China to tariff $75bn of US goods in trade war escalation August 23, 2019 China has announced it will tariff $75bn of US goods in the latest escalation in the long-running trade war with the US. China’s commerce ministry said in a statement it would impose additional tariffs of five and 10 per cent on over 5,000 US goods including agricultural products, crude oil, small aircraft and cars. The [...]
Conservative billionaire David Koch dead at 79 August 23, 2019 US billionaire David Koch, a major conservative donor, has died, according to media reports. The controversial industrialist who alongside his brother Charles used his influence and money to help Republican causes, passed away age 79. Read more: Land of the car? Trump slams Ford for backing stricter emissions rules Charles, 83, confirmed his brother’s death [...]
Dublin vows to block EU-South American trade deal as the Amazon burns August 23, 2019 Irish Prime Minister Leo Varadkar has promised to vote against a trade deal between the EU and South American countries unless Brazil moves to protect its rainforest. The PM said he was worried about the record levels of destruction in the Amazon, amid fires that are ripping through the forest. He said Ireland will closely [...]
Bringing home the bacon: Peppa Pig maker Entertainment One’s share price soars after Hasbro deal August 23, 2019 Peppa Pig maker Entertainment One soared by almost a third on the exchange this morning as it yesterday announced a $4bn (£3.3bn) deal with US toy giant Hasbro. The company’s shares reached as high as 579p as markets opened this morning, 30.5 per cent up. Read more: Hasbro swoops on Peppa Pig-maker Entertainment One in [...]
Putin critic Navalny freed from jail August 23, 2019 Russian opposition leader Alexei Navalny has been released from prison, his spokesperson confirmed this morning. Navalny, President Putin’s most prominent critic, had spent 30 days behind bars for violations of the country’s law on protesting. Read more: Theresa May demands Salisbury poisoning suspects face justice ahead of Vladmir Putin talks He was locked up after [...]
Deutsche Bank fined $16m over US corruption charges August 23, 2019 Deutsche Bank settled for more than $16m with US authorities yesterday amid charges it had hired the relatives of foreign officials to win business. The Securities and Exchange Commission (SEC) said that it had fined the bank for hiring poorly qualified people just to get close to their decision-making relatives. Under the settlement’s terms Deutsche [...]
Eddie Stobart fires boss and suspends shares after accounting scandal August 23, 2019 Eddie Stobart parted ways with its chief executive and suspended trading in its shares this morning after a multi million-pound accounting error shook the group. Alex Laffey will step down from the role after four years with the logistics firm whose biggest stakeholder is embattled fund manager Neil Woodford. Read more: Eddie Stobart first half [...]
RBS and Santander rapped over PPI reminders August 23, 2019 Santander and the Ryal Bank of Scotland apologised to customers today as the UK’s competition watchdog scolded them for not properly reminding PPI customers they were able to cancel their plan. The Competition and Markets Authority (CMA) said it will force the two banks to appoint independent auditors to scour through their payment protection insurance [...]
Premier Oil prepares to sell Mexican field stake as profits jump August 22, 2019 Premier Oil today revealed it would sell a stake in a Mexican offshore field as it chips away at its massive debt. The company said it was looking to sell part of the Zama field, off the coast of Mexico, alongside its results for the six months ending 30 June. Read more: Premier Oil approves [...]
ISS and Glass Lewis back Barrick’s bid for Acacia August 22, 2019 Two major proxy advisers have lent their support to Barrick Gold as it waits for Acacia Mining’s shareholders to vote on its takeover bid. Glass Lewis and ISS have in recent days both thrown their weight behind the bid, saying it represents the best value for Acacia’s long-suffering shareholders. Read more: Tanzania allows Acacia to [...]
