Financial news

• Trump’s trade war: what is it and which products are affected?

  07-07-2018 17:00 via theguardian.com
  US and China impose tit-for-tat tariffs as fears grow over damage to global economyThe trade war between the US and other major economies escalated on Friday after Washington and Beijing launched punitive import tariffs on $34bn (£25.7bn) worth of each other’s goods.While economists say the consequences of a spat between the world’s two largest economies can be contained for now, there are fears that Donald Trump’s stance on trade could cause serious damage to the global
  
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• It’s time for Britain’s millionaire pensioners to pay up | Phillip Inman

  07-07-2018 16:59 via theguardian.com
  The retired are having a great time at the expense of young families thanks to generous pensions and property wealthThe intergenerational argument has vanished – buried beneath the Brexit talks and the traditional fixation with class inequality. The fear that millennials, whatever their class, are going to have a tougher time than their forebears appears to have had the life squashed out of it.A two-year investigation by the Intergenerational Commission, a group sponsored by the Resolution
  
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• Ryanair strikes: 'Their brand is built on being reliable bastards'

  07-07-2018 09:00 via theguardian.com
  How much pain will a summer of industrial action inflict on Europe’s largest airline?When Ryanair flies into a storm, it usually does so on a course charted with meticulous precision by chief executive Michael O’Leary.The boss of Europe’s largest airline has an unrivalled talent for generating publicity through controversy, adhering to the dogma that it doesn’t matter what people say about Ryanair as long as they say Ryanair often enough. Continue reading...
  
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• Lionel Richie ticket error made problems all night long

  07-07-2018 08:07 via theguardian.com
  A couple whose concert trip was ruined took on resale website Seatwave – and won £388It was meant to be a birthday treat: two tickets to see Lionel Richie rolling out the hits at the Eden Project in Cornwall, plus one night’s glamping.But Richard Spicer and his wife, Jane, never got to see the US singer belting out classics such as Hello and All Night Long, because at the 11th hour, Seatwave failed to deliver the tickets they had paid more than £240 for. Continue reading.
  
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• ‘I earn £10,000 and I’m a child of the gig economy’

  07-07-2018 08:00 via theguardian.com
  A freelancer on how he makes ends meet through film work, tutoring and a string of other jobsDuring my time at St John’s College, Oxford, I rarely felt the pinch. The college and university hardship funds were exceptional in offering me interest-free loans and grants to make up for the financial deficit I’d been left with by the Student Loans Company.Three years, and almost £50,000 worth of debt later, and I’d graduated with a high 2.1 in biological sciences from one of t
  
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• How do you get a landlord to do repairs?

  07-07-2018 08:00 via theguardian.com
  We’re renting and the toilet’s broken – can I hire a plumber and send the landlord a bill?Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.How do you get a landlord to fix things? My landlord is mostly fine, but is slow at replacing broken things, always promising a repair that doesn’t materialise. Now the toilet’s broken. Do I hav
  
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• Fraud: here's how scammers get away with it

  07-07-2018 08:00 via theguardian.com
  Online bank Monzo reveals the most common cons, from stolen cards to student ‘mules’
  Digital bank Monzo is one of the fastest-growing new banks in Britain, opening 750,000 accounts over the past two years. Now, in an extraordinarily candid move for a bank, it has thrown open its doors to Guardian Money to expose the scams and brazen criminality that threaten customers – and how it is fighting back. Some of the scams are shocking, others audacious – and one so simple we ar
  
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• Car hire: why is renting a child seat such an ordeal?

  07-07-2018 08:00 via theguardian.com
  Taking your own often isn’t practical – but hiring is costly and can even be dangerousSetting off on holiday as a family is exciting, even if navigating trains, planes and automobiles with small and potentially grumpy children is exhausting. But as my wife Francesca and our son Sacha (11 months) have learned, hiring a car can transform a mild logistical challenge into an appallingly stressful ordeal.Since Sacha was born, we have twice rented a car for a week from Avis, paying about &
  
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• Airport power fight up in air

  07-07-2018 06:30 via feedproxy.google.com
  THE battle for control of the owner of Southend Airport remained on a knife edge last night after a shareholder vote went into extra time. A boardroom struggle between Stobart Group and its former chief executive Andrew Tinkler came to a head at the investors annual meeting on Guernsey.
  
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