Financial news

• The Guardian view on workers’ rights: endangered by Brexit | Editorial

  06-03-2019 19:37 via theguardian.com
  The government’s offer to give MPs more scrutiny of changes to employment regulation is both flimsy and cynicalThe government’s offer to include new commitments on workers’ rights in Brexit legislation is part of a political equation that looks simple enough. The prime minister needs votes in parliament for her EU withdrawal agreement, dozens of Conservatives say they are opposed and some Labour MPs representing leave-voting areas are amenable to a deal. But they need reasons t
  
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• What’s behind this daylight robbery? | Brief letters

  06-03-2019 18:42
  Clock change | Cashless society | Cook Islands | Two Ronnies | Cumbrian greetingsThe winter solstice is on 21 December. So why did the clocks go back on 28 October, some 53 days prior to the solstice, whereas they do not go forward again till 31 March, a full 99 days after 21 December (UK could face summer time blues under EU bid to end clock change, 5 March)? What are the reasons for this 46-day asymmetry which, even now in early March, robs us of an hour of some very welcome daylight in the ea
  
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• Just Eat and HelloFresh tap into appetite for home-delivered food

  06-03-2019 15:36 via theguardian.com
  Sales surge as consumers in UK and elsewhere look for convenienceSales have surged at the UK online takeaway company Just Eat and the Berlin-based meal-kit firm HelloFresh, underlining the popularity of home-delivery services for fresh food.Both companies tap into the desire of consumers to have freshly cooked meals delivered to their door – or preprepared ingredients for home-cooked meals – for convenience. Continue reading...
  
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• Bitcoin’s flash in the pan as crypto battles market pressure

  06-03-2019 14:21 via feedproxy.google.com
  Bitcoin’s inability to find enough fuel to break free of the gravitational pull of a lengthy bear market showed an unexpected flash of improvement yesterday. The sudden jump above $3,800 came from nowhere, particularly after the week began on the back of a slump that had been foreseen in one or two crystal balls last week.
  
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• Pound euro exchange rate: GBP/EUR slips as Carney talks of Brexit ‘economic shock’

  06-03-2019 13:55 via feedproxy.google.com
  This morning, the pound has slipped against the euro, and is currently trading at around €1.163. Reports have emerged suggesting that a delay to Brexit was now “inevitable” regardless of whether Prime Minister Theresa May is able to get her deal passed in Parliament next week or not.
  
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• Best smartphone 2019: iPhone, Samsung, Google and Huawei compared and ranked

  06-03-2019 10:58 via theguardian.com
  Our updated list of the top iOS and Android mobile phones – at the best prices right now Need a new smartphone but don’t know which one is the very best? Here’s a guide comparing the current top-end smartphones from Apple, Samsung, Huawei and others to help you pick the best handset for you.There has never been a better time to buy a new flagship smartphone with many quality handsets available at a wider range of prices than ever before. Whether your priority is two-day battery
  
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• Australia adds to global slowdown fears as growth slows sharply - business live

  06-03-2019 09:40
  Rolling coverage of the latest economic and financial news, including reaction to the latest Australian GDP figures and the OECD’s new global outlookAustralia’s economy only grew 0.2% in last quarter
  Economy shrank on per-capita basis8.40am GMT Adam Cole of Royal Bank of Canada also believes Australia’s central bank could be forced to cut interest rates soon:He told clients:Australia’s Q4 GDP rose 0.2% q/q – below consensus (0.3%) and well below the RBA’s expe
  
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• Goldman Sachs relaxes dress code for 'more casual environment'

  06-03-2019 09:00
  Wall Street giant makes firm-wide decision because of ‘changing nature of workplaces’Goldman Sachs has relaxed its dress code, as the Wall Street giant allows its bankers to swap their bespoke suits for a more casual look.The change was signalled by the new chief executive of the US investment bank, David Solomon, a veteran banker who also DJs under the stage name D-Sol, and two other senior executives in a memo to staff on Tuesday. Continue reading...
  
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• Carlos Ghosn: former Nissan chairman released on bail in Tokyo

  06-03-2019 08:59
  Ghosn was allowed to return to his residence while he awaits trial for financial misconductCarlos Ghosn has been freed from detention in Tokyo, almost four months after the former Nissan chairman was arrested for financial misconduct.Ghosn, whose prolonged custody has sparked international criticism of Japan’s “hostage justice”, was driven past hundreds of reporters, photographers and TV crews on Wednesday afternoon, a day after a court in Tokyo granted him bail. Continue readi
  
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• UK cash system ‘on the verge of collapse’, report finds

  06-03-2019 08:23
  Review predicts cash could fall to just 10% of all payments in the next 15 yearsMore than 8 million UK adults would struggle to cope in a cashless society, according to a major report which claims that the country’s “cash infrastructure” is in danger of collapsing.With Britons increasingly turning to digital payments, and bank branches and ATMs closing, the Access to Cash Review said companies and organisations providing “essential” services should be required to en
  
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• State Pension 2019: What do changes in state pension in April mean for YOU?

  06-03-2019 08:18 via feedproxy.google.com
  STATE Pensions will go through huge changes next month. But what does this mean for you and will your state pension go up?
  
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• We were threatened with debt collectors over a bill we weren’t allowed to pay

  06-03-2019 08:00
  Green Star Energy was unable to get our names on an account despite repeated callsWe moved into a new house which had gas and electricity supplied by Green Star Energy. In the five months since, we’ve been unable to get our names on the account, despite repeated calls, while at the same time we were being sent increasingly aggressive demands for payment. It tells us that without our names on the account, we can’t pay the bill.We’ve twice been told the issue has been resolved, b
  
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• If the US insists on chlorinated chicken, it can forget a trade deal | George Eustice

  06-03-2019 08:00
  Backward US agriculture relies on antibiotics and hormones. Unless it meets British standards, it can join the back of the queueBritain urged to reject ‘backward’ US food safety standardsFood fight: doubts grow over post-Brexit standardsThe US published its negotiating priorities for any post-Brexit trade deal with the UK last week, and Woody Johnson, the US ambassador to Britain, invited us all to look again at US production methods and to drop our opposition to certain practices su
  
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• Food fight: doubts grow over post-Brexit standards

  06-03-2019 08:00
  Soil Association raises concerns over chlorinated chicken and hormone-fed beefBritain urged to reject ‘backward’ US food safety standardsOpinion: If US insists on chlorinated chicken, it can forget a trade dealChlorinated chicken and hormone-fed beef are already infecting the debate over a post-Brexit trade deal, with one of the US’s most senior diplomats dismissing the European Union’s “museum of agriculture” approach to food safety.The US ambassador, Woody J
  
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• Britain urged to reject ‘backward’ US food safety standards

  06-03-2019 08:00
  Ex-minister warns against any post-Brexit trade deal that allows chlorinated chickenFood fight: doubts grow over post-Brexit standards
  Opinion: If US insists on chlorinated chicken, it can forget a trade dealThe US should join the back of a queue for a post-Brexit trade deal if it thinks its “woefully inadequate” and “backward” animal welfare and food safety standards will be accepted in Britain, the former farming minister George Eustice has said.Eustice, a leading Brexi
  
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• Investors urge HSBC to close coal loophole in energy policy

  06-03-2019 07:01
  Lender allowed to bankroll coal projects in certain emerging markets until 2023A group of powerful HSBC shareholders have written to the bank’s CEO, John Flint, urging him to close a loophole in its energy policy that allows the lender to bankroll coal projects in certain emerging markets.Investment management firms Schroders, EdenTree and stewardship provider Hermes EOS have also called on HSBC to impose a ban on corporate loans, underwriting and advisory services to bank clients that are
  
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• Death of the high street: how it feels to lose your job when a big chain closes

  06-03-2019 07:00
  Woolworths closed a decade ago, and since then shop after shop has shut its doors. What is it like to be there in a store’s dying days? Eleven workers tell allIt has been a terrible time for the high street. Since 2008, when the fall of Woolworths sent shock waves across the UK, 32 major retailers have closed their doors for good, with the loss of 115,000 jobs, according to the Office for National Statistics (ONS).Last year brought more pain, with an estimated 85,000 workers affected by th
  
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• Superyachts and private schools: Britain's dirty money problem

  06-03-2019 04:00
  Russian money – some legitimate, some the proceeds of fraud – was channeled through a Lithuanian bank into the UK, according to a major leak of banking documents. The Guardian’s Juliette Garside has been investigating for months and describes how Prince Charles and some of England’s most exclusive schools have benefited. Plus: Ben Beaumont-Thomas on the legacy of the Prodigy’s Keith FlintThe leak of more than 1m bank transactions has shown how an estimated $4.6bn (&
  
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• More people to join ‘ultra-rich’ than finish London Marathon

  06-03-2019 01:01
  Another 43,000 individuals will amass fortunes of more than $30m by 2023, says reportMore people will join the swelling ranks of the “ultra-rich” – with fortunes of more than $30m (£22.7m) – in the next five years than complete the London Marathon next month.Very wealthy individuals are increasing their fortunes at such a rate that about 42,700 will become ultra-high net worth individuals by 2023, according to a report by the property consultants Knight Frank. Sligh
  
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• Chris Grayling presses for new powers against firms causing potholes

  06-03-2019 01:01
  Innovative surfacing materials and partially plastic roads also feature in DfT proposalsThe transport secretary, Chris Grayling, is pressing for greater powers to hold accountable utility companies who dig holes in roads and create lasting damage.Firms will be forced to repair road surfaces for up to five years should potholes develop after their roadworks, under Grayling’s proposals. Continue reading...
  
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