Financial news

• Amazon workers threaten strike in New York ahead of holidays

  13-12-2024 18:03 via theguardian.com
  
  If company fails to meet deadline, it could lead to Amazon’s first large-scale unfair labor practice strike in the USAmazon workers in New York have set a deadline for Sunday 15 December demanding the company agree to begin bargaining a first union contract with the union or else workers at the warehouse, along with other Amazon workers around the US, will begin an unfair labor practice strike.Amazon workers at the JFK8 warehouse in Staten Island, New York, made history in March 2022 when
  
  Read more

• This economist says the US needs price controls to tackle inflation: ‘We need to dare to think outside the box’

  13-12-2024 17:48 via theguardian.com
  
  Isabella Weber says economists must design policies that people feel make their lives better – or the US could slide toward fascismAs Donald Trump has pointed out, the price of groceries was one of the determining factors in his election win. But there was a moment when Kamala Harris led that debate.When Harris rolled out her economic platform in August, a new proposal captured the public’s attention: a federal ban on price gouging for food and groceries. Though many voters seemed to
  
  Read more

• UK joins Italy and Japan to develop British fighter jet to rival America’s F-35

  13-12-2024 14:30 via theguardian.com
  
  Joint-venture hailed as a ‘pivotal moment’ for the international aerospace and defence industryPlans to develop a sixth-generation British fighter jet to rival America’s have taken a step forward with a deal to form a new company comprising defence and aerospace firms from the UK, Italy and Japan.BAE Systems, Italy’s Leonardo and Japan Aircraft Industrial Enhancement Company (JAIEC), which each hold a third of the as-yet-unnamed joint-venture is expected to be established
  
  Read more

• October GDP figures 'disappointing', says Rachel Reeves – video

  13-12-2024 13:36 via theguardian.com
  Britain’s economy shrank by 0.1% in October, underlining the scale of Labour’s challenge to get the economy growing. Figures from the Office for National Statistics showed the unexpected fall in GDP was driven by declines in construction and production, while the dominant services sector stagnated. Economists, polled by Reuters, had expected the economy to grow by 0.1%. It follows a decline of 0.1% in September and sluggish growth of 0.1% in the third quarter of the year, according t
  
  Read more

• Advertisement

• Boohoo says Frasers can have seat on board – but not Sports Direct founder Mike Ashley

  13-12-2024 13:10 via theguardian.com
  
  Fast fashion retailer offers largest shareholder a seat on its board - but not Frasers' founder AshleyBoohoo has offered its largest shareholder, Frasers Group, a seat on its board – but not for the retail tycoon Mike Ashley, Frasers’ founder.The fast fashion retailer said on Friday it was willing to have “constructive” talks about Frasers joining its board. But it said current nominees Ashley and Mike Lennon, a restructuring expert, would have “irreconcilable confl
  
  Read more

• ‘Inequality street’: analysis reveals fewer favourites in Christmas chocolate selections

  13-12-2024 13:00
  
  Guardian study confirms fan suspicions that show green triangle typically one of the rarest chocolates, with shrinkflation adding further insult to injurySharing a tub of Quality Street, Celebrations or Roses is a tradition in millions of households at Christmas but do you ever feel shortchanged by the mix of sweets? Welcome to “Inequality Street”, where prized treats like the green triangles and Maltesers are in short supply but there’s a bounty of Milky Ways and orange cremes
  
  Read more

• Elon Musk’s six major conflicts of interest with the federal government

  13-12-2024 13:00 via theguardian.com
  
  As co-chair of Trump’s ‘Department of Government Efficiency’, the world’s richest man is likely to get richerThe Federal Advisory Committee Act says in plain language that an advisory committee – as Elon Musk proposes the “Department of Government Efficiency” to be – must ensure that its recommendations are not biased by any special interest.Yet, Musk, the richest man on Earth, has a wider and deeper range of potential conflicts of interest with th
  
  Read more

• Why does McKinsey still get hired? | Peter O'Toole

  13-12-2024 12:00 via theguardian.com
  
  The famed consulting firm is expected to pay a $600m settlement over its role in the US opioid crisis. But the company’s problems don’t start thereIn late 2005, I was in a Tokyo meeting room with some top GE executives. As the company’s corporate director of public relations at the time, I was helping sort through a corporate initiative we were planning to announce with some important Japanese customers. A few minutes later, a handful of people I’d never met came into the
  
  Read more

• Advertisement

• Miliband pledges no blackouts under Labour’s ‘unstoppable’ renewable energy shake-up

  13-12-2024 11:48 via theguardian.com
  
  ‘Clean power 2030’ plan will speed up planning and give energy secretary final say on major infrastructure projectsThe UK will not face blackouts under Labour’s proposed shake-up of energy supply, Ed Miliband has said, as he unveiled plans to boost clean power by the end of the decade.The energy secretary insisted the transition away from fossil fuels was “unstoppable.” Continue reading...
  
  Read more

• UK’s economy shrinks unexpectedly by 0.1% in October

  13-12-2024 10:34 via theguardian.com
  
  GDP figures underline scale of challenge for Labour to get the economy growingBritain’s economy shrank by 0.1% in October, underlining the scale of Labour’s challenge to get the economy growing.Figures from the Office for National Statistics showed the unexpected fall in GDP was driven by declines in construction and production, while the dominant services sector stagnated. Continue reading...
  
  Read more

• Labour dealt blow as UK economy shrinks unexpectedly in October

  13-12-2024 08:14 via express.co.uk
  
  The economy remained in a reverse gear in October, according to official figures by the Office for National Statistics.
  
  Read more

• State pensioners warned triple lock 'needs to be changed'

  13-12-2024 06:00 via express.co.uk
  
  It will give a 4.1 percent boost to payments next year.
  
  Read more

• Consumer confidence remains low as ‘uncharitable view’ of UK economy persists

  13-12-2024 06:00 via theguardian.com
  GfK survey shows room for optimism on personal finances but people thinking twice about big-ticket purchasesConsumer confidence remained suppressed in December amid the “continuing uncharitable view on the UK’s general economic situation”, a survey suggests.GfK’s long-running consumer confidence index increased by one point to minus 17 in December as forecasts for personal finances moved into positive figures at one to three points higher than this time last year. Continu
  
  Read more

• Can billionaire media moguls be trusted in Trump’s America? | Emily Bell

  13-12-2024 06:00 via theguardian.com
  
  The new gatekeepers use ‘trust’ to discredit the press and talk about removing bias with AI - distracting us from their own shift to the rightIf we want to know what news organisations will look like under the second Trump administration in America, well, we are beginning to get an idea. At the Dealbook conference in New York last week, Jeff Bezos, the owner of the Washington Post and multi-billionaire founder of Amazon, gave a very favourable assessment of Donald Trump’s upcom
  
  Read more

• Energy expert urges Brits to 'maximise' radiator heat with simple cost-free method

  13-12-2024 05:09 via express.co.uk
  
  Ensuring all of your radiators are working at 'maximum' efficiency can give you every ounce of heat your energy bills are charging you for
  
  Read more

• UK households warned to unplug 7 appliances that cost the earth on standby

  13-12-2024 04:00 via express.co.uk
  
  Energy prices are still extremely high and these 7 standby appliances are costing you the earth too.
  
  Read more

• Exact dates as Nationwide to give customers free £100 cash

  13-12-2024 04:00 via express.co.uk
  
  Nationwide, the world's biggest building society, said it is sharing some of its profits with its customers.
  
  Read more

• Lloyds Bank seven-day warning over 'locked' accounts as customer told 'don't swear at us'

  13-12-2024 02:02 via express.co.uk
  
  A customer hit out at the bank as they couldn't access their savings account.
  
  Read more

Follow @financialnwsUK on Twitter!