Business news

• Apple's rare earth recycling steps up environmental response

  13-10-2020 23:33 via uk.finance.yahoo.com
  
  Apple said Tuesday its newest iPhones would be produced using recycled rare earth materials, as part of a stepped up environmental initiative which also has geopolitical implications.
  
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• iPhone 12: Apple hopes 5G, magnets and not smashing when it's dropped can win people round to new phone

  13-10-2020 23:31 via uk.finance.yahoo.com
  
  Apple has revealed the iPhone 12, in four various versions, with the hope that it can once again convince people to upgrade their expensive hardware.It is an unusually broad year for iPhones: four models come in three different sizes, representing both the smallest model of recent years and the biggest display ever found in an iPhone.The new iPhones come in a range of different colours and finishes, and with magnetic accessories intended to personalise them yet more.
  
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• Global economy's recovery hinges on stimulus, virus battle, officials say

  13-10-2020 23:12 via uk.finance.yahoo.com
  
  Global finance leaders on Tuesday said the world economy had escaped a coronavirus-triggered collapse so far, but warned that failure to conquer the pandemic, maintain stimulus and tackle mounting debt among poor nations could crush a fragile recovery.At the start of the annual meetings of the International Monetary Fund and World Bank, the IMF issued slightly improved growth forecasts spurred by unexpectedly stronger rebounds from coronavirus lockdowns in the wealthiest countries and China."The
  
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• L'Oreal set to name deputy CEO Hieronimus as new chief - Le Figaro

  13-10-2020 23:08 via uk.finance.yahoo.com
  
  The appointment will be decided at a board meeting on Wednesday afternoon at the company's headquarters in Clichy, France, Le Figaro said without citing sources.Hieronimus, 56, who has spent his entire career at the maker of Garnier shampoo and Lancome creams, has been widely expected to take over as chief after being groomed as Agon's successor and second-in-command.The Frenchman, who joined L'Oreal in 1987 as a product manager, has worked his way up through various divisions, including profess
  
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• Exclusive: FDA faults quality control at Lilly plant making Trump-touted COVID drug

  13-10-2020 23:02 via uk.finance.yahoo.com
  
  The Lilly antibody therapy, which is experimental and not yet approved by regulators as safe and effective, is similar to a drug from Regeneron Pharmaceuticalsthat was given to the president during his bout with COVID-19.Trump, who credits the Regeneron drug with speeding his recovery, has called for both therapies to become available immediately on an emergency basis, raising expectations among some scientists and policy experts that the administration will imminently release an Emergency Use A
  
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• iPhone 12 and 12 Pro release dates: When you will be able to order Apple’s new phones

  13-10-2020 22:56 via uk.finance.yahoo.com
  
  Apple has revealed four versions of its new iPhone 12, running from the tiny Mini to the very large and premium Pro Max.The iPhone 12 Mini will start at $699 while the iPhone 12 Pro will start at $999, with an upgrade to the larger version of each costing $100.It is the unusual sized versions of the phones that will be delayed, Apple said during the event, with the standard versions of each coming relatively soon.
  
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• Facebook greatest source of Covid-19 disinformation, journalists say

  13-10-2020 22:53 via uk.finance.yahoo.com
  
  Facebook greatest source of Covid-19 disinformation, journalists sayInternational survey nominates social media giant as worst offender, ahead of elected officials
  
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• Ikea to buy back used furniture in recycling push

  13-10-2020 22:47 via bbc.co.uk
  
  World's biggest furniture firm to resell second-hand Ikea items in bid to be 'climate positive'.
  
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• MagSafe: iPhone 12 and 12 Pro has new accessory technology, Apple reveals

  13-10-2020 22:45 via uk.finance.yahoo.com
  
  Apple has revealed new MagSafe technology as part of the iPhone 12 reveal.The accessory technology is made up of a ring of magnets in the back of the phone that can be used to attach things to it, or to attach it to other things.When it is used with Apple’s charger, the phone will be able to charge twice as quickly as the normal Qi charging standard.
  
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• A look at Apple's 5G iPhone lineup

  13-10-2020 22:26 via uk.finance.yahoo.com
  
  Apple's four new iPhones announced Tuesday will be 5G capable of connecting to the fast new wireless networks which are being upgraded worldwide.
  
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• The iPhone gets 5G: Why is it important?

  13-10-2020 22:17 via uk.finance.yahoo.com
  
  The iPhone 12 range will be the first Apple phones to carry the mobile technology.
  
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• iPhone 12 vs Samsung Galaxy S20: the latest smartphone features, specs and cameras compared

  13-10-2020 22:16 via uk.finance.yahoo.com
  
  Now we know what the latest iPhone looks like, we can ask how it compares with its market rival: the Samsung Galaxy S20. Apple's virtual iPhone launch - the first of its kind thanks to Covid-19 restrictions - was filled with technical terms and phrases like "Lidar", "Ultra-Wide Band" and "nano ceramic crystals". It announced a £699 iPhone 12 mini, one of four 5G-enabled phones unveiled by the tech giant and the most affordable flagship-series phone the company has announced in several year
  
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• New, cheap Beats 'Flex' earphones launched after iPhone event as Apple announces it will stop providing them free

  13-10-2020 22:06 via uk.finance.yahoo.com
  
  The cheaper headphones come after parent company Apple said it would stop providing earphones in the box of its new iPhones.The move would help reduce its environmental impact, Apple said, noting that many users still have old earphones or have made the move to wireless listening.Apple made no connection between the iPhones and the new Beats earphones, but noted that they are Beats’s cheapest ever product and that it had technology that would allow it to easily connect to its other product
  
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• Engagement with misinformation on Facebook has tripled since the 2016 election - and became even worse in 2020

  13-10-2020 22:06 via uk.finance.yahoo.com
  
  Only ten websites are responsible for 62 per cent of interactions with fake content.
  
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• Fewer movies in theaters? Big Media turns focus to streaming video

  13-10-2020 22:03 via uk.finance.yahoo.com
  
  On Monday, Disney said it had restructured its media and entertainment businesses to accelerate growth of Disney+ and other streaming services as consumers increasingly gravitate to digital viewing.Disney is facing pressure from activist investor Daniel Loeb, founder of hedge fund Third Point, to increase funding to Disney+ and the rest of its streaming businesses.
  
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• Apple event: Four versions of iPhone 12, 5G, MagSafe charging and HomePod Mini – everything announced during ‘Hi, Speed’ release video

  13-10-2020 21:32 via uk.finance.yahoo.com
  
  Apple has wrapped up its “Hi, Speed” event, showing off a fleet of new iPhones alongside a smart speaker and a range of other advances.This year will see the launch of the first ever 5G iPhones, the biggest display ever found in an iPhone, and the smallest model released in years.Here’s everything announced during the live-streamed event from Apple Park.
  
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• Johnson gambles by splitting from his scientists

  13-10-2020 21:26
  PM’s rejection of experts’ call for tough lockdown risks accusation he has acted too slowly on coronavirus
  
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• Apple joins 5G revolution with four new iPhones for fast networks

  13-10-2020 21:15 via uk.finance.yahoo.com
  
  Apple joined the move to 5G on Tuesday, unveiling four new iPhones which use the new standard in what could be a turning point for the high-speed wireless technology.
  
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• iPhone 12 Pro: Apple looks to the future with experimental technology

  13-10-2020 21:05 via uk.finance.yahoo.com
  
  As a rule, Apple doesn’t talk about its future plans. Chief executive Tim Cook dodges questions about the company’s upcoming products and new iPhones are closely guarded until they’re revealed to the world. But Tuesday’s reveal of the iPhone 12 was a signal of Apple’s future and gave analysts a clear idea of the technologies which Apple sees as crucial to the iPhone. The most obvious technological leap in the new iPhones was adding 5G connectivity across all of the
  
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• Eli Lilly pauses trial of antibody drug Trump touted as COVID-19 'cure' over safety concern

  13-10-2020 21:04 via uk.finance.yahoo.com
  
  Trump touted the Lilly drug, along with the antibody treatment from Regeneron Pharmaceuticals Incthat he received for his COVID-19, as virtual "cures" in a video he posted last week.The announcement comes one day after Johnson & Johnsonsaid it was forced to pause a large high-profile trial of its experimental coronavirus vaccine because a volunteer fell ill.J&J said it does not yet know if that person was given the vaccine or a placebo.
  
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• Small investors pile in to crowdfunder to mine lithium in Cornwall

  13-10-2020 21:03 via uk.finance.yahoo.com
  
  Small investors pile in to crowdfunder to mine lithium in CornwallEx Investec banker raises additional £4m to tap ‘globally significant’ reserves of metal used in electric car batteries
  
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• Apple declares ‘new era’ as it unveils four 5G-powered iPhone 12 devices

  13-10-2020 20:55 via uk.finance.yahoo.com
  
  Tim Cook said the new phones were the start of a "new generation" of iPhone products.
  
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• Apple unveils new 5G iPhone 12 line in multiple sizes

  13-10-2020 20:50 via uk.finance.yahoo.com
  
  Apple unveils new 5G iPhone 12 line in multiple sizesNew designs and cameras revealed alongside smaller HomePod smart speaker
  
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• Boohoo ditches another Leicester supplier ‘in light of’ BBC probe

  13-10-2020 20:44
  Retailer ends contract with garment producer linked to network linked to money laundering
  
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• Apple event - as it happened: Four new 5G iPhones unveiled, as well as cheapest ever HomePod

  13-10-2020 20:42 via uk.finance.yahoo.com
  
  Apple has unveiled four new 5G iPhones, together with other new and updated devices.The new iPhone 12 mini, iPhone 12, iPhone 12 Pro and iPhone 12 Pro Max come with a complete redesign and a range of new colours.Apple also unveiled a the HomePod Mini, a new $99 smart speaker.
  
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• Air of crisis around Rolls-Royce appears to be fading

  13-10-2020 20:37 via uk.finance.yahoo.com
  
  Air of crisis around Rolls-Royce appears to be fadingTroubled engine maker pressed the fundraising button just in time but others may find it hard to follow suit
  
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• Delta reports hefty loss as Covid-19 clouds outlook

  13-10-2020 20:30 via uk.finance.yahoo.com
  
  Despite aggressive cost-cutting moves, Delta Air Lines reported a hefty loss Tuesday and said the timing of a full industry recovery remained clouded by the coronavirus pandemic.
  
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• UniCredit picks former Treasury chief Padoan as chairman

  13-10-2020 20:26 via uk.finance.yahoo.com
  
  Italian bank UniCrediton Tuesday said it had named economist Pier Carlo Padoan as director and would appoint the former Treasury chief as chairman when it renews the board next spring.The choice of Padoan, 70, a parliamentarian for the ruling centre-left PD party, comes as consolidation sweeps through Europe's battered banking sector, piling pressure on CEO Jean Pierre Mustier to drop his "no M&A" mantra.As economy minister in the governments of former PD leader Matteo Renzi and his successo
  
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• iPhone 12 and 12 Pro release dates: When you will actually be able to order Apple’s new phones

  13-10-2020 20:24 via uk.finance.yahoo.com
  
  Apple has revealed four versions of its new iPhone 12, running from the tiny Mini to the very large and premium Pro Max.The iPhone 12 Mini will start at $699 while the iPhone 12 Pro will start at $999, with an upgrade to the larger version of each costing $100.It is the unusual sized versions of the phones that will be delayed, Apple said during the event, with the standard versions of each coming relatively soon.
  
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• iPhone 12: Apple makes jump to 5G

  13-10-2020 20:19 via bbc.co.uk
  
  Analysts say the new iPhone line-up could trigger a "super-cycle" of consumer upgrades.
  
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• ‘Hard yards’ ahead for UK economy as second coronavirus wave hits, Bank of England governor warns

  13-10-2020 20:18 via uk.finance.yahoo.com
  
  ‘Things have become even more stark’ in last two months, says Andrew Bailey
  
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• Apple event - live: Four new 5G iPhones unveiled, as well as cheapest ever HomePod

  13-10-2020 20:18 via uk.finance.yahoo.com
  
  Apple has unveiled four new 5G iPhones, together with other new and updated devices.The new iPhone 12 mini, iPhone 12, iPhone 12 Pro and iPhone 12 Pro Max come with a complete redesign and a range of new colours.Apple also unveiled a the HomePod Mini, a new $99 smart speaker.
  
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• Apple to stop including charger and headphones with iPhones in bid to cut carbon emissions

  13-10-2020 20:00 via uk.finance.yahoo.com
  
  Apple customers will have to pay extra for a charging adapter and headphones when buying the new iPhone as the company will no longer provide them in the box, it confirmed during a virtual event showing off its latest line of devices. The new phones, beginning at £699, will come with a Lightning-to-USB C-cable. A compatible adapter bought directly from Apple will cost £29.95, and the EarPods and additional £29. Apple claimed it was removing the accessories because it believed m
  
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• Apple unveils first iPhones with 5G wireless

  13-10-2020 19:58 via uk.finance.yahoo.com
  
  Apple announced Tuesday it was launching new iPhones using 5G, the latest smartphone maker to adapt to the new-generation, high-speed wireless networks.
  
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• iPhone 12 Pro: Apple reveals new, premium handset

  13-10-2020 19:53 via uk.finance.yahoo.com
  
  Apple has revealed the iPhone 12 Pro, the premium version of its new handsets.In addition to the features found on the normal iPhone 12, the Pro models comes in a range of more expensive finishes.Together with the two versions of the cheaper handset, and the two sizes of Pro, Apple unveiled four new handsets during its “Hi, Speed” event, more than ever before.
  
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• Germany urges rapid progress in UK-EU talks as it warns of no-deal damage

  13-10-2020 19:46
  Minister airs concerns over economic impact and says time is at risk of ‘running away from us’
  
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• Germany says time is ‘running away’ as it warns of damage of no-deal

  13-10-2020 19:46
  Minister said there had been no real progress of substance during the latest talks with UK
  
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• Citigroup's Corbat faces tense analyst questions as he approaches exit

  13-10-2020 19:37 via uk.finance.yahoo.com
  
  In unusually direct exchanges, analysts pressed Chief Executive Mike Corbat to explain what management is doing to fix technical and operational problems that have plagued Citigroup for years and led the bank to erroneously send $900 million of its own funds to Revlon creditors in August.Last month, Citigroup announced that Corbat would retire earlier than expected, to be replaced in February by Jane Fraser."Where is the sense of urgency?" Wells Fargo analyst Mike Mayo asked Corbat.
  
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• Citigroup profit hit by consumer bank woes; warns of more pain

  13-10-2020 19:37 via uk.finance.yahoo.com
  
  The bank, which will have Wall Street's first woman CEO, Jane Fraser, at its helm early next year after long-time Chief Executive Michael Corbat retires, faces a series of challenges as a coronavirus-induced recession grips American households.Citi's shares fell over 4% in early trade as management on a conference call indicated that the third-largest U.S. lender was bracing for prolonged pain, a view that contrasted with JPMorgan Chase Inc'smore upbeat views on loan losses.With the recession cr
  
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• iPhone 12: Apple reveals new handset with overhauled design

  13-10-2020 19:30 via uk.finance.yahoo.com
  
  Apple has revealed the iPhone 12, a new handset with the first full redesign in years.It will be the first of Apple’s phones to include 5G, which chief executive Tim Cook claimed would represent a step change in the way the phone works.As well as bringing a new look, that allows Apple to put antennas down the side to improve its 5G performance, Apple said.
  
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• Bailey warns scourge of long-term unemployment threatens workers

  13-10-2020 19:29 via uk.finance.yahoo.com
  
  Andrew Bailey has said that swathes of workers could be condemned to long-term unemployment after figures showed that coronavirus restrictions have triggered a surge in job losses. The Bank of England Governor warned that Britain's economy is going through a profound change as short-term fixes to stop the coronavirus threaten to become permanent, snuffing out businesses and destroying jobs. He was speaking after unemployment hit its highest level for more than three years as the impact of the Co
  
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• iPhone 5G: Apple announces first ever handset with new network technology

  13-10-2020 19:20 via uk.finance.yahoo.com
  
  Apple has announced 5G iPhones, the first time it has ever integrated the new network technology.Proponents claim the 5G technology will be both far quicker and more reliable than the existing 4G technology.Tim Cook, Apple’s chief executive, insisted that the company had worked with network carriers to ensure that the network technology would actually work as promised.
  
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• HomePod Mini: Apple launches smaller, cheaper version of its Siri-powered smart speaker

  13-10-2020 19:14 via uk.finance.yahoo.com
  
  Apple has launched the HomePod Mini, a smaller and cheaper version of its Siri-powered speaker.It follows the HomePod, which was first announced in 2017.Now HomePod Mini puts some of that same technology into a more compact and rounded design, which Apple insisted still has the same high-quality audio hardware.
  
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• EU eying carbon border fees plan for steel, cement and power - senior official

  13-10-2020 19:08 via uk.finance.yahoo.com
  
  The European Union's plan to impose carbon border fees on polluting imported goods would initially apply to steel, cement and electricity, but could expand to more sectors later, a senior official said on Tuesday.As part of its aim to cut EU greenhouse gas emissions to net zero by 2050, the European Commission is drafting plans to levy the fees on goods coming into the 27-country bloc.The policy, which the Commission will propose next summer, aims to protect EU industry from being undercut by ch
  
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• Airlines and airports in fresh aid package plea

  13-10-2020 19:03 via bbc.co.uk
  
  The industry wants current quarantine arrangements to be replaced with a new testing regime.
  
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• UK economy to slump 9.8% this year on virus: IMF

  13-10-2020 19:02 via uk.finance.yahoo.com
  
  The International Monetary Fund on Tuesday forecast that the recession-wracked British economy will shrink by almost ten percent this year on coronavirus fallout.
  
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• Facebook's Zuckerberg adds $100 mn for election administrators

  13-10-2020 19:02 via uk.finance.yahoo.com
  
  Facebook founder Mark Zuckerberg said Tuesday he and his wife are donating an additional $100 million to help local election administrators, while brushing aside accusations of partisan motives.
  
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• 2 high-yielding investment trusts I’d buy now

  13-10-2020 18:58 via uk.finance.yahoo.com
  
  Investment trusts are a great option for regular income seekers. Ben Watson examines two offerings currently yielding over 5%.
  The post 2 high-yielding investment trusts I’d buy now appeared first on The Motley Fool UK.
  
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• No jet orders, more 737 MAX cancellations for Boeing as crises drag on

  13-10-2020 18:49 via uk.finance.yahoo.com
  
  Boeing Colost another three orders for its grounded 737 MAX jetliner in September, and delivered 11 total aircraft to customers, less than half the number from the same month a year ago, company data showed on Tuesday.The closely watched monthly snapshot also shows that quality flaws on the 787 Dreamliner continue to hamper efforts to develop an alternative cash cow to the 737 MAX, grounded after two fatal crashes in 2018 and 2019.As Boeing works to win regulatory approval, potentially early nex
  
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• EU gets $4bn bargaining chip in US trade row

  13-10-2020 18:48 via bbc.co.uk
  
  The World Trade Organization authorises the EU to hit up to $4bn in US goods with tariffs.
  
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