Financial news

• Janet Yellen disappointed Trump did not propose second term as Fed chair

  04-02-2018 20:28 via theguardian.com
  ‘I made it clear that I would be willing to serve another term’Opinon: It’s looking like 1987 again for the US economyJanet Yellen said on Sunday she was disappointed that Donald Trump did not offer her a second term as chair of the Federal Reserve. But she also expressed support for her successor, Jerome Powell, who takes over on Monday.Related: Dow Jones suffers worst fall in two years amid fears of interest rate riseContinue reading...
  
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• Richard Desmond poised to seal £125m Express newspapers sale

  04-02-2018 18:01 via theguardian.com
  Billionaire close to agreeing sale of OK! and news titles after progress in pension talksBillionaire Richard Desmond is set to stop the presses on a 43-year publishing career with a £125m deal to sell his Express and Star newspapers and celebrity magazine OK! this week. Desmond has been in talks with Trinity Mirror, the publisher of the Labour-supporting Daily and Sunday Mirror titles, to offload his Brexit-backing titles since autumn.The talks, which collapsed three years ago over price,
  
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• Brexit will RUIN Germany as UK taxpayers stop funding EU coffers - say Germans

  04-02-2018 17:38 via feedproxy.google.com
  BREXIT is threatening EU funded projects in Germany as budgets could shrink after the UK stops budget contributions when it leaves the bloc in March 2019, it has been revealed.
  
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• Studio behind Star Wars and James Bond films considers new London site

  04-02-2018 17:17 via theguardian.com
  Pinewood is looking to buy 20 acres of land in Dagenham to meet extra demand for UK production facilitiesThe film studio behind the James Bond and Star Wars franchises has expressed interest in building a new site in east London, as the British film industry struggles to accommodate demand for TV and blockbuster shoots. Pinewood, a cornerstone of the UK’s film and TV production sector, is looking at a 20-acre site in Dagenham after the London mayor, Sadiq Khan, announced plans for a studio
  
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• CRYPTOCURRENCY NEWS: Ripple jubilant as major international bank adopts their platform

  04-02-2018 16:29 via feedproxy.google.com
  CRYPTOCURRENCY Ripple struck a new blow for Blockchain technologies today after The National Bank of Abu Dhabi announced it is to use the platform for payments.
  
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• Brexiteers TERRIFIED as it is revealed there is 'NO PLAN B' if UK cannot strike trade deal

  04-02-2018 15:40 via feedproxy.google.com
  BREXITEERS are terrified after it has been revealed there is no “Plan B” if the UK does not secure a free trade deal with the EU as it means negotiators cannot walk away from talks if they are given a terrible offer.
  
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• The cost of driving: How can we afford to stay on the road?

  04-02-2018 15:11 via feedproxy.google.com
  THE GOLDEN age of motoring ended years ago, brought to a crashing halt by jammed roads, traffic cameras, speed bumps, fixed-penalty notices, parking restrictions and road rage.
  
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• Think tank forecasting growth as consumer spending squeeze to ease

  04-02-2018 15:00 via feedproxy.google.com
  BRITAIN will enjoy better than expected growth in 2018 according to the EY ITEM Club, which has now upgraded its forecast from 1.4 per cent to 1.7 per cent.
  
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• Ofgem's energy regulation is too lax, says GEOFF HO

  04-02-2018 14:46 via feedproxy.google.com
  ENERGY regulator Ofgem talked a good game in the aftermath of GB Energy’s failure in November 2016, promising to impose stringent checks on the business plans and finances of other challenger providers.
  
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• Brexit spells DISASTER for German city after losing access to UK waters, trade and funding

  04-02-2018 14:32 via feedproxy.google.com
  BREXIT is making the German city of Bremen terrified of “red tape” as it relies so heavily on British exports, access to fishing waters and UK funding into the EU’s coffers, it has been revealed.
  
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• Even Star Wars can't boost Disney's profits

  04-02-2018 14:10 via feedproxy.google.com
  WALT Disney will unveil flat first-quarter profits on Tuesday according to Wall Street analysts, despite December’s release of the eighth instalment of the Star Wars saga.
  
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• Litecoin news: When does LitePay launch? Where will LitePay be accepted?

  04-02-2018 13:52 via feedproxy.google.com
  LITECOIN is poised to launch its exclusive transaction processor - LitePay - next week to consumers. But when does it launch and where will you be able to use the payment processor?
  
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• Carillion ex-director to 'spill the beans' on the construction giant's collapse

  04-02-2018 13:52 via feedproxy.google.com
  Former Carillion finance director Zafar Khan is expected to lift the lid on the problems at the construction and outsourcing giant, when he appears before the Parliamentary inquiry into its failure on Tuesday.
  
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• Deja vu? It's looking like 1987 again for the US economy

  04-02-2018 13:40 via theguardian.com
  Weak dollar, rising inflation, recession memories fading, new hand at the Fed … and meltdown?It is August 1987 and the US economy is humming along. Memories of the deep recession earlier in the decade are fading fast. Tom Wolfe is about to publish The Bonfire of the Vanities, which captures perfectly Wall Street’s greedy bullishness.The financial markets have Paul Volcker to thank for rising share prices. As chairman of America’s central bank, the Federal Reserve, Volcker had
  
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• ‘I’m 78 on an £18,000 income and live a very good life in London’

  04-02-2018 10:36
  An ex-council worker on how she makes her pension stretch to holidays, a car and theatre tripsIt always fascinates me when I talk to other retired people that they don’t seem to know what their income is. I always know exactly what my earnings and outgoings are and, because I’m of the generation that was taught to be canny with money, I make a little go a long way. £18,000 might not seem a lot given the expense of living in London, but I manage a very good life on it.The mortga
  
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• How Bill Gates aims to clean up the planet

  04-02-2018 10:00 via theguardian.com
  It’s a simple idea: strip CO2 from the air and use it to produce carbon-neutral fuel. But can it work on an industrial scale?It’s nothing much to look at, but the tangle of pipes, pumps, tanks, reactors, chimneys and ducts on a messy industrial estate outside the logging town of Squamish in western Canada could just provide the fix to stop the world tipping into runaway climate change and substitute dwindling supplies of conventional fuel.It could also make Harvard superstar physicis
  
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• Alex Gibney: ‘Every business Trump touched withered and died’

  04-02-2018 10:00 via theguardian.com
  The documentary-maker on his new Netflix series, Trump’s trail of slime and how tennis keeps him saneAlex Gibney was born in New York City in 1953 and educated at Yale and UCLA film school. He was 52 when he scored his first major success as a documentary film-maker with Enron: The Smartest Guys in the Room (2005). Three years later, he won a best documentary Oscar with Taxi to the Dark Side. Since then, he has been hugely productive, turning out films about political sex scandals (Client&
  
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• Ocado boss in spotlight after ducking questions about Presidents Club

  04-02-2018 08:00 via theguardian.com
  Tim Steiner will face questions about the online grocer’s technology arm this week – and, perhaps, some other mattersThe last we heard from Tim Steiner – the boss of online grocer Ocado – he was courageously slamming down the phone as reporters inquired whether he’d enjoyed a pleasant evening at the Presidents Club. Delightfully, just as the noise around the scandal of the charity dinner appears to be dissipating, the tycoon is being forced into the public eye, with
  
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• If governments will not punish VW’s shocking behaviour, consumers must

  04-02-2018 08:00 via theguardian.com
  The company is mired in scandals of pollution and animal cruelty. Does it deserve to be rewarded with electric car sales?It is hard to think how Volkswagen could top a scandal involving it selling drivers 11 million cars that produced more pollution than advertised, harming human health and shamefully cheating regulators’ tests in the process. But the past fortnight’s mind-boggling revelations about research at the world’s biggest carmaker have come close.First, it emerged the
  
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• BT broadband user charged £5,000 after exceeding usage limit

  04-02-2018 08:00
  My grandmother unwittingly bust her allowance – and the charges add up to thousandsMy grandmother has been subscribing to a limited broadband package with BT since 2010. It turns out that every month she has exceeded her usage allowance and drained her savings, paying thousands of pounds of additional charges. For example, the extras in the third quarter of 2017 were £171, so, if this is representative of the whole period, she may have paid more than £5,000 in extra charges sin
  
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• Anger over glut of ‘posh ghost towers’ planned for London

  04-02-2018 01:05
  Councils in capital have approved thousands of £1m-plus flats despite crisis in affordable housing, new figures showLondon councils have granted property developers planning permission to build more than 26,000 luxury flats priced at more than £1m each, despite fears that there are already too many half-empty “posh ghost towers” in the capital.Builders are currently constructing towers containing 7,749 homes priced between £1m and £10m, and have planning right
  
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• Cambridge tops the league … as Britain’s most unequal city

  04-02-2018 01:04 via theguardian.com
  Wealth is growing but only a small percentage of well-paid, highly-skilled workers are benefitingIt is warm inside the Wintercomfort for the Homeless day centre in Cambridge, where 40 people and their dogs have taken shelter from the icy wind whipping across nearby Midsummer Common. “There’s a lot of poverty in Cambridge but, because of the image of the town, much of it goes unseen,” said James Martin, the centre manager. “It’s a wealthy city that has benefited from
  
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• Brands built to last a lifetime are the key to consumer karma

  04-02-2018 01:04
  Author and founder of the BuyMeOnce website Tara Button was a shopaholic until she fell in love with a Le Creuset pot. Now disposable is a dirty wordForget retail therapy. It’s so yesterday. Avoiding frequent visits to the shops is a better way to serenity, claims a book published this week, which offers a step-by-step guide to resisting a system it says is trying to make us “broke and lonely”.Tara Button has written A Life Less Throwaway because, she says: “Our lives hav
  
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• Marx bicentenary to be marked by exhibitions, books – and pub crawls

  04-02-2018 00:04 via theguardian.com
  Renewed interest in philosopher fires celebrations of 200 years since his birth on 5 May 1818A spectre is haunting Europe in 2018 – to borrow from one of his catchier one-liners – the spectre of Karl Marx himself.Two hundred years after the philosopher’s birth, a small industry is gathering pace, from plans for major events in Trier, the city on the Moselle where he was born, to a new tour of the Manchester streets that he and Friedrich Engels walked as they discussed the condi
  
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