Financial news

• Boone Pickens dead: Who was the ‘Oracle of Oil’ T. Boone Pickens? How did he die?

  11-09-2019 20:56 via feedproxy.google.com
  THOMAS BOONE PICKENS has died at the age of 91, his office has confirmed. Who was the oil tycoon and how did he die?
  
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• Pound euro exchange rate improves as Investors await ECB Policy

  11-09-2019 18:19 via feedproxy.google.com
  The pound euro exchange rate edged higher to around €1.121 today after July’s year-on-year Spanish industrial output fell below forecasts from 1.6 percent to 0.8 percent, further dampening market confidence in the Eurozone economy.
  
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• Pound US Dollar exchange rate: unexpected rise in US inflation causes GBP/USD to slide

  11-09-2019 17:46 via feedproxy.google.com
  This afternoon, the pound slumped against the US dollar and the pairing is currently trading at around $1.232. The US dollar enjoyed an upswing of support when the US Producer Price Index for August unexpectedly edged up by 0.1 percent.
  
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• Hong Kong stock exchange proposes surprise £32bn merger with LSE – business live

  11-09-2019 12:14 via theguardian.com
  Rolling coverage of the latest economic and financial newsBreaking: Hong Kong wants to take over London stock exchangeProposal values LSE at £32bnDeal would supplant LSE’s merger with RefinitivEarlier:Bond yields are bouncing back as prices start to fallInvestors less worried about trade wars and Brexit......and may have driven prices unsustainably high 11.14am BST Here’s some instant media reaction to the HKEX-LSE merger proposal.Julianna Tatelbaum of CNBC calls it ‘huge
  
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• Universal Credit changes in October: Why claimants could get MORE money from next month

  11-09-2019 11:56 via feedproxy.google.com
  UNIVERSAL CREDIT claimants will see changes to their payments from next month, as the Department for Work and Pensions roll out revisions to the benefit. Some claimants could get more money in their pocket as a result of the changes.
  
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• Australia's secretive billionaire David Teoh steps into media spotlight

  11-09-2019 10:54 via theguardian.com
  Teoh, who despite running one of Australia’s largest telcos has managed to maintain anonymity, runs gauntlet of mediaFinally, the reclusive billionaire emerged. David Teoh, estimated to be worth $3bn, made his debut before the cameras on a fine spring day outside the federal court in Melbourne on Wednesday.As he stepped into the witness stand shortly after 3pm, Teoh gave away the extraordinary level of anonymity he’d been able to maintain even while running one of Australia’s b
  
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• Apple to launch most expensive iPhone ever in UK next week

  11-09-2019 10:30 via theguardian.com
  Brexit-battered pound means iPhones 11 Pro and 11 Pro Max will cost about £200 more than in USApple is set to release the most expensive iPhone ever in the UK next week against the backdrop of a Brexit-battered pound, just two years after the company broke its own records with the iPhone X.The iPhones 11 Pro and 11 Pro Max, revealed during a press event on Tuesday, will hit the US market priced at $999 [£809] and $1,099, the same price as their predecessors, the iPhones XS and XS Max
  
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• The Federal Reserve must be honest about Trump's trade war

  11-09-2019 10:17 via theguardian.com
  US central bank risks reputation with Americans if it pulls its punches with the White HouseWilliam Dudley, the immediate past president of the Federal Reserve Bank of New York, recently stirred up a hornet’s nest when he called for the Fed to consider the impact of its policies on the 2020 presidential election. In fact, Dudley performed a valuable public service by observing that Fed policy can influence politics, sometimes with profound implications for the course of the US. But that do
  
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• California passes landmark gig economy workers’ rights bill

  11-09-2019 10:06 via theguardian.com
  Law would make it more difficult for firms such as Uber to deny workers are employees Lawmakers in California have passed a landmark bill that would make it much more difficult for companies such as Uber and Lyft to classify workers as independent contractors rather than employees.The bill, which paves the way for workers in the so-called gig economy to get holiday and sick pay, has garnered attention across the US and beyond, largely owing to the size of California’s workforce. Several De
  
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• Tenants complain over housing association’s ‘abysmal’ service

  11-09-2019 08:00 via theguardian.com
  Inhabitants of L&Q estate say they face leaking roofs, poor plumbing and unreliable maintenanceI have part ownership of a flat at an L&Q development, Harrington Court in north London. Since moving in two years ago with my young family, we have experienced mismanagement of the estate and abysmal customer service from L&Q. Tenants have endured leaking roofs, falling roof tiles, incorrectly fitted floor tiles and poorly installed plumbing. The fortnightly garden maintenance visits we pa
  
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• Ethiopia’s vintage taxis near the end of the road

  11-09-2019 08:00 via theguardian.com
  The country’s taxi drivers are proud of their mid-century Peugeots, but parts are increasingly hard to come by, while modern fuel-efficient cars are out of reach for mostWords and pictures by Duncan MooreLeaving Addis Ababa’s Bole International Airport airport, the first things to stand out are the taxis. Cruising the city’s streets alongside newer car models imported from Asian imports is a sizeable population of sky blue, mid-century Peugeot 404 and 504s. Due in part to high
  
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• Jack Dorsey's $26bn company claims San Francisco owes it $1m

  11-09-2019 03:23 via theguardian.com
  Square, the Twitter CEO’s payment company, sues for refund and claims current taxation is ‘unconstitutional’Jack Dorsey, whose company Twitter has long benefited from a huge tax break to operate in San Francisco, is now suing the city for a $1.27m tax refund for his company Square.Attorneys for Square, a $25.9bn payment processing company, filed the lawsuit last week, alleging that “the city’s tax as applied to Square is unconstitutional”. Continue reading...
  
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• Retailers call for action as high street store closures soar

  11-09-2019 01:02 via theguardian.com
  Government urged to step in over crisis that has cost tens of thousands of jobsRetailers and unions are calling for urgent government action to help struggling high streets as new data shows the number of shops, pubs and restaurants lying empty is rising at the fastest pace in nearly a decade.About 16 stores closed their doors every day in the first half of 2019 while only nine opened, resulting in a net decline of 1,234 chain stores on Britain’s top 500 high streets according to analysis
  
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• Cut bailiff use for non-payment of council tax, say charities

  11-09-2019 01:02 via theguardian.com
  Councils are asked to consider vulnerable people as referrals increase in half of all English and Welsh local authoritiesThe use of bailiffs to collect council tax is continuing to increase in about half of all local authority areas in England and Wales, despite calls by anti-poverty charities for their use to be curtailed.There were more than 1.4m referrals to bailiffs for the collection of council tax last year, according to figures gathered by the Money Advice Trust charity (MAT), which has b
  
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