Financial news

• Tory MP condemns universal basic income 'on moral grounds'

  28-12-2017 20:19
  Stumping up for workers made redundant by robots is ‘dangerous nonsense’, says former minister Nick Boles in new bookInfluential Tory former minister Nick Boles has condemned the idea of a universal basic income to cushion workers against the rise of robots as “dangerous nonsense”. Continue reading...
  
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• Can Facebook win its battle against election interference in 2018?

  28-12-2017 20:00 via theguardian.com
  Claims of Russian meddling dominated 2017. The US midterm elections will be first big test of Facebook’s effort to stamp it outSocial networks spent much of 2017 slowly coming to terms with the extent to which their platforms had been exploited to spread political misinformation. But the narrow focus of investigations over the last year is likely to cause further pain in 2018, as the US midterm elections create a new urgency for the problem to be solved.At the beginning of this year, Faceb
  
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• FTSE 100 hits record high; Bitcoin falls as South Korea announces crackdown - as it happened

  28-12-2017 18:28 via theguardian.com
  All the day’s economic and financial news, as South Korea pledges new regulations on cryptocurrency tradingLatest: FTSE 100 creeps higherSouth Korea bans anonymous cryptocurrency accounts
  Regulators could close virtual coin exchanges
  Money-launderers to face ‘maximum sentences’Analyst: Regulators fear a crashBitcoin sheds $1,000, as it drops back to $14,000 5.27pm GMT The FTSE 100 may have hit a new closing peak, supported by rising commodity prices, but it was a more mixed pic
  
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• Pensions warning: Student loans cutting into graduates savings

  28-12-2017 17:29 via feedproxy.google.com
  PENSION savings will be smaller for graduates by tens of thousands of pounds due to the substantial student loan repayments, it has emerged.
  
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• Bitcoin price WATCH LIVE: Cryptocurrency slumps after CHAOTIC Christmas – LIVE ANALYSIS

  28-12-2017 16:54 via feedproxy.google.com
  BITCOIN PRICE declines again despite small a surge after the Christmas holidays. Watch live value analysis amid warnings of a growing bubble.
  
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• Government to crack down on rogue landlords in bid to end ‘beds in sheds’ culture

  28-12-2017 16:47 via feedproxy.google.com
  THE Government is to launch a crack down on rogue landlords who let out dangerous, dirty and substandard accommodation.
  
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• Bitcoin price WARNING: Expert warns of 'WILD' cryptocurrency – 'no one can control it'

  28-12-2017 16:27 via feedproxy.google.com
  BITCOIN is a “wild mania no one can control” and dangerous for investors, according to Massachusetts Secretary of the Commonwealth William Galvin.
  
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• Government to tell rogue landlords: 'shape up or ship out'

  28-12-2017 16:20
  Councils to be given powers to clamp down on unscrupulous landlords, including tougher rules on bedroom sizes A package of measures to crack down on rogue landlords, including a tougher licensing regime for house shares and a minimum size for bedrooms, has been announced by the government.Alok Sharma, the housing minister, said “far too many” tenants were being exploited by unscrupulous landlords, who would now have to “shape up or ship out”.Continue reading...
  
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• Brexit Britain: Salaries increase as economic output rises

  28-12-2017 15:53 via feedproxy.google.com
  ADVERTISED salaries have increased in the past year as new figures also reveal economic output is on the rise.
  
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• Which big names in business are 2018’s ones to watch?

  28-12-2017 14:05 via theguardian.com
  Can Nicky Morgan avoid a ‘no deal’ Brexit? Can Michael O’Leary keep Ryanair aloft? And will Jeff Bezos stay the world’s richest man? From the head of Europe’s biggest short-haul airline to an heir to the Murdoch empire, here are 10 well-known business figures expected to hit the headlines next year, for good or ill.Michael O’LearyContinue reading...
  
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• Apple's Tim Cook paid $102m this year including bonuses worth $98m

  28-12-2017 14:05
  Maker of iPhone publishes the pay of its top earners in a regulatory filing, but its chief designer, Jony Ive, is not includedApple’s chief executive, Tim Cook, was paid $102m (£76m) this year after collecting a huge share bonus linked to the iPhone maker’s stock market performance.Cook was paid a basic salary of $3.06m, a cash bonus of $9.3m (up from $5.4m last year), and collected share awards worth $89m taking his total 2017 payout to $102m, Apple disclosed in a regulatory f
  
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• Homes with a fascinating history – in pictures

  28-12-2017 14:03
  Soak up the atmosphere of times past in these properties with links to smugglers, judges and presidents among others Continue reading...
  
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• Brexit Britain enjoys fastest business growth since 2015

  28-12-2017 13:34 via feedproxy.google.com
  BREXIT Britain is experiencing its fastest business growth since 2015, it has emerged.
  
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• Bitcoin DOWN: South Korea crackdown hits cryptocurrency price

  28-12-2017 12:57 via feedproxy.google.com
  BITCOIN prices have taken a hit as South Korea launches a fresh crackdown on cryptocurrency trading.
  
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• Pound V euro: Sharp rise in UK sectoral output supports GBP exchange rate

  28-12-2017 12:54 via feedproxy.google.com
  THE pound is today holding steady against the euro after a report from the Confederation of British industry has claimed a sharp rise in UK output.
  
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• Pound v US dollar: GBP exchange rate surges as US bond yields slide

  28-12-2017 11:38 via feedproxy.google.com
  THE pound US dollar exchange rate climbed to a new two-week high this morning following a dip in US ten-year bond yields.
  
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• Pensions warning: Fury as workers' savings exposed to 'feeding frenzy'

  28-12-2017 11:26 via feedproxy.google.com
  THE pension pots of 8,000 Tata Steel workers could be decimated amid a row surrounding their savings schemes.
  
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• Bitcoin price WARNING: Expert MOCKS cryptocurrency – You can't buy McDonald's with bitcoin

  28-12-2017 10:00 via feedproxy.google.com
  BITCOIN is more of a “speculative vehicle” than a real currency able to survive in the traditional trading world, according to Ira Epstein, Director at Linn & Associates.
  
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• BITCOIN price LIVE: Bitcoin's Christmas price crash begins anew with $1,000 plunge

  28-12-2017 08:51 via feedproxy.google.com
  BITCOIN'S chaotic Christmas is set to continue with the price jumping up and down as fears linger that the bubble is set to burst.
  
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• POUND LIVE: Sterling comes out fighting as US and Australia talk trade

  28-12-2017 08:27 via feedproxy.google.com
  THE POUND has rallied against the Euro and Dollar after trading on FTSE 100 firms closed at a fresh record high on its first trading day after the Christmas break.
  
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• The year in business: bitcoin boom, Brexit countdown and Uber trouble

  28-12-2017 08:00 via theguardian.com
  From fears of City exodus to first interest rate rise in a decade, here’s a recap of the key events of 2017It will be remembered as the year Theresa May triggered article 50 and began the official countdown to Britain’s departure from the European Union. It was also the year of two budgets, one general election and the first UK interest rate rise in a decade. The year was littered with resignations, gaffes, boardroom bust-ups and takeovers, and if you had about $15,000 (£11,200
  
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• Halifax’s incompetence has left me with a poor credit rating for months

  28-12-2017 08:00
  A system error at the bank means my card applications were recorded as ‘hard searches’ on my credit historyI applied online for a credit card with Halifax, which failed because of a “system error”. Halifax said it was a temporary fault and I should wait a few days and reapply. I did so a few weeks later. This was also rejected. Soon after, I found both applications were listed as “hard searches” and had affected my credit score. It turned out my first applicat
  
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• Electric passenger jet revolution looms as E-Fan X project takes off

  28-12-2017 08:00 via theguardian.com
  Battery-powered air taxis and bigger hybrid planes poised to change aviationTrains, ships and automobiles have all been swept along in recent years by the electric power revolution – and planes are next.Passenger jets are poised for an electric makeover that could fundamentally change the economics and environmental outlook of the aviation industry. Up until now the fact that the necessary batteries weigh two tonnes each has limited the switch from fossil fuels to a totally electric-powere
  
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• UK economy boosted by wage growth and rising output, two surveys say

  28-12-2017 01:01 via theguardian.com
  Adzuna study reports modest rise in average salary for job vacancies while CBI survey shows growth in economic outputThe British economy has received a double boost from reports showing signs of modest wage growth and accelerating output from businesses. According to a study by the jobs search engine Adzuna, the average salary for vacancies advertised online in November was 1.2% higher than the same month a year before – the first annual increase recorded by the website since June 2015. Me
  
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• Donald Trump US tax reforms 'set to BOOST oil giant Shell'

  28-12-2017 01:01 via feedproxy.google.com
  OIL GIANT Royal Dutch Shell has said US President Donald Trump’s US tax reforms are set to boost the group and its American business.
  
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• Co-op showing a big thirst for micro-brews

  28-12-2017 01:01 via feedproxy.google.com
  THE CO-OP is increasing the number of supplies from smaller breweries, with the prospect of seeing them tap into sales of about five million pints.
  
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