Financial news

• EU’s looming financial crisis: Desperate ECB demands harsh penalties on eurozone countries

  02-08-2017 18:15 via feedproxy.google.com
  THE European Central Bank has called for greater punishments on those eurozone countries that fail to implement much need monetary reforms in a bid to ward off a looming financial crisis in the currency
  
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• Britain, let go of your miles and switch to kilometres | Letters

  02-08-2017 18:15 via theguardian.com
  Drivers from other European countries struggle to make sense of UK speed limits, writes Alison HackettWhether electric or petrol, diesel or gas, the units for measuring speed have modernised across the world (Letters, 31 July). Could this be the time for Britain to embrace change and start measuring your miles in kilometres? This would make things so much easier for the Irish, Germans, French, Italians, Spanish, Dutch, Swedish, Danish, Polish, Norwegians etc who love to visit your country in the
  
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• How to get bitcoin cash? Find out how to get your hands on BCH tokens

  02-08-2017 17:03 via feedproxy.google.com
  BITCOIN CASH is the newest cryptocurrency on the market after the bitcoin blockchain forked yesterday. Here is a simple guide on how you can get your hands on the new BCH tokens.
  
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• Interest rates expected to stay at 0.25 per cent despite economists calling for rise

  02-08-2017 16:49 via feedproxy.google.com
  THE Bank of England is expected to keep interest rates unchanged on Thursday after lacklustre economic growth and easing inflation has dampened speculation over a hike.
  
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• Bitcoin v bitcoin cash price charts: Bitcoin cash on the rise

  02-08-2017 15:37 via feedproxy.google.com
  THESE PRICE charts show how bitcoin cash has exploded onto the market after the world’s biggest cryptocurrency forked yesterday. Here is a price comparison of the two rival cryptocurrencies.
  
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• Safeway returns: Morrisons strikes deal with McColl’s to revive supermarket chain

  02-08-2017 15:32 via feedproxy.google.com
  MORRISONS has struck a wholesale supply deal with McColl’s which will see its relaunched Safeway food and grocery products go on sale at its 1,650 convenience shops and newsagents nationwide.
  
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• Asda posts worst annual figures since Walmart takeover

  02-08-2017 15:21 via theguardian.com
  Supermarket is worst performer of ‘big four’ grocers as fierce competition pulls underlying sales for the year down 5.7%Asda has posted its worst annual figures since being taken over by the American grocer Walmart, as fierce competition in the UK supermarket sector took its toll.Britain’s third biggest supermarket chain admitted performance was “behind expectations” after pre-tax profit for 2016 fell 19% to £791.7m.Continue reading...
  
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• Merkel faces a RUDE AWAKENING: Deutsche Bank issues staggering warning on GERMAN economy

  02-08-2017 14:34 via feedproxy.google.com
  GERMANY'S economy is at risk of overheating and burning out as deceptive indicators mask worrying threats, the country's biggest lender has warned.
  
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• Are you a woman in your 60s affected by changes in retirement age?

  02-08-2017 13:53 via theguardian.com
  Women aged between 60 and 62 are an average of £32 a week worse off due to changes in the state pension age. We’d like to find out how this affects you Women in their early 60s have lost an average of £32 a week from changes in the retirement age, the Institute for Fiscal Studies (IFS) reported today.The increase in the age that women can receive their state pension has lowered the income of more than a million women, according to the IFS study, while the government has saved &
  
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• UK banking sector looks brighter, says Moody's - Financial News (subscription)

  02-08-2017 13:30
  Financial News (subscription)
  UK banking sector looks brighter, says Moody's
  Financial News (subscription)
  Moody's Investors Service has upgraded its outlook for the UK banking industry, citing institutions' ability to cope with the tougher operating environment coming their way. The ratings agency had downgraded the sector's outlook from stable to negative ...en meer »
  
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• Populist trade policies won’t protect jobs anywhere in the world | Kenneth Rogoff

  02-08-2017 13:14 via theguardian.com
  Countries that close themselves off to foreign competition eventually lose their edge, with innovation, jobs and growth sufferingAs US and European political leaders fret about the future of quality jobs, they would do well to look at the far bigger problems faced by developing Asia – problems that threaten to place massive downward pressure on global wages. In India, where per capita income is roughly a tenth that of the US, more than 10 million people a year are leaving the countryside a
  
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• EXCLUSIVE: UK Power Networks to launch online financial education programme - Employee Benefits

  02-08-2017 12:51
  Employee Benefits
  EXCLUSIVE: UK Power Networks to launch online financial education programme
  Employee Benefits
  EXCLUSIVE: Electricity supply organisation UK Power Networks to launch an online financial education programme for its 5,700 UK-based employees. The new programme, provided by Nudge, will be introduced to staff in August 2017 as part of the ...
  
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• Hard Brexit Adds to UK Financial Industry Woes with Job Losses Likely - Finance Magnates

  02-08-2017 12:26
  Finance Magnates
  Hard Brexit Adds to UK Financial Industry Woes with Job Losses Likely
  Finance Magnates
  Reports estimate loss of around 40,000 banking jobs as banks look to leave the UK to find a new home. Colin Firth | Regulation (Institutional FX) | Wednesday, 02/08/2017|12:23 GMT. Hard Brexit Adds to UK Financial Industry Woes with Job Losses Likely.
  UK sets out new powers to impose sanctions after BrexitFinancial Expressalle 337 nieuwsartikelen »
  
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• Ikea launches solar panel battery storage that could slash electricity bills by HUNDREDS

  02-08-2017 12:25 via feedproxy.google.com
  HOMEWARE giant Ikea has launched solar panel battery that could save homeowners hundreds of pounds a year on electricity bills - but cost thousands of pounds upfront.
  
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• Brexit Transition Period Crucial to Protect London as Financial ... - Insurance Journal

  02-08-2017 12:07
  Brexit Transition Period Crucial to Protect London as Financial ...
  Insurance Journal
  Transitional arrangements after leaving the European Union in 2019 will be crucial for protecting the economy and the City of London's global role in finan.en meer »
  
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• Revelations about empty homes in Grenfell area 'simply unacceptable'

  02-08-2017 11:22 via theguardian.com
  Labour condemns large number of empty homes in Kensington and Chelsea after Guardian revealed there were 1,652 vacant propertiesLabour has condemned as “simply unacceptable” revelations that 1,652 properties are unoccupied in the London borough where the Grenfell Tower fire took place, calling for government action to bring them back into use.
  The Liberal Democrats are also demanding increased surcharges on long-term empty homes, following a report in the Guardian about the owners of
  
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• BA passengers at Gatwick and Heathrow hit by check-in delays

  02-08-2017 10:20 via theguardian.com
  Disruption comes two months after more than 670 flights cancelled due to power failure over spring bank holiday weekendBritish Airways travellers faced delays at Heathrow and Gatwick on Wednesday after a temporary check-in problem.The disruption came about two months after more than 670 flights were cancelled due to a power failure over the spring bank holiday weekend. Continue reading...
  
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• A million women £32 a week worse off thanks to pension age changes

  02-08-2017 08:01 via theguardian.com
  IFS says increased UK state pension age is lifting earnings from employment but only partially offsetting reduced incomes from other benefitsMore than a million women are worse off by an average of £32 a week under changes to the state pension age and poor households are being hit the hardest, according to analysis by a leading independent thinktank.The Institute for Fiscal Studies (IFS) also highlighted a significant boost to the public finances from the government’s move to lift th
  
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• Is it fair to blame Coca-Cola and big corporations for our waste crisis?

  02-08-2017 08:00 via theguardian.com
  Some global corporations are trying to address the environmental impact of throwaway culture, but campaigners say they remain part of the problemWhen John Sauven, executive director at Greenpeace UK, heard a woman complain on the radio that supermarket croissants were cheaper to buy wrapped in plastic than paper, he was so startled he went straight to his local Co-op “It was true,” Sauven said at a recent Guardian roundtable discussion on the future of waste. “If I bought two c
  
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• Homes for hikers and walkers – in pictures

  02-08-2017 08:00 via theguardian.com
  Why take the train to the countryside? Here, you can see where you’ll be rambling from the bedroom window Continue reading...
  
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• Guardian journalist Olivia Solon gets microchipped – video

  02-08-2017 08:00 via theguardian.com
  Andy the piercer initiates Guardian journalist Olivia Solon in Three Square Market’s microchipping program, inserting a tiny chip the size of a grain of rice between her thumb and forefinger. The program is entirely voluntary, but more than 50 of the company’s 80 staff have already signed up. The chip allows staff to make contactless, cashless payments at special vending machines on site. Continue reading...
  
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• Are entrepreneurs born or made?

  02-08-2017 08:00 via theguardian.com
  Entrepreneurs are perceived to be creative, impulsive and risk-takers. But do you need a certain personality to succeed?Starting a business and becoming an entrepreneur is a dream that millions of people share. But what type of person do you have to be? Moreover, if you’re an investor, are some people better risks than others? Related: How to be resilient: 'self-awareness is fundamental'Continue reading...
  
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• A six-bedroom Venetian apartment – in pictures

  02-08-2017 08:00 via theguardian.com
  Set in a palazzo on one of Venice’s grandest squares, this sprawling £8m home features 18th century frescoes – but apparently requires a little updating Continue reading...
  
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• First Choice compensation for holiday horror was the last thing on its mind

  02-08-2017 07:59 via theguardian.com
  It promised £1,000 but seems uninterested in sending it outIn January four of us were booked on a week’s holiday at the Rubicon Palace in Lanzarote. Four days before departure I received an email from the travel operator, First Choice, informing me there was upgrade work at the hotel and assuring me that this would not affect our stay. When we arrived, however, parts of the complex resembled a construction site. One of our party was a builder who said that in Britain nobody would be
  
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• Nigeria: NNPC's UK Subsidiary in Belated Financial Statement ... - AllAfrica.com

  02-08-2017 07:30
  Nigeria: NNPC's UK Subsidiary in Belated Financial Statement ...
  AllAfrica.com
  In a belated financial statement, Duke Oil Services (United Kingdom) Limited, an offshore subsidiary of the Nigerian National Petroleum Corporation, NNPC, ...en meer »
  
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• UK economy is about to surge back to life, says leading forecaster

  02-08-2017 01:01 via theguardian.com
  Economic thinktank NIESR predicts boom in exports and higher wages will lead to GDP growth of nearly 2% and interest rate rise Britain’s economy will surge back to life in the next six months following its slow start this year, a leading forecaster has predicted, prompting the Bank of England to raise interest rates next spring – more than a year earlier than its previous projection.The National Institute of Economic and Social Research (NIESR) said a boom in exports after the fall i
  
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• Germany’s SECOND biggest bank Commerzbank posts unexpected massive loss

  02-08-2017 01:01 via feedproxy.google.com
  GERMANY’S second biggest bank Commerzbank is facing an uncertain future after posting massive losses of more than €400 million today.
  
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