Business news

• Banks, investors pivot towards Biden win after Trump tests positive for COVID

  02-10-2020 23:53 via uk.finance.yahoo.com
  
  Global banks and investors said they were stepping up their preparations for a victory by Democratic presidential candidate Joe Biden after his rival Republican President Donald Trump revealed he had tested positive for COVID-19 early on Friday.By Friday, they were quickly shifting gears on the basis that Trump's positive result would deal a blow to his campaign and lessen the overall chances of a contested election outcome."Trump contracting the coronavirus will elevate institutional money's pr
  
  Read more

• Green-oriented NextEra nears ExxonMobil in market value

  02-10-2020 23:32 via uk.finance.yahoo.com
  
  In a sign of shifting fortunes in the energy business, green-oriented power company NextEra Energy on Friday sparred with petroleum giant Exxon Mobil for market capitalization supremacy.
  
  Read more

• Covid-19 left me jobless - but what happened next?

  02-10-2020 23:30 via bbc.co.uk
  
  These people lost their jobs early in the coronavirus crisis. How have these past months been?
  
  Read more

• Trump Covid: US shares slump after president tests positive

  02-10-2020 23:16 via bbc.co.uk
  
  The US president confirms he and his wife have contracted Covid-19 weeks ahead of the election.
  
  Read more

• Advertisement

• UK lockdown measures drive used car prices to record growth

  02-10-2020 22:00
  Advice to avoid using public transport during pandemic boosts sales
  
  Read more

• Lockdown measures drive used car prices to record growth

  02-10-2020 22:00
  Advice to avoid using public transport during pandemic boosts sales
  
  Read more

• Lender accused of charging 'exorbitant' fees received $20m loan from company chaired by former Brisbane mayor

  02-10-2020 22:00 via uk.finance.yahoo.com
  
  Lender accused of charging 'exorbitant' fees received $20m loan from company chaired by former Brisbane mayorCorporate watchdog’s lawsuit alleges lender provided credit without a licence and charged up to six times amount borrowed
  
  Read more

• Australian budget preview: what we already know, and what the experts think

  02-10-2020 22:00 via uk.finance.yahoo.com
  
  Australian budget preview: what we already know, and what the experts thinkInitiatives have been announced in sectors such as manufacturing, banking and tourism. Will they work?
  
  Read more

• Advertisement

• Legal battle over Covid insurance heads for Supreme Court

  02-10-2020 21:17
  Small businesses face further wait to discover if their policies will cover lockdown disruption
  
  Read more

• Exclusive: Airbnb aims to raise roughly $3 billion in IPO - sources

  02-10-2020 20:48 via uk.finance.yahoo.com
  
  Airbnb will be one of the largest and most anticipated U.S. stock market listings of 2020 which has already been a blockbuster year for IPOs, featuring the likes of record label Warner Music Group , data analytics firm Palantir Technologiesand data warehouse company Snowflake Inc .Airbnb said in August it had filed confidentially for an IPO with U.S. regulators.The company's current plan is to make its filing publicly available in November after the U.S presidential election and is targeting an
  
  Read more

• First new deep coalmine in UK for 30 years gets go ahead

  02-10-2020 20:45 via uk.finance.yahoo.com
  
  First new deep coalmine in UK for 30 years gets go ahead. Planning permission granted to Cumbria project that will extract 2.7m tonnes of coal per year
  
  Read more

• Investors load $500 mn into Uber's trucking business

  02-10-2020 20:21 via uk.finance.yahoo.com
  
  Uber on Friday said an investment group led by Greenbriar Equity is pumping $500 million into its trucking unit.
  
  Read more

• Harvey Weinstein facing six new sexual assault charges in LA

  02-10-2020 20:07 via uk.finance.yahoo.com
  
  Harvey Weinstein is facing six new sexual assault charges in Los Angeles.
  
  Read more

• UK government puts temporary block on coal mine plan

  02-10-2020 19:51
  Housing secretary Robert Jenrick’s intervention comes after Cumbria county council approved building of the pit
  
  Read more

• What's next for Asda after the Walmart era?

  02-10-2020 19:45 via uk.finance.yahoo.com
  
  Following a drawn-out bidding process interrupted by Covid-19, Walmart has finally managed to offload Asda – 20 years after it bought the grocer and for roughly the same price it originally paid. The new majority owners are the publicity-shy, Blackburn-based brothers Mohsin and Zuber Issa, who also run petrol station chain EG Group, together with investment firm TDR. Private equity houses Apollo and Lone Star both lost out. The return of Asda to British ownership has been widely cheered, w
  
  Read more

• Headwinds for Google as rivals, customers criticise Fitbit concessions

  02-10-2020 19:44 via uk.finance.yahoo.com
  
  Google's bid to win EU approval for its $2.1 billion (£1.62 billion) purchase of Fitbitfaces headwinds as rivals and customers argue concessions to EU antitrust regulators do not go far enough, two people familiar with the matter said on Friday.Alphabet's Google last week offered to restrict the use of Fitbit data for Google ads and to monitor the process closely.It also offered to make it easier for rival makers of wearables to connect to the Android platform by offering them access to An
  
  Read more

• Trump's Covid diagnosis spooks investors but FTSE closes in the black

  02-10-2020 19:26 via uk.finance.yahoo.com
  
  Trump's Covid diagnosis spooks investors but FTSE closes in the black. Volatile trading in US and across Europe as news heightens uncertainty in run-up to election
  
  Read more

• UK looks to EU to break Brexit talks impasse

  02-10-2020 19:16 via uk.finance.yahoo.com
  
  Britain and the European Union on Friday said post-Brexit trade talks remained deadlocked on key areas, as London urged Brussels to give ground to avoid a damaging "no-deal" at the end of the year.
  
  Read more

• U.S. government appeals judge's ruling to block WeChat app store ban

  02-10-2020 18:53 via uk.finance.yahoo.com
  
  The U.S. Justice Department on Friday said it was appealing a judge's decision to block the government from barring Apple Incand Alphabet Inc'sGoogle from offering Chinese-owned messaging app WeChat for download in U.S. app stores.The government said it was appealing the Sept. 19 preliminary junction issued by U.S. Magistrate Judge Laurel Beeler to the 9th U.S. Circuit Court of Appeals.The injunction blocked the U.S. Commerce Department order, which would also bar other U.S. transactions with Te
  
  Read more

• U.S. appeals judge's ruling to block WeChat app store ban

  02-10-2020 18:53 via uk.finance.yahoo.com
  
  The U.S. Justice Department on Friday said it was appealing a judge's decision to block the government from barring Apple Incand Alphabet Inc'sGoogle from offering Chinese-owned messaging app WeChat for download in U.S. app stores.The government said it was appealing to the 9th U.S. Circuit Court of Appeals the Sept. 19 preliminary junction issued by U.S. Magistrate Judge Laurel Beeler.The injunction blocked the U.S. Commerce Department order, which would also bar other U.S. transactions with Te
  
  Read more

• Asda bought by billionaire Issa brothers in £6.8bn deal

  02-10-2020 18:53 via bbc.co.uk
  
  Zuber and Mohsin Issa and TDR Capital are buying a majority stake in the UK supermarket from Walmart.
  
  Read more

• Rishi Sunak: UK needs to protect tech secrets from foreign investors

  02-10-2020 18:51 via uk.finance.yahoo.com
  
  Rishi Sunak: UK needs to protect tech secrets from foreign investorsNew state aid rules required to stop hostile countries getting access to firms, says chancellor
  
  Read more

• Engie board set to appoint Catherine MacGregor as new CEO

  02-10-2020 18:48 via uk.finance.yahoo.com
  
  French energy group Engie'sboard is set to appoint Catherine MacGregor, a top executive at Franco-American oil services firm TechnipFMCas CEO, eight months after the ouster of Isabelle Kocher, a source familiar with the situation told Reuters.An Engie spokeswoman earlier confirmed media reports that a board meeting on Friday afternoon will designate a new chief executive officer.Energy sector specialist Catherine MacGregor, 48, is a French national who currently heads Technip Energiesafter havin
  
  Read more

• Engie appoints oil services executive to execute new renewables strategy

  02-10-2020 18:48 via uk.finance.yahoo.com
  
  France's Engieappointed an oil services executive to execute its strategy of refocusing the utility on renewable energy and grids, overlooking the internal candidate behind its new green strategy.Engie said in a statement it had appointed Franco-American oil services firm TechnipFMCexecutive Catherine MacGregor as new CEO, effective Jan. 1, 2021.MacGregor's appointment comes eight months after the ouster of Isabelle Kocher and in the middle of a takeover bid from water utility Veolia for Engie u
  
  Read more

• Canada slaps tough controls on Californian lettuce over E.coli risk

  02-10-2020 18:45 via uk.finance.yahoo.com
  
  Canada's food inspection agency announced on Friday it was restricting imports of romaine lettuce from parts of the US state of California linked to several recent outbreaks of E. coli food poisoning.
  
  Read more

• Pelosi urges US airlines to stop layoffs, backs aid

  02-10-2020 18:44 via uk.finance.yahoo.com
  
  Airline workers at risk of layoffs were given hope of a reprieve on Friday after House Speaker Nancy Pelosi backed another round of aid for the beleaguered sector.
  
  Read more

• Vivendi plans to keep buying Lagardere shares

  02-10-2020 18:35 via uk.finance.yahoo.com
  
  Vivendi plans to keep buying shares in Lagardere and is open to acquiring activist fund Amber Capital's stake in the company, which could trigger a tender offer for the rest of the Lagardere's stock, Vivendi said in a filing on Friday.Vivendi , the French media group controlled by billionaire Vincent Bollore, is Lagardere'stop shareholder with a 26.7% stake.Amber and Vivendi are seeking board representation at Lagardere and are calling for a shareholders' meeting, which Lagardere, led by the fou
  
  Read more

• Trump coronavirus positive rocks stock markets

  02-10-2020 18:33 via uk.finance.yahoo.com
  
  News that US President Donald Trumpand his wife Melania had tested positive for the coronavirus rocked global markets Friday, stoking uncertainty in the world's biggest economy just one month before Americans go to the polls.
  
  Read more

• Tesla to acquire German battery assembly maker - source

  02-10-2020 18:32 via uk.finance.yahoo.com
  
  ATW, a subsidiary of Canadian ATS Automation Tooling Systems Inc , was on the brink of liquidation due to a slump in orders, German media reported in September.ATS on Sept. 25 announced that certain assets and employees at one of its Germany-based units would be sold and transferred to a third party, without disclosing the name of the company.ATS and ATW on Friday did not immediately respond to a request for comment.
  
  Read more

• Post Office apologises in false accounting scandal climbdown

  02-10-2020 18:32 via uk.finance.yahoo.com
  
  Post Office apologises in false accounting scandal climbdownSubpostmasters’ appeals now set to be unopposed as chair admits ‘historical failings’
  
  Read more

• US job creation slows as markets dip on Trump Covid fears

  02-10-2020 18:28 via uk.finance.yahoo.com
  
  Weak US jobs growth combined with Donald Trump’s Covid diagnosis for a day of turmoil on the financial markets. The Dow Jones fell as much as 1.4pc and the S&P; 500 1.6pc on Friday before paring losses later in the day after investors were spooked by the President’s positive coronavirus test. Brent crude oil fell 4pc while gold rose more than 1pc as investors sought safe haven assets. Markets swung in later trading, with gold erasing its gains, although oil remained in the red. I
  
  Read more

• Tesla delivers record number of cars as Covid-19 restrictions lifted

  02-10-2020 18:25 via uk.finance.yahoo.com
  
  Tesla surpassed expectations to deliver 139,000 cars in the third quarter of the year, beating Wall Street forecasts and shrugging off earlier disruptions caused by the coronavirus outbreak. The Model 3 Sedan and Model Y crossover SUV made up about 89pc of the deliveries with the older more expensive Model S and X making up the rest, Tesla said on Friday. Deliveries are the closest approximation to actual sales that Tesla discloses. Shares fell 5pc on Friday amid a larger market sell off due to
  
  Read more

• Barnier warns of 'persistent, serious' differences in Brexit talks

  02-10-2020 18:18 via uk.finance.yahoo.com
  
  The EU's chief negotiator Michel Barnier warned on Friday of serious differences remaining with Britain at the end of the latest round of post-Brexit trade talks.
  
  Read more

• US sees dire jobs trends as unemployment falls to 7.9% in September

  02-10-2020 18:17 via uk.finance.yahoo.com
  
  The US unemployment rate dipped in September but government data points to a slowing recovery ahead of next month's election, with the White House race suddenly thrown into chaos by President Donald Trump's positive Covid-19 test.
  
  Read more

• Coronavirus: Brits could be saving over £1,000 on toll roads while working from home

  02-10-2020 18:14 via uk.finance.yahoo.com
  
  A return toll booth journey costs Brits about £4.83.
  
  Read more

• Premium Bonds or stock market investing? What I think you should do this October

  02-10-2020 18:01 via uk.finance.yahoo.com
  
  Premium Bonds are safe and offer the chance of a windfall. However, on average, stock market investing should build more wealth.The post Premium Bonds or stock market investing? What I think you should do this October appeared first on The Motley Fool UK.
  
  Read more

• Noble Energy shareholders approve $4.2 billion sale to Chevron

  02-10-2020 17:50 via uk.finance.yahoo.com
  
  Noble Energyshareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp , making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets.The all-stock deal values Noble Energy at around $4.2 billion (3.25 billion pounds), excluding $8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global fuel demand.The addition of Noble will boost Chevron's U.S. shale oil holdin
  
  Read more

• Noble Energy shareholders approve $4.1 billion sale to Chevron

  02-10-2020 17:50 via uk.finance.yahoo.com
  Noble Energyshareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp , making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets.The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global fuel demand.The addition of Noble will boost Chevron's U.S. shale oil holdings, making it the No.
  
  Read more

• COVID-19 rules could see 290,000 UK job losses and cost the economy £7bn

  02-10-2020 17:48 via uk.finance.yahoo.com
  
  The report adds more pressure on the government as Boris Johnson faces fresh revolt from MPs over the 10pm curfews in the hospitality sector.
  
  Read more

• Studies suggest growth in coronavirus cases is slowing in England

  02-10-2020 17:45
  But experts caution that it is too soon to conclude that the epidemic is coming under control
  
  Read more

• Former Belgian King Albert's love child granted royal rights and title

  02-10-2020 17:33 via ibtimes.co.uk
  
  Belgium's Former King Albert will be obligated to pay for his daughter's legal fees amounting to £3.1 million.
  
  Read more

• US sees worrying unemployment report amid Trump Covid-19 diagnosis

  02-10-2020 17:21 via uk.finance.yahoo.com
  
  The US unemployment rate dipped in September but government data points to a slowing recovery ahead of next month's election, with the White House race suddenly thrown into chaos by President Donald Trump's positive Covid-19 test.
  
  Read more

• Neymar loses case against Alvaro Gonzalez in racial abuse claims

  02-10-2020 17:19 via ibtimes.co.uk
  
  There was not enough evidence to support Neymar's claims that he was racially abused by the Marseille defender.
  
  Read more

• KLM chief says more job cuts expected if COVID crisis persists

  02-10-2020 17:18 via uk.finance.yahoo.com
  
  KLM, the Dutch arm of airline group Air France-KLM , will likely have to cut more jobs than the thousands of layoffs already announced due to the coronavirus pandemic, its chief executive Pieter Elbers said in a message to his staff.Elbers warned that COVID-19 will limit flights more extensively than the 20-25% drop it had anticipated for next year."We now expect even lower production, which ultimately means we need fewer people", Elbers said in his message, seen by Reuters.
  
  Read more

• Lionel Messi is fired up to win for Barcelona, says Sergi Roberto

  02-10-2020 17:14 via ibtimes.co.uk
  
  Ansu Fati can become the perfect replacement for Luis Suarez as Messi's on-field partner in Barcelona.
  
  Read more

• Global financial markets rocked by Trump coronavirus diagnosis

  02-10-2020 17:10 via uk.finance.yahoo.com
  
  Financial markets were volatile in the wake of the news with many analysts unsure of the economic implications
  
  Read more

• LSE to be told about EU's Refinitiv deal concerns, sources say

  02-10-2020 17:08 via uk.finance.yahoo.com
  
  London Stock Exchangeis set to be hit with a charge sheet in the coming weeks setting out the European Union's antitrust concerns over its $27 billion purchase of data provider Refinitiv, two people familiar with the matter said.LSE announced the proposed Refinitiv deal last year to broaden its trading business and make it a major distributor and creator of market data in a profitable and fast growing sector.The European Commission has voiced concerns about the combined company's large market sh
  
  Read more

• The Royal Family's Cutest Moments With Kids Caught on Camera

  02-10-2020 17:06 via uk.finance.yahoo.com
  
  The Royal Family are one of the most protected families in the world, but they often let their guard down when it comes to meeting children.
  
  Read more

• Centamin’s share price just crashed. Here’s what I’d do now

  02-10-2020 17:01 via uk.finance.yahoo.com
  
  Shares in FTSE 250 gold miner Centamin have just fallen more than 20%. Edward Sheldon explains what's behind the share price fall.The post Centamin’s share price just crashed. Here’s what I’d do now appeared first on The Motley Fool UK.
  
  Read more

• Facebook membership of anti-mask groups shoots up nearly 2000% since August

  02-10-2020 17:00 via uk.finance.yahoo.com
  
  ‘No government or tyrant should control our faces,’ states one of 78 anti-mask groups on the social network
  
  Read more

Follow @Business_UKnews on Twitter!