Financial news

• 'Pop art iconographs': Supreme skateboards go under hammer

  19-11-2019 20:20 via theguardian.com
  
  Decks produced with Damien Hirst and Jeff Koons among those up for sale in New YorkSkateboards from the New York-based brand Supreme will go under the hammer at Christie’s next week and have been compared to the work of Marcel Duchamp and Andy Warhol.The sale includes skateboard decks produced in collaboration with contemporary artists such as Damien Hirst and Jeff Koons. Continue reading...
  
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• Boeing wins up to $6bn of orders for grounded 737 Max jets

  19-11-2019 19:47 via theguardian.com
  
  Deals for planes announced at Dubai airshow despite ban after two fatal accidentsBoeing’s 737 Max has taken centre stage at the Dubai airshow as airlines announced plans to order up to 50 of the jets worth $6bn (£4.6bn) despite a global grounding in place since March.Kazakhstan flag carrier Air Astana said it had signed a letter of intent to order 30 Boeing 737 Max 8 jets for its FlyArystan subsidiary. Air Astana, which operates Airbus and Embraer jets in its main network, said it wa
  
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• Leading thinktank calls for targeted public sector pay increases

  19-11-2019 19:45 via theguardian.com
  
  IFS says rises needs in order to compete with private sector after decade of wage restraint Targeted increases in public sector pay are needed to enable the NHS, schools, the armed forces, the police, the civil service and prisons to hold on to and hire workers in the face of competition from the private sector, a thinktank has said.The Institute for Fiscal Studies said that after a decade of wage restraint, the government now needed to respond to growing evidence of recruitment difficulties. Co
  
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• WeWork: New York attorney general investigating founder's possible self-dealing

  19-11-2019 19:43 via theguardian.com
  
  Adam Neumann departed with giant payoff as troubled workspace provider plans to lay off thousands of employees to stem lossesThe New York State attorney general is investigating WeWork, according to two people familiar with the matter, adding to a mounting series of problems that have turned the workspace provider from a Wall Street darling to a pariah in a matter of weeks. Related: Billionaires fear Warren and Sanders – but they should fear us all | Robert ReichContinue reading...
  
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• If Labour wants to rewrite the rules it needs clearer policies

  19-11-2019 19:41 via theguardian.com
  
  You can applaud some of John McDonnell’s plan but some parts are vague and others just plain oddLet’s start with the good bits in shadow chancellor John McDonnell’s speech on “rewriting the rules of our economy”. Forcing big accounting firms to split their auditing and consulting units is justified: current conflicts of interest are too great. One can applaud the push to get workers on to boards. And enhanced voting rights for long-term shareholders is an idea worth
  
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• Lidl’s 19,000 UK staff to get pay rise in line with living wage

  19-11-2019 19:13 via theguardian.com
  
  Supermarket set to top Britain’s supermarket pay league with increase worth £10m in total
  Lidl is giving its UK staff a pay rise worth £10m with a higher hourly rate likely to propel it to the top of the supermarket pay league table.The retailer said 19,000 employees would get a pay rise in March when its hourly rate would move from £9 to £9.30 outside London and from £10.55 to £10.75 in the capital. The rises match the higher rate announced by the Livin
  
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• Airbnb faces backlash in Toronto and Paris

  19-11-2019 18:24 via theguardian.com
  
  Rental company hit by clampdown in Canada and unrest in FranceAirbnb has come under fresh pressure on both sides of the Atlantic, with Toronto winning a major victory against the proliferation of “ghost hotels” and Paris denouncing a “risky” deal between the Olympic committee and the short-term rental company.After nearly two years of appeals, a tribunal in Ontario has ruled in favour of bylaws passed by Toronto, Canada’s largest city, aimed at reining in short-term
  
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• EasyJet to offset carbon emissions from all its flights

  19-11-2019 17:48 via theguardian.com
  
  Airline will also relaunch its package holiday business in wake of Thomas Cook collapseEasyJet is set to become the world’s first major airline to operate net-zero carbon flights across its entire network, after announcing it would offset all jet fuel emissions.The British budget airline said it would start offsetting all flights from Tuesday, which it said would cost about £25m in the next financial year through schemes to plant trees or avoid the release of additional carbon dioxid
  
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• Man sues Burger King for cooking vegan burger and meat on same grill

  19-11-2019 17:47 via theguardian.com
  
  Phillip Williams argues he wouldn’t have bought the burger if he’d known it was ‘covered in meat by-products’When Burger King announced the Impossible Whopper (a vegan alternative to their bestselling burger), they did so with the tagline: “100% Whopper, 0% Beef.”Turns out, the statement may have been misleading. At least, that’s what customer Phillip Williams, who is vegan, has claimed in a lawsuit filed against the fast-food giant in south Florida on M
  
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• Adapt to thrive: how to stay ahead of startups

  19-11-2019 17:02 via theguardian.com
  
  Established companies need to adapt their business models in response to evolving tech and other threats. Here’s how to embrace the kind of reinvention that secures longevity and a reputation for being cutting-edgeOf all the overused buzzwords championed by modern business, “disruption” is arguably the most ominous. The word has long had negative connotations – better suited to describing train delays, unruly schoolchildren or full-on social disorder. But its co-option by
  
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• From classrooms to cars: when digital savviness trumps tech fads

  19-11-2019 17:00 via theguardian.com
  
  Businesses can avoid innovation just for innovation’s sake by having a strong sense of purpose. We take a look at some of the trailblazersIt seems almost obligatory these days for businesses to refashion themselves as tech companies. Products or services are reimagined as “digital solutions” with little regard to whether a digital solution is even actually necessary. As a result, businesses can end up adopting tech just for tech’s sake.This is why it can be so instructive
  
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• Lloyd's of London takes to City pubs to stamp out bad behaviour

  19-11-2019 15:04 via theguardian.com
  
  Staff survey spurs insurance market to put ads in bars to stop sexual harassment and bullyingInsurance market Lloyd’s of London will plaster City pubs with posters urging workers to report inappropriate behaviour, after nearly 500 of its underwriters and brokers said they witnessed sexual harassment in the past year.It is part of the 333-year-old institution’s efforts to stamp out bullying and harassment across the insurance market, which had been criticised by the shadow City minist
  
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• Unions seek talks after Tata Steel shock plan to cut 3,000 jobs

  19-11-2019 14:33 via theguardian.com
  
  Concern at Port Talbot plant as company announces it will be reducing European workforceUnions have sought urgent talks with Tata Steel after the owner of the Port Talbot steelworks shocked workers with plans to cut 3,000 jobs across Europe.The announcement, the latest sign of the difficulties facing the steel industry, was made late on Monday night without any consultation with worker representatives in the UK. Continue reading...
  
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• Labour would rewrite rules of UK economy, says John McDonnell

  19-11-2019 13:04 via theguardian.com
  
  Shadow chancellor criticises corporate excess but rules out windfall tax on oil and gas firmsLatest election news – live updatesJohn McDonnell has promised that a Labour government would “rewrite the rules of our economy” as he announced proposed reforms to business regulation that he said would help workers “take back control”.In a speech that made a series of attacks on corporate excess, the shadow chancellor declined to confirm that Labour is planning a windfall
  
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• Labour’s programme is reasonable, not radical – more Scandinavia than Venezuela | Tom Kibasi

  19-11-2019 10:00 via theguardian.com
  
  Utilities and rail are public-owned across Europe. South Korea has full-fibre coverage. This is a plan to mend capitalism, not end itIn the turbulence of British politics of recent years, the old rules appear to have been shattered. They were, it turns out, mere articles of faith whose origins were mystic rather than objective, reflecting the biases of their proponents more than the reality of politics. From the Brexit referendum to the popularity of public ownership to the 2017 general election
  
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• Bill Gates backs startup using sunlight to create 1,000C-plus heat

  19-11-2019 09:58 via theguardian.com
  
  Heliogen uses mirrors to concentrate solar energy that can power heavy industryBill Gates is backing a new venture which aims to turn sunlight into a source of heat exceeding 1,000C that could help replace fossil fuels.The world’s richest man is joining investors behind Heliogen, the first company to concentrate sunlight to reach temperatures that are high enough to power heavy industry without carbon emissions. Continue reading...
  
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• Direct Line won’t renew my insurance after a local break-in

  19-11-2019 08:00 via theguardian.com
  
  It turned out to be because a neighbour’s cars had been stolen using keys taken from their houseWe have just been sent a letter by Direct Line telling us that it is not prepared to renew our home insurance as our property no longer meets its “risk requirements”. We have had no claims on the household insurance, hold two car policies with Direct Line, have no financial problems and live at the top of a steep hill.Continue reading...
  
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