Financial news

• Beleaguered UK Premier Appears Willing to Remove Foreign Minister - Financial Tribune

  08-10-2017 22:33
  Financial Tribune
  Beleaguered UK Premier Appears Willing to Remove Foreign Minister
  Financial Tribune
  B ritish Prime Minister Theresa May has signaled that she could sack Foreign Secretary Boris Johnson, a Sunday newspaper said, as she tries to reassert her authority after a series of political disasters. The Sunday Times said it asked May about her ...en meer »
  
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• Socialism with a spine: the only 21st century alternative | John Quiggin

  08-10-2017 21:14 via theguardian.com
  Soft neoliberalism has exhausted its appeal. The best progressive alternative is an explicit embrace of socialismSocialism is back, much to the chagrin of those who declared it dead and buried at the “end of history” in the 1990s. When the New Republic, long the house organ of American neoliberalism, runs an article on The Socialism America Needs Now, it’s clear that something has fundamentally changed.The soft neoliberalism represented by Tony Blair, Bill Clinton and Paul Keat
  
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• Deliveroo battles with councils over pop-up takeaway food kitchens

  08-10-2017 20:24 via theguardian.com
  Chefs in temporary buildings make meals for restaurants such as MEATLiquor and Busaba Eathai which go out for deliveryDeliveroo is facing battles with local authorities over its use of kitchens on car parks and industrial estates in which chefs are making takeaway food for hip restaurants such as MEATLiquor, Busaba Eathai and Notting Hill’s Cocotte.In a skirmish that illustrates the tensions caused by the gig economy, the Deliveroo kitchen “pods” are coming under fire as counci
  
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• Brexit uncertainty cools foreign interest in UK buyouts

  08-10-2017 19:59 via theguardian.com
  Value of foreign purchases of British-owned businesses in first nine months of year was lowest since 2010, study showsForeign firms have put the brakes on buying British rivals this year in response to Brexit uncertainty, despite the lure of snapping up businesses that have tumbled in value after a slump in the pound.A study of UK buyouts and merger deals involving foreign firms showed that the value of purchases of British-owned businesses fell in the first nine months of the year to its lowest
  
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• UK trade department draws half its secondees from arms industry

  08-10-2017 19:16 via theguardian.com
  Department run by former defence secretary Liam Fox accused of being ‘shamelessly cosy’ with manufacturersHalf of the private sector employees seconded to the Department for International Trade have strong links to the defence industry, according to new figures.The revelation has drawn accusations that Liam Fox’s department, which promotes Britain’s commercial exports, is “shamelessly cosy” with arms traders and ignoring other industries. Continue reading...
  
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• Donald Trump's Scottish golf resorts suffer heavy losses

  08-10-2017 17:04 via theguardian.com
  US president had to plough £1.3m into debt-ridden Aberdeenshire resort as oil price crash hit its popularityDonald Trump’s loans to his golf resorts in Scotland have increased to more than £150m after their losses last year accelerated, partly because of the oil price crash and currency costs.The latest accounts for his network of Scottish companies show he had to plough another £1.3m into his debt-ridden resort in Aberdeenshire to keep it afloat after the North Sea crisi
  
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• Black Monday: Is another stock market crash likely, 30 years later?

  08-10-2017 17:02 via feedproxy.google.com
  BLACK MONDAY, the largest ever one day crash in the history of the stock market, shook the world exactly 30 years ago this month.
  
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• Remember that ‘Winter is Coming’ so prepare for hard times, says GEOFF HO

  08-10-2017 16:47 via feedproxy.google.com
  FANS of the hit TV show Game Of Thrones know that the Stark clan’s motto “Winter Is Coming” is a warning to prepare for hard times.
  
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• Pound coin deadline 2017 – Five minute guide

  08-10-2017 16:18 via feedproxy.google.com
  GET READY to bid a final farewell to a reliable old friend, the round £1 coin in your pocket.
  
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• 'We want sauce': police called over McDonald's Rick and Morty promotion

  08-10-2017 15:44 via theguardian.com
  The failure to provide enough special edition Szechuan dipping sauce has led to chaotic scenes at fast food outlets across AmericaA McDonald’s public relations stunt has ended in chaos and acrimony after the fast food chain promised fans of the TV show Rick and Morty a limited edition, long out of production Szechuan dipping sauce and then swiftly ran out.
  Police were called to at least one outlet after people in queues for the sauce began getting angry and chanting “we want sauce&rd
  
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• Monarch: Air fares set to soar after airline's collapse

  08-10-2017 15:01 via feedproxy.google.com
  MONARCH Airlines’ collapse has left passengers with the prospect of paying nearly 20 per cent more on key routes like Ibiza, data from Skyscanner.net shows.
  
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• Brexit is the ‘mother of invention', say SMEs

  08-10-2017 15:01 via feedproxy.google.com
  Almost half of small businesses believe that Brexit will give them the chance to grow and capture market share, according to Hitachi Capital Business Finance.
  
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• The UK housing market's perfect storm, and five steps to avoid it | Larry Elliott

  08-10-2017 13:29 via theguardian.com
  With ownership plummeting, rents unaffordable and homelessness on the rise, action is needed to stave off a crashBritain’s housing market is dysfunctional. The rate of home ownership is plummeting, and the average age at which people become owner-occupiers is rising. In London and other property hotspots, the rents are unaffordable for those working at the sharp end of the service sector. Homelessness is on the up.William Beveridge identified housing as a postwar challenge for Britain back
  
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• Warnings grow louder over cryptocurrency as valuations soar

  08-10-2017 13:00 via theguardian.com
  With bitcoin and Ethereum gathering momentum among investors, some experts fear a bubble could soon burstJoe Kennedy, patriarch of the Kennedy clan, said he knew it was time to exit the stock market after a shoeshine boy gave him stock tips. If everyone thinks it’s time to buy, it’s time to sell, reasoned Kennedy. Then came the great crash of 1929 to prove him right. Perhaps some of that thinking could be applied today to the digital currency bonanza. In recent months, warning voices
  
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• NSW moves to crack down on ticket scalping

  08-10-2017 09:27 via theguardian.com
  Consumer group Choice welcomes the step but says reseller Viagogo could remain untouched because it is based overseasProposed ticket-scalping reforms in New South Wales will help stamp out price gouging in the live entertainment industry, the state government says.The provisions would stop anyone reselling a ticket to a NSW event for more than the original sale price and cap transaction costs at 10%, the minister for better regulation, Matthew Kean, said in a statement on Sunday. Continue readin
  
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• IMF warnings on economy will fall on deaf ears among world leaders

  08-10-2017 08:12 via theguardian.com
  The IMF is seen as a hand-wringing liberal institution making nuanced and technical suggestions in an age of broad-brush solutionsChristine Lagarde, boss of the International Monetary Fund, is expected to deliver a hard-hitting speech at the organisation’s annual meeting this week, urging world leaders to push ahead with reforms to turn the current global economic recovery into something more sustainable.Lagarde, who is now in her second four-year term as managing director of the Washingto
  
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• Paying too much in council tax? It’s never been easier to check

  08-10-2017 08:00 via theguardian.com
  It takes minutes to check your property’s tax banding and a successful challenge could lower your bill and earn you a rebateThe tech whiz-kid Joshua Browder shot to fame two years ago with DoNotPay, an online “robot lawyer” designed to fight unfair parking tickets. It has gone on to successfully challenge more than 450,000 tickets – and now it’s time for local authority council tax departments to watch out. That’s because Browder, 20, has now created an online
  
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• Don’t count on our independent Bank to stop Brexit disaster | William Keegan

  08-10-2017 08:00 via theguardian.com
  It’s had control of monetary policy for 20 years but, if the government persists with leaving the EU, governor Mark Carney only has the power to limit the inevitable damage this will do to our economyIn common with Sir John Major, Denis Healey, the Bank of England’s historian David Kynaston, and former governor (1983-93) Robin Leigh-Pemberton, I had great reservations about the granting of independence to the Bank.By independence – more precisely “operational independence
  
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• My £130 parcel from Uniqlo went missing and I can’t get an answer

  08-10-2017 07:59 via theguardian.com
  I’ve tried to contact them but can’t find a customer service phone number on the website and they don’t reply to my emailsIn September I ordered clothes costing nearly £130 from Uniqlo, intending to try some on and return any that didn’t fit. I was sent a tracking number for the parcel and told it would be delivered by Hermes. On the day it was supposed to arrive Hermes did not come to my house, yet a delivery attempt was recorded on its tracking information. Since
  
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• Flat pack to the future: how Ikea shaped our lives | Nell Frizzell

  08-10-2017 07:00 via theguardian.com
  Thirty years ago Ikea opened its first store in the UK. It’s had a huge impact on our homes – and us, says Nell FrizzellI have measured out my life in coffee spoons and mattresses, bath mats and bookcases, cushions and double duvets. These touchstones of my life may seem sporadic – the cooking pot I went off to university with, the first towel I bought (rather than stole from my mother), the rucksack I wore during my pregnancy, the changing table that will, I hope, one day serv
  
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• Cut your energy bills and save up to £290 by changing supplier

  08-10-2017 01:01 via feedproxy.google.com
  CONSUMERS are being urged to switch energy providers and save up to £290 on the average “Big Six” standard variable tariff, as people start to turn the heating on and winter approaches.
  
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• Electric cars key to driving change in UK’s energy supply industry

  08-10-2017 00:08 via theguardian.com
  The ability to make vehicle batteries part of the national grid will become reality next year, forcing utility firms to rethink their relationship with customersYou drive home and plug in your electric car, telling an app how many miles you need the next day. As you eat dinner, relax and sleep, your energy supplier takes control of your battery, using it to buy power when it’s cheap, selling it back later when high demand pushes prices up.The company offers national and local power grids s
  
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