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Markets rally as China prepares to cuts tariffs on US cars - business live

Markets rally as China prepares to cuts tariffs on US cars - business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. As we stagger towards the end of a turbulent year, investors are clinging onto hopes that the US and China can patch up their...

Guardian, Wednesday, 08:15
 
Dixons Carphone posts £440m loss in first half

Dixons Carphone posts £440m loss in first half

Dixons Carphone has reported a big loss for the first half of the year but says its turnaround plan is on track. The struggling retailer, whose main UK brands include Currys PC World and Carphone Warehouse, posted a loss of £440m for the six months to...

BBC, Wednesday, 07:49
 
Superdry warns worse to come as profits plunge

Superdry warns worse to come as profits plunge

Superdry, best known for its coats and zip-up sweatshirts, has warned of weaker than expected profits, saying customers haven't bought extra winter layers this year. It now expects annual profits of between £55m and £70m, analysts had been expecting...

BBC, Wednesday, 07:44
 
Uber pushed for UK congestion charges that would hit poor hardest

Uber pushed for UK congestion charges that would hit poor hardest

Uber used a private meeting with the transport secretary to push for congestion charges that a senior civil servant warned would hit poorer drivers hardest, records have revealed. Chris Grayling was also lobbied by the Uber CEO, Dara Khosrowshahi,...

Guardian, Wednesday, 07:41
 
Luxury Kensington complex will have just five affordable homes

Luxury Kensington complex will have just five affordable homes

The Royal Borough of Kensington and Chelsea has approved plans for a half-billion pound luxury retirement complex that includes just five affordable homes at a time when 14 families who survived the Grenfell Tower fire are still living in hotels 18...

Guardian, Wednesday, 07:41
 
M&S appoints former Sainsbury's chief Justin King to board

M&S appoints former Sainsbury's chief Justin King to board

Marks & Spencer has drafted in grocery industry heavyweight Justin King as the struggling retailer embarks on a fresh crusade to revive profits. King, who said M&S held a “very special place” in his affections, is best known for his long stint...

Guardian, Wednesday, 07:41
 
Revealed: Google's 'two-tier' workforce training document

Revealed: Google's 'two-tier' workforce training document

Google staff are instructed not to reward certain workers with perks like T-shirts, invite them to all-hands meetings, or allow them to engage in professional development training, an internal training document seen by the Guardian reveals. The guide...

Guardian, Wednesday, 07:41
 
Broadband too slow in more than a quarter of UK homes – report

Broadband too slow in more than a quarter of UK homes – report

More than a quarter of UK homes do not have fast enough broadband to cope with a typical family’s internet needs, such as downloading films and watching series on Netflix, according to a report. Just over 26% of the UK’s estimated 28 million...

Guardian, Wednesday, 06:16
 
The Germans solving rising rents with people power

The Germans solving rising rents with people power

Despairing of rising prices, some Germans are taking matters into their own hands to secure long-term, cheap, and stable rents. Rents in Munich's trendy Westend district have soared in recent years. The former working-class neighbourhood, home to the...

BBC, Wednesday, 00:25
 
Is the US heading for a recession?

Is the US heading for a recession?

Recessions are painful. Shrinking output tends to mean huge job losses, stagnant incomes and widespread misery. And when that recession is in the world's largest economy, it's a major headache for its trading partners, not least the UK which sells 30%...

BBC, Wednesday, 00:15
 
TUC calls for target of 1m manufacturing and hi-tech jobs by 2030

TUC calls for target of 1m manufacturing and hi-tech jobs by 2030

The Trades Union Congress has called on the government to set a target to create 1m manufacturing and high-tech jobs by 2030 to bolster its industrial strategy. In a report on the government’s flagship industrial policy, which launched a year ago, the...

Guardian, Wednesday, 00:08
 

Loch Fyne Oysters nets deal to stock Waitrose counters

Premium seafood brand Loch Fyne Oysters has reeled in a deal to supply fresh oysters and mussels to Waitrose & Partners. The Argyll-based firm will see its products, supplied in minimal packaging with the likes of recyclable cardboard oyster...

Scotsman, Tuesday, 20:04
 
China to 'cut US car tariff to 15%'

China to 'cut US car tariff to 15%'

China has reportedly proposed cutting tariffs on US-made cars to 15%, the same tax levied on car imports from other countries. Bloomberg reported that China's cabinet will review the plans, which would undo the 40% import duty China imposed on US cars...

BBC, Tuesday, 19:57
 
Pound sinks after no confidence report

Pound sinks after no confidence report

Sterling fell against the dollar to a new 20-month low on Tuesday. The decline followed a Sky News report colleagues of Theresa May believed they had sufficient numbers to trigger a no-confidence vote in her leadership. Sky's deputy political editor...

BBC, Tuesday, 18:53
 
Manchester clothing firm lodges trademark claim against Bentley Motors

Manchester clothing firm lodges trademark claim against Bentley Motors

A business has launched a legal claim against Bentley Motors over the ownership of a clothing trademark. Brandlogic, owner of Manchester-based Bentley 1962 clothing, is seeking an injunction to stop the car firm using the name Bentley on UK clothing....

BBC, Tuesday, 18:13
 


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