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Evening Star News

Port stalwart takes on key role with Port of Felixstowe owners (1 hour 5 minutes old)

A former Port of Felixstowe boss has taken on a key role with the port owners.

‘I was once a healthy mum… now my body is attacking itself from the inside’ - the effects of long-term covid (1 hour 14 minutes old)

Battling painful symptoms of a virus they contracted several months ago, for these four coronavirus survivors, the fight is far from over.

Get united this National Fitness Day (2 hours old)

This year National Fitness Day falls during the inaugural Great British Week of Sport, which runs from September 19-27, and recognises the important role of sport and physical activity in our lives.

Armed robber faces ‘significant’ jail term for Tesco Express raid (2 hours old)

A 31-year-old man who took part in an armed robbery at a Suffolk store has been warned he is facing a significant prison term when he is sentenced next week.

Teenager caught with drugs after police chase through Ipswich park (3 hours old)

An Ipswich teenager who ran off when police officers approached him on suspicion of drug dealing in an Ipswich park has been given a suspended sentence.

Over 100 more Ipswich pupils self-isolating after child shows coronavirus symptoms (3 hours old)

More than 100 extra pupils at Ipswich’s Northgate High School are now self-isolating after a child showed symptoms of coronavirus.

Outrage over social media video of bullies making boy beg for bike (16 hours old)

An Instagram account has been reported after footage emerged of a schoolboy being made to beg for his bicycle back after it was taken by bullies.

Family fun for all during October half-term (16 hours old)

October half-term is fast approaching and with changeable weather and the uncertainty of lockdown restrictions, it will be a challenging time for parents wanting to keep young ones occupied and happy. This is our list of events and attractions which can provide some family fun

EDF told to ‘do something about Suffolk’s concerns’ over Sizewell C (17 hours old)

County council chiefs have called on EDF Energy to listen to communities and “do something about Suffolk’s very reasonable concerns” over Sizewell C.

Ipswich school unveils stunning new £15m building (18 hours old)

An Ipswich secondary school has unveiled its £15million new building, which it hopes will help boost the education of its 900 pupils.

UK homepage

Sunak draws up new plan to subsidise workers’ wages (7 hours old)

Chancellor under fresh pressure after imposition of more UK Covid restrictions

How close is a coronavirus vaccine? (6 hours old)

Out of 300 candidates, nine are in Phase 3 trials, with some hoping for emergency use approval this year

Sterling hits lowest level since July on mounting virus and Brexit angst (2 hours old)

Currency slips below $1.27, crossing key technical threshold as sell-off gathers steam

UK warns of 7,000-truck queues to cross Channel after January 1 (2 hours old)

Cabinet minister Michael Gove says there could be 2-day delays in Kent for freight to clear customs after end of Brexit transition

Wirecard’s deceit went beyond its fraudulent Asian operations  (7 hours old)

Report from court-appointed administrator reveals the rest of the business was chaotic and unprofitable

ECB calls on Brussels to make recovery fund permanent (2 hours old)

Periphery states are net winners from crisis response while ‘frugal four’ lose out

UK economy faces gloomy fourth quarter  (7 hours old)

Spending slowed even before new restrictions were announced by Boris Johnson

Italy’s harsh lessons help keep second wave at bay (6 hours old)

While Spain, France and UK suffer Covid-19 surge, the country has adapted since brutal first phase

China’s state media denounce TikTok deal as ‘dirty and unfair’ (3 hours old)

Editorials signal Beijing may not approve parent ByteDance’s agreement with Oracle and Walmart

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Business | The Guardian

Closing UK furlough scheme this autumn is a mistake, says NIESR (56 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 (56 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' (57 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 (57 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 (56 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 (56 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 (56 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 (56 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 (57 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 (56 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

Covid-19 forces Australia broadband upgrade as internet use surges (4 hours old)

Government-owned NBN’s A$4.5bn U-turn to fibre also a response to competitive threat from 5G

Iliad/telecoms M&A: Trojan lore (1 day old)

Investors want more than just consolidation and cost-cutting

Iliad sets sights on Poland with takeover of mobile group Play  (2 days old [21/09/20])

Xavier Niel’s telecoms group has already agreed to buy 40% stake from 2 investment funds

Why telecoms groups have fallen out of fashion with investors (4 days old [18/09/20])

High debt and unwieldy corporate structures plague valuations of European groups but owners see an opportunity

Slow 5G rollout a risk to Europe’s supply chains, warn industrialists  (5 days old [18/09/20])

A fragmented approach in EU threatens investment, says roundtable boss Svanberg

SoftBank to sell last of telecoms assets with Brightstar deal (5 days old [18/09/20])

Sale cements Japanese group’s transition to global investor following string of disposals

Telefónica teams up with Rakuten in search of 5G networks alternative  (6 days old [16/09/20])

Move to bolster ‘open RAN’ technology will strengthen smaller suppliers competing with Huawei and Ericsson

Five of the world’s best homes for sale in broadband hotspots (9 days old [14/09/20])

From waterside residences to mountain chalets, prime property with speedy internet connections 

Former BT chief Livingston to oversee UK’s post-Huawei shake-up (11 days old [11/09/20])

Former trade minister and BT chief executive to chair vendor diversity task force for Britain’s telecoms sector

Altice Europe: private line (11 days old [11/09/20])

The board has recommended Patrick Drahi’s offer to minority shareholders. That does not make it an attractive offer, though

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Technology sector

China’s electric carmakers zero in on Tesla (2 hours old)

#techAsia, your guide to the billions made and lost in Asia tech

Apple launches first online store in India  (3 hours old)

Opening comes as New Delhi relaxes rules on foreign manufacturing in order to capitalise on US-China trade war

Covid-19 forces Australia broadband upgrade as internet use surges (4 hours old)

Government-owned NBN’s A$4.5bn U-turn to fibre also a response to competitive threat from 5G

Advertisers make deal with Facebook and YouTube on risky content (6 hours old)

External audits and common standards satisfy companies that were boycotting social media

Tesla outlines ambition to halve cost of batteries (8 hours old)

Electric car maker aims to have a vehicle priced at $25,000 within three years

Investor buzz builds ahead of Ant Group listing (11 hours old)

Public offering is ‘talk of the town’, says one Hong Kong-based wealth manager

Yandex agrees $5.5bn deal for Russia’s top online bank (16 hours old)

Tech group’s swoop for Tinkoff presents challenge to state lender Sberbank

Microsoft scrolls up on games (16 hours old)

Facebook’s election chaos plan, China’s tech ETFs, foldable FlexPai 2

Microsoft/ZeniMax: Doom whoop (18 hours old)

Sony rival ups its game with this well-timed, affordable purchase

Why there is more to role-playing games than escapism (18 hours old)

Series such as Final Fantasy offer immersive experiences like no other medium

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BBC News - Business

Brexit letter warns of 7,000-truck queues in Kent (7 hours old)

Exporters to the EU face two-day delays to trade after transition period ends, a cabinet minister warns.

Could churches double up as bank branches in cash-stricken areas? (10 hours old)

The idea is one of a number being trialled to help improve access to cash in remote areas.

Upper Crust owner: 'Demand for travel will return' (1 hour 34 minutes old)

SSP sales are 76% down with about two-thirds of its outlets closed across the group.

Bank of England boss calls for furlough 'rethink' (19 hours old)

Governor Andrew Bailey suggests that some sectors may benefit from further targeted help.

Nike expects permanent shift to online sales (8 hours old)

The sportswear giant has seen digital sales soar and says few customers will revert back to stores.

Musk: Cheaper Tesla ready 'in about three years' (8 hours old)

Plans for lower-cost batteries and a $25,000 car did not excite investors - firm's value fell $50bn.

Barclays to send staff back to working from home (13 hours old)

City firms SocGen and Lloyd's of London also tell staff to stop coming into the office after new guidance.

'Closing pubs at 10pm halves your takings' (20 hours old)

The hospitality industry warns the earlier closing time will have a 'devastating' impact.

Kingfisher to hand back £23m of UK furlough cash (20 hours old)

The B&Q owner's profits soar after home improvements boom during the coronavirus lockdown.

Whitbread to cut 6,000 jobs as hotel demand slumps (23 hours old)

The owner of Premier Inns has warned that almost 20% of its workers could be laid off.

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UK equities

Global stocks inch higher despite concerns over Covid-19  (14 hours old)

Markets stabilise after Monday’s falls as UK outlines stricter curbs to fight coronavirus

Global stocks sink on fears of new Covid lockdowns (1 day old)

Worries over tightening of pandemic restrictions make for gloomy start to the week

The easy money fuelling the market’s fever (2 days old [20/09/20])

Low interest rates by central banks have helped to sustain the rally in equities

Lex letter from London: braving the UK’s ‘Brovid’ markets (6 days old [16/09/20])

There is some undoubted alignment between administrative competence and investor confidence

Wall Street higher as Nasdaq regains ground (8 days old [14/09/20])

Flurry of tech sector deals opens trading week on positive note

Investors should beware Games Workshop’s fantastical share price (11 days old [12/09/20])

Hobby retailer has had a breathtaking stock-market run over the past four years

BA owner IAG launches steeply discounted €2.75bn rights issue (12 days old [10/09/20])

Airline warns it expects to carry fewer passengers as it attempts to shore up finances after coronavirus disruption

Diageo faces a tussle between simplicity and virtue (25 days old [29/08/20])

Liquor sector’s worst performer catches ESG bug while looking to new leadership era

Hut Group brings boost to sleepy London IPO market (26 days old [28/08/20])

Pace of stock market listings in UK has been slow while US and Asia shine

Wall Street stocks fail to build on record high (34 days old [19/08/20])

S&P 500 slips and dollar rises as Federal Reserve minutes do not provide clarity over rates

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Opinion

Saudi Arabia and La-La Land (1 hour 33 minutes old)

The kingdom is grappling with speculators and algorithms dominating futures trading

Private equity’s risky cheap debt move (1 hour 41 minutes old)

The industry’s rush to dividend recapitalisations has wider implications

Opinion: is the UK moving towards government by decree? (3 hours old)

Covid, Brexit, terrorism: the FT's legal commentator David Allen Green offers a guided tour of legislation by decree

Angela Merkel stands firm on Nord Stream 2 despite Navalny poisoning (6 hours old)

Chancellor’s stance on Russian pipeline backed by bulk of German political establishment

What is good for LVMH is now deemed good for France (6 hours old)

Luxury group says it is only pulling out of deal for Tiffany because the government asked it to

Coronavirus: unwitting beneficiaries (6 hours old)

Anything that reduces the economic damage caused by restrictions would be hugely valuable

Jet-fuelled white van man bodes ill for the oil market (7 hours old)

Overcapacity in refineries and demand hit by coronavirus make for a grim mix

I am a refugee doing a finance masters, how do I secure an internship? (7 hours old)

Your question for our expert — and readers’ advice

China is escalating its punishment diplomacy (10 hours old)

Democracies must unite to stop Beijing’s coercive commercial statecraft against other nations

China has the upper hand in corporate proxy wars with US (11 hours old)

Xi was better than Trump at playing the long game during their first tussle involving ZTE and Qualcomm

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Ipswich