Financial news

• Site launched to help workers claim uncollected pay

  13-02-2019 19:01 via theguardian.com
  MyPay is targeted at people who cannot afford lawyers’ advice on lodging claimsA website is being launched to help freelancers and other workers claim an estimated £3bn a year owed in wages and holiday allowances, in the latest example of justice moving online.The service, MyPay London, aims to help people who cannot afford to pay lawyers for advice on lodging their claims. Legal aid for employment cases was removed by the coalition government in 2013. Continue reading...
  
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• Banks close thousands of ‘money mule’ accounts, MPs told

  13-02-2019 18:49 via theguardian.com
  Fraudsters target young people on social media to use their accounts for illegal endsBanks are closing tens of thousands of accounts a year in the UK as fraudsters increasingly use social media to lure young people into becoming “money mules”, MPs have heard.Santander said it closed about 24,000 accounts a year on suspicion of fraud. About 11,000 of those are suspected money mule cases, where fraudsters use genuine accounts to process illegal payments linked to terrorism, money laund
  
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• ST PANCRAS INTERNATIONAL: all solos need this Valentine’s Day

  13-02-2019 15:57 via feedproxy.google.com
  World famous architectural beauty St Pancras International railway station is celebrating the state of singledom this Valentine’s Day by offering solo Londoners a wide range of promotions and offers – available when they show membership to one or several, dating apps.
  
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• Europe is BIGGEST THREAT to global economy: 'VICIOUS DEBT CRISIS' incoming, experts warn

  13-02-2019 13:50 via feedproxy.google.com
  THE economic crisis engulfing the eurozone is threatening the growth of the global economy, with the deepening struggles in Italy and Germany driving the bloc into a debt disaster, experts have warned.
  
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• Pound euro exchange rate rises as Eurozone industrial malaise trumps lower UK inflation

  13-02-2019 13:38 via feedproxy.google.com
  This morning, saw the pound buoyed against the euro on fresh reports of a rumoured extension to Article 50, before a slew of disappointing UK inflation data dampened sentiment, and the pairing is currently trading at around €1.138. January’s Consumer Price Index showed UK inflation came in at 1.8 percent, hitting a two-year low and dipping below the Bank of England’s target range.
  
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• Papier wins hearts with its digital and paper perfect match 

  13-02-2019 13:37 via feedproxy.google.com
  Digital and paper are proving the new power couple and a perfect match for Papier, an online business selling personalised stationery that has seen sales for Valentine’s Day cards quadruple in two years.
  
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• Pound US dollar exchange rate: GBP/USD steadies as Fed gets bullish over economy

  13-02-2019 13:17 via feedproxy.google.com
  The pound US dollar exchange rate is steady today and is currently trading around $1.290. The pound steadied against the US dollar today after bullish comments from Fed Chairman, Jerome Powell, last night, who said: “Today, data at the national level show a strong economy… Unemployment is near a half-century low, and economic output is growing at a solid pace.”
  
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• UK inflation falls to two-year low of 1.8% thanks to energy price cap - business live

  13-02-2019 12:43
  Boost for real wages as the cost of living rises at its slowest rate in two yearsBREAKING: UK inflation fell to 1.8% in January, below targetONS: Ofgem price cap kept bills lowerEarlier:Introduction: UK and US inflation data
  Trump suggests trade deadline could be extended11.43am GMT Back in the City, the FTSE 100 is closing in on a new four-month high.The blue-chip index is now up 50 points at 7184, only a few points away from last week’s peak. 11.25am GMT This chart, from the inflation re
  
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• Brexit: UK has rolled over just £16bn out of £117bn trade deals

  13-02-2019 12:35
  Liam Fox has agreed deals with only seven of 69 countries covered by EU arrangementsThe government’s push to roll over EU trade deals from which the UK currently benefits has yielded agreements covering just £16bn of the near-£117bn of British trade with the countries involved.Despite frenetic efforts by ministers to ensure the continuity of international trade after the UK leaves the EU on 29 March, the trade secretary, Liam Fox, has so far only managed to secure deals with se
  
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• Fall in energy prices drags UK inflation to two-year low

  13-02-2019 11:39 via theguardian.com
  Offering respite to households, consumer price index dips to 1.8% in January from 2.1% Inflation dropped to 1.8% last month following the biggest monthly fall in gas prices since the 1980s, to offer hard-pressed British consumers some respite from rising prices ahead of Brexit.The consumer prices index (CPI) fell from 2.1% in December to its lowest level in two years as wholesale energy prices tumbled, cutting heating bills for millions of households. Continue reading...
  
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• Can blockchain save Brexit? It could solve Ulster border problem

  13-02-2019 11:30 via feedproxy.google.com
  THERESA MAY’S Brexit headache over the Irish border could be eased by blockchain – the technology underpinning cryptocurrency, it has been claimed. As European leaders stonewall the UK’s exit plans over the Irish backstop, one of the country’s leading blockchain influencers believes the unique programming behind bitcoin could solve the problem.
  
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• Lawyer defending ex-Nissan chairman Carlos Ghosn resigns

  13-02-2019 10:53
  Reports in Japan suggest Motonari Otsuru will be replaced by Junichiro HironakaMotonari Otsuru, the lawyer heading the defence for Nissan’s former chairman Carlos Ghosn, has resigned.Otsuru’s office and a statement submitted to the court confirmed that Otsuru had quit on Wednesday. It was the latest twist in Ghosn’s legal battle after he was arrested in November. He has been charged with falsifying financial reports by under-reporting his compensation and with breach of trust.
  
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• Pound LIVE: GBP Sterling SURGES but inflation falls to TWO-YEAR LOW

  13-02-2019 10:22 via feedproxy.google.com
  THE pound has briefly surged against the US dollar rand euro, after renewed suggestions of a delay to Brexit lifted sentiment on the currency.
  
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• Pound LIVE: GBP Sterling PLUMMETS - inflation falls to TWO-YEAR LOW

  13-02-2019 10:22 via feedproxy.google.com
  THE pound plummeted against the euro and US dollar before it was revealed inflation in January fell to a two-year low and below the Bank of England’s target.
  
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• Trade optimism pushes shares higher ahead of UK inflation report - business live

  13-02-2019 09:20
  Rolling coverage of the latest economic and financial news, including new cost of living figuresIntroduction: UK and US inflation data
  Trump suggests trade deadline could be extended8.20am GMT UK housebuilder Galliford Try has added its voice to the chorus urging MPs to avoid a no-deal Brexit.In its latest financial results, the company says crashing out of the EU would badly hurt the economy:We consider that a controlled departure under the terms of a withdrawal agreement between the UK and the
  
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• A credit reference agency is chasing me over a stranger’s debt

  13-02-2019 08:00
  How can they inflict such harassment when I had done nothing wrong?A stranger’s debt from a mail order company has been allocated to my credit report and is affecting my credit rating. It is linked to a previous address, and the missed payments were made after I moved out.The issue arose when my bank reduced my credit card limit saying my credit report with Callcredit gave it cause for concern. The records are clearly erroneous as they contain different spellings of my name and a different
  
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• Dark money is pushing for a no-deal Brexit. Who is behind it? | George Monbiot

  13-02-2019 07:00
  Targeted no-deal Brexit ads are funded opaquely, yet the government has failed to bring in new laws
  Modern governments respond to only two varieties of emergency: those whose solution is bombs and bullets, and those whose solution is bailouts for the banks. But what if they decided to take other threats as seriously?This week’s revelations of a catastrophic collapse in insect populations, jeopardising all terrestrial life, would prompt the equivalent of an emergency meeting of the UN secur
  
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• Restaurants could make £7 for every £1 invested in cutting waste, report reveals

  13-02-2019 06:00
  Global study sets out how industry could make waste reduction pay, using data taken from across 12 countries
  Restaurants can make a profit of £7 for every £1 they invest in cutting food waste, a global report reveals today, in findings that are hailed as proving the business case for stopping edible food from being binned.The study is based on research for Champions 12.3, a group of political, business, NGO and farmers’ leaders from across the world who have united to tackle wa
  
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• How to make an incinerator popular? Put a ski slope on it

  13-02-2019 06:00
  Idea of topping municipal plant in Copenhagen with urban ski resort won accolades for Danish architecture firm
  It might be the first waste incinerator the neighbours actually want next door. The shop at the foot of the Amager Bakke waste-to-energy project in Copenhagen is packed with families desperate to be among the first to try its unique selling point: the ski slope on the roof.“I live so close by that I could follow the development,” says Ole Fredslund, who lives in neighbouring
  
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• Huawei tells New Zealand: banning us is like banning the All Blacks

  13-02-2019 05:40
  Chinese tech company uses full-page ads to push for inclusion in 5G rollout despite concerns it is a security riskChina’s Huawei has taken out full-page ads in major New Zealand newspapers in which they equate the idea of ban on the company to a rugby tournament without the All Blacks.The advertisement reads: “5G without Huawei is like rugby without New Zealand”, referring to the upcoming nationwide rollout of the mobile technology.Continue reading...
  
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• PNG police seek return of almost 300 luxury cars missing after Apec summit

  13-02-2019 01:17
  Officials have failed to return Toyota LandCruisers and Mitsubishi Pajeros, but 40 Maseratis and Bentleys have been handed backPapua New Guinea police are seeking the return of nearly 300 imported cars loaned to officials for driving world leaders around its capital during last year’s Asia-Pacific Economic Corporation meeting, a commander said on Tuesday.Two hundred and eighty-four cars have yet to be returned to the government’s State Asset Recovery Unit, including Toyota LandCruise
  
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• State pension: How much is the state pension? How much should you put in personal pension?

  13-02-2019 01:01 via feedproxy.google.com
  STATE PENSION is the best-established way to a good retirement fund, but is only available to certain age groups in certain amounts, unlike a personal pension. How much is the state pension and how much money should you put in a personal pension?
  
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• Gambling ads to be banned from child-friendly sites and games

  13-02-2019 01:01
  New rules also prohibit celebrities who look under-25 from appearing in promotionsGambling adverts will no longer be allowed to appear on websites or in computer games that are popular with children, under new rules designed to stop irresponsible gambling.Bookmakers will be required to use every targeting tool possible to ensure online gambling promotions are not seen by under-18s. They will also have to avoid placing gambling adverts on parts of websites that are popular with children, and stop
  
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