Business news

• Microsoft to let most employees work remotely for up to half their weekly working hours

  09-10-2020 23:57 via uk.finance.yahoo.com
  
  The software-maker said in a blog post that while returning to office is optional for most employees for now, Microsoft was not committing to having every employee work remotely.The Redmond, Washington-based company had about 163,000 full-time employees as of June.Earlier in May, Twitter Incbecame the first major tech company to allow employees who can work remotely to do so indefinitely.
  
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• U.S. should try to delay IPO of China's Ant Group, Senator Rubio says

  09-10-2020 23:47 via uk.finance.yahoo.com
  
  Senator Marco Rubio, who has successfully urged the Trump administration to pursue investigations of Chinese companies, called on Friday for the U.S. government to consider options to delay an initial public offering of China's Ant Group, the fintech arm of Chinese e-commerce giant Alibaba ."It's outrageous that Wall Street is rewarding the Chinese Communist Party's blatant crackdown on Hong Kong's freedom and autonomy by orchestrating Ant Group's IPO on the Hong Kong and Shanghai stock exchange
  
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• U.S. should try to delay IPO of China's Ant Group, says Senator Rubio

  09-10-2020 23:47 via uk.finance.yahoo.com
  
  Senator Marco Rubio, who has successfully urged the Trump administration to pursue investigations of Chinese companies, called on Friday for the U.S. government to consider options to delay an initial public offering for China's Ant Group, the fintech arm of Chinese e-commerce firm Alibaba ."It's outrageous that Wall Street is rewarding the Chinese Communist Party's blatant crackdown on Hong Kong's freedom and autonomy by orchestrating Ant Group's IPO on the Hong Kong and Shanghai stock exchange
  
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• U.S. should try to delay IPO of China's Ant Financial, says Senator Rubio

  09-10-2020 23:47 via uk.finance.yahoo.com
  
  Senator Marco Rubio, who has successfully urged the Trump administration to pursue investigations of Chinese companies, called on Friday for the U.S. government to consider options to delay an initial public offering for China's Ant Financial, the fintech arm of Chinese e-commerce firm Alibaba ."It's outrageous that Wall Street is rewarding the Chinese Communist Party's blatant crackdown on Hong Kong's freedom and autonomy by orchestrating Ant Group's IPO on the Hong Kong and Shanghai stock exch
  
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• U.S. should try to delay IPO of China's Ant Financial, Rubio says

  09-10-2020 23:47 via uk.finance.yahoo.com
  
  Senator Marco Rubio, who has successfully urged the Trump administration to pursue probes into Chinese companies, called on Friday for the U.S. government to consider options to delay an initial public offering for China's Ant Financial, the fintech arm of Chinese e-commerce giant Alibaba."It's outrageous that Wall Street is rewarding the Chinese Communist Party's blatant crackdown on Hong Kong's freedom and autonomy by orchestrating Ant Group's IPO on the Hong Kong and Shanghai stock exchanges,
  
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• Billionaire Issa brothers honoured after Asda takeover

  09-10-2020 23:30 via bbc.co.uk
  
  The brothers from Blackburn are among the business leaders named on the Queen's Birthday Honours list
  
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• Billionaire Issa brothers honoured a week after £6.8bn Asda takeover

  09-10-2020 23:30 via uk.finance.yahoo.com
  
  GlaxoSmithKline boss Emma Walmsley and property tycoon Anthony Gallagher are also recognised in the Queen’s Birthday Honours list.
  
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• Stocks gain on hopes for virus medication, US stimulus boost

  09-10-2020 23:28 via uk.finance.yahoo.com
  
  Global stocks mostly rose Friday amid increased hopes for a US stimulus package following the latest statements from President Donald Trump and rising confidence about coronavirus therapeutics.
  
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• 'I altered my personality to fit in at work'

  09-10-2020 23:23 via bbc.co.uk
  
  Why are there so few black, Asian and ethnic minority people at the top in UK businesses?
  
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• Twitter tightens rules to thwart election threats

  09-10-2020 23:17 via uk.finance.yahoo.com
  
  Twitter said Friday it will take down calls for violence starting after polls close on US election day and slap warnings on premature victory claims to fight efforts to undermine the election.
  
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• Why Covid could remove barriers for women in the car industry

  09-10-2020 23:04 via bbc.co.uk
  
  Bentley's Astrid Fontaine explains why Covid could remove barriers for women in the car industry.
  
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• U.S. signs agreement with AstraZeneca to develop, supply COVID-19 antibody treatment

  09-10-2020 22:50 via uk.finance.yahoo.com
  
  The U.S. health agency will provide the funding to AstraZeneca for two Phase 3 clinical trials under operation Warp Speed, which is aimed at speeding up treatments and vaccines for COVID-19.AstraZeneca said it plans to supply up to 100,000 doses starting towards the end of 2020 and the US Government can acquire up to an additional one million doses in 2021 under a separate agreement.In a video posted on Twitter on Wednesday, Trump credited Regeneron Pharmaceuticals Inc'stherapeutic for his recov
  
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• U.S., AstraZeneca strike deal for COVID-19 antibody treatment touted by Trump

  09-10-2020 22:50 via uk.finance.yahoo.com
  
  The agreement, under the Trump administration's Operation Warp Speed, is for developing a monoclonal antibody cocktail that can prevent COVID-19, especially in high-risk population like those over 80 years old, the U.S. Department of Health and Human Services said.The treatment has come under the spotlight after Trump was treated with Regeneron Pharmaceuticals'antibody drug last week.
  
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• White House proposes $1.8 trillion stimulus, Trump says go bigger

  09-10-2020 22:34 via uk.finance.yahoo.com
  
  With the presidential election fast approaching, the White House on Friday proposed a beefed-up $1.8 trillion economic rescue plan to try to coax congressional Democrats into an agreement.
  
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• Microsoft to allow some staff to work from home indefinitely

  09-10-2020 22:08 via uk.finance.yahoo.com
  
  ‘Our goal is to evolve the way we work over time,’ spokesperson says
  
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• Microsoft makes remote work option permanent

  09-10-2020 21:44 via bbc.co.uk
  
  The move puts the US tech giant in the company of firms such as Facebook and Twitter.
  
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• Africa needs $1.2 tn of financing to beat Covid-19 hit: IMF

  09-10-2020 21:41 via uk.finance.yahoo.com
  
  African countries will need $1.2 trillion through 2023 to repair the economic damage inflicted by the coronavirus pandemic, IMF Managing Director Kristalina Georgieva said Friday.
  
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• Twitter restricts its trademark Retweet button to slow down spread of fake news

  09-10-2020 21:27 via uk.finance.yahoo.com
  
  Twitter will begin pushing its users away from its retweet feature for the duration of the US election, altering one of the fundamental building blocks of its service in order to slow the spread of fake news. The fast-paced social network said on Friday that it will attempt to discourage people from uncritically sharing others' tweets by asking them to write their own commentary first, starting on October 20. It also expanded its fact-checking rules to include any United States political figure
  
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• White House to propose $1.8 trillion stimulus, Trump says go bigger

  09-10-2020 21:16 via uk.finance.yahoo.com
  
  With the presidential election fast approaching, the White House is preparing a $1.8 trillion economic rescue plan to try to coax congressional Democrats into an agreement, according to media reports Friday.
  
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• Targeted furlough scheme lacks clarity and has come too late for some workers, chancellor told

  09-10-2020 21:16 via uk.finance.yahoo.com
  
  Businesses welcome additional help through local lockdowns but delay has caused job losses already
  
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• Nightclubs fear latest Government support will not stave off collapse

  09-10-2020 21:01 via uk.finance.yahoo.com
  
  The UK's nightspots have been closed since late March.
  
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• HSBC criticised for net-zero emissions plan that fails to commit to ending fossil fuel finance

  09-10-2020 21:01 via uk.finance.yahoo.com
  
  Europe’s second-largest financier of fossil fuels lays out plan to go green; but campaigners aren’t convinced
  
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• The Crown hearings: how did it all go so spectacularly wrong for James Packer?

  09-10-2020 21:00 via uk.finance.yahoo.com
  
  The Crown hearings: how did it all go so spectacularly wrong for James Packer?The subdued and ill-at-ease billionaire now faces relinquishing any involvement in Crown Resorts, the business he built
  
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• Discarded: the Australian women over 50 left to languish in poverty

  09-10-2020 21:00 via uk.finance.yahoo.com
  
  Discarded: the Australian women over 50 left to languish in povertyIncreasing numbers of older women are being locked out of the workforce and left struggling to survive on jobseeker
  
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• Covid-19: UK workers to get 67% of pay if firms told to shut

  09-10-2020 20:23 via bbc.co.uk
  
  The chancellor says his Job Support Scheme "expansion" comes ahead of "what may be a difficult winter".
  
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• Firms say fresh wage subsidy may 'cushion blow'

  09-10-2020 20:22 via bbc.co.uk
  
  Business groups welcome a new plan to pay two-thirds of wages when firms are forced to close.
  
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• Coronavirus hospital numbers in England same as on eve of lockdown

  09-10-2020 20:20
  Deputy chief medical officer describes situation as ‘critical’ and divide between infections in north and south grows
  
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• Market report: Wall St bounces on renewed hopes of virus stimulus package

  09-10-2020 20:11 via uk.finance.yahoo.com
  
  Renewed hopes for a US relief package buoyed markets today, putting Wall Street on track for its best weekly performance since July. The S&P; 500 and Nasdaq Composite both bounced after markets opened on Friday, following claims that Donald Trump had approved a stimulus package. Earlier in the week, he had suggested any further Covid support package would need to wait until after the presidential election, but in recent days, Mr Trump has reportedly become concerned at the stock market react
  
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• Airbus ramps up deliveries in September, seen targeting 500 jets in 2020

  09-10-2020 20:04 via uk.finance.yahoo.com
  
  Airbusreached the highest number of monthly deliveries of passenger planes so far this year in September, but logged no new sales as crisis-hit airlines continue to bleed cash.The European planemaker delivered 57 jets in September, up from 39 in August, bringingnine-month deliveries to 341, down 40% from the same period of 2019, company data showed on Friday.The drop matches a 40% output fall triggered by the coronavirus crisis, with Airbus deciding last month to maintain the new rates unchanged
  
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• Britain is heading ‘into a long winter’ as Covid second wave strikes

  09-10-2020 20:03
  The resurgence of the virus in northern England poses political problems for Boris Johnson
  
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• White House to propose $1.8 trillion stimulus plan: reports

  09-10-2020 19:33 via uk.finance.yahoo.com
  
  With the presidential election fast approaching, the White House is preparing a $1.8 trillion economic rescue plan to try to coax congressional Democrats into an agreement, according to media reports Friday.
  
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• Sir Philip Green refusal to enter Ashley talks ‘had role in BHS demise’

  09-10-2020 19:18 via uk.finance.yahoo.com
  
  Sir Philip Green’s refusal to “entertain” the sale of now-defunct BHS to rival Mike Ashley played a part in its demise, a jury was told. A last-ditch effort was made to rescue BHS when the Sports Direct tycoon expressed interest in buying it in a “late night meeting”. “Sir Philip Green wouldn’t entertain the notion of selling to a competitor and refused to engage, and ultimately BHS collapsed in chaos. Chaos for him, chaos for all those who worked there
  
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• Cineworld staff on zero-hours contracts 'held hostage' by management

  09-10-2020 19:18 via uk.finance.yahoo.com
  
  Cineworld staff on zero-hours contracts 'held hostage' by management. Move to keep staff on despite company mothballing cinemas means staff cannot claim redundancy
  
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• Lord Ashburton obituary

  09-10-2020 18:58 via uk.finance.yahoo.com
  
  Lord Ashburton obituaryBanker who guided Barings through the City big bang and served as a calming chairman of BP
  
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• French court rules Veolia must consult unions on Suez stake

  09-10-2020 18:57 via uk.finance.yahoo.com
  
  A French court ruled on Friday that unions must be consulted on the sale of gas utility Engie's 29.9% stake in waste and water group Suez to larger rival Veolia before it can proceed.The Suez works council, in which the company's main unions are represented, last month filed a lawsuit aimed at suspending Veolia's bid.Under French law, works councils must be consulted about major changes such as a corporate takeover.
  
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• This FTSE 100 share has crashed 15% in a month. Would I buy, sell, or hold today?

  09-10-2020 18:55 via uk.finance.yahoo.com
  
  Shares in this former FTSE 100 giant have collapsed by almost a sixth in 30 days. What's go on? And would I get out today or hold on?
  
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• Norway oil strike ends as union, companies agree wage deal

  09-10-2020 18:55 via uk.finance.yahoo.com
  
  Norwegian oil firms have struck a wage bargain with labour union officials, ending a strike that had threatened to cut the country's oil and gas output by close to 25% next week, negotiators for each side told Reuters on Friday.Six offshore fields shut on Monday and a further seven had been scheduled to follow in the coming days, with the oil and gas outage set to grow to 966,000 barrels of oil equivalent (boed) by Oct. 14, the industry had said.
  
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• Goldman Sachs offers US staff free coronavirus tests

  09-10-2020 18:45 via uk.finance.yahoo.com
  
  Goldman Sachs has begun offering its US-based bankers free coronavirus tests and antibody tests in a bid to encourage staff back into the office. In a memo sent on Friday the bank told employees that it had "engaged vendor partners to offer off-site Covid-19 tests to eligible people in the US at no cost". These included tests to diagnose active infection as well as antibody ones that could make some staff more comfortable about commuting. The programme, which is only free to those who plan to go
  
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• Rafael Nadal through to French Open final

  09-10-2020 18:42 via ibtimes.co.uk
  
  Nadal defeated Diego Schwartzman in straight sets in the semi-final.
  
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• Chancellor announces new wage support for businesses forced to close

  09-10-2020 18:41 via uk.finance.yahoo.com
  
  Mayors from the north of England said the measures appeared not to go 'far enough' to prevent genuine hardship and job losses.
  
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• Asteroid is like a cream-filled chocolate egg flying through space, Nasa spacecraft shows as it prepares to bring samples back to Earth

  09-10-2020 18:38 via uk.finance.yahoo.com
  
  The inside of Asteroid Bennu could be less dense than its outer layers – like a chocolate egg filled with cream, Nasa’s OSIRIS-Rex spacecraft has shown.It is thought to have been formed from the collision of a much larger object, and its cratered and chunky surface suggest that it has continued to have an eventful time as it has made its way through the solar system.Nasa’s spacecraft and its engineers are preparing for a daring “touch-and-go” mission in which it wil
  
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• Bank of England tightens COVID corporate lending rules

  09-10-2020 18:35 via uk.finance.yahoo.com
  
  The Bank of England said on Friday that it was tightening lending rules on a 20 billion pound programme for large companies which had investment-grade credit ratings before the COVID pandemic.The Covid Corporate Financing Facility (CCFF), launched in March, bought sterling commercial paper - a form of short-term debt - from companies which had top-notch credit quality before the crisis but faced trouble raising money during a period of market turbulence six months ago.The CCFF will close in Marc
  
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• HSBC bank aims for zero carbon on investments by 2050

  09-10-2020 18:30 via uk.finance.yahoo.com
  
  Asia-focused bank HSBC announced Friday that it aims to achieve net-zero carbon emissions across its investments by 2050, but campaigners accused it of falling short on tackling climate change.
  
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• FTSE 100 lifts on Chancellor’s latest financial support package

  09-10-2020 18:27 via uk.finance.yahoo.com
  
  London’s top flight closed 38.62 points higher at 6,016.65 at the end of trading on Friday.
  
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• Here are two UK small-cap stocks I’d buy right now

  09-10-2020 18:24 via uk.finance.yahoo.com
  
  Uk small-cap stocks can offer great returns but are often very risky. I think these two shares are worth a buy because they have become less risky, but still have great potential.
  
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• Senate leader says US stimulus deal unlikely before election

  09-10-2020 18:19 via uk.finance.yahoo.com
  
  Congress is unlikely to agree on a new stimulus package before the US election due to "vast" differences over how much to spend, Senate Majority Leader Mitch McConnell said Friday.
  
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• IMF chief sees $345 billion financing gap for African states

  09-10-2020 18:15 via uk.finance.yahoo.com
  
  African states need $1.2 trillion in financing through 2023 to grapple with the COVID-19 pandemic and its economic impact, International Monetary Fund Managing Director Kristalina Georgieva said on Friday.The IMF chief said the region faced a financing gap ofaround $345 billion through 2023, with commitments from official bilateral lenders and international institutions covering less than a quarter of the projected needs and private capital still subdued.Warning that the pandemic would not end a
  
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• PS5 may 'exhibit errors or unexpected behaviour' when playing PlayStation 4 games, Sony warns

  09-10-2020 18:13 via uk.finance.yahoo.com
  
  Some games will perform better than they do on the older console, however
  
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• New furlough scheme may not be enough, say north of England firms

  09-10-2020 18:13 via uk.finance.yahoo.com
  
  New furlough scheme may not be enough, say north of England firmsCovid measures are designed to help businesses forced to close their doors over the winter* Coronavirus – latest updates* See all our coronavirus coverage
  
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• GDP data shows UK recovery fading

  09-10-2020 18:09 via uk.finance.yahoo.com
  
  Yahoo Finance's Tom Belger has the latest from London.
  
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