Business news

• Brexit: Back me over the bill, Johnson tells Tory MPs

  11-09-2020 23:45 via bbc.co.uk
  
  The PM calls for no return to "squabbling", but the EU ramps up opposition to UK government plans.
  
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• China could leave Trump to ban TikTok instead of allowing sale to US bidder

  11-09-2020 23:32 via uk.finance.yahoo.com
  
  Chinese officials want to block TikTok from being sold to an American company because they believe it would make China look weak on the global stage, according to reports. Sources told Reuters that the Chinese government would prefer to see the embattled video-sharing app thrown out of the United States entirely than submit to a forced sale. US President Donald Trump has demanded that TikTok's Beijing-based parent company Bytedance offload it to a US company by September 20, or else be banned. M
  
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• Ex-Google boss Eric Schmidt: US 'dropped the ball' on innovation

  11-09-2020 23:31 via bbc.co.uk
  
  Eric Schmidt says America has fallen behind China when it comes to funding new technology.
  
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• Mixed day for global stocks amid troubles with Brexit, US tech

  11-09-2020 23:30 via uk.finance.yahoo.com
  
  World stock markets were mixed Friday as European traders mulled Britain's increasingly acrimonious war dance with the EU, while in the United States technology shares continued to pull back.
  
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• Lockdown for a second time: 'It can't get any worse'

  11-09-2020 23:22 via bbc.co.uk
  
  How are firms in Bolton - many of which have just reopened - coping with the new local restrictions?
  
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• Police debunk false social media rumours about Antifa starting West Coast wildfires

  11-09-2020 22:26 via uk.finance.yahoo.com
  
  Firefighters and police dealing with the unprecedented wildfires burning across the west coast of the US say false conspiracy theories spreading online are sapping their resources. Facebook is “an absolute cesspool of misinformation right now”, one Washington State firefighter said, referencing questions from the public about fires being deliberately started by political groups. Over three million acres have burned in California, Washington, and Oregon, with at least 16 people killed
  
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• FAA to begin key Boeing 737 MAX training review on Monday in London

  11-09-2020 22:13 via uk.finance.yahoo.com
  
  The U.S. Federal Aviation Administration (FAA) said a training review for the grounded Boeing737 MAX will begin on Monday in London, a key milestone for the plane's eventual return to service.The FAA said the Joint Operations Evaluation Board (JOEB) for the Boeing 737 MAX will take place at London Gatwick Airport and meet for approximately nine days "to review Boeing’s proposed training for 737 MAX flight crews" and will include civil aviation authorities and airline flight crews from the
  
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• US budget deficit soars to $3tn record

  11-09-2020 22:08 via bbc.co.uk
  
  Coronavirus aid programmes have prompted the gap between spending and tax receipts to explode.
  
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• Johnson was given warnings on effect of Irish protocol

  11-09-2020 22:00
  Civil service briefing paper to ministers before Brexit deal became law pointed to onerous state aid provisions
  
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• Indigenous leaders say Rio Tinto dumping executives must be beginning of genuine transformation

  11-09-2020 22:00 via uk.finance.yahoo.com
  
  Indigenous leaders say Rio Tinto dumping executives must be beginning of genuine transformation. Australia’s biggest superannuation funds also demand the miner guarantee the protection of culturally important sites
  
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• Turkey farmers 'on tenterhooks' over Christmas demand

  11-09-2020 20:58 via bbc.co.uk
  
  Some farmers are concerned about over-supply and restrictions on social gatherings.
  
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• Billion-dollar Lululemon under fire for promoting 'resist capitalism' event

  11-09-2020 20:58 via uk.finance.yahoo.com
  
  Billion-dollar Lululemon under fire for promoting 'resist capitalism' event
  
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• New law will stop EU ‘breaking up our country’, Johnson tells MPs

  11-09-2020 20:51
  Prime minister defiant over Brexit treaty move as MEPs threaten to veto future trade deal with UK
  
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• Restaurants predict mass evictions as moratorium ends

  11-09-2020 20:35 via uk.finance.yahoo.com
  
  Bosses of Burger King, Itsu, Shake Shack and other restaurants with around 600 UK sites are urging Boris Johnson to extend the ban on commercial evictions, or risk widespread closures and redundancies. They claim that around 30pc of landlords in their experience have “indicated their intention to evict, issue final demands for full payment or otherwise indicated they will not support any restructure of Covid-19-incurred rent debt”. Backed by delivery app Deliveroo, they want the Gove
  
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• Lenders plan to get their Cote as brasserie suffers in lockdown

  11-09-2020 20:34 via uk.finance.yahoo.com
  
  Restaurant chain Cote could change hands through a debt-for-equity swap after suffering a financial blow during lockdown. BC Partners, which took control of Cote five years ago, is in talks to offload the casual dining chain to the debt holders, Partners Group. Cote has expanded its French-style brasseries to nearly 100 locations since launching in 2007. The chain had been shrugging off the toxic conditions of rising costs and weak demand, which are dogging the casual dining sector. Pre-tax prof
  
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• Extra coronavirus restrictions introduced in West Midlands

  11-09-2020 20:22
  Area covering population of 1.6m hit with curbs on meeting people at home after rise in infections
  
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• Facebook out to recruit poll workers for US election

  11-09-2020 20:16 via uk.finance.yahoo.com
  
  Facebook chief Mark Zuckerberg on Friday said the social network will launch a drive this weekend to recruit much-needed workers to staff US polling places in the coming election.
  
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• Mother of Isil Beatle agrees her sons actions were 'barbaric' as she launches High Court action

  11-09-2020 20:06 via uk.finance.yahoo.com
  
  The mother of an Isil 'Beatle' has agreed that her son's actions were “barbaric” as she launches High Court action against the Home Secretary. Maha Elgizouli, whose son El Shafee Elsheikh and his co-defendant are in US custody, is bringing a judicial review at the High Court after Ms Patel decided to provide material to the American government. Elsheikh and Alexanda Kotey are both accused of being part of a terror cell of executioners in Syria, nicknamed The Beatles for their British
  
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• British Airways pins its survival on 'rigorous' coronavirus airport testing

  11-09-2020 20:06 via uk.finance.yahoo.com
  
  British Airways “can survive”, but only if the Government takes action on airport testing, the company’s chief executive has warned. In an article for the Telegraph, Alex Cruz warned that the aviation sector was fighting “for its very survival” after losing 95 per cent of its flights during lockdown, and still running at only 30 per cent of capacity in face of the 14-day UK quarantine. This week, BA announced it had cut 8,236 jobs. “These are the toughest time
  
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• European Commission to propose more ambitious emissions limits for autos -report

  11-09-2020 19:50 via uk.finance.yahoo.com
  
  The European Commission will propose that the European Union further tighten its limits for auto emissions, German newspaper the Sueddeutsche Zeitung reported on Friday.The newspaper, citing an internal paper it had obtained, said the Commission would propose that in 2030, the average carbon dioxide emissions of new cars should be 50% below 2021 levels.A spokeswoman for the Commission declined to comment.
  
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• European Commission to propose more ambitious emissions limits for autos - draft

  11-09-2020 19:50 via uk.finance.yahoo.com
  
  The European Commission will propose that the European Union further tighten its auto emissions limits, according to a draft document seen by Reuters on Friday, prompting a pushback fromGermany's car industry, the region's biggest.Under the proposal, by 2030 the average carbon dioxide emissions of new cars should be 50% below 2021 levels.Germany's auto association VDA said it would firmly reject a further tightening of the targets, which the German daily Sueddeutsche Zeitung first reported.
  
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• Apple revises App Store guidelines, loosening some in-app payment rules

  11-09-2020 19:23 via uk.finance.yahoo.com
  
  The company made the changes after criticism from developers over its App Store practices and after some of its rivals such as Microsoft Corpand Alphabet Inc'sGoogledeclined to launch their streaming game platforms on iPhones because of Apple's rules.
  
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• Dr. Martens owner picks Lazard for UK float in early 2021 - sources

  11-09-2020 19:20 via uk.finance.yahoo.com
  
  The private equity owner of Dr. Martens has hired Lazard to prepare a stock market listing of the British boot brand, known for its yellow stitching and a youth culture staple, two sources familiar with the matter told Reuters.Permira, which bought Dr. Martens in 2014 for 380 million euros (352.77 million pounds), is looking at a London listing early next year and has asked Lazard to handle the preparation work for the 73-year-old firm, the sources said, speaking on condition of anonymity as the
  
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• Exclusive: China would rather see TikTok U.S. close than a forced sale - sources

  11-09-2020 19:19 via uk.finance.yahoo.com
  
  ByteDance has been in talks to sell TikTok's U.S. business to potential buyers including Microsoft and Oracle since U.S. President Donald Trump threatened last month to ban the service if it was not sold.Trump has given ByteDance a deadline of mid September to finalise a deal.
  
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• Euronext, Deutsche Boerse vie for Milan stock exchange 

  11-09-2020 18:54 via uk.finance.yahoo.com
  
  Pan-European stock market operator Euronext and Germany's Deutsche Boerse on Friday announced rival offers to try to buy Milan's Borsa Italiana, setting the stage for a bidding war.
  
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• BT hangs up on Dixons Carphone

  11-09-2020 18:45 via uk.finance.yahoo.com
  
  BT has dealt a blow to Dixons Carphone by calling time on a two-decade old relationship with the electricals retailer. The telecoms company has opted not to renew its EE mobile contract when it ends this month in favour of investing in its own retail empire. It is another setback for the retailer's mobile phone seller Carphone Warehouse, which was stung by O2's decision not to continue its contract earlier this year. The move poses questions over Dixons Carphone's existing relationships with mob
  
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• Rio Tinto oustings show shareholders finally getting tough on bad behaviour

  11-09-2020 18:44 via uk.finance.yahoo.com
  
  Five years ago, the idea that three of the most senior bosses at an £80 billion miner like Rio Tinto would be fired over the fate of a couple of caves in the Aussie outback would have been laughable.While every big company would trot out the obligatory line about its green credentials, it rarely merited even a footnote in the boardroom minutes.
  
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• EU lawmakers to block EU-U.K. trade deal if Brexit divorce treaty not fully implemented - official

  11-09-2020 18:40 via uk.finance.yahoo.com
  
  The European Parliament will not grant its necessary approval to any new EU-UK trade deal unless Britain fully implements its earlier divorce deal with the bloc, an official familiar with a looming statement by European lawmakers told Reuters.The chamber must approve any new EU trade deal with Britain for it to be enacted.The lawmakers drafted their statement after Prime Minister Boris Johnson's government refused to revoke a plan to break the divorce treaty with the bloc, sending the troubled B
  
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• Post Office to deliver phone and broadband sale

  11-09-2020 18:38 via uk.finance.yahoo.com
  
  The Post Office has put its telecoms arm up for sale, while mulling plans to also offload its insurance business. The state-owned company has hired investment bank PJT Partners and is hoping to raise more than £100m by selling its phone and broadband division. Boutique peer Fenchurch Advisory Partners has been picked to conduct a strategic review of the Post Office’s insurance arm, Sky News reported. The plans come little more than a year after the appointment of Nick Read, the forme
  
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• Lululemon lampooned for 'resist capitalism' post

  11-09-2020 18:37 via bbc.co.uk
  
  The Canadian company is known for its top dollar yoga wear.
  
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• How you could be invalidating your mobile phone insurance

  11-09-2020 18:35 via uk.finance.yahoo.com
  
  Many Brits could be breaching the terms and conditions of their mobile phone insurance.
  
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• New coronavirus restrictions introduced in West Midlands

  11-09-2020 18:33
  Area covering 1.6m people hit with rules limiting meeting people at home as case numbers rise
  
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• Home working revolution signals the death of the coffee shop chain

  11-09-2020 18:33 via uk.finance.yahoo.com
  
  When Coca-Cola splashed out £3.9bn on acquiring Costa Coffee from Whitbread in 2018, the deal was described as a “win-win” for everyone. Coffee was one of the fastest growing parts of the global drinks industry and offices around the world were running off the fuel it provided. Sales of coffee at major chains including Costa, Starbucks and Caffe Nero went on to hit £4.5bn in 2019 while firms continued to pursue ambitious expansions, driven by the UK’s seemingly insa
  
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• Dark matter is behaving unexpectedly that suggests there is a ‘missing ingredient’, scientists say

  11-09-2020 18:26 via uk.finance.yahoo.com
  
  Dark matter is not behaving as we would expected it to, scientists have said.There is an unusual mismatch between our theoretical models of how dark matter should be spread across galaxy clusters, and the way it actually seems to be behaving in those clusters, the researchers said.The effect of the gravity distorts light as it travels through space, and that light can be seen and used to measure the otherwise invisible dark matter.
  
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• Apple finally lets users change default browser from Safari to Chrome - here's how to do it

  11-09-2020 18:08 via uk.finance.yahoo.com
  
  The change comes with iOS 14, which is also introducing widgets and new privacy features
  
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• CEO of California-based environmental consulting firm caught savagely beating 4-month-old puppy

  11-09-2020 18:01 via ibtimes.co.uk
  
  The luxury condominium resident claims that the concierge was trying to extort money after the reported the animal abuse.
  
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• Former Tory Chancellors warn Rishi Sunak against tax raid on businesses

  11-09-2020 17:50 via uk.finance.yahoo.com
  
  Two former Tory chancellors have warned that Rishi Sunak risks wrecking Britain's recovery if he launches a massive tax raid on businesses, amid fears the post-lockdown economic rebound is losing momentum. George Osborne and Sajid Javid said officials should instead seek to rein in spending to restore the battered public finances, as forecasters warned that the country faces a brutal autumn with growth fizzling out. GDP jumped by 6.6pc in July compared to June, according to Office for National S
  
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• Former Tory Chancellors warn against Sunak tax raid on businesses

  11-09-2020 17:50 via uk.finance.yahoo.com
  
  Two former Tory chancellors have warned that Rishi Sunak risks wrecking Britain's recovery if he launches a massive tax raid on businesses, amid fears the post-lockdown economic rebound is losing momentum. George Osborne and Sajid Javid said officials should instead seek to rein in spending to restore the battered public finances, as forecasters warned that the country faces a brutal autumn with growth fizzling out. GDP jumped by 6.6pc in July compared to June, according to Office for National S
  
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• 'Stranger Things' cast congratulates newly-weds David Harbour, Lily Allen

  11-09-2020 17:49 via ibtimes.co.uk
  
  David Harbour and Lily Allen are officially married and his "Stranger Things" family could not be happier.
  
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• Apple One services bundle could be launched within days

  11-09-2020 17:44 via uk.finance.yahoo.com
  
  Apple One services bundle could be launched within daysSubscription deal will combine products including Apple TV+ and Apple Music, leak suggests
  
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• EU-China summit to mark soured relations with deal on whiskey

  11-09-2020 17:39 via uk.finance.yahoo.com
  
  Once billed as the diplomatic high point in China-European Union relations, a summit on Monday is likely to show how far the relationship has ebbed, with the main achievement a deal involving Irish whiskey and Pixian bean paste.Originally due to take place in Leipzig, the summit will be held by video and bring together Chinese President Xi Jinping with German Chancellor Angela Merkel and the EU's chief executive and its chairman, after a tense video call in June.In contrast to a summit in April
  
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• Covid app: How the government’s QR code coronavirus contact-tracing tool actually works

  11-09-2020 17:39 via uk.finance.yahoo.com
  
  The government’s contact-tracing app is finally going to be made available, after months of delay and confusion.It includes a QR code tool that businesses are being asked to add to their premises, so that it can be scanned by anyone who visits.What are businesses being asked to do?
  
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• Explainer: Next steps in the TikTok diplomatic dance

  11-09-2020 17:37 via uk.finance.yahoo.com
  
  U.S. President Donald Trump said on Thursday that he does not plan to extend a deadline for ByteDance to sell TikTok's U.S. business, with the process still mired in uncertainty.Trump has repeatedly said that the deadline for the sale of the short video app is Sept. 15, although that was not the date stipulated in either of the two executive orders (EO) his administration issued in August.The second, with a deadline of Nov. 12, demands that Bytedance sell TikTok due to national security concerns
  
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• Landlords demand the right to evict shopkeepers who don't pay rent

  11-09-2020 17:28 via uk.finance.yahoo.com
  
  Commercial landlords are calling for ministers to drop a ban on evictions so they can serve notice on retailers that fail to pay their rent. A freeze on evictions was brought in earlier this year to protect struggling shops, many of which suffered a collapse in sales when they were forced to close due to the coronavirus lockdown. But now real estate lobby group Revo has asked Attorney General Suella Braverman to prevent the moratorium from being extended. Chief executive Vivienne King argued tha
  
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• Police trying to 'balance approach' on Covid-19 breaches

  11-09-2020 17:22 via uk.finance.yahoo.com
  
  West Midlands Police Chief Constable Dave Thompson says his force is trying to "balance" its approach in enforcing new Covid-19 restrictions and encourages the public to report breaches online rather than by calling. .
  
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• Russian hacking group blamed for US election meddling is doing it again, Microsoft says

  11-09-2020 17:12 via uk.finance.yahoo.com
  
  Groups from China, Iran, and Russia have reportedly attacked the Biden and Trump campaigns
  
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• The ultimate guide to tech essentials for university, from laptops to printers

  11-09-2020 17:11 via uk.finance.yahoo.com
  
  To help you ace your studies, these are gadgets you need to aid your productivity
  
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• State aid is the wrong Brexit hill to die on

  11-09-2020 16:54
  Why stall an EU trade deal by tinkering with an issue where the UK has a poor record?
  
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• Nissan to issue $8 billion in dollar-denominated debt

  11-09-2020 16:54 via uk.finance.yahoo.com
  
  Japan's Nissan Motor Cowill issue $8 billion(6.26 billion pounds) in dollar-denominated debt and is considering euro-denominated bonds, it said on Friday, as the troubled automaker looks to diversify its funding.The bond sale is its first dollar-denominated issuance since its tie-up with France's Renault SAin 1999, a Nissan representative said.It comes as investors have expressed deepening concern about Nissan, which has warned of a record $4.5 billion loss this year as the pandemic hampers its
  
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• Saint Laurent men’s spring/summer 2021: this world traveller isn’t hanging up his passport yet

  11-09-2020 16:53 via uk.finance.yahoo.com
  
  The Saint Laurent man doesn’t like to be grounded for too long, so the travel restrictions over the last few months have no doubt had his kaftans in a twist. Since Anthony Vaccarello took the helm at the house in 2016 following Hedi Slimane’s departure, his menswear output tends to zero in on the romanticism and exoticism of Yves Saint Laurent’s history, and of the man himself. There are the flowing kaftans immortalised in the designer’s Marrakech period, re-imagined as b
  
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