Goldman Sachs to pay $3bn to settle charges over role in 1MDB scandal verified_publishercityam.com - Anna Menin
Car buyers face £1,900 additional cost in case of no-deal Brexit verified_publisherThe Guardian - Jasper Jolly
Business (UK) City law firms enjoy bumper year for revenues verified_publishercityam.com - Angharad Carrick London’s legal market has solidified its position as one of the City’s most resilient sectors after a year of strong financials and high pay …
Reuters UKUnited Kingdom 12 million people in Britain will struggle to pay bills, watchdog says verified_publisherReuters UK - Reuters StaffBy Reuters Staff 3 Min Read LONDON (Reuters) - Some 12 million people in Britain are likely to struggle with bills and loan repayments as the COVID-19 pandemic continues to wreak economic havoc, a Financial...
Personal Finance (UK) Job Support Scheme 'a lifeline' for firms but unions warn millions will lose out verified_publishermirror.co.uk - Emma Munbodh Rishi Sunak has unveiled a raft of new job support measures, including emergency grants for businesses who are unable to properly trade due to Tier 2 …
Reuters UKMcAfee McAfee Corp shares fall 7% in Nasdaq debut verified_publisherReuters UK - Reuters StaffBy Reuters Staff 2 Min Read Slideshow ( 2 images ) (Reuters) - Shares of McAfee Corp MCFE.O fell 7% in their market debut on Thursday, marking a disappointing opening for the cyber security firm after...
Business (UK) Gap looks at closing stores in the UK and rest of Europe - CityAM verified_publishercityam.com - Reuters American fashion retailer Gap is considering closing stores in the UK and some other European countrie. The clothing chain is trying to save cash …
The GuardianEurope US retailer Gap considering closure of all Europe stores and UK warehouse verified_publisherThe Guardian - Sarah ButlerThe American fashion chain Gap is considering closing all of its 129 company-owned stores in Europe and a distribution centre in Rugby next year, potentially putting hundreds of jobs at risk. The company,...
FortuneBitcoin Bitcoin surges to a 2020 high on PayPal’s embrace verified_publisherFortune - Jeff John Roberts, Nicolas Rapp Bitcoin broke the $13,000 mark on Wednesday, hitting its highest price since June 2019. The latest surge has come as part of a bull run driven in …
FortuneTesla Tesla shares pop after a big earnings beat—but its jump to the S&P 500 is hardly a ‘sure thing’ verified_publisherFortune - Anne Sraders Tesla shares were rewarded for another quarter of profitability, though concerns remain about the company's reliance on the sale of regulatory …
Business InsiderUnilever Booming sales of Ben & Jerry's, mayonnaise, and skin cleansers during lockdown help Unilever smash analyst expectations verified_publisherBusiness Insider - Grace DeanPeople bought more Ben & Jerry's, mayonnaise, and skin cleansers in lockdown, Unilever said in an earning release on Thursday, fueling better-than-expected sales growth at the consumer goods giant. Shoppers...
Seeking AlphaGoldman Sachs Goldman Sachs to pull back exec pay after 1MDB fines - WSJ (NYSE:GS) verified_publisherSeeking Alpha - Liz Kiesche Goldman Sachs (GS +0.7%) will claw back millions of dollars from its top executives in the wake of costly settlements to resolve government …
ReutersTesla Tesla's release of new 'self-driving' software closely watched by U.S. regulator verified_publisherReuters - By Tina Bellon and David Shepardson(Reuters) - The U.S. auto safety regulator on Thursday said it was closely watching Tesla Inc's (TSLA.O) release of a software version intended to allow its cars to drive themselves, saying it stood ready...
Rishi Sunak Rishi Sunak warns 'saving lives' must be balanced against protecting the economy verified_publishermirror.co.uk - Dan Bloom "Saving lives" from coronavirus must be balanced against the economy, Rishi Sunak said today in starkest warning yet about the choices facing the …
Business InsiderHideo Kojima The creator of the legendary 'Metal Gear' franchise just announced a new game verified_publisherBusiness Insider - Ben GilbertThe studio behind "Death Stranding," led by the legendary creator of the "Metal Gear" franchise, is working on a new project. Kojima Productions announced as much in a tweet on Thursday morning. "#KojimaProductions...
Business InsiderBitcoin UK fintech Mode jumps 9% on joining the Bitcoin bonanza, following the lead of US tech firms Square and Microstrategy Business Insider - Theo Golden,Shalini NagarajanMode, a digital banking app that has adopted Bitcoin as part of its treasury management strategy. UK-based fintech Mode Global Holdings will convert 10% of its cash reserves into Bitcoin, becoming the...
The VergeDisney+ Sony confirms Disney Plus, Netflix, and Twitch will be on the PS5 at launch verified_publisherThe Verge - Taylor LylesIf you are planning to use your PlayStation 5 for more than just gaming — whether that’s to stream movies and TV shows on Netflix or play music on Spotify — you’ll be happy to know that Sony’s next-gen...
The GuardianDorset, UK London landlord Shaftesbury to raise £300m as Covid losses mount verified_publisherThe Guardian - Joanna PartridgeShaftesbury, the central London landlord that owns Chinatown and swathes of Soho and Covent Garden, has announced emergency plans to raise almost £300m to help it survive the coronavirus crisis as tourists...
Seeking AlphaIBM IBM, Alibaba, and Huawei sign on to help Saudi Arabia's AI push verified_publisherSeeking Alpha - Brandy Betz IBM (NYSE:IBM), Alibaba (NYSE:BABA), and Huawei have each signed a memorandum of understanding with Saudi Arabia's artificial intelligence authority. …
FortuneHuawei A possible semiconductor shortage looms over Huawei’s new smartphone launch verified_publisherFortune - Naomi Xu Elegant Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Chinese …
Labor Economics US jobless benefit claims push lower and labour market momentum slowing - CityAM verified_publishercityam.com - Reuters The number of Americans filing jobless benefit claims declined more than expected last week. However, they remain extremely high indicating a slowdown …
Guinness Guinness launches new alcohol-free stout which has around 70 calories per can metro.co.uk - Lizzie Thomson At some point in our lives, we’ve all heard someone in our local boozer rattle on about how ‘Guinness is good for us.’ Well now it really is, as the …
Reuters UKManufacturing UK manufacturing decline abates in October: CBI survey verified_publisherReuters UK - Reuters StaffBy Reuters Staff 2 Min Read LONDON (Reuters) - British manufacturing orders fell in October but by the smallest amount since March, according to a survey on Thursday that showed an improvement in expectations...
Transport for London Businesses urge ministers not to raise cost of London transport standard.co.uk - JIM ARMITAGE Businesses across London have urged ministers and the Mayor to strike a deal to stop public transport prices surging in the capital, warning big …
Cineworld Cineworld screens AlixPartners for talks on $8bn debt pile sky.com - Mark Kleinman Cineworld Group has drafted in a team of City advisers to help steer it through talks about a restructuring of its vast debt mountain amid doubts …
Associated PressUnemployment US jobless claims drop to 787,000, but layoffs remain high Associated PressWASHINGTON (AP) — The number of laid-off Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels....
Avatar Australia NewsJames Packer James Packer and Crown save directors from shareholder revolt over NSW inquiry verified_publisher Australia News - Anne DaviesMinor shareholders have delivered a stinging rebuke to the Crown Resorts board, voting strongly against the re-election of three directors and delivering a “first strike” against the remuneration report,...
Reuters UKCoal Miner Anglo keeps most production targets after third-quarter dip verified_publisherReuters UK - Tanisha Heiberg3 Min Read JOHANNESBURG (Reuters) - Anglo American Plc AAL.L on Thursday kept most of its production targets, saying it was operating at about 95% of normal capacity as it posted a year-on-year fall in...
Working From Home Working from home under COVID restrictions this winter will increase harmful emissions, study finds sky.com - Lisa Holland New lockdowns are predicted to have a significant impact on emissions caused by staying at home this winter. The Energy and Climate Intelligence Unit …
BloombergHong Kong Hong Kong Consumer Prices in Worst Deflation Run Since 2009 verified_publisherBloomberg - Eric Lam Hong Kong’s consumer prices contracted for a third month in September, matching the longest deflationary stretch in more than a decade largely …
Associated PressTesla Tesla posts net profit for fifth straight quarter Associated PressDETROIT (AP) — Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker said Wednesday...
Reuters UKHospitality Swathe of UK hospitality firms see risk of insolvency: ONS verified_publisherReuters UK - Reuters StaffBy Reuters Staff 2 Min Read LONDON (Reuters) - More than a third of British hospitality companies are at risk of going bust, according to a survey on Thursday that suggested more support will be needed...
