Financial news

• Davos 2018: Donald Trump, Theresa May and George Soros at WEF - as it happened

  25-01-2018 22:24 via theguardian.com
  Rolling coverage of the third day of the World Economic Forum, as Donald Trump meets Theresa May, and George Soros hosts a dinnerLatest: George Soros speaking at DavosDonald Trump is dining with European business leadersNEWSFLASH: Trump and May ask officials to ‘finalise’ details of a visitTrump arrives, speaks of ‘peace and prosperity’Trump: Switzerland is a great country.Theresa May challenges social media companies 9.23pm GMT A late PS, from the Associated Press’
  
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• Davos 2018: Soros accuses Trump of aiming for a 'mafia state' - live updates

  25-01-2018 20:49 via theguardian.com
  Rolling coverage of the third day of the World Economic Forum, including Donald Trump’s arrival and Theresa May’s speechLatest: Donald Trump is dining with European business leadersNEWSFLASH: Trump and May ask officials to ‘finalise’ details of a visitTrump arrives, speaks of ‘peace and prosperity’Trump: Switzerland is a great country.Theresa May challenges social media companies 7.48pm GMT Soros says that the survival of our whole civilisation is at stake, du
  
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• Ministers should listen to employers on apprenticeships | Nils Pratley

  25-01-2018 20:42 via theguardian.com
  The UK government should heed calls for a rethink as the levy-based approach isn’t workingWhat’s gone wrong with the government’s levy-backed approach to boosting apprenticeships? Nothing, according to Anne Milton, apprenticeships and skills minister. “The last year has been a period of significant change, it will take time for employers to adjust,” she said, putting a heroically optimistic spin on another set of alarming figures.Thursday’s data, covering the
  
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• Bitcoin won't last in world of finance, warns Nobel-winning economist

  25-01-2018 20:41 via theguardian.com
  Davos speakers round on cryptocurrency as Robert Shiller calls it a clever idea that won’t become a permanent feature of finance Nobel Prize-winning economist Robert Shiller has warned that bitcoin will not be a “permanent feature” of the financial world, as politicians indicated that a clampdown on cryptocurrencies is coming. Speaking at the World Economic Forum in Davos on Thursday, Shiller hailed bitcoin as a “really clever idea”. But while he’s impressed w
  
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• Canadian arm of UK construction giant Carillion files for creditor protection - Financial Post

  25-01-2018 20:06
  Canadian arm of UK construction giant Carillion files for creditor protection
  Financial Post
  TORONTO — The Canadian branch of insolvent British construction giant and state contractor Carillion PLC says it has been granted protection from creditors under the Companies' Creditors Arrangement Act by an Ontario court. In a statement on its ...en meer »
  
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• Asos 'try before you buy' brings bumper Christmas sales

  25-01-2018 19:15 via theguardian.com
  Letting buyers pay only for items they keep proves hit with young shoppers as sales rise to £300mThe online fashion firm Asos has reported bumper Christmas sales as customers used its “try before you buy” service to turn their bedrooms into changing rooms. The retailer’s UK sales climbed 23% to break through £300m in the last four months of 2017 as its legion of young shoppers headed to the site for party outfits and gifts.Continue reading...
  
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• Blow to fracking firms as UK insists on financial checks | Business ... - The Guardian

  25-01-2018 19:11
  The Guardian
  Blow to fracking firms as UK insists on financial checks | Business ...
  The Guardian
  Companies need to prove they can bear clean-up costs as business secretary tightens consent rules.
  Business Secretary orders financial checks before fracking go ...Belfast Telegraph
  Britain to tighten financial checks on fracking firmsLondon South East (blog)alle 22 nieuwsartikelen »
  
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• Blow to fracking firms as UK insists on financial checks

  25-01-2018 19:10 via theguardian.com
  Companies seeking exploration rights need to prove they can bear clean-up costs as business secretary tightens consent rulesFracking companies must undergo financial health checks if they want to win a green light for their operations, the business secretary has said, as the industry faces another barrier to exploration in the UK. The decision comes after a Barclays-backed company hoping to be the first to frack in the UK for seven years suffered a blow when the business secretary, Greg Clark, s
  
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• Paradise Papers: Davos panel calls for global corporate tax reform

  25-01-2018 19:01 via theguardian.com
  Oxfam International director says tax avoidance keeps people in poverty around the worldGlobal cooperation is needed to reform the international corporation tax system in the aftermath of the Paradise Papers, panelists at a World Economic Forum debate on tax avoidance have said.Winnie Byanyima, the executive director of Oxfam International, said international tax avoidance was an affront to human rights. “It’s about people who don’t have access to the services they need to lift
  
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• Despair and anger at the Presidents Clubbers | Letters

  25-01-2018 19:00
  Readers respond to the alleged groping and harassment of women at the Presidents Club charity auction“Elite men-only club shuts amid furore over groping scandal” (25 January). Rich, undoubtedly; but “elite”, definitely not. By using that word in your headline, you are pandering to the egos that drive the behaviours of many of those men who attended the Presidents Club. Those who behaved in the ways described are weak, needy, inadequate men. Those who saw the behaviou
  
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• Ghost of general election holds back Theresa May at Davos

  25-01-2018 18:03 via theguardian.com
  Prime minister’s lack of domestic authority hinders appeal to global business leadersAn hour before Theresa May took to the stage in Davos, Philip Hammond stood up to speak to the British business leaders lunch, an annual fixture at the World Economic Forum. Related: Davos 2018: UK and US 'finalising details' of Trump visit to Britain this year - live updatesContinue reading...
  
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• The Maybot meets the pussy-grabbing stable genius in Davos | John Crace

  25-01-2018 18:02 via theguardian.com
  It was the Donald who did most of the talking, leaving Theresa looking like an awkward botStraight after lunch is the graveyard slot in Davos. Dead time between a cheese fondue and the excitement of Donald Trump’s arrival, when the world’s political and business leaders – along with a healthy smattering of tax exiles and hangers on – get to catch up on a few zeds. So who better to fill it than the British prime minister? Someone with the unique ability to put even hyperac
  
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• MPs call for police to investigate Presidents Club scandal

  25-01-2018 18:02 via theguardian.com
  Scotland Yard asked to find out if sexual harassment and pimping occurred at men-only event MPs have asked police to investigate if crimes were committed at the men-only Presidents Club dinner, attended by billionaires, politicians and businessmen, at which hired hostesses were allegedly groped and sexually harassed.At least three MPs are writing to the Metropolitan police following reports that women believed to be sex workers were present at an after-party attended by some of the guests. Conti
  
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• MPs call for police investigation into Presidents Club scandal

  25-01-2018 18:02 via theguardian.com
  Letter asks Scotland Yard to investigate whether sexual harassment and pimping occurred at men-only event MPs have asked police to investigate whether crimes were committed at the men-only Presidents Club dinner, attended by billionaires, politicians and businessmen, at which hired hostesses were allegedly groped and sexually harassed.At least three MPs are writing to the Metropolitan police following reports that women believed to be sex workers were present at an after-party attended by some o
  
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• Fall in apprenticeships may force 'radical rethink' of UK policy

  25-01-2018 16:01 via theguardian.com
  Take-up declines by 27% as critics say levy on scheme is deterring employersThe government is under renewed pressure to implement a “radical rethink” of apprenticeships after a near 27% fall in the number taking up trainee posts in the last quarter of 2017.The number starting apprenticeships dropped to 114,000 between August and October, down from 155,700 in the same period in 2016. That followed a 59% drop in the previous three months after the introduction of the apprenticeship lev
  
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• Sky News no longer critical to broadcaster, says chief executive

  25-01-2018 15:33 via theguardian.com
  Jeremy Darroch casts doubt on future of service, which could halt Murdoch takeover of SkyThe chief executive of Sky has cast further doubt on the future of Sky News, saying the service is no longer critical to the pay-TV broadcaster.The future of Sky News potentially hangs in the balance after the UK regulator said on Tuesday that Rupert Murdoch’s ownership of the news service could block his £11.7bn bid for Sky because it would give him too much control over UK news media.Continue r
  
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• Jamie Oliver and Wetherspoons caught up in meat recall

  25-01-2018 15:33 via theguardian.com
  Supplier to restaurant chains and schools fails hygiene inspection and is ordered to recall meatJamie Oliver’s Italian restaurant chain is among companies caught up in a meat recall that led Wetherspoon pubs to pull steak from the menu on its weekly steak night.Meat products supplied by Russell Hume have been suspended from leaving the company’s sites across the country after Food Standards Agency inspectors found “serious non-compliance with food hygiene regulations” dur
  
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• Venice restaurant that hit tourists with £1,000 bill faces £17,000 fines

  25-01-2018 14:23
  Official checks find Osteria da Luca breached safety and food description rules, reports sayA restaurant in Venice that charged a group of Japanese tourists €1,143 (£994) for four steaks Florentine, a plate of mixed grilled fish, two glasses of wine and mineral water faces fines totalling at least €20,000 (£17,400), according to local media.The La Nuova Venezia newspaper said police and local authority checks carried out at the Osteria da Luca near St Mark’s Square un
  
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• Customers urged not to switch supply after Future Energy collapse

  25-01-2018 13:11
  10,000 households will still receive gas and electricity as Ofgem searches for new supplierThe 10,000 customers of Future Energy are being urged not to switch their energy company after the small supplier went bust, amid fears that other players may collapse as energy prices rise.The closure of Future Energy follows warnings by the boss of Co-Op Energy that volatility in wholesale prices could cause more suppliers to cease trading. Continue reading...
  
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• Communities offered £1m a year to host nuclear waste dump

  25-01-2018 12:57 via theguardian.com
  New search for communities willing to host underground site for thousands of yearsLocal communities around England, Wales and Northern Ireland will be offered £1m a year to volunteer to host an underground nuclear waste disposal facility for thousands of years, as part of a rebooted government programme.
  The financial incentive is one way the government hopes to encourage communities to host the £12bn facility, after previous efforts failed in 2013 when Cumbria county council rejecte
  
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• Seven in 10 UK workers are 'chronically broke', study finds

  25-01-2018 12:35
  Economic insecurity is ‘new normal’, with only 30% saying they live comfortablyEconomic insecurity has become the “new normal” in the UK with at least 70% of the UK’s working population “chronically broke”, according to a study by the thinktank the Royal Society of Arts.Thriving, striving or just about surviving, the RSA/Populus survey of more than 2,000 workers, found that while about 30% of respondents said they lived comfortably, 40% said their financ
  
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• Sky takes on Netflix and Amazon with cheaper streaming

  25-01-2018 09:03 via theguardian.com
  Low-cost, plug-in stick and new download service a response to new rivalsSky is taking the fight to rivals Netflix and Amazon Video with the launch of a low-cost plug-in stick that will provide access to its films, television shows and live sport such as Premier League matches on any TV set.It is launching a smart stick for its Now TV streaming service, the broadcaster’s response to the rise of US streaming services such as Netflix, that works in the same way as Amazon’s Fire TV stic
  
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• Amazon Prime: how did I become an ‘accidental’ member?

  25-01-2018 08:00
  I ordered one book but my account was debited with £7.99 in each of the subsequent four monthsI bought a £7.99 book from Amazon and later noticed that my account had been debited with £7.99 in each of the subsequent four months. I assumed this was an error and placed a block on future payments, but have so far been unable to find a way of securing a refund. SL, Banstead, SurreyIt looks as though you are one of the many who inadvertently signed up to Amazon Prime, a £79-a-
  
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• Cryptocurrency £70billion collapse blamed on ONE man as FURIOUS traders demand boycott

  25-01-2018 05:05 via feedproxy.google.com
  CRYPTOCURRENCY took a massive £70billion price dive after a single decision taken by a computer programmer in the US, it has been claimed by an influential exchange chief.
  
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• Bitcoin DEFEATED: Investors SHOCKED at least TWO cryptocurrencies 'thought to be safer'

  25-01-2018 02:49 via feedproxy.google.com
  BITCOIN has received a ratings grade which has shockingly been outperformed by lesser-known altcoins in the first cryptocurrency review delivered by top financial institution, Weiss Ratings.
  
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