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Evening Star News

Confidence in Ipswich Hospital merger ‘hanging by a thread’ as Colchester orthopaedic centre approved (2 hours old)

Orthopaedic surgery will be moved out of Ipswich Hospital to a new facility in Colchester after plans were approved by healthcare bosses in a ‘disappointing’ blow for the town.

Ipswich council says coronavirus impact is its ‘worst financial crisis’ in 45 years (3 hours old)

Emergency budget measures which would see the Tourist Information Centre close have been agreed by Ipswich Borough Council‘s cabinet - as it warned of its worst ever financial crisis.

School remains open as families of 13 children self-isolate after coronavirus case (4 hours old)

Teachers and a class ‘bubble’ of 13 children have been sent home to self-isolate after a pupil at Aldeburgh Primary School tested positive for coronavirus.

Children’s centres decision delayed after ‘error’ found in reports (5 hours old)

A final decision on the revamp of children’s centres in Suffolk has been delayed after an error was spotted in the council’s reports.

Libraries to launch counselling service for new mums in Suffolk (7 hours old)

A range of new support schemes have been launched by Suffolk Libraries to help aid the mental health of pregnant women and young families.

Restaurant launches sparkly unicorn pizzas and hot dog pizza wraps (7 hours old)

You can also try the Tiger King pizza, barbecue brisket buns and pornstar martinis!

Face masks made compulsory in shops – everything you need to know (7 hours old)

The government has announced it will soon be mandatory to wear face coverings in shops in England in an attempt to further stop the spread of coronavirus.

Ipswich being turned into ‘cycle-friendly’ town as Suffolk hopes for a further £1.3m (7 hours old)

Work to turn Ipswich into a cycle-friendly town is set to continue as more measures are introduced to try to persuade commuters to get on their bikes to reach jobs in the town centre.

Police scouring 11,000 hours of CCTV footage over mystery baby death (7 hours old)

Police are reviewing more than 11,000 hours of CCTV footage as they continue their search for the mother of a newborn baby girl whose body was discovered at a Suffolk recycling centre two months ago.

Suffolk shop-owners call for clarity on face mask plans (8 hours old)

Shop-owners and business leaders in Suffolk have called on the government for more clarity regarding the new rules around face coverings.

UK homepage

UK review of capital gains tax heralds future rises, experts say (6 hours old)

Wealth managers say chancellor’s move suggests CGT will be used to help fill public finances hole

Boris Johnson tries to find path through US-China cold war (5 hours old)

UK decision on telecoms group Huawei sparks fears of escalation in tensions with Beijing

UK orders ban of new Huawei equipment from end of year (3 hours old)

Boris Johnson’s government says existing kit must also be stripped from 5G networks by 2027

Three US banks set aside record $28bn for loan losses (6 hours old)

Boom in fixed income trading in second quarter overshadowed as lenders count cost of pandemic

Moderna vaccine produces antibodies in early trial (2 hours old)

Immune responses triggered in 45 participants in phase one trial, without safety issues

Covid has exposed society’s dysfunctions (6 hours old)

If we wish to avoid a political breakdown we should not seek to suppress markets, but instead temper their gales

Why the UK has decided to ban use of Huawei’s 5G kit  (4 hours old)

Government concluded that company’s products posed threat to security of UK infrastructure

Paris bubbles over with optimism post-lockdown (12 hours old)

French citizens grab a respite in packed sidewalk cafés as job cuts loom

Maxwell pleads ‘not guilty’ as New York judge denies bail (1 hour 1 minutes old)

Judge cites financial resources of socialite accused of aiding Jeffrey Epstein’s abuse

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Business | The Guardian

Weak recovery could make unemployment worse than 1980s levels, warns OBR (5 hours old)

Office for Budget Responsibility forecasts UK’s biggest peacetime deficit in 300 years and permanent ‘economic scars’Coronavirus – latest updatesSee all our coronavirus coverageHopes for a rapid economic rebound from Covid-19 have been dealt a severe blow after official figures revealed a lacklustre return to growth in May with the government put on notice about persistently higher levels of unemployment.Sounding the alarm over the growth outlook as job losses across the country rapidly mount, the Office for Budget Responsibility (OBR) – the Treasury’s independent forecaster – warned unemploym[...]

Virgin Atlantic agrees £1.2bn rescue deal amid coronavirus slump (7 hours old)

Investors pump in funds, loans and deferrals alongside Branson’s £200m injectionCoronavirus – latest updatesSee all our coronavirus coverageVirgin Atlantic has announced a £1.2bn rescue deal to allow Sir Richard Branson’s grounded passenger airline to survive another 18 months of turmoil and aim to return to profit in 2022, after four months without scheduled flights.The privately funded recapitalisation package, a combination of cash injections, loans, and deferrals, was finally confirmed on Tuesday after weeks of talks with potential investors, after Virgin’s attempts to garner state support[...]

Hospitality VAT cut may not be passed on to UK consumers (5 hours old)

Rishi Sunak said tax would fall from 20% to 5% until 12 January 2021 but many firms plan to pocket differenceCoronavirus – latest updatesSee all our coronavirus coverageShoppers and tourists expecting to see a cut in prices on Wednesday following the chancellor’s decision to slash VAT on hospitality could be in for disappointment as some organisations pocket the saving rather than pass it on to consumers.Last week Rishi Sunak announced that the tax, which is charged on most goods and services, would be cut from 20% to 5% from 15 July until 12 January 2021 for entrance to restaurants, cafes, ho[...]

Joe Biden unveils aggressive $2tn climate and jobs plan (2 hours old)

Proposal outlines $2tn for clean energy infrastructure and climate solutions, to be spent as quickly as possible in next four yearsJoe Biden has unveiled a new, more aggressive climate and jobs plan which advisers say he would take to Congress “immediately”, if elected president.The new proposal outlines $2tn for clean energy infrastructure and other climate solutions, to be spent as quickly as possible in the next four years, what would be the Democrat’s first term in office. Last year, he proposed $1.7tn in spending over 10 years. Continue reading...

Huawei decision 'may delay 5G by three years and cost UK £7bn' (4 hours old)

Experts say small towns and rural areas will be hardest hit by UK ditching Chinese firmSmall towns and rural areas across the UK will be hardest hit by delays of up to three years in the rollout of 5G mobile technology, experts have said after ministers announced that Huawei will be stripped from networks by 2027.The total cost to the economy could exceed £7bn, according to research analysing the potential cost of eliminating the Chinese equipment supplier in response to US sanctions and pressure from about 60 rebel Tory MPs. Continue reading...

Coronavirus: mask-wearing in English shops 'will be difficult to enforce' (3 hours old)

Police chiefs warn new Covid-19 law will be impossible to apply if public fail to comply Coronavirus – latest updatesSee all our coronavirus coveragePolice chiefs and retailers have warned mandatory face coverings will be difficult to enforce if there is mass public resistance to masks, suggesting shop staff are likely to bear the brunt of the burden.Speaking in the Commons on Tuesday, Matt Hancock warned that failure to comply would not only lead to police enforcement but would risk the lives of shopkeepers, who have been up to 75% more likely to die from Covid-19 than the general population.[...]

Oprah Winfrey and Jay-Z tap into rising alt-milk star Oatly (5 hours old)

Swedish brand taps growing market for milk alternatives as sale of 10% stake values firm at $2bnOatly has sold a minority $200m (£157m) stake to a group of high-profile investors that includes Oprah Winfrey and Jay-Z in a deal that values the fashionable Swedish alt-milk brand at $2bn.Malmö-based Oatly is riding high as demand for plant-based milk alternatives soars, with more people switching to vegan or vegetarian diets. Continue reading...

Private island off Ireland's south coast sold for €5.5m via video (6 hours old)

Horse Island, a 64-hectare retreat in Roaringwater Bay, is part of a bucolic Atlantic regionIt is a bold example of online shopping during lockdown: buy a private island off the coast of Ireland for €5.5m (£4.9m) without setting foot on it.The wealthy, unnamed European who made such a purchase relied on video footage to view Horse Island, a 64-hectare (157-acre) retreat in Roaringwater Bay, part of a bucolic Atlantic region in west Cork. Continue reading...

Former Barclays boss apologises for Amanda Staveley 'tart' reference (5 hours old)

Roger Jenkins made comments during 2008 crisis negotiations with investors, court toldA former Barclays executive has apologised in court for calling financier Amanda Staveley a “tart” and a “dolly bird” during negotiations over an emergency cash call during the 2008 financial crisis.Roger Jenkins, Barclays’ investment banking chief during the crisis, on Tuesday told the judge in high court that he apologised, during questions in a £1.5bn legal action against Barclays. Continue reading...

British Airways to sell art collection to ease Covid-19 pressures (7 hours old)

Multimillion-pound collection features work by Bridget Riley, Damien Hirst and Marc QuinnBritish Airways is selling its multimillion-pound art collection, including work by Bridget Riley and Damien Hirst, as it attempts to raise funds while the Covid-19 crisis continues to devastate the aviation sector.The Sotheby’s sale will include several artworks that could fetch six-figure sums and have previously decorated BA’s executive lounges and company headquarters. Continue reading...

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

Telecoms

UK orders ban of new Huawei equipment from end of year (3 hours old)

Boris Johnson’s government says existing kit must also be stripped from 5G networks by 2027

Why the UK has decided to ban use of Huawei’s 5G kit  (4 hours old)

Government concluded that company’s products posed threat to security of UK infrastructure

Britain takes long view with Huawei 5G ban (6 hours old)

The government must ensure its China relations remain constructive

Huawei UK chair Lord Browne to step down early (12 hours old)

Earlier-than-expected exit coincides with UK move to ban Chinese company equipment

Huawei: security hang-up (19 hours old)

Exile for the Chinese group will confirm the ascendancy of rival equipment suppliers

BT sounds alarm over prospect of UK ban on Huawei  (1 day old)

Chief says it would be ‘impossible’ to remove all Chinese group’s kit within 10 years

Huawei growth slows after sanctions and political pressure (1 day old)

Chinese group says profit margin improved as consumer business outpaced carrier unit

UK turns to ‘Five Eyes’ to help find alternatives to Huawei (1 day old)

Washington cautions that London needs to first take a harsher stance on the Chinese group

Boris Johnson set to curb Huawei role in UK’s 5G networks (2 days old [12/07/20])

Ban to take effect within months after pressure from Conservative party rebels and Washington

Africa/internet access: the cloud above  (2 days old [12/07/20])

Google’s Loon project in Kenya is a test of whether the balloon-based service can be profitable

© Copyright The Financial Times Ltd 2020. "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

Investors face an uncharted course (2 hours old)

Mike Mackenzie’s daily analysis of what’s moving global markets

Why the UK has decided to ban use of Huawei’s 5G kit  (4 hours old)

Government concluded that company’s products posed threat to security of UK infrastructure

The seven-year switch from Huawei (5 hours old)

SoftBank ready to deal, losing patience with Palantir, Dyson’s humidifying fan

Democrat urges Apple and Google to curb foreign app data sharing (5 hours old)

Call for companies to protect app data from ‘unlawful foreign exploitation’ comes as TikTok finds itself in political crosshairs

The fintech cleaning up online money laundering (6 hours old)

One Israeli company has spotted a niche in helping banks make sure their systems are not being used by criminals

How animals in gaming went from cartoon characters to real creatures (7 hours old)

Today’s games give players the chance to see the world from the perspective of other species

US tech stands out as investors’ ‘most crowded’ trade (7 hours old)

Poll finds fund managers anxious about level of bets placed on sector

SoftBank: Arm dealer (11 hours old)

Given Masayoshi Son’s investment record, he will be selling assets into a wary market

Palantir’s long route to public listing exhausts investors (13 hours old)

Tiger Global has cashed out most of its shareholding in data analytics company

India takes a risk by encouraging national interest (16 hours old)

A ban on Chinese apps is being closely watched by entrepreneurs and investors

© Copyright The Financial Times Ltd 2020. "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

Coronavirus: Virgin Atlantic finalises £1.2bn rescue deal (8 hours old)

Sir Richard Branson's airline pulls off the "impossible" to secure a £1.2bn deal to head off collapse.

‘If it saves a life, wearing a mask is worth it’ (7 hours old)

The BBC speaks to people about whether they will be comfortable wearing face masks in shops.

Oatly raises $200m from celebrity backers including Oprah and Jay-Z (7 hours old)

Swedish company Oatly, which has popularised oat milk, raises $200m to expand the business.

Big US banks set aside $28bn in downturn warning (4 hours old)

JP Morgan, Citigroup and Wells Fargo warn loans may turn sour as the pandemic hits businesses.

Coronavirus: UK faces ‘explosive’ debt levels (11 hours old)

The government's spending watchdog says the UK must raise taxes or cut spending to avoid huge debts.

UK economy rebounds more slowly than expected (13 hours old)

The UK's economy grew 1.8% in May as the lockdown began to ease, less than economists had predicted.

Huawei 5G kit must be removed from UK by 2027 (2 hours old)

The government is also banning telecoms firms from buying new Huawei 5G kit after 31 December.

Times 'ever more difficult' for savers as rates slip (11 hours old)

Savers have fewer products to choose from and interest rates have fallen below 1%, research suggests.

Ocado says switch to online shopping is permanent (13 hours old)

The online grocer saw "years of growth in months" amid the lockdown and says the retail world has changed.

Bailiff fears as councils chase unpaid tax debts (1 day old)

Like thousands of people in council tax debt, Penelope Dudley fears the bailiffs who will soon restart work.

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UK equities

Wall Street advance cut short as tech shares give up gains  (1 day old)

Tesla rise briefly makes it 10th most valuable publicly traded US company

Stock market rally stalls as investors hunt for safer assets  (7 days old [07/07/20])

US Treasury sells three-year notes with a record-low yield

Are UK housebuilders really on solid foundations? (17 days old [27/06/20])

Market faces obvious strains, but analysts are almost uniformly bullish

Stimulus hopes lift Wall Street as US coronavirus cases rise (22 days old [22/06/20])

Investor sentiment tested by surge in infections in Asia, Europe and Americas

Once-bitten BP investors should be twice shy (24 days old [20/06/20])

Twenty years on from an ill-fated rebrand, the energy company has a new vision

Retail exuberance does not explain big rally in stocks (31 days old [13/06/20])

A bull market such as this relies on contrarianism, not inexperience

Stocks claw back losses with virus cases in focus (32 days old [12/06/20])

S&P 500 ends 1.3% higher to close out worst week since March

US stocks slide nearly 6% on worst day since March  (32 days old [12/06/20])

Investors spooked by uptick in virus cases and gloomy prognosis from the Federal Reserve

London can take heart from Unilever decision (33 days old [11/06/20])

The consumer group’s move is a feather in the cap for the City

UK equity sales top £10bn since pandemic struck (33 days old [11/06/20])

At least 69 companies have issued equity valued at £5m or more since middle of March

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Opinion

US banks’ earnings: spread your bets (6 hours old)

Scale of credit provisions does not bode well for America’s economic outlook

Britain takes long view with Huawei 5G ban (6 hours old)

The government must ensure its China relations remain constructive

‘Lapdog’ auditors ain’t quite right again (6 hours old)

Watchdog takes firms to task in quality review; AO hits long awaited high during lockdown

Covid has exposed society’s dysfunctions (6 hours old)

If we wish to avoid a political breakdown we should not seek to suppress markets, but instead temper their gales

The Hagia Sophia decree is about more than religious chauvinism (7 hours old)

A move to turn the crown jewel of Istanbul into a mosque is intended to rally far-right nationalists

Swatch: watchmaker’s argument (7 hours old)

Swiss group is going to need all the Churchillian vigour its chief can muster

Ashmore Group: bond bail (8 hours old)

Flying the flag for active fund management, the company prides itself on being a lean machine

Ocado: show me the money (9 hours old)

A decade later and Webvan’s second coming is still no closer to generating positive free cash flow.

SoftBank: Arm dealer (11 hours old)

Given Masayoshi Son’s investment record, he will be selling assets into a wary market

US health insurers: in rude health (11 hours old)

The fact that health insurers benefit in a pandemic while hospitals are on the brink is food for thought

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Ipswich