Business news

• Business rent holiday extension 'will hit pension schemes'

  16-09-2020 23:44 via bbc.co.uk
  
  The extension of measures to protect firms will hit pensions, savings, and lenders, say landlords.
  
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• Environmental groups, big ag unite for Amazon in Brazil

  16-09-2020 23:43 via uk.finance.yahoo.com
  
  An unprecedented coalition of 230 environmental groups and Brazilian agrobusiness companies have sent an open letter to President Jair Bolsonaro urging him to fight deforestation in the Amazon rainforest.
  
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• PlayStation 5 console to launch in November

  16-09-2020 23:20 via uk.finance.yahoo.com
  
  Sony's eagerly awaited PlayStation 5 will launch on November, taking on a new offering by console rival Xbox as video game play booms during the pandemic.
  
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• Fed vows prolonged economic support for US

  16-09-2020 23:14 via bbc.co.uk
  
  The head of the US central bank says interest rates could be near zero for at least three years.
  
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• PlayStation 5 matches the price of the Xbox Series X

  16-09-2020 23:10 via bbc.co.uk
  
  Sony opts not to undercut its rival this time round but instead will rely on exclusives to woo gamers.
  
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• PS5 price and release date: Sony finally reveals how much PlayStation 5 will cost and when it will arrive

  16-09-2020 22:53 via uk.finance.yahoo.com
  
  The console will arrive in November, days after the Xbox Series X, it said during a showcase event.The digital edition, which is the same but does not come with a disc drive, costs $399, the same in euros, £359.99 or ¥39,980.The Xbox Series X and Series S will arrive earlier, and cost less for the entry level model.
  
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• Sony PlayStation 5 to launch November priced $499.99 and $399.99

  16-09-2020 22:52 via uk.finance.yahoo.com
  
  Sony Corp said on Wednesday the next-generation PlayStation 5 console would launch in November priced at $499.99 and $399.99 for a version without a disk drive, as it squares off against rival Microsoft Corp's Xbox console.Microsoft said last week Xbox Series X would go on sale on Nov. 10 priced at $499.99 with the less powerful Xbox Series S priced at $299.99, as Xbox bets that offering consumers choice will outweigh the risks run by launching two distinct devices at once.The PlayStation 5 and
  
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• US Fed says outlook uncertain, stimulus 'essential'

  16-09-2020 22:45 via uk.finance.yahoo.com
  
  The Federal Reserve pledged Wednesday to keep boosting the US economy with low rates to help recover the tens of millions of jobs lost in the pandemic, but said additional help from the government will be key.
  
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• Banksy loses legal battle with UK card firm over trademark

  16-09-2020 22:30 via uk.finance.yahoo.com
  
  As the multi-millionaire anarchic ‘guerilla’ graffiti artist, Banksy took great pleasure in declaring “copyright is for losers”. But now the anonymous street artist has been stripped of a trademark for his most famous artwork, the “Flower Thrower”, because he failed to reveal his identity to judges and was found to have dishonestly conducted parts of his legal battle with a UK card company. The ruling could see the Bristol artist’s other applications to
  
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• IMF approves release of $1 bn for Angola amid Covid-19 downturn

  16-09-2020 22:23 via uk.finance.yahoo.com
  
  The IMF on Wednesday approved release of another $1 billion in lending for Angola as its economy struggles with the Covid-19 downturn and global drop in crude prices.
  
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• Facebook gives hundreds of staff high-tech glasses that capture what they see and hear

  16-09-2020 22:23 via uk.finance.yahoo.com
  
  Hundreds of Facebook workers wearing special glasses that record everything they see and hear will venture into public and private spaces in order to research the dangers of augmented reality (AR). In a live-streamed broadcast, the social media giant said it would send out specially trained employees and contractors to gather video, audio, location and eye-tracking data starting this month. Andrew Bosworth, Facebook's head of AR, vowed to protect bystanders' privacy by blurring all faces and lic
  
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• Questor: after a 109pc rise in the shares this trust is no longer a bargain. Should we hold?

  16-09-2020 21:42 via uk.finance.yahoo.com
  
  Luck has certainly played a part in this column’s success with Manchester & London investment trust, which we tipped in March 2017. The 109pc rise we have enjoyed since then is at least partly due to the enormous recent popularity of anything related to technology. The trust caught our eye back then because it had some similarities with Scottish Mortgage but was trading at an attractive discount of 21pc, while its more prominent rival tended to trade at a premium. The gap, we felt, was
  
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• FTSE set to tumble after US tech sell-off – live updates

  16-09-2020 21:29 via uk.finance.yahoo.com
  
  Share surge makes Hut Group founder a billionaire FTSE 100 set to slide Asian markets tumble Ben Marlow: Hut Group float is no triumph for London Sign up here for our daily business briefing newsletter
  
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• Pompeo says US-UK trade talks on track for ‘successful conclusion’

  16-09-2020 21:11
  US secretary of state gives political boost to Boris Johnson following Washington backlash over Brexit treaty
  
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• Warren Buffett-backed Snowflake hits $70bn value in biggest ever software IPO

  16-09-2020 21:05 via uk.finance.yahoo.com
  
  Cloud storage company Snowflake made Wall Street history as the largest ever software company to debut on the stock market, with shares doubling on its first day of trading. Snowflake, which provides digital data warehouses on demand, notched up a valuation of $70bn (£54bn) after shares rose as high as 130pc on Wednesday, minting Frank Slootman, chief executive, Benoit Dageville, chief technology officer and Bob Muglia, former chief executive, as billionaires. “A stock is worth exact
  
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• Facebook plans Ray-Ban smart glasses as it eyes AR

  16-09-2020 21:02 via uk.finance.yahoo.com
  
  Facebook on Wednesday announced it would launch its own smart glasses next year which connect to smartphones as part of an alliance with eyewear titan EssilorLuxottica.
  
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• MPs demand answers for failure of virus test programme

  16-09-2020 20:54
  Harding in Westminster hot seat after fragmented system could not meet rise in demand
  
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• Commons demands answers for failure of virus test programme

  16-09-2020 20:54
  Harding in Westminster hot seat after fragmented system could not meet rise in demand
  
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• Market Report: Rolls shares endure fresh turbulence

  16-09-2020 20:52 via uk.finance.yahoo.com
  
  Rolls-Royce could face the ignominy of being kicked out of the blue-chip index if the famed engineer’s shares continue to nose-dive because of the pandemic. Its shares closed down 5.4pc, or 10.95p, at 192.4p, making it the FTSE 100’s biggest loser. But they hit fresh 16-year lows of 182.6p in intra-day trade amid worries about how long it will take before there is a recovery in the air travel market Rolls derives half its annual revenues from. Rolls is worth just £3.7bn at curr
  
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• Sharp slowdown in release of Covid tests in England hits virus efforts

  16-09-2020 20:25
  Proportion of people getting positive results by end of day after being tested plummets from 63% to 8%
  
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• Sharp slowdown in release of Covid tests in England hits efforts to stop virus

  16-09-2020 20:25
  Proportion of people getting positive results by end of day after being tested plummets from 63% to 8%
  
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• Hitachi’s 'disappointing' exit from Wylfa nuclear deal is no great loss

  16-09-2020 20:21 via uk.finance.yahoo.com
  
  Hitachi’s 'disappointing' exit from Wylfa nuclear deal is no great lossEven government experts were not banging the drum for new fleets of giant power plants
  
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• Brazil's Guedes finds influence waning as Bolsonaro takes up spending reins

  16-09-2020 20:17 via uk.finance.yahoo.com
  
  Paulo Guedes has faced his share of political challenges in his 19 months as Brazil's economy minister, but rarely has his influence as 'super minister' over the government's economic agenda been in as much doubt as it is now.Guedes has seen his proposal for a social welfare program publicly rejected by President Jair Bolsonaro.Guedes has proved his doubters wrong before, most notably last year when congressional debate over pension reform was at its most bitter and speculation was mounting that
  
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• Coronavirus: What it's like trying to get a COVID test right now

  16-09-2020 20:16 via uk.finance.yahoo.com
  
  People in England are still struggling to get a coronavirus test - a problem that the government says could take weeks to solve.
  
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• Fur flies in Poland over animal rights law

  16-09-2020 20:14 via uk.finance.yahoo.com
  
  Polish fur farmers and kosher meat producers protested in Warsaw on Wednesday against new legislation going through parliament with the support of animal rights groups.
  
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• Luxury grocers Fauchon to close two Paris outlets

  16-09-2020 20:09 via uk.finance.yahoo.com
  
  Fauchon, one of France's most luxurious food outlets, is to close two flagship shops in Paris, blaming the combined effects of the coronavirus and months of yellow vests protests.
  
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• Former Bank of England Governor Mark Carney adds to his wealth by joining PIMCO

  16-09-2020 19:47 via uk.finance.yahoo.com
  
  Former Bank of England Governor Mark Carney will join the advisory board of PIMCO, one of the world’s biggest bond investment companies, adding to his existing roles with the United Nations and a Canadian asset manager.Carney will work alongside former British Prime Minister Gordon Brown, ex-Federal Reserve Chair Ben Bernanke and a previous President of the European Central Bank, Jean-Claude Trichet.
  
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• Spotify steps up antitrust war over Apple One bundling

  16-09-2020 19:42 via uk.finance.yahoo.com
  
  Sweden's global number one music streamer Spotify is urging EU competition authorities to probe Apple's One bundled subscription services as it steps up its antitrust criticisms of the US tech titan.
  
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• European Parliament votes for new taxes in EU to repay recovery borrowing

  16-09-2020 19:42 via uk.finance.yahoo.com
  
  The European Parliament voted on Wednesday in favour of assigning new tax revenues to the European Union to repay the bloc's intended joint borrowing of 750 billion euros (683.73 billion pounds) for economic recovery after the COVID-19 pandemic.Lawmakers voted 455 votes in favour and 146 against, with 88 abstentions, to introduce new sources of revenue - so called "own resources" - to the EU budget that should at least cover the costs related to the recovery plan.
  
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• Amazon cranks up its music service with podcasts

  16-09-2020 19:39 via uk.finance.yahoo.com
  
  Amazon on Wednesday added podcasts to its streaming music service, tapping into a trend and taking on rivals including Spotify and Apple.
  
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• China could be stumbling block in Arm sale to Nvidia

  16-09-2020 19:36 via uk.finance.yahoo.com
  
  China could be stumbling block in Arm sale to NvidiaArticle in Chinese state-backed Global Times calls for intervention in deal
  
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• Deutsche Boerse and Six launch charm offensive to win Borsa bid battle - sources

  16-09-2020 19:34 via uk.finance.yahoo.com
  
  Germany's Deutsche Boerseand Swiss stock exchange operator Six have launched a charm offensive to win the backing of Italian officials before submitting final bids for the Milan bourse, sources familiar with the matter told Reuters.Executives at both exchanges are trying to thwart Rome's alliance with France's Euronextand have held meetings in recent weeks to persuade the Italian Treasury - which controls state lender Cassa Depositi e Prestiti (CDP) - of the merits of their respective proposals,
  
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• Even in the midst of a recession the Australian housing market continues along its merry way

  16-09-2020 19:30 via uk.finance.yahoo.com
  
  Even in the midst of a recession the Australian housing market continues along its merry wayThe main reason for this is the incredibly cheap mortgage rates currently available
  
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• China could provide stumbling block in Arm sale to Nvidia

  16-09-2020 19:27 via uk.finance.yahoo.com
  
  China could provide stumbling block in Arm sale to NvidiaArticle in Chinese state-backed Global Times calls for intervention in deal
  
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• Lower for even longer as Fed holds fire on interest rates

  16-09-2020 19:22 via uk.finance.yahoo.com
  
  Interest rates will be held near zero for at least three more years as the US economy struggles to recover the economic ground lost to Covid-19, the Federal Reserve signalled on Wednesday. The world’s most powerful central bank held interest rates unchanged at 0 to 0.25pc after drastic cuts in February and March to battle the shock of a pandemic that has claimed almost 200,000 American lives. Fed chairman Jay Powell has given himself more firepower to boost the economy after switching to a
  
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• Northern needs will test Conservative unity

  16-09-2020 19:16
  UK’s next Budget demands are pitting traditional and new Tories against each other
  
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• IoD membership drops again as it seeks new permanent chair

  16-09-2020 19:12
  Business organisation turns round £4.2m deficit but is still seeking to recover from key departures
  
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• Spotify falls after Apple launches new services bundle

  16-09-2020 19:11 via uk.finance.yahoo.com
  
  The Swedish company, whose 138 million paying subscribers dwarf Apple Music and Amazon Music, lashed out at the iPhone maker's move that was announced on Tuesday.Spotify said the Apple One bundle disadvantages streaming music rivals by favoring its own Apple Music service.Apple said the bundle was aimed at existing users of its services and its customers can avail alternatives for each of the company's services.
  
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• Derek Haisman obituary

  16-09-2020 18:50 via uk.finance.yahoo.com
  
  Derek Haisman obituary
  
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• Two asteroids shot closer to the earth than the moon this month - with more close encounters expected

  16-09-2020 18:40 via uk.finance.yahoo.com
  
  The asteroids shot past on the same day, mere hours between one another
  
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• Raab says we can do a 'win-win' U.S. trade deal

  16-09-2020 18:38 via uk.finance.yahoo.com
  
  Britain's foreign minister said on Wednesday that he was confident of a post-Brexit free trade deal with the United States."We discussed progress on our Free Trade Agreement negotiations since we last met, and the importance of a clean, resilient, economic recovery from COVID-19," Foreign Secretary Dominic Raab said in Washington alongside Mike Pompeo.
  
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• Pound fights back as markets wait on Fed

  16-09-2020 18:36 via uk.finance.yahoo.com
  
  Investors trod a cautious path with their immediate focus on the Federal Reserve's latest meeting Wednesday as world stocks moved in a tight range while the pound moved higher on hopes of an end to a Brexit impasse.
  
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• Apple Watch to come without a charging plug in the box, Apple says – and iPhone 12 likely to do the same

  16-09-2020 18:33 via uk.finance.yahoo.com
  
  The Apple Watch will come without its charging plug, Apple has said – and the iPhone 12 is likely to do the same.Apple said it had made the decision for environmental reasons.Given that so many people already have the chargers from previous phones, watches and other devices, it does not feel the need to increase its environmental footprint by including the plug within the box, it said.
  
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• US announces charges against Chinese, Malaysian hackers

  16-09-2020 18:30 via uk.finance.yahoo.com
  
  The US Justice Department on Wednesday announced charges against five Chinese nationals and two Malaysians who ran global hacking operations for at least six years to steal identities and video game technology, plant ransomware, and spy on Hong Kong activists.
  
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• Garmin Forerunner 745: New triathlon smartwatch launched that tells you when and how to work out

  16-09-2020 18:30 via uk.finance.yahoo.com
  
  New triathlon watch includes blood oxygen sensor, which has also just arrived in Apple Watch Series 6
  
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• Former BoE Governor Carney joins PIMCO advisory board

  16-09-2020 18:30 via uk.finance.yahoo.com
  
  Former Bank of England Governor Mark Carney will join the advisory board of PIMCO, one of the world's biggest bond investment companies, adding to his existing roles with the United Nations and a Canadian asset manager.Carney will work alongside former British Prime Minister Gordon Brown, ex-Federal Reserve Chair Ben Bernanke and a previous President of the European Central Bank, Jean-Claude Trichet, the California-based company said on Wednesday.
  
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• Hurricane Sally: 'Nightmare' storm moving at just 3mph wipes out section of brand-new bridge

  16-09-2020 18:24 via uk.finance.yahoo.com
  
  Hurricane Sally has brought heavy winds and devastating flooding to America's Gulf Coast - with the slow-moving storm destroying a section of a new bridge in Florida.
  
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• Hurricane Sally: 'Nightmare' storm moving at just 3mph wipes out a section of brand-new bridge

  16-09-2020 18:24 via uk.finance.yahoo.com
  
  Hurricane Sally has brought heavy winds and devastating flooding to America's Gulf Coast - with the slow-moving storm destroying a section of a new bridge in Florida.
  
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• AstraZeneca's trial illnesses may not be due to COVID-19 shot - Oxford University

  16-09-2020 18:19 via uk.finance.yahoo.com
  
  Enrollment in the British drugmaker's global trials of the vaccine, which it is developing with researchers at Oxford University, was paused on Sept. 6, after a participant in its U.K. trial had a serious side effect thought to be a rare spinal inflammatory disorder called transverse myelitis.Safety reviews were conducted when volunteers in the trials for testing the vaccine candidate, called AZD1222 or ChAdOx1 nCoV-19, developed unexplained neurological symptoms including changed sensation or l
  
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• Kodak shares soar after boss is cleared of insider trading

  16-09-2020 18:10 via uk.finance.yahoo.com
  
  Shares in Eastman Kodak surged more than 80pc on Wednesday after an independent review cleared its chief executive of insider trading. Kodak boss Jim Continenza and Phillipe Katz, a board member, were handed stock options on July 27, the day before the firm was awarded a $765m US government loan to produce pharmaceutical ingredients. The announcement caused shares in Kodak to soar from just $2 to as high as $30, significantly boosting the value of Mr Continenza and Mr Katz's stock options. The U
  
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