of a preliminary injunction and that "the balance of harms tips sharply in Epic's favor".Late last week, Apple terminated Epic Games' account on its App Store amid a legal battle over the iPhone maker's in-app payment guidelines and accusations they constitute a monopoly.
  
  Read more

• TikTok troubles narrow gap between Beijing and ByteDance founder Zhang Yiming

  05-09-2020 10:47 via uk.finance.yahoo.com
  
  ByteDance founder Zhang Yiming has long positioned himself as a global internet entrepreneur, largely eschewing Chinese government involvement, but U.S. demands to sell his crown jewel TikTok are testing the boundaries with Beijing.A year ago, ByteDance was approached by the Chinese government with offers of help when TikTok, a short-video app with a huge following among young people globally, faced political heat in India, a source familiar with the situation told Reuters.
  
  Read more

• Sanofi France chief sees coronavirus vaccine priced below 10 euros

  05-09-2020 10:45 via uk.finance.yahoo.com
  
  A coronavirus vaccine that Sanofiis developing with Britain's GlaxoSmithKlineis likely to be priced at less than 10 euros ($11.80) per shot if it is approved for use, Sanofi's chief in France said on Saturday."The price is not totally set ... We are assessing production costs for the coming months ... We will be below 10 euros," Olivier Bogillot told France Inter radio.
  
  Read more

• Sanofi France chief: future COVID-19 vaccine seen below 10 euros

  05-09-2020 10:45 via uk.finance.yahoo.com
  
  Sanofi'schief in France, Olivier Bogillot, said on Saturday that its future COVID-19 vaccine was likely to be priced below 10 euros per shot."The price is not totally set ... We are assessing production costs for the coming months ... We will be below 10 euros," Bogillot told France Inter radio.Drugmakers and government agencies worldwide are racing to combat the pandemic and develop vaccines and treatments for COVID-19.
  
  Read more

• Investing for a pandemic-proof portfolio

  05-09-2020 10:22 via uk.finance.yahoo.com
  
  What to invest in if the world has changed due to the pandemic...The post Investing for a pandemic-proof portfolio appeared first on The Motley Fool UK.
  
  Read more

• We all have a part to play in supporting micro-businesses

  05-09-2020 10:16 via uk.finance.yahoo.com
  
  Before May 2020, Treddafydd Organic had never taken an online payment. The family-run business in Wales sold fresh, organic produce at a local farmers’ market before the Covid-19 pandemic hit the UK and lockdown took hold. Within weeks, Treddafydd Organic pivoted its offer and started up an ecommerce venture for the first time.With local residents unable to leave their homes and grocery stores stripped bare, places like Treddafydd adapted and offered home delivery for fruit and vegetables.
  
  Read more

• Prince Harry, Meghan Markle 'lobbying' to join politics after $150 m Netflix deal?

  05-09-2020 10:04 via ibtimes.co.uk
  
  The Duke and Duchess of Sussex failed to inform Queen Elizabeth II about the mega-million dollar deal.
  
  Read more

• Thousands of UK flat owners can't sell due to fire safety holdup

  05-09-2020 10:00 via uk.finance.yahoo.com
  
  Thousands of UK flat owners can't sell due to fire safety holdupAfter Grenfell, mortgage lenders insist on a specialist EWS1 survey that can take years to provide
  
  Read more

• Cara Delevingne and Halsey secretly dating? Pair appear to confirm romance with a kiss

  05-09-2020 09:07 via ibtimes.co.uk
  
  In spite of being in a relationship together, the pair has kept themselves open to seeing other people.
  
  Read more

• Tesco asks shoppers to weigh their food bins to help cut waste

  05-09-2020 09:01 via uk.finance.yahoo.com
  
  Tesco asks shoppers to weigh their food bins to help cut wasteProject by supermarket and charity Hubbub aims to tap into changing attitude to food waste after lockdown
  
  Read more

• 'It won't help': businesses take dim view of Blackpool's illuminations plan

  05-09-2020 08:55 via uk.finance.yahoo.com
  
  'It won't help': businesses take dim view of Blackpool's illuminations planTourist town’s hope to stem lockdown losses by extending famous lights display to January met with pessimism* UK tourism hotspots extend their season
  
  Read more

• Duchess Kate's brother James Middleton reveals his wedding has been postponed twice

  05-09-2020 08:11 via ibtimes.co.uk
  
  His post was special as he and Alizee Thevenet marked twelve months of their proposal.
  
  Read more

• UK tourism hotspots extend their holiday season to lure more visitors

  05-09-2020 08:00 via uk.finance.yahoo.com
  
  UK tourism hotspots extend their holiday season to lure more visitors. From Blackpool to Cornwall, UK attractions are opening longer to make up for lost lockdown business
  
  Read more

• Supermarket deliveries: how UK services stack up for price and choice

  05-09-2020 08:00 via uk.finance.yahoo.com
  
  Supermarket deliveries: how UK services stack up for price and choice. The Covid crisis has made many people rethink how they shop – we test the rival options
  
  Read more

• Autumn Phillips lives in Gatcombe estate seven months after split from Peter Phillips

  05-09-2020 07:58 via ibtimes.co.uk
  
  After the duo separated, Autumn Phillips did not return to her home in Canada.
  
  Read more

• Prince William honours emergency workers in video message

  05-09-2020 07:44 via ibtimes.co.uk
  
  The Duke of Cambridge spoke on behalf of himself and his wife Kate Middleton on Friday, thanking the emergency services 999.
  
  Read more

• Exclusive: Goldman Sachs joins syndicate for Ant IPO of up to $30 billion - sources

  05-09-2020 07:43 via uk.finance.yahoo.com
  
  Goldman Sachshas joined the growing list of investment banks working on Chinese financial technology firm Ant Group's mammoth initial public offering of up to $30 billion, two people with direct knowledge of the matter said.Ant, backed by Chinese e-commerce giant Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai, in what sources have said could be the world's largest IPO and come as soon as October.Wall Street major Goldman Sachs has been hired as a joint lead manager on the
  
  Read more

• How being a 'cultural fit' is used against women at work

  05-09-2020 07:00 via uk.finance.yahoo.com
  
  When someone is told they aren’t the right fit for a firm, it may be because they’re a woman, too working class, too foreign or too old to fit in.
  
  Read more

• Coronavirus: Portugal quarantine rule now in force for parts of UK

  05-09-2020 05:21 via uk.finance.yahoo.com
  
  Travellers from Portugal arriving in Scotland must now spend a fortnight in isolation.
  
  Read more

• EU demanding potential veto on Britain's post-Brexit laws, regulations -The Times

  05-09-2020 05:05 via uk.finance.yahoo.com
  
  The British daily reported that EU's chief negotiator, Michel Barnier, is said to be insisting that London must agree not to implement any change to UK legislation that could distort trade with the bloc without first consulting Brussels.Barnier's UK counterpart, David Frost, has rejected the approach, The Times reported.EU diplomats said earlier that Barnier went to London on Tuesday to tell Frost Britain must move on state aid, or there will not be a Brexit agreement.
  
  Read more

• Trump team pushes social media limits as election looms

  05-09-2020 03:11 via uk.finance.yahoo.com
  
  A message saying you "won't be safe" in Joe Biden's America. The former vice president shown "sleeping" during a television interview. Biden "hiding" -- alone -- in his basement.
  
  Read more

• Classic Vauxhall models go on display in Luton exhibition

  05-09-2020 02:57 via bbc.co.uk
  
  Vehicles from more than 100 years of production go on show in the town where they were made.
  
  Read more

• Roche, Blueprint lung cancer drug wins FDA approval

  05-09-2020 02:36 via uk.finance.yahoo.com
  
  The drug, Gavreto, is an oral therapy which selectively targets so-called RET-altered cancers that have mutations that drive tumor growth, which are detected by a test approved by the U.S. Food and Drug Administration.Swiss drugmaker Roche in July struck a pact worth up to $1.7 billion with Blueprint Medicines, for rights to Gavreto, which also awaits FDA approval for treating advanced RET mutant and RET fusion-positive thyroid cancers.
  
  Read more

• Japan's Suga signals ultra-easy monetary policy to continue

  05-09-2020 02:31 via uk.finance.yahoo.com
  
  Japan's Chief Cabinet Secretary Yoshihide Suga, a frontrunner to be the next prime minister, said he would like the central bank to continue its ultra-loose monetary policy as the economy is still struggling with the impact of the coronavirus pandemic.In an interview that ran on Saturday in the Nikkei newspaper, Suga also said he would consider compiling another economic stimulus package by the end of this year to "put the pandemic to an end and shift the economy to a new stage.""I highly approv
  
  Read more

• Argentina's GDP to fall 12% in 2020 due to COVID-19, central bank poll says

  05-09-2020 02:28 via uk.finance.yahoo.com
  
  Argentina's economy is likely to contract 12% in 2020 due to the effects of the COVID-19 pandemic, a central bank survey of economists showed on Friday, a slightly more positive outlook than a month earlier.The forecast compares to the 12.5% estimated the previous month in a survey of specialists published on Friday by the Argentine central bank (BCRA).The economists saw the economy contracting 16.6% in the second quarter, from the 17% previously calculated, while in the third quarter they saw i
  
  Read more

• Juukan Gorge: Rio Tinto hired lawyers for potential injunction against blasting of Aboriginal site

  05-09-2020 01:39 via uk.finance.yahoo.com
  
  Juukan Gorge: Rio Tinto hired lawyers for potential injunction against blasting of Aboriginal siteMinutes show iron ore boss Chris Salisbury was told rock shelters were ‘directly below the blast holes and would be completely damaged’
  
  Read more

• COVID-19 vaccine developers prepare joint safety pledge - WSJ

  05-09-2020 01:22 via uk.finance.yahoo.com
  
  The companies would pledge to adhere to high scientific and ethical standards in the conduct of clinical studies and in their manufacturing processes, the Journal report said, citing the draft of a joint statement that is still being finalized.White House Press Secretary Kayleigh McEnany said on Thursday that even though the stakes are high for President Donald Trump, who is squaring off against former Vice President Joe Biden, there is no political pressure on the U.S. health regulator to quick
  
  Read more

• World Bank cancels loan for controversial Lebanon dam

  05-09-2020 01:14 via uk.finance.yahoo.com
  
  The World Bank on Friday said it was canceling a loan to fund a dam in Lebanon that environmentalists claimed could destroy a valley rich in biodiversity.
  
  Read more

• Etsy gets into S&P 500, Tesla does not

  05-09-2020 01:01 via uk.finance.yahoo.com
  
  The decision by S&P Dow Jones Indices is a blow to Tesla investors who widely expected the company to join the benchmark stock index after a blockbuster quarterly report in July cleared a major hurdle for its potential inclusion.S&P Dow Jones Indices said in a statement it was adding online craft seller Etsy , semiconductor equipment maker Teradyneand pharmaceutical technology company Catalentto the S&P 500, effective Sept. 21, and removing H&R Block , Cotyand Kohls .
  
  Read more

Follow @Business_UKnews on Twitter!