Financial news

• Con victims fall under the ‘spell’ of scammers and will do anything asked of them

  03-11-2023 23:01 via express.co.uk
  
  EXCLUSIVE: Scammers are trapping people by putting them under "The Spell" - a grip so tight that spellbound victims will do anything asked of them.
  
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• Matthew Perry’s ex spotted with their dog after paying tribute to the late Friends star

  03-11-2023 20:27 via express.co.uk
  
  Matthew Perry's former fiancée, Molly Hurwitz, was spotted for the first time since the Friends star's tragic death.
  
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• ‘I feel trapped’: readers on the distress caused by noisy neighbours

  03-11-2023 17:57
  
  As Mark Pearce’s death highlights issue of unwelcome noise, Guardian readers share stories and an expert offers advice“When the noise is really bad, my whole building shakes. I can feel the vibrations through the floorboards – and this is two floors up.” For years, Bianca’s life in her central London council flat has been made miserable by one extremely noisy neighbour.They may not share a wall, but thanks to the man’s “massive” sound system and fr
  
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• 'I've missed out on £23,000 state pension since moving abroad'

  03-11-2023 17:03 via express.co.uk
  
  Mr Sanguinetti is one of hundreds of thousands of British expats receiving what is known as a "frozen pension".
  
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• Full list of energy providers offering £150 help with bills to customers this winter

  03-11-2023 15:40 via express.co.uk
  
  Around 2.5million households are eligible for £150 discount via the Warm Home Discount scheme.
  
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• Court rejects Ivanka Trump argument she is too busy to testify during school week

  03-11-2023 15:36
  
  Court rejects claim she was too busy raising her children to fly to New York to testify in the $250m fraud trialIvanka Trump’s argument that she should be spared giving midweek testimony in her father Donald Trump’s civil fraud trial in New York because she is a busy mother of school-aged children in Florida was given short shrift by an appeals court.The former president’s daughter, a senior adviser during his single term of office, asked the panel to set aside a ruling by a di
  
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• 'I earn £100 a month through side hustle that doesn't feel like work at all'

  03-11-2023 15:22 via express.co.uk
  
  Louisa Clack runs her own business and would like to expand her side hustle so she spends three dogs a week with the pooches.
  
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• Former Wilko staff urge MPs to question owners over collapse

  03-11-2023 15:15
  
  Wilkinson family reportedly took £77m in dividends in decade before retailer’s closure, including £9m since 2019Business live – latest updatesUK politics live – latest updatesFormer employees of Wilko have called on MPs to hold the Wilkinson family, which owned the company, to account over the collapse of the budget retailer this year.The GMB union, which represents thousands of former Wilko staff, has written to Liam Byrne MP, the newly elected Labour chair of parl
  
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• Amazon and Facebook owner Meta agree to protect consumers, CMA says

  03-11-2023 15:07
  
  Sites agree to stop practices that give them an unfair advantage over businesses and shoppersThe UK’s competition watchdog has said it has secured commitments from Amazon and the Facebook owner Meta to protect consumers on their marketplaces.The agreements come after the Competition and Markets Authority (CMA) launched separate investigations into Amazon, which sells its own products and allows sellers to retail via its online marketplace function, and Meta, which owns Facebook Marketplace
  
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• Women losing out as couples try to divorce ‘on the cheap’

  03-11-2023 14:43
  
  Financial security of women in England and Wales put at risk by failure to seek professional adviceWomen are losing out on fair divorce settlements because couples are trying to divorce “on the cheap”.Research has found that most couples have so few assets that the vast majority try to save money by sorting out key arrangements themselves, including agreeing housing, pensions and ongoing maintenance. Continue reading...
  
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• Ivanka Trump must testify in Trump Organization fraud trial, court rules

  03-11-2023 14:37
  
  Court rejects claim she was too busy raising her children to fly to New York to testify in the $250m fraud trialIvanka Trump’s argument that she should be spared giving midweek testimony in her father Donald Trump’s civil fraud trial in New York because she is a busy mother of school-aged children in Florida was given short shrift by an appeals court.The former president’s daughter, a senior adviser during his single term of office, asked the panel to set aside a ruling by a di
  
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• Pineapple leaf tea and potato peel soup: five ways to cut food waste

  03-11-2023 14:07
  
  Cut shopping bills, landfill and carbon emissions by using up peelings and stems where possibleWith their spiky crowns of leaves, pineapples are about as close as you can get to a tropical paradise while doing the weekly shop – but now Sainsbury’s has begun selling the fruit shorn of its exotic plumage, all in the name of cutting food waste.With the fruit’s hardy leaves usually ending up in the bin or a food waste caddy, the move shines a spotlight on waste in the home. So coul
  
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• US jobs report weaker than expected; UK economy ‘flirting with recession’, economists say – business live

  03-11-2023 13:51
  
  US economy adds 150,000 jobs in October and previous months are revised lowerThinning maize supplies in Argentina placed upward pressure on world maize prices, but this was capped by higher seasonal supplies in the United States, where the harvest progressed, and strong export competition from Brazil, the FAO said.As for vegetable oils, a slight fall in that price index mainly reflected lower world palm oil prices, more than offsetting higher prices of soy, sunflower and rapeseed oils. Continue
  
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• UN to seek assurances UK will not renege on net zero pledge

  03-11-2023 12:17
  
  Concerns ahead of Cop28 climate summit that Rishi Sunak among leaders backsliding on green measuresThe UN secretary-general, António Guterres, will be seeking assurances from the UK that there will be no reneging on climate promises, after Rishi Sunak’s rowing back on green measures.The UN is concerned that countries may be backsliding on pledges to cut greenhouse gas emissions sharply, to limit global temperature rises to 1.5C above pre-industrial levels. Continue reading...
  
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• Economists say UK economy ‘flirting with recession’, global food prices fall further – business live – business live

  03-11-2023 12:05
  
  Optimism at UK services firms sinks to lowest this year; UN index shows prices for sugar, wheat, rice and meat are down but dairy is upThinning maize supplies in Argentina placed upward pressure on world maize prices, but this was capped by higher seasonal supplies in the United States, where the harvest progressed, and strong export competition from Brazil, the FAO said.As for vegetable oils, a slight fall in that price index mainly reflected lower world palm oil prices, more than offsetting hi
  
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• US states invest $300m in Israeli bonds since start of Israel-Hamas war

  03-11-2023 12:00
  
  Majority of funds comes from states with officials belonging to conservative group that has attacked ‘political’ investmentsAmerican states have announced $300m in Israeli bond purchases in the past four weeks, throwing their financial weight behind the country’s government as its war with Hamas escalates.The majority of the money comes from states with senior financial officials who are members of a conservative group that has railed against the “politicization” of
  
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• When Musk met Sunak: the prime minister was more starry-eyed than a SpaceX telescope | Marina Hyde

  03-11-2023 11:44
  
  As a man soon out of a job, perhaps Rishi Sunak sat dreaming of his own future in Silicon ValleyA few weeks ago, Elon Musk was begging Taylor Swift to release some concert videos on his X platform, but she weirdly seems to have gone ahead with her plan to release the film of her Eras tour directly into movie theatres, foolishly making it by far and away the highest grossing concert film ever, with opening numbers similar to the last Marvel movie. Sad, really, when you think it could have been a
  
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• Maersk to cut 10,000 jobs as shipping demand drops

  03-11-2023 11:02
  
  Danish firm has axed 6,500 of those roles already as global economic slowdown takes tollOne of the world’s largest shipping companies, Møller-Maersk, is slashing 10,000 jobs because of a drop in demand triggered by the global economic slowdown.The Danish company said it had already started cutting staff but was planning on “intensifying” cost-saving measures in order to safeguard its financial performance as price forecasts worsened. Continue reading...
  
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• Global food prices drop but at a slower pace, stock markets heading for strongest week in a year – business live

  03-11-2023 10:27
  
  UN index shows prices for sugar, wheat, rice and meat are down while dairy products went up in priceThinning maize supplies in Argentina placed upward pressure on world maize prices, but this was capped by higher seasonal supplies in the United States, where the harvest progressed, and strong export competition from Brazil, the FAO said.As for vegetable oils, a slight fall in that price index mainly reflected lower world palm oil prices, more than offsetting higher prices of soy, sunflower and r
  
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• Global stocks heading for strongest week in a year as investors bet on end of interest rate hikes – business live

  03-11-2023 09:54
  
  Markets wait for US jobs data while UN global food index and Bank of England speeches are also in focusThe world’s largest asset manager expects US borrowing costs to hover around 5.5% for the next five years as the central bank and investors grapple with inflationary pressures.Ten-year Treasury yields are at 4.67%, but Jean Boivin, head of the BlackRock Investment Institute and a former deputy governor of the Bank of Canada, said markets were heading for higher long-term borrowing costs.
  
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• Global stocks headed for strongest week in a year as investors bet on end of interest rate hikes – business live

  03-11-2023 09:12
  
  Markets wait for US jobs data while UN global food index and Bank of England speeches are also in focusThe Danish shipping giant A.P. Moller-Maersk is to cut 10,000 jobs, after posting a steep drop in profits and revenue in the third quarter, as it battles with lower freight rates and lower demand for container shipping.The Danish company now expects to revenues and operating profits to come in at the lower end of its forecast range.Our industry is facing a new normal with subdued demand, prices
  
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• Sunak, Musk and AI: what we learned from the Bletchley Park summit

  03-11-2023 08:36
  
  The PM held his passion project get-together in the UK to understand the risks and rewards of AI – what did we learn?Sign up here for our daily newsletter, First EditionIn some ways the last two days have marked a real move forward in AI regulation. There is now an explicit consensus to take on an international shared responsibility. There are plans for further meetings in South Korea and France over the next year to continue the conversation surrounding risks posed by AI. However, critics
  
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• Tech firms to allow vetting of AI tools, as Musk warns all human jobs threatened

  03-11-2023 08:16
  
  ‘There will come a point where no job is needed’, says Elon Musk, who predicts ‘AI will be able to do everything’The most advanced technology companies will allow governments to vet their artificial intelligence tools for the first time, Rishi Sunak has announced, as Elon Musk warned the technology could eventually replace all human jobs.Companies including Meta, Google DeepMind and OpenAI have agreed to allow regulators to test their latest AI products before releasing t
  
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• Tech firms to allow vetting of AI tools, as Musk warns all human job threatened

  03-11-2023 08:16
  
  ‘There will come a point where no job is needed’, says Elon Musk, who predicts ‘AI will be able to do everything’The most advanced technology companies will allow governments to vet their artificial intelligence tools for the first time, Rishi Sunak has announced, as Elon Musk warned the technology could eventually replace all human jobs.Companies including Meta, Google DeepMind and OpenAI have agreed to allow regulators to test their latest AI products before releasing t
  
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• Homes in historic castles for sale – in pictures

  03-11-2023 08:00
  
  From a townhouse for an aristocratic family to one of only a handful of vast ‘calendar houses’ in the country Continue reading...
  
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• ‘Designed to distress and deter’: the impact of Slapp lawsuits on journalists and free speech

  03-11-2023 08:00
  
  Individuals and campaigners tell of damage done by powerful people using the courts to try to shut down investigative reportingEliot Higgins found out two weeks before Christmas 2021.The news came in a seven-page letter sent by lawyers acting for the head of Russia’s Wagner militia group. It informed Higgins, the founder of the Bellingcat media group, that he faced defamation proceedings in the English courts. Continue reading...
  
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• Qantas chairman heckled by shareholders at AGM as investors reject executive pay plans

  03-11-2023 06:23
  
  Shouts of ‘shame on you’ after shareholder Chris Maxworthy’s microphone cut offFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastQantas’s annual general meeting erupted with shareholders shouting “shame on you” at the board’s chairman, Richard Goyder, as investors overwhelmingly rejected the embattled company’s executive pay deal.That result, which marked one of Australia&
  
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• Sea-lice outbreak on Icelandic salmon farm a ‘welfare disaster’, footage shows

  03-11-2023 06:00
  
  Drone images of cages shot by activist reveal open sores affecting ‘up to 1m fish’. Fish producers are now culling them for animal feedImages of severely diseased, dead and dying salmon at an Icelandic fish farm, obtained by the Guardian, have been described by one veterinary expert as an “animal welfare disaster” on a scale never previously seen.The drone footage, shot last week over an open-pen sea cage in the country’s remote Westfjords region, shows salmon suffe
  
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• 'The most disruptive force in history': Rishi Sunak and Elon Musk discuss the future of AI – video

  03-11-2023 05:28
  
  The British prime minister, Rishi Sunak, had a conversation with Elon Musk for the AI safety summit at Bletchley Park. They discussed political and social impacts of the technology, with Musk labelling 'digital super intelligence' as 'the most disruptive force in history', and agreeing that government oversight is essentialSunak plays eager chatshow host as Musk discusses AI and politicsFive takeaways from UK’s AI safety summit at Bletchley ParkAI could pose risk to humanity on scale of nu
  
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• How oligarchs use English courts to silence their critics - podcast

  03-11-2023 04:00
  
  Use of Slapps by the super-rich against journalists is increasingly common, and campaigners say new legislation to deter such actions does not go far enoughThey are called Slapps and for reporters who receive them, they can feel aptly named. Strategic lawsuits against public participation are said by campaigners to be the type of legal action brought by the very wealthy with the aim of silencing journalists. They are, by their nature, an abuse of the system.As the Guardian’s Juliette Garsi
  
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• Sam Bankman-Fried found guilty of defrauding FTX customers out of billions

  03-11-2023 02:22
  
  The prosecutor said that ‘while the cryptocurrency industry might be new … this kind of corruption is as old as time’Sam Bankman-Fried, the founder of now-bankrupt crypto exchange FTX, was found guilty on all counts of defrauding his customers on Thursday in Manhattan federal court.The one-time mogul stood with his hands clasped facing the jury as he was found guilty on seven counts of wire fraud and conspiracy to launder money. He faces decades in prison at a sentencing heari
  
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• Food retailers enlist celebrities as Christmas ad rivalry moves online

  03-11-2023 01:09
  
  Marks & Spencer signs up Ryan Reynolds and Rob McElhenney, Waitrose hires Graham Norton and Rick Astley rolls in for Sainsbury’s as shops vie for digital influence Food retailers have recruited an army of celebrities with internet clout for their festive advertising campaigns as they battle for digital influence this Christmas and try to tap into a burgeoning market for partying at home.Marks & Spencer has signed up Ryan Reynolds and Rob McElhenney, the US actors whose purchase of
  
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