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Police to investigate Downing Street lockdown parties (13 minutes old)

Boris Johnson says probe will ‘help to give the public the clarity it needs’ on alleged breaking of Covid rules

Johnson rocked by new Downing Street lockdown party allegation (18 hours old)

Report of birthday event in cabinet room with 30 guests piles pressure on prime minister as publication of Sue Gray report looms

UK anti-fraud minister quits over ‘lamentable’ Covid loan oversight  (19 hours old)

Lord Agnew tells peers he is unable to defend the government’s record

Citadel Securities: how the Wall Street outsider became ‘the Amazon of financial markets’  (9 hours old)

Involved in more than 25 per cent of all US stock trades, and tipped to float, the company is the focus of SEC scrutiny

US puts 8,500 troops on alert as Nato leaders meet over Ukraine (14 hours old)

Western officials pledge to form united front against threat of Russian invasion

‘Global Britain’ seeks to show its military worth in Ukraine (9 hours old)

Security is one area where the UK remains relatively strong and unaffected by Brexit

Leon Black says former Apollo protégé conspiring to ‘destroy’ him (1 hour 18 minutes old)

Court papers claim Joshua Harris orchestrated a plot targeting the private equity kingpin after he was passed over for CEO job

Google changes course on cookies plans following advertising industry backlash (1 hour 1 minutes old)

Search giant overhauls central part of new technology designed to replace tracking files over privacy concerns

US stock futures drop after turbulent day on Wall Street (3 hours old)

European equities perk up as investors look ahead to Federal Reserve decision

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Business | The Guardian

Closing UK furlough scheme this autumn is a mistake, says NIESR (546 days old [28/07/20])

Thinktank says ending Covid-19 wage subsidy scheme from August could cost 1.2m jobsThe government closing its furlough scheme this autumn is a “mistake” that will drive up unemployment by 1.2 million by Christmas, one of the UK’s leading economics thinktanks has warned.Sounding the alarm over the mounting risk to jobs, the National Institute of Economic and Social Research (NIESR) said extending the wage subsidy scheme until the middle of next year would dramatically cut the number of redundancies across Britain and would probably pay for itself. Continue reading...

Boohoo vows to 'act decisively' on lawyers' review of UK supply chain (545 days old [28/07/20])

Retailer faced allegations that factories making its clothes in Leicester were paying workers below minimum wageThe online fashion retailer Boohoo has promised to “act decisively” on any recommendations made by lawyers investigating its UK supply chain, after it faced allegations that factories making its clothes in Leicester were paying workers below the minimum wage. So far, the company has not committed to publishing the full report.The independent review is being led by Alison Levitt QC, the former head of law firm Mishcon de Reya’s white-collar crime unit, and on Tuesday the company said [...]

Selfridges to cut 450 jobs as Covid-19 causes 'toughest year' (546 days old [28/07/20])

Redundancies at department store chain follow 700 job losses at Harrods this monthCoronavirus – latest updatesSee all our coronavirus coverageSelfridges is to cut 450 jobs across its department stores, in the latest blow to UK high street retailers hit hard by the coronavirus pandemic.The cuts represent 14% of its workforce and Anne Pitcher, group managing director, said it was the “toughest decision we have ever had to take”. Selfridges operates four department stores in the UK including its London flagship on Oxford Street, as well as a website. Continue reading...

Brexit will deliver double shock to UK economy, study finds (546 days old [28/07/20])

Exclusive: LSE report says even sectors unscathed from coronavirus crisis will be severely affectedA Brexit hit is looming for sectors that have emerged relatively unscathed from the Covid-19 pandemic, analysis by the London School of Economics suggests.The LSE report says Brexit will deliver a double shock to the economy – with business conditions worsening for those sectors that have survived the impact of coronavirus and lockdown measures – whether Boris Johnson secures a deal with the EU or not. Continue reading...

BA cabin crew warn of 'immediate' strike over plans to cut 12,000 jobs (545 days old [28/07/20])

Trade union accuses airline of setting out to fire and rehire thousands of workers on less favourable termsBritish Airways cabin crew have warned the airline to expect an “immediate” strike over plans to cut up to 12,000 jobs following the collapse in demand for air travel because of the coronavirus pandemic.Unite, the trade union which represents thousands of BA employees including cabin crew, engineers and maintenance staff, accused the airline of planning to “fire and rehire” thousands of its workers on reduced terms. Continue reading...

Billionaire bosses to feel the heat over tech giants' massive wealth and power (546 days old [28/07/20])

Extraordinary hearing will see some of the richest men in history called to account for their firms’ market dominanceSome of the richest men in history representing the most valuable companies ever created will be grilled by Congress on Wednesday , as US authorities get increasingly serious about whether tech giants Amazon, Apple, Facebook and Alphabet have become too powerful. Related: Clashes in Portland as Trump’s actions light fuse under protests in other cities Continue reading...

Hong Kong property tycoon pitches new city idea to Ireland (546 days old [28/07/20])

Ivan Ko hopes to find site between Dublin and Belfast to host 50,000 fellow HongkongersA Hong Kong property tycoon wants to build a city in Ireland to host 50,000 emigrants from the semi-autonomous city.Ivan Ko, founder of the Victoria Harbour Group (VHG), an international charter city investment company, hopes to find a 50 sq km site between Dublin and Belfast to create a new city, named Nextpolis, from scratch. Continue reading...

UK broadband users to save £270m after Ofcom price review (546 days old [28/07/20])

Regulator finds 40% of customers are out of contract and most are paying too muchMillions of customers are in line to share in savings of more than £270m a year on the cost of their broadband bills, after Ofcom reached agreement with companies on pricing changes and commitments to offer better deals when consumers’ contracts come to an end.A report released by the telecoms and media regulator found that about 40% of UK broadband customers, 8.7 million, are out of contract and most of them are paying higher prices than they could be if they struck a new deal or changed providers. On average, th[...]

BAME representation in UK's top jobs has barely risen in past three years (546 days old [28/07/20])

Colour of Power survey finds issue not addressed despite government-backed targetsThe proportion of black, Asian and minority ethnic people in some of the 1,100 most powerful jobs in the UK has barely moved over the past three years, according to a study that highlights the lack of non-white representation across key roles.Only 51 out of the 1,097 most powerful roles in the country are filled by non-white individuals, an increase of only 1.2%, or 15 people, since 2017, the Colour of Power survey by consultants Green Park and not-for-profit organisation Operation Black Vote said. Continue readi[...]

Coronavirus spurs sales surge for makers of Dettol (546 days old [28/07/20])

Reckitt Benckiser, which owns Vanish, Finish, and Harpic says it’s struggling to sate demand in parts of US and UKCoronavirus – latest updatesSee all our coronavirus coverageConsumer demand for cleaning products from Dettol to Lysol provided a pandemic sales surge for Reckitt Benckiser, although the company admitted it is still struggling to keep shelves stocked in “pockets” of the UK and US.The consumer goods group, which owns brands including Cillit Bang, Nurofen and Durex, beat market expectations with total revenues rising 11.9% to £6.9bn in the first half. Continue reading...

Guardian News and Media Limited or its affiliated companies. All rights reserved. 2020

Telecoms

Why is 5G wireless service causing problems for US airlines? (5 days old [19/01/22])

Carriers worry over interference with altimeters, but telecoms groups say there is no safety problem

Vodafone launches first 5G ‘open RAN’ site in UK (6 days old [19/01/22])

Approach allowing networks to mix and match different suppliers comes as Huawei phased out from UK

AT&T and Verizon limit 5G service near US airports after carriers’ outcry (6 days old [18/01/22])

Wireless groups frustrated with Federal Aviation Administration after airlines warn of chaos

Intelsat chief set for $4m ‘golden goodbye’ after Chapter 11 recovery (7 days old [18/01/22])

Stephen Spengler to retire as satellite operator emerges from bankruptcy with debt halved

US airlines warn of ‘chaos’ as telecoms groups roll out 5G (7 days old [17/01/22])

Aviation lobby says services will cause ‘incalculable’ disruption to passengers and cargo

Indian government to take stake in Vodafone Idea (14 days old [11/01/22])

Board of struggling telecoms operator approves rescue plan that will make New Delhi its largest shareholder

Reliance raises $4bn in India’s biggest overseas bond sale (19 days old [06/01/22])

Mukesh Ambani’s conglomerate takes advantage of low interest rates to push into new sectors

China Mobile: one of the safer calls among local companies  (20 days old [05/01/22])

State-owned group benefits from growing demand for 5G, backed by Beijing’s encouragement to spread the technology

AT&T and Verizon delay 5G rollout over aviation concerns (21 days old [04/01/22])

Telecoms reverse course a day after rejecting US regulators’ request over possible aircraft interference

AT&T and Verizon reject call to delay 5G rollout over flight safety fears (22 days old [02/01/22])

US transportation regulators want more time to investigate if wireless technology interferes with avionics

© Copyright The Financial Times Ltd 2022. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Technology sector

Google changes course on cookies plans following advertising industry backlash (1 hour 1 minutes old)

Search giant overhauls central part of new technology designed to replace tracking files over privacy concerns

Brazilian fintech Creditas hits $4.8bn valuation after funding round  (1 hour 31 minutes old)

SoftBank-backed group rides wave of investor interest in Latin American digital technology

The true flaw of driverless cars isn’t the tech (9 hours old)

Robotaxis risk becoming a gimmick… they’ll cost the same as an Uber, arrive no faster and decline to speed up when you’re in a rush

Start-up Muzmatch entwined in naming battle with dating giant Match (9 hours old)

UK company that caters for Muslim marriage market is latest to face legal challenge from $33bn US conglomerate

Tech stocks: Cape fears suggest sell off has further to go (12 hours old)

Robert Shiller’s index shows stocks are still expensive

The new bank on the block (19 hours old)

Plus, we chat with one of the banking industry’s leading blockchain tech providers, and a cyber scare at Volkswagen payments arm

THG loses fifth of value as tech sell-off accelerates (19 hours old)

UK ecommerce company also hit by fears for full-year earnings

Investors trounce tech and batter bitcoin (20 hours old)

Peloton activist attack, IPO lock-ups unchained, earbud avalanche

Tumblr picks itself up again after years of struggle  (20 hours old)

Creative, chaotic and anonymous, the blogging platform has appeal for Gen Z

Boeing pumps extra $450m into self-flying air taxi start-up (23 hours old)

US manufacturer’s Wisk investment is latest sign of investor appetite in emerging sector

© Copyright The Financial Times Ltd 2022. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

BBC News - Business

Spread high energy costs over several years, says Octopus Energy boss (1 hour 30 minutes old)

Smoothing price increases is the best way to avoid hefty rises in bills, says Octopus Energy.

UK toy sales fell last year amid supply disruption (2 hours old)

Sales drop 3% but the industry says it was resilient with good demand from girls for scientific toys.

Royal Mail to cut jobs amid ongoing postal delays (1 hour 31 minutes old)

Around 700 management roles will go as the firm struggles to cope with Covid-related absences.

Holiday bookings jump as UK Covid travel tests axed (50 minutes old)

Jet2 says bookings increased by 30% after it was announced test rules would be relaxed.

Marmite maker Unilever to cut 1,500 jobs worldwide (2 hours old)

Unilever, which also makes Dove soap and PG Tips, will axe the roles in more than 100 countries.

Inflation surge sends UK interest payments higher (4 hours old)

The amount of interest paid on government debt was the highest for a December on record.

Inflation: Four things that are going up in price and why (1 day old)

From skincare products to used cars - the items that tell the story of the cost of living crisis.

What is the UK's inflation rate and why is the cost of living going up? (6 days old [19/01/22])

The cost of living is at its highest rate for 10 years and is expected to increase further.

What high inflation means - in 90 seconds (5 days old [19/01/22])

The BBC's consumer affairs correspondent, Colletta Smith, breaks it down.

Gen Z on battling soaring inflation for the first time (6 days old [19/01/22])

Those aged 18 to 25 have never experienced inflation before in their lives - how are they coping?

Copyright: (C) British Broadcasting Corporation, see http://news.bbc.co.uk/2/hi/help/rss/4498287.stm for terms and conditions of reuse.

UK equities

Nasdaq closes in correction territory after 10% drop in 2 months (5 days old [19/01/22])

Tech-heavy index ends New York trading day 1.1% lower after volatile session

European shares rise as earnings season gets under way (7 days old [17/01/22])

Traders weigh recent data showing US consumer prices rose at annual pace of 7% in December

Financial stocks slide in volatile end to week in US markets (10 days old [14/01/22])

Drop in bank shares accompanied a sell-off in the $22tn Treasury market

Investors continue to shun UK equity funds (12 days old [13/01/22])

Outflows topped £4.4bn last year, the worst annual performance since 2018

Darktrace: starting to shine again on upbeat forecasts (13 days old [11/01/22])

London-listed cyber crime fighter should now be able to move out of the shadows after a jump in its share price

How to revive London’s flagging stock market (17 days old [07/01/22])

A vibrant equity exchange is a pillar of a global financial centre

How can investors find tomorrow’s tech titans? (18 days old [07/01/22])

Failures from the past show that there can be no guarantees of success

US Treasuries fall as fears subside over Omicron’s impact on recovery (20 days old [04/01/22])

Shares in ecommerce and video conferencing groups that benefited from lockdowns also drop on Wall Street

Wall Street stocks slide ahead of final trading day of the year (25 days old [30/12/21])

US equities lose steam despite initial lift from latest weekly jobless claims data

UK and emerging markets are left behind in the ‘everything rally’ (26 days old [30/12/21])

Pandemic largesse fails to support some markets and gold also loses out

© Copyright The Financial Times Ltd 2022. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Opinion

An East London night school that built an artistic movement (0 minutes old)

Millions of ‘lost learners’ in the austerity decade missed the opportunity offered to working class painters in the 1920s

How the Ukraine question divides the American right (3 minutes old)

Republican politicians are less sympathetic to Russian grievances than the wider conservative movement

Legal aid needs more than a sticking plaster (4 hours old)

The notion of ‘fat cat’ lawyers ignores the reality of paltry pay

The storm at the centre of the calm (7 hours old)

As US equities throw fits, other risk markets soldier on

The true flaw of driverless cars isn’t the tech (9 hours old)

Robotaxis risk becoming a gimmick… they’ll cost the same as an Uber, arrive no faster and decline to speed up when you’re in a rush

Should I sell my house without an agent? (9 hours old)

We had the house valued last year so have an idea of price

Kazakhstan unrest shows Erdogan that Putin is still the regional ‘big boss’  (9 hours old)

Russian role in recent protest deals blow to Turkish president as he seeks to cultivate pan-Turkic unity

Why supermarkets should listen to Jack Monroe (10 hours old)

The campaigner and food writer is asking questions about supermarkets’ value ranges and pricing

Tech stocks: Cape fears suggest sell off has further to go (12 hours old)

Robert Shiller’s index shows stocks are still expensive

Stay or go: the dilemma for multinationals in Myanmar  (14 hours old)

Companies are having to make judgment calls on dealing with a repressive regime

© Copyright The Financial Times Ltd 2022. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Ipswich