Thursday, 31 August 2017

President Trump to donate $1m of own money to Storm Harvey relief - White House

Donald Trump is pledging $1m in personal funds to Harvey storm relief efforts, the White House says.

EU chief Brexit negotiator Michael Barnier sees 'no decisive progress' in Brexit talks

The EU chief Brexit negotiator has said there has been no "decisive progress" on key issues in talks with the UK, criticising the UK for demanding the "impossible".

Cash ISA saving falls by a third as tax rules change

There has been a dramatic drop in the number of Cash ISAs being opened and in the amount saved in the wake of the Brexit vote.

FTSE 100 extends gains to close higher for blue chip index

The FTSE 100 finished higher in a second day of gains for the blue chip index.

Currency rates hit new low at airport bureaux de change

Travellers buying their currencies at UK airports are being offered as little as 86 euro cents to the pound.

India's economy growth rate slows as new sales tax confuses firms

India's economy grew at its slowest pace for three years in the April-to-June quarter, official figures show.

John Lewis to sell plumbers and builders

Finding the right person to handle jobs around your home has always been a difficult task.

Bank policymaker Michael Saunders urges higher rates

A key member of the Bank of England's interest rate-setting Monetary Policy Committee (MPC), Michael Saunders, has said "a modest rise" in interest rates is needed to curb high inflation.

US bank Wells Fargo reveals more fake accounts

US bank Wells Fargo says as many as 3.5 million accounts may have been created for customers without permission over about eight years, even more than previously acknowledged.

Eurozone inflation rate rises to 1.5% in August, according to Eurostat

The inflation rate in the eurozone rose to a higher-than-expected 1.5% in August, according to Eurostat, the European Union's statistics office.

Iraq declares 'liberation' of Nineveh province from Islamic State

Iraq's prime minister says Nineveh province has been "fully liberated" from so-called Islamic State, after the district of Tal Afar was recaptured.

US petrol prices rise as key pipeline shut in wake of Hurricane Harvey

US petrol prices have risen after a key network of pipelines was shut in the wake of Hurricane Harvey, sparking fears of a squeeze on fuel supplies to major US cities.

North Korean ambassador summoned by the UK

A government minister has held a face-to-face meeting with North Korea's ambassador to condemn the country's latest missile test.

US orders Russia to close consulate and two annexes by Saturday

Russia has been ordered to close its San Francisco consulate and two trade missions in response to "unwarranted" Russian action, the US has said.

Wednesday, 30 August 2017

Royal Mail set to be relegated from FTSE 100 Index

Royal Mail is to be relegated from the FTSE 100 nearly four years after its controversial privatisation.

Brazil court blocks Amazon commercial mining decree

A Brazilian court has suspended a government decree that would open up a vast natural reserve in the Amazon to commercial mining.

German carmaker BMW Mini electric car design revealed

German carmaker BMW has unveiled the basic design for the full-production electric version of the next Mini car.

US economy growing at fastest pace in more than two years

New figures show the US economy expanded by 3% in the three months to the end of June, growing at its fastest pace in more than two years.

Co-op enters talks to acquire Nisa convenience store firm

The Co-operative group has entered exclusive talks to acquire UK convenience store operator Nisa.

Aston Martin announces £500m UK-Japan deal

Aston Martin has announced a £500m trade and investment deal between the United Kingdom and Japan.

Mike Ashley sues Tony Jimenez over French golf course deal

Sports Direct boss Mike Ashley is suing a business associate over an investment in a French golf course.

Personal borrowing slowed down in July, says Bank of England

The growth of borrowing on credit cards, bank loans and car purchase deals has eased off, according to figures from the Bank of England.

Customer data stolen at Cex online games store

Second-hand gadget and video games retailer Cex has said up to two million customers have had their data stolen in an online breach.

Police Service of Northern Ireland hired cybersecurity firm to unmask Twitter critics of chief constable

The Police Service of Northern Ireland hired a private cybersecurity firm to investigate alleged Twitter accounts of officers mocking senior management.

China must put pressure on North Korea, says Theresa May

Theresa May has called on China to "do everything it can" to put more pressure on North Korea to stop "illegal" and "outrageous" missile tests. 

Toddlers among six killed as monsoon rains lash Indian city

Torrential monsoon rains have brought Mumbai to a halt - destroying homes and leaving thousands of people stranded.

Marks & Spencer in talks to sell its 27 Hong Kong stores to franchise partner

Marks & Spencer (M&S) has announced it is in talks with its franchise partner in the Middle East over the sale of its store network in Hong Kong and Macau.

Christian girl fostered by Muslim parents rejoins family

A Christian girl who was living with Muslim foster carers has been reunited with her family following a court ruling.

Kezia Dugdale resigns as Scottish Labour Party leader

Kezia Dugdale has resigned as leader of the Scottish Labour Party.

North Korean missile test was 'prelude to containing Guam'

Kim Jong Un has ordered more missile tests and described the most recent launch as a "meaningful prelude" to containing Guam.

Tuesday, 29 August 2017

Manufacturers seek clarity over EU worker rights "as a matter of urgency"

Manufacturers have warned of a recruitment crunch if they are unable to keep hiring EU workers after Brexit.

Customers upset after EE broadband outage

EE broadband customers have been complaining after an extended outage prevented them from accessing the internet.

South Asia monsoon floods leave hundreds dead and thousands of homes destroyed

More than 1,200 people have been killed and hundreds of thousands of homes destroyed in monsoon floods sweeping across South Asia.

Fast-food chain Burger King launches WhopperCoin crypto-cash in Russia

Fast-food chain Burger King has launched its own crypto-currency, called WhopperCoin, in Russia.

UK outsourcing group Mitie investigated by Financial Conduct Authority

UK outsourcing group Mitie has said it is under investigation by the Financial Conduct Authority (FCA) over the timing and content of a profit warning.

Guatemala President Jimmy Morales under fire for UN expulsion in the country

Guatemala's President Jimmy Morales has been condemned for his order to expel the head of the UN's anti-corruption mission in the country.

Anger over Waterloo station reopening delays 'mess' after engineering works

Train delays at the UK's busiest railway station are expected to last until the end of the day following its reopening after engineering works.

West Ham striker Andy Carroll relives gunpoint robbery attempt

West Ham striker Andy Carroll has told a court a gun-wielding motorbike rider tried to rob him of his £22,000 watch.

Prime Minister Theresa May accused of backtracking on boardroom excess

Prime Minister Theresa May has been accused by Labour and trade unions of "watering down" plans to tackle corporate excess.

Tensions on Korean peninsula at 'tipping point', China says

Tensions on the Korean peninsula are at "tipping point", following the North's latest ballistic missile launch, China says.

Monday, 28 August 2017

Scottish Premiership Footballer Gary Mackay-Steven rescued after falling in river on night out

A Scottish Premiership footballer has thanked emergency services for rescuing him after he fell in a Glasgow river following a night out.

India and China end two-month border face-off in the Himalayas

India and China have agreed to pull back their troops from a face-off in a border area high in the Himalayas, ending a long-running dispute.

Investors threaten to hang up on Dixons Carphone chief James

Leading shareholders in Dixons Carphone want directors to accelerate a search for its next boss after last week's shock profit warning wiped nearly a quarter off the company's stock market value.

Government career break returner schemes launched

Government schemes to help civil servants, teachers, social workers and health workers get back to work after a career break have been launched.

American broadcaster CBS to buy Australia's Ten Network

American broadcaster CBS will buy Australia's troubled Ten Network, which had also attracted attention from a consortium led by Lachlan Murdoch.

Uber hires former Expedia boss Dara Khosrowshahi as new chief executive

Uber has picked former Expedia boss Dara Khosrowshahi as its new chief executive to lead the firm out of a nearly year-long crisis.

New £1 coins 'being wrongly returned' by companies

Efforts to phase out the old £1 coin are being hampered by companies who are returning the new 12-sided replacement by mistake.

'Godman' who raped women jailed for 20 years by Indian judge

A self-styled "godman" who was found guilty of raping two female devotees has been jailed for 20 years by a judge in India.

Birling Gap beach: 150 treated and hundreds more affected after chemical 'mist'

About 150 people have been treated in hospital and hundreds more affected by an unknown gas which hit the East Sussex coast.

Irish bank PTSB fined £2.3m by European Central Bank for liquidity breaches

The European Central Bank has fined Republic of Ireland bank Permanent TSB (PTSB) 2.5m euros (£2.3m) for falling short of the ECB's liquidity requirements.