Financial news

• Robert Jenrick admits Israeli billionaire he had meeting with is family friend

  27-06-2020 18:16
  
  Tory minister under pressure over official meeting with Idan Ofer while considering rival mining project
  Labour has called on the beleaguered housing secretary, Robert Jenrick, to explain a ministerial meeting with a “family friend” who had a financial interest in the future of a rival mining project that Jenrick was overseeing.The Guardian revealed this week that Jenrick met the Israeli billionaire Idan Ofer while the then exchequer secretary to the Treasury was considering a reques
  
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• Why the home-working boom could tumble London's skyscrapers

  27-06-2020 17:00
  
  As UK firms opt to remain remote, the future of flagship office projects in the City and beyond could be under threat
  As England prepares to return to pubs, restaurants and cinemas next week, vast numbers of offices around the country will remain empty. And some companies are happy for it to stay that way – which poses a serious problem for multimillion pound skyscraper projects under way in the capital.London-based Bishopsgate Financial Consulting is one of a growing number of firms that
  
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• What next for the UK's deserted public transport network?

  27-06-2020 11:00
  
  Train and bus firms urgently need to find a route back to viability amid the Covid-19 crisisSince the fall of Mussolini, few politicians can have declared quite so unselfconsciously as Grant Shapps that: “I just want to make the trains run on time.” But, as the transport secretary ruefully told MPs this week: “I didn’t expect to see that happen by having a fraction of people using it.”More than 98% of services ran punctually in April, underscoring the old rail indus
  
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• Why corporate America makes an unconvincing ally against racism

  27-06-2020 10:00
  
  Corporate America joined the call against racial injustice with donations and statements of solidarity, but critics say they need to make meaningful actionsAmazon, Apple, McDonalds, JP Morgan – the biggest names in corporate America have all joined the global call for a reckoning on racial injustice in the wake of George Floyd’s brutal death at the hands of Minneapolis police last month.Corporate donations to civil rights groups– at least $1.7bn by one estimate – have bee
  
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• Want to escape the city? Here are 10 UK property hotspots

  27-06-2020 09:00
  
  More people ponder life away from cities as coronavirus makes working from home commonplaceSince the coronavirus pandemic hit, many people who used to head into the office every day have found themselves working from home. And with many companies unable to argue that it isn’t possible to operate remotely, it seems some people are hoping to make it a more permanent arrangement – meaning there is no need to live quite so close to work.An exodus from cities could be on the cards. Proper
  
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• 'Either we change or we die': the radical farming project in the Amazon

  27-06-2020 08:00
  
  A growing movement for sustainable agriculture in Brazil has taken on new urgency with the coronavirus pandemicThe cumaru trees could have been planted elsewhere in this Amazon reserve, where they had better chances of flourishing. Instead, they were planted in harsh, sandy soil in the dry savannah that breaks up the forest. Jack beans, guandu peas and other crops were planted in straw around them with cut savannah grass, for moisture and compost. “We call it the cradle,” says agrono
  
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• Huge oil discovery off Guyana raises the stakes in election fraud case

  27-06-2020 06:00
  
  If discredited president refuses to accept imminent ruling over March vote, investors likely to be scared offAllegations of mass vote fiddling in the former British colony of Guyana may lead to the country’s discredited government being ostracised unless a court hearing next week can resolve a bitter dispute over election results.The political stakes in Guyana have risen massively since May 2015 when Exxon Mobil discovered oil reserves potentially worth more than $100bn (£80bn) 200km
  
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• Facebook policy changes fail to quell advertiser revolt as Coca-Cola pulls ads

  27-06-2020 02:23
  
  Company follows Unilever’s lead after platform announces shift in how it handles hate speechFacebook has announced changes to its policies around hate speech and voter suppression, but the measures have done little to quell the wave of companies pulling advertising from the platform amid backlash over how the company handles hate speech online.The CEO, Mark Zuckerberg, on Friday announced tweaks to a number of policies, hours after the multinational Unilever said it would pull its advertis
  
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• Post Office resumes selling travel currency as UK lockdown eases

  27-06-2020 01:01 via theguardian.com
  
  Next-day delivery or collection from 11,500 branches on offer for those going on holidayPost Office has resumed selling travel currency, as the easing of lockdown rules allows Brits to start planning for overseas trips.Post Office, which handles one in four currency transactions in the UK, suspended sales in late March, but said that as resorts in Europe reopened it was time to start again. Continue reading...
  
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