Financial news

• While Boris rearranges the deck chairs, the car industry is crashing | Richard Partington

  24-07-2019 20:24 via theguardian.com
  The auto industry has been Europe’s driving force for years, but it’s experiencing a rough ride nowHere comes more bad news from the car industry. In what is shaping up to be the worst year since the financial crisis for the automotive sector, Nissan and Aston Martin have become the latest manufacturers to hit the skids.At the luxury marque favoured by James Bond, sales forecasts for 2019 have been ripped up thanks to a “challenging external environment” and problems faci
  
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• Being called ‘granny’ – sexist and demeaning, or a sign of respect? | Letters

  24-07-2019 18:37
  Readers respond to Rose Rouse’s article lamenting the use of the word ‘granny’ to describe older womenI could not agree more with Rose Rouse (I’m a woman in my 60s: that doesn’t make me a ‘granny’, Journal, 23 July). No one would describe a 52- or 66-year-old man as a “granddad”, whatever activity he was involved in. In 2019, I would expect better, particularly from the Guardian, whose own style guide (if my “granny” memory serves
  
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• As co-working spaces colonise cities, are workers paying the price? | Filipa Pajević

  24-07-2019 17:15
  As businesses look to save money and space, providers such as WeWork are booming. But co-working is not all it’s cracked up to beCo-working isn’t just booming – it’s taking over our cities. The co-working space provider WeWork is the biggest occupier of office space in London after the government. It has surpassed JP Morgan as the top commercial real estate holder in New York. This week we learned it is being paid £55m in “inducements” to fill Brexit-rel
  
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• UK heatwave: commuters warned to avoid rail travel on Thursday

  24-07-2019 16:26
  Record temperatures in London and the south-east could ‘cause tracks to buckle’Commuters have been advised to avoid travelling on key rail routes in London and the south-east on Thursday as record temperatures threaten to cause tracks to buckle.Train companies operating services into London from Kent, Sussex, Cambridge and other commuter-belt counties said they would be running fewer trains and imposing speed restrictions. They warned passengers to avoid travelling if possible. Conti
  
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• Facebook to pay $5bn fine as regulator settles Cambridge Analytica complaint

  24-07-2019 15:44 via theguardian.com
  Penalty by US government reflects scale of breach, first reported by the ObserverFacebook will pay a record $5bn (£4bn) penalty in the US for “deceiving” users about their ability to keep personal information private, after a year-long investigation into the Cambridge Analytica data breach.The Federal Trade Commission (FTC), the US consumer regulator, also announced a lawsuit against Cambridge Analytica and proposed settlements with the data analysis firm’s former chief e
  
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• They became millionaires and retired at 31. They think you can do the same

  24-07-2019 14:18
  The authors Kristy Shen and Bryce Leung are part of a movement called Fire that encourages people to save intensively to retire earlyGrowing up in poverty in rural China, where her family collectively lived on as little as $0.44 a day, Kristy Shen learned to make decisions based on pragmatism rather than passion from a young age.On her first ever trip to a toy shop aged eight, after her family moved to Canada, she declined the offer of a teddy bear in favour of a cheaper one and requested that h
  
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• Caledonian Sleeper staff vote for strike action over ‘stress’

  24-07-2019 11:08
  RMT union says workers have been ‘paying personal price’ for introduction of new fleetCaledonian Sleeper staff have voted for strike action, claiming “intolerable” and “appalling” working conditions after the botched rollout of its £150m fleet of sleek trains.The new generation of overnight sleeper trains, billed as a hotel on wheels, have been plagued by problems since being unveiled in April. Continue reading...
  
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• Mytrip’s hair raising fees … uncovered in the small print

  24-07-2019 08:00
  Be warned: there’s hidden horrors lurking behind the bargain pricesThree readers have had unpleasant surprises after trying to save money by booking flights through online travel agency Mytrip.com.FK of Wigan wrote in on behalf of a Sudanese mother and her child who had saved for years to return to their homeland for a visit: Continue reading...
  
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• Shop til they drop: the play that takes us inside an Amazon warehouse

  24-07-2019 07:00 via theguardian.com
  Using testimonies from anonymous workers, a new Edinburgh show explores what it’s like to work for the world’s richest company. Its creators take us on a fact-finding tourA black box floats beneath our feet, containing a barrel of whey protein, 24 cans of Monster Energy and a Winnie the Pooh toy. It disappears through metal grates to be sorted, packed and sent off for next-day delivery. At 700,000 square feet, Amazon’s warehouse in Rugeley, Staffordshire, is roughly the size of
  
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• Amazon Echo Show 5 review: smaller, cheaper Alexa display

  24-07-2019 07:00
  Camera shutter, tap gesture, better speakers and 5.5in screen make for an appealing smart alarm clockAmazon’s latest Echo Show 5 Alexa smart display is smaller, cheaper and has improved privacy, but is a £79.99 5.5in screen with a camera ready to replace your alarm clock in the bedroom?The Show 5 isn’t the first Alexa smart display aimed at being your bedside clock. The Echo Spot, with its pleasingly round screen and ball-like shape, was released in 2018 and is still available
  
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• Mortgages: Third of homeowners who didn’t use mortgage adviser have NO form of protection

  24-07-2019 01:01 via feedproxy.google.com
  MORTGAGE terms, on average, last 25 years. New research has revealed that more than a third of borrowers who purchased their mortgage direct from a lender have no protection policy in place.
  
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