Business news

• World's largest pilots' union asks U.S. to improve cockpit procedures for Boeing 737 MAX

  21-09-2020 23:58 via uk.finance.yahoo.com
  
  The U.S. aviation regulator should require new cockpit procedures for Boeing Co's737 MAX to help pilots disable an erroneous stall alert that could be a serious distraction during mid-flight emergencies, the world's largest pilot union said on Monday.The proposal about an erroneous "stick shaker" alert is among recommendations the Air Line Pilots Association (ALPA) submitted during a 45-day public comment period for proposed 737 MAX design and operating changes laid out last month by the U.S. Fe
  
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• Pilots' unions urge U.S. regulator to improve cockpit procedures for Boeing 737 MAX

  21-09-2020 23:58 via uk.finance.yahoo.com
  
  The U.S. aviation regulator should require new cockpit procedures for Boeing Co's737 MAX to help pilots disable an erroneous stall alert that could be a serious distraction during mid-flight emergencies, major pilots unions said on Monday.The proposal about an erroneous "stick shaker" alert is among recommendations the Air Line Pilots Association (ALPA) and the Allied Pilots Association submitted during a 45-day public comment period for proposed 737 MAX design and operating changes laid out las
  
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• US economy to recover only when people feel 'safe' from virus: Powell

  21-09-2020 23:50 via uk.finance.yahoo.com
  
  The US economy will only recover from the coronavirus downturn when people feel safe to resume their normal activities, Federal Reserve Chair Jerome Powell said in remarks released Monday ahead of congressional testimony.
  
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• Fears of second lockdown wipe £50bn off UK stocks

  21-09-2020 23:33 via bbc.co.uk
  
  Shares in the US and Europe fall sharply with travel, hotel and pub firms worst hit.
  
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• Johnson to announce 10pm pub curfew across England

  21-09-2020 23:30
  Businesses and schools stay open as wider lockdowns to contain new spread of Covid hit global markets
  
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• Curfews will ruin sector 'already on its knees', pubs warn Boris Johnson

  21-09-2020 23:30 via uk.finance.yahoo.com
  
  Curfews will ruin sector 'already on its knees', pubs warn Boris Johnson. Publicans sign open letter claiming plan for 10pm curfew on drinkers not supported by evidence
  
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• US stock markets continue falling amid Covid fears as Dow drops 510 points

  21-09-2020 23:26 via uk.finance.yahoo.com
  
  US stock markets continue falling amid Covid fears as Dow drops 510 pointsMarkets are entering a fourth week of selloffs, ending a rally that had driven them to record highs over the summer
  
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• Coronavirus economy: The 'banker ladies' saving friends from debt

  21-09-2020 23:24 via bbc.co.uk
  
  Amid a pandemic and economic crisis, minority communities turn to traditional saving methods to help.
  
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• TikTok deal aims to thread needle on US, China demands

  21-09-2020 23:07 via uk.finance.yahoo.com
  
  A fragile deal to put the popular video app TikTok in American control appeared in jeopardy Monday amid disagreement on the ownership structure and Chinese involvement.
  
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• Coronavirus curfew: Pubs and restaurants will be forced to shut at 10pm

  21-09-2020 22:55 via uk.finance.yahoo.com
  
  Pubs, bars and restaurants throughout England will be forced to close at 10pm from Thursday, Boris Johnson will announce in a new coronavirus crackdown.
  
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• Coronavirus curfew: PM to address UK tonight about new measures to tackle dramatic surge in COVID cases

  21-09-2020 22:55 via uk.finance.yahoo.com
  
  Pubs, bars and restaurants throughout England will be forced to close at 10pm from Thursday, Boris Johnson will announce in a new coronavirus crackdown.
  
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• Coronavirus curfew: 10pm nightlife ban and table service only to tackle COVID-19 surge

  21-09-2020 22:55 via uk.finance.yahoo.com
  
  Pubs, bars and restaurants throughout England will be forced to close at 10pm from Thursday, Boris Johnson will announce in a new coronavirus crackdown.
  
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• Coronavirus: 'Work from home if you can' and 10pm nightlife ban as government tries to tackle virus surge

  21-09-2020 22:55 via uk.finance.yahoo.com
  
  Pubs, bars and restaurants throughout England will be forced to close at 10pm from Thursday, while people have been told to work from home again if they can.
  
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• U.S. judge fast-tracks Tiffany's case on $16 billion LVMH deal, sets January trial

  21-09-2020 22:52 via uk.finance.yahoo.com
  
  A U.S. court on Monday fast-tracked Tiffany & Co'slawsuit against French luxury goods conglomerate LVMHfor trying to back out of its $16 billion (£12.48 billion) deal to acquire the jeweler.Delaware Chancery Court Vice Chancellor Joseph Slights said he would set a four-day trial beginning Jan. 5, 2021, which is after the Nov. 24 "drop-dead" date for the biggest luxury merger deal to close but before antitrust approvals begin to expire.LVMH’s acquisition of Tiffany hit the rocks t
  
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• Delaware judge fast-tracks Tiffany's case on $16 billion LVMH deal, setting January trial

  21-09-2020 22:52 via uk.finance.yahoo.com
  
  A Delaware Chancery Court justice on Monday agreed to fast-track Tiffany & Co'slawsuit against French luxury goods conglomerate LVMHfor trying to back out of its $16 billion (£12.48 billion) deal to acquire the U.S. jeweler.Vice Chancellor Joseph Slights said he would set a four-day trial beginning Jan. 5, 2021, which is after the Nov. 24 "drop-dead" date for the biggest luxury merger deal to close but before antitrust approvals begin to expire.Slights said he hoped both Tiffany and LV
  
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• Britain’s stock market suffers worst day in months with more than £51bn wiped off FTSE 100

  21-09-2020 22:46 via uk.finance.yahoo.com
  
  Britain's stock market has suffered the worst day in three months with £15bn being wiped of the FTSE 100.The crash came in the wake of fears that a second coronavirus wave will force the Government to launch harsh new lockdown measures.
  
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• Trump to 'cut off' TikTok if deal cannot be saved

  21-09-2020 22:35 via uk.finance.yahoo.com
  
  President Donald Trump said on Monday that he would save a deal to boost American control of Chinese-owned popular social media app TikTok if possible, but would "cut it off" if not.Speaking to reporters before departing the White House, Trump said he had given a "preliminary ok" to a plan for U.S. companies Oracle and Walmart to take stakes in a new U.S. company to run TikTok, which is currently owned by China's Bytedance.Trump had previously made clear he wanted a U.S. company to buy TikTok, b
  
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• Vodafone, Sky, WindTre urge Italy to create independent single network operator

  21-09-2020 22:05 via uk.finance.yahoo.com
  
  Vodafone , Comcast unit SKYand WindTre on Monday urged Italy to create a single broadband communications network that can guarantee neutrality and independence for all players.In August, Rome signed off on a plan to create a national unified fast broadband network designed in part to head off concern that Telecom Italia (TIM) , Italy's biggest phone group, could end up with too much sway over it.TIM, with a large retail client division, has repeatedly said it wants to control any single grid whi
  
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• GE: Industrial giant will stop building coal-fired power plants

  21-09-2020 21:47 via bbc.co.uk
  
  In a dramatic reversal, one of the world's biggest makers of coal-fired plants will exit the market.
  
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• Coronavirus: The disease is clearly spreading - but can we trust the figures?

  21-09-2020 21:36 via uk.finance.yahoo.com
  
  Before we get to the presentation by Sir Patrick Vallance and Professor Chris Whitty this morning, do you mind if I begin with a couple of recollections?
  
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• Johnson turns to scientists to make case for Covid clampdown

  21-09-2020 21:05
  Top advisers warn UK is on same path as France and Spain unless it takes action
  
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• Facebook warns it could pull services out of Europe

  21-09-2020 21:01 via uk.finance.yahoo.com
  
  Facebook has threatened to pull its social media platforms from Europe if it is forced to stop transferring users’ data to the US. The technology company warned that more than 410m people may lose access to its services, after the Irish Data Protection Commissioner (DPC) suggested it would enforce a European Court of Justice decision that such transfers of data break EU law. The DPC issued a preliminary order earlier this month. “In the event that the applicant [Facebook] were subjec
  
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• Volkswagen ID.4 electric SUV to come with three years of unlimited charging

  21-09-2020 20:57 via uk.finance.yahoo.com
  
  Volkswagen said customers, who lease or purchase the electric SUV that was launched last month, can access the company's unit Electrify America's U.S. network of more than 470 charging stations and over 2,000 fast chargers.The ID family is the linchpin of the Volkswagen brand's ambitious plan to build 1.5 million electric vehicles a year by 2025.The broader Volkswagen Group has said it will spend nearly $40 billion by 2024 to ramp up electric vehicle production in Europe, China and the United St
  
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• Microsoft buys gaming firm ZeniMax Media for $7.5 bn

  21-09-2020 20:43 via uk.finance.yahoo.com
  
  Microsoft on Monday announced it will acquire ZeniMax Media for $7.5 billion, adding muscle to its Xbox arm ahead of a fierce battle in the market for new gaming consoles.
  
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• Government aid, stock gains push U.S. wealth to pre-pandemic levels, Fed says

  21-09-2020 20:41 via uk.finance.yahoo.com
  
  A rebounding stock market and massive federal aid payments pushed the net worth of U.S. households back to pre-coronavirus levels in the second quarter, the Federal Reserve reported on Monday, with savings accounts and equity portfolios both rising sharply despite the pandemic.The U.S. central bank's latest quarterly look at wealth and income offered further evidence of how the quick mobilization by U.S. lawmakers and the Fed in March and April, including approval of small business loans and $60
  
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• Airbus looks to the future with hydrogen planes

  21-09-2020 20:39 via bbc.co.uk
  
  The aerospace giant said its hydrogen-fuelled passenger planes could be in service by 2035.
  
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• Rail franchises have hit the buffers but what next for Britain's trains?

  21-09-2020 20:27 via uk.finance.yahoo.com
  
  Rail franchises have hit the buffers but what next for Britain's trains?. Long-overdue reform of the network must concentrate on who will ultimately be in charge
  
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• Movie Trailers with the Most Views on YouTube in the First 24 Hours

  21-09-2020 20:26 via ibtimes.co.uk
  
  Movie trailers are a means for the studios to build excitement for their upcoming projects. Therefore, whenever a new trailer is set to drop, many viewers interested in movies rush to watch it.
  
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• Lawyers offer Johnson help to break state aid impasse in EU talks

  21-09-2020 20:21
  Legal experts from across political spectrum say they can help UK design a post-Brexit subsidy regime
  
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• Theresa May insists she will not vote for Brexit legislation

  21-09-2020 20:15 via uk.finance.yahoo.com
  
  Theresa May has said she will not support the government’s controversial Brexit legislation, warning it will cause "untold damage" to the UK and threaten the future of the Union. The former prime minister accused the government of acting "recklessly and irresponsibly" without thinking of the long-term consequences by its willingness to breach international law.
  
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• Fears over second Covid lockdown wipes £50bn off FTSE 100

  21-09-2020 20:15 via uk.finance.yahoo.com
  
  Fears over second Covid lockdown wipes £50bn off FTSE 100Sharp falls in Europe and US as investors worry about further economic shutdowns* Coronavirus – latest updates* See all our coronavirus coverage
  
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• £51bn wiped off FTSE 100 amid fears over second Covid lockdown

  21-09-2020 20:15 via uk.finance.yahoo.com
  
  £51bn wiped off FTSE 100 amid fears over second Covid lockdownSharp falls in Europe and US as investors worry about further shutdowns of various economies* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Three Brazilian justices vote against Petrobras refinery privatizations

  21-09-2020 20:09 via uk.finance.yahoo.com
  
  Three justices on Brazil's Supreme Court have voted against allowing state-owned oil company Petrobrasto go ahead with the planned sale of eight refineries, according to the court's website.Justices Marco Aurélio Mello and Ricardo Lewandowski voted to stop the privatizations, according to the court's website on Monday, after justice Edson Fachin similarly voted against it on Friday.The Supreme Court has until Friday to rule on the matter, with the other nine justices yet to cast their vot
  
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• Second Brazil judge votes against Petrobras refinery privatizations

  21-09-2020 20:09 via uk.finance.yahoo.com
  
  A second justice on Brazil's Supreme Court has voted against allowing state-owned oil company Petrobrasto go ahead with the planned sale of eight refineries, according to a court document reviewed by Reuters.Justice Ricardo Lewandowski's vote to stop the privatizations comes after justice Edson Fachin similarly voted against it on Friday.Brazil's Congress had requested that the court suspend the transactions.
  
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• Microsoft steps up Xbox game with ZeniMax Media buy

  21-09-2020 20:00 via uk.finance.yahoo.com
  
  Microsoft's deal to buy ZeniMax Media and its game studios for $7.5 billion bodes well for its Xbox consoles and could shift the competitive landscape in an industry shifting to online play.
  
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• Occidental to pay dividend to Buffett's Berkshire in cash, not stock

  21-09-2020 19:46 via uk.finance.yahoo.com
  
  Occidental Petroleum Corpsaid on Monday it will pay a $200 million (155.64 million pounds) quarterly dividend to Warren Buffett's Berkshire Hathaway Incin cash instead of common stock, even as the company tries to reduce debt following a plunge in oil prices.In a regulatory filing, Occidental said the payment on its perpetual preferred stock would be made on Oct. 15.Berkshire bought $10 billion of Occidental preferred stock in August 2019, helping fund the Houston-based company's $35.7 billion a
  
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• Santander to seek shareholder approval for cash dividend

  21-09-2020 19:41 via uk.finance.yahoo.com
  
  Santanderon Monday called a general shareholders' meeting on October 27 to approve a 0.10 euros per share cash dividend to be paid in 2021, pending a green light from the European Central Bank.Santander, the euro zone's third-biggest bank by market value, had in July proposed a scrip dividend, payable in new shares, equivalent to 10 cents per share for 2019.This followed the ECB's recommendation that euro zone banks should not pay cash dividends until the end of 2020 to help them to cope with th
  
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• Halting a second wave requires onerous trade-offs

  21-09-2020 19:40
  Curbing the virus without new national lockdowns means limiting social mixing
  
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• Key takeaways from the FinCen Files

  21-09-2020 19:38 via uk.finance.yahoo.com
  
  Britain-based HSBC Holdings PLCand Standard Chartered PLCfell to 25-year lows, while U.S. banks JPMorgan Chase & Coand Bank of New York Mellon Corpwere down 4.1% and 4.7%, respectively.The investigative series is named after the U.S. Department of Treasury's Financial Crimes Enforcement Network, or FinCEN, which receives alerts from banks and other financial firms about transactions that appear to be questionable.Financial institutions filed SARs for more than $2 trillion worth of transactio
  
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• Johnson to announce 10pm pub closing time across England

  21-09-2020 19:32
  Move comes after advisers warn daily case number could rise to 50,000 by middle of next month
  
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• Australia prepares for bumper harvest as rain boosts NSW winter crops 300%

  21-09-2020 19:30 via uk.finance.yahoo.com
  
  Australia prepares for bumper harvest as rain boosts NSW winter crops 300%Wettest winter in the state since 2016 has brought ‘an incredible turnaround’ for grain growers hit by drought
  
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• Beyond Meat to sell plant-based sausage patty in 5,000 more U.S. stores

  21-09-2020 19:29 via uk.finance.yahoo.com
  
  The California-based company, which derives about half of its global sales from restaurants, has had to reroute its products to retailers to keep sales humming during restaurant closures from coronavirus-led lockdowns."Following the initial release of our Beyond Breakfast Sausage Patties at retailers earlier this year, we heard an enthusiastic and overwhelmingly positive response from consumers who asked for increased availability," Chief Growth Officer Chuck Muth said in a statement.The company
  
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• GM, Bosch stick with Nikola alliances despite Milton's exit

  21-09-2020 19:21 via uk.finance.yahoo.com
  
  General Motors Coand Germany's Bosch said on Monday they were sticking to their alliances with Nikola Corpafter the executive chairman of the electric and fuel cell truck startup stepped down amid allegations of fraud.Nikola founder Trevor Milton, whose company become a darling of the stock market over the summer, resigned as executive chairman on Monday following accusations by short-seller Hindenburg Research on Sept. 10 that he made false claims about Nikola's technology.Milton has fought bac
  
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• Jet engine maker Rolls-Royce considering £2.5bn cash call

  21-09-2020 19:20 via uk.finance.yahoo.com
  
  Jet engine maker Rolls-Royce considering £2.5bn cash callDerby-based firm says it is reviewing all funding options to get it through Covid-19 crisis * Coronavirus – latest updates* See all our coronavirus coverage
  
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• US recovery can continue without new aid: advisor

  21-09-2020 19:17 via uk.finance.yahoo.com
  
  Negotiators in Washington have made no progress on getting a new economic aid package through Congress but a top White House official on Monday suggested such spending may not be necessary.
  
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• Microsoft buys Fallout creator Bethesda for $7.5bn

  21-09-2020 19:08 via bbc.co.uk
  
  Xbox's owner confirms it has bought the game developer ahead of the launch of the new Xbox console.
  
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• UK’s hospitality sector warns new lockdown would be ‘nail in coffin’

  21-09-2020 19:04
  Share prices of pub groups and travel companies dive as industry fears fresh curbs
  
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• Merkel urges quick agreement with European lawmakers on EU budget, recovery plan

  21-09-2020 18:59 via uk.finance.yahoo.com
  
  German Chancellor Angela Merkel and European Commission President Ursula von der Leyen called on European lawmakers on Monday to quickly agree to the bloc's recovery package and the multi-year budget.Merkel and von der Leyen discussed the 750 billion euro recovery plan and the related 1.1 trillion euro 2021-2027 budget in a video conference with European Parliament President Davide Sassoli, a German government spokesman said.
  
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• Stock markets sink on new lockdown fears

  21-09-2020 18:35 via uk.finance.yahoo.com
  
  More than £50bn was wiped off the stock market on Monday as fears mounted that new Covid restrictions would be imposed, prompting business leaders to plead for extra state support. Second wave fears swept European markets after investors were spooked by the prospect of another economically crippling lockdown. Resurgent cases across Europe and the grim warning from government scientists triggered the FTSE 100’s biggest fall in more than three months as traders also dumped stocks on Wa
  
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• Banking shares plummet on laundering allegations

  21-09-2020 18:17 via uk.finance.yahoo.com
  
  Shares in major banks such as HSBC, Deutsche Bank and ING were hammered Monday following allegations they had handled huge sums of dirty money for almost 20 years.
  
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