Business news

• Trump touts 'fantastic' TikTok deal with Walmart and Oracle

  19-09-2020 23:57 via uk.finance.yahoo.com
  
  Donald Trump on Saturday touted a "fantastic" deal that could see Oracle and Walmart become the US tech partners for TikTok, which the president is seeking to ban over security concerns.
  
  Read more

• Trump supports deal to allow TikTok to continue to operate in U.S

  19-09-2020 23:40 via uk.finance.yahoo.com
  
  U.S. President Donald Trump said he supports a deal that will allow TikTok to continue to operate in the United States, after threatening to ban the Chinese-owned app in August.Trump said the new TikTok company will be "totally controlled by Oracle and Walmart.... All of the control is Oracle and Walmart."Trump offered strong support for the deal he said would create 25,000 U.S. jobs.
  
  Read more

• Trump gives blessing to deal to allow TikTok to continue to operate in U.S

  19-09-2020 23:40 via uk.finance.yahoo.com
  
  U.S. President Donald Trump said he supports a deal that will allow TikTok to continue to operate in the United States, after threatening to ban the Chinese-owned app in August.Trump said the new company will be "totally controlled by Oracle and Walmart ... All of the control is Oracle and Walmart."U.S. shareholders are expected to control 53% of TikTok Global, a person briefed on the matter said, while Chinese investors will hold 36%.
  
  Read more

• China's ByteDance gets Trump nod to avoid TikTok shutdown

  19-09-2020 23:40 via uk.finance.yahoo.com
  
  U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app.ByteDance was racing to avoid a crackdown on TikTok after the U.S. Commerce Department said on Friday it would block new downloads and updates to the app come Sunday.Trump signed an executive order on Aug. 14 giving ByteDance 90 days to sell TikTok.
  
  Read more

• Advertisement

• BoE's Haldane says UK recovering 'faster than anyone expected'

  19-09-2020 23:37 via uk.finance.yahoo.com
  
  Britain is recovering faster than anyone had expected from the economic impact of COVID-19, but businesses need better incentives and access to finance to invest in technology, Bank of England chief economist Andy Haldane said."UK GDP had, by July, recovered around half of its Covid-related losses, rebounding further and faster than anyone expected," Haldane said in an article for the Mail on Sunday newspaper written jointly with the former chairman of John Lewis Partnership, Charlie Mayfield.Br
  
  Read more

• Australia’s unemployment figures are surprisingly good but the recovery is slowing

  19-09-2020 22:00 via uk.finance.yahoo.com
  
  Australia’s unemployment figures are surprisingly good but the recovery is slowingIt’s tempting to think we’re almost out of the Covid hole, but this is beyond anything experienced since the Great Depression
  
  Read more

• TikTok says it already committed to government oversight of U.S. data security

  19-09-2020 20:34 via uk.finance.yahoo.com
  
  The ban on new U.S. downloads of the app, owned by China's ByteDance, could still be rescinded by President Donald Trump before it takes effect if the company seals a deal with Oracle Corpthat addresses concerns about the security of users' data.TikTok said that in its proposal to the U.S. government, it has already agreed to measures like "third-party audits, verification of code security, and the US government oversight of US data security."The ban is in response to a pair of executive orders
  
  Read more

• The UK’s constitution is not working

  19-09-2020 19:00
  When there is no proper accountability and transparency, government policymaking becomes sloppy
  
  Read more

• Advertisement

• Millions of US users to be hit by WeChat block

  19-09-2020 18:48 via uk.finance.yahoo.com
  
  Washington's crackdown on WeChat will disrupt communications between millions of people in the United States and their friends, families and business partners in China.
  
  Read more

• Pret CEO says dinner is on the menu

  19-09-2020 18:43 via uk.finance.yahoo.com
  
  Christou told The Guardian the chain has opened a “dark” kitchen — one only open for delivery — in London.
  
  Read more

• AstraZeneca says Tagrisso shown to slow lung cancer spreading to brain

  19-09-2020 18:39 via uk.finance.yahoo.com
  
  AstraZeneca'stop-selling drug Tagrisso has been shown to slow the spread of a certain type of lung cancer to the brain when diagnosed at an early stage, the British drugmaker said on Saturday.A study with patients diagnosed early enough for the lung tumour to be surgically removed, and who have a mutation of the so-called EGFR gene, found that Tagrisso cut the risk of developing brain metastases by 82%.The late-stage Phase III trial results - presented at the virtual European Society for Medical
  
  Read more

• Rolls-Royce plans to raise up to 2.5 billion pounds as COVID-19 bites

  19-09-2020 18:12 via uk.finance.yahoo.com
  
  "We continue to review all funding options to enhance balance sheet resilience and strength," its statement said .GIC did not immediately respond to a Reuters request for comment.Rolls-Royce declined to comment beyond its statement.
  
  Read more

• Rolls-Royce plans to raise about 2.5 billion pounds - FT

  19-09-2020 18:12 via uk.finance.yahoo.com
  
  The aero-engine maker is planning to launch the equity raise in the first weeks of October, the report added.A representative for Rolls-Royce declined to comment on the FT report, while GIC did not immediately respond to Reuters' request for a comment.The Derby-based business has been reviewing funding options for the past few months, including debt and equity, to boost its balance sheet, which has suffered a blow from travel restrictions linked to the COVID-19 pandemic.
  
  Read more

• South African rugby franchise Southern Kings placed in liquidation

  19-09-2020 17:20 via uk.finance.yahoo.com
  
  South African franchise the Southern Kings have been placed in liquidation due to a 55 million rand ($3.35 mn/2.84 mn euros) debt, South African Rugby announced Saturday.
  
  Read more

• Suffering John Lewis stands at a crossroads on the high street

  19-09-2020 17:00 via uk.finance.yahoo.com
  
  Suffering John Lewis stands at a crossroads on the high street. The retailer is eyeing a more online future. But as the last big department store standing, could it expand in the real world?
  
  Read more

• Greener BP must do more than talk tough on the climate crisis

  19-09-2020 17:00 via uk.finance.yahoo.com
  
  Greener BP must do more than talk tough on the climate crisis. A company steeped in oil and gas production may not find it easy to convince investors of its environmental credentials
  
  Read more

• China targets foreign firms on 'unreliable entities' list as US trade war intensifies

  19-09-2020 16:02 via uk.finance.yahoo.com
  
  It comes after US president Donald Trump, imposed curbs on Huawei and additional tariffs on Chinese goods.
  
  Read more

• Set 2% target for public R&D spending to beat climate crisis, government is urged

  19-09-2020 15:57 via uk.finance.yahoo.com
  
  Socially irresponsible companies should be stripped of patents to create ‘commons’ to boost research, report argues
  
  Read more

• More than 500 organisations sign up for government's Kickstart Scheme to help young into work

  19-09-2020 14:39 via uk.finance.yahoo.com
  
  The £2bn ($2.6bn) Kickstart Scheme provides funding to employers to create job placements for 16 to 24-year-olds.
  
  Read more

• Rochester Mass Shooting: Two Killed at Illegal Party

  19-09-2020 14:27 via uk.finance.yahoo.com
  
  Two people have been killed and 14 have been left injured after a mass shooting in Rochester, New York state. 
  The attack happened at a gathering of about 100 people, which police said was breaking Covid-19 restrictions.
   
  Interim Police Chief Mark Simmons added none of those wounded are believed to have sustained life-threatening injuries. 
   
  This comes after Rochester Police Department was rocked by the suffocation death of Daniel Prude.
  
  Read more

• Merge Arm with Graphcore, says co-founder

  19-09-2020 14:17 via uk.finance.yahoo.com
  
  The co-founder of Arm has urged ministers to back a merger between the chip designer and one of Britain’s most promising start-ups instead of allowing a US takeover. Hermann Hauser, part of the team that established Arm in Cambridge in 1990, writes in The Sunday Telegraph that rather than approve Nvidia’s $40bn (£30bn) acquisition, the Government should engineer a combination with Graphcore, based in Bristol. Mr Hauser, known as the “godfather” of chip technology in
  
  Read more

• TikTok files complaint against Trump administration to try to block US ban

  19-09-2020 14:08 via uk.finance.yahoo.com
  
  Owners of video-sharing app TikTok are legally contesting President Trump’s decision to block app in US from Monday
  
  Read more

• English high streets to receive £95m regeneration boost

  19-09-2020 14:08 via uk.finance.yahoo.com
  
  High streets and bricks and mortar retail has been among the hardest hit sectors following sweeping coronavirus lockdowns, as businesses scrambled to pivot to online services.
  
  Read more

• Germany plans reform to avoid bankruptcy wave due to corona

  19-09-2020 13:12 via uk.finance.yahoo.com
  
  Germany would relax insolvency rules under proposals set out on Saturday to help avert a wave of bankruptcies in Europe's biggest economy, provided companies hit by the coronavirus crisis have a robust business model.Keen to avoid bankruptcies and mass layoffs, Chancellor Angela Merkel's government has launched a range of stimulus and relief measures as Germany braces for its biggest slump since World War Two, having shrunk by an unprecedented 9.7% in the second quarter."Companies that can show
  
  Read more

• ‘We’re developing a dinner menu – Covid is an opportunity’: Pret a Manger’s CEO on its fight for survival

  19-09-2020 13:00 via uk.finance.yahoo.com
  
  ‘We’re developing a dinner menu – Covid is an opportunity’: Pret a Manger’s CEO on its fight for survivalThe sandwich chain has become a symbol of the way we used to live, pre-pandemic. Can boss Pano Christou turn things around?
  
  Read more

• TikTok and WeChat: Here's all you need to know about what is happening

  19-09-2020 12:54 via uk.finance.yahoo.com
  
  Amid the coronavirus crisis, technology tiffs over security fears and trade war , tensions between the world’s biggest economies keep ramping up.
  
  Read more

• Giannis Antetokounmpo wins 2019-20 Kia MVP and Defensive Player of the Year awards

  19-09-2020 12:10 via ibtimes.co.uk
  
  Antetokounmpo received an overwhelming 85 of 101 first-place votes from the global panel.
  
  Read more

• Celtics star Marcus Smart blows up on his teammates after Miami Heat defeat

  19-09-2020 11:46 via ibtimes.co.uk
  
  Coach Stevens told reporters later that the Celtics are "working through their emotions after a hard loss."
  
  Read more

• NBA Western Conference Finals: LA Lakers crush Denver Nuggets in Game 1

  19-09-2020 11:31 via ibtimes.co.uk
  
  If the Lakers win the series, it will be LeBron James' ninth finals appearance in the past 10 years.
  
  Read more

• What you need to know about the UK jobs market this week

  19-09-2020 11:30 via uk.finance.yahoo.com
  
  Amid gloomy jobs data and warnings of a prolonged jobs lockdown, on Tuesday, Britain’s chancellor declared the furlough scheme has “done what it was designed to."
  
  Read more

• Forcing women into debt is a marker of domestic abuse

  19-09-2020 11:06 via uk.finance.yahoo.com
  
  Finally, the Domestic Abuse Bill recognises economic abuse. But the financial services sector and law can go further in breaking this catastrophic cycle of control
  
  Read more

• Use your bombs: seven ways of getting to the bottom of Spelunky 2

  19-09-2020 11:00 via uk.finance.yahoo.com
  
  Use your bombs: seven ways of getting to the bottom of Spelunky 2Spelunky is a masterpiece of a game – and notoriously difficult. Here’s how to lower yourself gently into its cavernous depths
  
  Read more

• Deals of the Week, September 11 to 18 – Growth Business roundup

  19-09-2020 10:46 via s17026.pcdn.co
  
  Originally written by Rory Bennett on Growth Business
  Allica launches £100m fund to continue CBLIS lending Allica Bank, a business bank that loans to SMEs, is launching a £100m funding round so it can continue to lend through the Coronavirus Business Loans Interruption scheme and begin broadening its services and product lines. The bank, which received full UK banking authorisation in late 2019,
  
  Read more

• Government urged to set new 2% target for public R&D spending to beat climate crisis

  19-09-2020 10:23 via uk.finance.yahoo.com
  
  Socially irresponsible companies should be stripped of patents to create new ‘commons’ to boost research, report argues
  
  Read more

• 3 things I don’t do to make money from shares

  19-09-2020 10:21 via uk.finance.yahoo.com
  
  Stick to buying good companies that you'd ideally own for the long-term, or else invest in index funds and get another hobby!The post 3 things I don't do to make money from shares appeared first on The Motley Fool UK.
  
  Read more

• Hungary's 2021 economic rebound hinges on COVID vaccine - finance minister

  19-09-2020 10:12 via uk.finance.yahoo.com
  
  Hungary's economy could grow by 4% to 5% next year if a coronavirus vaccine is available in the second quarter but that was an optimistic scenario, Finance Minister Mihaly Varga said in an interview published on Saturday.Varga told newspaper Magyar Nemzet that if a vaccine was not available by around the middle of next year, "then according to our pessimistic calculations it could happen that we will see economic growth hardly exceeding zero."
  
  Read more

• Hungary extends loan moratorium as economy struggles to recover from pandemic

  19-09-2020 10:12 via uk.finance.yahoo.com
  
  Hungary will extend a moratorium on loan repayments for some households and companies until the middle of 2021, as its finance minister warned the economy could struggle to grow next year unless a coronavirus vaccine is found.Prime Minister Viktor Orban introduced the moratorium for all companies and private borrowers in March as one of his government's key measures to help reduce the economic fallout from the pandemic.In a video posted on his official Facebook page on Saturday, Orban said the m
  
  Read more

• Foreign offices: the Britons who work from home – abroad

  19-09-2020 10:00 via uk.finance.yahoo.com
  
  Foreign offices: the Britons who work from home – abroad. Covid has forced many people out of workplaces. Some have saved money by moving overseas
  
  Read more

• In California, Wi-fi minivans help disadvantaged students

  19-09-2020 09:18 via uk.finance.yahoo.com
  
  A minivan with a Wi-fi router attached to the dashboard and a satellite antenna on the roof is helping 200 disadvantaged students in Santa Ana, close to Los Angeles, cope with the rigors of distance learning during the coronavirus pandemic.
  
  Read more

• Senior US diplomat wraps up Taiwan visit as China flexes muscle

  19-09-2020 09:13 via uk.finance.yahoo.com
  
  A top US diplomat attended the funeral for former Taiwan president Lee Teng-hui Saturday which featured a eulogy by Tibetan spiritual leader the Dalai Lama before wrapping up a visit overshadowed by Chinese military exercises.
  
  Read more

• Billionaire Chuck Feeney achieves goal of giving away his fortune

  19-09-2020 09:00 via uk.finance.yahoo.com
  
  Billionaire Chuck Feeney achieves goal of giving away his fortuneIrish-American mogul’s philanthropic foundation runs out of cash after 38 years
  
  Read more

• Simon Cowell likely to return for 'America's Got Talent' finale

  19-09-2020 08:57 via ibtimes.co.uk
  
  The talent show mastermind's fellow judge, Heidi Klum insisted that his return was being kept a secret.
  
  Read more

• Kim Kardashian is concerned about Kanye West's 'mood swings and manic episodes'

  19-09-2020 08:07 via ibtimes.co.uk
  
  The rapper dragged Taylor Swift into his Twitter rant and wrote that he will help her "personally" to get her master recordings back.
  
  Read more

• Selling online: how to clear your clutter on eBay and beyond

  19-09-2020 08:00 via uk.finance.yahoo.com
  
  Selling online: how to clear your clutter on eBay and beyondCheap and easy options for listing clothes, CDs and more, from Depop to Facebook Marketplace
  
  Read more

• Oil workers flee as third storm in month aims for U.S. offshore fields

  19-09-2020 07:39 via uk.finance.yahoo.com
  
  Royal Dutch Shell Plchalted some oil production and began evacuating workers from a U.S. Gulf of Mexico platform, the company said on Friday, as a new tropical storm flared.Beta, the 23rd named storm of the Atlantic hurricane season, formed in the Bay of Campeche and was forecast to strengthen steadily and become a hurricane by Sunday off the Texas coast, the National Hurricane Center said.Shell said it was removing non-essential employees from its Perdido platform in the western Gulf of Mexico
  
  Read more

• China launches counter-mechanism to US sanctions list

  19-09-2020 07:28 via uk.finance.yahoo.com
  
  China said Saturday it had launched a mechanism enabling it to restrict foreign entities, a much-anticipated move seen as retaliation to US penalties against Chinese companies such as telecom giant Huawei.
  
  Read more

• Should you go to work when you have a cold?

  19-09-2020 07:00 via uk.finance.yahoo.com
  
  With the symptoms of many common respiratory illnesses similar to that of COVID-19, should we be heading to work if we’re unwell?
  
  Read more

• Cardi B tells fans she is 'okay' and 'not hurt' amid divorce from Offset

  19-09-2020 06:23 via ibtimes.co.uk
  
  Meanwhile, Lizzo has also shown her support to her friend Cardi amid her divorce by sending her flowers.
  
  Read more

• HMRC set to gain new powers to force disclosure of assets

  19-09-2020 06:00
  Finance bill measures would allow tax authority to bypass tribunals
  
  Read more

• Crown Princess Mary reveals home office with photos of her children to give company

  19-09-2020 05:55 via ibtimes.co.uk
  
  The Danish royal who has been carrying out her royal engagements virtually from home, participated in another virtual meeting of UNFPA via Zoom call.
  
  Read more

Follow @Business_UKnews on Twitter!