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New Tax Will Help Washington Residents Pay for Long-Term Care 13 May 11:55pm Updated New Tax Will Help Washington Residents Pay for Long-Term Care
Starting in 2025, eligible state residents in Washington State will get $100 per day for 365 days of long-term care costs. A payroll tax will pay for it.
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GBP 1,28 -0,471%
EUR 1,12 -0,269%
CHF 0,99 -0,101%
Australia and the U.S. Are Old Allies. China’s Rise Changes the Equation. 13 May 11:53pm Updated Australia and the U.S. Are Old Allies. China’s Rise Changes the Equation.
Economic geography is proving more significant than historical alliances.
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WhatsApp confirms cyber surveillance attack 13 May 11:52pm WhatsApp confirms cyber surveillance attack
Hackers were able to install spyware on WhatsApp by exploiting a major vulnerability in the app, the company has confirmed.
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Global markets fall as China hits back at US with new import tariffs 13 May 11:47pm Updated Global markets fall as China hits back at US with new import tariffs
World markets hit by further losses on Tuesday in wake of Beijing’s retaliatory tariffs on US imports worth $60bn World markets plunged further on Tuesday following heavy losses on Wall Street after China delivered a swift rebuff to Donald Trump by imposing retaliatory tariffs on $60bn of US imports. Beijing ignored warnings from Trump about the dangers of escalating the trade conflict and sent tremors through global markets by announcing a new 25% import duty on a range of US products.
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Stocks Fall as an Unending Trade War Leaves Wall Street Jittery 13 May 10:08pm Updated Stocks Fall as an Unending Trade War Leaves Wall Street Jittery
The trade war between the United States and China, the world’s two biggest economies, showed little sign of ending soon.
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$2 Billion Verdict Against Monsanto Is Third to Find Roundup Caused Cancer 13 May 9:50pm Updated $2 Billion Verdict Against Monsanto Is Third to Find Roundup Caused Cancer
A state jury’s award for a Northern California couple followed awards in separate cases in March and August, and was the largest by far.
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Who loses out in the US-China trade war? 13 May 7:17pm Who loses out in the US-China trade war?
Donald Trump says tariffs are benefitting the US, but economists disagree.
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Bring your own lunchbox to cut plastic waste, says charity 13 May 7:09pm Bring your own lunchbox to cut plastic waste, says charity
The UK's growing lunch-on-the-go habit is creating nearly 11bn items of waste a year, say campaigners.
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City investors push for BP to be more open on climate change policy 13 May 7:01pm City investors push for BP to be more open on climate change policy
Shareholder resolution to be voted on at the company’s annual meeting next week A coalition of major City investors have emerged as key players in forcing BP to be more transparent in how it fights climate change. Investors holding just under a tenth of all BP shares, equivalent to more than £10bn in value at Monday’s prices, put their names to the shareholder resolution, to be voted on at the company’s annual meeting next week, the Climate Action 100+ investor group revealed on Tuesday.
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Britain risks heading to US levels of inequality, warns top economist 13 May 7:01pm Britain risks heading to US levels of inequality, warns top economist
Sir Angus Deaton says UK is at risk of extreme inequality in pay, wealth and health Rising inequality in Britain risks putting the country on the same path as the US to become one of the most unequal nations on earth, according to a Nobel-prize winning economist. Sir Angus Deaton is leading a
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Ex-Autonomy CFO jailed for five years over Hewlett-Packard fraud 13 May 6:50pm Ex-Autonomy CFO jailed for five years over Hewlett-Packard fraud
Sushovan Hussain also fined $4m by US district judge over role of sale in British firm to Hewlett-Packard The former chief financial officer of Autonomy has been jailed for five years, after a US jury found him guilty of fraud over the $11.1bn (£8.5bn) sale of the British software company to Hewlett-Packard in 2011. Sushovan Hussain, 55, was also fined $4m and ordered to forfeit $6.1m in a sentence imposed by US district judge Charles Breyer in San Francisco.
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Amazon Will Pay Workers to Quit and Deliver Packages 13 May 6:34pm Updated Amazon Will Pay Workers to Quit and Deliver Packages
The retailer said it would pay up to $10,000 in start-up costs and three months’ pay to any interested employee.
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Autonomy ex-finance chief sentenced to jail for HP fraud 13 May 5:37pm Autonomy ex-finance chief sentenced to jail for HP fraud
Sushovan Hussain faces five years in prison for fraud linked to the $11bn sale of Autonomy to HP.
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The Fusion Reactor Next Door 13 May 5:29pm The Fusion Reactor Next Door
Entrepreneurs are taking up the search for a near limitless energy source and seeking investors willing to put money behind a long-shot bet against climate change.
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13 May 5:22pm Updated Supreme Court Allows Antitrust Lawsuit Against Apple to Proceed
Plaintiffs argued that the technology giant had used its monopoly power to raise the prices of iPhone apps.
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13 May 5:18pm Updated Stocks Fall as China’s Response to U.S. Tariffs Stokes Economic Anxiety
Global stocks fell sharply on Monday as the trade war between the world’s two biggest economies showed little sign of ending soon. Signs of economic anxiety also appeared in other financial markets.
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As TV Industry’s $20 Billion Week Starts, Signs That Streaming Isn’t King Yet 13 May 5:10pm Updated As TV Industry’s $20 Billion Week Starts, Signs That Streaming Isn’t King Yet
The so-called upfronts are traditional television’s annual hype-fest, and a way of locking advertisers into lucrative deals. They’re also a reminder of the medium’s continuing relevance.
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Britain’s big squeeze: ‘This Is All We Can Afford’: Shrinking Lives in the English Countryside 13 May 5:08pm Updated Britain’s big squeeze: ‘This Is All We Can Afford’: Shrinking Lives in the English Countryside
In Cumbria, a bucolic landscape masks growing poverty and isolation. As bus lines are cut and services dry up under austerity, older people are feeling new constraints.
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ALEX BRUMMER: Easiest solution for Metro Bank is for it to be absorbed by another financial group 13 May 4:51pm ALEX BRUMMER: Easiest solution for Metro Bank is for it to be absorbed by another financial group
Metro Bank is becoming a huge test for the Bank of England's Prudential Regulatory Authority, established in the wake of the financial crisis of a decade ago.
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Uber shares plunge 11% on second day of trading 13 May 4:51pm Uber shares plunge 11% on second day of trading
The drop came after the company had a rough stock market debut on Friday, closing $3.38 lower than its float price of $45. And yesterday shares hit a fresh low of $37.17.
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MARKET REPORT: Vodafone plunges on rumours it may be forced to slash its dividend 13 May 4:51pm MARKET REPORT: Vodafone plunges on rumours it may be forced to slash its dividend
The firm, which is the second largest mobile provider in the world, has refused to comment on reports that it may slash its dividend to pay for investment in new 5G mobile networks.
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Funeral services firm Dignity hit by a sharp drop in the number of deaths so far this year 13 May 4:51pm Funeral services firm Dignity hit by a sharp drop in the number of deaths so far this year
Official figures show 159,000 people died in the first quarter – down 12 per cent on the same period last year. Dignity said it believes full-year profits will fall by as much as £4m.
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Ocado boss Tim Steiner handed £29m of company shares - taking his total stake to nearly £340m  13 May 4:51pm Ocado boss Tim Steiner handed £29m of company shares - taking his total stake to nearly £340m 
Steiner, 49, was handed 2.2m shares last week as part of a bonus scheme based on the online grocer’s performance over five years. Those shares were worth £29m at last night’s closing price.
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Dettol boss Rakesh Kapoor cleans up as he is handed shares worth £9.6m and cashes in half of them 13 May 4:50pm Dettol boss Rakesh Kapoor cleans up as he is handed shares worth £9.6m and cashes in half of them
Reckitt Benckiser boss Kapoor, whose company is behind Dettol cleaner and Durex condoms, received 156,000 shares that vested on May 9, according to regulatory filings.
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Provvy is accused of unfairly casting doubt over the financial health of rival battling to buy it  13 May 4:50pm Provvy is accused of unfairly casting doubt over the financial health of rival battling to buy it 
The doorstep lender Provident Financial suggested that bidder Non-Standard Finance will have to raise up to £130m from investors if its hostile takeover succeeds.
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NBC Makes a Nostalgic Pitch to Advertisers at Radio City 13 May 4:20pm Updated NBC Makes a Nostalgic Pitch to Advertisers at Radio City
The network promotes TV veterans (Fran Drescher! Brian Williams!) while noting that it’s pushing back the start date of its streaming service.
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Condé Nast Sells Golf Digest to Discovery Inc. 13 May 2:57pm Updated Condé Nast Sells Golf Digest to Discovery Inc.
After putting three magazines up for sale last year, the publisher strikes a deal said to be worth $35 million. The longtime Golf Digest editor Jerry Tarde will stay.
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Stem Cell Treatments Flourish With Little Evidence That They Work 13 May 2:47pm Stem Cell Treatments Flourish With Little Evidence That They Work
The F.D.A. has taken an industry-friendly approach toward companies using unproven cell cocktails to treat people desperate for relief from aging or damaged joints.
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Boots profits plunge as high-street slump hits chemist chain 13 May 2:27pm Boots profits plunge as high-street slump hits chemist chain
Retailer reports 18.3% fall and warns it could close stores as part of cost-cutting drive
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‘Empire’ Season 6 Will Be the Show’s Last 13 May 2:02pm ‘Empire’ Season 6 Will Be the Show’s Last
In a surprise announcement Monday, Fox said the show would end after its next season, months after Jussie Smollett was at the center of a national controversy.
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Uber shares drop further as markets slide 13 May 1:32pm Updated Uber shares drop further as markets slide
The ride-sharing app sees falls further below its float price amid wider market turmoil.
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Trade war: Wall Street tumbles to two-month low as China hits back - business live 13 May 1:32pm Updated Trade war: Wall Street tumbles to two-month low as China hits back - business live
Beijing retaliates to America’s new tariffs with fresh taxes of its own, despite president Trump warning them not to
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Apple faces customer lawsuit over app store 13 May 12:42pm Apple faces customer lawsuit over app store
Apple charges 30% commission on all app purchases, but there is nowhere else for iPhone users to buy them.
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China Retaliates Against the U.S. With Its Own Higher Tariffs 13 May 12:35pm Updated China Retaliates Against the U.S. With Its Own Higher Tariffs
Beijing’s matched the Trump administration’s de facto delay in collecting the new tariffs, giving both sides breathing room to reach a deal.
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They Were Promised Coding Jobs in Appalachia. Now They Say It Was a Fraud. 13 May 12:15pm Updated They Were Promised Coding Jobs in Appalachia. Now They Say It Was a Fraud.
Mined Minds came into West Virginia espousing a certain dogma, fostered in the world of start-ups and TED Talks. Students found an erratic operation.
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How David Gandy bought a wrecked 1954 Jaguar XK120 found under a California bush 13 May 11:50am Updated How David Gandy bought a wrecked 1954 Jaguar XK120 found under a California bush
Supermodel David Gandy has completed his ‘lifelong ambition’ by taking the wreck of a classic Jaguar sportcar and restoring it to its former glory for his personal use - over a pain-staking 2,700 hours.
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Why tech stocks are feeling the worst trade war pain 13 May 10:52am Why tech stocks are feeling the worst trade war pain
Newton's Third Law states that, for every action, there is an equal and opposite reaction.
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Trade war: Wall Street tumbles as China announces new US tariffs - business live 13 May 10:43am Updated Trade war: Wall Street tumbles as China announces new US tariffs - business live
Beijing retaliates to America’s new tariffs with fresh taxes of its own, despite president Trump warning them not to
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13 May 10:28am Updated Stocks Fall as China Responds to U.S. Tariffs
Global stocks took a tumble on Monday as the trade war between the world’s two biggest economies showed little sign of ending soon.
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Trade war: China hits back with new tariffs on US goods - business live 13 May 9:29am Updated Trade war: China hits back with new tariffs on US goods - business live
Beijing retaliates to America’s new tariffs with fresh taxes of its own, despite president Trump warning them not to
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If I take a 25% tax free pension lump sum, can I still pay in £40k a year? 13 May 9:14am Updated If I take a 25% tax free pension lump sum, can I still pay in £40k a year?
I am a little confused with the gov.uk website on pensions. It says you can take up to 25% of your pension as a tax-free lump sum and you’ll then have six months to start taking the remaining 75%.
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First Group targeted by US activist pushing for a break-up of the firm 13 May 9:08am Updated First Group targeted by US activist pushing for a break-up of the firm
New York City-based Coast Capital has forced a vote on the removal of chief executive Matthew Gregory, chairman Wolfhart Hauser and five other directors.
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Football fans save £197m by pausing sports TV until next season 13 May 9:02am Updated Football fans save £197m by pausing sports TV until next season
With the Premier League football season coming to a close yesterday, savvy supporters could save a combined £2.2million a day by downgrading their package over summer, Is My Bill Fair says.
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‘Empire’ to End After Next Season 13 May 9:00am ‘Empire’ to End After Next Season
In a surprise announcement Monday, Fox said the show’s sixth season would be its last, months after Jussie Smollett was at the center of a national controversy.
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How to profit from a loss-making firm: It might sound bonkers but you can make a fortune  13 May 8:53am Updated How to profit from a loss-making firm: It might sound bonkers but you can make a fortune 
Taxi app firm Uber motored on to the New York Stock Exchange with a roar yesterday, completing one of the most highly anticipated US floats in recent years.
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The robots that beat expensive investment fund bosses by keeping it simple 13 May 8:51am Updated The robots that beat expensive investment fund bosses by keeping it simple
Interest in exchange-traded funds is increasing among investors looking for new ways to make money. The amount invested in such funds has risen almost threefold over the past five years.
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JEFF PRESTRIDGE: Tell ALL if you are about to buy insurance  13 May 8:50am Updated JEFF PRESTRIDGE: Tell ALL if you are about to buy insurance 
Failure to disclose precise details about your medical history when buying life, protection or travel insurance can come back to haunt you, however unintentional that non-disclosure was.
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DJ Pat Sharp is now earning the most in his 37-year career  13 May 8:50am Updated DJ Pat Sharp is now earning the most in his 37-year career 
Pat Sharp has made more money in the past year than he ever made when he was host of much-loved kids' TV show Fun House in the early 1990s.
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You may not win the mortgage, but you CAN pay it off early: How overpaying can save a fortune  13 May 8:48am Updated You may not win the mortgage, but you CAN pay it off early: How overpaying can save a fortune 
It is a homeowner’s dream – to be mortgage-free with no monthly payments to worry about ever again. For winners of a new prize draw to be announced tomorrow it is about to come true.
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China hits back in trade war with tariffs on $60bn of US goods 13 May 8:35am China hits back in trade war with tariffs on $60bn of US goods
China has said it plans to impose tariffs on $60bn worth of US goods in the latest escalation of a trade war between the world's two biggest economies.
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Brompton seeks new chair for expansion ride 13 May 8:16am Brompton seeks new chair for expansion ride
Britain’s biggest folding bicycle-maker is hunting a heavyweight chairman to take the saddle as it seeks to double in size during the next five years.
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Trade war: Trump warns China not to retaliate over tariffs - business live 13 May 8:07am Updated Trade war: Trump warns China not to retaliate over tariffs - business live
Rolling coverage of the latest economic and financial news, as fears of a deepening trade war hit shares in Asia
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Metro insists it CAN raise £350m capital from investors as shares tumble 13 May 7:14am Updated Metro insists it CAN raise £350m capital from investors as shares tumble
The troubled bank has faced weeks of questions over whether it can secure the extra money as its share price plummeted.
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DealBook Briefing: Uber Bombed. Now What? 13 May 7:11am DealBook Briefing: Uber Bombed. Now What?
It tumbled 7.6 percent from its I.P.O. price on Friday. Now all eyes are on its second day on the public stock markets.
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Trump warns China against new tariffs 13 May 7:05am Trump warns China against new tariffs
The president denies new tariffs on Chinese goods will hit consumers and says China should not respond.
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Metro Bank: why are customers worried, and are they covered? 13 May 6:52am Metro Bank: why are customers worried, and are they covered?
Lender was forced to reassure customers amid concerns, particularly over safety deposit boxes Metro Bank was forced over the weekend to
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Funeral provider profits hit as number of deaths falls sharply 13 May 6:42am Funeral provider profits hit as number of deaths falls sharply
Funerals provider Dignity has warned that its profits could fall short this year after a "significantly lower than expected number of deaths" in the first quarter.
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13 May 6:37am Updated Markets Fall as Investors Await China Response to Trump
Global stocks took a modest tumble on Monday as the trade war between the world’s two biggest economies showed little sign of ending soon.
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Metro Bank shares continue to slide 13 May 5:54am Metro Bank shares continue to slide
The bank says it plans to issue fresh shares as concerns persist over its financial health.
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Buy-to-let landlords selling up make a £80,000 average profit 13 May 5:16am Updated Buy-to-let landlords selling up make a £80,000 average profit
In London - the most profitable area to sell up - the average investor cashing in rakes in £248,120, 21 times the profit in the North East of £11,810.
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New Zealand Seeks Global Support for Tougher Measures on Online Violence 13 May 4:13am Updated New Zealand Seeks Global Support for Tougher Measures on Online Violence
In the wake of the terrorist attack on Muslim mosques, Prime Minister Jacinda Ardern is calling for a united effort against the biggest internet companies.
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FSCS investigates if London Capital & Finance investors can be compensated 13 May 4:09am Updated FSCS investigates if London Capital & Finance investors can be compensated
Investors who lost money when London Capital & Finance went bust in January could be handed a lifeline by the UK's financial protection scheme
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Funeral provider Dignity warns fall in number of deaths will hit profits 13 May 3:59am Funeral provider Dignity warns fall in number of deaths will hit profits
Deaths this year likely to be 3% lower than last year, says one of UK’s biggest undertakers A significant fall in the number of people dying in the UK has forced one of Britain’s biggest undertakers to issue a profit warning. Dignity, the UK’s only publicly listed funeral services company, said the number of deaths in the 13 weeks to 29 March fell by 12% to 159,000. This led to a 15% drop in revenues to £81.1m and dragged underlying operating profit down by 42% to £21.7m.
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Travel money: Top questions about how Brexit will affect exchange rates 13 May 3:57am Updated Travel money: Top questions about how Brexit will affect exchange rates
Travel currency company, FairFX, has revealed the most common questions its dedicated Brexit Support Desk has received in the run up to the 2019 summer holidays.
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Funeral firm Dignity dented by death rate fall 13 May 3:56am Funeral firm Dignity dented by death rate fall
The funeral provider says its profits for 2019 are likely to be lower because fewer people have died.
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Lloyds faces AGM revolt over pension payouts given to boss Horta-Osorio   13 May 3:45am Lloyds faces AGM revolt over pension payouts given to boss Horta-Osorio  
Investment groups have been urging shareholders to oppose the chief executive’s pay package in a vote on Thursday during the bank’s annual general meeting.
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RUTH SUNDERLAND: Centrica boss feels the heat as shares slip below £1 13 May 3:40am RUTH SUNDERLAND: Centrica boss feels the heat as shares slip below £1
Charles Berry, the newly arrived chairman of Centrica, is in for a baptism of fire at his first annual meeting today.
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Trade war: Investors brace for China retaliation to US tariffs - business live 13 May 3:27am Updated Trade war: Investors brace for China retaliation to US tariffs - business live
Rolling coverage of the latest economic and financial news, as fears of a deepening trade war hit shares in Asia
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Terminal cancer patient left hundreds of pounds out of pocket after Tui refused to refund deposit 13 May 3:02am Terminal cancer patient left hundreds of pounds out of pocket after Tui refused to refund deposit
Stephen Hardwicke was re-diagnosed with cancer in February last year and told he would need chemotherapy. Tui refused to refund his holiday deposit despite re-selling the trip.
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British Gas owner faces renewed pressure after customer exodus 13 May 2:42am British Gas owner faces renewed pressure after customer exodus
British Gas owner Centrica has revealed a fresh customer exodus at the start of the year and warned that a "challenging trading environment" will put further pressure on its annual performance.
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Ikea’s returns policy is on another planet 13 May 2:00am Ikea’s returns policy is on another planet
I just wanted to return one item but had to send back everything and re-order to have it collected I am really confused by Ikea’s returns policy, which states I have to return a whole order of several items in order to qualify for a free return. I wanted to return a £15 rug from a £65 order. However, Ikea told me I would need to pay £25 to have it collected. I spent most of my day being advised by Ikea that I could only return to store or use CollectPlus – actually my item was too big – and I was finally told that my whole order could be collected and refunded for free. Paying £25 to return a £15 rug didn’t seem reasonable so I opted to return my whole order. After my refund I will then re-order all the items I wanted to keep. This makes Ikea’s sustainable credentials questionable. If it was coming to collect it all, could not it just collect one item? Can it explain this nonsensical policy?
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Pakistan to get $6bn IMF lifeline to ease economic crisis 13 May 1:11am Pakistan to get $6bn IMF lifeline to ease economic crisis
The country has faced a growing economic crisis with dwindling foreign currency reserves.
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Pakistan to Accept $6 Billion Bailout From I.M.F. 13 May 12:12am Updated Pakistan to Accept $6 Billion Bailout From I.M.F.
Prime Minister Imran Khan had opposed any bailout before taking office, but has since reluctantly embraced the need for a rescue with Pakistan’s economy facing a crisis.
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