Financial news

• Trump hits out at Amazon for the fourth time in one week - ‘I am right!’

  03-04-2018 21:22 via feedproxy.google.com
  PRESIDENT Trump took to Twitter today to launch a ferocious attack on Amazon for the fourth time this week.
  
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• Bitcoin price: Former minister says risk to financial stability MINIMISED if banks do THIS

  03-04-2018 20:34 via feedproxy.google.com
  FORMER Indonesian Finance minister Muhamad Chatib Basri said banks should consider looking into issuing "their own digital currency" to "minimise" bitcoin's threat to global financial stability.
  
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• Spotify's direct listing breaks the mould – unlike its governance

  03-04-2018 20:29
  Music app copies Silicon Valley’s obsession with control through unequal voting rightsSpotify’s arrival on the New York Stock Exchange is revolutionary only in one way. The music streaming service refused the usual public offering of stock and chose a “direct listing”, in which the price of the shares is set by buyers and sellers in the market without the help of investment bankers’ expensive underwriting and “stabilisation” services. Smart move: Spotify
  
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• UK and European stocks in 'DEATH crosses' as strategist warns of long-term lows

  03-04-2018 20:15 via feedproxy.google.com
  STOCK markets in the UK and Europe have formed “death crosses” and are expected to face long-term lows, warned strategist Robin Griffiths.
  
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• Tesla MISSES Model 3 production target but stock still rises

  03-04-2018 20:15 via feedproxy.google.com
  TESLA shares rose by seven percent this morning - despite the company missing its target of producing 2,500 Model 3 Sedans a week.
  
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• Bank card fraud fears: Cloning can be carried out by STANDING CLOSE

  03-04-2018 19:09 via feedproxy.google.com
  A WARNING has been issued over contactless bank cards with details being “skimmed” while the card is still in your pocket.
  
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• RAC facing refund costs over breakdown cover renewal letters

  03-04-2018 18:32 via theguardian.com
  Insurer accused of breaching FCA rules intended to make price rise clear to consumersThe RAC could be forced to offer refunds to up to 1 million breakdown recovery customers after its policy renewal letters failed to prominently display the previous year’s premium. Under transparency regulations introduced a year ago by the Financial Conduct Authority (FCA), companies have to clearly show the amount the customer paid the previous year alongside the renewal price.Continue reading...
  
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• Spotify soars into New York Stock Exchange with a value of $23BILLION

  03-04-2018 18:12 via feedproxy.google.com
  SPOTIFY sold its stock for the first time as it was issued on the New York Stock Exchange at $132 a share - meaning the value of the company stands at $23billion.
  
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• Workers at risk as robots set to replace 66m jobs, warns OECD

  03-04-2018 18:08
  One in seven vulnerable employees in developed world least likely to be receiving helpThe west’s leading economic thinktank has warned its members that they are failing to prepare workers for an automation revolution that will leave 66 million people at risk of being replaced by machines in the coming years.A new report by the Paris-based Organisation for Economic Cooperation and Development found that the most vulnerable – one in seven workers on average across the 32 countries stud
  
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• Which? sparks ‘heartbreak’ after cancelling THOUSANDS of 20-year-old email addresses

  03-04-2018 16:22 via feedproxy.google.com
  WHICH?, the magazine and news platform that campaigns for fairness on behalf of UK consumers, has shocked customers by ending its subscribers’ email service.
  
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• UK MoD to benefit from extra £800m funding in next financial year - Naval Technology

  03-04-2018 15:25
  UK MoD to benefit from extra £800m funding in next financial year
  Naval Technology
  UK Chancellor of the Exchequer Philip Hammond and Defence Secretary Gavin Williamson have jointly confirmed the addition of an extra £800m towards the country's 2018-2019 defence budget. The UK Ministry of Defence (MoD) will have access to £600m for ...
  
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• Even financial guru Bill Gross suffers in Wall Street - Gooruf

  03-04-2018 15:07
  Gooruf
  Even financial guru Bill Gross suffers in Wall Street
  Gooruf
  Even the gurus suffer in Wall Street, or at least they seem to go out of fashion and not fare as well as they used to. Bill Gross, famous manager and former co-founder of Pimco, knows that he seems to have lost his magic touch and is having a hard time ...en meer »
  
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• Pound to euro update: Expert REVEALS Sterling will soar thanks to Brexit progress

  03-04-2018 14:52 via feedproxy.google.com
  THE Pound will rise incrementally over the dollar and the euro thanks to the continuous progress made by the UK Government in the Brexit negotiations, according to financial strategist Stephen Gallo.
  
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• UK firms failing to make financial plans for cyber attacks - ComputerWeekly.com

  03-04-2018 14:14
  ComputerWeekly.com
  UK firms failing to make financial plans for cyber attacks
  ComputerWeekly.com
  Only a third of UK business leaders say they have a financial plan in place to counter the effects of a cyber attack, a survey shows. This is despite the fact that 80% of 10 UK business leaders are concerned or very concerned about the financial ...en meer »
  
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• EUROZONE CRISIS: Draghi’s boasts hit as EU suffers 'inevitable' industrial slowdown

  03-04-2018 13:59 via feedproxy.google.com
  EUROZONE industrial growth has “slowed noticeably” according to an influential purchasing managers’ index as the start of the year “boom” comes to an end.
  
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• Litecoin price news: Is the tide turning for Litecoin? Why is LTC rising today?

  03-04-2018 13:34 via feedproxy.google.com
  LITECOIN is on the upturn this morning, with prices across the entire crypto-market soaring into the black. But why is LTC rising and will it continue?
  
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• Ryanair reveals worst gender pay gap in airline industry

  03-04-2018 13:26
  Median hourly pay among UK staff is 71.8% lower for women with bonus pay 3% lowerRyanair has revealed a gender pay gap of 72% – the worst in the airline industry – with women making up only 3% of the top quarter of earners at the budget airline. The figure is among the most imbalanced yet reported in any sector, about four times the UK average and outstripping that of easyJet, whose 45% gap had attracted widespread criticism. Continue reading...
  
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• Insurance Firms Still Failing To Meet UK Financial Conduct Authority General ... - Exchange News Direct

  03-04-2018 12:04
  Insurance Firms Still Failing To Meet UK Financial Conduct Authority General ...
  Exchange News Direct
  The Financial Conduct Authority (FCA) has warned it will take action against general insurance firms who are failing to properly implement rules introduced to increase transparency and encourage shopping around at renewal time. The rules, introduced in ...
  
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• Goals of the Astana International Financial Center were presented in the UK - http://www.kazakh-tv.kz/

  03-04-2018 11:42
  http://www.kazakh-tv.kz/
  Goals of the Astana International Financial Center were presented in the UK
  http://www.kazakh-tv.kz/
  Goals of the Astana International Financial Center were presented at the first Eurasian FinTech Forum in the UK. FinTech is a combination of high technologies and traditional financial services. In order to successfully implement projects in this area ...
  
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• Meet the quitters: the thriving entrepreneurs who escaped the rat race

  03-04-2018 11:40
  Ever dreamed of jacking in the job and setting up your own business? Meet four nine-to-fivers who made that dream a realityIf your average working day involves a packed rush-hour train, a soul-sapping workload and a sad sandwich at your desk at lunchtime, you may have considered breaking free from the shackles of the nine-to-five. If so, you’re not alone. A recent survey by CV-Library shows that just over half (55.6%) of British employees are dissatisfied with their jobs. Related: Top tips
  
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• Bank of England tells UK financial sector to prepare for transition - New Europe

  03-04-2018 11:07
  New Europe
  Bank of England tells UK financial sector to prepare for transition
  New Europe
  The Bank of England has urged London's financial sector to have the mechanisms in place to cope with the 21-month post-Brexit transition period agreed on by UK Prime Minister Theresa May and the European Commission. The deal has been undermined by ...en meer »
  
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• Disney offers to buy Sky News to ease Murdoch's £11.7bn takeover

  03-04-2018 09:28
  Move aims to allay media plurality fears over 21st Century Fox’s takeover of British broadcasterDisney has offered to buy Sky News to help Rupert Murdoch push through his £11.7bn takeover of Sky by allaying fears he will control too much of the UK news media.Murdoch’s bid is being scrutinised by the Competition and Markets Authority (CMA) amid concerns that buying the 61% of Sky his company 21st Century Fox does not already own will give him too much media influence. The Murdoc
  
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• 'Being cash-free puts us at risk of attack': Swedes turn against cashlessness

  03-04-2018 09:01 via theguardian.com
  Sweden’s central bank governor has called for public control over its payment system. Others say a fully digital system is vulnerable to fraud and attack It is hard to argue that you cannot trust the government when the government isn’t really all that bad. This is the problem facing the small but growing number of Swedes anxious about their country’s rush to embrace a cash-free society.Most consumers already say they manage without cash altogether, while shops and cafes increa
  
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• Uber: I’m in shock after being charged a £60 cleaning fee

  03-04-2018 08:00 via theguardian.com
  I wasn’t given any details of an alleged incident involving mustardAfter an uneventful 19-minute Uber journey, I was shocked to be charged a £60 cleaning fee for what appeared (in a photo) to be mustard on the car’s rear seat and inside the door. I was not provided with a description of the incident or the time the photo was taken, and it is not possible to see the car registration. It was even suggested the incident was serious. Uber is doing nothing to refund me. SS, London S
  
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