Financial news

• Trump announces US-Mexico trade deal, setting stage for Nafta overhaul

  27-08-2018 19:59 via theguardian.com
  President hails deal ‘incredible for both parties’ and says negotiations with Canada will start ‘relatively soon’Donald Trump has said he will strike a new trade deal with Mexico while ripping up the North American Free Trade Agreement (Nafta) and threatening a trade war with Canada.“I’ll be terminating the existing deal and going into this deal,” the US president told reporters in the Oval Office on Monday. “We’ll be starting negotiating wit
  
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• Live Nation's grip on music festivals 'stifling competition'

  27-08-2018 15:41 via theguardian.com
  Independent groups call for CMA to investigate US firm’s ‘anticompetitive behaviour’Independent music festivals have urged the competition watchdog to investigate Live Nation’s dominance of the UK music industry, warning that the summer festival scene is suffering.As thousands of fans returned from this weekend’s Reading and Leeds events – both controlled by Live Nation – the Association of Independent Festivals (AIF) said the company was able to “
  
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• Risk of no-deal Brexit grows every day, says German industry chief

  27-08-2018 14:22 via theguardian.com
  Senior business leader says effects would be much more serious than UK admitsMany businesses in Germany are still hoping the UK reverses its decision to leave the EU, according to one of the country’s top business leaders, who also warned of the dangers of a no-deal Brexit.“The risk of a hard [no-deal] Brexit is growing by the day,” said Joachim Lang, the head of the Federation of German Industries (BDI), in a wide-ranging interview with the Rheinische Post newspaper. “Ev
  
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• UK summer 'wind drought' puts green revolution into reverse

  27-08-2018 14:09 via theguardian.com
  Windfarms fall short in heatwave, but 2018 was still UK’s second greenest summerBritain’s long heatwave threw the country’s green energy revolution into reverse and pushed up carbon emissions this summer, leading experts to stress the need for a diverse energy mix. The summer of 2017 was lauded as the “greenest ever” for electricity generation, thanks to a growing number of windfarms and solar installations edging out coal and gas power stations. Continue reading...
  
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• Uber to diversify into electric bikes and scooters to drive growth

  27-08-2018 13:33 via theguardian.com
  Move may cost in short term but boost longer-term user engagement, CEO saysUber is to switch its focus from taxis to electric bikes and scooters to grow its global business, its chief executive has said.The ride-hailing app will promote different modes of transport that can work better in congested inner cities, to keep Uber users on its platform. Continue reading...
  
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• Facebook is being eclipsed by its youthful rival Snapchat

  27-08-2018 13:31 via theguardian.com
  Social media giant struggles to stay relevant to a younger generationFacebook has officially lost its cool. Snapchat is set to overtake it as the digital hangout of choice for teens and twentysomethings this year, as Mark Zuckerberg’s social media site struggles to remain relevant to the youth generation.By the end of this year Snapchat, which with its disappearing messages and funky photograph filters has already won over young teens, will also become the most popular social media platfor
  
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• The pressure to succeed is bad. But now we have to fail right, too | Alex Holder

  27-08-2018 11:38 via theguardian.com
  High flyers talking about past disasters just piles the pressure on the rest of us for whom failure may be exactly thatI once worked at an advertising agency that had a huge mural in its reception that declared “Fail Harder”. I’d walk past those words on the way to my desk in the basement and wonder what they meant exactly. Judging by the constant stream of awards the agency was winning, it wasn’t failing as a business and I knew, as a very middling member of staff, that
  
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• How can my disabled son get cover for joint mortgage payments?

  27-08-2018 08:00 via theguardian.com
  He is on universal credit and I’m worried that if his girlfriend is unable to work he will be liable Q My son and his girlfriend are buying a house together. He is disabled and on universal credit and as a result, has very little income. So with our help, he is putting down half the purchase price while his girlfriend is contributing 10% in cash and will be paying the whole of the mortgage on the rest. Because they will jointly own the property, the mortgage lender is insisting on having b
  
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• Holidays from hell: how to get redress when things go wrong

  27-08-2018 08:00
  Claiming compensation for a ruined trip can be baffling – here’s how to put things rightIn the coming week thousands of holidaymakers will be returning to drudgery. Not just to the day job but the baffling, often futile, attempts to claim redress for a ruined trip.As holidays become ever easier to book online, more travellers are finding their idyll becomes a nightmare due to incompetence, indifference or downright fraud. Here are some of the most common problems, and how to put them
  
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• Record proportion of Londoners selling up to move north

  27-08-2018 07:13 via theguardian.com
  Hamptons International says relocations have trebled since 2010, with buyers drawn by bigger, cheaper housesA record proportion of London homeowners are selling up to buy cheaper property in the north and Midlands, using profits made in the capital to splurge on bigger homes.Research by agents Hamptons International found the proportion of Londoners leaving the capital for northern England or the Midlands had tripled since 2010. Continue reading...
  
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• Bailiffs sent to more than 81,000 firms

  27-08-2018 05:18 via feedproxy.google.com
  Bailiffs have been sent in to more than 81,000 companies that have struggled to pay their business rates in the first year since a overhaul of the system, according to figures.
  
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• One in five vanilla ice-creams have no vanilla, cream or fresh milk

  27-08-2018 01:01 via theguardian.com
  Survey reveals how new rules mean cheaper ingredients are usurping traditional elementsBritain’s longest heatwave since 1976 has seen ice-cream sales soar, but a survey has revealed that some brands are sold without vanilla, cream or fresh milk.Vanilla has traditionally been Britain’s favourite flavour but a Which? investigation of supermarket and branded vanilla ice-creams found a number of them were lacking some key ingredients. Continue reading...
  
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• One in five vanilla ice-creams has no vanilla, cream or fresh milk

  27-08-2018 01:01
  Survey reveals how new rules mean cheaper ingredients are usurping traditional elementsBritain’s longest heatwave since 1976 has seen ice-cream sales soar, but a survey has revealed that some brands are sold without vanilla, cream or fresh milk.Vanilla has traditionally been Britain’s favourite flavour but a Which? investigation of supermarket and branded vanilla ice-creams found a number of them were lacking some key ingredients. Continue reading...
  
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• Why is Scottish Power’s boiler insurance a write-off?

  27-08-2018 01:00
  Readers say the energy company is not fixing faulty boilers despite paying premiums for yearsI have just read your article about Scottish Power and gas boiler insurance. The company similarly told me my leaking boiler was beyond economic repair – a local plumber then restored it to health for just £150. In February 2017, I noticed a drip from the bottom of the boiler. The first engineer Scottish Power sent fitted a new washer, but the drip recurred. The second said it was leaking fro
  
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