Financial news

• The former deputy governor takes us inside the RBA - podcast

  04-10-2024 22:00 via theguardian.com
  
  Guardian Australia’s political editor Karen Middleton speaks with economist and former deputy governor of the Reserve Bank, Guy Debelle. They discuss how the board makes decisions about the economy and the pressure they face in taking all sides into account Continue reading...
  
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• Executive resigns at Trump Media, Truth Social’s parent company

  04-10-2024 19:56 via theguardian.com
  
  COO Andrew Northwall last month left the company that now owes almost 800,000 shares to an investorUS politics – live updatesThe chief operating officer of Truth Social’s parent company has resigned, and the company must hand over almost 800,000 shares to one of its investors as part of a court ruling, according to a regulatory filing.Andrew Northwall, the former COO, resigned from Trump Media & Technology Group Corp late last month, according to the Securities and Exchange Commi
  
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• Meta announces new AI model that can generate video with sound

  04-10-2024 18:55 via theguardian.com
  
  Facebook owner claims Movie Gen can create realistic-seeming video and audio clips that rival competitors’Meta, the owner of Facebook and Instagram, announced on Friday it had built a new artificial intelligence model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs.Samples of Movie Gen’s creations provided by Meta showed videos of animals
  
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• Do you need a 20% deposit, and how important is location, really? Experts give their views on seven property myths

  04-10-2024 18:06
  Get clarity on the property-buying process as experts separate fact from fictionBuying a property can be a brain-boggling process. Once you’ve found the sweet spot where your desires and your budget overlap, there’s the process to contend with – one that begins before you’ve even set foot in a property. And there are myths aplenty, which can make things a whole lot murkier. Getting clear on what’s really important can go a long way, which is why we’ve gathered
  
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• Starmer pledges to avoid rerun of 1980s deindustrialisation with clean energy plans

  04-10-2024 16:40 via theguardian.com
  
  Prime minister suggests there will be more public money made available for new technologiesWhat is carbon capture, usage and storage?Keir Starmer has signalled his government will drastically increase its green investment plans in an attempt to avoid a rerun of 1980s-style industrial decline by safeguarding jobs in heartland manufacturing communities.On a visit to a Merseyside glass factory on Friday to unveil billions of pounds in funding for carbon capture and storage (CCS) projects, the prime
  
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• Losing its sparkle? The Christmas glitter backlash

  04-10-2024 16:35 via theguardian.com
  
  John Lewis launches glitter-free range amid rising concerns over its impact on the environmentThe cute tin elephant and ruby teardrop bauble will appeal to magpies sizing up the latest Christmas decor trends, but if your go-to festive look is bling then you may notice something is missing: glitter.That is the point, of course. The decorations belong to the first “glitter-free” theme in the John Lewis Christmas shop. The department store is latching on to a trend that was turbocharged
  
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• Superb just got superber

  04-10-2024 15:40 via theguardian.com
  Superber space, superber comfort, superber tech. As eight-time winner of What Car? Best Estate, you wouldn’t think Superb could get much better. Well, jump into the all-new Škoda Superb, turn on the seat massage and prepare yourself for an even superber experience Continue reading...
  
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• Outraged that some plastic you send for recycling ends up being burned? Don’t be | James Piper

  04-10-2024 15:33
  
  Recycling is, by its nature, complicated. The imperfections in the process don’t mean the whole system is a conThe process of recycling is, by its nature, complicated. We put our mix of rubbish in the right bins, and from that point onwards hope that those we entrust it to – be it local councils picking up rubbish or supermarket recycling schemes – will do the rest. If this is you, then you may be dismayed to learn that a recent Everyday Plastics report found that most soft pla
  
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• Euston station’s big advertising screens turned off after overcrowding fears

  04-10-2024 15:29 via theguardian.com
  
  Network Rail promises to turn round station after criticism from passengers and watchdogsLondon Euston’s vast advertising screens are to be switched off as Network Rail promised to turn round the station after scathing criticism from passengers and watchdogs.The garish overhead displays were installed in January after the station’s main departure information boards were removed. Continue reading...
  
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• EU leaders back extra Chinese EV tariffs despite split vote

  04-10-2024 15:01 via theguardian.com
  
  Decision opposed by five countries including Germany, where car firms say it could be ‘fatal’ blow for industryCarmakers ramp up pressure on chancellor for EV sales subsidiesEU leaders have given the green light to extra tariffs on electric vehicles from China despite opposition from five countries including Germany, where car manufacturers condemned the decision as a potential “fatal” blow for the auto industry.The European Commission – which provisionally approved
  
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• US adds over 250,000 jobs in September, defying fears of slowdown

  04-10-2024 14:40 via theguardian.com
  
  Job creation unexpectedly accelerated in September as unemployment rate slipped to 4.1%American employers added 254,000 jobs last month in the penultimate jobs report before the US election, defying fears of a slowdown in the labor market.Job creation unexpectedly accelerated in September, while the headline unemployment rate slipped to 4.1% from 4.2% in August. Continue reading...
  
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• ‘They would have just been fired’: bankers on drug- and sex-fuelled drama Industry

  04-10-2024 14:38 via theguardian.com
  
  Racy TV series is written by former banking employees and known for its attention to detail – but how realistic is it?As the latest series of acclaimed TV drama Industry returns to screens with much fanfare, eagle-eyed viewers might have spotted a cameo in episode two from what appears to be the Guardian’s business blog.While the headline on the mocked-up webpage is fictional – like everything in this account of the drug- and sex-fuelled lives of young City workers – it s
  
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• Barratt’s £2.5bn takeover of Redrow given go-ahead by UK regulator

  04-10-2024 14:29 via theguardian.com
  
  CMA accepts undertakings by both housebuilders to address concerns over a potential local competition issueThe £2.5bn acquisition by the UK’s biggest housebuilder, Barratt, of its smaller rival Redrow has been given the green light by the UK’s competition watchdog.The Competition and Markets Authority said it had decided to accept undertakings made by both companies to address its concerns over a potential local competition issue, which means the deal will not be referred for a
  
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• What is carbon capture, usage and storage?

  04-10-2024 13:19 via theguardian.com
  
  Is this method of preventing carbon emissions from entering the atmosphere a silver-bullet solution for the climate crisis?• Labour to commit £22bn to carbon capture and storageThe UK, along with many governments around the world, is placing its faith in carbon capture and storage, the technology that can keep carbon dioxide emissions from entering the atmosphere.The government has committed almost £22bn over 25 years to developing CCS in a big investment promise designed to rei
  
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• Who is Dovid Efune, leading contender to buy Daily Telegraph?

  04-10-2024 12:00 via theguardian.com
  
  Alarm among staff at potential new owner, who has backed fighting Hamas ‘with every report and headline’A little over a decade ago Dovid Efune was juggling editorship of the New York-based Jewish publication the Algemeiner Journal while also handling publicity for Israel’s first world boxing champion.Now, the owner of the New York Sun is the leading contender to buy the Daily and Sunday Telegraph, but his fighting talk about the situation in the Middle East has sparked alarm am
  
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• Homes for sale close to British woodland – in pictures

  04-10-2024 08:00 via theguardian.com
  
  From a grand seven-bedroom mansion to a fairytale cottage nestled in a remote hamlet Continue reading...
  
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• Denise Coates’ charity may have saved Bet365 more in tax than it has given to good causes

  04-10-2024 07:00 via theguardian.com
  
  Exclusive: Guardian analysis suggests foundation has reduced gambling group’s tax bill by as much as £140mA charity set up by the billionaire boss of Bet365, Denise Coates, may have saved her online gambling empire more in tax than the foundation has yet given to good causes, Guardian analysis suggests.The Coates family are among Britain’s biggest taxpayers, and contributed an estimated £376m to the exchequer in 2023 via business and personal taxes. That includes Bet365&r
  
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• Carmakers ramp up pressure on chancellor for EV sales subsidies

  04-10-2024 06:00 via theguardian.com
  
  Bosses say cost of complying with zero-emission vehicle mandate is ‘astronomical, and unsustainable’UK electric car sales hit a record high in September, even as bosses from big carmakers told the chancellor that government targets were putting too much pressure on the industry.The British industry sold 56,300 electric cars during the month, the highest on record, according to preliminary data published by the Society of Motor Manufacturers and Traders (SMMT), a lobby group. Continue
  
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• DWP triple lock alert as future of pension policy in doubt

  04-10-2024 04:30 via express.co.uk
  
  State pension payments increased 8.5 percent in April in line with the triple lock.
  
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• Nationwide issues 'important' update and says 'we're not'

  04-10-2024 04:00 via express.co.uk
  
  Nationwide has told its millions of customers about its plans for the future, following its £2.9bn acquisition of smaller rival Virgin Money.
  
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• DWP state pension age warning as rise to 70 could come in from this date

  04-10-2024 04:00 via express.co.uk
  
  The state pension age is already set to increase from the current 66 over the coming years
  
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• Today, with a £22bn pledge for carbon capture, Labour’s green revolution for Britain begins | Rachel Reeves

  04-10-2024 01:01 via theguardian.com
  
  Revitalising the country’s industrial heartlands and creating decent, well-paid jobs is at the heart of our missionRachel Reeves is the chancellor of the exchequerThree months ago, the British people voted for change. For a Britain that works for working people again, with an economy that is growing, an NHS that is fixed and more money in people’s pockets.I am determined to deliver that change. But I know it can only happen if we bring investment back to Britain. Investment that can
  
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