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-
Google briefly removes India payments app for betting violations ahead of IPL
Google Friday removed one of India's biggest digital payment apps for several hours from its online store for breaching gambling rules, a day before the start of the lucrative Indian Premier League cricket tournament. -
Global stocks mostly fall as coronavirus dogs sentiment
Global stock markets concluded the week on a lackluster note Friday as investors fretted over renewed coronavirus restrictions, the stuttering global economic recovery and US lawmakers' failure to agree on new stimulus measures. -
‘Another lockdown would be disastrous for our business’
via bbc.co.ukRestaurants and pubs are concerned new coronavirus restrictions could spell the end of their businesses. -
'Bored by all this drama': TikTok users play it cool over latest U.S. ban threat
Since July, TikTok users have braced for a threatened ban of the ultra-popular short-form video app in the United States, with some opening accounts on rival platforms and encouraging friends to do the same.Then early on Friday Reuters broke the news that the U.S. government was preparing to block new users from downloading the Chinese-owned app from American app stores by Sept. 20.As the news filtered through their social media, teens greeted it wearily but without the tears and the emotional o -
TikTok: Creators and users react to Trump's ban
‘TikTok you will be missed,’ one user tweeted -
Trump woos farmers with promise of $14 bn in pandemic aid
In a bid to win over voters in US farm states, President Donald Trump announced up to $14 billion in aid to farmers and ranchers hurt by the coronavirus pandemic. -
TikTok and WeChat: US to ban app downloads in 48 hours
via bbc.co.ukThe ban on downloading the apps in the US takes effect on Sunday unless President Trump intervenes. -
US Fed official warns against inflation 'ghost stories'
The Federal Reserve has been too cautious in its recent policy shift allowing higher prices to boost employment, one US central banker said Friday, warning against heeding "ghost stories" about inflation. -
LVMH submits disputed Tiffany takeover for EU clearance
LVMH said on Friday it had submitted its troubled takeover ofTiffany , which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it deliberately stalled antitrust proceedings.The French group's $16 billion acquisition of the U.S. jeweller turned sour last week when LVMH said it could no longer complete it due to a request by the French government to delay the closing of the deal and the weakening of Tiffany's business.Tiffany re -
LVMH says submits disputed Tiffany takeover for EU clearance
LVMH said on Friday it had submitted its troubled takeover ofTiffany , which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it deliberately stalled antitrust proceedings.Tiffany sued LVMH last week after the French group said it could no longer complete the planned purchase of the U.S. jeweller due to a request by the French government to delay the closing of the deal and the weakening of Tiffany's business."LVMH confirms t -
Travel giants to ringfence customer deposits to speed up refunds
The travel industry is in line for its biggest shake-up in almost half a century, as watchdogs prepare sweeping changes to reflect public anger over delayed refunds. In an echo of the rules imposed on banks in the wake of the financial crisis, travel operators will be forced to “ringfence” customer deposits, ensuring that holidaymakers are able to access immediate refunds if their travel plans are disrupted. The changes will be implemented over the next few weeks as companies apply t -
Johnson warns UK faces second wave of coronavirus
Prime minister puts country on notice that new national restrictions may be needed -
HSBC and Standard Chartered fear new Trump China sanctions could freeze them out of dollar
HSBC and Standard Chartered are bracing for a renewed US sanctions assault on China, amid official concern that escalating diplomatic tensions threaten collateral damage in the City. They are working on contingency plans for a worst-case scenario in which the political and trade disputes between Washington and Beijing trigger restrictions on banks serving Chinese companies and individuals, known as secondary sanctions. Sources close to the discussions told The Sunday Telegraph that HSBC and Stan -
Brussels rejects Johnson’s changes to internal market bill
Legislation still breaks international law, say EU lawyers -
Second wave ‘risks double-dip recession’
Local lockdowns have put the brakes on recoveries in Covid-hit areas, the latest data is signalling, prompting warnings from economists that a second wave risks causing a double-dip downturn. Live economic signals tracking movement and spending indicate activity in certain cities has been dampened by new restrictions to tackle outbreaks. Economists said there was now a “significant risk” of a W-shaped recovery, or double-dip recession, as a second wave threatened to combine with moun -
Exclusive: Playboy explores deal to return to the stock market - sources
A deal with a blank-check firm - referred to on Wall Street as a special purpose acquisition company (SPAC) - could result in Playboy's return to the stock market, nine years after it went private in a $207 million deal led by its late founder Hugh Hefner and private equity firm Rizvi Traverse Management.The COVID-19 pandemic compounded its challenges, leading Playboy earlier this year to stop printing the magazine, ending a nearly seven-decade run on newstands that began in 1953 with a debut is -
‘Head Out to Help Out’ plans for £1 rail fares and 20pc off-peak cuts
Train firms are due to offer £1 fares under radical plans being considered by ministers to get Britons back onto the railways. Other options are understood to include a blanket 20pc cut to off-peak tickets under industry-led “Head Out to Help Out” proposals. The plans follow the success of the Eat Out to Help Out scheme that gave the hospitality sector a shot in the arm last month. But while ministers are mulling steep cuts to fares during less busy times, they are expected to -
Companies House to verify directors' identities before being listed
Companies House to verify directors' identities before being listed. Move seen as long overdue after complaints of register giving false data credibility -
Boots faces legal action from landlord in rent dispute
Boots faces a High Court dispute over its rent at one of the capital’s busiest shopping centres, in the latest sign of strain in relations between tenants and commercial landlords. The owner of Westfield in Stratford has launched a legal claim against the high street chemist, which is owned by the global chain Walgreens Boots Alliance, court filings show. Boots is understood to have angered landlords after refusing to pay rents at some sites during the nationwide lockdown, despite being cl -
Watchdog tells insurers to pay out on Covid claims as soon as possible
The City regulator has warned insurers to pay out on valid claims as soon as possible following the High Court’s ruling this week on whether Covid-related losses are covered by business interruption insurance. Chris Woolard, interim chief executive of the Financial Conduct Authority (FCA), wrote to insurance bosses on Friday demanding the swift payment of claims in cases where the court’s decision has clarified whether cover should be provided. The watchdog warned insurers not to cre -
EIB ups financing for Fiat Chrysler's electric vehicles to 800 million euros
The European Investment Bank (EIB) has increased to almost 800 million euros (730.11 million pounds)its funding to Fiat Chrysler Automobiles (FCA)to support production of electric and hybrid vehicles, they said in a joint statement.Investments to manufacture battery electric vehicles and plug-in hybrid electric vehicles will be mainly directed at FCA plants located in southern Italy, supporting employment and compliance with the strictest environmental criteria.To improve capacity utilisation at -
Xbox announces exactly when Series X and S pre-orders will open as PS5 scramble continues
Xbox has revealed exactly when pre-orders of the Series X and S will open – amid ongoing chaos as people rush to buy the PS5.The company revealed the timing and specific retailers that the consoles will be available on 22 September, when pre-orders for the console opened.Microsoft had already sent a tweet that appeared aimed at PlayStation, making clear that it would give precise details of the timing of its pre-orders. -
US to ban TikTok downloads, block WeChat use
The United States on Friday ordered a ban on downloads of popular the video app TikTok and effectively block the use of the Chinese super-app WeChat on US national security grounds, escalating a fight with Beijing over digital technology. -
Trump's TikTok ban violates the first amendment, ACLU says
'Selectively banning entire platforms like TikTok and WeChat violates the First Amendment and does little to protect our personal data from abuse,' the union tweeted. -
Asda enters convenience market with EG trial
Asda, the British supermarket arm of Walmart , plans to enter the fast-growing convenience stores market through a trial with petrol forecourt operator EG Group, it said on Friday.While Asda's sales have increased during the COVID-19 pandemic, it has lagged the growth of its big four rivals, market leader Tesco , Sainsbury'sand Morrisons , partly because, unlike them, it does not have a convenience stores offer.Local convenience stores have thrived during the crisis as Britons shop closer to hom -
Banks consider new debt collection agency to chase Covid loan repayments
Banks are weighing up the formation of a joint debt collection agency to prevent reputational damage to their individual brands as they try to recover emergency loans handed out during the pandemic. Small businesses have borrowed more than £35bn from banks under the Bounceback Loan Scheme, which sees the Government guarantee 100pc of any losses banks suffer if borrowers fail to repay. Bank lobby group UK Finance has commissioned a feasibility study for a "shared recoveries utility" so that -
Teen gang-raped and thrown to her death from sixth-floor
via ibtimes.co.uk11 suspects have been arrested for the rape and murder of a 19-year-old student, police are investigating the involvement of others. -
Consumer spending is still too weak to battle more lockdowns, Boris
If we’re to believe today’s data on shopping, consumers have bounced back from their lockdown deep-freeze with a vengeance.For the fourth month in a row, there has been a healthy increases in retail sales. -
Pearson's shareholders vote against CEO's £7.2m pay package
Company faces major revolt over incoming boss Andy Bird's £7.4m pay package. -
Graduates are leaving university with nearly £4,000 in extra debt
Brits are graduating university with more additional non-student loan debt than ever. -
10 best wireless headphones for sound quality and fit
Free up your listening experience from the hassle of wires with a pair of these trusty in-ear headphones -
11 best wireless earbuds for noise cancellation, running and phones calls
Enjoy more freedom while out and about, from listening to music or exercising, with the latest in earphone technology -
PS5: How to increase your chances of getting a PlayStation 5 amid Sony pre-order problems
The PS5 has opened for pre-orders.After a showcase event held this week, Sony finally announced when the console would go on sale and how much it would cost.Then it announced that pre-orders would open very soon after, with many starting on Wednesday morning. -
B&Q to trial four mini stores in Asda supermarkets
Asda has announced a partnership with home improvement brand B&Q;, as well as a new model of convenience store, in a bid to revitalise its business. The supermarket said it would trial a new Asda On the Move convenience brand offering essential goods from three fuel station forecourts in the Midlands. The trial brand will be located in Ashby, Leamore and Primley petrol stations, all operated by EG group. Alongside the convenience store brand, Asda has announced a new partnership with B&Q -
MPs to debate Arm Holdings $40bn sale despite Nvidia boss's guarantees
MPs to debate Arm Holdings $40bn sale despite Nvidia boss's guaranteesJensen Huang’s offer of legally binding guarantees to safeguard UK interests fail to allay doubts -
Quarter of G4S investors snub £3bn takeover offer
The three biggest investors in G4S that control more than a quarter of the security company’s shares have dismissed GardaWorld’s £3bn approach as being too low. Schroders, which holds 10.6pc of G4S, labelled the 190p-a-share deal being proposed by Canada’s GardaWorld and backed by its 51pc-owner BC Partners as “materially undervaluing G4S and its prospects”. This echoes the next two biggest investors, US-based Harris Associates with just under 10pc, and New Yo -
PS5: Sony opens unusual direct pre-order process amid PlayStation chaos – but only for chosen people
The opening of the process comes amid chaos as fans try to get their hands on Sony’s new console.Online shops have been forced offline and the PlayStation 5 sells out almost instantly whenever new stock is allocated.The unusual process will see the company sell its consoles directly through its own US page. -
Medical cannabis companies cleared for London stock market
Medical cannabis companies cleared for London stock market. Regulator agrees to float of UK firms but recreational suppliers still banned -
EU to introduce crypto-assets regime by 2024, EU documents say
The European Union will introduce new rules within four years to make cross-border payments quicker and cheaper through the use of blockchain and crypto assets like stablecoins, two EU documents showed.The European Commission is due to set out its strategy for encouraging greater use of digital finance at a time when 78% of payments in the euro zone are in cash.The EU executive will present a draft law to clarify how existing rules apply to crypto assets and set out new rules where there are gap -
7 things to do if you want to raise money for your tech business
via s17026.pcdn.coOriginally written by Stephen Hemmings on Growth Business
The chancellor’s recent decision to announce a review of Capital Gains Tax (CGT) has alarmed many tech business entrepreneurs , who rely on venture capital and angels to fund their growth plans. If such investment becomes harder to access in the future, will they be able to scale when the time is right? With rumours -
The Queen's properties across the UK have lost £500m in value
In annual results published on Friday, the Crown Estate revealed that it had downgraded the value of its portfolio to £13.4bn. -
The Queen loses £500m in property income
In annual results published on Friday, the Crown Estate revealed that it had downgraded the value of its portfolio to £13.4bn. -
Equity markets pallid as coronavirus dogs sentiment
Global markets had a pallid hue Friday with investors anxious over the reimposition of coronavirus restrictions, the stuttering global economic recovery, and US lawmakers' failure to agree on new stimulus measures. -
Liam Fox still in running for WTO chief as race narrows
via bbc.co.ukThe ex-international trade secretary is in the final five for World Trade Organization job. -
Mystery over whereabouts of £50 billion of banknotes in circulation in UK
Mystery surrounds the exact whereabouts of £50 billion-worth of banknotes in circulation, according to a public spending watchdog.The National Audit Office (NAO) said little is known about around £50-billion worth of notes which are not being used for transactions or identified as savings held by UK households. -
'The Walking Dead' star shares traumatic experience filming death scene
via ibtimes.co.ukTyler James Williams remembered going through a mourning process after his character's death. -
EU looks to fast 5G, supercomputers to boost virus-hit economy
The European Commission on Friday urged the 27-country bloc to work together to speed up the rollout of fibre and 5G networks to boost the region's virus-hit economy and secure its technology autonomy.EU countries should develop a best practices toolbox by March 30 with the aim of cutting cost and red tape, provide timely access to 5G radio spectrum and allow for more cross-border coordination for radio spectrum for 5G services, the EU executive said.The coronavirus outbreak showed how important -
'Game of Thrones' cast remembers how Diana Rigg stormed off set, 'terrified' a director
via ibtimes.co.ukDiana Rigg inspired and intimidated some of her "Game of Thrones" co-stars. -
Pearson hit by shareholder rebellion over new chief's share deal
Educational publisher Pearson faced a significant shareholder rebellion as one-third of its investors voted against its new chief executive's multi-million pound pay packet. The blue-chip business has received a barrage of criticism in recent weeks over Andy Bird's golden hello, worth $9.3m (£7.2m). On Friday, a significant chunk of shareholders revolted against the move, but the former Disney executive will receive the payout and take over next month after 67pc of investors backed the pro -
Fed officials tussle over practical meaning of new inflation policy
Federal Reserve policymakers on Friday began fleshing out what their new tolerance for inflation will mean in practice, an issue critical to how investors and households reshape their own outlooks even if it may not be relevant to any immediate decisions by the U.S. central bank.The new policy, laid out in a strategic document last month and incorporated into a policy statement issued on Wednesday, pledges to keep interest rates near zero until inflation has hit the Fed's 2% target and is on tra
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