Financial news

• Litecoin surge: Why is litecoin going up? Will LTC fall again?

  14-02-2018 22:34 via feedproxy.google.com
  LITECOIN has experienced a day of growth gaining 30 percent in 24 hours, but why is litecoin going up in value and will it experience another drop similar to the one seen earlier this month?
  
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• ‘Numbers conceal realities’ Eurozone chief admits EU recovery is aided by poor jobs

  14-02-2018 22:14 via feedproxy.google.com
  THE President of the European Central Bank has admitted the bloc’s promising figures sometimes hides the “reality” behind the situation.
  
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• Ripple price 2018: Why is it rising today? Will it fall again?

  14-02-2018 20:51 via feedproxy.google.com
  RIPPLE’s price is back on the ascent after the cryptocurrency dipped below the US one dollar mark two weeks ago, causing woe for XRP investors. But why is Ripple rising today? Will it fall again?
  
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• German firm to design successor to Land Rover Defender

  14-02-2018 20:33 via theguardian.com
  Ineos chairman hands contract to MBtech to create and produce prototypes of ‘world-class 4x4’Jim Ratcliffe, the multibillionaire chemicals tycoon and Brexit supporter, has handed a contract to create a “British” successor to the Land Rover Defender to a company in Germany.
  With a fortune estimated at £7bn, Ratcliffe is the second-richest person in Britain after 27-year-old property heir Hugh Grosvenor. He said on Wednesday his chemicals company Ineos had signed up m
  
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• Carillion: a month on, employees, partners and rivals feel the pain

  14-02-2018 19:59 via theguardian.com
  More than half of company’s 19,500 workers still in limbo as suppliers count cost of its failureA month after the government contractor Carillion folded, the effects of its failure are still filtering through. The latest cost of the company’s collapse has landed on the construction firm Galliford Try, which is to tap shareholders for £150m after taking a £25m hit on the cost of picking up Carillion’s share of their Aberdeen bypass joint venture.Continue reading...
  
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• The Alternatives: how a Liverpool suburb upended its housing market – podcast

  14-02-2018 19:55 via theguardian.com
  Aditya Chakrabortty hears from Hazel Tilley, a long-time resident of the Liverpool neighbourhood of Granby and now chair of its community land trust. She explains how after decades of neglect from local government, the area took matters into its own hands to provide affordable housingSubscribe and review on Apple Podcasts, Soundcloud, Audioboom, Mixcloud and Acast, and join the discussion on Facebook and TwitterIn this episode Aditya Chakrabortty speaks to Hazel Tilley, the chair of the Granby c
  
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• Wobble on Wall Street but what are the underlying pressures?

  14-02-2018 19:54 via theguardian.com
  After last week’s shares plunge, anxious bankers are watching out for the Fed’s interest rate rises and lower corporate profitsGet ready for phase two of Wall Street’s wobble. That was the fearful advice when the latest American inflation figures provided evidence that underlying cost of living pressures were surfacing in the world’s biggest economy.The thinking seemed impeccable. When shares were plunging last week the reason was that the markets thought rising inflation
  
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• ‘Nobody backed bitcoin!’ Eurozone boss urges ‘caution’ over cryptocurrency investments

  14-02-2018 19:37 via feedproxy.google.com
  THE President of the European Central Bank has urged investors to be cautious over cryptocurrency amid concerns over the digital tokens' volatility.
  
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• Goldman Sachs boss on Trump tax plan: 'Odds of a bad outcome have gone up'

  14-02-2018 19:15 via theguardian.com
  Lloyd Blankfein warns that Donald Trump’s $1.5tn tax cut plan could over-stimulate an already healthy economy The Goldman Sachs boss, Lloyd Blankfein, has added his voice to the chorus warning that Donald Trump’s $1.5tn tax cut and spending plans could lead to an overheated US economy.“The odds of a bad outcome have gone up,” Blankfein told CNN on Wednesday.Continue reading...
  
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• Cryptocurrency market will be worth $1 TRILLION by 2018, bitcoin expert claims

  14-02-2018 18:28 via feedproxy.google.com
  THE cryptocurrency market will be worth a staggering $1trillion by the end of this year despite cyber currencies experiencing a turbulent period, the CEO of a bitcoin exchange has predicted.
  
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• Tesco apologises after payment glitch pushes customers into red

  14-02-2018 14:09
  Retailer offers compensation after delays in processing payments at 300 Express storesTesco has apologised to customers after it took up to three months to process hundreds of credit and debit card payments, causing some shoppers to go into the red.The UK’s biggest retailer said 300 of its 1,700 Tesco Express convenience stores had been affected by a glitch in its payments system since the end of November.Continue reading...
  
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• UK wages soon to catch up with inflation, Bank of England survey finds

  14-02-2018 13:59 via theguardian.com
  Report indicates wages will rise above inflation in all sectors except Brexit-hit constructionBritish workers are set for the biggest annual pay rise in a decade, according to forecasts from the Bank of England’s agents, as the rising minimum wage and staff shortages finally begin to lift wages above inflation. Companies expect to increase pay by 3.1% in 2018, compared with 2.6% last year, according to the latest survey of private-sector employers by the Bank’s network of agents acro
  
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• Why does Currys’ customer service lack know-how?

  14-02-2018 08:00
  Complaining delivery men installed the wrong machine … and then refused to take it awayI ordered a new washing machine from Currys and was promised delivery in three days. The delivery men arrived two hours late and complained about their work and other customers while installing the machine. Only after they left did I realise they had delivered a combined washer-dryer. It took three attempts and 1hr 45min on hold before I got through to customer services. With no apology, I was informed
  
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• People face surge in household debts in next five years – study

  14-02-2018 07:00
  Mounting mortgage and other domestic costs will hit families hard if interest rates riseBritons will spend almost a third more on their mortgages and other household debts over the next five years, according to new data, sparking fears many may struggle to cope with mounting costs if interest rates rise as predicted.The projection, revealed by a freedom of information request to the Office for Budget Responsibility, found household debt servicing costs were set to climb 29% by 2023, the vast maj
  
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• Calvin Klein rewrites script to give a vision of a turbulent America on the catwalk

  14-02-2018 05:38 via theguardian.com
  New York fashion week runway featuring balaclavas and hi-vis jackets reflects what an all-American icon looks like in a world of fire and furyPopcorn is a fashion-approved snack, so editors in New York for fashion week would have appreciated the invitation for Calvin Klein’s show: a bag of popcorn wrapped in a silver envelope.
  The popcorn theme continued at the venue, but turned the emoji-friendly symbol for a night at the movies into something more surreal. Continue reading...
  
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• United Airlines engine disintegrates over Pacific, forcing emergency landing

  14-02-2018 05:28 via theguardian.com
  Passenger describes ‘scariest flight of my life’ after Boeing 777 engine cowling of UA1175 flying from San Francisco to Hawaii comes offA United Airlines plane flying to Hawaii was forced to make an emergency landing after its engine began to fall apart mid-air. After what was described as “the scariest flight of my life” by one passenger, photos and videos taken through the windows showed an exposed engine shaking in mid-air after the “engine cowling” broke a
  
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• Brits in love: are we more likely to change banks than partners?

  14-02-2018 01:01
  A new survey lifts the lid on long-term romantic relationships in Great Britain, and the results are surprising Continue reading...
  
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