Financial news

• Russia denies 'feeble' US, UK charges of internet tampering - Financial Post

  17-04-2018 22:42
  Russia denies 'feeble' US, UK charges of internet tampering
  Financial Post
  FILE - This Sunday, July 27, 2008, file photo shows an LED-illuminated wireless router in Philadelphia. On Monday, April 16, 2018, Washington and London jointly accused Russia's government of targeting internet equipment in the U.S. and U.K. for ...en meer »
  
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• Starbucks to close 8,000 US stores for racial-bias training

  17-04-2018 21:13
  Announcement after arrest of two black men for ‘trespassing’Training for 175,000 workers on the afternoon of 29 MayStarbucks has moved to try to resolve the uproar over the arrest of two black men at one of its stores, announcing plans to close more than 8,000 US stores for several hours next month to conduct racial-bias training for its nearly 175,000 workers.The announcement came after the arrests last week in Philadelphia sparked protests and calls for a boycott. The two men were
  
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• Don’t call all landlords parasites | Letters

  17-04-2018 19:36 via theguardian.com
  Lorraine Hewitt and Martin Cooper respond to a recent Guardian articleRhik Samadder’s view of landlords (Landlords are social parasites. They don’t deserve any awards, 16 April) does not reflect the true situation and is not the balanced reporting normally associated with the Guardian.We agree there are certainly many bad landlords, but there are also good ones. Bitter experience taught us that when landlords have bad tenants there is little true protection for the landlord. Not
  
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• The experience economy: forget clothes and cars, consumers are embracing painting plus prosecco

  17-04-2018 18:21
  As we spend more money on holidays, experiences and events, new opportunities are emerging for companies to connect with customersImmersive theatre, specialist gin tasting, velodrome track days. On the surface three very disparate pastimes, but with two key things in common – they are experiential business ideas and they are becoming more popular all the time.There has been a shift among consumers towards purchasing experiences over things. Time spent on activities and travel appears to br
  
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• Forget clothes and cars, consumers are embracing painting and prosecco

  17-04-2018 18:21
  As we spend more money on holidays, experiences and events, new opportunities are emerging for companies to connect with customersImmersive theatre, specialist gin tasting, velodrome track days. On the surface three very disparate pastimes, but with two key things in common – they are experiential business ideas and they are becoming more popular all the time.There has been a shift among consumers towards purchasing experiences over things. Time spent on activities and travel appears to br
  
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• Primark says there's life in the UK high street yet

  17-04-2018 17:05 via theguardian.com
  Parent company unveils 3% sales rise despite refusal to sell online and trouble at rivalsPrimark’s owners said the UK high street was “not remotely dead” as the cut-price fashion chain revealed sales growth and plans for new stores despite troubles at many of its rivals.The retailer, which does not sell online and so misses the big consumer switch towards buying from laptops, tablets and phones, nevertheless said sales rose 3% at established UK stores in the six months to 3 Mar
  
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• World trade system in danger of being torn apart, warns IMF

  17-04-2018 15:28
  Global economy at risk from US-China tariff row and rise of protectionism, report says
  The postwar global trading system risks being torn apart, the International Monetary Fund has warned, amid concern over the tariff showdown between the US and China.In a sign of its growing concern that protectionism is being stimulated by voter scepticism, the IMF used its half-yearly health check for the world economy to tell policymakers they needed to address the public’s concerns before a better-tha
  
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• The IMF has a simple message: the global recovery will peter out | Larry Elliott

  17-04-2018 15:00
  Governments warned that protectionism and fear of globalisation will disrupt growthDon’t be fooled. That was the simple message from the International Monetary Fund to policymakers as it boosted its forecasts for the global economy for both 2018 and 2019.Sooner rather than later, the IMF believes, the recovery will peter out. Continue reading...
  
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• Coming to terms with Hermes deliveries

  17-04-2018 08:00 via theguardian.com
  Cracks show in the system for returning faulty items to AmazonIn February I ordered a Toshiba TV from Amazon which was delivered by Hermes. When I turned it on I discovered the screen was cracked and asked Amazon for a replacement. The new one – again delivered by Hermes – was fine, but I had to arrange the return of the faulty one. I decided to use Hermes again and paid the delivery fee (to be refunded by Amazon), repacking the faulty TV After the collection, I didn’t hear any
  
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• Why high streets don't need shops to survive | Simon Jenkins

  17-04-2018 07:00
  Shoe shops and banks may be dying out but the ‘experience economy’ offers a future for town centres. They must grasp itIs it really goodbye shop? This has been another terrible month for retailing. Monday’s figures show March footfall down 6% on last year, and almost 9% down in high streets. Clothing is in freefall, down 20%. My two local high streets – one rich, one poor – both look as if they’ve been hit by the plague, with nake
  
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• One in three UK millennials will never own a home – report

  17-04-2018 01:01 via theguardian.com
  Thinktank predicts half will be renting in their 40s and a third ‘by time they claim pensions’
  One in three of Britain’s millennial generation will never own their own home, with many forced to live and raise families in insecure privately rented accommodation throughout their lives, according to a report by the Resolution Foundation.In a gloomy assessment of the housing outlook for approximately 14 million 20- to 35-year-olds, the thinktank’s intergenerational commission
  
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