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Thursday, May 23, 2019
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Global markets rocked as US-China trade and tech rift deepens 23 May 11:44pm Updated Global markets rocked as US-China trade and tech rift deepens
Shares fall sharply in Asia, Europe and North America in intensifying war of words The deepening trade and technology war between the US and China has sent global stock markets sharply lower and prompted a warning from the IMF of the increasing risks to the global economy. Shares fell sharply in Europe and North America on Thursday as investors took fright at the the intensifying war of words between Washington and Beijing, poor news on the American economy, and political chaos in Britain.
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Currencies in USD
GBP 1,26 -0,397%
EUR 1,12 -0,356%
CHF 1,00 -0,299%
Uber to launch Jump bike hire scheme in Islington borough 23 May 7:01pm Uber to launch Jump bike hire scheme in Islington borough
Ride-hailing company hopes to expand to other London boroughs if local trial goes well Uber is to launch its electric bike hire scheme in the UK, trialling Jump bikes in London through its app. The global ride-hailing firm will be battling with Lime for the e-bike market, after the
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Thomas Cook receives offer for northern European business 23 May 1:54pm Thomas Cook receives offer for northern European business
Brexit-hit travel firm receives unsolicited offer from private equity investor Triton Partners Thomas Cook has received an offer for its northern European business from a private equity investor, as the tour operator
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Deutsche Bank shares slump further as fallout from bad press continues 23 May 1:30pm Deutsche Bank shares slump further as fallout from bad press continues
Investors complain shares are worth less than a pack of cigarettes following 40% slump in 10 months Deutsche Bank shares slid to fresh lows as its boss announced “tough cutbacks” for the investment bank following a fraught year of
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Market selloff: Wall Street joins rout as trade war hits US economy - business live 23 May 12:04pm Updated Market selloff: Wall Street joins rout as trade war hits US economy - business live
Financial markets hit as tensions between Beijing and Washington escalate, and fears of a no-deal Brexit rise
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Lloyds boss called before MPs over his pension payments 23 May 10:52am Lloyds boss called before MPs over his pension payments
António Horta-Osório pocketed an extra £400,000 a year on top of his basic £1.3m salary Lloyds chief executive António Horta-Osório has been summoned in front of MPs over executive pension payments that have allowed him to pocket an extra £419,000 a year, on top of his £1.3m basic salary. The work and pensions committee and the Business, Energy and Industrial Strategy committee, led by MPs Frank Field and Rachel Reeves respectively, have called both the chief executive and the head of the bank’s remuneration committee Stuart Sinclair to give answer questions in Parliament ahead of the summer recess.
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High court judge leads inquiry into London Capital & Finance scandal 23 May 9:59am High court judge leads inquiry into London Capital & Finance scandal
Judge will also look at watchdog’s oversight of firm which went bust owing 11,000 investors a total of £236m The government has launched an independent inquiry into the collapse of London Capital & Finance, the investment firm at the centre of a mounting
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Wall Street joins global selloff as trade wars grip markets - business live 23 May 9:57am Updated Wall Street joins global selloff as trade wars grip markets - business live
Financial markets are gripped by a nervy selloff as tensions between Beijing and Washington escalate, and fears of a no-deal Brexit rise
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Shares slide and pound dives as trade war and Brexit fears mount - business live 23 May 9:14am Updated Shares slide and pound dives as trade war and Brexit fears mount - business live
Financial markets are gripped by a nervy selloff as tensions between Beijing and Washington escalate, and fears of a no-deal Brexit rise
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Prada announces it is to go fur-free 23 May 7:40am Prada announces it is to go fur-free
The Italian luxury fashion house is the latest to announce it will ban fur, starting with its SS20 collections The Italian fashion house Prada has announced it will stop using fur in its collections. The ban will come into effect this September for its spring/summer 2020 women’s collections, although items that have already been made will continue to be sold. The move has come about in collaboration with the
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Alton Towers owner Merlin urged by US investor to go private 23 May 4:57am Alton Towers owner Merlin urged by US investor to go private
Second-largest shareholder, ValueAct Capital, writes open letter to chairman A US activist investor has called on Merlin Entertainments, the owner of attractions including Madame Tussauds, Legoland and Alton Towers, to seek a buyer to take it private, arguing that it has underperformed as a publicly listed company. San Francisco-based ValueAct Capital, Merlin’s second-largest shareholder controlling a 9.3% stake, has
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Facebook and City banks among highest-paying UK firms 23 May 1:01am Facebook and City banks among highest-paying UK firms
Glassdoor says total packages at best-paying companies equate to around £90,000 Three City banks, a German software business and Facebook pay their staff the most in the UK, according to a new survey, while staff working at Domino’s Pizza and the shop chains Footasylum and Schuh receive the lowest rewards. The Swiss investment bank Credit Suisse and the German software firm Sap topped the list of the UK’s highest-paying companies compiled by the job search and recruiting website Glassdoor.
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Greybull Capital: rescuer of distressed firms or vulture fund? 23 May 1:00am Greybull Capital: rescuer of distressed firms or vulture fund?
The creditor may manage to avoid financial loss once more with British Steel British Steel owner Greybull Capital is a private investment firm with a
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Markets slide as Panasonic joins list of firms walking away from Huawei 23 May 12:43am Markets slide as Panasonic joins list of firms walking away from Huawei
Panasonic joins Google, Intel and Qualcomm following US ban in what is beginning to shape up as a tech cold war Panasonic has joined the growing list of companies to sever ties with Huawei by announcing that it will stop supplying some components to the Chinese technology conglomerate after a US ban over security concerns. The decision by the Japanese firm on Thursday sent Asia Pacific shares falling again and
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