Financial news

• Bitcoin price: Cryptocurrency CEO reveals KEY level bitcoin must hit to RALLY

  20-07-2018 19:43 via feedproxy.google.com
  BITCOIN soared in price at the start of the week and one cryptocurrency expert has said the worst will be over for the cryptocurrency if the price can remain above $5,000.
  
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• Trump threatens to hit all $505bn of Chinese imports with tariffs

  20-07-2018 19:28 via theguardian.com
  President indicates readiness to slap tariffs on the entirety of Chinese goods, saying it is ‘the right thing to do for our country’Donald Trump escalated economic global tensions on Friday, lashing out a range of targets that included the European Union, the Federal Reserve and China, indicating that he is prepared to raise tariffs on Chinese imports from $34bn to cover the entire $505bn of Chinese imports. “I’m willing to go to 500,” he said during a taped intervi
  
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• Trump's tariffs threaten global prosperity, warns Angela Merkel

  20-07-2018 19:10 via theguardian.com
  US levies on European and Chinese goods may also break WTO rules, says German leaderThe war of words over Donald Trump’s threat to impose wide-ranging tariffs on imports from China and the European Union has intensified after the German chancellor, Angela Merkel, said the levies threatened the incomes of workers across the world. On Friday, Merkel described possible US tariffs on imported cars as a breach of World Trade Organization rules and “a real threat to the prosperity of many
  
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• Success in Ashford stands as a model for attracting shoppers

  20-07-2018 19:06 via theguardian.com
  A third of shops at Park Mall were empty, but council investment has seen a marked turnaround“We were a town that, like others, was dying with empty shops,” says Gerry Clarkson, the no-nonsense leader of Ashford borough council, of why it bought a run down shopping centre.A third of the stores in the Kent town’s 1980s-built Park Mall lay empty and even the charity shops that had moved in were struggling to scratch a living. Things were so grim the town received a handout in 201
  
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• Trump threatens to put tariffs on all $500bn Chinese imports – as it happened

  20-07-2018 18:50 via theguardian.com
  All the day’s economic and financial news, as the US president gives markets something new to worry aboutTrump could impose tariffs on $500bn of Chinese importsTrump: Fed is wrong to raise interest rates
  Analysts: Trump risks a currency war
  “Trump is acting like Erdogan”Chinese yuan hits fresh one-year low 5.50pm BST President Trump’s controversial comments that the Federal Reserve is wrong to raise US interest rates and his new threats to impose tariffs on $500bn worth o
  
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• No such thing as a free Friday lunch | Brief letters

  20-07-2018 18:26
  Work down Fridays | Welsh sporting wonders | General election call | Buses and taxis | Birkenhead | Morris minor letter writersThe suggestion that we scrap working on Fridays (Gaby Hinsliff, 20 July) is attractive – I’m trying to do it. But we are lucky to have the choice. Most of the things I want to do instead (get on a train, go to the cinema, sit in the park, go out for lunch, send a letter to the Guardian etc) require someone else to be at work. Usually on a lower wage
  
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• House of Fraser landlords take action over store closures

  20-07-2018 18:26 via theguardian.com
  Property owners file legal complaint, claiming insolvency process treats them unfairlyHouse of Fraser is facing a legal challenge from a group of landlords over a plan to close more than half its stores by next spring.The landlords, who filed a complaint via the court of session in Edinburgh on Friday, say that they were “unfairly prejudiced” during an insolvency process known as a company voluntary arrangement (CVA) that was approved by a majority of creditors, including landlords,
  
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• Let’s move to Ramsbottom, Greater Manchester: the town is a delight

  20-07-2018 17:29
  For a place with only 18,000 residents, it has a thriving music scene and a remarkable selection of pubs, bars and restaurantsWhat’s going for it? They’re a greedy lot in Ramsbottom. A place after my own heart. Do they think about nothing else but what they pour down their throats? Not content with having one stellar tapas bar in a town of 18,000, they have two. There are chocolate festivals and black-pudding-throwing championships and game-bird shows. There are plenty of other thing
  
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• Toblerone to revert to original shape but with bigger size and price

  20-07-2018 17:05 via theguardian.com
  Poundland will be forced to drop the chocolate bar as it will weigh 200g and cost £3Toblerone is reverting to its traditional shape after an outcry over a move to widen the gaps between the triangles – and push though a huge price rise at the same time.The 150g bar was reduced from 170g in 2016 as a way to keep prices steady at about £1 a bar. The gappy new version was likened to a bicycle rack.Continue reading...
  
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• Bitcoin price LIVE: BTC slips - expert warns of price fall - we haven't 'seen the worst'

  20-07-2018 16:16 via feedproxy.google.com
  BITCOIN has slipped nearly $100 this morning from yesterday's high of $7,531. However, a leading bitcoin believer has claimed that another big fall is now likely, claiming,"I don't actually think we've seen the worst."
  
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• Community venues breathe life into the UK's left behind areas

  20-07-2018 16:13 via theguardian.com
  From Wanstead to Ramsgate, entrepreneurial locals are setting up shops, cafes and barsIn 2013, as the craft ale craze took off, TV producer Dan Clapton decided to try selling bottled beer on a stall at the Sunday market in the east London suburb of Wanstead. To his surprise he sold out and soon he was looking for premises.Rents on Wanstead high street were too high so Clapton opted for a railway arch in Forest Gate, Wanstead’s less well-heeled neighbour. Continue reading...
  
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• Bitcoin’s $400bn BOOST: BTC to soar as ’digital gold’ of the future

  20-07-2018 14:54 via feedproxy.google.com
  BITCOIN is set to become “digital gold” and the move could send prices souring even if just a small chuck on the world’s $7 trillion pot of gold was put into crypto as a store of value.
  
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• Weak pound helps lure record number of overseas visitors to UK

  20-07-2018 14:34 via theguardian.com
  Fall in sterling since the Brexit vote seen as a factor in rise to nearly 40m visits last yearSterling’s plunge after the Brexit vote helped attract record numbers of overseas visitors to Britain last year, according to official figures.The Office for National Statistics said visits to the UK by overseas residents reached 39.2m last year, while also finding more Brits than ever before heading abroad – suggesting hopes for a staycation boom may have been overblown.Continue reading...
  
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• 'We need a call to action': Stacey Cunningham, the NYSE's first female president

  20-07-2018 13:50 via theguardian.com
  She is the first woman to lead the New York Stock Exchange in its 226 years. Faced with falling sales and government pressure, though, she finds the attention to her gender a distraction The Fearless Girl is on the move. The bronze sculpture of a little girl defiantly facing off against Wall Street’s Charging Bull launched a million selfies and became an unlikely avatar of the #MeToo movement. Soon it will be transported a few hundred metres down the road in downtown Manhattan to confront
  
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• Weak UK growth and tax revenues put the squeeze on Hammond

  20-07-2018 13:19 via theguardian.com
  Smaller reduction in June spending deficit will restrict chancellor’s budget plansWeak economic growth and sluggish tax revenues prevented the government from reducing its spending deficit in June by as much as anticipated, squeezing the chancellor’s ability to revive ailing public services in the autumn budget.City analysts expected the deficit to decline by more than £1bn compared with June 2017, following a steep fall in interest payments on the government’s total debt
  
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• BITCOIN at Goldman Sachs and Blackrock - BTC boost for world's top banks

  20-07-2018 13:12 via feedproxy.google.com
  BITCOIN and the larger family of cryptocurrencies are slowly convincing those holding the purse-strings at the world’s biggest banks that the time is right to for U-turn on cryptocurrencies. One expert told Express.co.uk that the “whole ecosystem could benefit” if big banks “diversify their investments” into crypto.
  
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• Goals 5-a-side kicked into touch

  20-07-2018 12:45 via feedproxy.google.com
  SHARES in Goals Soccer Centres crashed 18 1⁄2p to 68p as it paid the penalty for a profit warning. The five-a-side operator, hit by the Beast from the East this year, suffered a further knock-on in the second quarter due to amateur 11-a-side games deferred from the previous three months.
  
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• The leasehold system is a money-making racket. Reform is long overdue | Sebastian O’Kelly

  20-07-2018 12:30
  The grisly leasehold sector has enriched itself at the expense of ordinary families’ wealth and securityThis week, the Law Commission fired the opening shot at the murkiest and most lucrative corner of the residential property market: the leasehold system.Leasehold simply means long tenancy and it is unique to England and Wales. When you buy a leasehold property, you own it for a fixed period of time: ownership of the property returns to the landlord when a lease comes to an end. Every oth
  
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• Royal Mail investors rebel

  20-07-2018 12:14 via feedproxy.google.com
  ROYAL Mail suffered a huge backlash as 70 per cent of investors voted against senior bosses’ pay. It emerged it was paying new chief executive Rico Back a salary of £640,000, £100,000 more than his predecessor Moya Greene, whose contractural entitlements also raised concerns.
  
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• Pound US dollar exchange rate: GBP dips as Brexit talks rumble on

  20-07-2018 12:04 via feedproxy.google.com
  THE pound has made minor losses against the US dollar today, trading at a level of $1.301. This is an improvement over the week’s worst pound US dollar rate of $1.296, but is still below Monday’s opening high of $1.328.
  
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• Royal Mail faces revolt over boss's pay – but the board is free to do nothing | Nils Pratley

  20-07-2018 12:01 via theguardian.com
  Rico Back’s package is lavish, but far from the City’s worst. Blame the advisory voting systemOrna Ni-Chionna, head of remuneration at Royal Mail, is “very disappointed” that 70% of voting shareholders think her pay report should be filed in the bin, along with the junk mail. The company will reflect “very carefully” on their views. Then it will consult with them, again “very closely”. Then it won’t change a thing.The last part wasn’t s
  
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• Pound euro exchange rate: GBP muted as IMF warns over ‘no-deal’ Brexit

  20-07-2018 11:14 via feedproxy.google.com
  THE pound euro exchange rate is currently trading at €1.117. While this is virtually unchanged from this morning’s opening levels, it is still trading close to its worst levels this year.
  
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• Priced out of parenthood: no wonder the birthrate is plummeting | Rhiannon Lucy Cosslett

  20-07-2018 11:00
  Deciding to have a child should fill you with joy, not crippling anxiety. The UK is making things so hard for its young peopleSkint people have been having babies for thousands of years. Were the continuation of the human race reliant on parents being in a position of economic security before deciding to have children, we would have died out by now. Related: My generation has to choose between a child or a career. We can’t afford both | Rhiannon Lucy CosslettContinue reading...
  
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• Amazon must be forced to change, for the sake of its workers | Fiona Onasanya

  20-07-2018 10:58 via theguardian.com
  With 89% of its employees feeling exploited, we see the result of disempowered unions and unenforced regulationsWhile the technological advancements that have brought us tailor-made online shopping at the click of a button is worth celebrating, the delirium that surrounded Amazon’s Prime Day this week has left a bad taste in my mouth. Technological progress brings its own challenges, and the concerns of my constituents who have worked at our local Amazon fulfilment centre have only served
  
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• Ethereum to change the world? ETH development gathering momentum, expert

  20-07-2018 10:35 via feedproxy.google.com
  ETHEREUM could yet change the world and propel blockchain technology to become “as broadly adopted as the internet is today” according to leading tech expert.
  
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• I'm an academic, and I feel underpaid and over-monitored | Anonymous academic

  20-07-2018 08:30
  I receive more scrutiny and fewer opportunities than peers working in university administration. It doesn’t feel fairI recently voted in yet another ballot on the possibility of industrial action over my university’s staff pay offer. This time around, I can’t believe that I am having to prepare to fight for recognition of the value of my work again. It feels doubly unfair since I’m surrounded by colleagues who don’t have to prove their worth over and over. It strike
  
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• Why did BT keep sending bills after father had died?

  20-07-2018 08:00
  They charged him £70-£80 a month and my mother is £1,600 out of pocketMy father died in June last year and BT has continued to charge him £70-£80 a month. It has advised that he should have terminated the landline agreement, which is absurd – as he was dead. My 91-year-old mother is now out of pocket by over £1,600. Problems began when my parents moved in 2016. We phoned BT to transfer their phone and broadband to a new address and to inform them I would
  
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• Homes by the water for sale – in pictures

  20-07-2018 08:00
  Dive in to the property market with these waterside houses, from Kent to Cornwall Continue reading...
  
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• How to transform the way we work: scrap Fridays | Gaby Hinsliff

  20-07-2018 07:00 via theguardian.com
  The last day of the week is a slog at work. But using technology to work smarter could free up workers’ hours – and profit companiesThe worst time in the world to get anything done is on a Friday afternoon. Shoulders drop, spirits rise, thoughts inexorably start drifting towards a sunny beer garden. Suddenly, nothing seems so urgent that it couldn’t probably wait. Wise employers have long learned not to fight the Friday feeling.Even in the workaholic 1980s, Fridays used to be d
  
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• Sky the limit for Comcast

  20-07-2018 06:22 via feedproxy.google.com
  US MEDIA and technology giant Comcast has dropped its bid to buy entertainment assets owned by Rupert Murdoch’s 21st Century Fox to focus on a £26billion takeover of satellite broadcaster Sky.
  
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• Cadbury to launch Dairy Milk bar with 30% less sugar

  20-07-2018 01:01 via theguardian.com
  Customers can choose between original and new version, which has extra fibreIf you are watching your weight but struggle to give up chocolate there may be some relief in view, because Cadbury is to launch a new version of its famous purple liveried Dairy Milk bars with 30% less sugar.The lower-sugar bar took a team of 20 scientists, nutritionists and chocolatiers almost two years to finesse, the company said. The recipe does not rely on artificial sweeteners, colours or preservatives but instead
  
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