Financial news

• US bans larger electronic devices on some flights from Middle East

  20-03-2017 21:13 via theguardian.com
  
  New TSA requirement blocks passengers from bringing laptops, iPads, Kindles and cameras, with a lack of specifics on whether flight crews are included in ruleExperts criticize US electronic devices ban on some flights from Middle East
  US authorities have secretly required airlines from eight nations to forbid passengers from carrying any electronic or electrical device larger than a cellphone. The new edict was distributed in an email described as “confidential” from the US transport
  
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• Trump must convert surging US confidence into real growth | Mohamed El-Erian

  20-03-2017 21:09 via theguardian.com
  
  The exuberant market reaction to his win has not been translated into progress – he must work with Congress to deliverFinancial markets seem convinced that the recent surge in business and consumer confidence in the US economy will soon be reflected in “hard” data, such as GDP growth, business investment, consumption, and wages. But economists and policymakers are not so sure. Whether their doubts are vindicated will matter for both the US and the world economy.Donald Trump&rsq
  
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• NHS trust triples injury payout to £9.3m under controversial new rules

  20-03-2017 20:18 via theguardian.com
  
  Compensation for 10-year-old girl left with cerebral palsy will cause shockwaves in health service and insurance companiesThe first case settled under controversial new compensation rules for serious injuries has seen an NHS trust forced to nearly triple its payout to a 10-year-old girl left with cerebral palsy from £3.8m to £9.3m.The case, involving East Lancashire Hospitals NHS trust, will send fresh shockwaves through the NHS and insurance companies, which have been braced for big
  
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• YouTube is like the wild west – why won't Google pay to clean it up?

  20-03-2017 19:58 via theguardian.com
  
  The tech giant has apologised for ads appearing next to extremist videos – but it needs to take action, not just rely on usersThe first rule of making an apology is simple: be clear about what you are apologising for. Matt Brittin, head of Google’s operations in Europe, failed the test. Was Google taking responsibility for allowing the company’s YouTube site to be polluted with extremist videos produced by terror preachers and racists? Or was he merely apologising to advertiser
  
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• Hard Brexit 'could increase cost of making a car in UK by £2,400'

  20-03-2017 19:34 via theguardian.com
  
  Some carmakers would be forced to move production overseas if Britain falls back on WTO rules, report findsThe cost of assembling a car in Britain could increase by £2,370 in the event of a “hard Brexit”, forcing some manufacturers to look at moving production out of the country, a report has found.The increase in costs – equivalent to more than 10% per vehicle – would hit the average UK-built car if Britain falls back on World Trade Organisation rules after leaving
  
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• The Global Laundromat: where the money went – video explainer

  20-03-2017 19:00 via theguardian.com
  
  Exclusive: A global money-laundering scheme enabled criminals to funnel at least $20bn out of Russia and into offshore funds, British property, private school fees and even rock music tours. UK banks such as HSBC, RBS and Coutts processed $738m in the ‘Laundromat’ scheme, which is now being reviewed by the National Crime AgencyBecome a Guardian supporter or make a one-off contribution Continue reading...
  
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• Three UK's mobile customers experience new data breach

  20-03-2017 18:42 via theguardian.com
  
  Customers logging into their accounts see other customers’ data usage and call history in ‘shocking breach of data privacy’The mobile phone company Three has experienced a fresh data breach after some customers logging into their accounts were presented with the names, addresses, phone numbers and call histories of strangers.Three said it was investigating a technical issue with its systems and urged those affected to contact its customer service department. Continue reading...
  
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• Scottish entrepreneurs: do you support holding a second referendum?

  20-03-2017 15:17 via theguardian.com
  
  As tensions heighten between Nicola Sturgeon and Theresa May over the SNP’s plans to hold a second independence referendum, tell us what you thinkScotland’s first minister Nicola Sturgeon has announced her intention to hold a second independence referendum in Scotland by spring 2019, at the latest. Prime minister Theresa May has so far rejected that request. The Federation of Small Businesses in Scotland conducted a poll among 440 of its members in May 2016 showing that more than hal
  
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• Utopian thinking: to ‘take back control’ of England, we must find out who owns it | Guy Shrubsole

  20-03-2017 09:00
  
  Secrecy surrounds much of the country’s land ownership. It’s time for the Land Registry database to be completed and opened up to all“The ownership of land,” wrote the 19th-century radical economist Henry George, “is the great fundamental fact which ultimately determines the social, the political and … the moral condition of a people.” Related: The Land Registry is the guardian of our most basic national resource | Peter HetheringtonContinue reading...
  
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• Residential care costs 'can soak up over 50% of property values'

  20-03-2017 08:01
  
  Study finds the cost of a typical residential care home stay around the UK to range from 18% to 56% of average house valuesThe cost of an average stay in a residential care home can swallow up more than half the value of an individual’s house in some parts of the country, according to new research. The findings, which show that the typical person entering residential care will face a total bill of £50,000-£93,000 depending on where they live, will fuel the debate about social c
  
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• Innocent co-founder: 'everyone told us it wouldn't work'

  20-03-2017 08:00 via theguardian.com
  
  Richard Reed on selling his smoothie brand to Coke, struggling to find investment and his worst moment in businessIt was borne out of friendship. My two best friends [Adam Balon and Jon Wright] at university and I used to organise club nights together, which gave us a sense of how much fun it would be to work together. After we left university, we keep talking about setting up a business. It was years before we got to smoothies, an idea borne out of a hangover. We were on a snowboarding weekend
  
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• How can I leave my job in ad-land and use my skills to do good?

  20-03-2017 08:00
  
  I enjoy working at my large agency but despair at selling people rubbish when I could be making their lives better Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights.I’m a strategic planning director at a large advertising agency, with 10-plus years’ experience, primarily in global
  
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• Expedia may say ‘no’ when it really means ‘yes’

  20-03-2017 08:00
  
  I thought my booking had failed until £1,670 was taken from my account In January I tried to book a £1,600 holiday using Expedia. When I came to pay, the screen jumped back to the home page. This happened a couple of times. I was not given a booking confirmation number, as is usual, nor did I receive an email to confirm. Next morning I decided to book with Opodo, as I had still not received an email to confirm my booking/itinerary from Expedia. A few days later I realised that £
  
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• PM backs plans to overhaul workers' rights to reflect gig ecomomy

  20-03-2017 01:25
  
  Matthew Taylor, who is leading employment practices review, says he expects Theresa May to support changes to rights of self-employed workersTheresa May backs plans for an overhaul of workers’ rights to reflect 21st-century employment practices, according to the chair of Downing Street’s review into modern work.Matthew Taylor, a former adviser to Tony Blair who was appointed by the prime minister to lead the review into the gig economy, said he would be recommending changes to the ri
  
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